2022 Q4 Form 20-F Financial Statement

#000095017023013162 Filed on April 18, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q1 2022
Revenue $2.981B $2.207B $9.869B
YoY Change 22.39% 45.7% 26.85%
Cost Of Revenue $2.645B $1.936B $8.720B
YoY Change 26.54% 46.83% 28.28%
Gross Profit $335.7M $270.3M $1.149B
YoY Change -2.76% 38.09% 16.94%
Gross Profit Margin 11.26% 12.25% 11.65%
Selling, General & Admin $581.9M $267.0M $1.414B
YoY Change 38.33% 5.96% -13.81%
% of Gross Profit 173.33% 98.79% 123.01%
Research & Development $52.88M $61.96M $221.5M
YoY Change -14.66% 11.64% -16.28%
% of Gross Profit 15.75% 22.93% 19.27%
Depreciation & Amortization $90.33M $87.34M $359.1M
YoY Change -68.51% 0.48% -3.93%
% of Gross Profit 26.91% 32.31% 31.24%
Operating Expenses $726.4M $405.0M $1.953B
YoY Change 54.19% 31.88% 4.0%
Operating Profit -$390.7M -$134.8M -$803.7M
YoY Change 210.34% 20.98% -10.2%
Interest Expense $1.883M $721.0K $11.62M
YoY Change 525.58% -123.02% -238.17%
% of Operating Profit
Other Income/Expense, Net -$13.68M -$38.62M $38.79M
YoY Change -62.83% -4325.71% -214.54%
Pretax Income -$2.222B -$172.7M -$2.573B
YoY Change 1142.32% 51.98% 169.78%
Income Tax -$71.48M -$13.11M -$111.8M
% Of Pretax Income
Net Earnings -$2.151B -$161.4M -$2.468B
YoY Change 1975.77% 70.24% 202.24%
Net Earnings / Revenue -72.16% -7.31% -25.01%
Basic Earnings Per Share -$15.16
Diluted Earnings Per Share -$13.23 -$992.5K -$15.16
COMMON SHARES
Basic Shares Outstanding 162.8M
Diluted Shares Outstanding 162.8M

Balance Sheet

Concept 2022 Q4 2022 Q1 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.486B $2.007B $2.486B
YoY Change 33.16% 205.3% 33.16%
Cash & Equivalents $1.704B $1.127B $1.704B
Short-Term Investments $782.2M $880.0M $782.2M
Other Short-Term Assets $539.1M $777.0M $539.1M
YoY Change -45.55% 76.96% -39.9%
Inventory $433.5M $667.8M $433.5M
Prepaid Expenses
Receivables $150.6M $150.6M
Other Receivables $531.3M $531.3M
Total Short-Term Assets $3.890B $4.169B $3.890B
YoY Change -6.28% 122.72% -6.28%
LONG-TERM ASSETS
Property, Plant & Equipment $118.6M $102.1M $118.6M
YoY Change 14.21% 57.19% -31.62%
Goodwill $1.803B
YoY Change
Intangibles $78.97M
YoY Change -92.66%
Long-Term Investments $219.6M $237.7M $219.6M
YoY Change -9.09% 126.69% -9.09%
Other Assets $275.7M $105.1M $275.7M
YoY Change 116.57% 540.3% 377.82%
Total Long-Term Assets $1.159B $3.243B $1.159B
YoY Change -65.44% -1.11% -65.44%
TOTAL ASSETS
Total Short-Term Assets $3.890B $4.169B $3.890B
Total Long-Term Assets $1.159B $3.243B $1.159B
Total Assets $5.049B $7.412B $5.049B
YoY Change -32.71% 43.88% -32.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.34M $74.97M $73.34M
YoY Change 77.52% 70.57% 77.52%
Accrued Expenses $582.0M $444.1M $582.0M
YoY Change 44.62% -15.04% 80.38%
Deferred Revenue $28.33M
YoY Change -86.64%
Short-Term Debt $124.0M $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $124.0M $154.4M $124.0M
YoY Change 30.51% -56.16% 30.51%
Total Short-Term Liabilities $1.022B $998.0M $1.022B
YoY Change 23.96% -7.57% 23.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $33.52M $35.51M $33.52M
YoY Change -2.83% -2.83%
Total Long-Term Liabilities $33.52M $35.51M $33.52M
YoY Change -2.83% 60.28% -2.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.022B $998.0M $1.022B
Total Long-Term Liabilities $33.52M $35.51M $33.52M
Total Liabilities $1.167B $1.244B $1.167B
YoY Change 7.83% -12.7% 7.83%
SHAREHOLDERS EQUITY
Retained Earnings -$1.306B
YoY Change -80.03%
Common Stock $1.904B
YoY Change -85.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.882B $6.169B $3.882B
YoY Change
Total Liabilities & Shareholders Equity $5.049B $7.412B $5.049B
YoY Change -32.71% 43.88% -32.71%

Cashflow Statement

Concept 2022 Q4 2022 Q1 2022
OPERATING ACTIVITIES
Net Income -$2.151B -$161.4M -$2.468B
YoY Change 1975.77% 70.24% 202.24%
Depreciation, Depletion And Amortization $90.33M $87.34M $359.1M
YoY Change -68.51% 0.48% -3.93%
Cash From Operating Activities $127.8M
YoY Change -112.55%
INVESTING ACTIVITIES
Capital Expenditures $8.911M
YoY Change -112.05%
Acquisitions -$4.331M
YoY Change
Other Investing Activities -$455.2M
YoY Change -23.68%
Cash From Investing Activities -$74.91M
YoY Change -88.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.97M
YoY Change -101.18%
NET CHANGE
Cash From Operating Activities 127.8M
Cash From Investing Activities -74.91M
Cash From Financing Activities -26.97M
Net Change In Cash 28.56M
YoY Change -95.25%
FREE CASH FLOW
Cash From Operating Activities $127.8M
Capital Expenditures $8.911M
Free Cash Flow $118.9M
YoY Change -112.59%

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-12993000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18413000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2668000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
507293000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
588266000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
196984000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
28560000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
411083000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
918376000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1506642000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
218443000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
918376000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1506642000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1703626000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
247003000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
918076000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1356342000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1703626000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
247003000
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
300000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
150300000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
918376000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1506642000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1703626000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
247003000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
21090000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
16778000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
6163000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
894000
CY2021 rere Cash Paid For Amounts Included In Measurement Of Operating Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities
37119000
CY2022 rere Cash Paid For Amounts Included In Measurement Of Operating Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities
56646000
CY2022 rere Cash Paid For Amounts Included In Measurement Of Operating Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities
8213000
CY2021 rere Non Cash Right Of Use Assets Obtained In Exchange For Operating Lease Liabilities
NonCashRightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilities
72913000
CY2022 rere Non Cash Right Of Use Assets Obtained In Exchange For Operating Lease Liabilities
NonCashRightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilities
62609000
CY2022 rere Non Cash Right Of Use Assets Obtained In Exchange For Operating Lease Liabilities
NonCashRightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilities
9077000
CY2020 rere Accretion On Convertible Redeemable Preferred Shares
AccretionOnConvertibleRedeemablePreferredShares
1304498000
CY2021 rere Accretion On Convertible Redeemable Preferred Shares
AccretionOnConvertibleRedeemablePreferredShares
508627000
CY2021 rere Exercise Of Warrant
ExerciseOfWarrant
10345000
CY2020 rere Cash Payable For Preferred Shares Issuance Costs
CashPayableForPreferredSharesIssuanceCosts
15618000
CY2021 rere Cash Payable For Preferred Shares Issuance Costs
CashPayableForPreferredSharesIssuanceCosts
5220000
CY2021 us-gaap Contribution Of Property
ContributionOfProperty
3258000
CY2022 us-gaap Contribution Of Property
ContributionOfProperty
8193000
CY2022 us-gaap Contribution Of Property
ContributionOfProperty
1188000
CY2021 rere Receivable From Long Term Investments
ReceivableFromLongTermInvestments
22315000
CY2022 rere Business Cooperation Agreement Initial Term
BusinessCooperationAgreementInitialTerm
P10Y
CY2022 rere Equity Interest In Former Variable Interest Entities
EquityInterestInFormerVariableInterestEntities
1
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">2.3 Use of Estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:5.667%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. Actual results could differ materially from such estimates. Significant accounting estimates reflected in the Group’s consolidated financial statements include valuation of convertible redeemable preferred shares, convertible bonds, and share-based compensation, assessment for impairment of long-lived assets, including intangible assets, deferred cost, goodwill and long-term investments, fair value of assets and liabilities acquired in business combination, discount rate of operating lease liabilities, inventory provision, estimating the current expected credit losses on financial assets, depreciable lives of property and equipment, and useful life of intangible assets and realization of deferred tax assets.</span></p>
CY2022Q4 rere Calculated Rate Per Shares
CalculatedRatePerShares
6.8972
CY2020 rere Inventory Provision
InventoryProvision
0
CY2021 rere Inventory Provision
InventoryProvision
2595000
CY2022 rere Inventory Provision
InventoryProvision
8931000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
150621000
CY2020 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
6449000
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1819926000
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
17228000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
206925000
CY2020 us-gaap Debt And Equity Securities Unrealized Gain Loss Excluding Other Than Temporary Impairment
DebtAndEquitySecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairment
0
CY2021 us-gaap Debt And Equity Securities Unrealized Gain Loss Excluding Other Than Temporary Impairment
DebtAndEquitySecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairment
467000
CY2022 us-gaap Debt And Equity Securities Unrealized Gain Loss Excluding Other Than Temporary Impairment
DebtAndEquitySecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairment
0
CY2020 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
12186000
CY2020 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
3500000
CY2021 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
16500000
CY2022 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0
CY2020 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0
CY2021 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
12094000
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
36432000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
211964000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
195369000
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
25606000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
33884000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
211964000
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
0
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
0
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
0
CY2022 rere Merchandise Costs Policy Text Bock
MerchandiseCostsPolicyTextBock
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">2.18 Merchandise costs</span></p><p style="text-indent:5.667%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Merchandise costs primarily consists of cost of acquired products and inbound shipping charges.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:9.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> </span></p>
CY2020 us-gaap Advertising Expense
AdvertisingExpense
19101000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
82340000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
82921000
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
51834000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
93142000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
101204000
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">2.30 Certain risks and concentrations</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:5.667%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The revenues and expenses of the Group’s entities in the PRC are generally denominated in RMB and their assets and liabilities are denominated in RMB. The RMB is not freely convertible into foreign currencies. Remittances of foreign currencies into the PRC or remittances of RMB out of the PRC as well as exchange between RMB and foreign currencies require approval by foreign exchange administrative authorities and certain supporting documentation. The State Administration for Foreign Exchange, under the authority of the People’s Bank of China, controls the conversion of RMB into other currencies. </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">No</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> customer individually represents greater than </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">10</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of the total net revenues.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:5.667%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash and cash equivalents, other receivable, net, short-term investments, amount due from a related party and funds receivable from third party payment service providers. The Group places its cash and cash equivalents, short-term investments with financial institutions with high-credit ratings and quality. Amount due from a related party and funds receivable from third party payment service providers primarily comprise of the receivable from customers, where the amount is under the Group’s name on these online platforms. Due to the nature of the arrangement, the Group considers there to be no collection risks. Other receivables, net mainly consists of customer deposit where the Group paid on behalf of the business buyers for the purchase deposit. The Group conducts credit evaluations on vendors and require certain amounts of security deposits from them to manage its credit risk.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:9.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> </span></p>
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
26880000
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
35797000
CY2021Q4 rere Customer Deposits Prepaid
CustomerDepositsPrepaid
232500000
CY2022Q4 rere Customer Deposits Prepaid
CustomerDepositsPrepaid
73861000
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
17228000
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
150621000
CY2021Q4 us-gaap Supplies
Supplies
297383000
CY2022Q4 us-gaap Supplies
Supplies
73475000
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
75885000
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
99547000
CY2021Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
65924000
CY2022Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
52345000
CY2021Q4 rere Cash Advanced To Staff
CashAdvancedToStaff
33992000
CY2022Q4 rere Cash Advanced To Staff
CashAdvancedToStaff
39130000
CY2021Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
91245000
CY2022Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
87065000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
935000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2358000
CY2022Q4 rere Deferred Cost Accumulated Impairment Loss
DeferredCostAccumulatedImpairmentLoss
70406000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
840102000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
539077000
CY2022 rere Impairment Loss On Deferred Costs
ImpairmentLossOnDeferredCosts
70406000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
234728000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
277204000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
137087000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
166244000
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
6202000
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
7640000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
103843000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
118600000
CY2020 us-gaap Depreciation
Depreciation
45659000
CY2021 us-gaap Depreciation
Depreciation
36670000
CY2022 us-gaap Depreciation
Depreciation
45815000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1985787000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1985787000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
909976000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1234212000
CY2022Q4 rere Finite Lived Intangible Assets Accumulated Impairment Loss
FiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
206925000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1075811000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
544650000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
315122000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
317795000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
324236000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
274015000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
197141000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
62836000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3114000
CY2022Q4 rere Finite Lived Intangible Assets Amortization Expense Year Five And Thereafter
FiniteLivedIntangibleAssetsAmortizationExpenseYearFiveAndThereafter
7543000
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
206925000
CY2021Q4 us-gaap Long Term Investments
LongTermInvestments
241527000
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
219583000
CY2020Q4 us-gaap Goodwill
Goodwill
1803415000
CY2022Q1 us-gaap Goodwill
Goodwill
1803415000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
16511000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1819926000
CY2021Q4 us-gaap Goodwill
Goodwill
1803415000
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1819926000
CY2021Q4 us-gaap Short Term Borrowings
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CY2022Q4 us-gaap Short Term Borrowings
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CY2021 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0608
CY2022 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0454
CY2022 us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
The Group is subject to certain financial covenants under its credit facilities agreements and the Group was in compliance with all of its debt covenants as of December 31, 2021 and 2022.
CY2021 us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
The Group is subject to certain financial covenants under its credit facilities agreements and the Group was in compliance with all of its debt covenants as of December 31, 2021 and 2022.
CY2021Q4 us-gaap Deposit Liability Current
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79787000
CY2022Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
151167000
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
38209000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
90407000
CY2021Q4 rere Fulfillment Payable Current
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49190000
CY2022Q4 rere Fulfillment Payable Current
FulfillmentPayableCurrent
96668000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
35948000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
46426000
CY2021Q4 rere Collection On Behalf Of Others Current
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29167000
CY2022Q4 rere Collection On Behalf Of Others Current
CollectionOnBehalfOfOthersCurrent
23305000
CY2021Q4 us-gaap Other Liabilities Current
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64326000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
41516000
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
296627000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
449489000
CY2021 rere Effective Income Tax Rate Reconciliation Super Deduction On Technology And Content Expenses
EffectiveIncomeTaxRateReconciliationSuperDeductionOnTechnologyAndContentExpenses
0.0283
CY2022 rere Effective Income Tax Rate Reconciliation Super Deduction On Technology And Content Expenses
EffectiveIncomeTaxRateReconciliationSuperDeductionOnTechnologyAndContentExpenses
0.0068
CY2020 rere Effective Income Tax Rate Reconciliation Effect Of Preferential Tax Rate For High Tech Enterprises
EffectiveIncomeTaxRateReconciliationEffectOfPreferentialTaxRateForHighTechEnterprises
-0.0616
CY2021 rere Effective Income Tax Rate Reconciliation Effect Of Preferential Tax Rate For High Tech Enterprises
EffectiveIncomeTaxRateReconciliationEffectOfPreferentialTaxRateForHighTechEnterprises
0.0625
CY2022 rere Effective Income Tax Rate Reconciliation Effect Of Preferential Tax Rate For High Tech Enterprises
EffectiveIncomeTaxRateReconciliationEffectOfPreferentialTaxRateForHighTechEnterprises
-0.0184
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0133
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0185
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0201
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0020
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-456596000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-882229000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-2616828000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-71618000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
43579000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-510412000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2573249000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
43000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-47320000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-143863000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-111826000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-47320000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-143863000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-111783000
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2500
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2500
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2500
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.0275
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.1186
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
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CY2020 rere Effective Income Tax Rate Reconciliation Super Deduction On Technology And Content Expenses
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0.0352
CY2021 rere Effective Income Tax Rate Reconciliation Effect Of Expired Tax Loss
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.0942
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.0462
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.0097
CY2020 rere Effective Income Tax Rate Reconciliation True Up
EffectiveIncomeTaxRateReconciliationTrueUp
0.0021
CY2021 rere Effective Income Tax Rate Reconciliation True Up
EffectiveIncomeTaxRateReconciliationTrueUp
-0.0013
CY2022 rere Effective Income Tax Rate Reconciliation True Up
EffectiveIncomeTaxRateReconciliationTrueUp
-0.0029
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0927
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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0.1508
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020 rere Preferential Tax Rate Effect
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31460000
CY2021 rere Preferential Tax Rate Effect
PreferentialTaxRateEffect
-59594000
CY2022 rere Preferential Tax Rate Effect
PreferentialTaxRateEffect
47273000
CY2020 rere Preferential Tax Rate Effect Per Share
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-1.68
CY2021 rere Preferential Tax Rate Effect Per Share
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0.62
CY2022 rere Preferential Tax Rate Effect Per Share
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-0.29
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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283378000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
278980000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
276958000
CY2020Q4 rere Deferred Tax Assets Deductible Temporary Differences
DeferredTaxAssetsDeductibleTemporaryDifferences
32982000
CY2021Q4 rere Deferred Tax Assets Deductible Temporary Differences
DeferredTaxAssetsDeductibleTemporaryDifferences
59598000
CY2022Q4 rere Deferred Tax Assets Deductible Temporary Differences
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83132000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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375000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
250000
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
649000
CY2022Q4 us-gaap Deferred Tax Assets Inventory
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689000
CY2021Q4 rere Deferred Tax Assets Unrealized Fair Value Losses For Certain Investments
DeferredTaxAssetsUnrealizedFairValueLossesForCertainInvestments
438000
CY2022Q4 rere Deferred Tax Assets Unrealized Fair Value Losses For Certain Investments
DeferredTaxAssetsUnrealizedFairValueLossesForCertainInvestments
3808000
CY2021Q4 rere Deferred Tax Assets Impairment Loss Of Long Term Investments
DeferredTaxAssetsImpairmentLossOfLongTermInvestments
4125000
CY2022Q4 rere Deferred Tax Assets Impairment Loss Of Long Term Investments
DeferredTaxAssetsImpairmentLossOfLongTermInvestments
3047000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
316360000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
344165000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
367884000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
316360000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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344165000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
367884000
CY2020Q4 rere Deferred Tax Liabilities Identifiable Intangible Assets And Deferred Cost Acquired
DeferredTaxLiabilitiesIdentifiableIntangibleAssetsAndDeferredCostAcquired
341960000
CY2021Q4 rere Deferred Tax Liabilities Identifiable Intangible Assets And Deferred Cost Acquired
DeferredTaxLiabilitiesIdentifiableIntangibleAssetsAndDeferredCostAcquired
223138000
CY2022Q4 rere Deferred Tax Liabilities Identifiable Intangible Assets And Deferred Cost Acquired
DeferredTaxLiabilitiesIdentifiableIntangibleAssetsAndDeferredCostAcquired
111312000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
341960000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
223138000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
111312000
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
5699315
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
34000000
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
217900000
CY2020Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
268534000
CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
316360000
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
344165000
CY2020 rere Deferred Tax Asset Valuation Allowance Additions Net Of Foreign Exchange Impacts
DeferredTaxAssetValuationAllowanceAdditionsNetOfForeignExchangeImpacts
47826000
CY2021 rere Deferred Tax Asset Valuation Allowance Additions Net Of Foreign Exchange Impacts
DeferredTaxAssetValuationAllowanceAdditionsNetOfForeignExchangeImpacts
27805000
CY2022 rere Deferred Tax Asset Valuation Allowance Additions Net Of Foreign Exchange Impacts
DeferredTaxAssetValuationAllowanceAdditionsNetOfForeignExchangeImpacts
23719000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
316360000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
344165000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
367884000
CY2020Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1155441000
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1199251000
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1140585000
CY2020 rere Percentage Of Tax Withholding Rate If The Investor Holds At Least Twenty Five Percent In Foreign Invested Enterprises
PercentageOfTaxWithholdingRateIfTheInvestorHoldsAtLeastTwentyFivePercentInForeignInvestedEnterprises
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CY2021 rere Percentage Of Tax Withholding Rate If The Investor Holds At Least Twenty Five Percent In Foreign Invested Enterprises
PercentageOfTaxWithholdingRateIfTheInvestorHoldsAtLeastTwentyFivePercentInForeignInvestedEnterprises
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CY2022 rere Percentage Of Tax Withholding Rate If The Investor Holds At Least Twenty Five Percent In Foreign Invested Enterprises
PercentageOfTaxWithholdingRateIfTheInvestorHoldsAtLeastTwentyFivePercentInForeignInvestedEnterprises
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CY2022 rere Percentage Of Tax Withholding Rate If The Investor Holds Less Than Twenty Five Percent In Foreign Invested Enterprises
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CY2021 rere Percentage Of Tax Withholding Rate If The Investor Holds Less Than Twenty Five Percent In Foreign Invested Enterprises
PercentageOfTaxWithholdingRateIfTheInvestorHoldsLessThanTwentyFivePercentInForeignInvestedEnterprises
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CY2020 rere Percentage Of Tax Withholding Rate If The Investor Holds Less Than Twenty Five Percent In Foreign Invested Enterprises
PercentageOfTaxWithholdingRateIfTheInvestorHoldsLessThanTwentyFivePercentInForeignInvestedEnterprises
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CY2022Q4 rere Accrued Deferred Tax Liabilities
AccruedDeferredTaxLiabilities
0
CY2021Q4 rere Accrued Deferred Tax Liabilities
AccruedDeferredTaxLiabilities
0
CY2020Q4 rere Accrued Deferred Tax Liabilities
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CY2022Q4 us-gaap Common Stock Shares Authorized
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0.4728
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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CY2019Q4 us-gaap Temporary Equity Shares Outstanding
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CY2019Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2020 rere Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
4203072
CY2020 us-gaap Temporary Equity Stock Issued During Period Value New Issues
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CY2020 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
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CY2020Q4 us-gaap Temporary Equity Shares Outstanding
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CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
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CY2021 rere Temporary Equity Stock Issued During Period Shares New Issues
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CY2021 us-gaap Temporary Equity Stock Issued During Period Value New Issues
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CY2021 rere Temporary Equity Issuance Upon Conversion Of Convertible Bonds Shares
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10906031
CY2021 rere Temporary Equity Issuance Upon Conversion Of Convertible Bonds Value
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CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
508627000
CY2021 rere Temporary Equity Convert To Class A Ordinary Share Shares
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CY2021 rere Temporary Equity Convert To Class A Ordinary Share
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CY2021 rere Temporary Equity Convert To Class B Ordinary Share Shares
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CY2021 rere Temporary Equity Convert To Class B Ordinary Share
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CY2022Q4 rere Convertible Redeemable Preferred Stock Dividends Declared
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0
CY2022 rere Temporary Equity Liquidation Preference Percentage
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CY2022Q4 us-gaap Preferred Stock Convertible Conversion Ratio
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1
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CY2020 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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CY2022 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
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CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.4820
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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0.0066
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0092
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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569963
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
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CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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135949000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
305280000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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16960117
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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0.64
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
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28.73
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
10031941
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.64
CY2022 rere Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
24.33
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y11M8D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
180574000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
40.90
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
57.05
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.46
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
16372000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
135949000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
454552000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
174236000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-470618000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-816547000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-2467937000
CY2020 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1304498000
CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
508627000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1775116000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1325174000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2467937000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18782620
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18782620
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96306113
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96306113
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162819410
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162819410
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-94.51
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-94.51
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-13.76
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-13.76
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-15.16
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-15.16
CY2022Q4 rere Lessee Operating Lease Liability Due After One Year
LesseeOperatingLeaseLiabilityDueAfterOneYear
33523000
CY2022Q4 rere Short Term Lease Commitment Due Next Twelve Months
ShortTermLeaseCommitmentDueNextTwelveMonths
25322000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
119874641
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17958771
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17015617
rere Minimum Requirements Of After Tax Profit Allocation
MinimumRequirementsOfAfterTaxProfitAllocation
0.10
rere Rate Of Right To Discontinue Allocation To Statutory Reserve
RateOfRightToDiscontinueAllocationToStatutoryReserve
0.50
CY2021Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
440953000
CY2022Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
481846000
CY2020 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
1750000
CY2021 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
1272000
CY2021Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
410652000
CY2022Q4 us-gaap Due From Related Parties
DueFromRelatedParties
295642000
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
73976000
CY2022Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
47604000
CY2021 rere Number Of New Product Suppliers
NumberOfNewProductSuppliers
1
CY2022 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
leased office and store premises under operating lease agreements for the periods from 2021 to 2025
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
43260000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
57302000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
57180000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
66016000
CY2021 us-gaap Lease Cost
LeaseCost
100440000
CY2022 us-gaap Lease Cost
LeaseCost
123318000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
69612000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
78455000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
35948000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
46426000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34501000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
33523000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
70449000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
79949000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M4D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M17D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0564
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0540
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
49528000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
28388000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6134000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
84050000
CY2022Q4 rere Lessee Operating Lease Liability Payments Imputed Interest
LesseeOperatingLeaseLiabilityPaymentsImputedInterest
-4101000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
79949000
CY2022Q4 rere Lessee Operating Lease Liability Due Within One Year
LesseeOperatingLeaseLiabilityDueWithinOneYear
46426000
CY2022 rere Contractual Expense
ContractualExpense
1011000
CY2022Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
607000
CY2022Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
102000

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