Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Depreciation is recognized over the following useful lives in straight-line method, taking into consideration the assets’ estimated salvage value:


Building			30 years
Computer equipment			3 to 5 years
Furniture, fixtures and office equipment			3 to 5 years
Software			3 to 10 years
Motor vehicles			5 years
Leasehold improvements			The shorter of lease terms and estimated useful lives

Employee Benefit Plans

Employee benefit expenses recognized under these plans for the years ended December 31, 2020, 2021 and 2022 are allocated to the following expense items.


	Year Ended December 31,
	2020		2021		2022
	RMB		RMB		RMB
Cost of revenues		3,022,423		5,989,994		6,780,226
Research and development		962,709		1,294,439		316,293
Sales and marketing		1,881,648		3,775,110		4,199,996
General and administrative		2,576,853		3,810,984		3,742,289

Total expense due to employee benefit plans		8,443,633		14,870,527		15,038,804