v3.26.1
Convertible Senior Notes (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Carrying Amount of Notes

The carrying amount of the Notes as of December 31, 2024 and 2025 were as follows:

 

 

As of December 31,

 

 

 

2024

 

 

2025

 

 

2025

 

 

 

RMB

 

 

RMB

 

 

US$

 

 

 

(In thousands)

 

Principal

 

 

8,161,394

 

 

 

7,583,276

 

 

 

1,084,394

 

Less: unamortized discount and debt issuance costs

 

 

(431,636

)

 

 

(587,823

)

 

 

(84,058

)

Net carrying amount

 

 

8,593,030

 

 

 

8,171,099

 

 

 

1,168,452

 

 

Schedule of Amounts of Interest Cost Recognized

For the years ended December 31, 2023, 2024 and 2025, the amounts of interest cost recognized were as follows:

 

 

 

For the years ended December 31,

 

 

 

2023

 

 

2024

 

 

2025

 

 

2025

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

 

 

(In thousands)

 

Contractual interest expense

 

 

644,143

 

 

 

571,193

 

 

 

461,967

 

 

 

66,060

 

Amortization of the discount and issuance costs

 

 

292,238

 

 

 

278,243

 

 

 

235,584

 

 

 

33,688

 

Total

 

 

936,381

 

 

 

849,436

 

 

 

697,551

 

 

 

99,748