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Intangible assets (Tables)

12 Months Ended

Dec. 31, 2019

Intangible assets

Schedule of intangible assets

		As of
		December 31,		As of December 31,
		2018		2019		2019
		RMB		RMB		US$
Licenses (1)		26,000,000		26,600,000		3,820,851
Software and others		4,362,895		11,324,077		1,626,602
Accumulated amortization		(1,962,489)		(2,797,373)		(401,818)
Intangible assets, net		28,400,406		35,126,704		5,045,635

(1) During 2018, the Group acquired an insurance broker license at a cost of RMB26,000,000. During 2019, the Group further acquired an insurance sale on line license at a cost of RMB 600,000 (US$86,185).

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- References

No definition available.

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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