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v3.20.1

Property and Equipment, net | 12 Months Ended
--- | ---
Dec. 31, 2019
Property and Equipment, net |
Property and Equipment, net | 7. Property and Equipment, net Property and equipment, net consists of the following:
|  | December 31, |  | December 31,
|  | 2018 |  | 2019
|  | RMB’000 |  | RMB’000
Electronic equipment and computers |  | 13,267 |  | 16,274
Office furniture and equipment |  | 1,575 |  | 2,130
Leasehold improvement |  | 3,066 |  | 4,191
Total |  | 17,908 |  | 22,595
Less: accumulated depreciation |  | (2,436) |  | (6,631)
Property and equipment, net |  | 15,472 |  | 15,964
Depreciation expenses were RMB 0.49 million, RMB 1.59 million and RMB 4.20 million for the years ended December 31, 2017, 2018 and 2019, respectively.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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