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Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Assets, Net

Intangible assets consist of the following:

 

 

As of December 31,

 

 

2022

 

 

2023

 

 

RMB

 

 

RMB

 

Business Cooperation Agreement

 

 

1,554,046

 

 

 

1,554,046

 

Brand names

 

 

321,000

 

 

 

321,000

 

Non-compete commitment

 

 

79,141

 

 

 

79,141

 

Technology/platform

 

 

31,600

 

 

 

31,600

 

Total

 

 

1,985,787

 

 

 

1,985,787

 

Less: accumulated amortization

 

 

(1,234,212

)

 

 

(1,508,231

)

Less: accumulated impairment loss

 

 

(206,925

)

 

 

(206,925

)

Intangible assets, net

 

 

544,650

 

 

 

270,631