v3.26.1
Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-based compensation recognized in costs and expenses :

 

 

For the Years Ended December 31,

 

 

 

2023

 

 

2024

 

 

2025

 

 

 

RMB

 

 

RMB

 

 

RMB

 

Cost of revenues

 

 

1,737

 

 

 

798

 

 

 

17

 

Sales and marketing expenses

 

 

1,115

 

 

 

322

 

 

 

—

 

General and administrative expenses

 

 

273

 

 

 

321

 

 

 

—

 

Technology and product development expenses

 

 

588

 

 

 

101

 

 

 

—

 

Total

 

 

3,713

 

 

 

1,542

 

 

 

17

 

Summary of share option activities

A summary of the Company’s share option activities for the years ended December 31, 2023, 2024 and 2025 is presented below:

 

 

 

 

 

Weighted

 

 

Weighted
Average

 

 

 

 

 

 

Number of

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Options

 

 

Exercise Price

 

 

Contractual Life

 

 

Intrinsic Value

 

 

 

 

 

 

US$

 

 

Years

 

 

US$ in Million

 

Outstanding as of January 1, 2023

 

 

41,475,503

 

 

 

0.40

 

 

 

4.8

 

 

 

—

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Forfeited and expired

 

 

(17,378,280

)

 

 

0.42

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

—

 

 

 

 

 

 

—

 

Outstanding as of December 31, 2023

 

 

24,097,223

 

 

 

0.38

 

 

 

5.1

 

 

 

—

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Forfeited and expired

 

 

(2,671,223

)

 

 

0.45

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

—

 

 

 

 

 

 

—

 

Outstanding as of December 31, 2024

 

 

21,426,000

 

 

 

0.37

 

 

 

4.6

 

 

 

—

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Forfeited and expired

 

 

(2,715,000

)

 

 

0.26

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

—

 

 

 

 

 

 

—

 

Outstanding as of December 31, 2025

 

 

18,711,000

 

 

 

0.38

 

 

 

3.6

 

 

 

—

 

Exercisable as of December 31, 2025

 

 

18,711,000

 

 

 

0.38

 

 

 

3.6

 

 

 

—

 

Vested and expected to vest as of December 31, 2025

 

 

18,711,000

 

 

 

0.38

 

 

 

3.6

 

 

 

—