v3.25.1
Related party transactions (Tables)
12 Months Ended
Dec. 31, 2024
Related party transactions  
Schedule of Significant Related Party Transactions

    

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 RMB2,013 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 RMB574,826, of which RMB546,084 was paid by the Company in 2023 and the remaining balance of RMB28,770 was paid in February 2024.

    

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

Schedule of Amounts Due from/to Related Parties

    

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

Schedule of Allowance for Credit Loss Provision Related to Amounts Due from Related Parties

    

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)