ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

9. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

The components of accrued expenses and other current liabilities were as follows:


		As of December 31,
		2024				2025
		RMB				RMB
Salary and welfare payable			606,098				707,526
Accrued marketing expense			214,022				318,527
Other accrued expense			228,981				256,052
Refund liability (1)			127,969				125,813
Other tax payable			61,059				51,572
Other payables (2)			7,078				77,987
			1,245,207				1,537,477

(1)

Refund liability represents the estimated amounts of service fee received that is estimated to be refunded as described in Note 2.

(2)

Other payables include payable to the plaintiffs resulted from the putative securities class action as described in Note 4(4).