LOANS RECEIVABLE, NET

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

LOANS RECEIVABLE, NET

4.LOANS RECEIVABLE, NET

The loans receivable, net consists of the following:

	As of December 31,
	2021			2022
	RMB			RMB
Loans receivable		27,584			21,142
Allowance for credit losses		(27,255	)		(17,991	)
Loans receivable, net		329			3,151

The following table summarizes the balances of loans receivable by due date as of December 31, 2021 and 2022:

	As of December 31,
	2021		2022
	RMB		RMB
Undue		274		632
1-14 days past due		28		221
15 days or greater past due		27		2,298
Loans receivable, net		329		3,151

The movement of the allowance for credit losses for the years ended December 31, 2020, 2021 and 2022 are as follows:

	Year ended December 31,
	2020			2021			2022
				RMB			RMB
Balance at beginning of the year		—			(27,700	)		(27,255	)
Current year credit losses		(27,498	)		(27,735	)		(18,609	)
Current year write off		—			9,087			27,665
Disposal of a subsidiary		—			18,236			—
Foreign currency exchange		(202	)		857			208
Balance at end of the year		(27,700	)		(27,255	)		(17,991	)