| Accrued Expenses and Other Payables |
11.ACCRUED EXPENSES AND OTHER PAYABLES The components of accrued expenses and other payables are as follows:
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As of December 31, |
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2024 |
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2025 |
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RMB |
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RMB |
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US$ |
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(in thousands) |
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Accrued expenses |
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1,633,122 |
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1,134,372 |
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162,213 |
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Accrued rebates |
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378,390 |
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322,434 |
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46,107 |
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Payroll and welfare payable |
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540,205 |
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498,511 |
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71,286 |
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Payable for share repurchase |
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140,279 |
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26,972 |
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3,857 |
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Operating lease liabilities - current portion |
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73,610 |
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39,207 |
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5,607 |
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VAT and surcharges payable |
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53,704 |
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58,798 |
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8,408 |
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Users’ and third parties’ deposits |
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45,942 |
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53,302 |
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7,622 |
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Payable for purchase of fixed assets |
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27,763 |
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18,582 |
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2,657 |
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Professional service fees |
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15,650 |
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13,510 |
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1,932 |
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Deposit from customers |
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9,240 |
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9,478 |
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1,355 |
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Payable for exercise of share-based awards |
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3,616 |
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5,548 |
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793 |
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Others |
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10,348 |
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11,782 |
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1,686 |
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2,931,869 |
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2,192,496 |
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313,523 |
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