Prepaid Expenses and Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of December 31,
	2018		2019
	RMB		RMB
Deposit at third-party payment channels (i)		258,039		190,037
Input VAT (ii)		69,075		107,879
Interest receivable		87,057		105,450
Advance to suppliers (iii)		94,100		80,419
Corporate lending receivable (iv)		—		40,000
Deferred platform commission cost		36,189		35,922
Prepaid income tax and other expenses		55,084		19,738
Others		21,435		19,555
		620,979		599,000

(i) Deposit at third-party payment channels are mainly the cash deposited in certain third-party payment channels by the Group for the broadcasters and the gift recipients who received the virtual items in the value-added service to withdraw their revenue sharing and the customer payment to the Group’s account through the third-party payment channels.

(ii) Input VAT mainly occurred from the purchasing of goods or other services, property and equipment and advertising activities. It is subject to verification by related tax authorities before offsetting the VAT output.

(iii) Advance to suppliers were primarily for advertising fees and related service fees.

(iv) Corporate lending receivable is the loan to a third-party entity, which is mature in less than one year. The annual interest rate is 10%, which can be waived if certain conditions are met.