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RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of major related parties and their relationships with group

The table below sets forth the major related parties and their relationships with the Group as of December 31, 2021:


Name of related parties		Relationship with the Group

Small Ye Group		Controlled by Mr. Xiao Shanglue, Founder and CEO of the Group
Hangzhou Jixi Internet Technology Co., Ltd. (“Jixi”)		An associate of the Group (incorporated in 2018)
Hangzhou Tianshi Technology Co., Ltd. (“Tianshi”)		An associate of the Group (incorporated in 2017)
Hangzhou Zhangtaihe Health Technology Co., Ltd. (“Zhangtaihe ”)*		An associate of the Group (incorporated in 2018)
Guangdong Weixin Technology Co., Ltd. (“Weixin”)		An associate of the Group (incorporated in 2018)
Beijing Siwei Technology and Culture Co., Ltd. (“Siwei”)		An associate of the Group (incorporated in 2018)
Hangzhou Adopt A Cow Biological Technology Co., Ltd. (“Zhaomu”)		An associate of the Group (incorporated in 2018)
Hangzhou Bixin Biotechnology Co., Ltd. (“Bixin”)		An associate of the Group (incorporated in 2019)
Hunan Haomei Haomei Cosmetics Co., Ltd. (“Haomei ”)*		An associate of the Group (incorporated in 2019)
Ningbo Langfei Life Electric Co., Ltd. (“Langfei ”)*		An associate of the Group (incorporated in 2019)
Shenzhen Liumang Yike Food & Beverage Management Co., Ltd. (“Liumang Yike”)		An associate of the Group (incorporated in 2019)
Guangzhou Misili Personal Care Products Co., Ltd. (“Misili”)		An associate of the Group (incorporated in 2019)
Shanxi Yunnong Logistic Management Co., Ltd. (“Yunnong”)		An associate of the Group (incorporated in 2019)
Zhejiang Zhengdao Fengju Supply Chain Management Co., Ltd. (“Zhengdao ”)*		An associate of the Group (incorporated in 2019)
Hangzhou Yuncheng Brand Management Co., Ltd. (“Yuncheng”)		An associate of the Group (incorporated in 2020)
Zhejiang Jimi E-commerce Co., Ltd. (“Jimi”)		An associate of the Group (incorporated in 2020)
Hangzhou Huaji Brand Marketing Management Co., Ltd. (“Huaji”)		An associate of the Group (incorporated in 2020)
Zhejiang Jibi Technology Co., Ltd. (“Jibi”)		An associate of the Group (incorporated in 2020)
Huzhou Boyun e-commerce Co., Ltd. (“Poyun”)		An associate of the Group (incorporated in 2020)
Yunmu Dairy (Jiangsu) Co., Ltd. (“Yunmu”)		An associate of the Group (incorporated in 2020)
Hangzhou Jiao sanitary products Co., Ltd. (“Ji’Ao ”)*		An associate of the Group (incorporated in 2020)
Hangzhou Xingsheng Brand Marketing Management Co., Ltd. (“Xingsheng”)		An associate of the Group (incorporated in 2020)
Hainan Yunding Supply Chain Management Co., Ltd. (“Yunding”)		An associate of the Group (incorporated in 2020)

*	The investments in these associates were disposed by the Group in 2021.

Details of related party balances and transactions as of December 31, 2019, 2020 and 2021 are as follows:

Advance to related parties and amounts due from related parties


	As of December 31,
	2020		2021
	RMB		RMB
Advance to related parties
Weixin		3,682		—

Amounts due from related parties
Jixi		3,012		1,112
Yuncheng		971		1,179
Others		176		241

		4,159		2,532

Total		7,841		2,532

Amounts due to related parties


	As of December 31,
	2020		2021
	RMB		RMB
Weixin		100		5,413
Xingsheng		343		1,515
Jixi		1,828		1,270
Yunnong		605		1,249
Bixin		3,423		1,150
Tianshi		840		1,037
Jimi		2,542		756
Jibi		466		749
Small Ye Group		967		691
Yuncheng		126		402
Poyun		309		455
Huaji		889		163
Zhengdao		2,227		—
Haomei		1,703		—
Zhaomu		4,180		—
Zhangtaihe		641		—
Others		1,800		780

		22,989		15,630

Schedule of transactions with related parties

The terms of the agreements the Group entered into with the related parties are comparable to the terms in

arm’s-length

transactions with third-party customers and vendors.

Transactions with related parties


	Year Ended December 31, 2019		Year Ended December 31, 2020		Year Ended December 31, 2021
	RMB		RMB		RMB
Purchase of merchandise
Jimi		—		—		17,519
Weixin		79,309		9,214		14,508
Yuncheng		—		2,239		13,147
Xingsheng		—		600		11,768
Tianshi		25,295		17,021		11,256
Bixin		69,311		31,825		7,637
Yunnong		8,006		21,453		4,301
Huaji		0		2,573		4,265
Siwei		5,626		7,710		2,441
Liumang Yike		—				1,498
Misili		8,230		3,315		1,091
Yunding		—		1,652		869
Poyun		—		—		801
Zhaomu		103,269		53,790		—
Zhengdao		31,418		28,372		—
Haomei		13,443		16,404		—
Yunmu		—		4,543		—
Ji’Ao		—		1,712		—
Langfei		3,507		1,117		—
Zhangtaihe		16,400		482		—
Small Ye Group		3,097		307		—
Others		431		946		1,014

		367,342		205,275		92,115


	Year Ended December 31, 2019		Year Ended December 31, 2020		Year Ended December 31, 2021
	RMB		RMB		RMB
Marketplace service provided to related parties
Jimi		—		2,379		5,637
Yuncheng		—		2,932		3,309
Bixin		373		2,759		2,322
Liumang Yike		301		227		49
Jibi		—		522		36
Zhangtaihe		—		876		—
Jixi		—		574		—
Others		91		701		730

		765		10,970		12,083

Other goods and services provided to related parties
Jimi		—		—		313
Yuncheng		—		171		208
Zhaomu		—		73		—
Weixin		—		58		—
Bixin		—		31		—
Others		—		60		18

		—		393		539