Scienjoy Holding (SJ) 20-F 3 May 21 2020 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2020shares
Document Information Line Items
Entity Registrant Name	SCIENJOY HOLDING CORPORATION
Trading Symbol	SJ
Document Type	20-F
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	27,037,302
Amendment Flag	false
Entity Central Index Key	0001753673
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-38799
Entity Incorporation, State or Country Code	D8
Entity Address, Address Line One	3rd Floor
Entity Address, Address Line Two	JIA No.34
Entity Address, Address Line Three	Shenggu NanliChaoyang District
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100029
Entity Address, Country	CN
Title of 12(b) Security	Ordinary shares, no par value
Security Exchange Name	NASDAQ
Entity Interactive Data Current	No
Document Accounting Standard	U.S. GAAP
Business Contact [Member]
Document Information Line Items
Entity Address, Address Line One	3rd Floor
Entity Address, Address Line Two	JIA No.34
Entity Address, Address Line Three	Shenggu NanliChaoyang District
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100029
Entity Address, Country	CN
Contact Personnel Name	Xiaowu He
City Area Code	(86)
Local Phone Number	10–6642 8188
Contact Personnel Email Address	xiaowu.he@scienjoy.com

Consolidated Balance Sheets

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands		Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Current assets
Cash and cash equivalents		¥ 224,768	$ 34,447	¥ 137,351
Accounts receivable, net		228,214	34,975	120,110
Prepaid expenses and other current assets		13,753	2,108	11,557
Amounts due from related parties		7	1	7
Loan receivables - related parties				500
Total current assets		466,742	71,531	269,525
Property and equipment, net		1,356	208	736
Intangible assets, net		239,634	36,726	195
Goodwill		92,069	14,110
Long term investment		5,000	766	5,000
Long term deposits and other assets		1,382	212	2,761
Deferred IPO costs				1,307
Deferred tax assets		5,654	867	474
Total non-current assets		345,095	52,889	10,473
TOTAL ASSETS		811,837	124,420	279,998
Current liabilities
Accounts payable		67,089	10,281	27,163
Accrued salary and employee benefits		18,141	2,780	8,727
Accrued expenses and other current liabilities		12,358	1,894	6,852
Current portion of contingent consideration – earn-out liability		92,183	14,128
Warrant liabilities		29,558	4,530
Income tax payable		8,581	1,315	8,435
Loan payables - related parties				5,525
Amounts due to related parties				8,482
Deferred revenue		49,567	7,596	40,288
Total current liabilities		277,477	42,524	105,472
Non-current liabilities
Deferred tax liabilities		59,729	9,154
Contingent consideration – earn-out liability		15,116	2,317
Total non-current liabilities		74,845	11,471
TOTAL LIABILITIES		352,322	53,995	105,472
Commitments and contingencies Shareholders’ equity	[1]
Ordinary share, no par value, unlimited shares authorized, 19,400,000 and 27,037,302 shares issued and outstanding as of December 31, 2019 and 2020, respectively		(96,349)	(14,766)	9,664
Shares to be issued		200,100	30,667
Statutory reserves		18,352	2,813	12,059
Retained earnings		322,610	49,442	152,803
Accumulated other comprehensive income		14,802	2,269
Total shareholders’ equity		459,515	70,425	174,526
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		¥ 811,837	$ 124,420	¥ 279,998
[1]	Ordinary shares, additional paid-in capital and share data have been retroactively restated to give effect to the reverse recapitalization

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - ¥ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Ordinary stock, par value (in Yuan Renminbi per share)
Ordinary stock, shares authorized	Unlimited	Unlimited
Ordinary stock, shares issued	27,037,302	19,400,000
Ordinary stock, shares outstanding	27,037,302	19,400,000

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income ¥ in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2020CNY (¥)¥ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019CNY (¥)¥ / sharesshares	Dec. 31, 2018CNY (¥)¥ / sharesshares
Statement of Comprehensive Income [Abstract]
Live streaming - consumable virtual items revenue		¥ 1,187,431	$ 181,982	¥ 884,385	¥ 716,561
Live streaming - time based virtual item revenue		29,596	4,536	26,812	26,432
Technical services		5,156	790	3,429	25
Total revenue		1,222,183	187,308	914,626	743,018
Cost of revenues		(959,939)	(147,117)	(720,637)	(594,084)
Gross profit		262,244	40,191	193,989	148,934
Sales and marketing expenses		(10,121)	(1,551)	(3,804)	(5,005)
General and administrative expenses		(33,889)	(5,194)	(11,957)	(16,265)
Research and development expenses		(31,780)	(4,870)	(21,523)	(10,957)
Provision (recovery) for doubtful accounts		8,253	1,265	(854)	(6,826)
Income from operations		194,707	29,841	155,851	109,881
Interest income		2,960	454	1,005	1,444
Other income (loss), net		(4,702)	(721)	(310)	31
Foreign exchange gain (loss), net		703	108	(5)	11
Change in fair value of warrant liabilities		3,904	597
Change in fair value of contingent consideration		(14,068)	(2,156)
Income before income taxes		183,504	28,123	156,541	111,367
Income tax expense		(7,404)	(1,135)	(6,623)	(4,627)
Net income		176,100	26,988	149,918	106,740
Other comprehensive income - foreign currency translation adjustment		14,802	2,269
Comprehensive income attributable to the Company’s shareholders		¥ 190,902	$ 29,257	¥ 149,918	¥ 106,740
Weighted average number of shares *
Basic (in Shares)	[1]	23,287,706	23,287,706	19,400,000	19,400,000
Diluted (in Shares)	[1]	26,828,666	26,828,666	20,002,000	20,002,000
Earnings per share
Basic (in Dollars per share and Yuan Renminbi per share) | (per share)		¥ 7.56	$ 1.16	¥ 7.73	¥ 5.50
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share)		¥ 6.56	$ 1.01	¥ 7.50	¥ 5.34
[1]	Ordinary shares, additional paid-in capital and share data have been retroactively restated to give effect to the reverse recapitalization.

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders’ Equity ¥ in Thousands, $ in Thousands		Ordinary sharesCNY (¥)shares	Ordinary sharesUSD ($)shares	Shares to be issuedCNY (¥)	Shares to be issuedUSD ($)	Statutory reservesCNY (¥)	Statutory reservesUSD ($)	Retained earningsCNY (¥)	Retained earningsUSD ($)	Accumulated other comprehensive incomeCNY (¥)	Accumulated other comprehensive incomeUSD ($)	CNY (¥)	USD ($)
Balance at Dec. 31, 2017		¥ 43,593				¥ 8,665		¥ 232,629				¥ 284,887
Balance (in Shares) at Dec. 31, 2017 | shares	[1]	19,400,000	19,400,000
Net income								106,740				106,740
Foreign currency translation adjustments
Capital distribution due to reorganization		(10,000)										(10,000)
Capital contribution		8,399										8,399
Appropriation to statutory reserves						1,658		(1,658)
Dividends distribution to shareholders								(333,090)				(333,090)
Balance at Dec. 31, 2018		¥ 41,992				10,323		4,621				56,936
Balance (in Shares) at Dec. 31, 2018 | shares	[1]	19,400,000	19,400,000
Net income								149,918				149,918
Foreign currency translation adjustments
Capital distribution due to reorganization		(32,328)										(32,328)
Appropriation to statutory reserves						1,736		(1,736)
Balance at Dec. 31, 2019		¥ 9,664				12,059		152,803				174,526
Balance (in Shares) at Dec. 31, 2019 | shares	[1]	19,400,000	19,400,000
Conversion of convertible notes and rights		¥ 4,038										4,038
Conversion of convertible notes and rights (in Shares) | shares	[1]	63,250	63,250
Issuance of ordinary shares for underwriting fee payables		¥ 14,131										14,131
Issuance of ordinary shares for underwriting fee payables (in Shares) | shares	[1]	402,983	402,983
Contingent consideration-earn-out liability from SPAC Transaction		¥ (266,828)										(266,828)
Effect of reverse merger recapitalization		¥ (51,067)										(51,067)
Effect of reverse merger recapitalization (in Shares) | shares	[1]	2,249,350	2,249,350
Conversion of rights to ordinary shares upon the reverse merger recapitalization
Conversion of rights to ordinary shares upon the reverse merger recapitalization (in Shares) | shares	[1]	602,000	602,000
Issuance of ordinary shares to underwriter and advisors		¥ 18,713										18,713
Issuance of ordinary shares to underwriter and advisors (in Shares) | shares	[1]	533,000	533,000
Issuance of ordinary shares for BeeLive Acquisition		¥ 175,000										175,000
Issuance of ordinary shares for BeeLive Acquisition (in Shares) | shares	[1]	3,786,719	3,786,719
Shares to be issued for achievement of earnout target				200,100								200,100
Net income								176,100				176,100	$ 26,988
Foreign currency translation adjustments										14,802		14,802	2,269
Appropriation to statutory reserves						6,293		(6,293)
Balance at Dec. 31, 2020		¥ (96,349)		¥ 200,100		¥ 18,352		¥ 322,610		¥ 14,802		¥ 459,515	70,425
Balance (in Shares) at Dec. 31, 2020 | shares	[1]	27,037,302	27,037,302
Balance (in Dollars) | $			$ (14,766)		$ 30,667		$ 2,813		$ 49,442		$ 2,269		$ 70,425
Balance (in Shares) | shares	[1]	27,037,302	27,037,302
[1]	Ordinary shares, additional paid-in capital and share data have been retroactively restated to give effect to the reverse recapitalization.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Cash flows from operating activities
Net income	¥ 176,100	$ 26,988	¥ 149,918	¥ 106,740
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation of property and equipment	555	85	655	1,167
Amortization of intangible assets	1,749	268	26	24
Provision (recovery) for doubtful accounts	(8,253)	(1,265)	854	6,826
Loss from disposal of property and equipment			2
Deferred tax expenses (benefit)	1,945	298	(191)	87
Change in fair value of contingent consideration	14,068	2,156
Change in fair value of warrant liabilities	(3,904)	(598)
Changes in operating assets and liabilities
Accounts receivable	(70,513)	(10,807)	100,432	15,297
Prepaid expense and other current assets	5,193	796	18,553	(24,445)
Long term deposits and other assets	1,379	211	(258)	66
Accounts payable	28,396	4,352	(54,533)	18,243
Deferred revenue	1,404	215	1,886	(17,913)
Accrued salary and employee benefits	8,028	1,230	4,603	316
Accrued expenses and other current liabilities	(852)	(131)	6,520	(161)
Income tax payable	146	22	419	1,039
Net cash provided by operating activities	155,441	23,820	228,886	107,286
Cash flows from investing activities
Cash acquired from acquisition	10,152	1,556
Payment to BeeLive acquisition	(50,000)	(7,663)
Payment for long term investment			(5,000)
Purchase of property and equipment and intangible assets	(1,086)	(167)	(457)	(553)
Net cash used in investing activities	(40,934)	(6,274)	(5,457)	(553)
Cash flows from financing activities
Dividend distributions to shareholders			(104,590)	(228,500)
Net cash acquired in the reverse recapitalization	32,659	5,005
Capital distribution due to reorganization			(32,328)	(10,000)
Capital contribution				8,399
Repayments to loan	(57,400)	(8,797)
Repayments from related parties	22,340	3,424	31,000	59,215
Loan to related parties	(14,007)	(2,147)	(44,147)
Payment of listing cost	(6,924)	(1,061)	(1,307)
Net cash used in financing activities	(23,332)	(3,576)	(151,372)	(170,886)
Effect of foreign exchange rate changes on cash	(3,758)	(573)
Net (decrease) increase in cash and cash equivalents	87,417	13,397	72,057	(64,153)
Cash and cash equivalents at beginning of the year	137,351	21,050	65,294	129,447
Cash and cash equivalents at end of the year	224,768	34,447	137,351	65,294
Supplemental disclosures of cash flow information:
Income taxes paid	(6,946)	(1,064)	(6,977)	(3,501)
Supplemental non-cash investing and financing information:
Non-cash dividend distribution to shareholders				104,590
Conversion of convertible notes and rights	4,038	619
Recognition of contingent consideration	306,583	46,986
Issuance of ordinary shares for BeeLive acquisition	175,000	26,820
Issuance of ordinary shares for settlement of underwriting fee	14,131	2,166
Issuance of ordinary shares to underwriter and advisors	18,713	2,868
Shares to be issued for achievement of earnout target	¥ 200,100	$ 30,667

Organization and Principal Acti

Organization and Principal Activities	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
ORGANIZATION AND PRINCIPAL ACTIVITIES	1. ORGANIZATION AND PRINCIPAL ACTIVITIES Scienjoy Holding Corporation (the “Company” or “Scienjoy”) through its subsidiaries, and variable interest entities(“VIE”) and its subsidiaries are principally engaged in operating its own live streaming platforms in the People’s Republic of China (the “PRC”), which enable users to view and interact with broadcasters through online chat, virtual items and playing games. The primary theme of the Company’s platform is entertainment live streaming. (a) Reverse recapitalization On May 7, 2020, the Company, formerly known as Wealthbridge Acquisition Limited (“Wealthbridge”), consummated the transactions (the “SPAC Transaction”) contemplated by the Share Exchange Agreement (the “Share Exchange Agreement”) dated as of October 28, 2019, pursuant to which the Company acquired 100% of the issued and outstanding equity interests of Scienjoy Inc. and changed its name to Scienjoy Holding Corporation. Upon the closing of the Transaction, the Company acquired 100% of the issued and outstanding equity interests of Scienjoy Inc. in exchange for approximately in aggregated of 19.4 million ordinary shares, including 3 million ordinary shares as part of earn-out consideration that was issued to the previous owners of Scienjoy Inc. (Note -2). Scienjoy Inc. was determined to be the accounting acquirer given that the original shareholders of Scienjoy Inc. effectively controlled the combined entity after the Transaction. The Transaction is not a business combination because Wealthbridge was not a business. The transaction is accounted for as a reverse recapitalization, which is equivalent to the issuance of shares by Scienjoy Inc. for the net monetary assets of Wealthbridge, accompanied by a recapitalization. Scienjoy Inc. is determined as the predecessor, and the historical financial statements of Scienjoy Inc. became the Company’s historical financial statements, with retrospective adjustments to give effect of the reverse recapitalization. The share and per share data is retrospectively restated to give effect to the reverse recapitalization. (b) Reorganization On January 1, 2018, Tongfang Investment Fund Series SPC (“TF”) completed the acquisition of a 65% equity interest in Sixiang Times (Beijing) Technology Co., Ltd (“Sixiang Times”) from NQ Mobile Inc. Through the acquisition of Sixiang Times, TF acquired a controlling position in Holgus Sixiang Information Technology Co., Ltd (“Holgus X”), Kashgar Sixiang Times Internet Technology Co., Ltd (“Kashgar Times”), Beijing Sixiang Shiguang Technology Co., Ltd (“SG”), Hai Xiu (Beijing) Technology Co., Ltd (“HX”) and Beijing Le Hai Technology Co., Ltd (“LH”). On May 18, 2017, Scienjoy Inc. established its wholly owned subsidiary in Hong Kong, Scienjoy International Limited (“Scienjoy HK”), as a holding company holding all of the outstanding shares of Sixiang Wuxian (Beijing) Technology Co., Ltd (“WX” or “WFOE”) which was established in PRC on October 17, 2017 under the laws of the People’s Republic of China as a holding company holding all of the equity interest of Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”),which was incorporated on July 5, 2018. Scienjoy Inc. established ZH (through WX), as a holding company for purpose of holding all of the outstanding equity interest of Holgus X and Kashgar Times, as follows: (i) On July 18, 2018, Sixiang Times and ZH executed an equity transfer agreement. Pursuant to the agreement, 100% equity interest in Holgus X was transferred to ZH. (ii) On July 24, 2018, Sixiang Times and ZH executed an equity transfer agreement. Pursuant to the agreement, 100% equity interest in Kashgar Times was transferred to ZH. In consideration of the transfer, the Company paid RMB10,000 to the former shareholders of Kashgar Times. On November 16, 2018, Sixiang Times and other minority shareholders respectively entered into certain equity transfer agreements with Sixiang Huizhi (Beijing) Technology Culture Co., Ltd. (“HZ”) and Tianjin Sihui Peiying Technology Co., Ltd. (“SY”), and transfer 100% equity interest in SG to HZ, and transfer 100% equity interest in HX and LH to HZ and SY accordingly. Both HZ and SY were ultimately controlled by TF. On January 28, 2019, HZ and SY executed equity transfer agreement with Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”). Pursuant to the agreement, 100% equity interest in SG, HX and LH were transferred to QY which is ultimately controlled by TF. In consideration of the transfer, Scienjoy Inc. paid RMB 32,000 to the former shareholders of SG, HX and LH. On January 29, 2019, Scienjoy Inc., through its wholly owned subsidiary WFOE, entered into a series of contractual arrangements (VIE Agreements) with QY and its respective shareholders, and in substance controlled all equity shares, risk and reward of SG, HX and LH through QY accordingly as a primary beneficiary of QY. On January 29, 2019, Scienjoy Inc. completed its reorganization of entities under the common control of the founders. Scienjoy, Scienjoy HK, WX (or WFOE) and ZH were established as holding Companies. WFOE holds 100% of equity interests of ZH which holds 100% of equity interest in Kashgar Times and Holgus X. WFOE is the primary beneficiary of QY which holds 100% equity interest in SG, HX and LH. These transactions were between entities under common control, and therefore accounted for in a manner similar to the pooling of interest method. Under the pooling-of-interests method, combination between two businesses under common control is accounted for at carrying amounts with retrospective adjustment of prior period financial statements, and the equity accounts of the combining entities are combined and the difference between the consideration paid and the net assets acquired is reflected as an equity transaction (i.e., distribution to parent company). As opposed to the purchase method of accounting, no intangible assets are recognized in the transaction, and no goodwill is recognized as a result of the combination. (c) Recent developments In December 2019, a novel strain of coronavirus (COVID-19) surfaced. COVID-19 has spread rapidly to many parts of the PRC and other parts of the world in the first half of 2020, which has caused significant volatility in the PRC and international markets. In the year ended December 31, 2020, the COVID-19 pandemic did not have a material net impact on the Company’s financial positions and operating results. The extent of the impact on the Company’s future financial results will be dependent on future developments such as the length and severity of the crisis, the potential resurgence of the crisis, future government actions in response to the crisis and the overall impact of the COVID-19 pandemic on the global economy and capital markets, among many other factors, all of which remain highly uncertain and unpredictable. Given this uncertainty, the Company is currently unable to quantify the expected impact of the COVID-19 pandemic on its future operations, financial condition, liquidity and results of operations if the current situation continues. The Company determined that, as of December 31, 2020, the Company qualified as a “foreign private issuer” as defined in Rule 405 under the Securities Act of 1933, as amended, and Rule 3b-4 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Accordingly, effective immediately after the filing of the Form 8-K announcing this determination on July 1, 2020, the Company has begun reporting under the Exchange Act as a foreign private issuer, including the filing of annual reports on Form 20-F and current reports on Form 6-K. In addition, the Company is no longer subject to certain reporting obligations that are only applicable to domestic registrants, which include, but are not limited to, the federal proxy rules under the Exchange Act. On January 10, 2020, the Company entered into a purchase agreement with the former shareholder of Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) to acquire 100% equity interest in LXZ with a cash consideration of RMB 200 (US$28). On July 23, 2020, the Company established a wholly owned subsidiary Kashgar Sixiang Lehong Information Technology Co., Ltd. (“Kashgar Lehong”) in Kashgar, PRC to provide information technology service. On December 11, 2020, the Company established a wholly owned subsidiary Holgus Sixiang Haohan Internet Technology Co., Ltd. (“Holgus H”) in Holgus, PRC to provide information technology service. On December 23, 2020, the Company established a wholly owned subsidiary Sixiang ZhiHui(HaiNan) Technology Co., Ltd (“ZHHN”) in Hainan, PRC to provide information technology service. On March 2, 2021, the Company established a wholly owned subsidiary ZhiHui QiYuan(HaiNan) Investment Co,. Ltd (“QYHN”) in Hainan, PRC to provide information technology service. (d) Organization Subsidiaries of the Company and VIEs where the Company is the primary beneficiary include the following: Subsidiaries Date of Place of Percentage of ownership Principal activities Scienjoy Inc. March 2, 2017 Cayman Islands 100% Holding Company Scienjoy International Limited (“Scienjoy HK”) May 18, 2017 Hong Kong 100% Holding Company Sixiang Wuxian (Beijing) Technology Co., Ltd. (“WX” or “WFOE”) October 17, 2017 The PRC 100% Holding Company Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”) July 5, 2018 The PRC 100% Holding Company Holgus Sixiang Information Technology Co., Ltd. (“Holgus X”) May 9, 2017 The PRC 100% Live streaming platform Kashgar Sixiang Times Internet Technology Co., Ltd. (“Kashgar Times”) March 2, 2016 The PRC 100% Live streaming platform Scienjoy BeeLive Limited (formerly known as Sciscape International Limited, “SIL”) December 18, 2017 Hong Kong 100% Live streaming platform Kashgar Sixiang Lehong Information Technology Co., Ltd (“Kashgar Lehong”) July 23, 2020 The PRC 100% Information technology Holgus Sixiang Haohan Internet Technology Co., Ltd.(“Holgus H”) (a wholly owned subsidiary of ZH) December 11, 2020 The PRC 100% Information technology Sixiang ZhiHui(HaiNan) Technology Co., Ltd (“ZHHN”) (a wholly owned subsidiary of ZH) December 23, 2020 The PRC 100% Live streaming platform ZhiHui QiYuan(HaiNan) Investment Co,. Ltd (“QYHN”) (a wholly owned subsidiary of ZH) March 2, 2021 The PRC 100% Live streaming platform VIEs Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”) January 22, 2019 The PRC 100% Holding Company Beijing Sixiang Shiguang Technology Co., Ltd. (“SG”) October 28, 2011 The PRC 100% Live streaming platform Hai Xiu (Beijing) Technology Co., Ltd. (“HX”) April 18, 2016 The PRC 100% Live streaming platform Beijing Le Hai Technology Co., Ltd. (“LH”) June 16, 2015 The PRC 100% Live streaming platform Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) July 18, 2018 The PRC 100% Live streaming platform Sixiang Mifeng (Tianjin) Technology Co., Ltd (“DF”, formerly known as Tianjin Guangju Dingfei Technology Co., Ltd) August 8, 2016 The PRC 100% Live streaming platform Changxiang Infinite Technology (Beijing) Co., Ltd. (“CX”) (a wholly owned subsidiary of DF) September 22, 2016 The PRC 100% Live streaming platform On January 29, 2019, the Company completed its reorganization of entities under the common control of the founders. Scienjoy, Scienjoy HK, WX (or WFOE) and ZH were established as holding Companies. WFOE holds 100% of equity interests of ZH which holds 100% of equity interest in Kashgar Times and Holgus X. WFOE is the primary beneficiary of QY which holds 100% equity interest in SG, HX and LH. All of these entities included in the Company are under common control, which results in the consolidation of QY and ZH which have been accounted for as a reorganization of entities under common control at carry value. The consolidated financial statements are prepared on the basis as if the reorganization became effective as of the beginning of the first period presented in the accompanying consolidated financial statements of the Company. Foreign ownership of Internet-based businesses, including distribution of online information (such as game content provider), is subject to restrictions under current PRC laws, regulations, and other applicable laws and regulations. The Company is a Cayman Island company and WFOE (its PRC subsidiary) is considered a foreign invested enterprise. To comply with these regulations, the Company operates the live streaming platforms through SG, HX and LH in PRC (its consolidated VIE). As such, QY is controlled through contractual arrangements in lieu of direct equity ownership by the Company or any of its subsidiaries. Such contractual arrangements consist of a series of three agreements and a shareholder power of attorney (collectively the “Contractual Arrangements”, which were signed on January 29, 2019). The following is a summary of the various VIE agreements: Exclusive Option Agreements Pursuant to the exclusive option agreement (including its amendment or supplementary agreements, if any, the “Exclusive Option Agreement”) amongst WFOE, QY and the nominee shareholders who collectively owned all of QY, the nominee shareholders irrevocably granted WFOE or its designated party, an exclusive option to purchase all or part of the equity interests held by the nominee shareholders in QY, when and to the extent permitted under PRC law, at an amount equal to the lowest permissible purchase price as set by PRC law. QY cannot declare any profit distributions, or create any encumbrances in any form without the prior written consent of WFOE. The nominee shareholders must remit in full any funds received from QY to WFOE, in the event any distributions are made by the VIE pursuant to any written consents of WFOE. The Exclusive Option Agreement shall remain effective for twenty (20) years and shall be automatically extended for an additional period of one (1) year. The additional period automatically enters the renewal extension of one (1) year at the end of each extended additional period. WFOE has the right to terminate this agreement at any time after giving a thirty (30) days’ prior termination notice. Exclusive Business Cooperation Agreements Pursuant to the exclusive business cooperation agreement (including its amendment or supplementary agreements, if any, the “Exclusive Business Cooperation Agreement”) between WFOE and the VIE, WFOE is to provide exclusive business support, technical and consulting services related to all technologies needed for its business in return for fees that equals to all of the consolidated net income after offsetting previous year’s loss (if any) of SG, HX and LH. The service fees may be adjusted by WFOE based on the following factors: ● complexity and difficulty of the services pursuant to the business cooperation agreement to the VIE during the month (the “Monthly Services”) ● the number of WFOE’s employees who provided the Monthly Services and the qualifications of the employees; ● the number of hours WFOE’s employees spent to provide the Monthly Services; ● nature and value of the Monthly Services; ● market reference price; and ● the VIE’ operating conditions for the month. The term of the Exclusive Business Cooperation Agreement is twenty (20) years and shall be automatically extended for an additional period of one (1) year. The additional period automatically enters the renewal extension of one (1) year at the end of each extended additional period. Besides, WFOE has the right to terminate this agreement at any time after giving a thirty (30) days’ prior termination notice. Power of Attorney Agreements The nominee shareholders entered into the power of attorney agreement (including its amendment or supplementary agreements, if any, the “Power of Attorney Agreement”) whereby they granted an irrevocable proxy of the voting rights underlying their respective equity interests in the VIE to WFOE, which includes, but are not limited to, all the shareholders’ rights and voting rights empowered to the nominee shareholders by the PRC company law and the VIE’s Article of Association. The power of attorney remains irrevocable and continuously valid from the date of execution so long as each shareholder remains as a shareholder of QY. Share Pledge Agreements Pursuant to the share pledge agreement (including its amendment or supplementary agreements, if any, the “Share Pledge Agreement”) between WFOE, QY and the nominee shareholders, the nominee shareholders have pledged all their equity interests in the VIE to guarantee the performance of the VIE’ obligations under the Exclusive Option Agreement, Exclusive Business Cooperation Agreement and Power of Attorney Agreement. If the VIE breaches their respective contractual obligations under those agreements, WFOE, as pledgee, will be entitled to certain rights, including the right to sell the pledged equity interests. The nominee shareholders agreed not to transfer, sell, pledge, dispose of or otherwise create any new encumbrance on their equity interests in the VIE without the prior written consent of WFOE. The Share Pledge Agreement shall be continuously valid until all the its obligations under the VIE Agreements have been fulfilled, or the VIE Agreements are terminated, or the secured debts has been fully executed. Based on the foregoing contractual arrangements, which grant WFOE effective control of QY and its subsidiaries and obligate WFOE to absorb all of the risk of loss from their activities and enable WFOE to receive all of their expected residual returns, the Company accounts for QY as a VIE. Accordingly, the Company consolidates the accounts of QY for the periods presented herein, in accordance with Regulation S-X-3A-02 promulgated by the Securities Exchange Commission (“SEC”) and Accounting Standards Codification (“ASC”) 810-10, Consolidation. The following tables represent the financial information of the consolidated VIE and its subsidiaries as of December 31, 2018 and 2019 before eliminating the intercompany balances and transactions between the VIE and other entities within the Company: As of December 31, 2019 2020 2020 RMB RMB USD ASSETS Current assets Cash and cash equivalents 43,907 72,179 11,062 Accounts receivable, net 65,357 183,555 28,131 Prepaid expenses and other current assets 6,104 11,728 1,797 Loan receivables - related parties 500 - - Amounts due from inter-companies (1) 131,380 130,987 20,075 Total current assets 247,248 398,449 61,065 Non-current assets Property and equipment, net 575 1,195 183 Intangible assets, net 186 239,609 36,722 Goodwill - 92,069 14,110 Deferred tax assets 474 5,004 767 Long term deposits and other assets 1,051 950 146 Deferred IPO cost 1,307 - - Long term investments 5,000 5,000 766 Total non-current assets 8,593 343,827 52,694 TOTAL ASSETS 255,841 742,276 113,759 LIABILITIES Current liabilities Accounts payable 22,138 58,713 8,998 Deferred revenue 22,418 35,259 5,404 Accrued salary and employee benefits 7,594 16,069 2,463 Accrued expenses and other current liabilities 1,991 8,921 1,367 Income tax payable 8,435 8,581 1,315 Amounts due to related parties 8,482 - - Amounts due to inter-companies (1) 133,600 248,127 38,027 Current portion of contingent consideration – earn-out liability - 16,365 2,508 Total current liabilities 204,658 392,035 60,082 Non-current liabilities Deferred tax liabilities - 59,729 9,154 Contingent consideration – earn-out liability - 15,116 2,317 Total non-current liabilities - 74,845 11,471 TOTAL LIABILITIES 204,658 466,880 71,553 (1) Amount due from/to inter-companies consist of intercompany receivables/payables to the other companies within the Company. All revenue-producing assets recognized by the Company, including trademarks, patents, copyrights and software, that are held by the VIE, please refer to Note 8. There are no unrecognized revenue-producing assets. Summarized below is the information related to the financial performance of the VIE reported in the Company’s consolidated statements of income for the years ended December 31, 2018, 2019 and 2020, respectively: For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Net revenues 410,810 700,729 940,783 144,181 Third party customers 393,207 635,855 936,551 143,532 Inter-companies 17,603 64,874 4,232 649 Net (loss) income (32,108 ) 36,982 45,722 7,007 For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Net cash (used in) provided by operating activities (4,003 ) 60,234 270,927 41,521 Net cash used in investing activities (357 ) (5,347 ) (323,670 ) (49,605 ) Net cash used in financing activities (9,750 ) (28,682 ) 80,247 12,298

