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SUMMARY OF PRINCIPAL ACCOUNTING POLICIES - Balances of the VIEs and Short-term investments (Details)
¥ in Thousands, $ in Thousands
1 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2019
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
CNY (¥)
Dec. 31, 2019
CNY (¥)
Jan. 01, 2019
CNY (¥)
Current assets:              
Cash and cash equivalents   $ 83,496   ¥ 853,740   ¥ 581,281  
Restricted cash   16,726       116,441  
Short-term investments       252,805      
Accounts receivable   9,372   28,569 ¥ 20,398 65,247  
Notes receivable   3,388       23,587  
Inventories   69,848   210,836   486,271  
Prepayments and other current assets   29,965   161,147   208,604 ¥ 159,776
Total current assets   212,795   1,507,097   1,481,431  
Property and equipment   4,286   20,302   29,836  
Intangible assets, net   1,152   4,503   8,022  
Long-term investments   20   11,140   140  
Operating lease right-of-use assets   12,620       87,855 62,408
Other non-current assets   432   3,376   3,009  
Total assets   231,305   1,546,418   1,610,293 1,607,455
Current liabilities              
Short-term borrowings   (13,658)       (95,081)  
Accounts payable   (63,825)   (212,258)   (444,334)  
Accrued expenses and other current liabilities   (33,613)   (102,261)   (234,008) (122,056)
Total current liabilities   (111,096)   (314,519)   (773,423)  
Long-term operating lease liabilities   (8,189)       (57,011) (41,242)
Total liabilities   (120,138)   (322,654)   (836,370) ¥ (383,691)
Product revenues   567,677 ¥ 3,952,053 1,785,970 959,486    
Total cost and expenses   (638,566) (4,445,566) (2,186,345) (1,213,508)    
Net income (loss)   (71,764) (499,606) (380,091) (248,580)    
Net cash used in operating activities   (73,599) (512,382) (343,018) (204,372)    
Net cash used in investing activities   34,140 237,675 44,454 (36,125)    
Net cash provided by financing activities   $ 15,655 108,987 972,697 49,500    
Short-term investments              
Impairment on available-for-sale debt securities     0 0 0    
VIEs              
Current assets:              
Cash and cash equivalents       8,527   40,964  
Restricted cash           12,631  
Accounts receivable       28,351   60,173  
Notes receivable           23,274  
Inventories       210,285   389,195  
Prepayments and other current assets       133,655   171,318  
Total current assets       380,818   697,555  
Property and equipment       9,962   15,599  
Intangible assets, net       382   774  
Long-term investments       11,140   140  
Operating lease right-of-use assets           67,103  
Other non-current assets       1,446   2,078  
Total assets       403,748   783,249  
Current liabilities              
Short-term borrowings           (65,081)  
Accounts payable       (211,954)   (394,242)  
Accrued expenses and other current liabilities       (50,356)   (149,111)  
Total current liabilities       (262,310)   (608,434)  
Long-term operating lease liabilities           (47,750)  
Total liabilities       (262,310)   ¥ (656,184)  
Product revenues     3,302,818 1,785,757 959,153    
Total cost and expenses     (3,383,187) (1,809,656) (930,567)    
Net income (loss)     (80,369) (23,899) 28,586    
Net cash used in operating activities     (263,750) (112,425) (124,409)    
Net cash used in investing activities     (4,684) ¥ (7,308) ¥ (54)    
Net cash provided by financing activities     ¥ 87,892        
Percentage of consolidated revenues 3.00% 84.00% 84.00% 99.00% 99.00%    
Percentage of consolidated total assets   49.00% 49.00% 26.00%      
Percentage of consolidated total liabilities   78.00% 78.00% 81.00%      
Yao Fang or WFOE | VIEs              
Current liabilities              
Advertising fees and marketing fees charged by WFOE     ¥ 126,831 ¥ 79,742 ¥ 162,844