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Short-term borrowings

12 Months Ended

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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- References

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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

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