v3.26.1
Accrued Expenses and Other Current Liabilities
12 Months Ended
Dec. 31, 2025
Accrued Liabilities, Current [Abstract]  
Accrued Expenses and Other Current Liabilities

11. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities are comprised of (in thousands):

 

 

As of December 31,

 

 

 

2024

 

 

2025

 

 

 

RMB

 

 

RMB

 

Deposits from advertising agencies and customers

 

 

9,775

 

 

 

9,609

 

Accrued professional fees

 

 

6,108

 

 

 

4,019

 

Advertising and promotion expenses payables and accruals

 

 

76

 

 

 

83

 

General operating expenses payables and accruals

 

 

30,315

 

 

 

25,039

 

Deposits from potential house buyers

 

 

6,889

 

 

 

5,569

 

Others

 

 

12,545

 

 

 

12,463

 

Total

 

 

65,708

 

 

 

56,782

 

As the agent of real estate developers, the Group sells coupons issued by real estate developers that enable individual property buyers to purchase specified properties from real estate developers at a discounted price. Coupons purchase price are collected initially by the Group upfront from the property buyers, and subsequently, the coupon purchase price will be remitted to the real estate developers when property buyers use the coupons to purchase the specified properties, or will be refunded to property buyers if they decide not to buy. The coupons purchase price paid by the property buyers are recorded in accrued expenses and other current liabilities in the Group's consolidated balance sheets. The Group recognizes revenues on a net basis when property buyers use the coupons to purchase the specified properties.