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Short-Term Investments

12 Months Ended

Dec. 31, 2019

Investments Debt And Equity Securities [Abstract]

Short-Term Investments

3. SHORT-TERM INVESTMENTS

Short-term investments consist of various financial products with unsecured principal from financial institutions in China at original maturity less than one year when purchased. While these financial products are not publicly traded, the Group estimated that their fair value approximated the costs considering their short-term maturities and high credit quality.

		As of December 31,
		2018				2019
		RMB				RMB
Short-term investments			1,028,564				217,640

No impairment loss was recognized for the three years ended December 31, 2017, 2018 and 2019.

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- Definition

The entire disclosure for investments in certain debt and equity securities.

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-Publisher FASB
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