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of presentation and principles of consolidation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”). The consolidated financial statements include the financial statements of the Company and its subsidiaries, and its VIE and VIE’s subsidiaries over which the Company exercises control and, when applicable, entities for which the Company has a controlling financial interest or is the primary beneficiary. All significant inter-company transactions and balances between the Company, its subsidiaries and the VIE are eliminated upon consolidation. (b) Business combinations The Company accounts for all business combinations under the purchase method of accounting in accordance with ASC 805, Business Combinations (“ASC 805”). The purchase method of accounting requires that the consideration transferred to be allocated to net assets including separately identifiable assets and liabilities the Company acquired, based on their estimated fair value. The consideration transferred in an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred, and equity instruments issued as well as the contingent considerations and all contractual contingencies as of the acquisition date. The costs directly attributable to the acquisition are expensed as incurred. Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of (i) the total of the cost of the acquisition, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the identifiable net assets of the acquiree, the difference is recognized directly in earnings. The determination and allocation of fair values to the identifiable net assets acquired and liabilities assumed is based on various assumptions and valuation methodologies requiring considerable judgment from management. Although the Company believes that the assumptions applied in the determination are reasonable based on information available at the date of acquisition, actual results may differ from forecasted amounts and the differences could be material. (c) Use of estimates The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Areas where management uses subjective judgment include, but are not limited to revenue recognition, estimating the useful lives of long-lived assets and intangible assets, valuation assumptions in performing asset impairment tests of long-lived assets, fair value of warrant liabilities and contingent liability, allowance for doubtful accounts, and valuation of deferred taxes and deferred tax assets. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements. (d) Foreign currency The functional currency of the Company is in US dollars and the functional currency of the Company’s subsidiaries and VIEs are Renminbi (“RMB”), as determined based on the criteria of Accounting Standards Codification (“ASC”) 830 (“ASC 830”) “Foreign Currency Matters”. The reporting currency of the Company is also the RMB. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange in place at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into the functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the consolidated statement of operations. Assets and liabilities of the Company translated from their respective functional currencies to the reporting currency at the exchange rates at the balance sheet dates, equity accounts are translated at historical exchange rates and revenues and expenses are translated at the average exchange rates in effect during the reporting period. The resulting foreign currency translation adjustment are recorded in other comprehensive income (loss). (e) Convenience translation Translations of balances in the consolidated balance sheets, consolidated statements of income and consolidated statements of cash flows from RMB into USD (or “US$”) as of and for the year ended December 31, 2020 are solely for the convenience of the reader and were calculated at the rate of US$1.00 = RMB6.5250, representing the noon buying rate in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York on the last trading day of December 31, 2020. No representation is made that the RMB amounts represent or could have been, or could be, converted, realized or settled into US$ at that rate, or at any other rate. (f) Accounts receivable and allowance for doubtful accounts Accounts receivable are stated at the historical carrying amount net of allowance for doubtful accounts. Accounts are considered overdue after 180 days. The Company maintains an allowance for doubtful accounts which reflects its best estimate of amounts that potentially will not be collected. The Company determines the allowance for doubtful accounts taking into consideration various factors including but not limited to historical collection experience and credit-worthiness of the debtors as well as the age of the individual receivables balance. Additionally, the Company makes specific bad debt provisions based on any specific knowledge the Company has acquired that might indicate that an account is uncollectible. The facts and circumstances for each account may require the Company to use substantial judgment in assessing its collectability. Account balances are charged off against the allowance after all means of collection have been exhausted and the likelihood of collection is not probable. (g) Property and equipment Property and equipment are stated at cost, net of accumulated depreciation using the straight-line method over their estimated useful lives, once the asset is placed in service. The estimated useful lives are as follows: Computer and transmission equipment 3 years Furniture, fixtures and office equipment 5 years Repair and maintenance costs are charged to expense when incurred, whereas the cost of betterments that extend the useful life of property and equipment are capitalized as additions to the related assets. Retirement, sale and disposals of assets are recorded by removing the cost and related accumulated depreciation with any resulting gain or loss reflected in the consolidated statements of income. The Company also re-evaluates the periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives. (h) Deferred IPO costs Pursuant to ASC 340-10-S99-1, offering costs directly attributable to an offering of equity securities are deferred and would be charged against the gross proceeds of the offering as a reduction of additional paid-in capital. These costs include legal fees related to the registration drafting and counsel, consulting fees related to the registration preparation, SEC filing and print related costs, exchange listing costs, and road show related costs. The Company recorded a deferred offering cost of RMB1,307 and Nil as of December 31, 2019 and 2020, respectively. (i) Intangible assets Intangible assets are carried at cost less accumulated amortization and any impairment. License for Beelive platform is determined to have an infinite useful life and is not subject to amortization and tested for impairment at least annually. Intangible assets with a finite useful life are amortized using the straight-line method over the estimated economic life of the intangible assets as follows: Trademark 10 years Patent 10 years Copyright 10 years Software 3 to 10 years Licenses acquired 3 years to infinite life (j) Impairment of long-lived assets The Company evaluates its long-lived assets or asset group, including property and equipment and intangible assets including license that has an infinite useful life, for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying amount of an asset or a group of long-lived assets may not be recoverable. When these events occur, the Company evaluates for impairment by comparing the carrying amount of the assets to future undiscounted net cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss based on the excess of the carrying amount of the asset group over its fair value. Fair value is generally determined by discounting the cash flows expected to be generated by the assets, when the market prices are not readily available for the long-lived assets. No impairment of long-lived assets was recognized for the years ended December 31 2018, 2019 and 2020. (k) Goodwill Goodwill represents the excess of cost over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. Goodwill is not subject to amortization but is monitored annually for impairment or more frequently if there are indicators of impairment. Management considers the following potential indicators of impairment: significant underperformance relative to historical or projected future operating results, significant changes in the Company’s use of acquired assets or the strategy of the Company’s overall business, significant negative industry or economic trends and a significant decline in the Company’s stock price for a sustained period. The Company performs its impairment test on annual basis. Currently, the Company’s goodwill is evaluated at the entity level as it has been determined there is one operating segment comprised of one reporting unit. When assessing goodwill for impairment the Company first performs a qualitative assessment to determine whether it is necessary to perform a quantitative analysis. If the Company determines it is unlikely that the reporting unit fair value is less than its carrying value then no quantitative assessment is performed. If the Company cannot determine that it is likely that the reporting unit fair value is more than its carrying value, then the Company performs a quantitative assessment. Based on the qualitative assessment performed for the year ended December 31, 2020, the Company determined it was unlikely that it’s reporting unit fair value was less than its carrying value and no quantitative assessment was required. (l) Long term investment ASU 2016-01 (“ASU 2016-01”), Recognition and Measurement of Financial Assets and Financial Liabilities amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The main provisions require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value through earnings, unless they qualify for a measurement alternative. The Company adopted the new financial instruments accounting standard from January 1, 2019. Prior to January 1, 2019, the Company did not have any long-term investment. Equity Investments with Readily Determinable Fair Values Equity investments with readily determinable fair values are measured and recorded at fair value using the market approach based on the quoted prices in active markets at the reporting date. Equity Investments without Readily Determinable Fair Values After the adoption of this new accounting standard, the Company elected to record equity investments without readily determinable fair values and not accounted for under the equity method at cost, less impairment, adjusted for subsequent observable price changes on a nonrecurring basis, and report changes in the carrying value of the equity investment in current earnings. Changes in the carrying value of the equity investment are required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. Reasonable efforts shall be made to identify price changes that are known or that can reasonably be known. Equity Investments Accounted for Using the Equity Method The Company accounts for its equity investment over which it has significant influence but does not own a majority equity interest or otherwise control using the equity method. The Company adjusts the carrying amount of the investment and recognizes investment income or loss for share of the earnings or loss of the investee after the date of investment. The Company assesses its equity investment for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, operating performance of the entities, including current earnings trends and undiscounted cash flows, and other entity-specific information. The fair value determination, particularly for investment in privately held entity, requires judgment to determine appropriate estimates and assumptions. Changes in these estimates and assumptions could affect the calculation of the fair value of the investment and determination of whether any identified impairment is other-than-temporary. Investments held by the Company as of December 31, 2020 comprised of equity investment in the privately-held entity (“Zhejiang Qusu Technology Co., Ltd” or “QS”), in which the Company does not have significant influence and such investment do not have readily determinable fair values. In the past, the Company hold the equity interest in QS through a LP fund (“Zhengrui”). Through a restructure completed on December 25, 2020, the Company directly owns the equity interest in QS. The Company elected to record equity investments without readily determinable fair values and not accounted for under the equity method at cost, less impairment. As of December 31, 2019 and 2020, the Company did not consider there was any facts indicating the fair value of the investment was less than it carrying value. (m) Fair value of financial instruments ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: ● Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted market prices for identical or similar assets in markets that are not active, inputs other than quoted prices that are observable and inputs derived from or corroborated by observable market data. ● Level 3 — inputs to the valuation methodology are unobservable. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, accounts receivable, other receivables included in prepaid expenses and other current assets, accounts payables, balances with related parties and other current liabilities, approximate their fair values because of the short-term maturity of these instruments. Contingent consideration – earn-out liability (i) Earn-out liability from SPAC transaction In connection with SPAC transaction, the previous shareholders of Sicenjoy Inc. may be entitled to receive earnout shares as follows: (1) if Scienjoy Inc.’s net income before tax for the year ended December 31, 2020 is greater than or equal to either US$28,300,000 or RMB 190,000,000, the previous owners of Sicenjoy Inc will be entitled to receive 3,000,000 ordinary shares of the Company (“SPAC Earn-out Target 2020”); and (2) if Sicenjoy Inc.’s net income before tax for the year ended December 31, 2021 is greater than or equal to either US$35,000,000 or RMB 235,000,000, the previous owners of Sicenjoy Inc. will be entitled to receive 3,000,000 ordinary shares of the Company. Notwithstanding the net income before tax achieved by the post-transaction company for any period, the previous owners of Sicenjoy Inc. will receive (i) 3,000,000 earn-out shares if the share price of the Company is higher than $20.00 for any sixty days in any period of ninety consecutive trading days between May 8, 2021 and May 7, 2022, and (ii) 3,000,000 earnout shares if the share price of the Company is higher than $25.00 for any sixty days in any period of ninety consecutive trading between May 8, 2022 and May 7, 2023. Upon the closing of the SPAC Transaction, the Company recorded the fair value of the contingent consideration resulted from earn-out liability and recorded the changes in fair value from May 8, 2020 to December 31, 2020 in earnings. The Company determined the fair value of the contingent consideration using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: May 7, December 31, Risk-free interest rate 0.14 % 0.10 % Share price $ 8.92 $ 8.66 Probability 20% - 50 % 10 % (ii) Earn-out liability from BeeLive acquisition In connection with the acquisition of Beelive (Note 4), the previous shareholders of BeeLive may be entitled to receive earnout shares as follows: (i) if the BeeLive Company’s total annual revenue is no less than RMB 336.6 million in Year 2020,the previous shareholder will be entitled to received additional 540,960 Ordinary Shares (“Beelive Earn-out Target 2020”); (ii) if the BeeLive Companies’ total annual revenue is no less than RMB 460.6 million in Year 2021, the previous shareholder will be entitled to received additional 540,960 Ordinary Shares; and (iii) if the BeeLive Companies’ total annual revenue is no less than RMB 580.9 million in Year 2022, the previous shareholder will be entitled to received additional 540,960 Ordinary Shares. If the total annual revenue of BeeLive Company in a particular performance year does not reach the target revenue as specified above, but is equal to or more than 80% of the target revenue, the previous shareholder will be entitled to a reduced number of the earn-out shares. Upon the closing of the BeeLive acquisition, the Company recorded the fair value of the contingent consideration resulted from earn-out liability and recorded the changes in fair value from the acquisition date to December 31, 2020 in earnings. The Company determined the fair value of the contingent consideration using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: August 10, December 31, Risk-free interest rate 0.12 - 0.14 % 0.11% - 0.13 % Share price $ 6.2 $ 8.66 Probability 20% - 50 % 20% - 50 % The aggregated contingent considerations for the earn-out liabilities were approximate RMB107.3 million as of December 31, 2020, including current portion of earn-out liability of RMB92.2 million and non-current portion of earn-out liability of RMB15.1 million. The Company measures contingent consideration – earn-out liability at fair value on a recurring basis as of the dates of acquisition and December 31, 2020. The following table presents the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis: As of December 31, 2020 Fair Value Measurement at the Reporting Date using Quoted price Significant Significant Total Earn-out liability from SPAC transaction ¥ - ¥ - ¥ 75,819 ¥ 75,819 Earn-out liability from BeeLive acquisition - - 31,480 31,480 ¥ - ¥ - ¥ 107,299 ¥ 107,299 At the dates of the transactions Fair Value Measurement at the Reporting Date using Quoted price Significant Significant Total Earn-out liability from SPAC transaction ¥ - ¥ - ¥ 266,828 ¥ 266,828 Earn-out liability from BeeLive acquisition - - 39,755 39,755 Total ¥ - ¥ - ¥ 306,583 ¥ 306,583 As of December 31, 2020, the earn-out liability related to SPAC Earn-out Target 2020 and Beelive Earn-out Target 2020 were met. As a result, the Company classified the related portion of earn-out liability in aggregated of RMB200,100 as shares to be issued in the equity of the Company. As of December 31, 2020, there was 3,540,960 earn-out shares required to be issued and the Company included it in the calculation of earnings per share. The Company did not transfer any assets or liabilities in or out of Level 3 during the years ended December 31, 2019 and 2020. The following is a reconciliation of the beginning and ending balances for contingent consideration measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2020: Balance Balance at January 1, 2020 ¥ - Contingent consideration resulting from SPAC Transaction 266,828 Contingent consideration resulting from BeeLive acquisition 39,755 Fair value change 14,068 Exchange difference (13,252 ) Reclassification to shares to be issued (200,100 ) Balance at December 31, 2020 ¥ 107,299 Less: Contingent consideration – earn-out liability – non-current portion ¥ 15,116 Contingent consideration – earn-out liability –current portion ¥ 92,183 Warrant liabilities The Company’s warrants assumed from SPAC acquisition on May 7,2020, the date of the closing of SPAC Transaction, that have complex terms, such as a clause in which the warrant agreements contain a cash settlement provision whereby the holders could settle the warrants for cash upon a fundamental transaction that is considered outside of the control of management are considered to be a derivative as contemplated in ASC 815-40. The warrant is recorded as derivative liability on the consolidated balance sheet upon the SPAC transaction and is adjusted to its fair value at the end of each reporting period, with the change being recorded as other expense or gain in accordance with ASC 820. The warrant liabilities were measured and recorded on a recurring basis. The Company determined the fair value of the contingent consideration using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: May 7, December 31, Risk-free interest rate 0.23 % 0.18 % Share price $ 8.92 $ 8.66 Volatility 37 % 38 % The following table sets forth the establishment of the Company’s Level 3 warrant liabilities, as well as a summary of the changes in the fair value: Balance Balance at January 1, 2020 ¥ - Warrant liabilities resulting from SPAC Transaction 36,121 Fair value change (3,904 ) Exchange difference (2,659 ) Balance as of December 31, 2020 ¥ 29,558 (n) Revenue recognition On January 1, 2019, the Company adopted ASC 606, “Revenue from Contracts with Customers” using the modified retrospective method applied to those contracts which were not completed as of January 1, 2019. Results for reporting periods beginning after January 1, 2019 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting under Topic 605. Based on the Company’s assessment, the adoption of ASC 606 did not result in any adjustment on the Company’s consolidated financial statements, and there were no material differences between the Company’s adoption of ASC 606 and its historic accounting under ASC 605. Revenues are recognized when control of the promised virtual items or services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those virtual items or services. Revenue is recorded, net of sales related taxes and surcharges. Live streaming The Company is principally engaged in operating its own live streaming platforms, which enable broadcasters and viewers to interact with each other during live streaming. The Company is responsible for providing a technological infrastructure to enable the broadcasters, online users and viewers to interact through live streaming platforms. All the platforms can be accessed for free. The Company mainly derives the revenue from sales of virtual items in the platforms. The Company has a recharge system for users to purchase the Company’s virtual currency then purchase virtual items for use. Users can recharge via various online third-party payment platforms, including WeChat Pay, AliPay and other payment platforms. Virtual currency is non-refundable and often consumed soon after it is purchased. The Company designs, creates and offers various virtual items for sales to users with pre-determined stand-alone selling price. Virtual items are categorized as consumable and time-based items. Consumable items are consumed upon purchase and use while time-based items could be used for a fixed period of time. Users can purchase and present consumable items to broadcasters to show support for their favorite broadcasters, or purchase time-based virtual items for one or multiple months for a monthly fee, which provide users with recognized status, such as priority speaking rights or special symbols over a period of time. The Company shares a portion of the sales proceeds of virtual items (“revenue sharing fee”) with broadcasters and talent agencies in accordance with their revenue sharing arrangements. Broadcasters, who do not have revenue sharing arrangements with the Company, are not entitled to any revenue sharing fee. The Company also utilizes third-party payment collection channels, which charges the payment handling cost for users to purchase the virtual currency directly from it. The payment handling costs are recorded in cost of sales. The Company evaluates and determines that it is the principal and views users to be its customers, because the Company controls the virtual items before they are transferred to users. Its control is evidenced by the Company’s sole ability to monetize the virtual items before they are transferred to users, and is further supported by the Company being primarily responsible to the users for the delivery of the virtual items as well as having full discretion in establishing pricing for the virtual items. Accordingly, the Company reports live streaming revenues on a gross basis with the amounts billed to users recorded as revenues and revenue sharing fee paid to broadcasters and related agencies recorded as cost of revenues. Sales proceeds are initially recorded as deferred revenue and recognized as revenue based on the consumption of the virtual items. The Company has determined that each individual virtual item represents a distinct performance obligation. Accordingly, live streaming revenue is recognized immediately when the consumable virtual item is used, or in the case of time-based virtual items, revenue is recognized over the fixed period on a straight-line basis. The Company does not have further obligations to the user after the virtual items are consumed. The Company’s live streaming virtual items are generally sold without right of return and the Company does not provide any other credit and incentive to its users. Unconsumed virtual currency is recorded as deferred revenue. The Company also cooperates with independent third-party distributors to sell virtual currency through annual distribution agreements with these distributors. Third-party distributors purchase virtual currency from the Company with no refund provision according to the annual distribution agreements, and they are responsible for selling the virtual currency to end users. They may engage their own sales representatives, which are referred to as “sales agents” to directly sell to individual end users. The Company has no control over such “sales agents”. The Company has discretion to determine the price of the virtual currency sold to its third-party distributors, but has no discretion as to the price at which virtual currency is sold by its third-party distributors to the sales agents. Technical Services The Company generated technical revenues from providing technical development and advisory, which accounts for only less than 1% of revenue. As the amount was immaterial, and short-term in nature which is usually less than six months, the Company recognizes revenue when service were rendered and accepted by customers. Practical expedients and exemptions The Company’s contracts have an original duration of one year or less. Accordingly, the Company does not disclose the value of unsatisfied performance obligations. Revenue by types and platforms The following table sets forth types of our revenue for the periods indicated: For the years ended December 31, 2019 2020 2020 Amounts in thousands of RMB and USD RMB RMB USD Live streaming - consumable virtual items revenue 884,385 1,187,431 181,982 Live streaming - time based virtual item revenue 26,812 29,596 4,536 Technical services 3,429 5,156 790 Total revenue 914,626 1,222,183 187,308 As of December 31, 2020, we operated four brands of live streaming platforms, consisting of: Showself Live Streaming, Lehai Live Streaming, Haixiu Live Streaming and BeeLive Live Stream (including BeeLive Chinese version – Mifeng). The following table sets forth our revenue by platforms for the periods indicated: For the years ended December 31, 2019 2020 2020 Amounts in thousands of RMB and USD RMB RMB USD Showself 530,111 549,763 84,256 Lehai 181,626 180,112 27,603 Haixiu 199,460 321,468 49,267 Beelive - 165,684 25,392 Technical services 3,429 5,156 790 TOTAL 914,626 1,222,183 187,308 Contract balances Contract balances include accounts receivable and deferred revenue. Accounts receivable primarily represent cash due from distributors and are recorded when the right to consideration is unconditional. The allowance for doubtful accounts reflects the best estimate of probable losses inherent to the account receivable balance. Deferred revenue primarily includes unconsumed virtual currency and unamortized revenue from time-based virtual items in the Company’s platforms, where there is still an obligation to be provided by the Company, which will be recognized as revenue when all of the revenue recognition criteria are met. Due to the generally short-term duration of the relevant contracts, all performance obligations are satisfied within one year. (o) Government subsidies Government subsidies are primarily referred to the amounts received from various levels of local governments from time to time which are granted for general corporate purposes and to support its ongoing operations in the region. The grants are determined at the discretion of the relevant government authority and there are no restrictions on their use. The government subsidies are recorded as other income in the period the cash is received. (p) Cost of revenues Amounts recorded as cost of revenue relate to direct expenses incurred in order to generate revenue. Such costs are recorded

