XML 63 R37.htm IDEA: XBRL DOCUMENT v3.23.1
Short-Term Investments (Tables)
12 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Short-Term Investment

Short-term investments consisted of the following:

 

 

 

As of December 31,

 

 

 

2021

 

 

2022

 

 

 

RMB

 

 

RMB

 

Variable rate financial instruments

 

 

184,159

 

 

 

70,542

 

Total

 

 

184,159

 

 

 

70,542

 

 

Variable rate instruments represent financial products with variable interest rates and unsecured principal but no restriction on withdrawal. The Group elects the fair value option to record them at fair value in accordance with ASC 825 Financial Instruments.