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Related Party Balances and Transactions | 12 Months Ended
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Dec. 31, 2023
Related Party Balances and Transactions |
Related Party Balances and Transactions |
14. | Related Party Balances and Transactions
The table below sets major related parties of the Group and their relationships with the Group:
Entity or individual name |  | Relationship with the Group
Tencent Holdings Limited and its subsidiaries (“Tencent Group”) | ​ | Shareholder of the Group
​ Detail of related party balances and transactions as of and for the years ended December 31, 2021, 2022 and 2023 are as follows:
(1) | Service provided by related parties:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2021 |  | 2022 |  | 2023
​ | ​ | RMB | ​ | RMB | ​ | RMB
Marketing services from Tencent Group(1) |  | 487,085 |  | 20,688 |  | 79,469
Payment processing services from Tencent Group(2) |  | 37,986 |  | 27,812 |  | 23,759
Cloud technology services from Tencent Group(3) |  | 45,343 |  | 35,260 |  | 31,357
Others |  | 60 |  | 114 |  | 891
Total |  | 570,474 |  | 83,874 |  | 135,476
(1) | The Group entered into a series of cooperation agreements with Tencent Group since 2020. The Group uses Tencent Group as its platform to provide marketing service.
(2) | The Group entered into a series of agreements with Tencent Group in 2016. The Group uses weixin pay (from Tencent Group) as one of its payment processing platforms to collect cash from insurance policy holders, participants of its mutual aid plan, and users on its medical crowdfunding platform. Tencent Group charges service fee for each transaction processed.
(3) | The Group entered into a series of agreements with Tencent Group since 2018. Tencent Group provides cloud technology services to the Group.
​
14. | Related Party Balances and Transactions (continued)
(2) | Service provided to related parties:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2021 |  | 2022 |  | 2023
​ | ​ | RMB | ​ | RMB | ​ | RMB
Advertising services to Tencent Group |  | 1,988 |  | 962 |  | 560
Total |  | 1,988 |  | 962 |  | 560
​
(3) | Amount due from related parties:
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ |  | 2022 |  | 2023
​ | ​ | RMB | ​ | RMB
Tencent Group(1) |  | 358 | ​ | 65
Total |  | 358 | ​ | 65
(1) | In addition, prepayments of RMB89,014 and RMB10,059 were recorded separately as of December 31, 2022 and 2023 under “Prepaid expense and other assets” in relation to the traffic channel service fee paid to Tencent Group, and the balance is amortized based on traffic volume consumed.
(4) | Amount due to related parties:
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ |  | 2022 |  | 2023
​ | ​ | RMB | ​ | RMB
Cloud technology services from Tencent Group |  | 11,509 | ​ | 9,509
Others |  | 44 | ​ | —
Total |  | 11,553 | ​ | 9,509
​

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