Concentration of Risk

Concentration of Risk	12 Months Ended
	Dec. 31, 2020
Risks and Uncertainties [Abstract]
CONCENTRATION OF RISK	3. Concentration of risk (a) Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, accounts receivable, other receivables included in prepaid expenses, other current assets, and amounts due from related parties. As of December 31, 2019 and 2020, RMB134,772 and RMB222,609 (US$ 34,116), respectively, were deposited with major financial institutions located in the PRC. Management believes that these financial institutions are of high credit quality and continually monitor the credit worthiness of these financial institutions. Historically, deposits in Chinese banks are secure due to the state policy on protecting depositors’ interests. For the credit risk related to accounts receivable, the Company performs ongoing credit evaluations of its customers. The Company establishes an allowance for doubtful accounts based upon estimates, factors surrounding the credit risk of specific customers and other information. The allowance amounts were immaterial for all periods presented. (b) Currency convertibility risk Substantially all of the Company’s businesses are transacted in RMB, which is not freely convertible into foreign currencies. On January 1, 1994, the PRC government abolished the dual rate system and introduced a single rate of exchange as quoted daily by the People’s Bank of China. However, the unification of the exchange rates does not imply the convertibility of RMB into US$ or other foreign currencies. All foreign exchange transactions continue to take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other institutions requires submitting a payment application form together with suppliers’ invoices, shipping documents and signed contracts. (c) Significant customers For the years ended December 31,2018, 2019 and 2020, no customer individually represents greater than 10% of the total revenue. (d) Significant suppliers For the year ended December 31, 2018, two vendors accounted for 26.2% and 17.9% of the Company’s total purchases and three vendors accounted for 39.4%, 28.7% and 11.7% of the Company’s accounts payable as of December 31, 2018. For the year ended December 31, 2019, one vendor accounted for 37.2% of the Company’s total purchases and two vendors accounted for 30.7% and 21.6% of the Company’s accounts payable as of December 31, 2019. For the year ended December 31, 2020, one vendor accounted for 30.8% of the Company’s total purchases and three vendors accounted for 13.1%, 10.4% and 10.0% of the Company’s accounts payable as of December 31, 2020.

Acquisition

Acquisition	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
ACQUISITION	4. ACQUISITION 4.1 Acquisition of Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) On January 10, 2020, the Company entered into a purchase agreement with the shareholder of LXZ to acquire 100% equity interest in LXZ with a cash consideration of RMB 200 (US$31). LXZ is engaged in operating its own live streaming platform. The Company believes the acquisition of LXZ helps to enrich its product line, expand its user base and capitalize on the growth potential in the lives streaming market. The operating results of LXZ for the years ended December 31, 2019 and 2020 were not significant to the Company. The operating results of LXZ have been included in the consolidated financial statements since the acquisition. The Company’s acquisition of LXZ was accounted for as business combination in accordance with ASC 805. Acquisition-related costs incurred for the acquisitions are not material. The following table summarizes the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at the date of the acquisition based on a valuation performed by an independent valuation firm engaged by the Company. Amount RMB USD Cash acquired 23 4 Accounts receivable, net 8 1 Intangible assets, net 239 37 Accounts and other payables (70 ) (11 ) Total consideration 200 31 The intangible assets are mainly attributable to a license and software acquired through the acquisition, which are generally amortized over 3 years. 4.2 Acquisition of BeeLive On August 10, 2020, the Company signed an Equity Acquisition Framework Agreement (the “BeeLive Acquisition Agreement”) to acquire 100% equity interest in Sciscape International Limited which holds the platform BeeLive International and 100% equity interest in Tianjin Guangju Dingfei Technology Co., Ltd. which holds BeeLive Chinese (MiFeng). Pursuant to the Agreement, the Company is required to pay (i) a cash consideration of RMB50.0 million (US$7.4 million) and (ii) RMB250.0 million in ordinary shares (approximately 5.4 million ordinary shares) to be issued by the Company. 30% of share consideration payments are subject to certain performance conditions (i.e. earn-out provisions as discussed below) and requirements over the following three years (earn-out arrangement). The fair value of purchase price including the consideration for earn-out arrangement was RMB264,755, based on a valuation performed by an independent valuation firm engaged by the Company. Tianjin Guangju Dingfei Technology Co., Ltd. subsequently changed its name to Sixiang Mifeng (Tianjin) Technology Co. and Sciscape International Limited changed its name to Scienjoy BeeLive Limited (together “BeeLive”). BeeLive is a global live streaming platform that initially launched in China in November 2016. To date, BeeLive International offers Arabic language live streaming product in the Middle East and Thai language live streaming product in Southeast Asia. The Company believes that this acquisition will provide users with an increasingly vibrant and interactive social experience and drive the Company’s expansion of the user base both in China and around the world. The Company’s acquisition of BeeLive was accounted for as business combination in accordance with ASC 805. Acquisition-related costs incurred for the acquisitions are not material. The following table summarizes the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at the date of the acquisition based on a valuation performed by an independent valuation firm engaged by the Company. For the year ended December 31, 2020, the first portion of earn-out shares of 540,960 achieved the performance requirement. Amount RMB USD Cash acquired 10,129 1,552 Accounts receivable, net 29,330 4,495 Prepayment 7,390 1,132 Amounts due from related parties 21,840 3,347 68,689 10,526 Property and equipment, net 426 65 Intangible assets, net 240,610 36,875 Deferred tax asset 7,577 1,161 Goodwill 92,069 14,110 Total assets 409,371 62,737 Current liabilities 77,079 11,813 Loan payable – non-current portion 7,400 1,134 Deferred tax liability 60,137 9,216 Total liabilities 144,616 22,163 Total consideration 264,755 40,574 The intangible assets are mainly attributable to Trademark and license as well as software acquired through the acquisition, which are generally amortized over 5-10 years, except that the license acquired for Beelive platform is determined to have an infinite useful life and is not subject to amortization. BeeLive began its international markets during the second half of 2019 and launched its Arabic language live streaming product in the Middle East and its Thai language live streaming product in Southeast Asia since mid of 2019. The following table summarizes unaudited pro forma results of operations for the year ended December 31, 2019 assuming that acquisition of BeeLive occurred as of January 1, 2019. The pro forma results have been prepared for comparative purpose only based on management’s best estimate and do not purport to be indicative of the results of operations which actually would have resulted had the acquisitions occurred as of the beginning of period: For the For the (Unaudited) (Unaudited) RMB USD Pro forma revenue 1,280,228 196,204 Pro forma gross profit 204,450 31,333 Pro forma income from operations 155,767 23,872 Pro forma net income 151,747 23,256 As of December 31, 2019, BeeLive’s own assets and liabilities were not significant. The assets and liabilities on the pro-forma balance sheets as of December 31, 2019 was substantially the financial position of the Company.

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2020
Credit Loss, Additional Improvements [Abstract]
ACCOUNTS RECEIVABLE, NET	5. ACCOUNTS RECEIVABLE, NET Accounts receivable and allowance for doubtful accounts consist of the following: As of December 31, 2019 2020 2020 RMB RMB USD Accounts receivable 130,376 232,027 35,559 Less: allowance for doubtful accounts (10,266 ) (3,813 ) (584 ) Accounts receivable, net 120,110 228,214 34,975 An analysis of the allowance for doubtful accounts is as follows: For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Balance, beginning of year 2,606 9,432 10,266 1,573 Bad debt allowances from acquisition - - 1,800 276 Additions 6,826 834 - - Recovery - - (8,253 ) (1,265 ) Balance, end of year 9,432 10,266 3,813 584 Two unrelated distributors accounted for 67.9% and 14.2% of the Company’s accounts receivable as of December 31, 2020, respectively. Three unrelated distributors accounted for 38.7%, 35.9% and 15.3% of the Company’s accounts receivable as of December 31, 2019, respectively.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	6. Prepaid expenses and other current assets Prepaid expenses and other current assets consist of the following: As of December 31, 2019 2020 2020 RMB RMB USD VAT recoverable 3,182 6,754 1,036 Prepaid expense 5,021 6,919 1,060 Other receivables 3,354 80 12 Subtotal: 11,557 13,753 2,108 Less: allowance for doubtful accounts - - - Prepaid expenses and other current assets, net 11,557 13,753 2,108 An analysis of the allowance for doubtful accounts is as follows: For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Balance, beginning of year - - - - Additions - 20 - - Write off - (20 ) - - Balance, end of year - - - -

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	7. PROPERTY AND EQUIPMENT, NET Property and equipment, including those held under capital leases, consists of the following: As of December 31, 2019 2020 2020 RMB RMB USD At cost: Computer and transmission equipment 5,246 6,640 1,018 Furniture, fixtures and office equipment 311 427 65 Total 5,557 7,067 1,083 Less: accumulated depreciation (4,821 ) (5,711 ) (875 ) Property and equipment, net 736 1,356 208 For the years ended December 31, 2018, 2019 and 2020, depreciation expense was RMB1,167, RMB655 and RMB555 (US$85), respectively.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	8. INTANGIBLE ASSETS Intangible assets, consists of the following: As of December 31, 2019 2020 2020 RMB RMB USD At cost: Trademark 23 26,718 4,095 Patent 33 33 5 Copyright 69 97 15 Software 142 6,804 1,042 License acquired - 207,835 31,853 Total 267 241,487 37,010 Less: accumulated depreciation (72 ) (1,853 ) (284 ) Intangible assets, net 195 239,634 36,726 For the years ended December 31, 2018, 2019 and 2020, amortization expense was RMB24, RMB26 and RMB 1,749 (US$268), respectively. The estimated annual amortization expense for each of the five succeeding fiscal years is as follow: Amortization Amortization Twelve months ending December 31, RMB USD 2021 4,076 625 2022 4,076 625 2023 3,998 613 2024 3,998 613 2025 3,472 532 Thereafter 12,415 1,903 Total 32,035 4,911

Long Term Investment

Long Term Investment	12 Months Ended
	Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]
LONG TERM INVESTMENT	9. LONG TERM INVESTMENT Cost method investments without readily determinable fair value Cost method investments without readily determinable fair value RMB USD Balance as of January 1, 2020 5,000 766 Additions - - Disposal - - Impairment - - Balance as of December 31, 2020 5,000 766 (i) Investments held by the Company as of December 31, 2020 comprised of equity investment in the privately-held entity (“Zhejiang Qusu Technology Co., Ltd” or “QS”), in which the Company does not have significant influence and such investment do not have readily determinable fair values. In the past, the Company hold the equity interest in QS through a LP fund (“Zhengrui”). Through a restructure completed on December 25, 2020, the Company directly owns the equity interest in QS. As of December 31, 2020, the Company did not consider there was any facts indicating the fair value of the investment was less than it carrying value.

Long Term Deposits and Other As

Long Term Deposits and Other Assets	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
LONG TERM DEPOSITS AND OTHER ASSETS	10. Long term deposits and other Assets Long term deposits and other assets consist of the following: As of December 31, 2019 2020 2020 RMB RMB USD Rent deposits 392 572 88 Advertising deposits 2,369 810 124 Long term deposits and other assets 2,761 1,382 212

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	11. INCOME TAXES Enterprise income tax British Virgin Islands Under the current laws of the British Virgin Islands, the Company incorporated in the British Virgin Islands is not subject to tax on income or capital gain. Additionally, the British Virgin Islands does not impose a withholding tax on payments of dividends to shareholders. Cayman Islands Under the current laws of the Cayman Islands, the subsidiary of the Company incorporated in the Cayman Islands is not subject to tax on income or capital gain. Additionally, the Cayman Islands does not impose a withholding tax on payments of dividends to shareholders. Hong Kong Under the current Hong Kong Inland Revenue Ordinance, the subsidiary of the Company in Hong Kong is subject to 16.5% Hong Kong profit tax on its taxable income generated from operations in Hong Kong. Additionally, payments of dividends by the subsidiary incorporated in Hong Kong to the Company are not subject to any Hong Kong withholding tax. The PRC The Company’s subsidiaries and the VIE that are each incorporated in the PRC are subject to Corporate Income Tax (“CIT”) on the taxable income as reported in their respective statutory financial statements adjusted in accordance with the new PRC Enterprise Income Tax Laws (“PRC Income Tax Laws”) effective from January 1, 2008. Pursuant to the PRC Income Tax Laws, the Company’s PRC subsidiaries and the VIE are subject to a CIT statutory rate of 25%. Under the PRC Income Tax Laws, an enterprise which qualifies as a High and New Technology Enterprise (“the HNTE”) is entitled to a preferential tax rate of 15% provided it continues to meet HNTE qualification standards on an annual basis. SG qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2021. The HNTE certificate of SG is expiring in 2021 and there exists uncertainties with the reapplication outcome. HX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2017 to 2023. LH qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2016 to 2022. CX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2021. The HNTE certificate of CX is expiring in 2021 and there exists uncertainties with the reapplication outcome. Under the PRC Income Tax Laws, during the period from January 1, 2010 to December 31, 2020, an enterprise which established in region of Holgus X and Kashgar Times is entitled to a preferential tax rate of 0% in five consecutive years since the first-year income generated from operations provided it continues to meet the conditions within the required scope. Holgus X qualifies for the conditions and entitled for tax-exempt from 2017 to 2021. Kashgar Times qualifies for the conditions and entitled for tax-exempt from 2016 to 2020. Holgus H qualifies for the conditions and entitled for tax-exempt from 2020 to 2025. Kashgar Lehong qualifies for the conditions and entitled for tax-exempt from 2020 to 2025. For the years ended December 31, 2018, 2019 and 2020, total tax saving for the preferential tax rate were RMB24,475, RMB 33,227 and RMB39,876 (US$6,111), respectively, the impacts on basic EPS were RMB1.3, RMB1.7 and RMB1.7 (US$0.3), respectively, and the impacts on dilutive EPS were RMB1.2, RMB1.7 and RMB1.5 (US$0.2), respectively. Uncertain tax positions The Company evaluates the level of authority for each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measures the unrecognized benefits associated with the tax positions. As of December 31, 2019 and 2020, the Company did not have any significant unrecognized uncertain tax positions. The Company did not incur any interest or penalty related to potential underpaid income tax expenses for the years ended December 31, 2018, 2019 and 2020, and also does not anticipate any significant increases or decreases in unrecognized tax benefits in the next 12 months from December 31, 2020. The income tax expenses comprise: For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Current income tax expense 4,540 6,814 5,459 837 Deferred income tax expense (benefit) 87 (191 ) 1,945 298 Income tax expenses 4,627 6,623 7,404 1,135 A reconciliation of the differences between the statutory tax rate and the effective tax rate for EIT for the years ended December 31, 2018,2019 and 2020 is as follows: For the years ended December 31, 2018 2019 2020 Income tax computed at PRC statutory tax rate 25.0 % 25.0 % 25.0 % Effect of tax-preferential entities (22.0 )% (21.2 )% (22.2 )% Non-deductible expenses 1.2 % 0.5 % 1.2 % Income tax expense 4.2 % 4.3 % 4.0 % The components of deferred taxes are as follows: As of December 31, 2019 2020 2020 RMB RMB USD Deferred tax assets: Allowance for doubtful accounts 474 633 97 Net operating losses carried forward - 5,021 770 474 5,654 867 Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are recoverable, management believes that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the deferred tax assets for the Company. Thus, there were no valuation allowances as of December 31, 2018, 2019 and 2020 for the deferred tax assets. The components of deferred liabilities are as follows: As of December 31, 2019 2020 2020 RMB RMB USD Deferred tax liabilities Intangible assets acquired through acquisition - 59,729 9,154 - 59,729 9,154

