Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

A summary of the Group’s RSU activity for the years ended December 31, 2022, 2023 and 2024 were as follows:


	Number of restricted share units			Weighted average grant date fair value
				RMB
Outstanding as of December 31, 2021		33,860,228			38.75
Granted (i)		28,010,128			68.29
Vested		(19,564,802	)		37.27
Forfeited		(6,309,648	)		81.29

Outstanding as of December 31, 2022 (i)		35,995,906			59.72

Expected to vest as of December 31, 2022 (i)		33,116,233

	Number of restricted share units			Weighted average grant date fair value
				RMB
Outstanding as of December 31, 2022		35,995,906			59.72
Granted (i)		15,177,322			39.31
Vested		(11,276,824	)		55.66
Forfeited		(10,701,587	)		51.52

Outstanding as of December 31, 2023 (i)		29,194,817			54.42

Expected to vest as of December 31, 2023 (i)		24,487,867

	Number of restricted share units			Weighted average grant date fair value
				RMB
Outstanding as of December 31, 2023		29,194,817			54.42
Granted (i)		17,812,098			31.01
Vested		(9,466,806	)		55.93
Forfeited		(6,274,291	)		60.27

Outstanding as of December 31, 2024 (i)		31,265,818			40.07

Expected to vest as of December 31, 2024 (i)		25,950,949