v3.26.1
SHARE BASED COMPENSATION - Options granted to employees (Details)
$ / shares in Units, ¥ in Thousands
12 Months Ended 23 Months Ended 24 Months Ended
Jan. 25, 2021
shares
Jan. 18, 2019
shares
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2025
CNY (¥)
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2024
CNY (¥)
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2023
CNY (¥)
shares
Dec. 31, 2022
$ / shares
shares
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2022
$ / shares
shares
Dec. 31, 2021
Aggregated intrinsic value                            
Share-based compensation expense     $ 81,805,000 ¥ 573,148   ¥ 364,846   ¥ 239,506            
Legally granted shares | shares     49,426,728                      
2019 Plan                            
Number of options                            
Outstanding, at the beginning of period | shares     1,343,416 1,343,416 4,093,181 4,093,181 28,444,511 28,444,511            
Granted | shares   79,015,500 0 0 0 0 0 0            
Exercised | shares     (1,343,416) (1,343,416) (2,749,765) (2,749,765) (24,108,314) (24,108,314)            
Forfeit | shares             (243,016) (243,016)            
Outstanding, at the end of period | shares         1,343,416 1,343,416 4,093,181 4,093,181 28,444,511       28,444,511  
Fully vested and exercised at the end of period | shares     66,695,568                      
Weighted-average exercise price                            
Outstanding, at the beginning of period | $ / shares     $ 0.0002   $ 0.0002   $ 0.0002              
Exercised | $ / shares     0.0002   0.0002   0.0002              
Forfeit | $ / shares     0.0002   0.0002   0.0002              
Outstanding, at the end of period | $ / shares     0.0002   $ 0.0002   $ 0.0002   $ 0.0002       $ 0.0002  
Fully vested and exercised at the end of period | $ / shares     $ 0.0002                      
Weighted-average remaining contractual term                            
Weighted-average remaining contractual term of outstanding stock options         4 years 3 months 10 days 4 years 3 months 10 days 6 years 4 months 2 days 6 years 4 months 2 days 7 years 2 months 26 days          
Fully vested and exercised at the end of period     3 years 9 months 25 days 3 years 9 months 25 days                    
Aggregated intrinsic value                            
Exercised | $     $ 5,816,000   $ 86,175,000   $ 82,205,000              
Fully vested and exercised at the end of period | $     288,728,000                      
Share-based compensation expense | $     $ 0                      
Term (in years)   10 years                        
Vesting period (in years)   4 years               4 years 4 years 4 years    
2019 Plan | ADSs                            
Aggregated intrinsic value                            
Closing price | $ / shares     $ 33.5                      
2019 Plan | Ordinary shares                            
Aggregated intrinsic value                            
Closing price | $ / shares     $ 4.19                      
2019 Plan | First vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)                   40.00% 40.00% 25.00%    
2019 Plan | Second vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)                   40.00% 40.00% 25.00%   40.00%
2019 Plan | Third vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)                   10.00% 10.00% 25.00%    
2019 Plan | Fourth vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)                   10.00% 10.00% 25.00%    
2021 plan                            
Number of RSUs                            
Unvested, at the beginning of period | shares     3,198,440 3,198,440 1,378,632 1,378,632 4,184,296 4,184,296            
Granted | shares     25,123,272 25,123,272 20,414,456 20,414,456 10,551,248 10,551,248            
Vested | shares     (23,461,904) (23,461,904) (17,225,016) (17,225,016) (13,239,120) (13,239,120)            
Forfeited or cancelled | shares     (1,250,216) (1,250,216) (1,369,632) (1,369,632) (117,792) (117,792)            
Unvested, at the end of period | shares     3,609,592 3,609,592 3,198,440 3,198,440 1,378,632 1,378,632 4,184,296       4,184,296  
Weighted-Average Grant-Date Fair Value                            
Unvested, at the beginning of period | $ / shares     $ 2.74   $ 2.56   $ 1.23              
Granted | $ / shares     3.36   2.76   3.05              
Vested | $ / shares     3.26   2.76   2.52              
Forfeited or cancelled | $ / shares     3.37   2.76   3.08              
Unvested, at the end of period | $ / shares     3.44   2.74   2.56   $ 1.23       $ 1.23  
Aggregated intrinsic value                            
Total weighted average grant-date fair value RSUs (in US dollars per share) | $ / shares     $ 3.36   2.76   3.05              
Weighted average period of which unrecognized share-based compensation expense for share options granted, which are expected to be recognized     5 months 12 days 5 months 12 days                    
Term (in years) 10 years                          
Vesting period (in years)     4 years 4 years                    
2021 plan | ADSs                            
Aggregated intrinsic value                            
Maximum number of shares authorized | shares 27,846,154                          
2021 plan | Ordinary shares                            
Aggregated intrinsic value                            
Maximum number of shares authorized | shares 222,769,232                          
2021 plan | Scenario One | First vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)     15.00% 15.00%                    
2021 plan | Scenario One | Second vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)     25.00% 25.00%                    
2021 plan | Scenario One | Third vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)     25.00% 25.00%                    
2021 plan | Scenario One | Fourth vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)     35.00% 35.00%                    
2021 plan | Scenario Two | First vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)     25.00% 25.00%                    
2021 plan | Scenario Two | Second vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)     25.00% 25.00%                    
2021 plan | Scenario Two | Third vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)     25.00% 25.00%                    
2021 plan | Scenario Two | Fourth vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)     25.00% 25.00%                    
2021 plan | RSUs                            
Aggregated intrinsic value                            
Weighted average grant date fair value of options granted | $ / shares     $ 3.36   $ 2.76   $ 3.05              
Unrecognized share-based compensation expense for share options | $     $ 3,700,000                      
Vesting period (in years)                         1 year  
2021 plan | RSUs | Maximum                            
Aggregated intrinsic value                            
Vesting period (in years)             4 years 4 years            
2021 plan | RSUs | Minimum                            
Aggregated intrinsic value                            
Vesting period (in years)     2 years 2 years     2 years 2 years            
2021 plan | RSUs | First vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)     50.00% 50.00%                    
2021 plan | RSUs | Second vesting date                            
Aggregated intrinsic value                            
Vesting percentage (as a percent)     50.00% 50.00%