Related Party Balances and Tran

Related Party Balances and Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY BALANCES AND TRANSACTIONS	12. RELATED PARTY BALANCES AND TRANSACTIONS In addition to the information disclosed elsewhere in the financial statements, the principal related parties with which the Company had transactions during the years presented are as follows: Name of Related Parties Relationship with the Company Mr. He Xiaowu Chief Executive Officer and Chairman of the Board Sixiang Times (Beijing) Technology Co., Ltd. Where the Company’s executive is one of the major shareholders Beijing Junwei Technology Co., Ltd. Controlling shareholder of SG and HX Beijing WanPu Century Technology Co Ltd Subsidiary company of Beijing NQ Mobile Inc., which was holding company of Sixiang Times (Beijing) Technology Co., Ltd Lavacano Holdings Limited Where Mr. He Xiaowu acted as director ENMOLI INC Where Mr. He Xiaowu acted as director Purchases from related parties For the years ended December 31, 2018, 2019 and 2020, significant related party transactions were as follows: For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Beijing WanPu Century Technology Co Ltd Market promotion expenses 16 16 - - Sixiang Times (Beijing) Technology Co., Ltd. Rental and service fees 8,399 986 2,106 323 As of December 31, 2019 and 2020, the amounts due from/to related parties are as follows: As of December 31, 2019 2020 2020 RMB RMB USD Loan receivables - related parties Beijing Junwei Technology Co., Ltd. (1) 500 - - Total 500 - - Amount due from related parties Lavacano Holdings Limited 7 7 1 Total 7 7 1 Loan payables - related parties ENMOLI INC (2) 5,525 - - Total 5,525 - - Amount due to related parties Sixiang Times (Beijing) Technology Co., Ltd. (3) 986 - - Beijing WanPu Century Technology Co., Ltd. 7,496 - - Total 8,482 - - 1) In October 2019, SG entered into an interest-free loan agreement with Beijing Junwei Technology Co., Ltd. at principal of RMB500. The loan was fully repaid on March 24, 2020. 2) In January 2019, Scienjoy HK entered into an interest-free loan agreement with Enmoli Inc. at principal of $788. The loan matures on December 31, 2020. In January 2020, Scienjoy HK entered into an interest-free loan agreement with Enmoli Inc. at principal of $600. In April 2020, Scienjoy HK entered into an interest-free loan agreement with Enmoli Inc. at principal of $250. The loan was fully repaid on May 18, 2020. 3) The balance as of December 31, 2019 represented unpaid service fee.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	13. SHAREHOLDERS’ EQUITY Ordinary Shares The Company is authorized to issue an unlimited number of no par value ordinary shares. As of December 31, 2019, there was 2,461,983 ordinary shares remain issued and outstanding. After redemption of 212,633 ordinary shares prior to the SPAC transaction on May 7, 2020, the number of outstanding ordinary shares became 2,249,350. In connection with the SPAC Transaction, the Company issued approximately 19.4 million ordinary shares including 3 million shares as part of earn-out consideration that was issued to the previous owners of Scienjoy Inc. At the closing of the SPAC Transaction, a convertible promissory note of RMB4,038 (US$619) with the related rights previously issued to the shareholder’s of Scienjoy, Inc. was automatically converted into 63,250 ordinary shares. At the closing of the SPAC Transaction, the Company issued 402,983 ordinary shares to settle deferred underwriting commission of RMB14,131 (US$ 2,166) in connection of the Company’s initial public offering on February 8, 2019. The effective conversion price was US$ 5.0 per ordinary shares based on the volume weighted average price of the Company’s ordinary shares prior to the SPAC Transaction, as a result, the fair value of ordinary shares issued approximated the carrying value of deferred underwriting commission payable settled. Prior to the SPAC Transaction, the Company issued certain Public Rights and Private Rights in connection with its previous initial public offering and private placement. All these outstanding public rights and private rights were converted into 602,000 ordinary shares upon the completion of the SPAC Transaction. Prior to the closing of the SPAC Transaction, the Company issued 533,000 ordinary shares to the financial advisors and underwriter with fair value of RMB18,713 (US$ 2,868) based on share price of U$5.0 per ordinary share at the time of the transaction. In connection of the acquisition of BeeLive, the Company issued 3,786,719 ordinary shares to the original shareholders of BeeLive as 70% of total RMB250 million (or equivalent to RMB175 million) worth share consideration (Note 4), which was calculated based on US$ 6.68 per share based on the 15 days average closing price of the Company’s ordinary shares prior to the acquisition. The fair value of the shares issued approximated RMB175 million (US$ 26.8 million) as part of the purchase consideration. As of December 31, 2020, the Company had 27,037,302 ordinary shares issued and outstanding. Warrants As of December 31, 2020, there were 6,020,000 warrants outstanding and exercisable, consisting of 5,750,000 public warrants issued in connection with the Company’s initial public offering and 270,000 private warrants issued for a private placement simultaneously with the closing of the initial public offering. Two warrants are exercisable for one ordinary shares. All these warrants were issued and outstanding before the SPAC Transaction and no warrants have been exercised for the year ended December 31, 2020. The Public Warrants became exercisable upon the completion of the SPAC Transaction on May 7, 2020 with exercise price of US$11.5 per full share. The Public Warrants will expire five years from February 5, 2019 (or February 5, 2024). The Company may call the warrants for redemption (excluding the Private Warrants), in whole and not in part, at a price of $0.01 per warrant: ● at any time while the Public Warrants are exercisable, ● upon not less than 30 days’ prior written notice of redemption to each Public Warrant holder, ● if, and only if, the reported last sale price of the ordinary shares equals or exceeds $16.50 per share, for any 20 trading days within a 30-trading day period ending on the third trading day prior to the notice of redemption to Public Warrant holders, and ● if, and only if, there is a current registration statement in effect with respect to the issuance of the ordinary shares underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis”. The exercise price and number of ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. The Public Warrants may only be exercised for a whole number of shares, meaning that the Public Warrants must be exercised in multiples of two. However, the warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. The private warrants are identical to the public warrants with the exercise price of US$ 11.5 per full share and expiration by February 4, 2024, except that the private warrants and the ordinary shares issuable upon the exercise of the private warrants will not be transferable, assignable or salable until after the completion of the SPAC Transaction, subject to certain limited exceptions. The private warrants may only be exercised for a whole number of shares, meaning that the private warrants must be exercised in multiples of two. Additionally, the private warrants will be exercisable on a cashless basis and will be non-redeemable so long as they are held by the initial purchasers or their permitted transferees. If the private warrants are held by someone other than the initial purchasers or their permitted transferees, the private warrants will be redeemable by the Company and exercisable by such holders on the same basis as the public warrants. A summary of warrants activity for the year ended December 31, 2020 is as follows: Number of Weighted Expiration Public warrants assumed from Wealthbridge’s initial Public Offering on February 5,2019 5,750,000 Private warrants assumed from Wealthbridge’s private placement on February 5,2019 270,000 Balance of warrants outstanding as of December 31, 2020 6,020,000 3.1 years February 4, 2024 Balance of warrants exercisable as of December 31, 2020 6,020,000 3.1 years February 4, 2024 As of December 31, 2020, the Company had warrants exercisable for 3,010,000 ordinary shares with weighted average life of 3.1 years and expired on February 4, 2024. Unit Purchase Option On February 8, 2019, the Company sold to Chardan, for $100, an option to purchase up to 375,000 Units exercisable at $11.50 per Unit (or an aggregate exercise price of $4,312,500) exercisable on the completion of the SPAC Transaction on May 7, 2020. On February 20, 2019, in connection with the underwriters’ election to exercise the over-allotment option in full, the Company issued Chardan an option to purchase up to an additional 56,250 Units exercisable at $11.50 per Unit for no additional consideration. Each Unit consists of one ordinary share, one redeemable warrant and one right (together “UPO”). The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expires February 5, 2024. As of December 31, 2020, the Group had UPO units exercisable for 690,000 ordinary shares with weighted average life of 3.1 years and expiring on February 5, 2024. Liability Classified Warrants All of the Company’s outstanding warrants contain a contingent cash payment feature and therefore were accounted for as a liability and are adjusted to fair value at each balance sheet date. The change in fair value of the warrant liability is recorded as change in fair value of warrant liabilities in the consolidated statements of operations and comprehensive loss (Note 2). The Company accounted for the unit purchase option, inclusive of the receipt of $100 cash payment, as an expense of the Initial Public Offering resulting in a charge directly to shareholders’ equity. The Company estimated the fair value of the unit purchase option is approximately $1,286,000, or $2.98 per Unit, using the Black-Scholes option-pricing model. The fair value of the unit purchase option granted to the underwriters was estimated as of the date of grant using the following assumptions: (1) expected volatility of 35%, (2) risk-free interest rate of 2.44% and (3) expected life of five years. The option and such units purchased pursuant to the option, as well as the ordinary shares underlying such units, the rights included in such units, the ordinary shares that are issuable for the rights included in such units, the warrants included in such units, and the shares underlying such warrants, have been deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to Rule 5110(g)(1) of FINRA’s NASDAQ Conduct Rules. Additionally, the option may not be sold, transferred, assigned, pledged or hypothecated for a one-year period (including the foregoing 180-day period) following the date of Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners. The option grants to holders demand and “piggy back” rights for periods of five and seven years, respectively, from the effective date of the registration statement with respect to the registration under the Securities Act of the securities directly and indirectly issuable upon exercise of the option. The Company will bear all fees and expenses attendant to registering the securities, other than underwriting commissions which will be paid for by the holders themselves. The exercise price and number of units issuable upon exercise of the option may be adjusted in certain circumstances including in the event of a stock dividend, or the Company’s recapitalization, reorganization, merger or consolidation. However, the option will not be adjusted for issuances of ordinary shares at a price below its exercise price. Dividend Prior to the SPAC Transaction, Scienjoy Inc. declared a dividend of approximately RMB 333,090 by July 2018, of which approximately RMB228,500 (US$33,200) was paid in 2018 and approximately RMB104,590 (US$15,023) was subsequently paid in 2019, respectively. Capital distribution During the year ended December 31, 2018, 2019 and 2020, the Company distributed RMB10,000, RMB32,328 and nil to the shareholders as a result of re-organization. Capital contribution During the years ended December 31, 2018, 2019 and 2020, the Company received capital contribution of RMB8,399, nil and nil from a shareholder. Shares to be issued As of December 31, 2020, the earn-out liability related to SPAC Earn-out Target 2020 and Beelive Earn-out Target 2020 were met. As a result, there was 3,540,960 earn-out shares required to be issued and the Company classified the related portion of earn-out liability in aggregated of RMB200,100 as shares to be issued in the equity of the Company.

Statutory Reserves And Restrict

Statutory Reserves And Restricted Net Assets	12 Months Ended
	Dec. 31, 2020
Restrictions For Consolidated And Unconsolidated Subsidiaries Abstract
STATUTORY RESERVES AND RESTRICTED NET ASSETS	14. STATUTORY RESERVES AND RESTRICTED NET ASSETS The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by the Company’s PRC subsidiaries only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of the Company’s subsidiaries. In accordance with the PRC Regulations on Enterprises with Foreign Investment and the articles of association of the Company’s PRC subsidiaries, a foreign-invested enterprise established in the PRC is required to provide certain statutory reserves, namely general reserve fund, the enterprise expansion fund and staff welfare and bonus fund which are appropriated from net profit as reported in the enterprise’s PRC statutory accounts. A foreign-invested enterprise is required to allocate at least 10% of its annual after-tax profit to the general reserve until such reserve has reached 50% of its respective registered capital based on the enterprise’s PRC statutory accounts. Appropriations to the enterprise expansion fund and staff welfare and bonus fund are at the discretion of the board of directors for all foreign-invested enterprises. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. WX was established as a foreign-invested enterprise and, therefore, is subject to the above mandated restrictions on distributable profits. As of December 31, 2019 and 2020, the Company had appointed RMB12,059 and RMB18,352 (US$2,813), respectively in its statutory reserves. Foreign exchange and other regulations in the PRC may further restrict the Company’s VIE from transferring funds to the Company in the form of dividends, loans and advances. Amounts restricted include paid-in capital, additional paid-in capital and statutory reserves of the Company’s PRC Subsidiaries and the equity of VIE, as determined pursuant to PRC generally accepted accounting principles. As of December 31, 2019 and 2020, restricted net assets of the Company’s PRC subsidiaries and VIE were RMB21,723 and RMB196,090 (US$ 30,052).

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	15. COMMITMENTS AND CONTINGENCIES (a) Operating Leases Commitments The Company leases facilities in the PRC under non-cancelable operating leases expiring on different dates. Total rental expense under all operating leases was RMB2,123, RMB 1,855 and RMB 5,221 (US$ 800) for the years ended December 31, 2018, 2019 and 2020, respectively. As of December 31, 2020, the Company had future minimum lease payments under non-cancelable operating leases with initial terms of one-year or more in relation to office premises consist of the following: RMB USD Twelve months ending December 31, 2021 4,927 755 2022 4,597 705 2023 4,386 672 2024 4,374 670 2025 365 56 Total 18,649 2,858 (b) Capital and Other Commitments The Company did not have significant capital and other commitments as of December 31, 2019 and 2020. (c) Contingencies From time to time, the Company is party to certain legal proceedings, as well as certain asserted and un-asserted claims. Amounts accrued, as well as the total amount of reasonably possible losses with respect to such matters, individually and in the aggregate, are not deemed to be material to the consolidated financial statements.

Condensed Financial Information

Condensed Financial Information of The Parent Company	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY	16. C ONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY The Company performed a test on the restricted net assets of consolidated subsidiary in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (3), “General Notes to Financial Statements” and concluded that it was applicable for the Company to disclose the financial statements for the parent company. The subsidiary did not pay any dividend to the Company for the years presented. For the purpose of presenting parent only financial information, the Company records its investment in its subsidiary under the equity method of accounting. Such investment is presented on the separate condensed balance sheets of the Company as “Investment in subsidiary” and the income of the subsidiary is presented as “share of income of subsidiary”. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. The Company did not have other commitments or guarantees as of December 31, 2019 and 2020. PARENT COMPANY BALANCE SHEETS As of December 31, 2019 2020 2020 RMB RMB USD ASSETS Current assets Cash and cash equivalents 35 183 28 Prepaid expenses and other current assets - 392 60 Amounts due from subsidiaries - 236,403 36,231 Total current assets 35 236,978 36,319 Non-current assets Investments in subsidiaries and consolidated VIE 174,525 359,394 55,081 TOTAL ASSETS 174,560 596,372 91,400 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities Amounts due to subsidiaries 34 - - Warrant liabilities - 29,558 4,530 Current portion of contingent consideration – earn-out liability - 92,183 14,128 Total current liabilities 34 121,741 18,658 Non-current liabilities Contingent consideration – earn-out liability - 15,116 2,317 Total liabilities 34 136,857 20,975 Shareholders’ equity Ordinary share, no par value, unlimited shares authorized, 19,400,000 and 27,037,302 shares issued and outstanding as of December 31, 2019 and 2020, respectively 9,664 (96,349 ) (14,766 ) Shares to be issued - 200,100 30,667 Statutory reserves 12,059 18,352 2,813 Retained earnings 152,803 322,610 49,442 Accumulated other comprehensive income - 14,802 2,269 Total shareholder’s equity 174,526 459,515 70,425 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 174,560 596,372 91,400 PARENT COMPANY STATEMENT OF INCOME For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Equity income of subsidiaries 106,740 149,918 184,869 28,333 General administrative expense and others - - 1,395 214 Change in fair value of warrant liabilities - - 3,904 597 Change in fair value of contingent consideration - - (14,068 ) (2,156 ) Net income 106,740 149,918 176,100 26,988 Other comprehensive income - foreign currency translation adjustment - - 14,802 2,269 Comprehensive income attributable to the Company’s shareholders 106,740 149,918 190,902 29,257 PARENT COMPANY STATEMENT OF CASH FLOWS For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Cash flows from operating activities Net income 106,740 149,918 176,100 26,988 Equity in earning of subsidiaries (106,740 ) (149,918 ) (184,869 ) (28,332 ) Change in fair value of warrant liabilities - - (3,904 ) (598 ) Change in fair value of contingent consideration - - 14,068 2,156 Changes in operating assets and liabilities - - - - Prepaid expense and other current assets - - (392 ) (60 ) Net cash provided by operating activities - - 1,003 154 Cash flows from investing activities Proceeds from subsidiaries 238,500 136,953 - - Net cash provided by investing activities 238,500 136,953 - - Cash flows from financing activities Dividends distribution to shareholders (228,500 ) (104,590 ) - - Capital distribution due to reorganization (10,000 ) (32,328 ) - - Due to related parties - - (26,590 ) (4,075 ) Net cash acquired in the reverse recapitalization - - 32,659 5,005 Payment of listing costs - - (6,924 ) (1,061 ) Net cash used in financing activities (238,500 ) (136,918 ) (855 ) (131 ) Net increase in cash and cash equivalents - 35 148 23 Cash and cash equivalents at beginning of the year - - 35 5 Cash and cash equivalents at end of the year - 35 183 28

