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Share-based compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Shares Activities
The following table sets forth the stock option shares activities under all the option plans for the years ended December 31, 2017, 2018 and 2019:
                                 
 
Options
Outstanding
   
Weighted
Average
Exercise Price
   
Weighted
Average
Remaining
Contractual Life
   
Aggregate
Intrinsic Value
 
 
   
US$
   
   
US$
 
                                 
Outstanding at December 31, 2016
   
112,570,000
     
0.0650
     
3.37
     
22,688
 
Granted
   
26,610,000
     
0.3020
     
—  
     
—  
 
Canceled/
Forfeited
   
(7,538,200
)    
0.0967
     
—  
     
—  
 
                                 
Outstanding at December 31, 2017
   
131,641,800
     
0.1108
     
2.69
     
172,618
 
Granted
   
12,039,050
     
0.8942
     
—  
     
—  
 
Canceled/
Forfeited
   
(3,722,285
)    
0.1930
     
—  
     
—  
 
Expired
   
(300,000
)    
0.0040
     
—  
     
—  
 
Exercised
   
(44,005,360
)    
0.0543
     
—  
     
—  
 
                                 
Outstanding at December 31, 2018
   
95,653,205
     
0.2214
     
2.17
     
47,689
 
Granted
   
19,275,000
     
0.6540
     
—  
     
—  
 
Canceled/
Forfeited
   
(6,490,415
   
0.5964
     
—  
     
—  
 
Exercised
   
(53,873,360
   
0.0977
     
—  
     
—  
 
Outstanding at December 31, 2019
   
54,564,430
     
0.4519
     
2.51
     
4,264
 
Vested and expected to vest at December 31, 2019
   
53,286,128
     
0.4523
     
2.51
     
4,143
 
Exercisable as of December 31, 2019
   
14,156,930
     
0.3075
     
1.54
     
3,221
 
 
 
Schedule of Fair Value of Each Option Granted Estimated Using Binomial Model Assumption
The fair value of each option granted under the Company’s Incentive Shares plan was estimated on the date of grant using the binomial model that uses the assumption noted in the following table:
                         
 
Options Granted
in 2017
   
Options Granted
in 2018
   
Options Granted
in 2019
 
 
RMB
   
RMB
   
RMB
 
Risk-free interest rate
   
1.97%~2.04
%    
2.52%-2.75
%     2.62%  
Expected life (in years)
   
5
     
5
      5  
Expected dividend yield
   
0
%    
0
%    
0%
 
Expected volatility
   
39.0%~41.9
%    
37.74%-38.74
%     38.01%  
Exercise multiple
   
2.8
     
2.2-2.8
      2.2-2.8  
 
 
 
 
Summary of Restricted Stock Units Activities Under All Incentive Plans
The following table sets forth the Company’s RSUs activities under all incentive plans for the years ended December 31, 2017, 2018 and 2019:
                 
   
Number of RSUs
   
Weighted-
 average
grant date fair
value
 
 
   
US$
 
Unvested at December 31, 2017
   
—  
     
—  
 
Granted
 
 
7,822,280
 
 
 
1.4375
 
Vested
 
 
—  
 
 
 
—  
 
Canceled/
Forfeited
 
 
(270,800
)
 
 
1.3233
 
Unvested at December 31, 2018
   
7,551,480
     
1.4416
 
Granted
   
9,406,495
     
0.7353
 
Vested
   
(1,534,570
   
1.4645
 
Canceled/
Forfeited
   
(3,399,610
   
1.0740
 
Unvested at December 31, 2019
   
12,023,795
     
0.9880