Related Party Balances and Transactions

12 Months Ended

Dec. 31, 2021

13. RELATED PARTY BALANCES AND TRANSACTIONS

The table below sets forth major related parties of the Group and their relationships with the Group:


Entity or individual name		Relationship with the Group
Ji'an Aoxinlian Information Consulting Service Co., Ltd.(“Ji'an Aoxinlian”)		Ji’an Aoxinlian is controlled by the immediate family member of the Group's senior management.
Ji'an Aojuxun Information Consulting Service Co., Ltd.(“Ji'an Aojuxun”)		Ji’an Aojuxun is controlled by the immediate family member of the Group's senior management.
Shenzhen Aileyou Information Technology Co., Ltd.(Aileyou)		Aileyou is an equity investment of the Group.
L.P. Technology Holdings Limited (“L.P.”)		L.P. is an equity investment of the Group.
Individual Director or Officer		Directors or officers of the Group.
JD.com, Inc. and its subsidiaries (“JD Group”) *		JD Group was a shareholder of the Group before January 1, 2020.

*In considering the equity interests of the Company held by JD, the transaction volumes between the Company and JD as well as other relevant factors, management concluded that JD was no longer a related party of the Company starting from January 1, 2020.

(a)

The Group entered into the following significant related party transactions:

(i)

Sales of goods and services to related parties


	For the Year Ended December 31,
	2019	2020		2021
	(RMB in thousands)
Sales of goods and services to Aileyou	—		2,087		7,731
Total	—		2,087		7,731

(ii)

Purchase of goods and services from related parties


	For the Year Ended December 31,
	2019		2020		2021
	(RMB in thousands)
Purchases of goods and services from Ji'an Aoxinlian		7,200		20,658		20,493
Purchases of goods and services from Ji'an Aojuxun		2,091		7,987	—
Purchases of goods and services from JD Group		827,574	—		—
Total		836,865		28,645		20,493

(b)

The Group had the following significant related party balances:

(i)

Amounts due from related parties


	As of December 31,
	2020		2021
	(RMB in thousands)
Due from L.P. by the Group		941		6,109
Total		941		6,109

(ii)

Amounts due to related parties


	As of December 31,
	2020		2021
	(RMB in thousands)
Due to individual Director or Officer and his/her immediate family members under investment programs offered by the Group		61,871		15,028
Due to Ji'an Aoxinlian by the Group		4,711		4,790
Due to Aileyou by the Group		932		3,285
Total		67,514		23,102

The Group believes that the terms of the transactions with the related parties are comparable to the terms of arm’s‑length transactions with third‑party vendors and Individual Investors.