BUSINESS ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2025

BUSINESS ACQUISITION

Schedule of fair value of the assets acquired and the liabilities assumed


		Amount
		RMB
		(In thousands)
Purchase consideration		374,306

Net assets acquired		208,412
Identifiable intangible assets acquired
—Customer relationships		94,000
—Trademarks		91,000
—Technology		80,000
—Non-compete agreements		13,000
Goodwill		839
Non-controlling interests		(112,945)
Total		374,306