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Short-term borrowings | 12 Months Ended
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Dec. 31, 2020
Short-term borrowings |
Short-term borrowings | 12. Short-term borrowings As of December 31, 2019 and 2020, the Group had no balance of short-term or long-term borrowings. For the year ended December 31, 2020, the Group drew down RMB3.0 million on June 29, 2020. The interest was payable on a monthly basis and the principal was due upon maturity. The loan was repaid on December 10, 2020.
|  | Maturity |  | Principal |  | Interest rate |  |
Short-term borrowings |  | date |  | amount |  | per annum |  | Name of bank
Term loan |  |  |  |  |  |  |  |
Loan I |  | December 26,2020 |  | 3,000 |  | 4.55 | % | Industrial & Commercial Bank of China(“ICBC”)

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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