Prepayments and other receivables, net consist of the following:


	As of December 31,
	2022			2023
	RMB			RMB
Deposits		35,797			41,493
Customer deposits (1)		73,861			83,467
Account receivables		150,621			56,813
Advance to suppliers (2)		73,475			82,710
VAT recoverables		99,547			125,663
Loan to business partners (3)		9,000			122,531
Cash advanced to staff		39,130			43,556
Deferred cost (4)		87,065			—
Others		43,345			27,443
Less: allowance for credit losses		(2,358	)		(16,054	)
Less: impairment losses on deferred cost		(70,406	)		—
Total		539,077			567,622

(1)

The amount relates to the refundable deposits paid to merchants to whom the Group provides platform service.

(2)

The amount represents the prepayment to suppliers, mainly for purchasing pre-owned products.

(3)

The amount as of December 31, 2023 represents the loan of US$17.3 million to business partners with interest rate of 5% per annum.

(4)

Deferred cost as of December 31, 2022 represents acquired advertising resources for promotion purpose, and has been amortized based on actual consumptions. In 2022, impairment losses of RMB70,406 have been recognized based on estimated reduction on consumptions.

The movements in the allowance for credit losses for prepayments and other receivables are as follows:

Prepayments and other receivables, net—(Continued)


	As of December 31,
	2021			2022			2023
	RMB			RMB			RMB
Balance as of January 1		—			935			2,358
Current period provision, net of recovery		1,525			6,293			24,423
Current period write-off		(590	)		(4,870	)		(10,727	)
Balance as of December 31		935			2,358			16,054