Long Term Investment (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Long-Term Investments [Abstract]

Schedule of Long Term Investment

	Equity investments accounted for using the equity method(ii)		Cost method investments without readily determinable fair value(i)		Total		Total
	RMB		RMB		RMB		US$
Balance as of January 1, 2022		72,002		29,725		101,727		14,748
Additions		75,000		32,000		107,000		15,514
Share of gain in equity method investee		25,449		-		25,449		3,690
Balance as of December 31, 2022		172,451		61,725		234,176		33,952

	Equity investments accounted for using the equity method(ii)			Cost method investments without readily determinable fair value(i)			Total			Total
	RMB			RMB			RMB			US$
Balance as of January 1, 2023		172,451			61,725			234,176			32,294
Additions		-			4,500			4,500			621
Share of loss in equity method investee		(288	)		-			(288	)		(40	)
Impairment		-			(3,800	)		(3,800	)		(524	)
Balance as of June 30, 2023		172,163			62,425			234,588			32,351

(i) Investments of RMB234,588 included the following items:   Investments of RMB5,000 represented of 1.76% equity investment in the privately-held entity (“Zhejiang Qusu Technology Co., Ltd” or “QS”), in which the Company does not have significant influence and such investment do not have readily determinable fair values.   On May 27, 2021, the Company invested RMB10,000 for 4.44% equity interest in Qingdao Weilai JingChanye Investment Fund LP (“QD”), in which the Company does not have significant influence and such investment do not have readily determinable fair values.   On March 8, 2021, the Company invested RMB 8,000 for 13.79% equity interest in Jiada Hexin (Beijing) Technology Co., Ltd. (“Jiada”), in which the Company does not have significant influence and such investment do not have readily determinable fair values.   On December 8, 2021, the Company invested RMB2,925 for 19.50% equity interest in Liujiaoshou Drink Co., Ltd., in which the Company does not have significant influence and such investment do not have readily determinable fair values.   On December 8, 2021, the Company invested RMB3,800 for 19.00% equity interest in Beijing Dunengmaihuo Culture Media Co., Ltd.(“Dunengmaihuo”), in which the Company does not have significant influence and such investment do not have readily determinable fair values.   On May 6, 2022, the Company signed an investment agreement to invest up to RMB5,000 into Valley Hongyuan (Hangzhou) Technology Partnership LP for its 14.28% equity interest, in which the Company does not have significant influence and such investment do not have readily determinable fair values. For the year ended December 31, 2022, the Company invested RMB2,000 into Valley Hongyuan (Hangzhou) Technology Partnership LP.   On December 9, 2022, the Company invested RMB5,000 for 1.55% equity interest in Chengdu Tianfu Yuanhe Jingu Venture Capital Center LP, in which the Company does not have significant influence and such investment do not have readily determinable fair values.   On December 19, 2022, the Company invested RMB25,000 in Banyou Century (Hangzhou) Technology Co., Ltd. for its 7.6923% equity interest, in which the Company does not have significant influence and such investment do not have readily determinable fair values.   On October 9, 2021, the Company signed an investment agreement to invest up to RMB8,500 into Hainan Jiuhe Huiyuan No.1 Fund Partnership (Limited partnership) (“Hainan Jiuhe”) for its 3.26% equity interest, in which the Company does not have significant influence and such investment do not have readily determinable fair values. On January 17, 2023, the Company invested RMB3,500 in Hainan Jiuhe.   On June 19, 2023, the Company invested RMB1,000 in Zhejiang Mengxiang Zhixing Cultural Technology Co., Ltd. for its 5% equity interest, in which the Company does not have significant influence and such investment do not have readily determinable fair values.

(ii) On October 9, 2021, the Company signed an investment agreement to invest up to RMB150,000 into Qingdao Sixiang Zhuohong Private Equity LP (“Qingdao LP”), which further invests in broadcaster, IT, Big Data, Artificial Intelligence and logistic industry.  The Qingdao LLP is managed by two unrelated general partners (GPs). The Company, as a Limited partner, neither participate in the daily operation of Qingdao LP, nor has the exclusive rights to control the partnership meeting and investment decisions. As a result, the Company considers it has significant influence on this investment based on its voting power. As of December 31, 2022, the Company invested RMB150,000 into Qingdao LLP. The Company recorded shares of loss of RMB288 in the six months ended June 30, 2023.

	Equity investments accounted for using the equity method(ii)			Cost method investments without readily determinable fair value(i)			Total			Total
	RMB			RMB			RMB			US$
Balance as of January 1, 2021		-			5,000			5,000			785
Additions		75,000			54,725			129,725			20,356
Share of loss in equity method investee		(2,998	)		-			(2,998	)		(470	)
Disposal		-			(30,000	)		(30,000	)		(4,708	)
Impairment		-			-			-			-
Balance as of  December 31, 2021		72,002			29,725			101,727			15,963

	Equity investments accounted for using the equity method(ii)		Cost method investments without readily determinable fair value(i)		Total		Total
	RMB		RMB		RMB		US$
Balance as of January 1, 2022		72,002		29,725		101,727		14,748
Additions		75,000		32,000		107,000		15,514
Share of gain in equity method investee		25,449		-		25,449		3,690
Balance as of December 31, 2022		172,451		61,725		234,176		33,952

(i) Investments of RMB234,176 included the following items:

(ii) On October 9, 2021, the Company signed an investment agreement to invest up to RMB150,000 into Qingdao Sixiang Zhuohong Private Equity LP (“Qingdao LP”), which further invests in broadcaster, IT, Big Data, Artificial Intelligence and logistic industry.  The Qingdao LLP is managed by two unrelated general partners (GPs). The Company, as a Limited partner, neither participate in the daily operation of Qingdao LP, nor has the exclusive rights to control the partnership meeting and investment decisions. As a result, the Company considers it has significant influence on this investment based on its voting power. As of December 31, 2021, the Company invested RMB75,000 into Qingdao LLP. For the year ended December 31, 2022, the Company further invested RMB75,000 into Qingdao LLP and had shares of gain of RMB 25,449.