Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Of Compensation Related Costs Share Based Payments [Line Items]

Summary of Fair Value of Stock Options Valuation Assumptions

The key assumptions used to determine the fair value of the options for the years ended December 31, 2021, 2022 and 2023 were as follows:

	Years ended December 31,
	2021			2022			2023
Expected volatility		37.2%~38.1	%		35.2%~44.2	%		36.7%~38.7	%
Risk-free interest rate (per annum)		1.00%~1.96	%		1.44%~3.97	%		3.40%~4.89	%
Exercise multiples		2.8	(1)		2.8	(1)		2.8	(1)
Expected dividend yield		0.00	%		0.00	%		0.00	%
Fair value of underlying ordinary shares	$	0.370~1.050		$	0.302~0.461		$	0.290~0.400
Fair value of share option	$	0.370~1.050		$	0.302~0.461		$	0.290~0.400

(1) Exercise multiples defines the early exercise strategy of the grantees and only applies to binomial option pricing model.

Summary of Share based Compensation Expense

	Years ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
General and administrative expenses		3,728,421		809,194		297,469
Selling and marketing expense		56,975		39,771		55,503
Research and development expense		48,777		63,884		80,279
Cost of revenues		3,740		6,406		8,576
Total		3,837,913		919,255		441,827

TYT Company [Member]

Disclosure Of Compensation Related Costs Share Based Payments [Line Items]

Summary of Restricted Share Activity

The Group acquired Beijing Bang Li De Network Technology Co., Ltd. (“TYT”), a private company, in December 2021. Upon the completion of the acquisition, ordinary shares held by non-controlling interest holders, who are also management of TYT, are restricted and subject to a four-year vesting period since July 1, 2022.

	Number of restricted shares			Weighted average grant date fair value per share
				RMB
Unvested at December 31, 2022		968,198			99.91
Vested		(242,049	)		99.91
Unvested at December 31, 2023		726,149			99.91

Options Classified as Equity [Member]

Disclosure Of Compensation Related Costs Share Based Payments [Line Items]

Summary of Share Options Activity

The following table summarized the activities of the Group’s share options classified as equity:

	Number of options			Weighted average exercise price per share		Weighted average remaining contract life		Weighted average grant date fair value per share		Aggregate intrinsic value
				US$				US$		US$
Outstanding at December 31, 2022		377,059,533			0.000010		8.23		0.4874		150,820
Granted		173,306,584			0.000010				0.3553
Exercised		(131,869,359	)		0.000010				0.5082
Forfeited		(20,070,480	)		0.000010				0.4841
Outstanding at December 31, 2023		398,426,278			0.000010		8.25		0.4233		139,644
Vested and expected to vest at December 31, 2023		398,426,278			0.000010		8.25		0.4233		139,644
Exercisable at December 31, 2023		77,187,431			0.000010		6.71		0.3453		27,053