Prepayments and Other Assets

12 Months Ended

Dec. 31, 2021

Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]

6.	PREPAYMENTS AND OTHER ASSETS

The current and non-current portions of prepayments and other assets consist of the following:

	As of December 31,
	2020		2021		2021
	RMB		RMB		US$
Current portion:
Contract assets (i)		1,509,586		1,591,152		249,686
VAT prepayments		805,360		711,114		111,589
Prepaid licensed copyrights		378,025		152,596		23,946
Receivables from online payment agencies		304,353		324,327		50,894
Advances to suppliers		213,686		219,605		34,461
Prepaid expenses		58,150		61,594		9,665
Deposits and prepaid rental fees		57,829		21,485		3,371
Others (ii)		188,866		184,650		28,977
		3,515,855		3,266,523		512,589

	As of December 31,
	2020		2021		2021
	RMB		RMB		US$
Non-current portion:
Prepaid licensed copyrights		2,036,411		2,193,285		344,174
Licensed copyrights prepaid assets (iii)		474,073		571,518		89,684
Deposits and prepaid rental fees		154,627		46,635		7,318
Others		34,312		94,252		14,790
		2,699,423		2,905,690		455,966

(i)

The allowance for credit losses on contract assets was RMB9,275 and RMB14,721 (US$2,310) as of December 31, 2020 and 2021, respectively. The reversals charged against the allowance were RMB14,253, RMB9,310 and the provision charged against the allowance were RMB5,446 (US$855) for the years ended December 31, 2019, 2020 and 2021, respectively. Cumulative effect of adopting ASU 2016-13 on the opening balance of contract assets was RMB11,360. No write-offs were charged against the allowance for the years ended December 31, 2019, 2020 and 2021, respectively.

(ii)

The allowance for credit losses on other current assets were RMB73,688 and RMB93,217 (US$14,628) as of December 31, 2020 and 2021, respectively. The provision charged against the allowance were nil, RMB73,688, and RMB19,529 (US$3,065) for the years ended December 31, 2019, 2020 and 2021, respectively. No reversal and write-offs were charged against the allowance for the years ended December 31, 2019, 2020 and 2021, respectively.

(iii)

Licensed copyrights prepaid assets are recognized when the Group has yet to receive the content copyrights from the counterparty under nonmonetary exchanges but the counterparty has already received the content copyrights from the Group.