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ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables) | 12 Months Ended
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Dec. 31, 2020
ORGANIZATION AND PRINCIPAL ACTIVITIES |
Schedule of the Company's Major Subsidiaries and VIEs |
|  |  |  | Place of |  |  |  |
|  | Date of |  | incorporation |  | Percentage of |  |
|  | incorporation |  | (or establishment) |  | ownership |  |
Name |  | or acquisition |  | /operation |  | % |  | Principal activity
Subsidiaries |  |  |  |  |  |  |  |
Ambow Education Management (Hong Kong) Ltd. |  | November 9, 2009 |  | Hong Kong |  | 100 | % | Investment Holding
Ambow Chuangying |  | January 18, 2008 |  | PRC |  | 100 | % | Investment Holding
Ambow Shengying |  | October 13, 2008 |  | PRC |  | 100 | % | Investment Holding
Beijing BoheLe |  | April 30, 2020 |  | PRC |  | 100 | % | Investment Holding
Ambow Education Inc. |  | July 5, 2016 |  | United States |  | 100 | % | Investment Holding
Ambow BSC Inc. |  | February 14, 2017 |  | United States |  | 100 | % | Investment Holding
Bay State College Inc. |  | November 20, 2017 |  | United States |  | 100 | % | CP&CE Programs
Ambow NSAD Inc. |  | May 8, 2019 |  | United States |  | 100 | % | Investment Holding
NewSchool |  | March 6, 2020 |  | United States |  | 100 | % | CP&CE Programs
|  |  |  | Place of |  |  |  |
|  | Date of |  | incorporation |  | Percentage of |  |
|  | incorporation |  | (or establishment) |  | ownership |  |
Name |  | or acquisition |  | /operation |  | % |  | Principal activity
Variable interest entities and subsidiaries of VIEs |  |  |  |  |  |  |  |
Ambow Shida |  | July 30, 2004 |  | PRC |  | 100 | % | Investment Holding
Shanghai Ambow |  | May 16, 2006 |  | PRC |  | 100 | % | Investment Holding
Ambow Sihua |  | April 17, 2007 |  | PRC |  | 100 | % | Investment Holding
Ambow Rongye Education and Technology Co., Ltd. (“Ambow Rongye”) |  | September 8, 2015 |  | PRC |  | 100 | % | Investment Holding
Ambow Zhixin Education and Technology Co., Ltd. (“Ambow Zhixin”) |  | October 14, 2015 |  | PRC |  | 100 | % | Investment Holding
IValley |  | March 13, 2017 |  | Taiwan |  | 100 | % | Investment Holding
Beijing Le’An |  | January 17, 2020 |  | PRC |  | 100 | % | Operational Services to K-12 School
Jinan Wangrong Investment Consulting Co., Ltd. |  | May 21,2010 |  | PRC |  | 100 | % | CP&CE Programs
Chongqing XiaTe Technology Development Co., Ltd. (“Chongqing XT Career Enhancement”) |  | January 13, 2011 |  | PRC |  | 100 | % | CP&CE Programs
Beijing Genesis Education Group (“Genesis Career Enhancement”) |  | May 1, 2011 |  | PRC |  | 100 | % | CP&CE Programs
Beijing Ambow Dacheng Education and Technology Co., Ltd. |  | December 2, 2013 |  | PRC |  | 100 | % | CP&CE Programs
GTE (Shanghai) Education Training Co., Ltd. (“GTE Shanghai”) |  | April 27, 2016 |  | PRC |  | 100 | % | CP&CE Programs
GTE (Beijing) Education Training School Co., Ltd. (“GTE Beijing”) |  | February 12, 2020 |  | PRC |  | 100 | % | CP&CE Programs
IValley Beijing |  | September 15, 2017 |  | PRC |  | 100 | % | CP&CE Programs
Beijing Century Zhisheng Education Technology Co., Ltd |  | July 26, 2007 |  | PRC |  | 100 | % | CP&CE Programs
