v3.25.1

Taxation - Schedule of Tax Effects of Temporary Differences that Give Rise to Deferred Tax Asset Balances (Details) - CNY (¥) ¥ in Thousands | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
--- | --- | --- | --- | ---
Deferred tax assets |  |  |  |
Tax loss carried forwards | ¥ 455,210 | ¥ 387,083 |  |
Impairment loss of investments | 47,920 | 29,570 |  |
Unrealized profits arising from elimination of inter-company transactions | 4,478 | 6,326 |  |
Deferred revenue | 1,856 | 2,302 |  |
Others | 2,557 | 3,428 |  |
Total deferred tax assets | 512,021 | 428,709 |  |
Less: Valuation allowance | (512,021) | (428,709) | ¥ (316,469) | ¥ (171,236)
Deferred tax liabilities |  |  |  |
Identifiable intangible assets arising from the Acquisition | (18,025) | (21,784) |  |
Unrealized gains on investments | (5,380) | (20,533) |  |
Total deferred tax liabilities | (23,405) | (42,317) |  |
Net deferred tax liabilities | ¥ (23,405) | ¥ (42,317) |  |

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