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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Fair Value Measurements of Assets and Liabilities are Measured at Fair Value on Recurring Basis

As of December 31, 2022 and 2023, information about inputs into the fair value measurements of the Group's assets and liabilities that are measured at fair value on a recurring basis in periods subsequent to their initial recognition is as follows:

As of December 31,		Description		Fair value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)
				RMB				RMB				RMB
2022		Short-term investments			282,230				—				282,230
2022		Long-term investments			15,780				—				15,780
2023		Short-term investments			310,547				71,570				238,977
2023		Long-term investments			12,310				—				12,310

Schedule of Assets Measured at Fair Value on Non-recurring Basis

The following table presents the Group's assets measured at fair value on a non-recurring basis for the years ended December 31, 2021, and 2022:

Years ended December 31,		Description		Fair Value				Significant Unobservable Inputs (Level 3)				Total Loss for the Year
				RMB				RMB
2021		Equity investments without readily determinable fair value			—				—				16,500
2022		Equity method investments			—				—				12,186
2022		Goodwill			—				—				1,819,926
2022		Intangible assets - Non-Compete Commitment			—				—				14,733
2022		Intangible assets - technology/platform			2,000				2,000				6,217
2022		Intangible assets - brand names			20,000				20,000				185,975
2022		Deferred cost			16,659				16,659				70,406

Property and Equipment Estimated Useful Lives

Property and equipment are recorded at cost less accumulated depreciation and impairment. Depreciation is calculated on a straight-line basis over the following estimated useful lives:

Category		Estimated useful lives
Machinery		3-15 years
Electronic equipment		3 years
Leasehold improvement		Over the shorter of the lease term or expected useful lives
Furniture and office equipment		3 years
Motor vehicle		4 years
Software		3-5 years

Schedule of Identifiable Intangible Assets

The identifiable intangible assets acquired are amortized on a straight-line basis over their respective useful lives as follows:

The identifiable intangible assets		Amortization Years
Brand names		10 years
BCA		1-6 years
Technology/platform		5 years
NCC		5 years

Schedule of Net Product and Service Revenues by Revenue Streams and Geographical Location

For the year ended December 31, 2021, 2022 and 2023, the disaggregated revenues by revenue streams were as follows:

		Years ended December 31,
		2021				2022				2023
		RMB				RMB				RMB
Net online product revenues			6,220,037				6,697,557				9,354,140
Net product revenues from offline channels			434,856				1,979,115				2,304,158
Net product revenues			6,654,893				8,676,672				11,658,298
Net service revenues for PJT marketplace			516,155				638,334				707,000
Net service revenues for Paipai marketplace			520,944				474,010				497,338
Net service revenues from other channels			88,283				80,408				103,146
Net service revenues			1,125,382				1,192,752				1,307,484

The following is the Group’s net product and service revenues by geographical location:

		Years ended December 31,
		2021				2022				2023
		RMB				RMB				RMB
Mainland China			6,285,247				8,014,495				10,778,594
Hong Kong			339,616				659,277				827,182
Others			30,030				2,900				52,522
Net product revenues			6,654,893				8,676,672				11,658,298
Mainland China			1,123,351				1,191,924				1,305,727
Hong Kong			2,031				826				1,749
Others			—				2				8
Net service revenues			1,125,382				1,192,752				1,307,484

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