v3.26.1
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Compensation  
Schedule of Stock Option Activity

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Weighted

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Weighted

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Weighted

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Average

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Aggregate

 

Average

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Average

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Remaining

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Intrinsic

 

Grant-Date

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Number of

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Exercise

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Contractual

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Value of

 

Fair

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Options

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Price

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Term

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Options

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Value

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RMB

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RMB

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USD

Outstanding, as of January 1, 2025

 

106,800

 

7.4

 

0.2

 

232

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1.66

Forfeited

 

(1,467)

 

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0.84

Exercised

 

(34,998)

 

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3.36

Outstanding, as of December 31, 2025

 

70,335

 

10.5

 

0.1

 

—

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0.83

Vested as of December 31, 2025

 

70,335

 

10.5

 

0.1

 

—

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0.83

Exercisable as of December 31, 2025

 

70,335

 

10.5

 

0.1

 

—

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0.83

Schedule of restricted share units activities

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Number of

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restricted share

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Weighted-average

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units

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Grant-Date Fair Value

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RMB

Outstanding and unvested, as of December 31, 2024

 

3,272,202

 

15.12

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Granted

 

129,000

 

8.98

Vested

 

(1,114,722)

 

22.53

Forfeited

 

(1,204,680)

 

11.04

Outstanding and unvested, as of December 31, 2025

 

1,081,800

 

11.30

Schedule of Allocated Share-Based Compensation Expense

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For Year Ended December 31,

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2023

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2024

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2025

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RMB

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RMB

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RMB

Fulfillment

 

6,443

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4,885

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1,011

Sales and marketing

 

33,955

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19,943

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3,661

Technology and content

 

12,184

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11,290

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2,006

General and administrative

 

50,867

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45,483

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13,253

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103,449

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81,601

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19,931

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