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LOANS RECEIVABLE, NET (Tables) | 12 Months Ended
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Dec. 31, 2020
Receivables [Abstract] |
Summary of loans receivable, net | The loans receivable, net consists of the following:
|  | As of December 31, |
|  | 2019 |  |  | 2020 |
|  | RMB |  |  | RMB |
Loans receivable |  |  | — |  |  |  | 58,996 |
Allowance for credit losses |  |  | — |  |  |  | (27,700 | )
Loans receivable, net |  |  | — |  |  |  | 31,296 |
Summary of balances of loans receivable by due date | The following table summarizes the balances of loans receivable by due date as of December 31, 2019 and 2020.
|  | As of December 31, |
|  | 2019 |  |  | 2020 |
|  | RMB |  |  | RMB |
Undue |  |  | — |  |  |  | 23,107 |
1-14 days past due |  |  | — |  |  |  | 1,412 |
15 days or greater past due |  |  | — |  |  |  | 6,777 |
Loans receivable, net |  |  | — |  |  |  | 31,296 |
Summary of the allowance for credit losses | The movement of the allowance for credit losses for the years ended December 31, 2018, 2019 and 2020 are as follows:
| Year ended December 31, |
|  | 2018 |  |  | 2019 |  |  | 2020 |
|  |  |  |  |  |  |  |  |  | RMB |
Balance at beginning of the year |  |  | — |  |  |  | — |  |  |  | — |
Current year credit losses |  |  | — |  |  |  | — |  |  |  | (27,498 | )
Foreign currency exchange |  |  | — |  |  |  | — |  |  |  | (202 | )
Balance at end of the year |  |  | — |  |  |  | — |  |  |  | (27,700 | )

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
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