XML 58 R44.htm IDEA: XBRL DOCUMENT
v3.22.1

Share Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Option Activities | The following table summarizes the Company’s share option activities for the year ended December 31, 2021 pursuant to the A&R 2020 Share Incentive Plan:
|  | Number of Options |  |  | Weighted Average Exercise Price Per option |  |  | Weighted Average grant date fair value per option |  |  | Weighted Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value |
|  |  |  |  | US$ |  |  | US$ |  |  | Years |  |  | US$ (in thousands) |
Share options outstanding as of December 31, 2020 |  |  | 224,295,105 |  |  |  | 0.2160 |  |  |  | 0.0496 |  |  |  | 9.55 |  |  |  | 20,468 |
Granted |  |  | 200,923,883 |  |  |  | 0.2767 |  |  |  | 0.5092 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (40,751,365 | ) |  |  | 0.2793 |  |  |  | 0.2594 |  |  |  |  |  |  |  |  |
Share options outstanding as of December 31, 2021 |  |  | 384,467,623 |  |  |  | 0.2099 |  |  |  | 0.2676 |  |  |  | 8.28 |  |  |  | 126,484 |
Exercisable as of December 31, 2021 |  |  | 104,626,808 |  |  |  | 0.0746 |  |  |  | 0.0510 |  |  |  | 5.58 |  |  |  | 48,593 |
Summary Of Assumptions Used To Value The Share Options | The Group uses the binomial tree option pricing model to estimate the fair value of share options with the assistance of an independent third-party valuation firm. The assumptions used to value the share options were as follows:
|  | For the years ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
Fair value of ordinary shares (US$) |  |  | 2.78 |  |  |  | 4.78 |  |  |  | 4.78-15.78 |
Risk-free interest rate (%) |  |  | 0.88-2.00 |  |  |  | 0.66-0.88 |  |  |  | 0.93-1.71 |
Expected volatility (%) |  |  | 47-48 |  |  |  | 47-48 |  |  |  | 48 |
Expected dividend yield |  |  | — |  |  |  | — |  |  |  | — |
Life of option |  |  | 10 |  |  |  | 10 |  |  |  | 10 |
Exercise multiple |  |  | 2.5 |  |  |  | 2.5 |  |  |  | 2.5 |
Post-vesting forfeiture rate |  |  | — |  |  |  | — |  |  |  | — |
Summary Of Recognized Sharebased Compensation Expenses | For the above-mentioned incentive plans and awards, the Group recognized aggregate share-based compensation expenses for the years ended December 31, 2019, 2020 and 2021 as follows:
|  | For the years ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
|  | (in thousands) |
Fulfillment expenses |  |  | 258 |  |  |  | 1,974 |  |  |  | 32,673 |  |  |  | 5,127 |
Sales and marketing expenses |  |  | 174 |  |  |  | 532 |  |  |  | 6,927 |  |  |  | 1,087 |
Product development expenses |  |  | 1,043 |  |  |  | 4,370 |  |  |  | 42,666 |  |  |  | 6,695 |
General and administrative expenses |  |  | 515 |  |  |  | 146,234 |  |  |  | 233,096 |  |  |  | 36,578 |
Total |  |  | 1,990 |  |  |  | 153,110 |  |  |  | 315,362 |  |  |  | 49,487 |

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration