Principal Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Estimated useful lives of property and equipment

Property and equipment are depreciated over the following estimated useful lives on a straight-line basis:

	Estimated Useful Lives
Computers	3 years
Equipment, furniture and motor vehicles	5 years
Leasehold improvements	Lesser of lease terms or the estimated useful lives of the assets

Schedule of estimated useful live of intangible assets, net

	Estimated Useful Lives
Computer software	5 years
Licensed copyrights of reading content	Lesser of the licensed period or 5 years
Trademark and Domain name	10 years
Audio content	Lesser of the licensed period or 5 years

Schedule of revenues disaggregated by products and services

The following table presents the Group’s revenues disaggregated by products and services (in thousands):

	For the Years Ended December 31,
	2019		2020		2021
	RMB		RMB		RMB
Net advertising revenues		1,194,761		1,113,017		930,025
Paid services revenues		133,020		95,828		100,306
Revenues from paid contents		71,144		46,175		43,113
Revenues from E-commerce and others		61,876		49,653		57,193
Total		1,327,781		1,208,845		1,030,331

Summary of Future Lease Payments under Operating Leases

Future lease payments under operating leases as of December 31, 2021 were as follows (in thousands): 

	Operating Lease Liabilities
	RMB
Year ending December 31,
2022		27,349
2023		7,580
2024		5,734
2025		4,204
2026		4,234
Total future lease payments		49,101
Less: Imputed interest		3,251
Total lease liability balance		45,850

Summary of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases was as follows (in thousands):    

	For the Years Ended December 31,
	2020		2021
	RMB		RMB
Cash payments for operating leases		33,677		34,509
Right-of-use assets obtained in exchange for operating lease liabilities		3,198		27,129