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RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2020

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

24. RELATED PARTY TRANSACTIONS

a.    Transactions

The Group entered into the following transactions with related parties:

		Years ended December 31,
Transactions		2018		2019		2020
		RMB		RMB		RMB
Balance netting off with Shandong Shichuang Software Engineering Co., Ltd., an entity controlled by Executive Principal of Ambow Research Center		(1,013)		(572)		572
Service purchased from Jinan QCY Intelligent Technology Co., Ltd., an entity significantly influenced by a member of management team of the Company		—		—		(3,401)
Service provided to Beijing QC Technology Company Limited, an entity significantly influenced by a member of management team of the Company		950		950		—
Service purchased from Beijing QC Technology Company Limited, an entity significantly influenced by a member of management team of the Company		(461)		—		(785)
Service purchased from URSUS Information Technology (Beijing) Company Limited, an entity significantly influenced by a member of management team of the Company		(428)		(873)		—
Service purchased from Beijing HJRT Technology  Co, Ltd, an entity significantly influenced by a member of management team of the Company		—		—		(264)

b.    The Group had the following balances with related parties:

		Amounts due from  related parties				Amounts due to related parties
		As of December 31,				As of December 31,
Relationship		2019		2020		2019		2020
		RMB		RMB		RMB		RMB
Shandong Shichuang Software Engineering Co., Ltd., an entity controlled by Executive Principal of Ambow Research Center		—		—		1,845		2,417
Jinan QCY Intelligent Technology Co., Ltd., an entity significantly influenced by a member of management team of the Company		—		774		—		—
Beijing QC Technology Company Limited, an entity significantly influenced by a member of management team of the Company		2,028		1,961		126		126
URSUS Information Technology (Beijing) Company Limited, an entity significantly influenced by a member of management team of the Company		202		201		—		—
Beijing HJRT Technology Co., Ltd., an entity significantly influenced by a member of management team of the Company		88		88		—		—
		2,318		3,024		1,971		2,543

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- References

No definition available.

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- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-URI http://asc.fasb.org/topic&trid=2122745

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864

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