Document and Entity Information |
12 Months Ended |
|---|---|
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Dec. 31, 2017
shares
| |
| Document Information | |
| Document Type | 20-F |
| Amendment Flag | false |
| Document Period End Date | Dec. 31, 2017 |
| Document Fiscal Year Focus | 2017 |
| Document Fiscal Period Focus | FY |
| Entity Registrant Name | Phoenix New Media Ltd |
| Entity Central Index Key | 0001509646 |
| Current Fiscal Year End Date | --12-31 |
| Entity Filer Category | Accelerated Filer |
| Entity Current Reporting Status | Yes |
| Entity Well-known Seasoned Issuer | No |
| Entity Voluntary Filers | No |
| Class A ordinary shares | |
| Document Information | |
| Entity Common Stock, Shares Outstanding | 260,001,486 |
| Class B ordinary shares | |
| Document Information | |
| Entity Common Stock, Shares Outstanding | 317,325,360 |
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- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Details
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- Details
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- Definition Short-term loans advanced due from a related party of which the Group may at its option convert all or a portion into preferred shares. No definition available.
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- Definition Represents appropriations to certain non-distributable statutory reserves in accordance with laws applicable to the reporting entity, its subsidiaries and consolidated VIEs. The reporting entity and its subsidiaries have to make appropriations from its after-tax profit. No definition available.
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- Definition Term deposits represent time deposits placed with banks with original maturities of more than three months and up to one year. Short-term investments represent interest-bearing deposit placed with financial institutions which are restricted as to withdrawal and use. The investments are issued by commercial bank in China with a variable interest rate indexed to performance of underlying assets. All investments are expected to be realized in cash during the next 12 months. No definition available.
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Equity securities categorized neither as held-to-maturity nor trading which are intended be sold more than one year from the balance sheet date or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The current portion of prepayments received from customers for goods or services to be provided in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, with jurisdictional netting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Gross amount of noncurrent deferred tax liabilities, which result from applying the applicable tax rate to taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount recognized for uncertainty in income taxes classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of borrowings from a bank classified as other, maturing within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Consolidated Balance Sheets (Parenthetical) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
$ / shares
shares
|
Dec. 31, 2017
CNY (¥)
shares
|
Dec. 31, 2016
CNY (¥)
shares
|
|---|---|---|---|
| Current liabilities of consolidated VIEs, excluding intercompany amounts, without recourse to the Company | $ 50,146 | ¥ 326,272 | ¥ 437,969 |
| Non-current liabilities of consolidated VIEs, excluding intercompany amounts, without recourse to the Company | $ 3,224 | ¥ 20,979 | ¥ 20,979 |
| Class A ordinary shares | |||
| Ordinary shares, par value | $ / shares | $ 0.01 | ||
| Ordinary shares, authorized | 680,000,000 | 680,000,000 | 680,000,000 |
| Ordinary shares, issued | 260,001,486 | 260,001,486 | 254,909,790 |
| Ordinary shares, outstanding | 260,001,486 | 260,001,486 | 254,909,790 |
| Class B ordinary shares | |||
| Ordinary shares, par value | $ / shares | $ 0.01 | ||
| Ordinary shares, authorized | 320,000,000 | 320,000,000 | 320,000,000 |
| Ordinary shares, issued | 317,325,360 | 317,325,360 | 317,325,360 |
| Ordinary shares, outstanding | 317,325,360 | 317,325,360 | 317,325,360 |
| X | ||||||||||
- Definition Current liabilities of consolidated VIEs, excluding intercompany amounts, without recourse to the Company. No definition available.
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- Definition Non-current liabilities of consolidated VIEs, excluding intercompany amounts, without recourse to the Company. No definition available.
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- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Comprehensive Income ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
$ / shares
shares
|
Dec. 31, 2017
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2016
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2015
CNY (¥)
¥ / shares
shares
|
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| Revenues: | |||||||
| Net advertising revenues | [1] | $ 208,026 | ¥ 1,353,480 | ¥ 1,232,210 | ¥ 1,226,516 | ||
| Paid services revenues | [1] | 34,061 | 221,612 | 212,697 | 382,680 | ||
| Total revenues | [1] | 242,087 | 1,575,092 | 1,444,907 | 1,609,196 | ||
| Cost of revenues | [1] | (111,768) | (727,197) | (726,807) | (829,386) | ||
| Gross profit | 130,319 | 847,895 | 718,100 | 779,810 | |||
| Operating expenses: | |||||||
| Sales and marketing expenses | [1] | (75,875) | (493,664) | (339,171) | (346,133) | ||
| General and administrative expenses | [1] | (22,582) | (146,923) | (181,677) | (183,989) | ||
| Technology and product development expenses | [1] | (29,560) | (192,325) | (161,880) | (170,714) | ||
| Total operating expenses | [1] | (128,017) | (832,912) | (682,728) | (700,836) | ||
| Income from operations | 2,302 | 14,983 | 35,372 | 78,974 | |||
| Other income: | |||||||
