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Principal accounting policies (Tables)

12 Months Ended

Dec. 31, 2025

Principal accounting policies

Schedule of Property and equipment Estimated useful lives and Residual rate

​

​ ​ ​	​	​	​	​	​
​	​ ​ ​	Estimated useful lives	​ ​ ​	Residual rate	​
Servers, computers and equipment	​	3-4 years	​	—	%
Leasehold improvements	​	Shorter of lease term or the estimated useful lives of the assets	​	—	%
Office furniture and others	​	3-5 years	​	—%-5	%

Schedule of amortization of finite-lived intangible assets is computed using the straight-line method over their estimated useful lives

​

​	​	​
​	​ ​ ​	Estimated useful lives
Copyrights of video content	​	1 – 4 years
License	​	15 years
Software	​	1 – 10 years
Domain names	​	15 years
Trademarks	​	5-11 years
Platform content	​	7 years
Technology	​	4 years

​

Schedule of disaggregation of revenue

​

​	​	​	​	​	​	​
​	​	For the years ended December 31,
​	​ ​ ​	2023	​ ​ ​	2024	​ ​ ​	2025
​	​	RMB	​	RMB	​	RMB
Live streaming		6,450,782	​	4,745,195	​	4,594,014
Game-related services, advertising and others (i)		543,546	​	1,333,920	​	1,908,386
Total		6,994,328	​	6,079,115	​	6,502,400

(i) Game-related services, advertising and others mainly include in-game virtual item sales, game distribution and advertising services.

Summary of revenue related to performance obligation

​

​	​	​	​	​	​	​
​	​ ​ ​	2026	​ ​ ​	2027 and after	​ ​ ​	Total
​	​	RMB	​	RMB	​	RMB
Revenue expected to be recognized		228,167	​	31,824	​	259,991

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Property plant and equipment estimated useful lives and residual rate.

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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Tabular disclosure of expected timing for satisfying remaining performance obligation.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

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