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Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of weighted average assumptions used

		2016				2017				2018
Expected volatility			59.60%-62.40	%			57.90%-59.70	%			57.30	%
Weighted average volatility			61.29	%			58.44	%			57.30	%
Expected dividends			-				-				-
Risk-free rate			1.82%-2.70	%			2.60%-3.18	%			3.10	%
Contractual term (in years)			10				10				10
Enterprise value			US$0.30-US$0.32				US$0.32-US$0.65				US$0.65

Schedule of stock option activity

		Employees				Consultants				Total				Weighted average  exercise price				Remaining  contractual life				Aggregated intrinsic  value
		(in thousands)				(in thousands)				(in thousands)				US$								RMB
Outstanding at January 1, 2016			16,661				1,637				18,298				0.30				1.95				8,394
Granted			3,372				-				3,372				1.18				-				-
Exercised			-				-				-				-				-				-
Forfeited			(1,141	)			-				(1,141	)			0.63				-				-
Outstanding at December 31, 2016			18,892				1,637				20,529				0.43				1.39				9,975
Granted			60				-				60				0.42				-				-
Exercised			-				-				-				-				-				-
Forfeited			(1,877	)			-				(1,877	)			0.94				-				-
Outstanding at December 31, 2017			17,075				1,637				18,712				0.37				0.72				8,951
Granted			205				-				205				1.00				-				-
Exercised			-				-				-				-				-				-
Forfeited			(3,443	)			-				(3,443	)			0.12				-				-
Replaced by restricted shares			(13,837	)			(1,637	)			(15,474	)			(0.43	)			-				-
Outstanding at December 31, 2018			-				-				-				-				-				-
Exercisable as of December 31, 2016			8,382				1,318				9,700				0.20				0.61				3,914
Exercisable as of December 31, 2017			10,606				1,424				12,030				0.28				0.39				5,293
Exercisable as of December 31, 2018			-				-				-				-				-				-

Schedule of restricted shares

Restricted shares		Number of shares
Outstanding as of January 1, 2016			15,949,454
Restricted shares vested			(15,949,454	)
Outstanding as of December 31, 2016			-
Restricted shares vested			-
Outstanding as of December 31, 2017			-
Restricted shares vested			-
Outstanding as of December 31, 2018			-

		Number of restricted  shares				Weighted-Average Grant-Date Fair Value
						US$
Outstanding as of January 1, 2018			-				-
Granted			24,407,184				1.595
Vested			(12,917,926	)			1.595
Outstanding as of December 31, 2018			11,489,258				1.595

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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