v3.26.1
Prepayments and Other Current Assets (Details)
¥ in Thousands, $ in Thousands
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Prepayments and Other Current Assets      
Prepayments for revenue sharing cost [1] ¥ 338,510   ¥ 305,818
Inventories, net 212,480   255,185
Prepayments for value-added tax 173,839   172,756
Deposits 170,579   138,561
Interest income receivable 102,365   78,343
Prepayments to inventory suppliers 66,408   39,584
Prepayments of marketing and other operational expenses 50,977   64,065
Prepayments for content cost 26,446   20,064
Prepayments /receivables relating to jointly invested content 19,508   2,250
Loans to investees or ongoing investments 66   21,465
Others 41,859   50,020
Total ¥ 1,203,037 $ 172,032 ¥ 1,148,111
[1] App stores retain commissions on each purchase made by the users through the App stores. The Group is also obligated to pay ongoing licensing fees in form of royalties to the third-party game developers. Licensing fees consist of fees that the Group pays to content owners for the use of licensed content, including trademarks and copyrights, in the development of games. Licensing fees are either paid in advance and recorded on the balance sheets as prepayments or accrued as incurred and subsequently paid. Additionally, the Group defers the revenue from licensed mobile games over the estimated average playing period of paying players given that there is an implied obligation to provide on-going services to end-users.