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Convertible notes payable (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Convertible debt

The following is a summary of the Company’s convertible notes payable and its fair values as of December 31, 2023 and 2024.

Fair Value

Principal amount

Unamortized debt issuance costs

Net carrying amount

Amount

Leveling

RMB

RMB

RMB

RMB

As of December 31, 2023

461,494

(5,793)

455,701

396,884

Level 3

As of December 31, 2024

474,455

(3,845)

470,610

481,754

Level 3

X

- Definition

Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount.

+ References

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- References

No definition available.

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