v3.20.1

Long-term Investments - Other Equity Investments - Additional Information (Details) |  |  | 1 Months Ended | 3 Months Ended | 12 Months Ended |
--- | --- | --- | --- | --- | --- | ---
Jun. 20, 2018 director | Jul. 26, 2017 director | Jan. 31, 2019 CNY (¥) | Apr. 30, 2017 CNY (¥) | Sep. 30, 2019 CNY (¥) | Dec. 31, 2018 CNY (¥) director | Mar. 31, 2017 CNY (¥) | Mar. 31, 2017 USD ($) | Dec. 31, 2019 CNY (¥)
Other equity investments |  |  |  |  |  |  |  |  |
Other equity investments |  |  |  |  |  | ¥ 66,390,898 |  |  | ¥ 45,726,391
Gain from change in fair value |  |  |  |  |  | 2,750,000 |  |  |
Beijing Empower Education Online Co., Ltd. ("EEO") |  |  |  |  |  |  |  |  |
Other equity investments |  |  |  |  |  |  |  |  |
Percentage of equity interest |  |  |  |  |  |  | 8.33% | 8.33% |
Cash consideration paid for other equity investments |  |  |  | ¥ 5,500,000 |  |  | ¥ 32,500,000 |  |
Other equity investments |  |  |  | ¥ 38,000,000 |  | 38,000,000 |  |  | 38,000,000
ApplySquare Education & Technology Co., Ltd. ("ApplySquare") |  |  |  |  |  |  |  |  |
Other equity investments |  |  |  |  |  |  |  |  |
Percentage of equity interest | 7.95% |  |  |  |  |  | 9.00% | 9.00% |
Cash consideration paid for other equity investments |  |  |  |  |  |  | ¥ 19,721,700 | $ 3,000,000 |
Other equity investments |  |  |  |  |  | 22,471,700 |  |  | 1,576,391
Right to number of director | director | 1 |  |  |  |  |  |  |  |
Gain from change in fair value |  |  |  |  |  | 2,750,000 |  |  |
Impairment loss recorded |  |  |  |  |  |  |  |  | 20,895,309
Beijing GlobalWisdom Information Technology Co., Ltd. ("GlobalWisdom") |  |  |  |  |  |  |  |  |
Other equity investments |  |  |  |  |  |  |  |  |
Percentage of equity interest |  | 6.8345% |  |  |  |  | 8.20% | 8.20% |
Cash consideration paid for other equity investments |  |  |  |  |  |  | ¥ 12,300,000 |  |
Other equity investments |  |  |  |  |  | 5,919,198 |  |  |
Right to number of director | director |  | 1 |  |  |  |  |  |  |
Impairment loss recorded |  |  |  |  |  | ¥ 6,380,802 |  |  |
Impairment loss |  |  |  |  | ¥ 5,919,198 |  |  |  |
Beijing Xiaozhi Education & Technology Co., Ltd. (''Xiaozhi Education") |  |  |  |  |  |  |  |  |
Other equity investments |  |  |  |  |  |  |  |  |
Percentage of equity interest |  |  |  |  |  | 20.00% |  |  |
Other equity investments |  |  |  |  |  |  |  |  | 6,000,000
Right to number of director | director |  |  |  |  |  | 1 |  |  |
Total exchange amount |  |  |  |  |  | ¥ 6,000,000 |  |  |
Cash paid |  |  | ¥ 6,000,000 |  |  |  |  |  |
Beijing Futou Technology Co., Ltd. ("Futou Technology") |  |  |  |  |  |  |  |  |
Other equity investments |  |  |  |  |  |  |  |  |
Other equity investments |  |  |  |  |  |  |  |  | ¥ 150,000
Beijing Futou Technology Co., Ltd. ("Futou Technology") | Huanqiuyimeng |  |  |  |  |  |  |  |  |
Other equity investments |  |  |  |  |  |  |  |  |
Percentage of equity interest |  |  |  |  |  |  |  |  | 15.00%

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