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Consolidated Statements of Cash Flows - CNY (¥)
¥ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net Loss ¥ (17,789) ¥ (61,236) ¥ (159,590)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation of property, equipment and leasehold improvement 473 1,134 1,049
Amortization of right-of-use asset 5,600 5,260 8,410
Amortization of intangible assets 2,100 2,100 2,100
Changes in fair value of warrant (1,476) (2,634) (1,702)
Changes in fair value of amounts due to related party 4,461 757 7,524
Share-based compensation expense 24,352 33,869 109,983
Provision/(reversal) of allowance for current expected credit losses (1,218) 3,387 1,203
Foreign exchange losses/(gains) (4,805) 2,810 2,546
Loss on disposal of property, equipment and leasehold improvement 90 816 46
Dispute resolution expenses 2,355
Deferred income tax (525) (525) (525)
Changes in operating assets and liabilities:      
Accounts receivable (162,055) (519,617) (65,602)
Prepayments and other current assets (12,795) 2,655 (7,028)
Accounts payable 116,913 408,947 89,712
Contract liabilities (737) (2,514) 3,407
Salary and welfare benefits payable 3,309 6,768 10,306
Tax payable 10,646 11,061 (2,128)
Accrued expenses and other current liabilities (1,050) (5,353) (17,680)
Lease liabilities (6,044) (4,175) (8,981)
Net cash used in operating activities (40,550) (114,135) (26,950)
Cash flows from investing activities:      
Purchase of property, equipment and leasehold improvement (75) (1,663) (549)
Proceeds from disposal of property, equipment and intangible assets 48 12 22
Loan provided to a third party (10,000)
Loan repaid by a third party 10,000
Placement of short-term investments (16,778) (186,471) (42,722)
Cash received from maturities of short-term investments 52,202 172,522 56,071
Net cash generated from/(used in) investing activities 35,397 (15,600) 12,822
Cash flows from financing activities:      
Cash received from short-term borrowings from bank (Note 10(1)) 102,500 30,000 20,000
Cash repayments of short-term borrowings to bank (Note 10(1)) (52,000) (20,000)
Cash receipt of the debt proceeds (Note 13) 5,000
Cash repayments of short-term borrowings to a third party (5,000)
Cash received from long-term borrowings from bank 10,000
Cash repayments of long-term borrowings to bank (200)
Cash repayments of amounts due to a related party (Note 21(a)(i)) (10,000) (12,610)
Proceeds from exercise of share-based awards 104    
Cash payment for PIPE financing cost (Note 3)     (4,953)
Cash payment for settling a dispute with a security holder (3,055)
Net cash generated from financing activities 55,404 1,945 140,345
Effect of foreign exchange rate changes on cash and cash equivalents (2,126) 1,870 2,230
Net increase/(decrease) in cash and cash equivalents and restricted cash 48,125 (125,920) 128,447
Cash and cash equivalents and restricted cash at beginning of the year 122,472 248,392 119,945
Cash and cash equivalents and restricted cash at end of the year 170,597 122,472 248,392
Reconciliation to amounts on consolidated balance sheet:      
Restricted cash at end of the year 26,086 5,000 5,000
Cash and cash equivalents at end of the year 144,511 117,472 243,392
Supplemental disclosures of cash flow information:      
Cash payments of interest expense (2,017) (584) (898)
Cash paid for income tax (119) (234) (162)
Supplemental schedule of non-cash investing and financing activities:      
Accretions to preferred shares redemption value 762,169
Conversion of Preferred Shares into Class A ordinary shares 2,321,050
Right-of-use assets obtained in exchange for obligations 7,047 6,843 5,602
Right-of-use assets released due to termination of lease contracts (648) (6,179) (1,666)
Prime Impact Cayman LLC [Member]      
Cash flows from financing activities:      
Proceeds from PIPE financing 8,609
World Dynamic Limited [Member]      
Cash flows from financing activities:      
Proceeds from PIPE financing 93,436
Goldrock Holdings Limited [Member]      
Cash flows from financing activities:      
Proceeds from PIPE financing ¥ 35,863