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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2019
SHARE-BASED COMPENSATION  
Schedule of assumptions used to estimate the fair values of the share options granted

 

 

 

 

 

 

 

 

 

    

2017

    

2018

    

2019

Risk-free rate of return

 

1.31%~1.76%

 

2.01%~2.63%

 

1.68%~2.63%

Contractual life of option

 

10 years

 

10 years

 

10 years

Estimated volatility rate

 

25%

 

27%~38%

 

30%~41%

Dividend yield

 

Nil

 

Nil

 

Nil

Fair value per ordinary share

 

US$5.89~$7.30

 

US$3.00 ~$9.51

 

US$2.37 ~$3.40

 

Schedule of employee option activity under the Plan

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

Weighted

    

 

 

 

 

 

Weighted

 

average

 

 

 

 

 

 

average

 

remaining

 

Aggregate

 

 

Number of

 

exercise

 

contractual

 

intrinsic

 

 

Options

 

price

 

term

 

value

 

 

 

 

US$

 

Years

 

US$

Outstanding at January 1, 2017

 

3,461,650

 

1.00

 

8.46

 

3,843

Granted

 

2,303,900

 

1.84

 

 

 

 

Forfeited

 

(1,866,225)

 

1.56

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2017

 

3,899,325

 

1.22

 

7.98

 

7,970

Granted

 

5,296,204

 

2.17

 

 

 

 

Forfeited

 

(304,900)

 

1.96

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

8,890,629

 

1.76

 

8.28

 

36,888

Granted

 

1,063,293

 

4.12

 

  

 

  

Forfeited

 

(2,086,050)

 

1.99

 

  

 

  

Exercised

 

(1,962,484)

 

0.76

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

5,905,388

 

2.44

 

7.96

 

22,807

 

 

 

 

 

 

 

 

 

Vested and Exercisable as of December 31, 2019

 

1,960,367

 

1.87

 

3.85

 

7,151

Vested or expected to vest as of December 31, 2019

 

5,905,388

 

2.44

 

7.96

 

22,807

 

Schedule of restricted share unit

 

 

 

 

 

 

    

Number of 

    

Weighted Average Grant Date

 

 

Restricted Stocks

 

Fair Value

 

 

 

 

US$

Restricted share units outstanding at January 1, 2019

 

 —

 

 —

Granted

 

3,050,427

 

3.90

Forfeited

 

(195,200)

 

3.10

Vested

 

(301,228)

 

4.60

Restricted share units outstanding at December 31, 2019

 

2,553,999

 

3.88

 

Schedule of share based compensation expense

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2017

    

2018

    

2019

 

 

RMB

 

RMB

 

RMB

General and administrative expenses

 

5,176

 

22,477

 

25,412

Selling and marketing expenses

 

3,674

 

23,561

 

24,772

Technology and content expenses

 

1,071

 

5,321

 

4,097

Total

 

9,921

 

51,359

 

54,281