| Interest income | 8,344 | 54,286 | 35,113 | 30,234 | |||
| Interest expense | (3,415) | (22,221) | (7,061) | (2,328) | |||
| Foreign currency exchange (loss)/gain | (3,621) | (23,560) | 9,608 | (1,054) | |||
| (Loss)/ income from equity investments, including impairments | 968 | 6,296 | (1,776) | (41,861) | |||
| Gain on disposal of an equity investment and acquisition of available-for-sale investments | ¥ | 4,643 | ||||||
| Others, net | 2,985 | 19,423 | 21,053 | 29,294 | |||
| Income before tax | 7,563 | 49,207 | 92,309 | 97,902 | |||
| Income tax expense | (2,272) | (14,783) | (14,089) | (25,517) | |||
| Net income | 5,291 | 34,424 | 78,220 | 72,385 | |||
| Net loss attributable to noncontrolling interests | 468 | 3,048 | 2,391 | 1,199 | |||
| Net income attributable to Phoenix New Media Limited | 5,759 | 37,472 | 80,611 | 73,584 | |||
| Net income | 5,291 | 34,424 | 78,220 | 72,385 | |||
| Other comprehensive income (net of nil tax for all years ): fair value remeasurement for available-for-sale investments | 49,419 | 321,538 | 247,336 | 15,869 | |||
| Other comprehensive income/(loss) (net of nil tax for all years): foreign currency translation adjustment | (7,630) | (49,640) | 27,669 | 22,813 | |||
| Comprehensive income | 47,080 | 306,322 | 353,225 | 111,067 | |||
| Comprehensive loss attributable to noncontrolling interests | 468 | 3,048 | 2,391 | 1,199 | |||
| Comprehensive income attributable to Phoenix New Media Limited | 47,548 | 309,370 | 355,616 | 112,266 | |||
| Net income attributable to Phoenix New Media Limited | 5,759 | 37,472 | 80,611 | 73,584 | |||
| Ordinary Shares | |||||||
| Other income: | |||||||
| Net income attributable to Phoenix New Media Limited | 5,759 | 37,472 | 80,611 | 73,584 | |||
| Net income attributable to Phoenix New Media Limited | $ 5,759 | ¥ 37,472 | ¥ 80,611 | ¥ 73,584 | |||
| Net income per share: | |||||||
| Basic | (per share) | $ 0.01 | ¥ 0.07 | ¥ 0.14 | ¥ 0.13 | |||
| Diluted | (per share) | $ 0.01 | ¥ 0.06 | ¥ 0.14 | ¥ 0.13 | |||
| Weighted average number of Class A and Class B ordinary shares used in computing net income per share: | |||||||
| Basic | 574,786,887 | 574,786,887 | 573,521,536 | 571,247,723 | |||
| Diluted | 590,433,907 | 590,433,907 | 577,037,906 | 580,785,256 | |||
| ADS | |||||||
| Net income per share: | |||||||
| Basic | (per share) | $ 0.08 | ¥ 0.52 | ¥ 1.12 | ¥ 1.03 | |||
| Diluted | (per share) | $ 0.08 | ¥ 0.51 | ¥ 1.12 | ¥ 1.01 | |||
| Weighted average number of Class A and Class B ordinary shares used in computing net income per share: | |||||||
| Basic | 71,848,361 | 71,848,361 | 71,690,192 | 71,405,965 | |||
| Diluted | 73,804,238 | 73,804,238 | 72,129,738 | 72,598,157 | |||
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| X | ||||||||||
- Definition This item represents the income (loss) of equity investments and impairment of equity investments. No definition available.
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| X | ||||||||||
- Definition The amount of nonoperating interest income which derives from bank deposits and loans to one related party. No definition available.
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- Definition Paid services revenues comprise of (i) revenues from digital entertainment, which includes MVAS and digital reading, and (ii) revenues from games and others, includes web-based games, mobile games, content sales, and other online and mobile paid services through the Group's own platforms. No definition available.
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| X | ||||||||||
- Definition Revenue from the sale of advertising time (such as television and radio) or space (newspaper or magazine pages). May also include advertising, marketing and promotional services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of an equity method investment. No definition available.
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- Definition Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Consolidated Statements of Comprehensive Income (Parenthetical) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
shares
|
Dec. 31, 2017
CNY (¥)
shares
|
Dec. 31, 2016
CNY (¥)
shares
|
Dec. 31, 2015
CNY (¥)
shares
|
|
| Other comprehensive income, fair value remeasurement for available-for-sale investments, tax | ¥ 0 | ¥ 0 | ¥ 0 | |
| Other comprehensive income, foreign currency translation adjustment, tax | 0 | 0 | 0 | |
| Transactions with related parties included in revenues, cost of revenues and operating expenses are as follows (Note 23): | ||||
| Net advertising revenues | $ 10,358 | 67,393 | 98,413 | 71,048 |
| Paid services revenues | 21,387 | 139,149 | 122,844 | 276,712 |
| Cost of revenues | (8,770) | (57,057) | (29,057) | (49,363) |
| Sales and marketing expenses | (115) | (748) | (1,277) | (1,788) |
| General and administrative expenses | $ (960) | ¥ (6,245) | ¥ (260) | ¥ (1,812) |
| Class A ordinary shares | ||||
| Number of ordinary shares that each ADS represents | shares | 8 | 8 | 8 | 8 |
| X | ||||||||||
- Definition Cost of revenues incurred for or charged by related parties No definition available.
|
| X | ||||||||||
- Definition General and Administrative Expense Incurred for or Charged by Related Parties No definition available.
|
| X | ||||||||||
- Definition Net Advertising Revenues Earned from Related Parties No definition available.
|
| X | ||||||||||
- Definition The number of ordinary shares represented by each ADS. No definition available.
|
| X | ||||||||||
- Definition Paid Services Revenue Earned from and through Related Parties No definition available.
|
| X | ||||||||||
- Definition Transactions with related parties included in revenues, cost of revenues and operating expenses[Abstract] No definition available.
|
| X | ||||||||||
- Definition Selling and marketing expense incurred for or charged by related parties No definition available.
