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Convertible Redeemable Preferred Shares (Tables)
12 Months Ended
Dec. 31, 2023
Temporary Equity Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Convertible Redeemable Preferred Shares

The following table summarizes changes in the carrying amount of the convertible redeemable preferred shares for the year ended December 31, 2021:

 

Series A
Convertible
redeemable
preferred shares
(par value US$
0.001)

 

Series B
Convertible
redeemable
preferred shares
(par value US$
0.001)

 

Series C
Convertible
redeemable
preferred shares
(par value US$
0.001)

 

Series D
Convertible
redeemable
preferred shares
(par value US$
0.001)

 

Series E
Convertible
redeemable
preferred shares
(par value US$
0.001)

 

Series F
Convertible
redeemable
preferred shares
(par value US$
0.001)

 

Total

 

Number
of shares

 

Amount

 

Number
of shares

 

Amount

 

Number of
shares

 

Amount

 

Number of
shares

 

Amount

 

Number of
shares

 

Amount

 

Number of
shares

 

Amount

 

Number of
shares

 

Amount

 

Balance as of December 31, 2020

 

9,497,040

 

 

445,275

 

 

7,586,836

 

 

361,633

 

 

33,320,256

 

 

1,705,435

 

 

10,068,160

 

 

1,153,593

 

 

34,225,014

 

 

5,213,958

 

 

 

 

 

 

94,697,306

 

 

8,879,894

 

Issuance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,953,652

 

 

241,341

 

 

9,777,383

 

 

1,179,326

 

 

11,731,035

 

 

1,420,667

 

Issuance upon conversion of convertible bonds

 

 

 

 

 

 

 

 

 

10,906,031

 

 

192,122

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10,906,031

 

 

192,122

 

Accretion

 

 

 

21,898

 

 

 

 

17,207

 

 

 

 

246,015

 

 

 

 

37,083

 

 

 

 

186,424

 

 

 

 

 

 

 

 

508,627

 

Convert to Class A Ordinary shares

 

(9,497,040

)

 

(467,173

)

 

(7,586,836

)

 

(378,840

)

 

(30,284,935

)

 

(1,467,859

)

 

(7,952,405

)

 

(940,464

)

 

(5,876,520

)

 

(916,388

)

 

(9,056,944

)

 

(1,092,428

)

 

(70,254,680

)

 

(5,263,152

)

Convert to Class B Ordinary shares

 

 

 

 

 

 

 

 

 

(13,941,352

)

 

(675,713

)

 

(2,115,755

)

 

(250,212

)

 

(30,302,146

)

 

(4,725,335

)

 

(720,439

)

 

(86,898

)

 

(47,079,692

)

 

(5,738,158

)

Balance as of December 31,2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Issuance of Convertible Redeemable Preferred Shares

The following table summarizes the issuance of convertible redeemable preferred shares:

 

Series

 

Issuance date

 

Share
Issued

 

 

Issue Price per
Share

 

Proceeds
from
Issuance

A, B, C-1, C-2

 

August 31, 2012 ~
November 11, 2016

 

 

44,887,552

 

 

US$0.21~US$2.65

 

US$63,902

C-3

 

June 26, 2018

 

 

1,884,512

 

 

US$2.65

 

US$5,000

C-3

 

December 7, 2018

 

 

7,819,871

 

 

US$2.65

 

RMB138,688

C-3

 

February 8, 2021 ~
May 25, 2021

 

 

10,906,031

 

 

US$2.65

 

RMB192,122

D

 

July 5, 2018

 

 

2,115,755

 

 

US$10.83

 

US$22,917

D

 

July 5, 2018

 

 

7,952,405

 

 

US$12.74

 

US$101,340

E

 

June 3 ~
September 16, 2019

 

 

2,521,844

 

 

US$17.84

 

US$45,000

E

 

June 3, 2019

 

 

27,500,098

 

 

US$0.70

 

US$20,115

E+

 

September 4 ~
September 14, 2020

 

 

4,203,072

 

 

US$17.84

 

US$75,000

E+

 

February 8, 2021 ~
May 25, 2021

 

 

1,953,652

 

 

US$17.84

 

RMB241,341

F

 

April 16, 2021 ~
May 25, 2021

 

 

9,777,383

 

 

US$19.43

 

US$168,000