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Leases
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases
11.
LEASES
 
The Group has operating leases arrangements for their regional processing centers, frontline fulfillment stations, office space, vehicles and equipment.
A summary of supplemental information related to operating leases as of December 31, 2020 and 2021 is as follows:
 
    
As of December 31,
 
    
2020
   
2021
   
2021
 
    
RMB
   
RMB
   
US$
 
    
(in thousands)
 
Operating lease
right-of-use
assets
  
 
1,503,222
 
 
 
2,245,571
 
 
 
352,379
 
    
 
 
   
 
 
   
 
 
 
Operating lease liabilities, current
     594,787       969,494       152,135  
Operating lease liabilities,
non-current
     871,685       1,244,096       195,226  
    
 
 
   
 
 
   
 
 
 
Total operating lease liabilities
  
 
1,466,472
 
 
 
2,213,590
 
 
 
347,361
 
    
 
 
   
 
 
   
 
 
 
Weighted average remaining lease term
  
 
2.85
 
years
 
 
 
2.79
 years
 
 
 
2.79
 years
 
    
 
 
   
 
 
   
 
 
 
Weighted average discount rate
  
 
6.4
 
 
6.8
 
 
6.8
    
 
 
   
 
 
   
 
 
 
A summary of lease cost recognized in the Group’s consolidated statements of comprehensive loss and supplemental cash flow information related to operating leases is as follows:
 
    
For the years ended December 31,
 
    
2019
    
2020
    
2021
    
2021
 
    
RMB
    
RMB
    
RMB
    
US$
 
    
(in thousands)
 
Operating lease cost
     165,733        475,064        953,325        149,597  
Short-term lease cost
     1,859        7,391        12,227        1,919  
Variable lease cost
     —          —          8,247        1,294  
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
  
 
167,592
 
  
 
482,455
 
  
 
973,799
 
  
 
152,810  
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Cash paid for operating leases
  
 
168,787
 
  
 
500,458
 
  
 
1,002,511
 
  
 
157,316  
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Right-of-use
assets obtained in exchange for operating lease liabilities
  
 
499,615
 
  
 
1,489,367
 
  
 
1,671,666
 
  
 
262,321  
    
 
 
    
 
 
    
 
 
    
 
 
 
 

 
A summary of maturity of operating lease liabilities under the Group’s
non-cancelable
operating leases as of December 31, 2021 is as follows:
 
    
As of December 31, 2021
 
    
RMB
    
US$
 
    
(in thousands)
 
2022
     1,080,579        169,566  
2023
     711,673        111,677  
2024
     379,318        59,523  
2025
     188,455        29,573  
2026
     59,163        9,284  
Thereafter
     1,067        168  
    
 
 
    
 
 
 
Total future lease payments
  
 
2,420,255
 
  
 
379,791
 
 
  
 
 
 
  
 
 
 
Less: imputed interest
  
 
(206,665
  
 
(32,430
 
  
 
 
 
  
 
 
 
Total operating lease liabilities
  
 
2,213,590
 
  
 
347,361
 
    
 
 
    
 
 
 
As of December 31, 2021, the Group entered into new operating leases primarily for regional processing centers and frontline fulfillment stations of
RMB27.8 million, which have not yet commenced. The related right of use assets and lease liabilities of RMB24.2 million and RMB22.5 million, respectively, will be recorded in the consolidated balance sheets upon commencement of the leases.