v3.25.1
CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 57,768,053 $ 7,914,191 ¥ 59,794,469
Restricted cash 68,426,368 9,374,374 61,985,436
Receivables from online payment platforms 3,679,309 504,063 3,914,117
Short-term investments 273,791,856 37,509,330 157,415,365
Amounts due from related parties 7,569,180 1,036,973 7,428,070
Prepayments and other current assets 4,413,466 604,643 4,213,015
Total current assets 415,648,232 56,943,574 294,750,472
Non-current assets      
Property, equipment and software, net 879,327 120,467 979,597
Intangible assets 19,170 2,626 21,148
Right-of-use assets 5,064,351 693,813 4,104,889
Deferred tax assets 15,998 2,192 270,738
Other non-current assets 83,407,238 11,426,745 47,951,276
Total non-current assets 89,386,084 12,245,843 53,327,648
Total Assets 505,034,316 69,189,417 348,078,120
Current liabilities (including amounts of the VIE and its subsidiaries without recourse to the primary beneficiary of RMB94,196,915 and RMB99,001,888 (US$13,563,203) as of December 31, 2023 and 2024, respectively)      
Amounts due to related parties 801,859 109,854 1,238,776
Customer advances and deferred revenues 2,947,041 403,743 2,144,610
Payable to merchants 91,655,947 12,556,813 74,997,252
Accrued expenses and other liabilities 69,141,831 9,472,391 55,351,399
Merchant deposits 16,460,600 2,255,093 16,878,746
Convertible bonds, current portion 5,309,597 727,412 648,570
Lease liabilities 2,105,978 288,518 1,641,548
Total current liabilities 188,422,853 25,813,824 152,900,901
Non-current liabilities (including amounts of the VIE and its subsidiaries without recourse to the primary beneficiary of RMB239,982 and RMB443,132 (US$60,709) as of December 31, 2023 and 2024, respectively)      
Convertible bonds     5,231,523
Lease liabilities 3,191,565 437,243 2,644,260
Deferred tax liabilities 106,774 14,628 59,829
Total non-current liabilities 3,298,339 451,871 7,935,612
Total liabilities 191,721,192 26,265,695 160,836,513
Commitments and contingencies
Shareholders' equity      
Class A ordinary shares (US$0.000005 par value; 77,300,000,000 shares authorized, 5,503,491,148 and 5,568,585,848 shares issued and outstanding as of December 31, 2023 and 2024, respectively) 180 25 177
Additional paid-in capital 117,829,308 16,142,549 107,293,091
Statutory reserves 237,680 32,562 105,982
Accumulated other comprehensive income 7,824,545 1,071,958 4,723,760
Retained earnings 187,421,411 25,676,628 75,118,597
Total shareholders' equity 313,313,124 42,923,722 187,241,607
Total liabilities and shareholders' equity ¥ 505,034,316 $ 69,189,417 ¥ 348,078,120