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Property and equipment, net
12 Months Ended
Dec. 31, 2019
Property and equipment, net  
Property and equipment, net

5. Property and equipment, net

Property and equipment, net consists of the following:

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

December 31, 

 

As of December 31, 

 

    

2018

    

2019

    

2019

 

 

RMB

 

RMB

 

US$

Computer and transmission equipment

 

15,522,913

 

21,552,895

 

3,095,880

Furniture and office equipment

 

3,659,047

 

3,732,638

 

536,160

Leasehold improvements

 

20,217,502

 

20,842,929

 

2,993,899

Motor vehicles

 

816,103

 

816,103

 

117,226

Total property and equipment

 

40,215,565

 

46,944,565

 

6,743,165

Accumulated depreciation

 

(17,000,768)

 

(26,805,614)

 

(3,850,386)

Property and equipment, net

 

23,214,797

 

20,138,951

 

2,892,779

 

Depreciation expense was RMB4,687,503,  RMB9,245,203 and RMB10,544,813 (US$1,514,668) for the years ended December 31, 2017, 2018 and 2019 respectively. Gains from the disposal of property and equipment during the years ended December 31, 2017, 2018 and 2019 were RMB103,  RMB66 and RMB2,389 (US$343) respectively.