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Leases
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
LEASES

20.

LEASES

The Group’s operating leases are principally for office space, facilities and self-run offline stores. At December 31, 2021, The Group’s operating leases had a weighted average discount rate of 4.75% and a weighted-average remaining lease term of 1.5 years.

The components of lease expense were as follows:

 

 

 

Year ended December 31,

 

 

 

2020

 

 

2021

 

Lease cost

 

 

 

 

 

 

 

 

Operating lease expense

 

 

9,472

 

 

 

12,065

 

Short-term lease expense (i)

 

 

876

 

 

 

2,382

 

Total lease cost

 

 

10,348

 

 

 

14,447

 

 

(i) Includes leases with a term of one year or less.

Supplemental cash flow information for leases was as follows:

 

 

 

Year ended December 31,

 

 

 

2020

 

 

2021

 

Operating cash flows relating to operating leases

 

 

10,203

 

 

 

14,765

 

Lease liabilities arising from obtaining right-of-use assets

 

 

7,890

 

 

 

16,835

 

 

 

 

20.

LEASES (Continued)

 

As of December 31, 2021, the aggregate future minimum rental payments under non-cancelable agreement were as follows:

 

 

 

Rental

RMB

 

2022

 

 

15,619

 

2023

 

 

10,837

 

2024 and after

 

 

244

 

Total future minimum rental payment

 

 

26,700

 

Less amount representing imputed interest

 

 

(7,792

)

Present value of future minimum rental payments

 

 

18,908

 

Less current portion, recorded in other current liabilities

 

 

(11,312

)

Long-term lease liabilities, recorded in other long-term liabilities

 

 

7,596