Intangible Assets, Net

12 Months Ended

Dec. 31, 2021

Intangible Assets Net Excluding Goodwill [Abstract]

Intangible assets, net

6.Intangible assets, net

Intangible assets consists of the following:

	As of December 31,
	2020			2021
	RMB			RMB
Business Cooperation Agreement		1,535,017			1,554,046
Brand names		321,000			321,000
Non-compete commitment		79,141			79,141
Technology/platform		31,600			31,600
Total		1,966,758			1,985,787
Less: accumulated amortization		(598,917	)		(909,976	)
Intangible assets		1,367,841			1,075,811

Amortization expenses related to intangible assets were RMB196,628, RMB315,122, and RMB317,795 for the years ended December 31, 2019, 2020 and 2021, respectively. The Group expects to record amortization expenses of RMB324,236, RMB317,795, RMB232,283, RMB91,822, RMB109,675 for the years ending December 31, 2022, 2023, 2024, 2025, 2026 and thereafter, respectively.