Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

20. Leases

From the Perspective of Lessee

The Group leases office space, offline stores, and certain equipment under operating leases for terms ranging from short-term (under 12 months) to 15 years. The Group does not have options to extend or terminate leases, as the renewals or terminations of these leases are on negotiation basis. None of these leases contain material residual value guarantees or material restrictive covenants, and the Group does not have any financing leases.

Supplemental balance sheet information related to the leases are as follows:

	As of December 31, 2019
	RMB
ROU assets		1,715,556
Operating lease liabilities—current		333,268
Operating lease liabilities—non-current		1,395,665
Weighted-average remaining lease term		4.71
Weight-average discount rate		4.86	%

The components of lease costs of these operating leases for the year ended December 31, 2019 are as follow:

	Year Ended December 31, 2019
	RMB
Operating lease cost for fixed payments		388,976
Short-term lease costs		327,972
Variable lease costs		29,286
Total lease costs		746,234

The following table provides supplemental cash flow information related to leases:

	Year Ended December 31, 2019
	RMB
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases		370,606
Supplemental noncash information:
Right-of-use assets obtained		2,071,948
Decrease of right-of-use assets for early terminations		(36,142	)

The following table provides the maturities of lease liabilities at December 31, 2019:

	Operating leases
Maturities of lease liabilities at December 31, 2019
2020		420,840
2021		424,996
2022		411,335
2023		363,190
2024		266,492
2025 and thereafter		150,409
Total future undiscounted lease payments		2,037,262
Less: imputed interest		308,329
Total present value of lease liabilities		1,728,933