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PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET (Tables) | 12 Months Ended
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Dec. 31, 2021
Prepaid Expense and Other Assets, Current [Abstract] |
Schedule of prepaid expenses and other current assets | Prepaid expenses and other current assets consist of the following:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |
Receivables from third-party payment settlement platform (1) |  |  | 33,154 |  |  |  | 35,682 |
Deposits |  |  | 62,540 |  |  |  | 24,572 |
Prepaid advertising expenses |  |  | 5,482 |  |  |  | 7,840 |
Short-term loan receivables (2) |  |  | 130,629 |  |  |  | 221,211 |
VAT-input deductible |  |  | 126,455 |  |  |  | 103,519 |
Receivables from disposal of a subsidiary (3) |  |  | 26,676 |  |  |  | 16,713 |
Others |  |  | 28,459 |  |  |  | 25,971 |
Less: allowance for credit losses |  |  | (2,972 | ) |  |  | (4,791 | )
Total prepaid expenses and other current assets, net |  |  | 410,423 |  |  |  | 430,717 |
(1) | Receivables from third-party payment settlement platform represent cash due from the third party on-line payment service providers in relation to their processing of payments to the Group.
(2) | Short-term loan receivables represent the principal and interest to be collected on loans provided by the Group to third-party companies. As of December 31, 2021, the loans include seven loans to six companies with principal amount of US$ 15.3 million (equivalent to RMB 97,548), US$ 4.7 million (equivalent to RMB 29,966), RMB 800, RMB 12,000, RMB 10,000, RMB 30,000 and RMB 40,000, respectively. As of December 31, 2020, the loans include three loans to a customer which were all renewed in 2021 with total principal amount of US$ 20 million (equivalent to RMB 130,498). The terms of loans are of one-year term and with fixed annual interest at approximately 4%~12% within the market rate range, and mature within one year.
(3) | In the fourth quarter of 2020, the Group disposed of a subsidiary, Wuhan Yunteng Logistics Co., Ltd. (“Wuhan Yunteng”), to a third party for a total cash consideration of RMB 26,676 , with a loss of RMB 1.0 million recorded in other non-operating income/(loss) (Note 19). As of December 31,2021, RMB 16,713 remained uncollected.

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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