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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.

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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.

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Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year.

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