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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2019
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Current assets      
Cash and cash equivalents $ 158,543 ¥ 1,103,747 ¥ 443,586
Restricted cash 33,055 230,125 350,632
Short-term investments 1,652 11,500 71,483
Accounts receivable, net 314,571 2,189,980 1,352,596
Prepayments and other current assets 27,962 194,668 210,996
Total current assets 535,783 3,730,020 2,429,293
Non-current assets      
Property, equipment and software, net 1,192 8,298 15,450
Equity method investments 83,206 579,263 346,159
Long-term equity investment 5,746 40,000 56,000
Deferred tax assets 1,047 7,289 8,467
Other non-current assets 1,042 7,255 23,915
Total non-current assets 92,233 642,105 449,991
Total assets 628,016 4,372,125 2,879,284
Current liabilities      
Short-term bank borrowings (including short-term bank borrowings of consolidated VIE without recourse to the Company of RMB395,000 and RMB490,000 as of December 31, 2018 and 2019, respectively. Note 1) 70,384 490,000 395,000
Accounts payable (including accounts payable of consolidated VIE without recourse to the Company of RMB1,107,836 and RMB1,897,219, as of December 31, 2018 and 2019, respectively. Note 1) 272,575 1,897,611 1,128,248
Customers' refundable fees (including customers' refundable fees of consolidated VIE without recourse to the Company of RMB41,697 and RMB44,916 as of December 31, 2018 and 2019, respectively. Note 1) 6,452 44,916 41,697
Accrued expenses and other payables (including accrued expenses and other payables of consolidated VIE without recourse to the Company of RMB392,251 and RMB283,749 as of December 31, 2018 and 2019, respectively. Note 1) 48,641 338,626 425,470
Income tax payables (including income tax payables of consolidated VIE without recourse to the Company of RMB297 and RMB7 as of December 31, 2018 and 2019, respectively. Note 1) 1 7 369
Total current liabilities 398,053 2,771,160 1,990,784
Non-current liabilities      
Income tax payables (including income tax payables of consolidated VIE without recourse to the Company of RMB11,916 and RMB11,061 as of December 31, 2018 and 2019, respectively. Note 1) 1,711 11,910 12,646
Total non-current liabilities 1,711 11,910 12,646
Total liabilities 399,764 2,783,070 2,003,430
Commitments and contingencies (Note 19)
Mezzanine equity      
Total mezzanine equity     2,743,144
Deficit:      
Series A-1 Convertible Preferred Shares (US$ 0.0000001 par value, 102,102,318 shares authorized, issued and outstanding as of December 31, 2018)     5,513
Additional paid-in capital 700,988 4,880,135 55,052
Accumulated other comprehensive loss (52,989) (368,897) (274,540)
Accumulated deficit (419,747) (2,922,184) (1,653,315)
Total (deficit) equity 228,252 1,589,055 (1,867,290)
Total liabilities, mezzanine equity and (deficit) equity $ 628,016 4,372,125 2,879,284
Series A-2 Redeemable Convertible Preferred Shares      
Mezzanine equity      
Total mezzanine equity     102,743
Series B Redeemable Convertible Preferred Shares      
Mezzanine equity      
Total mezzanine equity     446,889
Series C Redeemable Convertible Preferred Shares      
Mezzanine equity      
Total mezzanine equity     ¥ 2,193,512
Class A ordinary shares      
Deficit:      
Ordinary shares, Value   1  
Total (deficit) equity   ¥ 1