Changsha Jingcai Education Technology Co., Ltd. |  | February 1, 2019 |  | PRC |  | 100 | % | Investment Holding
Beijing Zhong’an Ambow Culture Technology Co., Ltd. (“ZhongAn Ambow”) |  | May 1, 2019 |  | PRC |  | 51 | % | CP&CE Programs
|  |  |  | Place of |  |  |  |
|  | Date of |  | incorporation |  | Percentage of |  |
|  | incorporation |  | (or establishment) |  | ownership |  |
Name |  | or acquisition |  | /operation |  | % |  | Principal activity
Schools of VIEs |  |  |  |  |  |  |  |
Hunan Changsha Tongsheng Lake Experimental School (“Changsha K-12”) |  | June 18, 1999 |  | PRC |  | 100 | % | K-12 School
Shenyang Universe High School (“Shenyang K-12”) |  | December 8, 2003 |  | PRC |  | 100 | % | K-12 School
Shuyang Galaxy School (“Shuyang K-12”) |  | November 1, 2008 |  | PRC |  | 100 | % | K-12 School
Zhenjiang Ambow Education Training Center |  | June 15, 2009 |  | PRC |  | 100 | % | CP&CE Programs
Changsha FR Jingcai Xiuye Tutoring School Co., Ltd. |  | October 18, 2018 |  | PRC |  | 100 | % | CP&CE Programs
Changsha YL Jingcai Xiuye Tutoring School Co., Ltd. |  | January 29, 2019 |  | PRC |  | 100 | % | CP&CE Programs
Changsha YH Jingcai Xiuye Tutoring School Co., Ltd. |  | July 24, 2019 |  | PRC |  | 100 | % | CP&CE Programs
Changsha KF Jingcai Xiuye Tutoring School Co., Ltd. |  | December 11, 2020 |  | PRC |  | 100 | % | CP&CE Programs
Changsha WC Xiuye Tutoring School Co., Ltd. |  | February 1, 2019 |  | PRC |  | 100 | % | CP&CE Programs
Changsha FR Xiuye Tutoring School Co., Ltd. |  | February 1, 2019 |  | PRC |  | 100 | % | CP&CE Programs
Changsha TX Xiuye Tutoring School Co., Ltd. |  | December 3, 2019 |  | PRC |  | 100 | % | CP&CE Programs
Lanzhou Anning Ambow English Training School |  | May 16, 2011 |  | PRC |  | 100 | % | CP&CE Programs
Lanzhou Chengguan Ambow English Training School |  | March 5, 2012 |  | PRC |  | 100 | % | CP&CE Programs
Lanzhou Ambow Extracurricular Training School Co., Ltd. |  | November 7, 2018 |  | PRC |  | 100 | % | CP&CE Programs
Beijing Haidian Ambow Xinganxian Training School (“Beijing Xinganxian”) |  | March 28, 2005 |  | PRC |  | 100 | % | CP&CE Programs
Beijing Huairou Xinganxian Training School |  | March 10, 2011 |  | PRC |  | 100 | % | CP&CE Programs
Shandong Shichuang Software Training School |  | September 22, 2009 |  | PRC |  | 100 | % | CP&CE Programs
Schedule of Consolidated Financial Information of the Group's VIEs were Included in the Accompanying Consolidated Financial Statements of the Group |
|  | As of December 31,
|  | 2019 |  | 2020
|  | RMB |  | RMB
Total assets |  | 684,384 |  | 653,657
Total liabilities |  | 647,775 |  | 665,374
|  | Years ended December 31,
|  | 2018 |  | 2019 |  | 2020
|  | RMB |  | RMB |  | RMB
Net revenue |  | 447,834 |  | 503,221 |  | 411,805
Net income (loss) |  | 66,185 |  | (45,739) |  | (44,603)
Schedule of the Group's cash and cash equivalents in RMB held by the Group's VIEs and non-VIE in PRC |
|  | As of December 31,
|  | 2019 |  | 2020
|  | RMB |  | RMB
VIEs in PRC |  | 86,304 |  | 60,044
Non-VIEs in PRC |  | 52,115 |  | 4,207
Total |  | 138,419 |  | 64,251

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