COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2022

27. COMMITMENTS AND CONTINGENCIES

(a) Commitments


		As of
		December 31, 2022
		RMB
		(in thousands)
Operating leases commitments(i)		386,310
Investment commitments(ii)		141,765
Purchase of property and equipment		4,512
Purchase of services		2,081
Total		534,668


		Amounts
		RMB
		(in thousands)
2023		281,049
2024		118,115
2025		83,711
2026		25,413
Thereafter		26,380
Total		534,668

(i)	Operating leases commitments represent the Group’s obligations for leasing premises.

(ii)	Investment commitments obligations primarily relate to capital contributions obligation under certain arrangements.

27. COMMITMENTS AND CONTINGENCIES (CONTINUED)

(b) Contingencies

From time to time, the Group is involved in claims and legal proceedings that arise in the ordinary course of business. Based on currently available information, management does not believe that the ultimate outcome of the unresolved matters, individually and in the aggregate, are likely to have a material adverse effect on the Group’s financial position, results of operations or cash flows. However, litigations are subject to inherent uncertainties and the Group’s view of these matters may change in the future.