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Accounts receivable, net
12 Months Ended
Dec. 31, 2019
Accounts receivable, net  
Accounts receivable, net

5.    Accounts receivable, net

Accounts receivable consist of the following:

 

 

 

 

 

 

    

 

As of December 31, 

 

 

2018

 

2019

  

    

RMB

    

RMB

Accounts receivable from real estate developers

 

1,436,367

 

2,329,431

Accounts receivable from individual customers

 

2,646

 

2,805

 

 

1,439,013

 

2,332,236

Less: allowance for doubtful accounts

 

(86,417)

 

(142,256)

Accounts receivable, net

 

1,352,596

 

2,189,980

 

As of December 31, 2018 and 2019, the Group pledged accounts receivable from real estate developers of RMB65,697 and RMB263,550 as security for the bank loans of RMB50,000 and RMB185,000, respectively (see note 10).

The following table presents the movement of allowance for doubtful accounts for the years ended December 31, 2017, 2018 and 2019.

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 

 

 

2017

 

2018

 

2019

 

    

RMB

    

RMB

    

RMB

Balance at the beginning of the year:

 

43,084

 

46,900

 

86,417

Provision for the year

 

8,014

 

39,517

 

55,839

Write-off

 

(4,198)

 

 —

 

 —

Balance at the end of the year

 

46,900

 

86,417

 

142,256