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Long-Term Investments (Tables)
12 Months Ended
Dec. 31, 2021
Long-term Investments [Abstract]  
Summary of Movement of Carrying Value of Equity Investments Accounted Using Measurement Alternative

The following table summarizes the movement of the carrying value of the Group’s equity investments accounted for using the measurement alternative for the year ended December 31, 2019, 2020 and 2021:

 

 

 

As of December 31,

 

 

 

2019

 

 

2020

 

 

2021

 

 

 

(RMB in thousands)

 

Long-term investment at the beginning of the year

 

 

28,166

 

 

 

344,362

 

 

 

264,151

 

Addition

 

 

266,153

 

 

 

 

 

 

16,700

 

Disposal

 

 

(2,796

)

 

 

(23,310

)

 

 

(67,475

)

Unrealized upward adjustments

 

 

51,891

 

 

 

19,059

 

 

 

 

Impairment

 

 

 

 

 

(69,156

)

 

 

 

Foreign currency translation adjustments

 

 

948

 

 

 

(6,804

)

 

 

(676

)

Long-term investment at the end of the year

 

 

344,362

 

 

 

264,151

 

 

 

212,700