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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share-Based Compensation (Tables) [Line Items]  
Schedule of estimate the fair values of the share options granted

 

For the years ended
December 31,

   

2019

 

2020

   

RMB

 

RMB

Risk-free interest rate

 

1.80%

 

0.66% – 0.71%

Volatility

 

37.34%

 

22.67% – 35.44%

Dividend yield

 

 

Life of options (in years)

 

10

 

10

Fair value of underlying ordinary shares

 

41.51

 

34.47

Schedule of options granted to employees and consultants

 

Number of options

 

Weighted
average
exercise
price
USD

 

Weighted average
grant
date fair
value
RMB

 

Weighted
average
remaining
contractual
term
(years)

 

Aggregate intrinsic
value

Options outstanding at January 1, 2019

 

 

 

 

 

   

Granted

 

13,870,252

 

 

0.0001

 

41.51

 

9.72

   

Options outstanding at December 31, 2019

 

13,870,252

 

 

0.0001

 

41.51

 

9.72

   

Granted (before Replacement Date)

 

2,034,961

 

 

0.0001

 

34.47

       

Forfeited (before Replacement Date)

 

(1,271,704

)

 

0.0001

 

40.86

       

Conversion due to recapitalization

 

(7,633,818

)

 

0.0002

 

37.22

       

Forfeited (after Replacement Date)

 

(21,000

)

 

0.0002

 

41.51

       

Options outstanding at December 31, 2020

 

6,978,691

 

 

0.0002

 

40.59

 

8.85

 

287,773

Options vested and expected to vest as of December 31, 2020

 

6,978,691

 

 

0.0002

 

40.59

 

8.85

 

287,773

Options exercisable as of December 31, 2020

 

2,693,250

 

 

0.0002

 

39.49

 

8.99

 

111,059

Schedule of the fair values of the options granted

 

For the years ended
December 31,

   

2019

 

2020

   

RMB

 

RMB

Weighted average grant date fair value of option per share

 

41.51

 

53.57

Aggregate grant date fair value of options

 

575,788

 

373,832

Schedule of share-based compensation expense

 

For the
year ended
December 31,
2020

Cost of revenue

 

7,375

Selling and marketing

 

11,740

General and administrative

 

145,508

Total share-based compensation expense

 

164,623

Schedule of share-based compensation expense of earn-out shares

 

For the
year ended
December 31,
2020

General and administrative

 

37,710

Fair Value, Inputs, Level 3 [Member]  
Share-Based Compensation (Tables) [Line Items]  
Schedule of estimate the fair values of the share options granted

 

For the
year ended
December 31,
2020

Risk-free interest rate

 

0.10% – 0.24%

Volatility

 

29.80% – 32.58%

Dividend yield

 

Life (in years)

 

0.45-2.45

Fair value of the underlying ordinary shares (USD)

 

8.17