|
| X | ||||||||||
- Definition Amount of tax expense (benefit), after reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of tax expense (benefit), after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
Consolidated Statements of Shareholders' Equity ¥ in Thousands |
Ordinary Shares
Class A ordinary shares
USD ($)
shares
|
Ordinary Shares
Class A ordinary shares
CNY (¥)
shares
|
Ordinary Shares
Class B ordinary shares
USD ($)
shares
|
Ordinary Shares
Class B ordinary shares
CNY (¥)
shares
|
Treasury stock
USD ($)
shares
|
Treasury stock
CNY (¥)
shares
|
Additional paid-in capital
USD ($)
|
Additional paid-in capital
CNY (¥)
|
Statutory reserves
USD ($)
|
Statutory reserves
CNY (¥)
|
Retained earnings
USD ($)
|
Retained earnings
CNY (¥)
|
Accumulated other comprehensive (loss)/income
USD ($)
|
Accumulated other comprehensive (loss)/income
CNY (¥)
|
Noncontrolling interests
USD ($)
|
Noncontrolling interests
CNY (¥)
|
USD ($) |
CNY (¥) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at Dec. 31, 2014 | ¥ 17,278 | ¥ 22,053 | $ (2,039,656) | ¥ (13,379) | ¥ 1,587,227 | ¥ 65,968 | ¥ 52,852 | ¥ (15,341) | ¥ 1,716,658 | |||||||||
| Balance (in shares) at Dec. 31, 2014 | shares | 262,244,298 | 262,244,298 | 317,325,360 | 317,325,360 | ||||||||||||||
| Share-based compensation | 34,354 | 34,354 | ||||||||||||||||
| Issuance of ordinary shares upon settlement of share-based awards | ¥ 240 | 8,534 | 8,774 | |||||||||||||||
| Issuance of ordinary shares upon settlement of share-based awards (in shares) | shares | 3,822,780 | 3,822,780 | ||||||||||||||||
| Repurchase of ordinary shares | ¥ (65,910) | (65,910) | ||||||||||||||||
| Repurchase of ordinary shares (in shares) | shares | (10,776,568) | (10,776,568) | ||||||||||||||||
| Cancellation of repurchased ordinary shares | ¥ (785) | ¥ 79,289 | (79,011) | (507) | ||||||||||||||
| Cancellation of repurchased ordinary shares (in shares) | shares | (12,816,224) | (12,816,224) | 12,816,224 | 12,816,224 | ||||||||||||||
| Appropriation to statutory reserves | 4,343 | (4,343) | ||||||||||||||||
| Fair value changes of available-for-sale investments | 15,869 | 15,869 | ||||||||||||||||
| Foreign currency translation adjustment | 22,813 | 22,813 | ||||||||||||||||
| Capital contribution received from noncontrolling shareholders | ¥ 250 | 250 | ||||||||||||||||
| Net income | 73,584 | (1,199) | 72,385 | |||||||||||||||
| Balance at Dec. 31, 2015 | ¥ 16,733 | ¥ 22,053 | 1,551,104 | 70,311 | 122,093 | 23,341 | (949) | 1,804,686 | ||||||||||
| Balance (in shares) at Dec. 31, 2015 | shares | 253,250,854 | 253,250,854 | 317,325,360 | 317,325,360 | ||||||||||||||
| Share-based compensation | 1,890 | 1,890 | ||||||||||||||||
| Issuance of ordinary shares upon settlement of share-based awards | ¥ 110 | 2,517 | 2,627 | |||||||||||||||
| Issuance of ordinary shares upon settlement of share-based awards (in shares) | shares | 1,658,936 | 1,658,936 | ||||||||||||||||
| Appropriation to statutory reserves | 7,635 | (7,635) | ||||||||||||||||
| Fair value changes of available-for-sale investments | 247,336 | 247,336 | ||||||||||||||||
| Foreign currency translation adjustment | 27,669 | 27,669 | ||||||||||||||||
| Net income | 80,611 | (2,391) | 78,220 | |||||||||||||||
| Balance at Dec. 31, 2016 | ¥ 16,843 | ¥ 22,053 | 1,555,511 | 77,946 | 195,069 | 298,346 | (3,340) | 2,162,428 | ||||||||||
| Balance (in shares) at Dec. 31, 2016 | shares | 254,909,790 | 254,909,790 | 317,325,360 | 317,325,360 | ||||||||||||||
| Share-based compensation | 20,852 | 20,852 | ||||||||||||||||
| Issuance of ordinary shares upon settlement of share-based awards | ¥ 337 | 11,212 | 11,549 | |||||||||||||||
| Issuance of ordinary shares upon settlement of share-based awards (in shares) | shares | 5,091,696 | 5,091,696 | ||||||||||||||||
| Appropriation to statutory reserves | 3,291 | (3,291) | ||||||||||||||||
| Fair value changes of available-for-sale investments | 321,538 | $ 49,419,000 | 321,538 | |||||||||||||||
| Foreign currency translation adjustment | (49,640) | (7,630,000) | (49,640) | |||||||||||||||
| Net income | 37,472 | (3,048) | 5,291,000 | 34,424 | ||||||||||||||
| Balance at Dec. 31, 2017 | $ 2,641,000 | ¥ 17,180 | $ 3,389,000 | ¥ 22,053 | $ 244,006,000 | ¥ 1,587,575 | $ 12,486,000 | ¥ 81,237 | $ 35,235,000 | ¥ 229,250 | $ 87,645,000 | ¥ 570,244 | $ (982,000) | ¥ (6,388) | $ 384,420,000 | ¥ 2,501,151 | ||
| Balance (in shares) at Dec. 31, 2017 | shares | 260,001,486 | 260,001,486 | 317,325,360 | 317,325,360 |
| X | ||||||||||
- Definition Amount of increase in noncontrolling interest from capital contribution received from noncontrolling interest holders. No definition available.
