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Accounts Receivable, Net
12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
ACCOUNTS RECEIVABLE, NET

5.

ACCOUNTS RECEIVABLE, NET

 

 

 

As of December 31,

 

 

 

2020

 

 

2021

 

 

2021

 

 

 

RMB

 

 

RMB

 

 

US$

 

Accounts receivable

 

 

3,704,732

 

 

 

2,988,100

 

 

 

468,898

 

Allowance for credit losses

 

 

(360,299

)

 

 

(240,326

)

 

 

(37,712

)

Accounts receivable, net

 

 

3,344,433

 

 

 

2,747,774

 

 

 

431,186

 

 

The following table presents movement of the allowance for credit losses: 

 

 

 

As of December 31,

 

 

 

2019

 

 

2020

 

 

2021

 

 

2021

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Balance at the beginning of the year

 

 

94,856

 

 

 

144,574

 

 

 

360,299

 

 

 

56,539

 

Cumulative effect of adopting ASU 2016-13

 

 

 

 

 

72,366

 

 

 

 

 

 

 

Provisions/(Reversal)

 

 

72,259

 

 

 

202,108

 

 

 

(62,267

)

 

 

(9,772

)

Write-offs

 

 

(22,541

)

 

 

(58,749

)

 

 

(57,706

)

 

 

(9,055

)

Balance at the end of the year

 

 

144,574

 

 

 

360,299

 

 

 

240,326

 

 

 

37,712