Prepayments and Other Current Assets, net

12 Months Ended

Dec. 31, 2025

Prepayments and Other Current Assets, net

Prepayments and Other Current Assets, net

4.	Prepayments and Other Current Assets, net

The following is a summary of prepayments and other current assets, net (in thousands):


		December 31,		December 31,
		2024		2025
		RMB		RMB
Prepayment for royalties, revenue sharing cost		2,522,296		2,480,095
Deposits		91,576		1,629,518
Interest receivable		1,934,920		1,265,581
Prepayments of content and marketing cost and other operational expenses		485,587		738,329
Prepayment for deductible value added tax and refundable subsidy		603,670		703,275
Receivable within one year related to disposal of investments		529,051		508,468
Bridge loans in connection with ongoing investments		13,196		79,259
Employee advances		51,652		46,412
Advance to suppliers		40,852		9,344
Others		144,068		198,065
		6,416,868		7,658,346

As of December 31, 2024 and 2025, prepayments for royalties and revenue sharing cost mainly represented prepaid royalties or revenue sharing cost related to game distribution and operations of online games. As of December 31, 2025, deposits mainly represented the prepaid amount related to the purchase of equity securities.

The amount of employee advances listed above included staff housing loan balances of RMB12.1 million and RMB7.3 million repayable within 12 months from December 31, 2024 and 2025 respectively (see Note 10). No advances were made directly or indirectly to the Group’s executive officers for their personal benefit for the years ended December 31, 2024 and 2025.