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Related Party Balances and Transactions (Tables)
12 Months Ended
Dec. 31, 2023
Related Party Balances and Transactions  
Summary of Related Party Balances and Transactions

(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.

(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