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

Fair Value Measurement (Tables)

v3.21.1
Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Hierarchy of Assets That Are Measured at Fair Value on Non-recurring Basis

The following tables present the placement in the fair value hierarchy of assets that are measured at fair value on a non-recurring basis at December 31, 2019 and 2020:

 

 

 

 

Fair value disclosure or measurement at

December 31, 2019 using

 

 

December 31,

2019

 

Level 1

 

Level 2

 

Level 3

 

 

RMB

 

RMB

 

RMB

 

RMB

Other equity investments

 

 

 

 

 

 

 

 

ApplySquare Education & Technology Co., Ltd.

 

1,576,391

 

 

 

1,576,391

Beijing GlobalWisdom Information Technology Co., Ltd.

 

 

 

 

 

 

 

 

 

Fair value disclosure or measurement at

December 31, 2020 using

 

 

December 31,

2020

 

Level 1

 

Level 2

 

Level 3

 

 

RMB

 

RMB

 

RMB

 

RMB

Other equity investments

 

 

 

 

 

 

 

 

Beijing Futou Technology Co., Ltd

 

 

 

 

ApplySquare Education & Technology Co., Ltd.