Short-term investments

6 Months Ended

Jun. 30, 2021

Short-term investments

Short-term investments

5. Short-term investments

Short-term investments are primarily comprised of time deposits with original maturities between three months and one year.

As of June 30, 2021, the Group held no short-term investments. As of December 31, 2020, the Group’s short-term investments consisted entirely of short-term held to maturity debt instruments with high credit ratings, which were determined to have remote risk of expected credit loss. Accordingly, no allowance for credit loss was recorded as of December 31, 2020.