Accounts receivable, net of allowance of RMB90,626 and RMB107,191 (US$15,328) as of December 31, 2024 and 2025, respectively
Prepayments and other assets
Amounts due from related parties
Interest receivable from related parties
Related Party
Total interest receivable from related parties
Licensed copyrights, net
Total current assets
Non-current assets:
Fixed assets, net
Long-term investments
Deferred tax assets, net
Licensed copyrights, net
Intangible assets, net
Produced content, net
Prepayments and other assets
Operating lease assets
Goodwill
Amounts due from related parties
Total non-current assets
Total assets
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities (including current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB12,435,742 and RMB12,443,908 (US$1,779,455) as of December 31, 2024 and 2025, respectively):
Accounts payable
Accounts and notes payable
Amounts due to related parties
Customer advances and deferred revenue
Short-term loans
Long-term loans, current portion
Convertible senior notes, current portion
Operating lease liabilities, current portion
Accrued expenses
Other liabilities
Related Party
Nonrelated Party
Total other liabilities
Total current liabilities
Non-current liabilities (including non-current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB2,349,005 and RMB4,256,563 (US$608,681) as of December 31, 2024 and 2025, respectively):
Long-term loans
Convertible senior notes
Deferred tax liabilities
Amounts due to related parties
Operating lease liabilities
Other non-current liabilities
Related Party
Nonrelated Party
Total other non-current liabilities
Total non-current liabilities
Total liabilities
Redeemable convertible preferred shares, value
Series A Redeemable Convertible Preferred Shares
Series A-1 Redeemable Convertible Preferred Shares
Series B Redeemable Convertible Preferred Shares
Series C Redeemable Convertible Preferred Shares
Series D Redeemable Convertible Preferred Shares
Series E Redeemable Convertible Preferred Shares
Series F Redeemable Convertible Preferred Shares
Series G Redeemable Convertible Preferred Shares
Total redeemable convertible preferred shares, value
