Nature of Operations and Reorganization (Tables)

12 Months Ended

Dec. 31, 2019

Nature of Operations and Reorganization

Schedule of ownership structure of the major subsidiaries and VIE


		Percentage
		of Direct or
		Indirect
	Place and year of	Economic
Major subsidiaries	Incorporation	Ownership		Principal activities
36Kr Holding Limited (“36Kr BVI” or “BVI Subsidiary”)	British Virgin Islands, established in 2018	100	%	Investment holding
36Kr Holdings (HK) Limited (“36Kr HK” or “HK Subsidiary”)	Hong Kong, established in 2018	100	%	Investment holding
Tianjin Duoke Investment Co., Ltd. (“Tianjin Duoke”)	The PRC, established in 2019	100	%	Investment holding
Tianjin Dake Information Technology Co., Ltd. (“Tianjin Dake”)	The PRC, established in 2019	100	%	Management consulting
Beijing Dake	The PRC, established in 2019	100	%	Management consulting


		Percentage
	Place and year of	of Economic
VIE	Incorporation	Ownership		Principal activities
Beijing Duoke	The PRC, established in 2016	100	%	36Kr Business


		Percentage
		of Economic
VIE’s subsidiaries	Place and year of Incorporation	Ownership		Principal activities
Tianjin Thirtysix Hearts Technology Co., Ltd.	The PRC, established in 2017	100	%	Offline training
Beijing Dianqier Creative Interactive Media Culture Co., Ltd. (“Dianqier”)	The PRC, established in 2017	100	%	Enterprise value‑added services
Zhejiang Pinxin Technology Co., Ltd.	The PRC, established in 2019	100	%	Investment holding

Schedule of financial information of the Group's VIE and the VIE's subsidiaries included in the accompanying consolidated financial statements

The following financial information of the Group’s VIE and the VIE’s subsidiaries as of December 31, 2018 and 2019 and for the years ended December 31, 2017, 2018 and 2019 is included in the accompanying consolidated financial statements of the Group as follows:


	December 31,	December 31,
	2018	2019
	RMB’000	RMB’000
Current assets:
Cash and cash equivalents	48,968	11,870
Restricted cash	—	501
Short‑term investments	145,451	40,096
Accounts receivable, net	182,269	538,537
Amounts due from the Company and its subsidiaries	—	15,807
Receivables due from related parties of the Group	11,018	4,393
Prepayments and other current assets	11,686	16,810
Non‑current assets:
Property and equipment, net	15,472	15,964
Intangible assets, net	255	356
Deferred tax assets	306	3,391
Total assets	415,425	647,725
Current liabilities:
Accounts payable	20,270	139,336
Salary and welfare payables	36,160	34,578
Taxes payable	16,917	32,441
Deferred revenue	4,227	8,161
Amounts due to the Company and its subsidiaries	—	116,097
Amounts due to related parties of the Group	1,979	—
Accrued liabilities and other payables	5,152	15,302
Total liabilities	84,705	345,915


	For the year ended December 31,
	2017	2018	2019
	RMB’000	RMB’000	RMB’000
Total revenues	120,507	299,093	655,241
Net income/(loss)	7,923	40,518	(5,058)


	For the year ended December 31,
	2017	2018	2019
	RMB’000	RMB’000	RMB’000
Net cash used in operating activities	(11,444)	(45,598)	(133,255)
Net cash (used in)/provided by investing activities	(105,892)	(56,294)	98,305
Net cash provided by/(used in) financing activities	162,979	104,716	(1,614)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash held in foreign currencies	—	501	(33)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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