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

LONG-TERM INVESTMENTS - Other Equity Investments (Details)

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LONG-TERM INVESTMENTS - Other Equity Investments (Details)
1 Months Ended 12 Months Ended
Jun. 20, 2018
CNY (¥)
director
Jul. 26, 2017
director
Apr. 30, 2017
CNY (¥)
Dec. 31, 2018
USD ($)
Dec. 31, 2018
CNY (¥)
Mar. 31, 2017
USD ($)
Mar. 31, 2017
CNY (¥)
Dec. 31, 2017
CNY (¥)
Other equity investments                
Other equity investments         ¥ 66,390,898     ¥ 70,021,700
Gain from change in fair value       $ 399,971 2,750,000      
Beijing Empower Education Online Co., Ltd. ("EEO")                
Other equity investments                
Other equity investments     ¥ 38,000,000   38,000,000     38,000,000
Percentage of equity interest           8.33% 8.33%  
Cash consideration     ¥ 5,500,000       ¥ 32,500,000  
ApplySquare Education & Technology Co., Ltd. ("ApplySquare")                
Other equity investments                
Other equity investments         22,471,700     19,721,700
Percentage of equity interest 7.95%         9.00% 9.00%  
Cash consideration           $ 3,000,000 ¥ 19,721,700  
Right to number of director | director 1              
Gain from change in fair value ¥ 2,750,000       2,750,000      
Beijing GlobalWisdom Information Technology Co., Ltd. ("GlobalWisdom")                
Other equity investments                
Other equity investments         5,919,198     ¥ 12,300,000
Percentage of equity interest   6.8345%       8.20% 8.20%  
Cash consideration             ¥ 12,300,000  
Right to number of director | director   1            
Impairment recorded         ¥ 6,380,802