XML 47 R22.htm IDEA: XBRL DOCUMENT v3.26.1
INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2025
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

14. INTANGIBLE ASSETS

Intangible assets are as follows:

As of December 31, 2025

Gross

Accumulated amortization

Net

carrying value

and impairment

carrying value

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

USD

(in thousands)

(Note 3)

AI-driven User Acquisition & Platform Distribution Hub

 

14,510

 

(1,209)

 

13,301

1,902

Game licensing

 

2,830

 

(330)

 

2,500

357

Total

 

17,340

 

(1,539)

 

15,801

2,259

In July 2025, the Group paid RMB 3 million (US$0.4 million) to a third-party game publisher to acquire game licenses of The Greed of Man. The initial cost of the licenses was RMB 2.8 million (net of recoverable taxes of RMB 0.2 million). The licenses are valid for 5 years and are amortized on a straight-line basis.

In July 2025, the Group paid RMB7.5 million (US$1.1 million) to acquire an AI software- AI-driven User Acquisition & Platform Distribution Hub. The total purchase price is RMB 14.5 million (US$2.1 million), of which RMB 7.0 million (US$1.0 million) remained payable as of December 31, 2025. The acquired game licenses are amortized on a straight-line basis over the shorter of the useful economic life or five years.

Amortization expenses for the year ended December 31, 2025, amounted to approximately RMB 1.5 million (US$0.2 million)

The future amortization for the intangible assets is expected to be as follows:

For the years ending December 31,

  ​ ​ ​

RMB

  ​ ​ ​

USD

(in thousands)

2026

3,468

496

2027

3,468

496

2028

3,468

496

2029

3,468

496

2030

1,929

275