| Related Party Transactions |
16. | Related Party Transactions |
| | | Names of related parties | | Relationship with the Group | Tencent Group | | A shareholder of the Company | Ningbo Hexin Equity Investment Partnership | | Company controlled by one of the executive officers of the Company | Shanghai Fufeitong Information Service Co., Ltd. and its affiliates (“Fufeitong Group”) | | Company controlled by one of the executive officers of the Company |
(b) | Other than disclosed elsewhere, the Group had the following significant related party transactions for the years ended December 31, 2022, 2023 and 2024, respectively: |
| | | | | | | | | | | For the years ended December 31, | | | 2022 | | 2023 | | 2024 | | 2024 | | | RMB | | RMB | | RMB | | US$ | Services provided to: | | | | | | | | | Fufeitong Group | | 10,765 | | 4,272 | | — | | — | | | | | | | | | | Services received from: | | | | | | | | | Tencent Group | | 7,061,132 | | 7,182,496 | | 6,772,163 | | 927,782 | Fufeitong Group | | 653,972 | | 839,985 | | 902,266 | | 123,610 |
(c) | The Group had the following significant related party balances as of December 31, 2023 and 2024: |
| | | | | | | | | As of December 31, | | | 2023 | | 2024 | | 2024 | | | RMB | | RMB | | US$ | Amounts due from related parties: | | | | | | | Current: | | | | | | | Tencent Group* | | 3,516,220 | | 3,427,778 | | 469,604 | Ningbo Hexin Equity Investment Partnership ** | | 710,632 | | 710,632 | | 97,356 | Fufeitong Group*** | | 3,201,218 | | 3,430,770 | | 470,013 | | | | | | | | Amounts due to related parties: | | | | | | | Current: | | | | | | | Tencent Group | | 1,112,583 | | 669,635 | | 91,739 | Fufeitong Group | | 126,193 | | 132,224 | | 18,115 |
*The balance primarily represents receivables due from the online payment platform operated by Tencent Group. **The balance represents loans to Ningbo Hexin Equity Investment Partnership, an entity controlled by one of the executive officers of the Company. ***The balance primarily represents receivables due from the online payment platform operated by Fufeitong Group.
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