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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
Dec. 31, 2021
CNY (¥)
¥ / shares
shares
Operating (expenses) income        
Merchandise costs ¥ (10,338,870) $ (1,456,199) ¥ (7,596,613) ¥ (5,735,393)
Fulfillment expenses (1,123,994) (158,311) (1,123,495) (1,062,066)
Selling and marketing expenses (1,250,860) (176,180) (1,536,052) (1,206,649)
General and administrative expenses (265,981) (37,463) (230,421) (433,629)
Technology and content expenses (195,679) (27,561) (227,812) (264,560)
Other operating income, net 36,264 5,108 41,238 26,950
Goodwill impairment loss 0   (1,819,926) 0
Loss from operations (173,338) (24,414) (2,623,657) (895,072)
Interest expense (7,056) (994) (6,163) (16,778)
Interest income 37,875 5,335 17,780 8,370
Other income (loss), net (5,887) (829) 38,791 (50,367)
Loss before income taxes and share of loss in equity method investments (148,406) (20,902) (2,573,249) (953,847)
Income tax benefits 42,530 5,990 111,783 143,863
Share of loss in equity method investments (50,374) (7,095) (6,471) (6,563)
Net loss (156,250) (22,007) (2,467,937) (816,547)
Accretion of convertible redeemable preferred shares 0   0 (508,627)
Net loss attributable to ordinary shareholders of the Company ¥ (156,250) $ (22,007) ¥ (2,467,937) ¥ (1,325,174)
Net loss per share attributable to ordinary shareholders:        
Basic | (per share) ¥ (0.96) $ (0.14) ¥ (15.16) ¥ (13.76)
Diluted | (per share) ¥ (0.96) $ (0.14) ¥ (15.16) ¥ (13.76)
Weighted average number of shares used in calculating net loss per ordinary share        
Basic | shares 162,160,835 162,160,835 162,819,410 96,306,113
Diluted | shares 162,160,835 162,160,835 162,819,410 96,306,113
Net loss ¥ (156,250) $ (22,007) ¥ (2,467,937) ¥ (816,547)
Foreign currency translation adjustments 8,883 1,251 (30,030) 2,239
Total comprehensive loss (147,367) (20,756) (2,497,967) (814,308)
Accretion of convertible redeemable preferred shares 0   0 (508,627)
Total comprehensive loss attributable to ordinary shareholders (147,367) (20,756) (2,497,967) (1,322,935)
Product        
Net revenues        
Net revenues 11,658,298 1,642,037 8,676,672 6,654,893
Service        
Net revenues        
Net revenues ¥ 1,307,484 $ 184,155 ¥ 1,192,752 ¥ 1,125,382