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Segment Information
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION

25.     SEGMENT INFORMATION

Operating segments are defined as components of an enterprise engaging in business activities for which separate financial information is available that is regularly evaluated by the Group’s chief operating decision makers (“CODM”) in deciding how to allocate resources and assess performance.

The Group’s CODM has been identified as the CEO. For the years ended December 31, 2018, 2019 and 2020, there are three operating segments identified including workspace membership, marketing and branding, and others.

The Group primarily operates in the PRC and substantially all of the Group’s long-lived assets are located in the PRC. The Group’s CODM evaluates performance based on each operating segment’s revenue and costs of revenue (excluding impairment loss). Revenues and cost of revenue (excluding impairment loss) by segment are presented below.

  

For the years ended
December 31,
   

2018

  

2019

  

2020
   

RMB

  

RMB

  

RMB

Revenue:

    

 

    

 

    

 

Workspace membership

  

394,356

 

  

557,994

 

  

422,984

 

Marketing and branding services

  

24,617

 

  

534,826

 

  

317,461

 

Other services

  

29,535

 

  

74,538

 

  

136,692

 

Total revenue

  

448,508

 

  

1,167,358

 

  

877,137

 

Cost of revenue (excluding impairment loss)

    

 

    

 

    

 

Workspace membership

  

(624,844

)

  

(814,002

)

  

(557,102

)

Marketing and branding services

  

(22,481

)

  

(485,473

)

  

(297,893

)

Other services

  

(16,284

)

  

(69,917

)

  

(113,074

)

Total cost of revenue (excluding impairment loss)

  

(663,609

)

  

(1,369,392

)

  

(968,069

)

The Group’s CODM does not review the financial position by operating segment, thus total assets by operating segment is not presented.