|
| X | ||||||||||
- Definition Equity impact of appropriation to statutory reserve. No definition available.
|
| X | ||||||||||
- Definition Amount of increase to additional paid-in capital (APIC) from recognition of equity-based compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares issued which are neither cancelled nor held in the treasury. No definition available.
|
| X | ||||||||||
- Definition Number of shares of capital stock issued (purchased by employees) in connection with an employee stock ownership plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Aggregate value of stock issued during the period as a result of employee stock ownership plan (ESOP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of decrease of par value, additional paid in capital (APIC) and retained earnings of common and preferred stock retired from treasury when treasury stock is accounted for under the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares of common and preferred stock retired from treasury during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
||||
| Cash flows from operating activities: | |||||||
| Net income | $ 5,291 | ¥ 34,424 | ¥ 78,220 | ¥ 72,385 | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
| Share-based compensation | 3,204 | 20,852 | 1,890 | 34,354 | |||
| Provision for allowance for doubtful accounts, including related party amounts | 1,019 | 6,632 | 48,199 | 49,320 | |||
| Depreciation and amortization expense | 5,474 | 35,618 | 41,952 | 45,473 | |||
| Impairment of intangible assets | 87 | 3,822 | |||||
| Loss/(income) from equity investments, including impairments | (968) | (6,296) | 1,776 | 41,861 | |||
| Deferred income tax | (946) | (6,153) | (18,344) | (11,398) | |||
| Loss/(gain) on disposal of property and equipment | (197) | (1,279) | 55 | 749 | |||
| Loss on disposal of intangible assets | 18 | 118 | |||||
| Gain on disposal of an equity investment and acquisition of available-for-sale investments | (4,643) | ||||||
| Foreign currency exchange loss/(gain) | 3,621 | 23,560 | (9,608) | 1,054 | |||
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | (6,848) | (44,575) | 55,308 | (59,772) | |||
| Prepayments and other current assets | 847 | 5,508 | (18,531) | (18,254) | |||
| Amounts due from related parties | (3,533) | (22,988) | 7,878 | 41,368 | |||
| Other non-current assets | 538 | 3,503 | 1,699 | (4,404) | |||
| Accounts payable | 861 | 5,602 | (31,539) | 24,415 | |||
| Advances from customers | 5,744 | 37,371 | 12,586 | (2,348) | |||
| Salary and welfare payable | 637 | 4,142 | 16,301 | 8,955 | |||
| Taxes payable | 2,546 | 16,562 | (17,468) | 4,182 | |||
| Amounts due to related parties | (704) | (4,580) | (289) | (3,980) | |||
| Accrued expenses and other current liabilities | 9,524 | 61,968 | 30,159 | (3,828) | |||
| Long-term liabilities | 460 | 2,991 | 3,355 | 1,501 | |||
| Net cash provided by operating activities | 26,588 | 172,980 | 203,686 | 220,812 | |||
| Cash flows from investing activities: | |||||||
| Purchase of property and equipment and intangible assets | (4,273) | (27,800) | (29,282) | (43,457) | |||
| Placement of term deposits and short term investments | (423,425) | (2,754,930) | (3,199,923) | (3,288,344) | |||
| Maturity of term deposits and short term investments | 429,934 | 2,797,282 | 3,189,803 | 2,562,584 | |||
| Investments in available-for-sale investments | (352,008) | ||||||
| Investments in equity investments | (10,643) | ||||||
| Loans provided to a related party | (11,374) | (74,000) | (45,865) | ||||
| Issuance of convertible loans to a related party | (228,280) | ||||||
| Loans repaid by a related party | 8,155 | 53,058 | |||||
| Net cash used in investing activities* | [1] | (983) | (6,390) | (313,547) | (1,131,868) | ||
| Cash flows from financing activities: | |||||||
| Proceeds from exercise of stock options | 1,901 | 12,368 | 2,436 | 6,944 | |||
| Proceeds from short-term bank loans | 50,491 | 328,511 | 214,712 | 123,589 | |||
| Repayment of short-term bank loans | (54,887) | (357,113) | |||||
| Repurchase of ordinary shares | (66,417) | ||||||
| Capital contribution received from noncontrolling shareholders | 250 | ||||||
| Net cash provided by/(used in) financing activities | (2,495) | (16,234) | 217,148 | 64,366 | |||
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1,243) | (8,090) | 14,340 | (3,488) | |||
| Net (decrease)/increase in cash, cash equivalents and restricted cash | 21,867 | 142,266 | 121,627 | (850,178) | |||
| Cash, cash equivalents and restricted cash at the beginning of the year* | [1] | 85,654 | 557,296 | 435,669 | 1,285,847 | ||
| Cash, cash equivalents and restricted cash at the end of the year* | [1] | 107,521 | 699,562 | 557,296 | 435,669 | ||
| Supplemental disclosure of cash flow information: | |||||||
| Cash paid during the period for income taxes | 2,985 | 19,424 | 46,392 | 36,044 | |||
| Cash paid during the period for interest expenses | $ 3,498 | ¥ 22,762 | 4,976 | ¥ 713 | |||
| Supplemental disclosure of non-cash investing activities: | |||||||
| Investments in available-for-sale investments by conversion of convertible loans issued to a related party | ¥ 143,820 | ||||||
| |||||||
| X | ||||||||||
- Definition Amount of cash inflow from capital contribution received from noncontrolling shareholders. No definition available.
|
| X | ||||||||||
- Definition This item represents the income (loss) of equity investments and impairment of equity investments. No definition available.
|
| X | ||||||||||
- Definition Increase (decrease) in long-term liabilities, one of adjustments to reconcile net income to net cash (used in)/provided by operating activities No definition available.
