An unknown buyer acquired Puyi Asset Management (Beijing) Co., Ltd. and Shenzhen Puyi Panshi Asset Management Co., Ltd. from Puyi Inc. for CNY 57.7 million in December 2016. Puyi Asset Management (Beijing) and Shenzhen Puyi Panshi Asset Management reported a net asset of CNY 66.3 million as of November 30, 2018. An unknown buyer completed the acquisition of Puyi Asset Management (Beijing) Co., Ltd. and Shenzhen Puyi Panshi Asset Management Co., Ltd. from Puyi Inc. in December 2016.