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Organization and Basis of Presentation
12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Basis of Presentation

1. ORGANIZATION AND BASIS OF PRESENTATION

Sunlands Technology Group (the “Company” or “Sunlands Technology”) was incorporated under the laws of the Cayman Islands on September 18, 2015. The Company, its subsidiaries, the consolidated variable interest entities (“VIEs”) and VIEs’ subsidiaries (collectively the “Group”) are primarily engaged in providing online education services in the People’s Republic of China (“PRC”).

 

As of December 31, 2022, details of the Company’s major subsidiaries, VIEs and VIEs’ subsidiaries were as follows:

 

Name (1)

 

Date of
establishment/
acquisition

 

Place of
establishment

 

Percentage of
direct or indirect
economic ownership

 

Principal activities

Subsidiaries:

 

 

 

 

 

 

 

 

Sunlands Online Education HK
   Limited ("Sunlands HK")

 

October 6, 2015

 

HongKong

 

100%

 

Investment holding

Wuhan Studyvip Online Education
   Co., Limited ("Wuhan Zhibo")

 

August 2, 2017

 

PRC

 

100%

 

Provision of technical consultation and services

Wuhan Zhidao Online Education Technology
   Co., Ltd. ("Wuhan Shangde")
(2)

 

June 25, 2019

 

PRC

 

100%

 

Provision of education services

 

 

 

 

 

 

 

 

Variable interest entities ("VIEs"):

 

 

 

 

 

 

 

 

Beijing Yuanchilaxiang Education Technology
   Co., Ltd. ("Beijing Sunlands")
(3)

 

September 27, 2013

 

PRC

 

N/A*

 

Investment holding and provision of education services

Tianjin Shangde Online Education Technology
   Co., Ltd. ("Tianjin Shangde")

 

March 21, 2018

 

PRC

 

N/A*

 

Provision of education services

Wuhan Jiayan Online Education Technology
   Co., Ltd. ("Wuhan Jiayan")

 

August 5, 2020

 

PRC

 

N/A*

 

Provision of education services

Beijing Lingding Management Consulting
   Co., Ltd. ("Beijing Lingding")

 

November 2, 2021

 

PRC

 

N/A*

 

Investment holding

 

 

 

 

 

 

 

 

VIEs’ subsidiaries:

 

 

 

 

 

 

 

 

Guangzhou Shangzhiside Education
   Technology Co., Ltd. ("Shangzhiside")

 

September 28, 2017

 

PRC

 

N/A*

 

Provision of education services

Beijing Feibian Education Technology
   Co., Ltd. ("Beijing Feibian")

 

August 6, 2020

 

PRC

 

N/A*

 

Provision of education services and sales of goods

Wuhan Fangtang Technology
   Co., Ltd. ("Wuhan Fangtang")

 

September 28, 2020

 

PRC

 

N/A*

 

Provision of education services

 

* These entities are consolidated by the Company pursuant to the contractual agreements disclosed below.

(1)
The English names are for identification purpose only.
(2)
Wuhan Zhidao Online Education Technology Co., Ltd. was formerly known as Wuhan Shangde Online Education Technology Co., Ltd.. The entity's name was changed in 2022.
(3)
Beijing Yuanchilaxiang Education Technology Co., Ltd. was formerly known as Beijing Shangde Online Education Technology Co., Ltd.. The entity's name was changed in 2022.