|
| X | ||||||||||
- Definition Investments in available-for-sale securities by conversion of convertible loans purchased from a related party. No definition available.
|
| X | ||||||||||
- Definition Maturity of term deposits and short term investments, as cash flows from investing activities. No definition available.
|
| X | ||||||||||
- Definition The cash outflow associated with the acquisition of equity method investment and cost method investment. No definition available.
|
| X | ||||||||||
- Definition The cash outflow in the form of short-term loans advanced to a related party of which the Group may at its option convert all or a portion into preferred shares. No definition available.
|
| X | ||||||||||
- Definition Placement of term deposits and short term investments, as cash flows from investing activities. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) from effect of exchange rate changes on cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; held in foreign currencies. Excludes amounts for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of an equity method investment. No definition available.
|
| X | ||||||||||
- Definition Amount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Change in recurring obligations of a business that arise from the acquisition of merchandise, materials, supplies and services used in the production and sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in accrued expenses, and obligations classified as other. No definition available.
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period of all taxes owed but not paid, including income, property and other taxes. No definition available.
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amount of prepayments by customers for goods or services to be provided at a later date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate increase (decrease) during the reporting period in the amount due from the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of increase (decrease) in noncurrent assets classified as other. No definition available.
|
| X | ||||||||||
- Definition Amount of increase (decrease) in prepaid expenses, and assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash paid, after deduction of cash paid for capitalized interest, for interest. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow to acquire equity securities classified as available-for-sale securities, because they are not classified as trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for the purchase of loan receivable arising from the financing of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from bank borrowing during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from a long-term borrowing made from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Proceeds from Advances from Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash inflow from exercise of stock options granted under share-based compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow to settle a bank borrowing during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Consolidated Statements of Cash Flows (Parenthetical) - CNY (¥) ¥ in Millions |
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Dec. 31, 2015 |
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| ASU 2016-18 | ||
| Supplemental disclosure of items removed from investing activities: | ||
| Change in restricted cash | ¥ 229.6 | ¥ 125.0 |
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- References No definition available.
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- Definition Amount of cash outflow associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. No definition available.
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- Details
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Organization and Principal Activities |
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| Organization and Principal Activities |
1. Organization and Principal Activities
Phoenix New Media Limited (“PNM”, or the “Company”) was incorporated in the Cayman Islands on November 22, 2007 by Phoenix Satellite Television (B.V.I.) Holding Limited (the “Parent”), a subsidiary of Phoenix Satellite Television Holdings Ltd. (the “Phoenix TV”). Phoenix TV, its subsidiaries and variable interest entities (“VIEs”) are collectively referred to as the Phoenix TV Group. As of December 31, 2017, the Company had fourteen subsidiaries, four VIEs and eighteen subsidiaries of VIEs. The Company, its subsidiaries, VIEs and subsidiaries of the VIEs are hereinafter collectively referred to as the “Group”. The Group generates revenues from providing advertising services and paid services, which include digital entertainment and games and others. While the VIEs hold certain licenses and approvals to operate Internet-related businesses in the People’s Republic of China (“China” or the “PRC”), they are also in the process of applying for licenses for the operations of their businesses, including an Internet audio-visual program transmission license and an Internet news license.
The details of the subsidiaries, VIEs and the subsidiaries of the VIEs as of December 31, 2017 are set out below:
*In April, 2017, the name of “Beijing Fenghuang Interactive Entertainment Network Technology Co., Ltd.” was changed to “Beijing Fengyu Network Technology Co., Ltd.”.
In order to comply with Chinese laws and regulations that prohibit or restrict foreign ownership of companies that operate Internet content, advertising and game businesses, a series of agreements (the “Contractual Agreements”) were entered into among Fenghuang On-line, Tianying Jiuzhou, Yifeng Lianhe and their legal shareholders in 2009, and among Qieyiyou, Chenhuan, and their legal shareholders in 2015. Through the aforementioned activities, Tianying Jiuzhou, Yifeng Lianhe and Chenhuan, are considered as VIEs in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). Fenghuang On-line and Qieyiyou are entitled to substantially all the economic risks and rewards associated with the VIEs, and are the primary beneficiaries of the VIEs, respectively.
Voting Right Entrustment Agreements
Pursuant to the voting right entrustment agreements among the VIEs, their legal shareholders and Fenghuang On-line or Qieyiyou, each legal shareholder of the VIEs agreed to grant a person designated by Fenghuang On-line or Qieyiyou the right to exercise their rights as shareholders, including all voting rights, as well as rights to attend and propose the convening of shareholder meetings. Unless otherwise required by law, the voting right entrustment agreements will remain in effect indefinitely unless both parties agree to terminate the agreement in writing, or unless the Fenghuang On-line or Qieyiyou decide in their discretion to terminate the relevant agreements.
Exclusive Equity Option Agreements
Under the exclusive equity option agreements among the VIEs, their legal shareholders and Fenghuang On-line or Qieyiyou, legal shareholders of the VIEs irrevocably granted Fenghuang On-line or Qieyiyou or their designated person an irrevocable, unconditional and exclusive option to purchase, to the extent permitted by applicable PRC laws, all of the equity interest in the VIEs from the legal shareholders. The purchase price for the entire equity interest is to be calculated based on the paid-up amount of the relevant equity interest or the minimum price permitted by applicable PRC laws. The exclusive equity option agreement will remain in effect until all of the equity interest in the VIEs has been duly transferred to Fenghuang On-line or Qieyiyou or their designated representatives.
