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Business Combination | 9 Months Ended
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Sep. 30, 2020
Business Combinations [Abstract] |
Business Combination | 4. Business Combination In June 2020, the Group acquired 92.5% equity interest of a private company, which primarily provides kids programming courses to its users, with cash consideration of RMB7,700. Total consideration was paid by the Group in July 2020. The Group began to consolidate its financial statements from June 2020 and the remaining 7.5% equity interest was recognized as noncontrolling interests on the balance sheet upon the acquisition date. The goodwill was allocated to learning services and products segment and was recognized in other assets. Consideration for this transaction was allocated on the acquisition date based on the fair value of the assets acquired and the liabilities assumed as follows:
|  | As of acquisition date |
|  | RMB |
Consideration |  |  | 7,700 |
Noncontrolling interests |  |  | 624 |
Total |  |  | 8,324 |
Cash and cash equivalents |  |  | 1,302 |
Other tangible assets |  |  | 156 |
Liabilities assumed |  |  | (72 | )
Goodwill |  |  | 6,938 |
Total |  |  | 8,324 |
The acquisition above did not have a material impact on the Group’s unaudited interim condensed consolidated financial statements, and, therefore, pro forma disclosures have not been presented.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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