Condensed Financial Information of the Parent Company

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Disclosure [Abstract]

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

27.CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

Condensed Balance Sheets

	As of December 31,
	Note		2021			2022			2022
			RMB			RMB			US$
ASSETS
Current assets:
Cash and cash equivalents				1,615,953			4,334,968			628,511
Prepayments and other assets				12,350			20,751			3,009
Amounts due from entities within the Group				16,285,294			19,925,446			2,888,918
Total current assets				17,913,597			24,281,165			3,520,438
Total non-current assets				—			—			—
Total assets				17,913,597			24,281,165			3,520,438
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Convertible senior notes				—			8,305,447			1,204,177
Accrued expenses and other liabilities				70,823			156,807			22,735
Total current liabilities				70,823			8,462,254			1,226,912
Non-current liabilities
Convertible senior notes		14		12,652,172			9,568,279			1,387,270
Other non-current liabilities				3,003			—			—
Total non-current liabilities				12,655,175			9,568,279			1,387,270
Total liabilities				12,725,998			18,030,533			2,614,182
Commitments and contingencies		17
Shareholders’ equity:
Class A ordinary shares (US$0.00001 par value; 94,000,000,000        shares authorized as of December 31, 2021 and 2022, respectively;       2,940,101,566 and 3,246,481,443 shares issued as of December 31,       2021 and 2022, respectively; 2,722,361,459 and 3,047,568,900       shares outstanding as of December 31, 2021 and 2022,       respectively)		19		173			194			28
Class B ordinary shares (US$0.00001 par value; 5,000,000,000        shares authorized as of December 31, 2021 and 2022,       respectively; 2,876,391,396 and 3,041,097,278 shares       issued and outstanding as of December 31, 2021 and       2022, respectively)		19		183			193			28
Additional paid-in capital				49,642,014			50,885,688			7,377,731
Accumulated deficit		20		(47,163,773	)		(46,498,897	)		(6,741,706	)
Accumulated other comprehensive income		25		2,709,002			1,863,454			270,175
Total shareholders’ equity				5,187,599			6,250,632			906,256
Total liabilities and shareholders’ equity				17,913,597			24,281,165			3,520,438

Condensed Statements of Comprehensive Loss

	Year ended December 31,
		2020			2021			2022			2022
		RMB			RMB			RMB			US$
Operating costs and expenses:
Selling, general and administrative			(36,408	)		(26,658	)		(66,883	)		(9,697	)
Operating loss
Share of (losses)/income of subsidiaries, VIEs and VIEs’ subsidiaries			(7,320,787	)		(5,807,189	)		2,076,676			301,090
Interest income			24,343			19,026			12,845			1,862
Interest expenses			(642,718	)		(889,263	)		(234,870	)		(34,053	)
Foreign exchange gain/(loss), net			913,974			496,669			(1,954,314	)		(283,349	)
Other income, net			23,235			37,831			30,334			4,398
Net loss			(7,038,361	)		(6,169,584	)		(136,212	)		(19,749	)
Accretion of redeemable noncontrolling interests			(7,087	)		(20,336	)		—			—
Net loss attributable to ordinary shareholders			(7,045,448	)		(6,189,920	)		(136,212	)		(19,749	)
Other comprehensive income/(loss):
Foreign currency translation adjustments			436,068			169,141			(849,395	)		(123,151	)
Unrealized losses on available-for-sale debt securities			(106	)		(2,819	)		(21,091	)		(3,058	)
Total other comprehensive income/(loss), net of tax			435,962			166,322			(870,486	)		(126,209	)
Comprehensive loss			(6,602,399	)		(6,003,262	)		(1,006,698	)		(145,958	)

Condensed Statements of Cash Flows

	Year ended December 31,
	2020			2021			2022			2022
	RMB			RMB			RMB			US$
Net cash used for operating activities		(281,636	)		(360,187	)		(157,273	)		(22,802	)
Net cash (used for)/provided by investing activities		(7,189,640	)		483,685			(2,462,807	)		(357,073	)
Net cash provided by/(used for) financing activities		9,804,491			(3,441,602	)		5,307,603			769,530
Effect of exchange rate changes on cash, cash equivalents and   restricted cash		(6,203	)		(167,636	)		31,492			4,565
Net increase/(decrease) in cash, cash equivalents and   restricted cash		2,327,012			(3,485,740	)		2,719,015			394,220
Cash, cash equivalents and restricted cash at the beginning of   the year		2,774,681			5,101,693			1,615,953			234,291
Cash, cash equivalents and restricted cash at the end of the year		5,101,693			1,615,953			4,334,968			628,511

Basis of presentation

For the presentation of the parent company only condensed financial information, the Company records its investments in subsidiaries and VIEs under the equity method of accounting as prescribed in ASC 323. The subsidiaries, VIEs and VIEs’ subsidiaries losses are reported as “Share of losses/income of subsidiaries, VIEs and VIEs’ subsidiaries” on the condensed statements of comprehensive loss. Under the equity method of accounting, the Company’s carrying amount of its investment in subsidiaries for its share of the subsidiaries, VIEs and VIEs’ subsidiaries cumulative losses was reduced to nil as of December 31, 2021 and 2022, respectively and the carrying amount of “Amounts due from entities within the Group” was further adjusted as the Company committed to provide financial support to its VIEs as disclosed in Note 1.

The subsidiaries did not pay any dividends to the Company for the periods presented.

The Company does not have significant commitments or long-term obligations as of the period end other than those presented.

The parent company only financial statements should be read in conjunction with the Company’s consolidated financial statements.