Loan Agreements
Pursuant to the loan agreements among Fenghuang On-line or Qieyiyou, and legal shareholders of their VIEs, Fenghuang On-line or Qieyiyou granted interest-free loans to the legal shareholders of the VIEs for an amount that is equal to their respective capital contribution in the VIEs. The loans can be repaid only with proceeds from the sale of all of the respective shareholder’s equity interest in the applicable VIE to Fenghuang On-line or Qieyiyou, or their designated representatives pursuant to the applicable exclusive equity option agreement. The term of each loan is ten years, and may be extended upon mutual agreement of the parties.
Equity Pledge Agreements
Under the equity pledge agreement among the VIEs, their legal shareholders and Fenghuang On-line or Qieyiyou, the legal shareholders of the VIEs have pledged their equity interests in the VIEs to Fenghuang On-line or Qieyiyou to secure the performance of the obligations of the VIEs and their legal shareholders under the applicable exclusive technical licensing and services agreement, voting right entrustment agreement, exclusive equity option agreement and loan agreement. The equity pledge agreements will remain in effect until the secured obligations have been fully performed by the VIEs or released by Fenghuang On-line or Qieyiyou.
Exclusive Technical Licensing and Service Agreements
Under the exclusive technical licensing and service agreements between Fenghuang On-line or Qieyiyou and each of the VIEs, Fenghuang On-line or Qieyiyou has the exclusive right to provide technical and consulting services to their respective VIEs. The VIEs have agreed to pay a service fee to Fenghuang On-line or Qieyiyou equal to a certain percentage of their respective annual revenues plus a special service fee for certain services rendered by Fenghuang On-line or Qieyiyou at the request of the VIEs. The technical service agreements also transfer all of the economic benefit of intellectual property created by the VIEs to Fenghuang On-line or Qieyiyou. Each exclusive technical services agreement will remain in effect indefinitely and can be terminated only by Fenghuang On-line or Qieyiyou unless otherwise required by law.
The Group has evaluated the relationship among the Company, Fenghuang On-line or Qieyiyou and the VIEs in accordance with U.S. GAAP. Pursuant to the voting right entrustment agreements, the Company has obtained power, as granted to the legal shareholders by the applicable PRC law and under the articles of association of the VIEs, to direct all significant activities of the VIEs, which include but are not limited to budgeting, financing, and making other strategic and operational decisions, and will significantly impact the VIEs’ economic performance. Pursuant to the exclusive technical licensing and service agreements and other agreements, the Company has the right to receive benefits of the VIEs in the form of technical service fees, which could potentially be significant to the VIEs’ net income. In addition, the Company has the right to receive all the residual assets of the VIEs through exercise of the exclusive equity option agreements. As a result, the Company, through Fenghuang On-line and Qieyiyou, is considered the primary beneficiary of the VIEs and therefore includes the VIEs’ assets, liabilities and operating results in its consolidated financial statements.
In January 2015, in order to leverage the Group’s brand, content platform and large user base to expand into more entertainment related businesses, the Group established a new subsidiary Meowpaw with share capital of RMB1.0 million. Meowpaw is engaged in creating intellectual properties, related games, books, movies and animations, etc. The Group held 75% of the shares, and the noncontrolling shareholder, who was an individual, held the rest of 25%. Meowpaw’s share capital was not sufficient to support its operations. In addition to the capital injection, as of December 31, 2017, the Group has provided a long-term financing of RMB79.0 million (US$12.1 million) to support its operations. In accordance with ASC810-10, Variable Interest Entities, Meowpaw is thinly capitalized and consolidated as a variable interest entity. Meowpaw may not pay any dividend to shareholders until the accumulated retained earnings are over RMB35.0 million. As the Group owns 75% equity interest of Meowpaw, it can absorb a majority of Meowpaw’s expected loss, owns the power to direct Meowpaw’s activities and most significantly impacted Meowpaw’s economic performance, therefore, the Group is the primary beneficiary of Meowpaw and consolidated Meowpaw under VIE model.
The Company has the power to direct the activities of all the VIEs, including the VIEs aforementioned in the Contractual Agreements and Meowpaw, and can freely have assets transferred out of all the VIEs without any restrictions. Only the registered capital and PRC statutory reserves of the consolidated VIEs amounted to RMB29.7 million (US$4.6 million) as of December 31, 2017 can be used to solely settle obligations of the VIEs and subsidiaries of the VIEs. As all the VIEs and subsidiaries of the VIEs are incorporated as limited liability companies under the PRC Company Law, the creditors of the VIEs and subsidiaries of the VIEs do not have recourse to the general credit of the Company. The amounts of the consolidated VIEs’ current liabilities without recourse to the Company disclosed on the face of the consolidated balance sheets have excluded the amounts due to inter-company entities.
The following tables set forth the summarized assets, liabilities, results of operations and cash flows of the consolidated VIEs (in thousands):
As of December 31, 2017, the total assets for the consolidated VIEs mainly comprised of cash and cash equivalents, term deposits and short term investments, accounts receivable, prepayments and other current assets, amounts due from related parties and property and equipment. There was no pledge or collateralization of these assets. Unrecognized revenue-producing assets that are held by the VIEs and subsidiaries of the VIEs comprise the Internet Content Provision License, the Online Culture Operating Permit, the Internet Publication License, the Permit for Production and Operation of Radio and TV Programs, the Value-added Telecommunications Business Operating License, trademark, and domain name. Recognized revenue-producing assets that are held by the VIEs and subsidiaries of the VIEs comprise property and equipment and operating rights for licensed games. As of December 31, 2017, the total liabilities for the consolidated VIEs mainly comprised short-term bank loans, accounts payable, amounts due to related parties, amounts due to inter-company entities, advances from customers, salary and welfare payable, taxes payable, accrued expenses and other current liabilities and non-current liabilities. After netting off the amount of inter-company transactions between the consolidated VIEs and other subsidiaries within the Group, the net fee paid or payable to other subsidiaries of the Group by the consolidated VIEs were RMB242.4 million, RMB54.8 million and RMB13.7 million (US$2.1 million) for the years ended December 31, 2015, 2016 and 2017, respectively. The balances and transactions of the consolidated VIEs were reflected in the Company’s consolidated financial statements with inter-company transactions eliminated.
