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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
CNY (¥)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2019
CNY (¥)
Net Cash Provided by (Used in) Operating Activities [Abstract]        
Net (loss)/income ¥ 132,284 $ 20,757 ¥ (151,692) ¥ (123,834)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 15,985 2,508 21,054 19,888
Shared-based compensation 55,910 8,773 98,378 128,197
(Gain)/loss from disposal of property, equipment and software 667 105 674 (1,518)
Equity in loss of affiliates 16,237 2,548 3,834 3,221
Changes in fair value for equity securities (59,690) (9,367) 53,683 (68,555)
Inventory write—downs 25,696 4,032 40,609 3,608
Foreign exchange loss/(income) 6,701 1,052 (6,417) 13,706
Amortization of right of use assets 3,908 613 15,732 19,430
Change in estimate of refund payable to members (2,617) (411) (23,521) (379,370)
Loss/(gain) on disposal of long-term investments and subsidiaries (112,354) (17,631) 1,610  
Allowance for credit losses 24,045 3,773 13,089  
Cash dividend received     204 190
Deferred income tax 42,698 6,700 28,840 (30,020)
Changes in operating assets and liabilities:        
(Increase)/decrease in accounts receivable 39,516 6,201 (154,413) (4,525)
Decrease in inventories 25,036 3,929 251,998 243,613
(Increase)/decrease in advance to suppliers 39,005 6,121 (16,547) (38,773)
Decrease in prepaid expenses and other current assets 47,602 7,471 78,143 60,654
Increase in other non-current assets (1,592) (250) (4,867) (278)
(Increase)/decrease in amounts due from related parties 2,574 404 1,793 (6,453)
Decrease in accounts payable (212,735) (33,383) (205,824) (674,414)
Increase/(decrease) in refund payable to members (634) (100) 1,036 10,229
Decrease in incentive payables to members (46,558) (7,306) (72,316) (37,459)
Decrease in member management fees payable (30,271) (4,750) (32,514) (30,029)
(Decrease)/increase in deferred revenue 54,884 8,612 (130,853) (365,147)
Increase/(decrease) in amount due to related parties (7,359) (1,155) 4,693 6,851
Increase/(decrease) in other payable and accrued liabilities (84,929) (13,327) (77,920) 133,972
Net cash used in operating activities (25,991) (4,081) (261,514) (1,116,816)
Cash flows from investing activities:        
Purchase of property, equipment and software (86,983) (13,647) (84,403) (28,184)
Proceeds from disposal of property, equipment and software 2,383 374 1,845 3,041
Cash paid for short term investments (377,756) (59,278) (1,774,781) (4,793,867)
Cash received from maturity of short term investments 126,598 19,866 2,492,613 5,028,793
Cash paid for factorings services (194,070) (30,454) (57,913) (42,467)
Cash received from factorings services 169,000 26,520 36,407 10,000
Cash paid for loans provided to third parties (159,200) (24,982) (93,755) (171,855)
Cash received from repayment of loans provided to third parties 65,023 10,203 61,869  
Cash received from disposal of long-term investments 135,864 21,320 3,344  
Impact to cash resulting from deconsolidation of subsidiaries 4,123 647 (7,144)  
Cash paid for long-term investments (198,777) (31,192) (27,067) (120,944)
Net cash (used in)/generated from investing activities (513,795) (80,623) 551,015 (115,483)
Cash flows from financing activities:        
Proceeds from issuance of ordinary shares upon Initial Public Offering, net of issuance costs 0     737,297
Net proceeds from exercise of share options 1,008 158 6,995 1,080
Cash paid for repurchase of common stocks (220) (35) (23,171) (117,371)
Cash paid to non-controlling shareholders for acquisition of equity shares in subsidiaries (1,198) (188)    
Cash dividend paid to a non-controlling shareholder (261) (41)    
Capital injection from non-controlling shareholders 208 33 2,300 2,400
Net cash generated from/(used in) financing activities (463) (73) (13,876) 623,406
Effect of exchange rate changes on cash, cash equivalents and restricted cash (19,763) (3,101) (53,624) 11,390
Net (decrease)/increase in cash, cash equivalents and restricted cash (560,012) (87,878) 222,001 (597,503)
Cash, cash equivalents and restricted cash at beginning of the year 1,189,744 186,697 967,743 1,565,246
Cash, cash equivalents and restricted cash at the end of the year 629,732 98,819 1,189,744 967,743
Supplemental disclosure of cash flow information        
Cash paid for income tax 7,979 1,252 4,251 13,413
Supplemental schedule of non-cash investing and financing activities        
Accretion on convertible redeemable preferred shares to redemption value 0 0 0 1,532,013
Payable for capital expenditure 0   0 94
Net settlement between factoring receivables and payables 33,182 5,207 23,507 15,901
Additional Cash Flow Elements [Abstract]        
Cash and cash equivalents 567,204 89,007 1,063,900 883,369
Restricted cash(Note 2.9) 62,528 9,812 125,844 84,374
Cash, cash equivalents and restricted cash at the end of the year ¥ 629,732 $ 98,819 ¥ 1,189,744 ¥ 967,743