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Intangible assets, net (Tables)
 12 Months Ended
Dec. 31, 2019
Intangible assets, net  
Schedule of intangible assets, net
                                                                 
 
As of December 31, 2018
   
As of December 31, 2019
 
 
Cost
 
  
Accumulated
amortization
(Note a)
 
  
Impairment
 
  
Net
amount
 
  
Cost
 
  
Accumulated
amortization
(Note a)
 
  
Impairment
 
  
Net
amount
 
 
RMB
 
  
RMB
 
  
RMB
 
  
RMB
 
  
RMB
 
  
RMB
 
  
RMB
 
  
RMB
 
Domain names
 
 
15,040
 
 
 
(15,040
)
 
 
—  
 
 
 
—  
 
 
 
    14,396
 
 
 
    (14,396
) 
 
 
    —
 
 
 
    —
 
Customer Relationships
 
 
313,303
 
 
 
(299,317
)
 
 
—  
 
 
 
13,986
 
 
 
313,303
 
 
 
(313,303
) 
 
 
—
 
 
 
—
 
Trademarks
 
 
888,538
 
 
 
(885,674
)
 
 
—  
 
 
 
2,864
 
 
 
888,480
 
 
 
(886,948
) 
 
 
—
 
 
 
1,532
 
Non-compete
agreement
 
 
70,127
 
 
 
(70,127
)
 
 
—  
 
 
 
—  
 
 
 
70,127
 
 
 
(70,127
) 
 
 
—
 
 
 
—
 
Payment license (Note b)
 
 
319,660
 
 
 
—  
 
 
 
—  
 
 
 
319,660
 
 
 
319,660
 
 
 
—
 
 
 
—
 
 
 
319,660
 
Others
 
 
44,823
 
 
 
(11,318
)
 
 
(16,907
)
 
 
16,598
 
 
 
41,479
 
 
 
(8,454
) 
 
 
(16,907
) 
 
 
16,118
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
1,651,491
 
 
 
(1,281,476
)
 
 
(16,907
)
 
 
353,108
 
 
 
1,647,445
 
 
 
(1,293,228
) 
 
 
(16,907
) 
 
 
337,310
 
                                                                 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Note:
  (a) Amortization expenses for intangible assets were RMB340,816, RMB47,842 and RMB15,757 for the years ended December 31, 2017, 2018 and 2019, respectively. The Group expects to record amortization expenses of RMB1,162, RMB274, RMB95, RMB1 and nil for the years ending
December 31, 2020, 2021, 2022, 2023 and 2024, respectively.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (b) Payment license enables the Group to provide payment services and qualifies as a paying institution, has a legal life of 5 years. The Group renewed the license during the year ended December 31, 2017 and the expiry date will be June 2022. The Group believes it would be able to renew the payment license at minimal cost continuously and has the ability to do so. As a result, the payment license is considered by the Group as having an indefinite life because it is expected to contribute to net cash inflow indefinitely.