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ACCOUNTS PAYABLE

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE

11. ACCOUNTS PAYABLE

		As of December 31,
		2020				2021
		RMB				RMB
Merchandise purchase payables			292,515				150,241
Warehouse and logistic fees payables			7,512				4,784
Payable to merchants (1)			201,522				99,814
Total accounts payable			501,549				254,839

(1) Payable to merchants represents the unpaid balances to the merchants of cash collected by the Group on behalf of the merchants for products sold on Yunji App when the Group is viewed as the agent in the sales arrangement.

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- Definition

The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.

+ 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 210.5-02.19(a),20,24)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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- References

No definition available.

+ Details

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