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	17. SUBSEQUENT EVENTS On January 5, 2021, the Company entered into a US dollar borrowing agreement with Enmoli Inc, a company controlled by Mr. Xiaowu He, the Chairman and chief executive officer of the Company. Pursuant to the agreement, the Company borrowed US$ 2 million from Enmoli Inc. with a term of 1 year and an annual interest of 4%. The purpose of the borrowing is to provide sufficient US dollar funds for the Company’s oversee business development. On January 5, 2021, the Company loaned RMB 13 million (or approximately US$2 million) to Dingsheng Taifu (Tianjin) Business Information Consulting Partnership (Limited Partner), an entity related to Mr. Xiaowu He, the Chairman and chief executive officer of the Company for a term of 1 year with an annual interest of 4%. On January 11, 2021, the Company (or the “Buyer”) entered into a share purchase agreement (the “Share purchase agreement”) with Cross Wealth Investment Holding Limited (“Cross Wealth” or the “Seller”), an entity related to two directors of the Company. Pursuant to the Share purchase agreement, the Company purchased 606,061 ordinary shares of Goldenbridge Acquisition Limited (“Goldenbridge”) from Cross Wealth for an aggregated consideration of US$2 million or US$3.3 per share (the “Share Price”). Goldenbridge was formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities (“De-SPAC”) and is currently conducting an initial public offering of its securities (“Offering”). The Company’s share purchase is for investment purposes only and will not participate in any activities conducted by Cross Wealth in its capacity as the sponsor, promotor or similar role in connection with the Offering or the De-SPAC. If the Goldenbridge fails to consummate the Offering prior to June 30, 2021 or other date as mutually agreed by the Seller and the Company, the Company shall have the rights (the IPO Failure Put Rights”) in its discretion, but not the obligation, to cause the Seller to repurchase back all or a portion of the Shares at the Share Price at any time. If Goldenbridge fails to consummate a De-SPAC within 21 months after the consummation of the Offering, the Buyer shall have the rights (the “De-SPAC Failure Put Rights”) in its discretion, but not the obligation, to cause the Seller to repurchase back all or a portion of the Shares at the Share Price at any time. In addition, at any time before the eighteenth month anniversary of the completion of De-SPAC, if the Company plans to resell or otherwise transfer any portion or all of the shares at a price less than the Share Price, the Seller shall have the right in its discretion, but not the obligation, to repurchase back all or a portion of the Shares at the Share Price (“Right of First Refusal”). In the event that Seller opts not to exercise its Right of First Refusal, then the Seller shall pay the Company an amount (the “Make-whole Payment”) equal to (i) the price shortfall multiplied by (ii) the number of the Shares being resold or transferred; provided that in case of a privately negotiated sale, such transfer or resale shall be negotiated in good faith and at arm’s-length by parties of equal bargaining strength. On February 8, 2021, the board of directors (the “Board”) of the Company approved the 2021 Equity incentive plan (“2021 Plan”), which authorized the compensation committee or a committee designated and established by the Board to grant equity incentive awards, such as options, restricted shares, and restricted share units to directors, employees and consultants of the Company for a number of ordinary shares not exceeding 3,000,000, subject to adjustments as may be required in accordance with the terms of the Plan. The vested portion of equity awards will expire if not exercised prior to the time as the Plan Administrator determines at the time of its grant. The maximum exercisable term is ten years from the date of a grant. As of the date of this report, no equity award has been granted under 2021 Plan. On February 23, 2021, the Company entered into a Common Stock Purchase Agreement with White Lion Capital LLC (the “Investor”), which provides that, upon the terms and subject to the conditions and limitations set forth therein, White Lion Capital is committed to purchase the Company’s ordinary shares, no par value, with an aggregate offering price of up to $30,000,000 from time to time during the Commitment Period, which starts on the date of the filing of the initial registration statement covering the resale of securities issued under the Purchase Agreement, and shall terminate on the earlier of (i) the date on which White Lion Capital shall have purchased shares equal to the Commitment Amount, (ii) the six month anniversary of the filing of such initial registration statement, or (iii) the date on which the Purchase Agreement is terminated. Pursuant to the Share Exchange Agreement, Lavacano and WBY Entertainment Holdings Ltd. (“WBY”) may be entitled to receive additional earnout shares as follows: (1) if the Company’s net income before tax for the year ended December 31, 2020 is greater than or equal to either US$28,300,000 or RMB 190,000,000, Lavacano and WBY will be entitled to receive 3,000,000 ordinary shares of the Company; and (2) if the Company’s net income before tax for the year ended December 31, 2021 is greater than or equal to either US$35,000,000 or RMB 235,000,000, Lavacano and WBY will be entitled to receive 3,000,000 ordinary shares. As of the date of this report, the Company’s net income has achieved more than RMB 190,000,000, therefore the Company has issued 2,400,000 ordinary shares to Lavacano and 600,000 ordinary shares to WBY on March 25, 2021. Pursuant to the earn-out provisions of the BeeLive Acquisition Agreement, so long as the prior core management members of Sciscape International Limited (“SIL”), and Tianjin Guangju Dingfei Technology Co., Ltd. (“DF”, together with SIL and their subsidiaries, the “BeeLive Companies”) have complied with the employment agreement that he or she has entered into with BeeLive Companies and no material changes have occurred, (i) if the BeeLive Companies’ total annual revenue is no less than RMB 336.6 million in Year 2020, Cosmic Soar Limited will be entitled to received additional 540,960 Ordinary Shares; (ii) if the BeeLive Companies’ total annual revenue is no less than RMB 460.6 million in Year 2021, Cosmic Soar Limited will be entitled to received additional 540,960 ordinary shares; and (iii) if the BeeLive Companies’ total annual revenue is no less than RMB 580.9 million in Year 2022, Cosmic Soar Limited will be entitled to received additional 540,960 ordinary shares. If the total annual revenue of BeeLive Companies’ in a particular performance year does not reach the target revenue as specified above, but is equal to or more than 80% of the target revenue, Cosmic Solar Limited will be entitled to a reduced number of the earnout shares. As of the date of this report, BeeLive Companies’ total annual revenue has achieved more than RMB 336.6 million for Year 2020, therefore the Company has issued 540,960 ordinary shares to Cosmic Soar Limited on March 25, 2021.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of presentation and principles of consolidation	(a) Basis of presentation and principles of consolidation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”). The consolidated financial statements include the financial statements of the Company and its subsidiaries, and its VIE and VIE’s subsidiaries over which the Company exercises control and, when applicable, entities for which the Company has a controlling financial interest or is the primary beneficiary. All significant inter-company transactions and balances between the Company, its subsidiaries and the VIE are eliminated upon consolidation.
Business combinations	(b) Business combinations The Company accounts for all business combinations under the purchase method of accounting in accordance with ASC 805, Business Combinations (“ASC 805”). The purchase method of accounting requires that the consideration transferred to be allocated to net assets including separately identifiable assets and liabilities the Company acquired, based on their estimated fair value. The consideration transferred in an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred, and equity instruments issued as well as the contingent considerations and all contractual contingencies as of the acquisition date. The costs directly attributable to the acquisition are expensed as incurred. Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of (i) the total of the cost of the acquisition, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the identifiable net assets of the acquiree, the difference is recognized directly in earnings. The determination and allocation of fair values to the identifiable net assets acquired and liabilities assumed is based on various assumptions and valuation methodologies requiring considerable judgment from management. Although the Company believes that the assumptions applied in the determination are reasonable based on information available at the date of acquisition, actual results may differ from forecasted amounts and the differences could be material.
Use of estimates	(c) Use of estimates The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Areas where management uses subjective judgment include, but are not limited to revenue recognition, estimating the useful lives of long-lived assets and intangible assets, valuation assumptions in performing asset impairment tests of long-lived assets, fair value of warrant liabilities and contingent liability, allowance for doubtful accounts, and valuation of deferred taxes and deferred tax assets. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements.
Foreign currency	(d) Foreign currency The functional currency of the Company is in US dollars and the functional currency of the Company’s subsidiaries and VIEs are Renminbi (“RMB”), as determined based on the criteria of Accounting Standards Codification (“ASC”) 830 (“ASC 830”) “Foreign Currency Matters”. The reporting currency of the Company is also the RMB. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange in place at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into the functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the consolidated statement of operations. Assets and liabilities of the Company translated from their respective functional currencies to the reporting currency at the exchange rates at the balance sheet dates, equity accounts are translated at historical exchange rates and revenues and expenses are translated at the average exchange rates in effect during the reporting period. The resulting foreign currency translation adjustment are recorded in other comprehensive income (loss).
Convenience translation	(e) Convenience translation Translations of balances in the consolidated balance sheets, consolidated statements of income and consolidated statements of cash flows from RMB into USD (or “US$”) as of and for the year ended December 31, 2020 are solely for the convenience of the reader and were calculated at the rate of US$1.00 = RMB6.5250, representing the noon buying rate in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York on the last trading day of December 31, 2020. No representation is made that the RMB amounts represent or could have been, or could be, converted, realized or settled into US$ at that rate, or at any other rate.
Accounts receivable and allowance for doubtful accounts	(f) Accounts receivable and allowance for doubtful accounts Accounts receivable are stated at the historical carrying amount net of allowance for doubtful accounts. Accounts are considered overdue after 180 days. The Company maintains an allowance for doubtful accounts which reflects its best estimate of amounts that potentially will not be collected. The Company determines the allowance for doubtful accounts taking into consideration various factors including but not limited to historical collection experience and credit-worthiness of the debtors as well as the age of the individual receivables balance. Additionally, the Company makes specific bad debt provisions based on any specific knowledge the Company has acquired that might indicate that an account is uncollectible. The facts and circumstances for each account may require the Company to use substantial judgment in assessing its collectability. Account balances are charged off against the allowance after all means of collection have been exhausted and the likelihood of collection is not probable.
Property and equipment	(g) Property and equipment Property and equipment are stated at cost, net of accumulated depreciation using the straight-line method over their estimated useful lives, once the asset is placed in service. The estimated useful lives are as follows: Computer and transmission equipment 3 years Furniture, fixtures and office equipment 5 years Repair and maintenance costs are charged to expense when incurred, whereas the cost of betterments that extend the useful life of property and equipment are capitalized as additions to the related assets. Retirement, sale and disposals of assets are recorded by removing the cost and related accumulated depreciation with any resulting gain or loss reflected in the consolidated statements of income. The Company also re-evaluates the periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives.
Deferred IPO costs	(h) Deferred IPO costs Pursuant to ASC 340-10-S99-1, offering costs directly attributable to an offering of equity securities are deferred and would be charged against the gross proceeds of the offering as a reduction of additional paid-in capital. These costs include legal fees related to the registration drafting and counsel, consulting fees related to the registration preparation, SEC filing and print related costs, exchange listing costs, and road show related costs. The Company recorded a deferred offering cost of RMB1,307 and Nil as of December 31, 2019 and 2020, respectively.
Intangible assets	(i) Intangible assets Intangible assets are carried at cost less accumulated amortization and any impairment. License for Beelive platform is determined to have an infinite useful life and is not subject to amortization and tested for impairment at least annually. Intangible assets with a finite useful life are amortized using the straight-line method over the estimated economic life of the intangible assets as follows: Trademark 10 years Patent 10 years Copyright 10 years Software 3 to 10 years Licenses acquired 3 years to infinite life
Impairment of long-lived assets	(j) Impairment of long-lived assets The Company evaluates its long-lived assets or asset group, including property and equipment and intangible assets including license that has an infinite useful life, for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying amount of an asset or a group of long-lived assets may not be recoverable. When these events occur, the Company evaluates for impairment by comparing the carrying amount of the assets to future undiscounted net cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss based on the excess of the carrying amount of the asset group over its fair value. Fair value is generally determined by discounting the cash flows expected to be generated by the assets, when the market prices are not readily available for the long-lived assets. No impairment of long-lived assets was recognized for the years ended December 31 2018, 2019 and 2020.
Goodwill	(k) Goodwill Goodwill represents the excess of cost over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. Goodwill is not subject to amortization but is monitored annually for impairment or more frequently if there are indicators of impairment. Management considers the following potential indicators of impairment: significant underperformance relative to historical or projected future operating results, significant changes in the Company’s use of acquired assets or the strategy of the Company’s overall business, significant negative industry or economic trends and a significant decline in the Company’s stock price for a sustained period. The Company performs its impairment test on annual basis. Currently, the Company’s goodwill is evaluated at the entity level as it has been determined there is one operating segment comprised of one reporting unit. When assessing goodwill for impairment the Company first performs a qualitative assessment to determine whether it is necessary to perform a quantitative analysis. If the Company determines it is unlikely that the reporting unit fair value is less than its carrying value then no quantitative assessment is performed. If the Company cannot determine that it is likely that the reporting unit fair value is more than its carrying value, then the Company performs a quantitative assessment. Based on the qualitative assessment performed for the year ended December 31, 2020, the Company determined it was unlikely that it’s reporting unit fair value was less than its carrying value and no quantitative assessment was required.
Long term investment	(l) Long term investment ASU 2016-01 (“ASU 2016-01”), Recognition and Measurement of Financial Assets and Financial Liabilities amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The main provisions require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value through earnings, unless they qualify for a measurement alternative. The Company adopted the new financial instruments accounting standard from January 1, 2019. Prior to January 1, 2019, the Company did not have any long-term investment. Equity Investments with Readily Determinable Fair Values Equity investments with readily determinable fair values are measured and recorded at fair value using the market approach based on the quoted prices in active markets at the reporting date. Equity Investments without Readily Determinable Fair Values After the adoption of this new accounting standard, the Company elected to record equity investments without readily determinable fair values and not accounted for under the equity method at cost, less impairment, adjusted for subsequent observable price changes on a nonrecurring basis, and report changes in the carrying value of the equity investment in current earnings. Changes in the carrying value of the equity investment are required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. Reasonable efforts shall be made to identify price changes that are known or that can reasonably be known. Equity Investments Accounted for Using the Equity Method The Company accounts for its equity investment over which it has significant influence but does not own a majority equity interest or otherwise control using the equity method. The Company adjusts the carrying amount of the investment and recognizes investment income or loss for share of the earnings or loss of the investee after the date of investment. The Company assesses its equity investment for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, operating performance of the entities, including current earnings trends and undiscounted cash flows, and other entity-specific information. The fair value determination, particularly for investment in privately held entity, requires judgment to determine appropriate estimates and assumptions. Changes in these estimates and assumptions could affect the calculation of the fair value of the investment and determination of whether any identified impairment is other-than-temporary. Investments held by the Company as of December 31, 2020 comprised of equity investment in the privately-held entity (“Zhejiang Qusu Technology Co., Ltd” or “QS”), in which the Company does not have significant influence and such investment do not have readily determinable fair values. In the past, the Company hold the equity interest in QS through a LP fund (“Zhengrui”). Through a restructure completed on December 25, 2020, the Company directly owns the equity interest in QS. The Company elected to record equity investments without readily determinable fair values and not accounted for under the equity method at cost, less impairment. As of December 31, 2019 and 2020, the Company did not consider there was any facts indicating the fair value of the investment was less than it carrying value.
Fair value of financial instruments	(m) Fair value of financial instruments ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: ● Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted market prices for identical or similar assets in markets that are not active, inputs other than quoted prices that are observable and inputs derived from or corroborated by observable market data. ● Level 3 — inputs to the valuation methodology are unobservable. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, accounts receivable, other receivables included in prepaid expenses and other current assets, accounts payables, balances with related parties and other current liabilities, approximate their fair values because of the short-term maturity of these instruments. Contingent consideration – earn-out liability (i) Earn-out liability from SPAC transaction In connection with SPAC transaction, the previous shareholders of Sicenjoy Inc. may be entitled to receive earnout shares as follows: (1) if Scienjoy Inc.’s net income before tax for the year ended December 31, 2020 is greater than or equal to either US$28,300,000 or RMB 190,000,000, the previous owners of Sicenjoy Inc will be entitled to receive 3,000,000 ordinary shares of the Company (“SPAC Earn-out Target 2020”); and (2) if Sicenjoy Inc.’s net income before tax for the year ended December 31, 2021 is greater than or equal to either US$35,000,000 or RMB 235,000,000, the previous owners of Sicenjoy Inc. will be entitled to receive 3,000,000 ordinary shares of the Company. Notwithstanding the net income before tax achieved by the post-transaction company for any period, the previous owners of Sicenjoy Inc. will receive (i) 3,000,000 earn-out shares if the share price of the Company is higher than $20.00 for any sixty days in any period of ninety consecutive trading days between May 8, 2021 and May 7, 2022, and (ii) 3,000,000 earnout shares if the share price of the Company is higher than $25.00 for any sixty days in any period of ninety consecutive trading between May 8, 2022 and May 7, 2023. Upon the closing of the SPAC Transaction, the Company recorded the fair value of the contingent consideration resulted from earn-out liability and recorded the changes in fair value from May 8, 2020 to December 31, 2020 in earnings. The Company determined the fair value of the contingent consideration using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: May 7, December 31, Risk-free interest rate 0.14 % 0.10 % Share price $ 8.92 $ 8.66 Probability 20% - 50 % 10 % (ii) Earn-out liability from BeeLive acquisition In connection with the acquisition of Beelive (Note 4), the previous shareholders of BeeLive may be entitled to receive earnout shares as follows: (i) if the BeeLive Company’s total annual revenue is no less than RMB 336.6 million in Year 2020,the previous shareholder will be entitled to received additional 540,960 Ordinary Shares (“Beelive Earn-out Target 2020”); (ii) if the BeeLive Companies’ total annual revenue is no less than RMB 460.6 million in Year 2021, the previous shareholder will be entitled to received additional 540,960 Ordinary Shares; and (iii) if the BeeLive Companies’ total annual revenue is no less than RMB 580.9 million in Year 2022, the previous shareholder will be entitled to received additional 540,960 Ordinary Shares. If the total annual revenue of BeeLive Company in a particular performance year does not reach the target revenue as specified above, but is equal to or more than 80% of the target revenue, the previous shareholder will be entitled to a reduced number of the earn-out shares. Upon the closing of the BeeLive acquisition, the Company recorded the fair value of the contingent consideration resulted from earn-out liability and recorded the changes in fair value from the acquisition date to December 31, 2020 in earnings. The Company determined the fair value of the contingent consideration using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: August 10, December 31, Risk-free interest rate 0.12 - 0.14 % 0.11% - 0.13 % Share price $ 6.2 $ 8.66 Probability 20% - 50 % 20% - 50 % The aggregated contingent considerations for the earn-out liabilities were approximate RMB107.3 million as of December 31, 2020, including current portion of earn-out liability of RMB92.2 million and non-current portion of earn-out liability of RMB15.1 million. The Company measures contingent consideration – earn-out liability at fair value on a recurring basis as of the dates of acquisition and December 31, 2020. The following table presents the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis: As of December 31, 2020 Fair Value Measurement at the Reporting Date using Quoted price Significant Significant Total Earn-out liability from SPAC transaction ¥ - ¥ - ¥ 75,819 ¥ 75,819 Earn-out liability from BeeLive acquisition - - 31,480 31,480 ¥ - ¥ - ¥ 107,299 ¥ 107,299 At the dates of the transactions Fair Value Measurement at the Reporting Date using Quoted price Significant Significant Total Earn-out liability from SPAC transaction ¥ - ¥ - ¥ 266,828 ¥ 266,828 Earn-out liability from BeeLive acquisition - - 39,755 39,755 Total ¥ - ¥ - ¥ 306,583 ¥ 306,583 As of December 31, 2020, the earn-out liability related to SPAC Earn-out Target 2020 and Beelive Earn-out Target 2020 were met. As a result, the Company classified the related portion of earn-out liability in aggregated of RMB200,100 as shares to be issued in the equity of the Company. As of December 31, 2020, there was 3,540,960 earn-out shares required to be issued and the Company included it in the calculation of earnings per share. The Company did not transfer any assets or liabilities in or out of Level 3 during the years ended December 31, 2019 and 2020. The following is a reconciliation of the beginning and ending balances for contingent consideration measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2020: Balance Balance at January 1, 2020 ¥ - Contingent consideration resulting from SPAC Transaction 266,828 Contingent consideration resulting from BeeLive acquisition 39,755 Fair value change 14,068 Exchange difference (13,252 ) Reclassification to shares to be issued (200,100 ) Balance at December 31, 2020 ¥ 107,299 Less: Contingent consideration – earn-out liability – non-current portion ¥ 15,116 Contingent consideration – earn-out liability –current portion ¥ 92,183 Warrant liabilities The Company’s warrants assumed from SPAC acquisition on May 7,2020, the date of the closing of SPAC Transaction, that have complex terms, such as a clause in which the warrant agreements contain a cash settlement provision whereby the holders could settle the warrants for cash upon a fundamental transaction that is considered outside of the control of management are considered to be a derivative as contemplated in ASC 815-40. The warrant is recorded as derivative liability on the consolidated balance sheet upon the SPAC transaction and is adjusted to its fair value at the end of each reporting period, with the change being recorded as other expense or gain in accordance with ASC 820. The warrant liabilities were measured and recorded on a recurring basis. The Company determined the fair value of the contingent consideration using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: May 7, December 31, Risk-free interest rate 0.23 % 0.18 % Share price $ 8.92 $ 8.66 Volatility 37 % 38 % The following table sets forth the establishment of the Company’s Level 3 warrant liabilities, as well as a summary of the changes in the fair value: Balance Balance at January 1, 2020 ¥ - Warrant liabilities resulting from SPAC Transaction 36,121 Fair value change (3,904 ) Exchange difference (2,659 ) Balance as of December 31, 2020 ¥ 29,558
Revenue recognition	On January 1, 2019, the Company adopted ASC 606, “Revenue from Contracts with Customers” using the modified retrospective method applied to those contracts which were not completed as of January 1, 2019. Results for reporting periods beginning after January 1, 2019 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting under Topic 605. Based on the Company’s assessment, the adoption of ASC 606 did not result in any adjustment on the Company’s consolidated financial statements, and there were no material differences between the Company’s adoption of ASC 606 and its historic accounting under ASC 605. Revenues are recognized when control of the promised virtual items or services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those virtual items or services. Revenue is recorded, net of sales related taxes and surcharges. Live streaming The Company is principally engaged in operating its own live streaming platforms, which enable broadcasters and viewers to interact with each other during live streaming. The Company is responsible for providing a technological infrastructure to enable the broadcasters, online users and viewers to interact through live streaming platforms. All the platforms can be accessed for free. The Company mainly derives the revenue from sales of virtual items in the platforms. The Company has a recharge system for users to purchase the Company’s virtual currency then purchase virtual items for use. Users can recharge via various online third-party payment platforms, including WeChat Pay, AliPay and other payment platforms. Virtual currency is non-refundable and often consumed soon after it is purchased. The Company designs, creates and offers various virtual items for sales to users with pre-determined stand-alone selling price. Virtual items are categorized as consumable and time-based items. Consumable items are consumed upon purchase and use while time-based items could be used for a fixed period of time. Users can purchase and present consumable items to broadcasters to show support for their favorite broadcasters, or purchase time-based virtual items for one or multiple months for a monthly fee, which provide users with recognized status, such as priority speaking rights or special symbols over a period of time. The Company shares a portion of the sales proceeds of virtual items (“revenue sharing fee”) with broadcasters and talent agencies in accordance with their revenue sharing arrangements. Broadcasters, who do not have revenue sharing arrangements with the Company, are not entitled to any revenue sharing fee. The Company also utilizes third-party payment collection channels, which charges the payment handling cost for users to purchase the virtual currency directly from it. The payment handling costs are recorded in cost of sales. The Company evaluates and determines that it is the principal and views users to be its customers, because the Company controls the virtual items before they are transferred to users. Its control is evidenced by the Company’s sole ability to monetize the virtual items before they are transferred to users, and is further supported by the Company being primarily responsible to the users for the delivery of the virtual items as well as having full discretion in establishing pricing for the virtual items. Accordingly, the Company reports live streaming revenues on a gross basis with the amounts billed to users recorded as revenues and revenue sharing fee paid to broadcasters and related agencies recorded as cost of revenues. Sales proceeds are initially recorded as deferred revenue and recognized as revenue based on the consumption of the virtual items. The Company has determined that each individual virtual item represents a distinct performance obligation. Accordingly, live streaming revenue is recognized immediately when the consumable virtual item is used, or in the case of time-based virtual items, revenue is recognized over the fixed period on a straight-line basis. The Company does not have further obligations to the user after the virtual items are consumed. The Company’s live streaming virtual items are generally sold without right of return and the Company does not provide any other credit and incentive to its users. Unconsumed virtual currency is recorded as deferred revenue. The Company also cooperates with independent third-party distributors to sell virtual currency through annual distribution agreements with these distributors. Third-party distributors purchase virtual currency from the Company with no refund provision according to the annual distribution agreements, and they are responsible for selling the virtual currency to end users. They may engage their own sales representatives, which are referred to as “sales agents” to directly sell to individual end users. The Company has no control over such “sales agents”. The Company has discretion to determine the price of the virtual currency sold to its third-party distributors, but has no discretion as to the price at which virtual currency is sold by its third-party distributors to the sales agents. Technical Services The Company generated technical revenues from providing technical development and advisory, which accounts for only less than 1% of revenue. As the amount was immaterial, and short-term in nature which is usually less than six months, the Company recognizes revenue when service were rendered and accepted by customers. Practical expedients and exemptions The Company’s contracts have an original duration of one year or less. Accordingly, the Company does not disclose the value of unsatisfied performance obligations. Revenue by types and platforms The following table sets forth types of our revenue for the periods indicated: For the years ended December 31, 2019 2020 2020 Amounts in thousands of RMB and USD RMB RMB USD Live streaming - consumable virtual items revenue 884,385 1,187,431 181,982 Live streaming - time based virtual item revenue 26,812 29,596 4,536 Technical services 3,429 5,156 790 Total revenue 914,626 1,222,183 187,308 As of December 31, 2020, we operated four brands of live streaming platforms, consisting of: Showself Live Streaming, Lehai Live Streaming, Haixiu Live Streaming and BeeLive Live Stream (including BeeLive Chinese version – Mifeng). The following table sets forth our revenue by platforms for the periods indicated: For the years ended December 31, 2019 2020 2020 Amounts in thousands of RMB and USD RMB RMB USD Showself 530,111 549,763 84,256 Lehai 181,626 180,112 27,603 Haixiu 199,460 321,468 49,267 Beelive - 165,684 25,392 Technical services 3,429 5,156 790 TOTAL 914,626 1,222,183 187,308 Contract balances Contract balances include accounts receivable and deferred revenue. Accounts receivable primarily represent cash due from distributors and are recorded when the right to consideration is unconditional. The allowance for doubtful accounts reflects the best estimate of probable losses inherent to the account receivable balance. Deferred revenue primarily includes unconsumed virtual currency and unamortized revenue from time-based virtual items in the Company’s platforms, where there is still an obligation to be provided by the Company, which will be recognized as revenue when all of the revenue recognition criteria are met. Due to the generally short-term duration of the relevant contracts, all performance obligations are satisfied within one year.
Government subsidies	Government subsidies are primarily referred to the amounts received from various levels of local governments from time to time which are granted for general corporate purposes and to support its ongoing operations in the region. The grants are determined at the discretion of the relevant government authority and there are no restrictions on their use. The government subsidies are recorded as other income in the period the cash is received.
Cost of revenues	Amounts recorded as cost of revenue relate to direct expenses incurred in order to generate revenue. Such costs are recorded as incurred. Cost of revenues consists primarily of (i) revenue sharing fees and content costs, including payments to various broadcasters, and content providers, (ii) bandwidth costs, (iii) salaries and welfare, (iv) depreciation and amortization expense for servers and other equipment, and intangibles directly related to operating the platform, (v) user acquisition costs (vi) payment handling costs, and (vii) other costs.
Research and development expenses	Research and development expenses primarily consist of (1) salaries and benefits expenses incurred for research and development personnel, and (2) rental, general expenses and depreciation expenses associated with the research and development activities. Expenditures incurred during the research phase are expensed as incurred and no research and development expenses were capitalized as of December 31, 2019 and 2020.
Sales and marketing expenses	Sales and marketing expenses consist primarily of advertising and market promotion expenses. The advertising and market promotion expenses amounted to RMB4,224, RMB 3,350 and RMB 9,588 (US$ 1,469) for the years ended December 31, 2018, 2019 and 2020, respectively.
Employee benefits	The full-time employees of the Company’s PRC subsidiaries are entitled to staff welfare benefits including medical care, housing fund, unemployment insurance and pension benefits, which are government mandated defined contribution plans. These entities are required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued. The total amounts for such employee benefits were RMB5,195, RMB6,951 and RMB 5,797 (US$ 888) for the years ended December 31, 2018, 2019 and 2020, respectively.
Leases	Leases are classified at the inception date as either a capital lease or an operating lease. The Company did not enter into any leases whereby it is the lessor for any of the periods presented. As the lessee, a lease is a capital lease if any of the following conditions exists: a) ownership is transferred to the lessee by the end of the lease term, b) there is a bargain purchase option, c) the lease term is at least 75% of the property’s estimated remaining economic life, or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date. A lease involving integral equipment is a capital lease only if condition (a) or (b) exists. A capital lease is accounted for as if there was an acquisition of an asset and an incurrence of an obligation at the inception of the lease. All other leases are accounted for as operating leases wherein rental payments are expensed on a straight-line basis over the periods of their respective leases. The Company leases office space under operating lease agreements. Certain of the lease agreements contain rent holidays. Rent holidays are considered in determining the straight-line rent expense to be recorded over the lease term. The lease term begins on the date of initial possession of the lease property for purposes of recognizing lease expense on a straight-line basis over the term of the lease. The excess of rent expense and rent paid, as the case may be for respective leases, is recorded as deferred rental included in the prepaid expenses and other current assets in the consolidated balance sheets.
Income taxes	The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. The Company follows the liability method in accounting for income taxes in accordance to ASC topic 740 (“ASC 740”), Income Taxes. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. A valuation allowance would be recorded against deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The guidance on accounting for uncertainties in income taxes prescribes a more likely than not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Guidance was also provided on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures. Significant judgment is required in evaluating the Company’s uncertain tax positions and determining its provision for income taxes. The Company recognizes interests and penalties, if any, under accrued expenses and other current liabilities on its balance sheet and under other expenses in its statement of comprehensive loss. The Company did not recognize any interest and penalties associated with uncertain tax positions as of December 31, 2019 and 2020. As of December 31, 2019 and 2020, the Company did not have any significant unrecognized uncertain tax positions.
Value added tax (“VAT”)	(v) Value added tax (“VAT”) Revenue represents the invoiced value of service, net of VAT. The VAT is based on gross sales price and VAT rates range up to 13%, depending on the type of service provided. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded in tax payable. All of the VAT returns filed by the Company’s subsidiaries in China, have been and remain subject to examination by the tax authorities for five years from the date of filing.
Statutory reserves	The Company’s PRC entities are required to make appropriations to certain non-distributable reserve funds. In accordance with the laws applicable to China’s Foreign Investment Enterprises, the Company’s subsidiaries registered as WFOEs have to make appropriations from its after-tax profit (as determined under the Accounting Standards for Business Enterprises as promulgated by the Ministry of Finance of the People’s Republic of China (“PRC GAAP”) to reserve funds including general reserve fund and staff bonus and welfare fund. The appropriation to the general reserve fund must be at least 10% of the after-tax profits calculated in accordance with PRC GAAP. Appropriation is not required if the reserve fund has reached 50% of the registered capital of the Company. Appropriation to the staff bonus and welfare fund is at the Company’s discretion. In addition, in accordance with the Company Laws of the PRC, the Company’s entities registered as PRC domestic companies must take appropriations from its after-tax profit as determined under the PRC GAAP to non-distributable reserve funds including a statutory surplus fund and a discretionary surplus fund. The appropriation to the statutory surplus fund must be at least 10% of after-tax profits as determined under the PRC GAAP. Appropriation is not required if the surplus fund has reached 50% of the registered capital of the Company. Appropriation to the discretionary surplus fund is made at the discretion of the Company. The use of the general reserve fund, statutory surplus fund and discretionary surplus fund are restricted to the off-setting of losses or increasing capital of the respective company. The staff bonus and welfare fund is liability in nature and is restricted to fund payments of special bonus to staff and for the collective welfare of employees. All these reserves are not allowed to be transferred to the Company in terms of cash dividends, loans or advances, nor can they be distributed except under liquidation.
Earnings per share	The Company computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net income divided by the weighted average common share outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of the potential common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. Contingently issuable shares were not included in the computation of diluted shares outstanding if they were not issuable should the end of the reporting period have been the end of the contingency period. For the years ended December 31, 2019, the dilutive shares included 602,000 issuable shares from public and private placement rights, which was fully issued for the year ended December 31, 2020. For the years ended December 31, 2020, there was 3,540,960 contractual issuable shares related to SPAC and Beelive Earn-out Target 2020 achieved as of December 31, 2020.
Segment reporting	The Company follows ASC 280, “ Segment Reporting.”
Recent accounting pronouncements	In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This update will require the recognition of a right-of-use asset and a corresponding lease liability, initially measured at the present value of the lease payments, for all leases with terms longer than 12 months. For operating leases, the asset and liability will be expensed over the lease term on a straight-line basis, with all cash flows included in the operating section of the statement of cash flows. For finance leases, interest on the lease liability will be recognized separately from the amortization of the right-of-use asset in the statement of comprehensive income and the repayment of the principal portion of the lease liability will be classified as a financing activity while the interest component will be included in the operating section of the statement of cash flows. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018 and requires a modified retrospective approach to adoption. Early adoption is permitted. In September 2017, the FASB issued ASU No. 2017-13, which to clarify effective dates that public business entities and other entities were required to adopt ASC Topic 842 for annual reporting. A public business entity that otherwise would not meet the definition of a public business entity except for a requirement to include or the inclusion of its financial statements or financial information in another entity’s filing with the SEC adopting ASC Topic 842 for annual reporting periods beginning after December 15, 2019, and interim reporting periods within annual reporting periods beginning after December 15, 2020. ASU No. 2017-13 also amended that all components of a leveraged lease be recalculated from inception of the lease based on the revised after-tax cash flows arising from the change in the tax law, including revised tax rates. The difference between the amounts originally recorded and the recalculated amounts must be included in income of the year in which the tax law is enacted. In November 2019, the FASB issued ASU No. 2019-10, by which to defer the effective date for all other entities by an additional year. As an emerging growth company, the Company has not early adopted this update and it will become effective on January 1, 2021. In June 2020, the FASB issued ASU No. 2020-05, “Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842) Effective Dates for Certain Entities” (“ASU 2020-05”) in response to the ongoing impacts to businesses in response to the coronavirus (COVID-19) pandemic. ASU 2020-05 provides a limited deferral of the effective dates for implementing previously issued ASU 606 and ASU 842 to give some relief to businesses and the difficulties they are facing during the pandemic. ASU 2020-05 affects entities in the “all other” category and public Not-For-Profit entities that have not gone into effect yet regarding ASU 2016-02, Leases (Topic 842). Entities in the “all other” category may defer to fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. The Company is currently evaluating the impact of the adoption of ASU 2016-02 on its consolidated financial statements and related disclosures. As of December 31, 2020, the Company has RMB 18,649 (US$2,858) of future minimum operating lease commitments that are not currently recognized on its consolidated balance sheets. Therefore, the Company would expect changes to its consolidated balance sheets for the recognition of these and any additional leases entered into in the future upon adoption. In October 2018, the FASB issued ASU No. 2018-17 (“ASU 2018-17”), Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities. The updated guidance requires entities to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety when determining whether a decision-making fee is a variable interest. The amendments in this update are effective for non-public business entities for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021, with early adoption permitted. These amendments should be applied retrospectively with a cumulative-effect adjustment to retained earnings at the beginning of the earliest period presented. The Company is currently evaluating the impact of adopting this standard on its consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, to simplify the accounting for income taxes. The new guidance eliminates certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. It also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. This ASU will become effective for the Company’s annual and interim periods beginning in January 1, 2021, and early adoption is permitted. The Company is evaluating the impact of this standard on its consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) (“ASU 2020-01”), which is intended to clarify the interaction of the accounting for equity securities under Topic 321 and investments accounted for under the equity method of accounting in Topic 323 and the accounting for certain forward contracts and purchased options accounted for under Topic 815. ASU 2020-01 is effective for the Company beginning January 1, 2021. The Company is currently evaluating the effect of adopting this ASU on the Company’s consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) (“ASU 2020-06”). ASU 2020-06 simplifies the guidance for certain financial instruments with characteristics of both debt and equity, including convertible instruments and contracts on an entity’s own equity, by reducing the number of accounting models for convertible instruments. It also amends guidance in ASC Topic 260, Earnings Per Share, relating to the computation of earnings per share for convertible instruments and contracts on an entity’s own equity. ASU 2020-06 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2021, with early adoption permitted for fiscal years that begin after December 15, 2020. The Company is in the process of assessing the impact the adoption of ASU 2020-06 will have on the financial statements. Except for the above-mentioned pronouncements, there are no new recent issued accounting standards that will have a material impact on the consolidated financial position, statements of operations and cash flows.

