Condensed Financial Information of the Parent Company

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Of Parent Company Only 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		2020			2021			2021
			RMB			RMB			US$
ASSETS
Current assets:
Cash and cash equivalents				5,101,693			1,615,953			253,578
Short-term investments				263,005			—			—
Prepayments and other assets				9,313			12,350			1,938
Amounts due from entities within the Group				20,666,711			16,285,294			2,555,519
Total current assets				26,040,722			17,913,597			2,811,035
Total non-current assets				—			—			—
Total assets				26,040,722			17,913,597			2,811,035
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Convertible senior notes				4,752,061			—			—
Accrued expenses and other liabilities				89,905			70,823			11,114
Total current liabilities				4,841,966			70,823			11,114
Non-current liabilities
Convertible senior notes		14		11,926,715			12,652,172			1,985,402
Other non-current liabilities				15,383			3,003			471
Total non-current liabilities				11,942,098			12,655,175			1,985,873
Total liabilities				16,784,064			12,725,998			1,996,987
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, 2020 and 2021, respectively;       2,900,519,681 and 2,940,101,566 shares issued as of December 31,       2020 and 2021, respectively; 2,609,809,545 and 2,722,361,459       shares outstanding as of December 31, 2020 and 2021,       respectively)		19		165			173			27
Class B ordinary shares (US$0.00001 par value; 5,000,000,000       shares authorized as of December 31, 2020 and 2021, respectively;       2,876,391,396 and 2,876,391,396 shares issued and outstanding       as of December 31, 2020 and 2021, respectively)		19		183			183			29
Additional paid-in capital				47,687,483			49,642,014			7,789,915
Accumulated deficit		20		(40,973,853	)		(47,163,773	)		(7,401,025	)
Accumulated other comprehensive income		25		2,542,680			2,709,002			425,102
Total shareholders’ equity				9,256,658			5,187,599			814,048
Total liabilities and shareholders’ equity				26,040,722			17,913,597			2,811,035

Condensed Statements of Comprehensive Loss

	Year ended December 31,
		2019			2020			2021			2021
		RMB			RMB			RMB			US$
Operating costs and expenses:
Selling, general and administrative			(14,946	)		(36,408	)		(26,658	)		(4,183	)
Operating loss
Share of losses of subsidiaries, VIEs and VIEs’ subsidiaries			(9,593,221	)		(7,320,787	)		(5,807,189	)		(911,275	)
Interest income			133,930			24,343			19,026			2,986
Interest expenses			(603,449	)		(642,718	)		(889,263	)		(139,545	)
Foreign exchange (loss)/gain, net			(118,439	)		913,974			496,669			77,938
Other (expense)/income, net			(127,204	)		23,235			37,831			5,936
Net loss			(10,323,329	)		(7,038,361	)		(6,169,584	)		(968,143	)
Accretion of redeemable noncontrolling interests			(1,542	)		(7,087	)		(20,336	)		(3,191	)
Net loss attributable to ordinary shareholders			(10,324,871	)		(7,045,448	)		(6,189,920	)		(971,334	)
Other comprehensive income/(loss):
Foreign currency translation adjustments			227,048			436,068			169,141			26,541
Unrealized losses on available-for-sale debt securities			(276	)		(106	)		(2,819	)		(442	)
Total other comprehensive income, net of tax			226,772			435,962			166,322			26,099
Comprehensive loss			(10,096,557	)		(6,602,399	)		(6,003,262	)		(942,044	)

Condensed Statements of Cash Flows

	Year ended December 31,
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Net cash used for operating activities		(56,250	)		(281,636	)		(360,187	)		(56,521	)
Net cash (used for)/provided by investing activities		(7,334,993	)		(7,189,640	)		483,685			75,901
Net cash provided by/(used for) financing activities		7,489,321			9,804,491			(3,441,602	)		(540,062	)
Effect of exchange rate changes on cash, cash equivalents and   restricted cash		95,695			(6,203	)		(167,636	)		(26,307	)
Net increase/(decrease) in cash, cash equivalents and   restricted cash		193,773			2,327,012			(3,485,740	)		(546,989	)
Cash, cash equivalents and restricted cash at the beginning of   the year		2,580,908			2,774,681			5,101,693			800,567
Cash, cash equivalents and restricted cash at the end of the year		2,774,681			5,101,693			1,615,953			253,578

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 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, 2020 and 2021, 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.