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

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Property and Equipment, Net

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

    

Year Ended December 31,

2021

2022

2023

    

RMB

    

RMB

    

RMB

Cost of revenues

 

5,989,994

 

6,780,226

 

7,161,205

Research and development

 

1,294,439

 

316,293

 

294,859

Sales and marketing

 

3,775,110

 

4,199,996

 

4,033,438

General and administrative

 

3,810,984

 

3,742,289

 

3,405,996

Total expense due to employee benefit plans

 

14,870,527

 

15,038,804

 

14,895,498