Organization and Principal Ac_2

Organization and Principal Activities (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of subsidiaries	Subsidiaries Date of Place of Percentage of ownership Principal activities Scienjoy Inc. March 2, 2017 Cayman Islands 100% Holding Company Scienjoy International Limited (“Scienjoy HK”) May 18, 2017 Hong Kong 100% Holding Company Sixiang Wuxian (Beijing) Technology Co., Ltd. (“WX” or “WFOE”) October 17, 2017 The PRC 100% Holding Company Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”) July 5, 2018 The PRC 100% Holding Company Holgus Sixiang Information Technology Co., Ltd. (“Holgus X”) May 9, 2017 The PRC 100% Live streaming platform Kashgar Sixiang Times Internet Technology Co., Ltd. (“Kashgar Times”) March 2, 2016 The PRC 100% Live streaming platform Scienjoy BeeLive Limited (formerly known as Sciscape International Limited, “SIL”) December 18, 2017 Hong Kong 100% Live streaming platform Kashgar Sixiang Lehong Information Technology Co., Ltd (“Kashgar Lehong”) July 23, 2020 The PRC 100% Information technology Holgus Sixiang Haohan Internet Technology Co., Ltd.(“Holgus H”) (a wholly owned subsidiary of ZH) December 11, 2020 The PRC 100% Information technology Sixiang ZhiHui(HaiNan) Technology Co., Ltd (“ZHHN”) (a wholly owned subsidiary of ZH) December 23, 2020 The PRC 100% Live streaming platform ZhiHui QiYuan(HaiNan) Investment Co,. Ltd (“QYHN”) (a wholly owned subsidiary of ZH) March 2, 2021 The PRC 100% Live streaming platform VIEs Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”) January 22, 2019 The PRC 100% Holding Company Beijing Sixiang Shiguang Technology Co., Ltd. (“SG”) October 28, 2011 The PRC 100% Live streaming platform Hai Xiu (Beijing) Technology Co., Ltd. (“HX”) April 18, 2016 The PRC 100% Live streaming platform Beijing Le Hai Technology Co., Ltd. (“LH”) June 16, 2015 The PRC 100% Live streaming platform Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) July 18, 2018 The PRC 100% Live streaming platform Sixiang Mifeng (Tianjin) Technology Co., Ltd (“DF”, formerly known as Tianjin Guangju Dingfei Technology Co., Ltd) August 8, 2016 The PRC 100% Live streaming platform Changxiang Infinite Technology (Beijing) Co., Ltd. (“CX”) (a wholly owned subsidiary of DF) September 22, 2016 The PRC 100% Live streaming platform
Schedule of consolidated financial statements of balance sheets	As of December 31, 2019 2020 2020 RMB RMB USD ASSETS Current assets Cash and cash equivalents 43,907 72,179 11,062 Accounts receivable, net 65,357 183,555 28,131 Prepaid expenses and other current assets 6,104 11,728 1,797 Loan receivables - related parties 500 - - Amounts due from inter-companies (1) 131,380 130,987 20,075 Total current assets 247,248 398,449 61,065 Non-current assets Property and equipment, net 575 1,195 183 Intangible assets, net 186 239,609 36,722 Goodwill - 92,069 14,110 Deferred tax assets 474 5,004 767 Long term deposits and other assets 1,051 950 146 Deferred IPO cost 1,307 - - Long term investments 5,000 5,000 766 Total non-current assets 8,593 343,827 52,694 TOTAL ASSETS 255,841 742,276 113,759 LIABILITIES Current liabilities Accounts payable 22,138 58,713 8,998 Deferred revenue 22,418 35,259 5,404 Accrued salary and employee benefits 7,594 16,069 2,463 Accrued expenses and other current liabilities 1,991 8,921 1,367 Income tax payable 8,435 8,581 1,315 Amounts due to related parties 8,482 - - Amounts due to inter-companies (1) 133,600 248,127 38,027 Current portion of contingent consideration – earn-out liability - 16,365 2,508 Total current liabilities 204,658 392,035 60,082 Non-current liabilities Deferred tax liabilities - 59,729 9,154 Contingent consideration – earn-out liability - 15,116 2,317 Total non-current liabilities - 74,845 11,471 TOTAL LIABILITIES 204,658 466,880 71,553
Schedule of consolidated statements of income	For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Net revenues 410,810 700,729 940,783 144,181 Third party customers 393,207 635,855 936,551 143,532 Inter-companies 17,603 64,874 4,232 649 Net (loss) income (32,108 ) 36,982 45,722 7,007
Schedule of consolidated statements of cash flow activities	For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Net cash (used in) provided by operating activities (4,003 ) 60,234 270,927 41,521 Net cash used in investing activities (357 ) (5,347 ) (323,670 ) (49,605 ) Net cash used in financing activities (9,750 ) (28,682 ) 80,247 12,298

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Summary of Significant Accounting Policies (Tables) [Line Items]
Schedule of estimated useful lives	Computer and transmission equipment 3 years Furniture, fixtures and office equipment 5 years
Schedule of estimated economic life of intangible assets	Trademark 10 years Patent 10 years Copyright 10 years Software 3 to 10 years Licenses acquired 3 years to infinite life
Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price	May 7, December 31, Risk-free interest rate 0.14 % 0.10 % Share price $ 8.92 $ 8.66 Probability 20% - 50 % 10 % August 10, December 31, Risk-free interest rate 0.12 - 0.14 % 0.11% - 0.13 % Share price $ 6.2 $ 8.66 Probability 20% - 50 % 20% - 50 %
Schedule of fair value hierarchy for assets and liabilities measured	As of December 31, 2020 Fair Value Measurement at the Reporting Date using Quoted price Significant Significant Total Earn-out liability from SPAC transaction ¥ - ¥ - ¥ 75,819 ¥ 75,819 Earn-out liability from BeeLive acquisition - - 31,480 31,480 ¥ - ¥ - ¥ 107,299 ¥ 107,299 At the dates of the transactions Fair Value Measurement at the Reporting Date using Quoted price Significant Significant Total Earn-out liability from SPAC transaction ¥ - ¥ - ¥ 266,828 ¥ 266,828 Earn-out liability from BeeLive acquisition - - 39,755 39,755 Total ¥ - ¥ - ¥ 306,583 ¥ 306,583
Schedule of fair value recurring basis using significant unobservable inputs	Balance Balance at January 1, 2020 ¥ - Contingent consideration resulting from SPAC Transaction 266,828 Contingent consideration resulting from BeeLive acquisition 39,755 Fair value change 14,068 Exchange difference (13,252 ) Reclassification to shares to be issued (200,100 ) Balance at December 31, 2020 ¥ 107,299 Less: Contingent consideration – earn-out liability – non-current portion ¥ 15,116 Contingent consideration – earn-out liability –current portion ¥ 92,183
Schedule of types revenue	For the years ended December 31, 2019 2020 2020 Amounts in thousands of RMB and USD RMB RMB USD Live streaming - consumable virtual items revenue 884,385 1,187,431 181,982 Live streaming - time based virtual item revenue 26,812 29,596 4,536 Technical services 3,429 5,156 790 Total revenue 914,626 1,222,183 187,308
Schedule of revenue platforms	For the years ended December 31, 2019 2020 2020 Amounts in thousands of RMB and USD RMB RMB USD Showself 530,111 549,763 84,256 Lehai 181,626 180,112 27,603 Haixiu 199,460 321,468 49,267 Beelive - 165,684 25,392 Technical services 3,429 5,156 790 TOTAL 914,626 1,222,183 187,308
Warrant liabilities [Member]
Summary of Significant Accounting Policies (Tables) [Line Items]
Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price	May 7, December 31, Risk-free interest rate 0.23 % 0.18 % Share price $ 8.92 $ 8.66 Volatility 37 % 38 %
Schedule of fair value recurring basis using significant unobservable inputs	Balance Balance at January 1, 2020 ¥ - Warrant liabilities resulting from SPAC Transaction 36,121 Fair value change (3,904 ) Exchange difference (2,659 ) Balance as of December 31, 2020 ¥ 29,558

Acquisition (Tables)

Acquisition (Tables)	12 Months Ended
	Dec. 31, 2020
Acquisition (Tables) [Line Items]
Schedule of pro forma results of operations	For the For the (Unaudited) (Unaudited) RMB USD Pro forma revenue 1,280,228 196,204 Pro forma gross profit 204,450 31,333 Pro forma income from operations 155,767 23,872 Pro forma net income 151,747 23,256
Lixiaozhi (Chongqing) Internet Technology Co., Ltd. [Member]
Acquisition (Tables) [Line Items]
Schedule of fair value of the identifiable assets acquired and liabilities	Amount RMB USD Cash acquired 23 4 Accounts receivable, net 8 1 Intangible assets, net 239 37 Accounts and other payables (70 ) (11 ) Total consideration 200 31
BeeLive [Member]
Acquisition (Tables) [Line Items]
Schedule of fair value of the identifiable assets acquired and liabilities	Amount RMB USD Cash acquired 10,129 1,552 Accounts receivable, net 29,330 4,495 Prepayment 7,390 1,132 Amounts due from related parties 21,840 3,347 68,689 10,526 Property and equipment, net 426 65 Intangible assets, net 240,610 36,875 Deferred tax asset 7,577 1,161 Goodwill 92,069 14,110 Total assets 409,371 62,737 Current liabilities 77,079 11,813 Loan payable – non-current portion 7,400 1,134 Deferred tax liability 60,137 9,216 Total liabilities 144,616 22,163 Total consideration 264,755 40,574

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Credit Loss, Additional Improvements [Abstract]
Schedule of accounts receivable and allowance for doubtful accounts	As of December 31, 2019 2020 2020 RMB RMB USD Accounts receivable 130,376 232,027 35,559 Less: allowance for doubtful accounts (10,266 ) (3,813 ) (584 ) Accounts receivable, net 120,110 228,214 34,975
Schedule of analysis of the allowance for doubtful accounts	For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Balance, beginning of year 2,606 9,432 10,266 1,573 Bad debt allowances from acquisition - - 1,800 276 Additions 6,826 834 - - Recovery - - (8,253 ) (1,265 ) Balance, end of year 9,432 10,266 3,813 584

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]
Schedule of prepaid expenses and other current assets	As of December 31, 2019 2020 2020 RMB RMB USD VAT recoverable 3,182 6,754 1,036 Prepaid expense 5,021 6,919 1,060 Other receivables 3,354 80 12 Subtotal: 11,557 13,753 2,108 Less: allowance for doubtful accounts - - - Prepaid expenses and other current assets, net 11,557 13,753 2,108
Schedule of allowance for doubtful accounts	For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Balance, beginning of year - - - - Additions - 20 - - Write off - (20 ) - - Balance, end of year - - - -

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of property and equipment, net	As of December 31, 2019 2020 2020 RMB RMB USD At cost: Computer and transmission equipment 5,246 6,640 1,018 Furniture, fixtures and office equipment 311 427 65 Total 5,557 7,067 1,083 Less: accumulated depreciation (4,821 ) (5,711 ) (875 ) Property and equipment, net 736 1,356 208

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	As of December 31, 2019 2020 2020 RMB RMB USD At cost: Trademark 23 26,718 4,095 Patent 33 33 5 Copyright 69 97 15 Software 142 6,804 1,042 License acquired - 207,835 31,853 Total 267 241,487 37,010 Less: accumulated depreciation (72 ) (1,853 ) (284 ) Intangible assets, net 195 239,634 36,726
Schedule of estimated annual amortization expense	Amortization Amortization Twelve months ending December 31, RMB USD 2021 4,076 625 2022 4,076 625 2023 3,998 613 2024 3,998 613 2025 3,472 532 Thereafter 12,415 1,903 Total 32,035 4,911

Long Term Investment (Tables)

Long Term Investment (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]
Schedule of long term investment	Cost method investments without readily determinable fair value Cost method investments without readily determinable fair value RMB USD Balance as of January 1, 2020 5,000 766 Additions - - Disposal - - Impairment - - Balance as of December 31, 2020 5,000 766 (i) Investments held by the Company as of December 31, 2020 comprised of equity investment in the privately-held entity (“Zhejiang Qusu Technology Co., Ltd” or “QS”), in which the Company does not have significant influence and such investment do not have readily determinable fair values. In the past, the Company hold the equity interest in QS through a LP fund (“Zhengrui”). Through a restructure completed on December 25, 2020, the Company directly owns the equity interest in QS. As of December 31, 2020, the Company did not consider there was any facts indicating the fair value of the investment was less than it carrying value.

Long Term Deposits and Other _2

Long Term Deposits and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of long term deposits and other assets	As of December 31, 2019 2020 2020 RMB RMB USD Rent deposits 392 572 88 Advertising deposits 2,369 810 124 Long term deposits and other assets 2,761 1,382 212

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of income tax expenses comprise	For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Current income tax expense 4,540 6,814 5,459 837 Deferred income tax expense (benefit) 87 (191 ) 1,945 298 Income tax expenses 4,627 6,623 7,404 1,135
Schedule of reconciliation of differences between the statutory tax rate and the effective tax rate	For the years ended December 31, 2018 2019 2020 Income tax computed at PRC statutory tax rate 25.0 % 25.0 % 25.0 % Effect of tax-preferential entities (22.0 )% (21.2 )% (22.2 )% Non-deductible expenses 1.2 % 0.5 % 1.2 % Income tax expense 4.2 % 4.3 % 4.0 %
Schedule of components of deferred taxes	As of December 31, 2019 2020 2020 RMB RMB USD Deferred tax assets: Allowance for doubtful accounts 474 633 97 Net operating losses carried forward - 5,021 770 474 5,654 867
Schedule of components of deferred liabilities	As of December 31, 2019 2020 2020 RMB RMB USD Deferred tax liabilities Intangible assets acquired through acquisition - 59,729 9,154 - 59,729 9,154

Related Party Balances and Tr_2

Related Party Balances and Transactions (Tables)	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Schedule of significant related party transactions	Name of Related Parties Relationship with the Company Mr. He Xiaowu Chief Executive Officer and Chairman of the Board Sixiang Times (Beijing) Technology Co., Ltd. Where the Company’s executive is one of the major shareholders Beijing Junwei Technology Co., Ltd. Controlling shareholder of SG and HX Beijing WanPu Century Technology Co Ltd Subsidiary company of Beijing NQ Mobile Inc., which was holding company of Sixiang Times (Beijing) Technology Co., Ltd Lavacano Holdings Limited Where Mr. He Xiaowu acted as director ENMOLI INC Where Mr. He Xiaowu acted as director
Schedule of significant related party transactions	For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Beijing WanPu Century Technology Co Ltd Market promotion expenses 16 16 - - Sixiang Times (Beijing) Technology Co., Ltd. Rental and service fees 8,399 986 2,106 323
Schedule of amount due from or due to related parties	As of December 31, 2019 2020 2020 RMB RMB USD Loan receivables - related parties Beijing Junwei Technology Co., Ltd. (1) 500 - - Total 500 - - Amount due from related parties Lavacano Holdings Limited 7 7 1 Total 7 7 1 Loan payables - related parties ENMOLI INC (2) 5,525 - - Total 5,525 - - Amount due to related parties Sixiang Times (Beijing) Technology Co., Ltd. (3) 986 - - Beijing WanPu Century Technology Co., Ltd. 7,496 - - Total 8,482 - -

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Schedule of warrants activity	Number of Weighted Expiration Public warrants assumed from Wealthbridge’s initial Public Offering on February 5,2019 5,750,000 Private warrants assumed from Wealthbridge’s private placement on February 5,2019 270,000 Balance of warrants outstanding as of December 31, 2020 6,020,000 3.1 years February 4, 2024 Balance of warrants exercisable as of December 31, 2020 6,020,000 3.1 years February 4, 2024

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease payments under non-cancelable operating	RMB USD Twelve months ending December 31, 2021 4,927 755 2022 4,597 705 2023 4,386 672 2024 4,374 670 2025 365 56 Total 18,649 2,858

Condensed Financial Informati_2

Condensed Financial Information of The Parent Company (Tables)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
Schedule of balance sheets	As of December 31, 2019 2020 2020 RMB RMB USD ASSETS Current assets Cash and cash equivalents 35 183 28 Prepaid expenses and other current assets - 392 60 Amounts due from subsidiaries - 236,403 36,231 Total current assets 35 236,978 36,319 Non-current assets Investments in subsidiaries and consolidated VIE 174,525 359,394 55,081 TOTAL ASSETS 174,560 596,372 91,400 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities Amounts due to subsidiaries 34 - - Warrant liabilities - 29,558 4,530 Current portion of contingent consideration – earn-out liability - 92,183 14,128 Total current liabilities 34 121,741 18,658 Non-current liabilities Contingent consideration – earn-out liability - 15,116 2,317 Total liabilities 34 136,857 20,975 Shareholders’ equity Ordinary share, no par value, unlimited shares authorized, 19,400,000 and 27,037,302 shares issued and outstanding as of December 31, 2019 and 2020, respectively 9,664 (96,349 ) (14,766 ) Shares to be issued - 200,100 30,667 Statutory reserves 12,059 18,352 2,813 Retained earnings 152,803 322,610 49,442 Accumulated other comprehensive income - 14,802 2,269 Total shareholder’s equity 174,526 459,515 70,425 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 174,560 596,372 91,400
Schedule of statements of comprehensive loss	For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Equity income of subsidiaries 106,740 149,918 184,869 28,333 General administrative expense and others - - 1,395 214 Change in fair value of warrant liabilities - - 3,904 597 Change in fair value of contingent consideration - - (14,068 ) (2,156 ) Net income 106,740 149,918 176,100 26,988 Other comprehensive income - foreign currency translation adjustment - - 14,802 2,269 Comprehensive income attributable to the Company’s shareholders 106,740 149,918 190,902 29,257
Schedule of statements of cash flows	For the years ended December 31, 2018 2019 2020 2020 RMB RMB RMB USD Cash flows from operating activities Net income 106,740 149,918 176,100 26,988 Equity in earning of subsidiaries (106,740 ) (149,918 ) (184,869 ) (28,332 ) Change in fair value of warrant liabilities - - (3,904 ) (598 ) Change in fair value of contingent consideration - - 14,068 2,156 Changes in operating assets and liabilities - - - - Prepaid expense and other current assets - - (392 ) (60 ) Net cash provided by operating activities - - 1,003 154 Cash flows from investing activities Proceeds from subsidiaries 238,500 136,953 - - Net cash provided by investing activities 238,500 136,953 - - Cash flows from financing activities Dividends distribution to shareholders (228,500 ) (104,590 ) - - Capital distribution due to reorganization (10,000 ) (32,328 ) - - Due to related parties - - (26,590 ) (4,075 ) Net cash acquired in the reverse recapitalization - - 32,659 5,005 Payment of listing costs - - (6,924 ) (1,061 ) Net cash used in financing activities (238,500 ) (136,918 ) (855 ) (131 ) Net increase in cash and cash equivalents - 35 148 23 Cash and cash equivalents at beginning of the year - - 35 5 Cash and cash equivalents at end of the year - 35 183 28

Organization and Principal Ac_3

Organization and Principal Activities (Details) ¥ in Thousands, $ in Thousands	1 Months Ended		12 Months Ended
	Jan. 29, 2019	Nov. 16, 2018	Dec. 31, 2020shares	May 07, 2020shares	Jan. 10, 2020CNY (¥)	Jan. 10, 2020USD ($)	Dec. 31, 2019shares	Jan. 28, 2019CNY (¥)	Jul. 24, 2018CNY (¥)	Jul. 18, 2018	Jan. 01, 2018
Organization and Principal Activities (Details) [Line Items]
Equity interests acquired, percentage	100.00%			100.00%
Common stock, shares (in Shares)			27,037,302				19,400,000
Equity transfer agreements, description	WFOE holds 100% of equity interests of ZH which holds 100% of equity interest in Kashgar Times and Holgus X. WFOE is the primary beneficiary of QY which holds 100% equity interest in SG, HX and LH. These transactions were between entities under common control, and therefore accounted for in a manner similar to the pooling of interest method.	Sixiang Times and other minority shareholders respectively entered into certain equity transfer agreements with Sixiang Huizhi (Beijing) Technology Culture Co., Ltd. (“HZ”) and Tianjin Sihui Peiying Technology Co., Ltd. (“SY”), and transfer 100% equity interest in SG to HZ, and transfer 100% equity interest in HX and LH to HZ and SY accordingly. Both HZ and SY were ultimately controlled by TF.
Sixiang Times [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interests acquired, percentage											65.00%
Holgus [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interest, percentage										100.00%
Kashgar [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interest, percentage									100.00%
Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”) [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interest, percentage								100.00%
Consideration amount (in Yuan Renminbi) | ¥								¥ 32,000
Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interests acquired, percentage					100.00%	100.00%
Cash Consideration					¥ 200	$ 28
WFOE [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interests acquired, percentage	100.00%
Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”) [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interests acquired, percentage	100.00%
Exclusive Business Cooperation Agreements [Member]
Organization and Principal Activities (Details) [Line Items]
Effective term, year			20 years
Term extended			1 year
Share Exchange Agreement [Member]
Organization and Principal Activities (Details) [Line Items]
Equity interests acquired, percentage				100.00%
Common stock, shares (in Shares)				19,400,000
Consideration of ordinary shares (in Shares)				3,000,000
Kashgar [Member]
Organization and Principal Activities (Details) [Line Items]
Consideration amount (in Yuan Renminbi) | ¥									¥ 10,000
Exclusive Option Agreements [Member]
Organization and Principal Activities (Details) [Line Items]
Effective term, year			20 years
Term extended			1 year
Renewal extension, term year			1 year
Exclusive Business Cooperation Agreements [Member]
Organization and Principal Activities (Details) [Line Items]
Renewal extension, term year			1 year

