| ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES |
16. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES | | | | | | | As of December 31, | | | 2024 | | 2025 | | | RMB | | RMB | | | | (in thousands) | Deposit related to home renovation and furnishing services | | 1,630,275 | | 1,304,835 | Deposit related to home rental services (i) | | 1,434,338 | | 1,550,187 | Deposit related to new home transaction services | | 1,151,475 | | 1,366,902 | Deposit related to franchise services | | 1,103,229 | | 1,241,484 | Other tax payables | | 436,496 | | 256,381 | Accrued operating expenses | | 366,454 | | 312,324 | Amounts collected and payable on behalf of others (ii) | | 115,160 | | 773,932 | Payable of share repurchase consideration | | 94,925 | | 56,778 | Payable related to employees’ exercise of share-based awards | | 41,481 | | 24,739 | Deferred guarantee revenue | | 23,360 | | 11,961 | Others | | 871,312 | | 688,554 | Total | | 7,268,505 | | 7,588,077 |
| (i) | Deposit related to home rental services represents the rental deposit collected from tenants under the original model of home rental services. |
| (ii) | Amounts collected and payable on behalf of others refer to home purchase considerations collected from property buyers that have not yet been remitted to property sellers, and rental and related deposits collected from tenants under the new model of home rental services that are held by the Company on behalf of the property owners. |
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