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Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
2016 Incentive Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of activities of the service based restricted share units

 

 

 

 

 

 

 

Number of

 

Weighted Average

 

 

restricted share

 

Grant Date

 

    

units

    

Fair Value

 

 

 

 

RMB

Unvested at January 1, 2017

 

63,728,544

 

0.28

Granted

 

7,772,731

 

0.47

Vested

 

(15,932,057)

 

0.28

Unvested at December 31, 2017

 

55,569,218

 

0.31

Vested

 

(16,942,984)

 

0.30

Forfeited

 

(4,386,961)

 

0.35

Unvested at December 31, 2018

 

34,239,273

 

0.30

Vested

 

(1,177,684)

 

0.47

Forfeited

 

(2,519,014)

 

0.38

Cancelled on September 7, 2019*

 

(30,542,575)

 

0.29

Unvested at December 31, 2019

 

 —

 

 —


*Please refer to Note 15 (c).

2019 Incentive Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of fair value assumptions on options

 

 

 

 

Grant date

    

September 7, 2019

 

Expected volatility

 

50.22

%

Expected dividend yield

 

 —

 

Contractual term (in year)

 

10

 

Risk-free interest rate

 

1.66

%

 

Summary of stock option activity under the 2019 Incentive Plan

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

 

    

Weighted average

 

 

 

 

Weighted average

 

Aggregate intrinsic

 

remaining

 

 

Number of

 

 exercise price

 

value

 

contractual

 

    

shares

    

US$ per share

    

US$

    

years

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 —

 

 —

 

 —

 

 —

Granted during the year

 

129,590,471

 

0.0001

 

 

 

 

Exercised during the year

 

 —

 

 —

 

 

 

 

Forfeited during the year

 

(3,187,546)

 

0.0001

 

 

 

 

Outstanding at December 31, 2019

 

126,402,925

 

0.0001

 

37,352,064

 

9.68