Organization and Principal Ac_4

Organization and Principal Activities (Details) - Schedule of subsidiaries	12 Months Ended
	Dec. 31, 2020
Scienjoy Inc. [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	Cayman Islands
Percentage of direct/indirect ownership	100.00%
Principal activities	Holding Company
Date of incorporation	Mar. 2, 2017
Scienjoy International Limited (“Scienjoy HK”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	Hong Kong
Percentage of direct/indirect ownership	100.00%
Principal activities	Holding Company
Date of incorporation	May 18, 2017
Sixiang Wuxian (Beijing) Technology Co., Ltd. (“WX” or “WFOE”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Holding Company
Date of incorporation	Oct. 17, 2017
Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Holding Company
Date of incorporation	Jul. 5, 2018
Holgus Sixiang Information Technology Co., Ltd. (“Holgus X”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	May 9, 2017
Kashgar Sixiang Times Internet Technology Co., Ltd. (“Kashgar Times”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Mar. 2, 2016
Scienjoy BeeLive Limited (formerly known as Sciscape International Limited, “SIL”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	Hong Kong
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Dec. 18, 2017
Kashgar Sixiang Lehong Information Technology Co., Ltd (“Kashgar Lehong”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Information technology
Date of incorporation	Jul. 23, 2020
Holgus Sixiang Haohan Internet Technology Co., Ltd.(“Holgus H”) (a wholly owned subsidiary of ZH) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Information technology
Date of incorporation	Dec. 11, 2020
Sixiang ZhiHui(HaiNan) Technology Co., Ltd (“ZHHN”) (a wholly owned subsidiary of ZH) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Dec. 23, 2020
ZhiHui QiYuan(HaiNan) Investment Co,. Ltd (“QYHN”) (a wholly owned subsidiary of ZH) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Mar. 2, 2021
Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Holding Company
Date of incorporation	Jan. 22, 2019
Beijing Sixiang Shiguang Technology Co., Ltd. (“SG”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Oct. 28, 2011
Hai Xiu (Beijing) Technology Co., Ltd. (“HX”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Apr. 18, 2016
Beijing Le Hai Technology Co., Ltd. (“LH”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Jun. 16, 2015
Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Jul. 18, 2018
Sixiang Mifeng (Tianjin) Technology Co., Ltd (“DF”, formerly known as Tianjin Guangju Dingfei Technology Co., Ltd) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Aug. 8, 2016
Changxiang Infinite Technology (Beijing) Co., Ltd. (“CX”) (a wholly owned subsidiary of DF) [Member]
Organization and Principal Activities (Details) - Schedule of subsidiaries [Line Items]
Place of incorporation	The PRC
Percentage of direct/indirect ownership	100.00%
Principal activities	Live streaming platform
Date of incorporation	Sep. 22, 2016

Organization and Principal Ac_5

Organization and Principal Activities (Details) - Schedule of consolidated financial statements of balance sheets - Subsidiaries [Member] ¥ in Thousands, $ in Thousands		Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Current assets
Cash and cash equivalents		¥ 72,179	$ 11,062	¥ 43,907
Accounts receivable, net		183,555	28,131	65,357
Prepaid expenses and other current assets		11,728	1,797	6,104
Loan receivables - related parties				500
Amounts due from inter-companies	[1]	130,987	20,075	131,380
Total current assets		398,449	61,065	247,248
Non-current assets
Property and equipment, net		1,195	183	575
Intangible assets, net		239,609	36,722	186
Goodwill		92,069	14,110
Deferred tax assets		5,004	767	474
Long term deposits and other assets		950	146	1,051
Deferred IPO cost				1,307
Long term investments		5,000	766	5,000
Total non-current assets		343,827	52,694	8,593
TOTAL ASSETS		742,276	113,759	255,841
Current liabilities
Accounts payable		58,713	8,998	22,138
Deferred revenue		35,259	5,404	22,418
Accrued salary and employee benefits		16,069	2,463	7,594
Accrued expenses and other current liabilities		8,921	1,367	1,991
Income tax payable		8,581	1,315	8,435
Amounts due to related parties				8,482
Amounts due to inter-companies	[1]	248,127	38,027	133,600
Current portion of contingent consideration – earn-out liability		16,365	2,508
Total current liabilities		392,035	60,082	204,658
Non-current liabilities
Deferred tax liabilities		59,729	9,154
Contingent consideration – earn-out liability		15,116	2,317
Total non-current liabilities		74,845	11,471
TOTAL LIABILITIES		¥ 466,880	$ 71,553	¥ 204,658
[1]	Amount due from/to inter-companies consist of intercompany receivables/payables to the other companies within the Company.

Organization and Principal Ac_6

Organization and Principal Activities (Details) - Schedule of consolidated statements of income - Subsidiaries [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Organization and Principal Activities (Details) - Schedule of consolidated statements of income [Line Items]
Net revenues	¥ 940,783	$ 144,181	¥ 700,729	¥ 410,810
Third party customers	936,551	143,532	635,855	393,207
Inter-companies	4,232	649	64,874	17,603
Net (loss) income	¥ 45,722	$ 7,007	¥ 36,982	¥ (32,108)

Organization and Principal Ac_7

Organization and Principal Activities (Details) - Schedule of consolidated statements of cash flow activities - Subsidiaries [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Organization and Principal Activities (Details) - Schedule of consolidated statements of cash flow activities [Line Items]
Net cash (used in) provided by operating activities	¥ 270,927	$ 41,521	¥ 60,234	¥ (4,003)
Net cash used in investing activities	(323,670)	(49,605)	(5,347)	(357)
Net cash used in financing activities	¥ 80,247	$ 12,298	¥ (28,682)	¥ (9,750)

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) ¥ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)¥ / sharesshares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)	Dec. 31, 2020USD ($)shares
Summary of Significant Accounting Policies (Details) [Line Items]
Convenience Price (in Yuan Renminbi per share) | ¥ / shares	¥ 6.5250
Accounts considered overdue term	180 years				180 years
Earn-out liabilities	¥ 107,300
Current portion of earn out liability	92,200
Non current portion of earnout liability	15,100
Related portion of earn-out liability	¥ 200,100
Earn-out shares issued (in Shares) | shares	3,540,960				3,540,960
Technical development and advisory Rate	1.00%	1.00%
Advertising and market promotion expenses	¥ 9,588	$ 1,469	¥ 3,350	¥ 4,224
Amount of employee benefits	¥ 5,797		6,951	¥ 5,195	$ 888
Estimated remaining economic life percentage	75.00%				75.00%
VAT rates range	13.00%				13.00%
General reserve fund rate	10.00%	10.00%
Reserve fund reached percentage	50.00%	50.00%
Statutory surplus fund percentage	10.00%	10.00%
Surplus fund reached percentage	50.00%	50.00%
Dilutive shares issued (in Shares) | shares	602,000	602,000
Earnings per share contractual issuable shares (in Shares) | shares	3,540,960	3,540,960
Future minimum operating lease commitments	¥ 18,649	$ 2,858
IPO [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Deferred offering cost			¥ 1,307

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives	12 Months Ended
	Dec. 31, 2020
Computer and transmission equipment [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	3 years
Furniture, fixtures and office equipment [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	5 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets	12 Months Ended
	Dec. 31, 2020
Trademark [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets [Line Items]
Intangible assets estimated useful lives	10 years
Patent [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets [Line Items]
Intangible assets estimated useful lives	10 years
Copyright [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets [Line Items]
Intangible assets estimated useful lives	10 years
Software [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets [Line Items]
Intangible assets estimated useful lives	3 years
Software [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets [Line Items]
Intangible assets estimated useful lives	10 years
Licenses acquired [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated economic life of intangible assets [Line Items]
Intangible assets estimated useful lives	3 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price - $ / shares	Aug. 10, 2020	May 07, 2020	May 07, 2020	Dec. 31, 2020
Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price [Line Items]
Risk-free interest rate		0.14%	0.23%	0.10%
Share price (in Dollars per share)	$ 6.2	$ 8.92	$ 8.92	$ 8.66
Probability			37.00%	10.00%
Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price [Line Items]
Risk-free interest rate	0.12%			0.11%
Probability	20.00%	20.00%		20.00%
Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price [Line Items]
Risk-free interest rate	0.14%			0.13%
Probability	50.00%	50.00%		50.00%

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured - CNY (¥) ¥ in Thousands	Aug. 10, 2020	Dec. 31, 2020
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total	¥ 306,583	¥ 107,299
Significant unobservable inputs Level 3 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total	306,583	107,299
Earn-out liability from SPAC transaction [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total	266,828	75,819
Earn-out liability from SPAC transaction [Member] | Significant unobservable inputs Level 3 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total	266,828	75,819
Earn-out liability from BeeLive acquisition [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total	39,755	31,480
Earn-out liability from BeeLive acquisition [Member] | Significant unobservable inputs Level 3 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of fair value hierarchy for assets and liabilities measured [Line Items]
Total	¥ 39,755	¥ 31,480

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Details) - Schedule of fair value recurring basis using significant unobservable inputs ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Schedule of fair value recurring basis using significant unobservable inputs [Abstract]
Balance
Contingent consideration resulting from SPAC Transaction	266,828
Contingent consideration resulting from BeeLive acquisition	39,755
Fair value change	14,068
Exchange difference	(13,252)
Reclassification to shares to be issued	(200,100)
Balance	107,299
Less: Contingent consideration – earn-out liability – non-current portion	15,116	$ 2,317
Contingent consideration – earn-out liability –current portion	¥ 92,183	$ 14,128

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (Details) - Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price - $ / shares	May 07, 2020	May 07, 2020	Dec. 31, 2020	Aug. 10, 2020
Schedule of assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price [Abstract]
Risk-free interest rate	0.14%	0.23%	0.10%
Share price (in Dollars per share)	$ 8.92	$ 8.92	$ 8.66	$ 6.2
Volatility		37.00%	10.00%

Summary of Significant Accou_10

Summary of Significant Accounting Policies (Details) - Schedule of fair value recurring basis using significant unobservable inputs - Warrant liabilities [Member] ¥ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance
Warrant liabilities resulting from SPAC Transaction	36,121
Fair value change	(3,904)
Exchange difference	(2,659)
Balance	¥ 29,558

Summary of Significant Accou_11

Summary of Significant Accounting Policies (Details) - Schedule of types revenue ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Principal Transaction Revenue [Line Items]
Total revenue	¥ 1,222,183	$ 187,308	¥ 914,626	¥ 743,018
Technical services [Member]
Principal Transaction Revenue [Line Items]
Total revenue	5,156	790	3,429
Live streaming - consumable virtual items revenue [Member]
Principal Transaction Revenue [Line Items]
Total revenue	1,187,431	181,982	884,385
Live streaming - time based virtual item revenue [Member]
Principal Transaction Revenue [Line Items]
Total revenue	¥ 29,596	$ 4,536	¥ 26,812

Summary of Significant Accou_12

Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms [Line Items]
TOTAL	¥ 1,222,183	$ 187,308	¥ 914,626	¥ 743,018
Technical services [Member]
Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms [Line Items]
TOTAL	5,156	790	3,429
Showself [Member]
Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms [Line Items]
TOTAL	549,763	84,256	530,111
Lehai [Member]
Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms [Line Items]
TOTAL	180,112	27,603	181,626
Haixiu [Member]
Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms [Line Items]
TOTAL	321,468	49,267	199,460
Beelive [Member]
Summary of Significant Accounting Policies (Details) - Schedule of revenue platforms [Line Items]
TOTAL	¥ 165,684	$ 25,392

Concentration of Risk (Details)

Concentration of Risk (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018
Concentration of Risk (Details) [Line Items]
Credit risk financial instruments	¥ 222,609	$ 34,116	¥ 134,772
Customer description	For the years ended December 31,2018, 2019 and 2020, no customer individually represents greater than 10% of the total revenue.	For the years ended December 31,2018, 2019 and 2020, no customer individually represents greater than 10% of the total revenue.
Purchases [Member] | Vendors [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage	30.80%	30.80%	37.20%	26.20%
Purchases [Member] | Vendors Two [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage				17.90%
Accounts Payable [Member] | Vendors [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage	13.10%	13.10%	30.70%	39.40%
Accounts Payable [Member] | Vendors Two [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage			21.60%	28.70%
Accounts Payable [Member] | Vendors Three [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage	10.00%	10.00%		11.70%
Vendors Two [Member] | Vendors Two [Member]
Concentration of Risk (Details) [Line Items]
Concentration risk, Percentage	10.40%	10.40%

Acquisition (Details)

Acquisition (Details) ¥ in Thousands, $ in Thousands	Aug. 10, 2020USD ($)	Jan. 10, 2020CNY (¥)	Jan. 10, 2020USD ($)	Dec. 31, 2020shares	May 07, 2020	Jan. 29, 2019
Acquisition (Details) [Line Items]
Acquire equity interest rate					100.00%	100.00%
Cash consideration		¥ 200	$ 31
intangible assets amortized term		3 years	3 years
First portion of earn-out shares | shares				540,960
Minimum [Member]
Acquisition (Details) [Line Items]
Business acquisition of intangible assets amortized term				5 years
Maximum [Member]
Acquisition (Details) [Line Items]
Business acquisition of intangible assets amortized term				10 years
Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) [Member]
Acquisition (Details) [Line Items]
Acquire equity interest rate		100.00%	100.00%
BeeLive [Member]
Acquisition (Details) [Line Items]
Acquire equity interest rate	100.00%
Cash consideration | $	$ 7,400
Business combination of description	(i) a cash consideration of RMB50.0 million (US$7.4 million) and (ii) RMB250.0 million in ordinary shares (approximately 5.4 million ordinary shares) to be issued by the Company. 30% of share consideration payments are subject to certain performance conditions (i.e. earn-out provisions as discussed below) and requirements over the following three years (earn-out arrangement). The fair value of purchase price including the consideration for earn-out arrangement was RMB264,755, based on a valuation performed by an independent valuation firm engaged by the Company. Tianjin Guangju Dingfei Technology Co., Ltd. subsequently changed its name to Sixiang Mifeng (Tianjin) Technology Co. and Sciscape International Limited changed its name to Scienjoy BeeLive Limited (together “BeeLive”).
Tianjin Guangju Dingfei Technology Co., Ltd. [Member]
Acquisition (Details) [Line Items]
Acquire equity interest rate	100.00%

Acquisition (Details) - Schedul

Acquisition (Details) - Schedule of fair value of the identifiable assets acquired and liabilities - Jan. 10, 2020 - Lixiaozhi (Chongqing) Internet Technology Co., Ltd. (“LXZ”) [Member] ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Acquisition (Details) - Schedule of fair value of the identifiable assets acquired and liabilities [Line Items]
Cash acquired	¥ 23	$ 4
Accounts receivable, net	8	1
Intangible assets, net	239	37
Accounts and other payables	(70)	(11)
Total consideration	¥ 200	$ 31

Acquisition (Details) - Sched_2

Acquisition (Details) - Schedule of fair value of the identifiable assets acquired and liabilities - Jan. 10, 2020 - BeeLive [Member] ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Acquisition (Details) - Schedule of fair value of the identifiable assets acquired and liabilities [Line Items]
Cash acquired	¥ 10,129	$ 1,552
Accounts receivable, net	29,330	4,495
Prepayment	7,390	1,132
Amounts due from related parties	21,840	3,347
Current Assets	68,689	10,526
Property and equipment, net	426	65
Intangible assets, net	240,610	36,875
Deferred tax asset	7,577	1,161
Goodwill	92,069	14,110
Total assets	409,371	62,737
Current liabilities	77,079	11,813
Loan payable – non-current portion	7,400	1,134
Deferred tax liability	60,137	9,216
Total liabilities	144,616	22,163
Total consideration	¥ 264,755	$ 40,574

Acquisition (Details) - Sched_3

Acquisition (Details) - Schedule of pro forma results of operations - 12 months ended Dec. 31, 2019 ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Schedule of pro forma results of operations [Abstract]
Pro forma revenue	¥ 1,280,228	$ 196,204
Pro forma gross profit	204,450	31,333
Pro forma income from operations	155,767	23,872
Pro forma net income	¥ 151,747	$ 23,256

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details)	Dec. 31, 2020	Dec. 31, 2019
Distributor One [Member]
Accounts Receivable, Net (Details) [Line Items]
Accounts receivables, percentage	67.90%	38.70%
Distributor Two [Member]
Accounts Receivable, Net (Details) [Line Items]
Accounts receivables, percentage	14.20%	35.90%
Director Three [Member]
Accounts Receivable, Net (Details) [Line Items]
Accounts receivables, percentage		15.30%

Accounts Receivable, Net (Det_2

Accounts Receivable, Net (Details) - Schedule of accounts receivable and allowance for doubtful accounts - Accounts Receivable [Member] ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	¥ 232,027	$ 35,559	¥ 130,376
Less: allowance for doubtful accounts	(3,813)	(584)	(10,266)
Accounts receivable, net	¥ 228,214	$ 34,975	¥ 120,110

Accounts Receivable, Net (Det_3

Accounts Receivable, Net (Details) - Schedule of analysis of the allowance for doubtful accounts ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Schedule of analysis of the allowance for doubtful accounts [Abstract]
Balance, beginning of year	¥ 10,266	$ 1,573	¥ 9,432	¥ 2,606
Bad debt allowances from acquisition	1,800	276
Additions			834	6,826
Recovery	(8,253)	(1,265)
Balance, end of year	¥ 3,813	$ 584	¥ 10,266	¥ 9,432

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - Schedule of prepaid expenses and other current assets ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Schedule of prepaid expenses and other current assets [Abstract]
VAT recoverable	¥ 6,754	$ 1,036	¥ 3,182
Prepaid expense	6,919	1,060	5,021
Other receivables	80	12	3,354
Subtotal:	13,753	2,108	11,557
Less: allowance for doubtful accounts
Prepaid expenses and other current assets, net	¥ 13,753	$ 2,108	¥ 11,557

Prepaid Expenses and Other Cu_4

Prepaid Expenses and Other Current Assets (Details) - Schedule of allowance for doubtful accounts ¥ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Schedule of allowance for doubtful accounts [Abstract]
Balance, beginning of year
Additions			20
Write off			(20)
Balance, end of year

Property and Equipment, Net (De

Property and Equipment, Net (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Property, Plant and Equipment [Abstract]
Depreciation expense	¥ 555	$ 85	¥ 655	¥ 1,167

Property and Equipment, Net (_2

Property and Equipment, Net (Details) - Schedule of property and equipment, net ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Property, Plant and Equipment [Line Items]
Total	¥ 7,067	$ 1,083	¥ 5,557
Less: accumulated depreciation	(5,711)	(875)	(4,821)
Property and equipment, net	1,356	208	736
Computer and transmission equipment [Member]
Property, Plant and Equipment [Line Items]
Total	6,640	1,018	5,246
Furniture, fixtures and office equipment [Member]
Property, Plant and Equipment [Line Items]
Total	¥ 427	$ 65	¥ 311

Intangible Assets (Details)

Intangible Assets (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense of intangible assets	¥ 1,749	$ 268	¥ 26	¥ 24

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of intangible assets ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
At cost:
Total cost	¥ 241,487	$ 37,010	¥ 267
Less: accumulated depreciation	(1,853)	(284)	(72)
Intangible assets, net	239,634	36,726	195
Trademark [Member]
At cost:
Total cost	26,718	4,095	23
Patent [Member]
At cost:
Total cost	33	5	33
Copyright [Member]
At cost:
Total cost	97	15	69
Software [Member]
At cost:
Total cost	6,804	1,042	142
License acquired [Member]
At cost:
Total cost	¥ 207,835	$ 31,853

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of estimated annual amortization expense - Dec. 31, 2020 ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Schedule of estimated annual amortization expense [Abstract]
2021	¥ 4,076	$ 625
2022	4,076	625
2023	3,998	613
2024	3,998	613
2025	3,472	532
Thereafter	12,415	1,903
Total	¥ 32,035	$ 4,911

Long Term Investment (Details)

Long Term Investment (Details) - Schedule of long term investment - 12 months ended Dec. 31, 2020 - Cost method investments without readily determinable fair value [Member] ¥ in Thousands, $ in Thousands		CNY (¥)	USD ($)
Long Term Investment (Details) - Schedule of long term investment [Line Items]
Balance as of January 1, 2020	[1]	¥ 5,000	$ 766
Additions
Disposal
Impairment
Balance as of December 31, 2020		¥ 5,000	$ 766
[1]	Investments held by the Company as of December 31, 2020 comprised of equity investment in the privately-held entity (“Zhejiang Qusu Technology Co., Ltd” or “QS”), in which the Company does not have significant influence and such investment do not have readily determinable fair values. In the past, the Company hold the equity interest in QS through a LP fund (“Zhengrui”). Through a restructure completed on December 25, 2020, the Company directly owns the equity interest in QS. As of December 31, 2020, the Company did not consider there was any facts indicating the fair value of the investment was less than it carrying value.

