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Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2018

Property Plant And Equipment [Abstract]

Summary of Property and Equipment Consisted

Property and equipment consisted of the following:

	As of December 31,
	2017			2018
	RMB			RMB
Leasehold and buildings improvements		40,675			91,265
Electronic and office equipment		16,061			29,936
Buildings ⁽¹⁾		485,588			480,271
Total cost		542,324			601,472
Less: Accumulated depreciation		(17,036	)		(41,961	)
Property and equipment, net		525,288			559,511

(1)

In 2017, the Group purchased two buildings in Wuhan (Building A and B) and one building in Guangzhou (Building C) with a total consideration of RMB480,271. RMB60,000 of the consideration was paid by a mortgage loan provided by a PRC bank in August 2018 (Note 12).