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Organization and Basis of Presentation
12 Months Ended
Dec. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Organization and Basis of Presentation

1.

ORGANIZATION AND BASIS OF PRESENTATION

Sunlands Technology Group (the “Company” or “Sunlands Technology”) was incorporated under the laws of the Cayman Islands on September 18, 2015. The Company, its subsidiaries, the consolidated variable interest entities (“VIEs”) and VIEs’ subsidiaries (collectively the “Group”) are primarily engaged in providing online education services in the People’s Republic of China (“PRC”).

 

As of December 31, 2021, details of the Company’s major subsidiaries, VIEs and VIEs’ subsidiaries were as follows:

 

Name (1)

 

Date of

establishment/

acquisition

 

Place of

establishment

 

Percentage

of direct

or indirect

economic

ownership

 

 

Principal activities

Subsidiaries:

 

 

 

 

 

 

 

 

 

 

Sunlands Online Education HK

   Limited ("Sunlands HK")

 

October 6, 2015

 

HongKong

 

100%

 

 

Investment holding

Wuhan Studyvip Online Education Co.,

   Ltd. ("Wuhan Zhibo")

 

August 2, 2017

 

PRC

 

100%

 

 

Provision of technical consultation and services

Tianjin Alaman Education Technology

   Co., Ltd. ("Tianjin Alaman")

 

July 31, 2017

 

PRC

 

100%

 

 

Provision of technical consultation and services

Wuhan Shangde Online Education

   Technology Co., Ltd. ("Wuhan

   Shangde")

 

June 25, 2019

 

PRC

 

100%

 

 

Provision of education services

 

 

 

 

 

 

 

 

 

 

 

Variable interest entities ("VIEs"):

 

 

 

 

 

 

 

 

 

 

Beijing Shangde Online Education

   Technology Co., Ltd. ("Beijing

   Sunlands")

 

September 27, 2013

 

PRC

 

N/A*

 

 

Investment holding and provision of education services

Tianjin Shangde Online Education

   Technology Co., Ltd. ("Tianjin

   Shangde")

 

March 21, 2018

 

PRC

 

N/A*

 

 

Provision of education services

Wuhan Jiayan Online Education

   Technology Co., Ltd. ("Wuhan

   Jiayan")

 

August 5, 2020

 

PRC

 

N/A*

 

 

Provision of education services

 

 

 

 

 

 

 

 

 

 

 

VIEs’ subsidiaries:

 

 

 

 

 

 

 

 

 

 

Beijing Baobian Consumer Technology

   Co., Ltd.

 

March 13, 2012

 

PRC

 

N/A*

 

 

Provision of education, consumer and technology services

Beijing Shangren Chongye Education

   Technology Co., Ltd.

 

September 27, 2013

 

PRC

 

N/A*

 

 

Provision of education services

Beijing Jiayan Online Education

   Technology Co., Ltd.

 

August 26, 2020

 

PRC

 

N/A*

 

 

Provision of education services

 

 

 

 

 

 

 

 

 

 

 

 

* These entities are controlled by the Company pursuant to the contractual agreements disclosed below.  

 

 

(1)

The English names are for identification purpose only.