4.
SHORT-TERM INVESTMENT
SCHEDULE OF SHORT TERM INVESTMENTS
| | |
| | |
| |
| | |
As
of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | |
| | |
| | |
| |
| Time deposits | |
| - | | |
| 43,294 | |
| Equity securities with readily determinable
fair value (1)(1) | |
| - | | |
| 40,480 | |
| Debt security for trading | |
| - | | |
| 83,774 | |
| (1) |
As of December
31, 2025, equity securities with readily determinable fair value, previously recorded as long-term investments and consisting primarily
of Tencent and Meituan, were reclassified to short-term investments, as the Group intends to sell the investment within the next twelve
months. (Note 10) |
|