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Net Loss per Share
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Net Loss per Share
12. Net Loss per Share
The following table sets forth the computation of basic and diluted net loss per share for the nine months ended September 30, 2019 and 2020:
 
    
For the nine months

ended September 30,
 
    
2019
    
2020
 
    
RMB
    
RMB
 
Numerator:
                 
Net loss
     (398,570      (1,305,418
Net (income)/loss attributable to noncontrolling interests
     (935      383  
Accretions of preferred shares to redemption value
     (32,209      —    
    
 
 
    
 
 
 
Net loss attributable to ordinary shareholders of the Company
  
 
(431,714
  
 
(1,305,035
    
 
 
    
 
 
 
Denominator:
                 
Weighted average number of ordinary shares/ADSs outstanding, basic
     92,000,000        112,517,299  
Weighted average number of ordinary shares/ADSs outstanding, diluted
     92,000,000        112,517,299  
Net loss per share/ADS, basic
     (4.69      (11.60
    
 
 
    
 
 
 
Net loss per share/ADS, diluted
     (4.69      (11.60
    
 
 
    
 
 
 
    
 
 
    
 
 
 
Basic and diluted loss per share are computed using the weighted average number of ordinary shares/ADS outstanding during the period.
6,814,815 preferred shares and options for the purchase of 8,436,900 ordinary shares as of September 30, 2019, and options for the purchase of 6,637,830 ordinary shares as of September 30, 2020, respectively, were excluded from the computation of diluted net loss per share for the periods then ended because of their anti-dilutive effect.