v3.25.1

Related party transactions | 12 Months Ended
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Dec. 31, 2024
Related party transactions |
Related party transactions | 23.Related party transactions For the years ended December 31, 2022, 2023 and 2024, significant related party transactions were as follows: Transactions with Tencent ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the year ended December 31,
​ |  | 2022 |  | 2023 |  | 2024
​ | ​ | RMB | ​ | RMB | ​ | RMB
Advertising, sub-licensing and other revenues from Tencent | ​ | 22,073 | ​ | 118,844 | ​ | 651,495
Content costs charged by Tencent (i) | ​ | 539,451 | ​ | 249,536 | ​ | 217,527
Operation support services provided by Tencent |  | 225,808 |  | 142,372 |  | 104,318
Acquisition under common control (ii) | ​ | — | ​ | 574,826 | ​ | —
Others | ​ | 12,867 | ​ | 6,422 | ​ | 6,422
(i) | In April 2021, the Group entered into a related party transaction with a fellow subsidiary of Tencent to purchase an exclusive license for broadcasting League of Legends tournaments during the period from 2021 to 2025, with a total consideration of RMB 2,013 million. In January 2023 and September 2024, the Group has entered into supplemental agreements to the above-mentioned agreement with Tencent to update the authorised right, licensed scope and total consideration respectively (Note 26).
(ii) | In December 2023, the Company acquired a global mobile application service provider from a fellow subsidiary of Tencent for an aggregate cash consideration of RMB 574,826, of which RMB 546,084 was paid by the Company in 2023 and the remaining balance of RMB 28,770 was paid in February 2024.
​ 23.Related party transactions (continued) Transactions with entities over which Tencent and/or Huya have significant influence (“Tencent and Huya’s related parties”) ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the year ended December 31,
​ |  | 2022 |  | 2023 |  | 2024
​ | ​ | RMB | ​ | RMB | ​ | RMB
Content costs and revenue sharing fees charged by Tencent and Huya’s related parties |  | 100,627 |  | 61,272 |  | 38,069
Advertising, sub-licensing and other revenues from Tencent and Huya’s related parties |  | 13,072 |  | 23,902 |  | 17,575
Others |  | 18,213 |  | 29,178 |  | 1,810
​ As of December 31, 2023 and 2024, the amounts due from/to related parties are as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | December 31,
​ |  | 2023 |  | 2024
​ | ​ | RMB | ​ | RMB
Prepaid assets and amounts due from related parties, net |  |  |  |
Tencent |  | 147,776 |  | 202,157
Others |  | 1,089 |  | 5,710
Less: credit loss provision |  | (217) |  | (302)
Total |  | 148,648 |  | 207,565
Amounts due to related parties |  |  |  |
Tencent |  | 141,743 |  | 142,662
Others |  | 35,971 |  | 18,867
Total |  | 177,714 |  | 161,529
​ The following table presents the movements of the credit loss provision related to amounts due from related parties for the years ended December 31, 2022, 2023 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the years ended
​ | ​ | December 31,
​ |  | 2022 |  | 2023 |  | 2024
​ | ​ | RMB | ​ | RMB | ​ | RMB
Balance at beginning of the year |  | (393) |  | (302) |  | (217)
Current year provision |  | (139) |  | (219) |  | (100)
Current year reversal |  | 230 |  | 304 |  | 15
Balance at end of the year |  | (302) |  | (217) |  | (302)
​ The other receivables/payables from/to related parties are unsecured, interest-free and payable on demand.

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