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Long-Term Investments (Tables)
12 Months Ended
Dec. 31, 2022
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, 2020, 2021 and 2022:

 

 

 

As of December 31,

 

 

 

2020

 

 

2021

 

 

2022

 

 

 

(RMB in thousands)

 

Long-term investment at the beginning of the year

 

 

344,362

 

 

 

264,151

 

 

 

212,700

 

Addition

 

 

 

 

 

16,700

 

 

 

 

Disposal

 

 

(23,310

)

 

 

(67,475

)

 

 

 

Unrealized upward adjustments

 

 

19,059

 

 

 

 

 

 

 

Impairment

 

 

(69,156

)

 

 

 

 

 

 

Foreign currency translation adjustments

 

 

(6,804

)

 

 

(676

)

 

 

 

Long-term investment at the end of the year

 

 

264,151

 

 

 

212,700

 

 

 

212,700