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Property and equipment, net
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and equipment, net
10.Property and equipment, net

Property and equipment consists of the following:


   As of December 31, 
   2019   2020 
   RMB’000   RMB’000 
Cost:          
Buildings   102,795    75,092 
Motor vehicles   11,543    11,185 
Leasehold improvements   231,741    71,136 
Equipment, fixture and furniture, and other fixed assets   62,571    49,823 
Total cost   408,650    207,236 
           
Less: Accumulated depreciation   188,532    60,345 
           
Property and equipment, net   220,118    146,891 

Depreciation expense recognized for the years ended December 31, 2018,2019 and 2020 were RMB 50,868, RMB 52,622 and RMB 50,319, respectively.


As of December 31, 2018,2019 and 2020, the ownership certificates for buildings with carrying value of RMB25,604, RMB24,218 and nil have not been obtained, respectively.


As of December 31, 2018,2019 and 2020, the buildings with carrying value of nil, RMB60,328and RMB56,573 have been pledged for the purpose of obtaining bank facilities.