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Intangible assets | 12 Months Ended
--- | ---
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible assets | 7. Intangible assets Intangible assets consist of the following:
|  | As of December 31, |
|  | 2018 |  |  | 2019 |
|  | RMB |  |  | RMB |
Micro-Lending License |  |  | 63,760 |  |  |  | 63,760 |
Financing guarantee License 1 |  |  | 4,600 |  |  |  | 4,600 |
Factoring License 1 |  |  | 265 |  |  |  | 265 |
Financial Leasing License 1 |  |  | 255 |  |  |  | 255 |
Total |  |  | 68,880 |  |  |  | 68,880 |
Less: Accumulated amortization and impairment |  |  | — |  |  |  | (4,600 | )
Intangible assets |  |  | 68,880 |  |  |  | 64,280 |
1 | The Group acquired Shenzhen Rongze Commerecial Co., Ltd, Zhongyu Financial Leasing and Zhongyisheng Financial Guarantee Co., Ltd. in 2018. The acquisitions met the “single or similar asset threshold” and are not considered as business combination in accordance with ASC Topic 805. In 2019, the financial guarantee licenses related to Zhongyisheng Financial Guarantee Co., Ltd. was revoked and therefore full impairment was provided.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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