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OTHER PAYABLE AND ACCRUED LIABILITIES - Schedule of Accrued Liabilities and Other Payables (Details)
¥ in Thousands, $ in Thousands
Dec. 31, 2021
CNY (¥)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CNY (¥)
Supplier deposits [1] ¥ 51,181   ¥ 86,759
Merchants deposits [2] 56,335   68,903
IT related service fees 4,621   2,913
Accrued professional fees 8,030   9,106
Salaries and welfare payable 36,054   60,737
Taxes payable 26,396   19,044
Accrued marketing and other operational expenses 14,844   21,576
Refund payable to members 1,147   4,398
Others 4,178   11,548
Total other payable and accrued liabilities ¥ 202,786 $ 31,822 ¥ 284,984
[1] The deposit obtained from the suppliers is to ensure inventory level ready for the Group to purchase and good product quality under the Group’s sales of merchandise business model.
[2] The deposit obtained from the merchants is to ensure implementation of Yunji App’s platform policy and good product quality to be sold by the merchants on Yunji App under the Group’s marketplace business model. The deposit can be withdrawn immediately after the merchants terminate its online shop on Yunji App.