v3.22.2.2
Intangible assets, net
6 Months Ended
Jun. 30, 2022
Intangible assets, net  
Intangible assets, net

6.Intangible assets, net

The following table presents the Group’s intangible assets with definite lives as of the respective balance sheet dates:

    

December 31, 2021

    

June 30, 2022

RMB

RMB

(Unaudited)

Customer relationships

 

3,300

 

3,300

Trade names

 

4,822

 

4,822

Developed technology

 

17,833

 

17,833

Total Intangible assets

 

25,955

 

25,955

Less: accumulated amortization

 

(8,244)

 

(10,341)

impairment

(15,614)

Intangible assets, net

 

17,711

 

The Company acquired Longye on January 13, 2020 and identified the intangible assets of customer relationships, trade names and developed technology. The intangible assets are amortized using straight-line method, which is the Group’s best estimate of how these assets will be economically consumed over their respective estimated useful lives ranging from approximately 3 to 10 years. Amortization expense were RMB2.1 million and RMB2.1 million for the six months ended June 30, 2021 and 2022, respectively. Impairment was nil and RMB 15.6 million for the six months ended June 30, 2021 and 2022, respectively.