Long Term Deposits and Other _3

Long Term Deposits and Other Assets (Details) - Schedule of long term deposits and other assets ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Schedule of long term deposits and other assets [Abstract]
Rent deposits	¥ 572	$ 88	¥ 392
Advertising deposits	810	124	2,369
Long term deposits and other assets	¥ 1,382	$ 212	¥ 2,761

Income Taxes (Details)

Income Taxes (Details)	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Income Taxes (Details) [Line Items]
Tax percentage	4.00%	4.00%	4.30%	4.20%
Statutory rate percentage	25.00%	25.00%	25.00%	25.00%
Income tax law, description	Under the PRC Income Tax Laws, an enterprise which qualifies as a High and New Technology Enterprise (“the HNTE”) is entitled to a preferential tax rate of 15% provided it continues to meet HNTE qualification standards on an annual basis. SG qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2021. The HNTE certificate of SG is expiring in 2021 and there exists uncertainties with the reapplication outcome. HX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2017 to 2023. LH qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2016 to 2022. CX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2021. The HNTE certificate of CX is expiring in 2021 and there exists uncertainties with the reapplication outcome. Under the PRC Income Tax Laws, during the period from January 1, 2010 to December 31, 2020, an enterprise which established in region of Holgus X and Kashgar Times is entitled to a preferential tax rate of 0% in five consecutive years since the first-year income generated from operations provided it continues to meet the conditions within the required scope. Holgus X qualifies for the conditions and entitled for tax-exempt from 2017 to 2021. Kashgar Times qualifies for the conditions and entitled for tax-exempt from 2016 to 2020. Holgus H qualifies for the conditions and entitled for tax-exempt from 2020 to 2025. Kashgar Lehong qualifies for the conditions and entitled for tax-exempt from 2020 to 2025.	Under the PRC Income Tax Laws, an enterprise which qualifies as a High and New Technology Enterprise (“the HNTE”) is entitled to a preferential tax rate of 15% provided it continues to meet HNTE qualification standards on an annual basis. SG qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2021. The HNTE certificate of SG is expiring in 2021 and there exists uncertainties with the reapplication outcome. HX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2017 to 2023. LH qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2016 to 2022. CX qualifies as an HNTE and is entitled for a preferential tax rate of 15% from 2018 to 2021. The HNTE certificate of CX is expiring in 2021 and there exists uncertainties with the reapplication outcome. Under the PRC Income Tax Laws, during the period from January 1, 2010 to December 31, 2020, an enterprise which established in region of Holgus X and Kashgar Times is entitled to a preferential tax rate of 0% in five consecutive years since the first-year income generated from operations provided it continues to meet the conditions within the required scope. Holgus X qualifies for the conditions and entitled for tax-exempt from 2017 to 2021. Kashgar Times qualifies for the conditions and entitled for tax-exempt from 2016 to 2020. Holgus H qualifies for the conditions and entitled for tax-exempt from 2020 to 2025. Kashgar Lehong qualifies for the conditions and entitled for tax-exempt from 2020 to 2025.
Preferential tax rate	¥ 39,876,000	$ 6,111,000	¥ 33,227,000	¥ 24,475,000
Hong Kong [Member]
Income Taxes (Details) [Line Items]
Tax percentage	16.50%	16.50%
Corporate Income Tax [Member]
Income Taxes (Details) [Line Items]
Statutory rate percentage	25.00%	25.00%
Basic EPS [Member]
Income Taxes (Details) [Line Items]
Preferential tax rate	¥ 1,700	$ 300	1,700	1,300
Dilutive EPS [Member]
Income Taxes (Details) [Line Items]
Preferential tax rate	¥ 1.5	$ 0.2	¥ 1.7	¥ 1.2

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of income tax expenses comprise ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Schedule of income tax expenses comprise [Abstract]
Current income tax expense	¥ 5,459	$ 837	¥ 6,814	¥ 4,540
Deferred income tax expense (benefit)	1,945	298	(191)	87
Income tax expenses	¥ 7,404	$ 1,135	¥ 6,623	¥ 4,627

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of reconciliation of differences between the statutory tax rate and the effective tax rate	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of reconciliation of differences between the statutory tax rate and the effective tax rate [Abstract]
Income tax computed at PRC statutory tax rate	25.00%	25.00%	25.00%
Effect of tax-preferential entities	(22.20%)	(21.20%)	(22.00%)
Non-deductible expenses	1.20%	0.50%	1.20%
Income tax expense	4.00%	4.30%	4.20%

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of components of deferred taxes ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Deferred tax assets:
Allowance for doubtful accounts	¥ 633	$ 97	¥ 474
Net operating losses carried forward	5,021	770
Total	¥ 5,654	$ 867	¥ 474

Income Taxes (Details) - Sche_4

Income Taxes (Details) - Schedule of components of deferred liabilities ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Deferred tax liabilities
Intangible assets acquired through acquisition	¥ 59,729	$ 9,154
Total	¥ 59,729	$ 9,154

Related Party Balances and Tr_3

Related Party Balances and Transactions (Details) ¥ in Thousands, $ in Thousands	1 Months Ended
	Apr. 30, 2020USD ($)	Jan. 31, 2020USD ($)	Oct. 31, 2019CNY (¥)	Jan. 31, 2019USD ($)
Beijing Junwei Technology Co., Ltd [Member]
Related Party Balances and Transactions (Details) [Line Items]
Principal amount | ¥			¥ 500
Loan date			Mar. 24, 2020
Enmoli Inc [Member]
Related Party Balances and Transactions (Details) [Line Items]
Principal amount | $	$ 250	$ 600		$ 788
Loan date	May 18, 2020			Dec. 31, 2020

Related Party Balances and Tr_4

Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship	12 Months Ended
	Dec. 31, 2020
Mr. He Xiaowu [Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Chief Executive Officer and Chairman of the Board
Sixiang Times (Beijing) Technology Co., Ltd [Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Where the Company's executive is one of the major shareholders
Beijing Junwei Technology Co., Ltd.[Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Controlling shareholder of SG and HX
Beijing WanPu Century Technology Co Ltd [Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Subsidiary company of Beijing NQ Mobile Inc., which was holding company of Sixiang Times (Beijing) Technology Co., Ltd
Lavacano Holdings Limited [Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Where Mr. He Xiaowu acted as director
ENMOLI INC [Member]
Related Party Balances and Transactions (Details) - Schedule of name of related parties and relationship [Line Items]
Relationship with the Company	Where Mr. He Xiaowu acted as director

Related Party Balances and Tr_5

Related Party Balances and Transactions (Details) - Schedule of significant related party transactions ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Beijing WanPu Century Technology Co Ltd [Member]
Related Party Transaction [Line Items]
Market promotion expenses			¥ 16	¥ 16
Sixiang Times (Beijing) Technology Co., Ltd. [Member]
Related Party Transaction [Line Items]
Rental and service fees	¥ 2,106	$ 323	¥ 986	¥ 8,399

Related Party Balances and Tr_6

Related Party Balances and Transactions (Details) - Schedule of amount due from or due to related parties ¥ in Thousands, $ in Thousands		Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Loan receivables - related parties
Loan receivables - related parties				¥ 500
Amount due from related parties
Amount due from related parties		7	1	7
Loan payables - related parties				5,525
Amount due to related parties
Amount due to related parties				8,482
Beijing Junwei Technology Co., Ltd. [Member]
Loan receivables - related parties
Loan receivables - related parties	[1]			500
Lavacano Holdings Limited [Member
Amount due from related parties
Amount due from related parties		7	1	7
ENMOLI INC [Member]
Amount due from related parties
Loan payables - related parties	[2]			5,525
Sixiang Times (Beijing) Technology Co., Ltd. [Member]
Amount due to related parties
Amount due to related parties	[3]			986
Beijing WanPu Century Technology Co., Ltd. [Member]
Amount due to related parties
Amount due to related parties				¥ 7,496
[1]	In October 2019, SG entered into an interest-free loan agreement with Beijing Junwei Technology Co., Ltd. at principal of RMB500. The loan was fully repaid on March 24, 2020.
[2]	In January 2019, Scienjoy HK entered into an interest-free loan agreement with Enmoli Inc. at principal of $788. The loan matures on December 31, 2020. In January 2020, Scienjoy HK entered into an interest-free loan agreement with Enmoli Inc. at principal of $600. In April 2020, Scienjoy HK entered into an interest-free loan agreement with Enmoli Inc. at principal of $250. The loan was fully repaid on May 18, 2020.
[3]	The balance as of December 31, 2019 represented unpaid service fee.

Shareholders' Equity (Details)

Shareholders' Equity (Details)	May 07, 2020shares	Feb. 08, 2019CNY (¥)shares	Feb. 08, 2019USD ($)shares	Dec. 31, 2020CNY (¥)shares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019CNY (¥)shares	Dec. 31, 2018CNY (¥)	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)	Jul. 31, 2018CNY (¥)
Shareholders' Equity (Details) [Line Items]
Ordinary stock, shares issued				27,037,302				27,037,302
Convertible promissory note				¥ 4,038,000				$ 619,000
Converted ordinary shares				63,250	63,250
Conversion price (in Dollars per share) | $ / shares					$ 5
SPAC Transaction, description				Prior to the closing of the SPAC Transaction, the Company issued 533,000 ordinary shares to the financial advisors and underwriter with fair value of RMB18,713 (US$ 2,868) based on share price of U$5.0 per ordinary share at the time of the transaction.	Prior to the closing of the SPAC Transaction, the Company issued 533,000 ordinary shares to the financial advisors and underwriter with fair value of RMB18,713 (US$ 2,868) based on share price of U$5.0 per ordinary share at the time of the transaction.
Original shareholders, percentage				70.00%	70.00%
Total cash equivalent (in Yuan Renminbi) | ¥				¥ 175,000,000
Per share price (in Dollars per share) | $ / shares								$ 2.98
Average closing price term				15 days	15 days
Fair value amount				¥ 175,000,000				$ 26,800,000
Ordinary stock, shares outstanding				27,037,302		19,400,000		27,037,302	19,400,000
Warrants exercisable, shares				3,010,000				3,010,000
Weighted average life				3 years 36 days	3 years 36 days
Unit purchase option, description				the Company sold to Chardan, for $100, an option to purchase up to 375,000 Units exercisable at $11.50 per Unit (or an aggregate exercise price of $4,312,500) exercisable on the completion of the SPAC Transaction on May 7, 2020. On February 20, 2019, in connection with the underwriters’ election to exercise the over-allotment option in full, the Company issued Chardan an option to purchase up to an additional 56,250 Units exercisable at $11.50 per Unit for no additional consideration. Each Unit consists of one ordinary share, one redeemable warrant and one right (together “UPO”). The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expires February 5, 2024. As of December 31, 2020, the Group had UPO units exercisable for 690,000 ordinary shares with weighted average life of 3.1 years and expiring on February 5, 2024.	the Company sold to Chardan, for $100, an option to purchase up to 375,000 Units exercisable at $11.50 per Unit (or an aggregate exercise price of $4,312,500) exercisable on the completion of the SPAC Transaction on May 7, 2020. On February 20, 2019, in connection with the underwriters’ election to exercise the over-allotment option in full, the Company issued Chardan an option to purchase up to an additional 56,250 Units exercisable at $11.50 per Unit for no additional consideration. Each Unit consists of one ordinary share, one redeemable warrant and one right (together “UPO”). The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expires February 5, 2024. As of December 31, 2020, the Group had UPO units exercisable for 690,000 ordinary shares with weighted average life of 3.1 years and expiring on February 5, 2024.
Receipt of cash payament (in Dollars) | $					$ 100
Unit purchase option (in Dollars) | $					$ 1,286,000
Expected volatility, percentage				35.00%	35.00%
Rsk-free interest rate, percentage				2.44%	2.44%
Expected life				5 years	5 years
Dividend declared						¥ 104,590	¥ 228,500		$ 15,023	$ 33,200	¥ 333,090
Capital distribution (in Yuan Renminbi) | ¥						32,328	10,000
Proceeds from Partnership Contribution (in Yuan Renminbi) | ¥							¥ 8,399
Earn-out liability, description				As a result, there was 3,540,960 earn-out shares required to be issued and the Company classified the related portion of earn-out liability in aggregated of RMB200,100 as shares to be issued in the equity of the Company.	As a result, there was 3,540,960 earn-out shares required to be issued and the Company classified the related portion of earn-out liability in aggregated of RMB200,100 as shares to be issued in the equity of the Company.
BeeLive [Member]
Shareholders' Equity (Details) [Line Items]
Ordinary stock, shares issued				3,786,719				3,786,719
Total cash equivalent (in Yuan Renminbi) | ¥				¥ 250,000,000
Per share price (in Dollars per share) | $ / shares								$ 6.68
Initial Public Offering [Member]
Shareholders' Equity (Details) [Line Items]
Ordinary stock, shares issued		402,983	402,983
Converted ordinary shares				602,000	602,000
Deferred underwriting commission		¥ 14,131,000	$ 2,166,000
Public warrants, shares				5,750,000	5,750,000
Private Placement [Member]
Shareholders' Equity (Details) [Line Items]
Private warrants, shares				270,000	270,000
Warrants [Member]
Shareholders' Equity (Details) [Line Items]
Ordinary per share price (in Dollars per share) | $ / shares					$ 16.50
Warrants [Member]
Shareholders' Equity (Details) [Line Items]
Warrants outstanding and exercisable (in Dollars) | $								$ 6,020,000
Warrants, description				The Public Warrants became exercisable upon the completion of the SPAC Transaction on May 7, 2020 with exercise price of US$11.5 per full share. The Public Warrants will expire five years from February 5, 2019 (or February 5, 2024).	The Public Warrants became exercisable upon the completion of the SPAC Transaction on May 7, 2020 with exercise price of US$11.5 per full share. The Public Warrants will expire five years from February 5, 2019 (or February 5, 2024).
Warrants per share price (in Dollars per share) | $ / shares								$ 0.01
Exercise price (in Dollars per share) | $ / shares								$ 11.5
Common Stock [Member]
Shareholders' Equity (Details) [Line Items]
Ordinary stock, shares issued				19,400,000		2,461,983		19,400,000	2,461,983
Ordinary stock, shares outstanding	2,249,350					2,461,983			2,461,983
Redemption of ordinary shares	212,633
Earn-out consideration shares				3,000,000				3,000,000

Shareholders' Equity (Details)

Shareholders' Equity (Details) - Schedule of warrants activity	12 Months Ended
	Dec. 31, 2020shares
Schedule of warrants activity [Abstract]
Public warrants assumed from Wealthbridge’s initial Public Offering on February 5,2019	5,750,000
Private warrants assumed from Wealthbridge’s private placement on February 5,2019	270,000
Balance of warrants outstanding as of December 31, 2020	6,020,000
Balance of warrants outstanding as of December 31, 2020	3 years 36 days
Balance of warrants outstanding as of December 31, 2020	Feb. 4, 2024
Balance of warrants exercisable as of December 31, 2020	6,020,000
Balance of warrants exercisable as of December 31, 2020	3 years 36 days
Balance of warrants exercisable as of December 31, 2020	Feb. 4, 2024

Statutory Reserves And Restri_2

Statutory Reserves And Restricted Net Assets (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Disclosure Text Block Supplement [Abstract]
Percentage of after tax profit, transferred annually by PRC subsidiaries to general reserve fund	10.00%	10.00%
Annual after-tax profit to the general reserve, percentage	50.00%	50.00%
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	¥ 18,352	$ 2,813	¥ 12,059
Restricted net assets	¥ 196,090	$ 30,052	¥ 21,723

Commitments and Contingencies_2

Commitments and Contingencies (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Commitments and Contingencies Disclosure [Abstract]
Rental expense under operating leases	¥ 5,221	$ 800	¥ 1,855	¥ 2,123

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of future minimum lease payments under non-cancelable operating - Dec. 31, 2020 ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Schedule of future minimum lease payments under non-cancelable operating [Abstract]
2021	¥ 4,927	$ 755
2022	4,597	705
2023	4,386	672
2024	4,374	670
2025	365	56
Total	¥ 18,649	$ 2,858

Condensed Financial Informati_3

Condensed Financial Information of The Parent Company (Details) - Schedule of balance sheets - Parent Company [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Current assets
Cash and cash equivalents	¥ 183		¥ 35	$ 28	$ 5
Prepaid expenses and other current assets	392			60
Amounts due from subsidiaries	236,403			36,231
Total current assets	236,978		35	36,319
Non-current assets
Investments in subsidiaries and consolidated VIE	359,394		174,525	55,081
TOTAL ASSETS	596,372		174,560	91,400
Current liabilities
Amounts due to subsidiaries			34
Warrant liabilities	29,558	$ 4,530
Current portion of contingent consideration – earn-out liability	92,183			14,128
Total current liabilities	121,741		34	18,658
Non-current liabilities
Contingent consideration – earn-out liability	15,116			2,317
Total liabilities	136,857		34	20,975
Shareholders’ equity
Ordinary share, no par value, unlimited shares authorized, 19,400,000 and 27,037,302 shares issued and outstanding as of December 31, 2019 and 2020, respectively	(96,349)		9,664	(14,766)
Shares to be issued	200,100			30,667
Statutory reserves	18,352		12,059	2,813
Retained earnings	322,610		152,803	49,442
Accumulated other comprehensive income	14,802			2,269
Total shareholder’s equity	459,515		174,526	70,425
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	¥ 596,372		¥ 174,560	$ 91,400

Condensed Financial Informati_4

Condensed Financial Information of The Parent Company (Details) - Schedule of statements of comprehensive loss - Parent Company [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Condensed Statement of Income Captions [Line Items]
Equity income of subsidiaries	¥ 184,869	$ 28,333	¥ 149,918	¥ 106,740
General administrative expense and others	1,395	214
Change in fair value of warrant liabilities	3,904	597
Change in fair value of contingent consideration	(14,068)	(2,156)
Net income	176,100	26,988	149,918	106,740
Other comprehensive income - foreign currency translation adjustment	14,802	2,269
Comprehensive income attributable to the Company’s shareholders	¥ 190,902	$ 29,257	¥ 149,918	¥ 106,740

Condensed Financial Informati_5

Condensed Financial Information of The Parent Company (Details) - Schedule of statements of cash flows - Parent Company [Member] ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Cash flows from operating activities
Net income	¥ 176,100	$ 26,988	¥ 149,918	¥ 106,740
Equity in earning of subsidiaries	(184,869)	(28,332)	(149,918)	(106,740)
Change in fair value of warrant liabilities	(3,904)	(598)
Change in fair value of contingent consideration	14,068	2,156
Changes in operating assets and liabilities
Prepaid expense and other current assets	(392)	(60)
Net cash provided by operating activities	1,003	154
Cash flows from investing activities
Proceeds from subsidiaries			136,953	238,500
Net cash provided by investing activities			136,953	238,500
Cash flows from financing activities
Dividends distribution to shareholders			(104,590)	(228,500)
Capital distribution due to reorganization			(32,328)	(10,000)
Due to related parties	(26,590)	(4,075)
Net cash acquired in the reverse recapitalization	32,659	5,005
Payment of listing costs	(6,924)	(1,061)
Net cash used in financing activities	(855)	(131)	(136,918)	¥ (238,500)
Net increase in cash and cash equivalents	148	23	35
Cash and cash equivalents at beginning of the year	35	5
Cash and cash equivalents at end of the year	¥ 183	$ 28	¥ 35

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Events [Member] $ / shares in Units, ¥ in Millions, $ in Millions	Feb. 08, 2021	Jan. 11, 2021USD ($)$ / sharesshares	Jan. 05, 2021CNY (¥)	Feb. 23, 2021	Jan. 05, 2021USD ($)
Share Purchase Agreement [Member]
Subsequent Events (Details) [Line Items]
Number of related directors		2
Purchased ordinary shares | shares		606,061
Aggregate consideration amount		$ 2
Price per share | $ / shares		$ 3.3
Description of agreement		Goldenbridge was formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities (“De-SPAC”) and is currently conducting an initial public offering of its securities (“Offering”). The Company’s share purchase is for investment purposes only and will not participate in any activities conducted by Cross Wealth in its capacity as the sponsor, promotor or similar role in connection with the Offering or the De-SPAC. If the Goldenbridge fails to consummate the Offering prior to June 30, 2021 or other date as mutually agreed by the Seller and the Company, the Company shall have the rights (the IPO Failure Put Rights”) in its discretion, but not the obligation, to cause the Seller to repurchase back all or a portion of the Shares at the Share Price at any time. If Goldenbridge fails to consummate a De-SPAC within 21 months after the consummation of the Offering, the Buyer shall have the rights (the “De-SPAC Failure Put Rights”) in its discretion, but not the obligation, to cause the Seller to repurchase back all or a portion of the Shares at the Share Price at any time. In addition, at any time before the eighteenth month anniversary of the completion of De-SPAC, if the Company plans to resell or otherwise transfer any portion or all of the shares at a price less than the Share Price, the Seller shall have the right in its discretion, but not the obligation, to repurchase back all or a portion of the Shares at the Share Price (“Right of First Refusal”). In the event that Seller opts not to exercise its Right of First Refusal, then the Seller shall pay the Company an amount (the “Make-whole Payment”) equal to (i) the price shortfall multiplied by (ii) the number of the Shares being resold or transferred; provided that in case of a privately negotiated sale, such transfer or resale shall be negotiated in good faith and at arm’s-length by parties of equal bargaining strength
Common Stock Purchase Agreement [Member]
Subsequent Events (Details) [Line Items]
Description of agreement				the Company entered into a Common Stock Purchase Agreement with White Lion Capital LLC (the “Investor”), which provides that, upon the terms and subject to the conditions and limitations set forth therein, White Lion Capital is committed to purchase the Company’s ordinary shares, no par value, with an aggregate offering price of up to $30,000,000 from time to time during the Commitment Period, which starts on the date of the filing of the initial registration statement covering the resale of securities issued under the Purchase Agreement, and shall terminate on the earlier of (i) the date on which White Lion Capital shall have purchased shares equal to the Commitment Amount, (ii) the six month anniversary of the filing of such initial registration statement, or (iii) the date on which the Purchase Agreement is terminated.
Share Exchange Agreement [Member]
Subsequent Events (Details) [Line Items]
Description of agreement				the Share Exchange Agreement, Lavacano and WBY Entertainment Holdings Ltd. (“WBY”) may be entitled to receive additional earnout shares as follows: (1) if the Company’s net income before tax for the year ended December 31, 2020 is greater than or equal to either US$28,300,000 or RMB 190,000,000, Lavacano and WBY will be entitled to receive 3,000,000 ordinary shares of the Company; and (2) if the Company’s net income before tax for the year ended December 31, 2021 is greater than or equal to either US$35,000,000 or RMB 235,000,000, Lavacano and WBY will be entitled to receive 3,000,000 ordinary shares. As of the date of this report, the Company’s net income has achieved more than RMB 190,000,000, therefore the Company has issued 2,400,000 ordinary shares to Lavacano and 600,000 ordinary shares to WBY on March 25, 2021
BeeLive Acquisition Agreement [Member]
Subsequent Events (Details) [Line Items]
Description of agreement				(i) if the BeeLive Companies’ total annual revenue is no less than RMB 336.6 million in Year 2020, Cosmic Soar Limited will be entitled to received additional 540,960 Ordinary Shares; (ii) if the BeeLive Companies’ total annual revenue is no less than RMB 460.6 million in Year 2021, Cosmic Soar Limited will be entitled to received additional 540,960 ordinary shares; and (iii) if the BeeLive Companies’ total annual revenue is no less than RMB 580.9 million in Year 2022, Cosmic Soar Limited will be entitled to received additional 540,960 ordinary shares. If the total annual revenue of BeeLive Companies’ in a particular performance year does not reach the target revenue as specified above, but is equal to or more than 80% of the target revenue, Cosmic Solar Limited will be entitled to a reduced number of the earnout shares. As of the date of this report, BeeLive Companies’ total annual revenue has achieved more than RMB 336.6 million for Year 2020, therefore the Company has issued 540,960 ordinary shares to Cosmic Soar Limited on March 25, 2021.
Enmoli Inc [Member]
Subsequent Events (Details) [Line Items]
Borrowing amount					$ 2
Term in years			1 year
Annual interest rate			4.00%
Dingsheng Taifu (Tianjin) [Member]
Subsequent Events (Details) [Line Items]
Borrowing amount			¥ 13		$ 2
Term in years			1 year
Annual interest rate			4.00%
Board of directors [Member] | 2021 Equity incentive plan [Member]
Subsequent Events (Details) [Line Items]
Description of 2021 plan	the board of directors (the “Board”) of the Company approved the 2021 Equity incentive plan (“2021 Plan”), which authorized the compensation committee or a committee designated and established by the Board to grant equity incentive awards, such as options, restricted shares, and restricted share units to directors, employees and consultants of the Company for a number of ordinary shares not exceeding 3,000,000, subject to adjustments as may be required in accordance with the terms of the Plan. The vested portion of equity awards will expire if not exercised prior to the time as the Plan Administrator determines at the time of its grant. The maximum exercisable term is ten years from the date of a grant. As of the date of this report, no equity award has been granted under 2021 Plan.