6. Prepayments and other current assets Prepayments and other current assets consist of the following: | | | | | | | As of December 31, | | | 2024 | | 2025 | | | RMB | | RMB | Rebate receivable from suppliers | | 168,406 | | 148,720 | Value-added tax (“VAT”) recoverable | | 140,798 | | 81,027 | Prepaid expenses | | 203,298 | | 169,377 | Deposits (1) | | 90,018 | | 88,848 | Interest receivables | | 53,833 | | 42,788 | Employee advances (2) | | 10,362 | | 8,193 | Others | | 57,376 | | 37,031 | | | | | | Prepayment and other current assets | | 724,091 | | 575,984 |
| (1) | Deposits represent rental deposits and deposits paid to third-party platforms. |
| (2) | Employee advances represent cash advanced to online store managers for store daily operation, such as online store promotion activities. |
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