Prepayments, receivables and other current assets and other non-current assets (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Prepayments, receivables and other current assets and other non-current assets |
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| Schedule of prepayments, receivables and other current assets |
| | | | | | | | | As of December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Loan receivables(a) | | 8,679,730 | | 9,689,517 | | 11,412,110 | Short-term debt investments | | 1,096,739 | | 1,689,073 | | 2,825,792 | Deposits and receivables from partners | | 1,253,330 | | 856,230 | | 1,760,261 | Prepayment and prepaid expense | | 905,086 | | 712,568 | | 923,011 | Deductible VAT-input | | 1,023,024 | | 684,338 | | 706,645 | Prepaid income tax | | 381,488 | | 314,196 | | 452,027 | Contingent consideration assets | | 239,557 | | 4,284 | | 8,342 | Others | | 771,977 | | 589,584 | | 375,330 | Total | | 14,350,931 | | 14,539,790 | | 18,463,518 |
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| Schedule of other non-current assets |
| | | | | | | | | As of December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Loan receivables(a) | | — | | 857,309 | | 660,222 | Deductible VAT-input | | 1,116,686 | | 1,228,297 | | 1,297,114 | Prepayments for property and equipment, long-term investments and other non‑current assets | | 409,469 | | 31,321 | | 581,591 | Deposits and receivables from partners | | 162,156 | | 144,052 | | 114,931 | Contingent consideration assets | | 10,811 | | 4,605 | | 2,632 | Long-term debt investments | | 258,590 | | 1,289,252 | | 557,029 | Others | | 22,338 | | 23,773 | | 152,794 | Total | | 1,980,050 | | 3,578,609 | | 3,366,313 |
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| Schedule of loans receivable |
| | | | | | | | | As of December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Loan receivables at amortized cost (Note 4.1.2(d)) | | 9,829,675 | | 12,591,317 | | 9,969,579 | Less: allowance for impairment (Note 4.1.2(d)) | | (1,149,945) | | (2,044,491) | | (2,496,846) | | | 8,679,730 | | 10,546,826 | | 7,472,733 | Loan receivables at fair value through other comprehensive income (Note 4.1.2(d)) | | — | | — | | 4,775,252 | Less: fair value changes of loan receivables (Note 4.3.3) | | — | | — | | (175,653) | | | — | | — | | 4,599,599 | Allowances for impairment losses on loan receivables at fair value through other comprehensive income (Note 4.1.2(d)) | | — | | — | | (773,731) |
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