It is possible that the Group’s operation of certain of its operations and businesses through VIEs could be found by PRC authorities to be in violation of PRC law and regulations prohibiting or restricting foreign ownership of companies that engage in such operations and businesses. While the Group’s management considers the possibility of such a finding by PRC regulatory authorities under current law and regulations to be remote, on January 19, 2015, the Ministry of Commerce of the PRC, or (the “MOFCOM”) released on its Website for public comment a proposed PRC law (the “Draft FIE Law”) that appears to include VIEs within the scope of entities that could be considered to be foreign invested enterprises (or “FIEs”) that would be subject to restrictions under existing PRC law on foreign investment in certain categories of industry. Specifically, the Draft FIE Law introduces the concept of “actual control” for determining whether an entity is considered to be an FIE. In addition to control through direct or indirect ownership or equity, the Draft FIE Law includes control through Contractual Arrangements within the definition of “actual control”. If the Draft FIE Law is passed by the People’s Congress of the PRC and goes into effect in its current form, these provisions regarding control through Contractual Arrangements could be construed to reach the Group’s VIE arrangements, and as a result the Group’s VIEs could become explicitly subject to the current restrictions on foreign investment in certain categories of industry. The Draft FIE Law includes provisions that would exempt from the definition of foreign invested enterprises entities where the ultimate controlling shareholders are either entities organized under PRC law or individuals who are PRC citizens. The Draft FIE Law does not make clear how “control” would be determined for such purpose, and is silent as to what type of enforcement action might be taken against existing VIEs that operate in restricted industries and are not controlled by entities organized under PRC law or individuals who are PRC citizens. If a finding were made by PRC authorities, under existing law and regulations or under the Draft FIE Law if it becomes effective, that the Group’s operation of certain of its operations and businesses through VIEs, regulatory authorities with jurisdiction over the licensing and operation of such operations and businesses would have broad discretion in dealing with such a violation, including levying fines, confiscating the Group’s income, revoking the business or operating licenses of the affected businesses, requiring the Group to restructure its ownership structure or operations, or requiring the Group to discontinue all or any portion of its operations. Any of these actions could cause significant disruption to the Group’s business operations, and have a severe adverse impact on the Group’s cash flows, financial position and operating performance. |
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- References No definition available.
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- Definition The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Principal Accounting Policies |
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| Principal Accounting Policies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Principal Accounting Policies |
2. Principal Accounting Policies
(a) Basis of presentation, principles of consolidation, recognition of noncontrolling interests and cost allocations
The consolidated financial statements include the financial statements of the Company, its subsidiaries, its VIEs and the subsidiaries of the VIEs. The consolidated financial statements have been prepared in accordance with U.S. GAAP and on a going concern basis. All significant transactions and balances among the Company, its subsidiaries, its VIEs and the subsidiaries of the VIEs have been eliminated upon consolidation. The Company consolidates the VIEs as required by Accounting Standards Codification (“ASC”) 810 Consolidation , because Fenghuang On-line and Qieyiyou hold all the variable interests of the VIEs and have been determined to be the primary beneficiaries of the VIEs (see Note 1).
The Group and Phoenix TV Group have engaged in various mutual cooperation activities in content, branding, promotions, technical support and corporate management. The Group entered into a cooperation agreement (“Agreement”) with Phoenix TV which stipulates the costs and expenses charged to the Group related to content and other services provided by Phoenix TV Group. Based on the Agreement, the Group paid to Phoenix TV Group 50% of the after-tax revenues earned from sublicensing Phoenix TV Group’s video content to third parties, plus a fixed amount of payment to cover other services provided by Phoenix TV Group. The fixed amount was RMB1.6 million for the first year of the Agreement, and increased by 25% annually. The Agreement was effective as of January 1, 2010 and expired on May 27, 2016. The Group and Phoenix TV Group entered into a new set of agreements (“New Agreements”), effective as of May 27, 2016 and will expire on May 26, 2019, to amend and replace the previous Agreement and provide the terms of continued cooperation. The fees payable to Phoenix TV Group by the Group are RMB10.0 million for the first year of the New Agreements, which will incrementally increase by 15% for each subsequent year of the New Agreements. Unlike the Agreement, the New Agreements do not grant the Group the right to sublicense Phoenix TV Group’s copyrighted content to third parties. As such, the Group does not incur such revenue sharing fee to Phoenix TV Group accordingly. The Group and Phoenix TV Group entered into new trademark license agreements in December 2017, which became effective on December 8, 2017 and will expire on December 7, 2020. These agreements no longer allow the Group to use the double-phoenix logo of Phoenix TV Group on a stand-alone basis and have increased the annual license fee payable to Phoenix TV Group from a total of US$10,000 to the greater of 2% of the annual revenues of Tianying Jiuzhou and Yifeng Lianhe or US$100,000 for each company.
Apart from the above cooperation agreements, Phoenix TV Group also paid certain expenses on behalf of the Group, such as data line usage and other general and administrative expenses, which the Group needed to settle with Phoenix TV Group based on the actual amount, and were recorded in the consolidated statements of comprehensive income.
(b) Use of estimates
The preparation of the Group’s consolidated financial statements in conformity with the U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from such estimates. These estimates and assumptions include, but are not limited to, the accounting for advertising and paid services revenues, the determination of estimated selling prices of multiple elements revenues contract, accounting for income taxes and uncertain tax positions, allowance for doubtful accounts, share-based compensation, consolidation, foreign currency translation, determination of the estimated useful lives of property and equipment and intangible assets, assessment of impairment of long-lived assets and equity investments, and determination of the fair value of financial instruments.
(c) Foreign currency translation
The Group uses Renminbi (“RMB”) as its reporting currency. The Company’s operations in the PRC and in international regions use their respective currencies as their functional currencies. In the consolidated financial statements, the financial information of the Company and its subsidiaries, which use US$ or HK$ as their functional currency, have been translated into RMB at the exchange rates quoted by the People’s Bank of China (the “PBOC”). Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at historical exchange rates, and revenues, expenses, gains, and losses are translated using the average rate for the period. Translation adjustments arising from these are reported as foreign currency translation adjustments and have been shown as a component of other comprehensive loss or income in the consolidated statements of shareholders’ equity and the consolidated statements of comprehensive income.
Foreign currency transactions denominated in currencies other than functional currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are remeasured at the applicable rates of exchange in effect at that date. Foreign currency exchange gain or loss resulting from the settlement of such transactions and from remeasurement at period-end is recognized in foreign currency exchange gain or loss in the consolidated statements of comprehensive income.
(d) Convenience translation
Translations of amounts from RMB into US$ for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB6.5063 on December 29, 2017 as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.
(e) Fair value of financial instruments
U.S. GAAP establishes a three-tier hierarchy to prioritize the inputs used in the valuation methodologies in measuring the fair value of financial instruments. This hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three-tier fair value hierarchy is:
Level 1— Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets
Level 2— Include other inputs that are directly or indirectly observable in the marketplace
Level 3— Unobservable inputs which are supported by little or no market activity
U.S. GAAP describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. When available, the Group uses quoted market prices to determine the fair value of an asset or liability. If quoted market prices are not available, the Group will measure fair value using valuation techniques that use, when possible, current market-based or independently sourced market parameters, such as interest rates and currency rates. All financial assets and liabilities are recognized or disclosed at fair value in the consolidated financial statements on a recurring basis.
The Group’s financial instruments include cash equivalents, term deposits, short term investments, restricted cash, accounts receivable, amounts due from related parties, prepayments and other current assets, convertible loans due from a related party, available-for-sale investments, accounts payable, amounts due to related parties, salary and welfare payable, accrued expense, short-term bank loans and other current liabilities and other non-current assets. Refer to Note 19 for details.
(f) Cash and cash equivalents
Cash and cash equivalents represent cash on hand, demand deposits, time deposits and highly liquid investments placed with banks or other financial institutions, which are unrestricted to withdrawal or use, and which have original maturities of three months or less.
(g) Term deposits, short term investments
Term deposits represent term deposits placed with banks with original maturities of more than three months and up to one year.
Short term investments represent investments in financial instruments with a variable interest rate indexed to performance of underlying assets and investments that the Group has positive intent and ability to hold to maturity, all of which are with original maturity of less than 12 months.
In accordance with ASC 825, for investments in financial instruments with a variable interest rate indexed to performance of underlying assets, the Group elected the fair value method at the date of initial recognition and carried these investments at fair value. Fair value is estimated based on quoted prices of similar products provided by banks at the end of each period. The Group classifies the valuation techniques that use these inputs as Level 2 of fair value measurements. Please see Note 19 for additional information.
(h) Restricted cash
Restricted cash represents deposits placed as guarantee of banking facility which are restricted to withdrawal or usage.
(i) Accounts receivable, net
The carrying value of accounts receivable is reduced by an allowance that reflects the Group’s best estimate of the amounts that will not be collected. Many factors are considered in estimating the general allowance, including but not limited to reviewing accounts receivable balances, historical bad debt rates, aging analysis, customer credit worthiness and industry trend analysis. The Group also makes the specific allowance if there is evidence showing that the receivable is unlikely to be collected. Accounts receivable balances are written off against the allowance when they are determined to be uncollectible. Refer to Note 4 for details.
(j) Convertible loans due from a related party
Convertible loans due from a related party represent short-term loans advanced to a related party of which the Group may at its option convert all or a portion into preferred shares. The Group has determined that the convertible loans are not within the scope ASC 320 Investment — debt and equity securities and it is accounted for under ASC 310 Receivables. The conversion features were considered as embedded derivatives that do not meet the criteria to be bifurcated under ASC 815-15-25-1 and were accounted for in a similar method as for the short-term loans advanced to a related party. The Group accounts for the convertible loans due from a related party at an amortized cost basis after deduction of any other-than-temporary impairment loss and reviews for impairment on a regular basis.
(k) Property and equipment, net
Property and equipment are stated at cost less accumulated depreciation and impairment. Property and equipment are depreciated over the following estimated useful lives on a straight-line basis:
Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of property and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated statements of comprehensive income.
(l) Intangible assets, net
Intangible assets mainly consist of computer software purchased from unrelated third parties, operating rights for licensed games and an Internet domain name. Intangible assets are stated at cost less impairment and accumulated amortization, which is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are 5 years for computer software, 10 years for Internet domain names, and the estimated life cycle for licensed games.
(m) Available-for-sale investments
In accordance with ASC topic 320 Investments-Debt and Equity Securities, the Group classifies the investments in debt and equity securities as “held-to-maturity”, “trading” or “available-for-sale”, The securities that the Group has positive intent and ability to hold to maturity are classified as held-to-maturity securities. The securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities. Investments not classified as trading or as held-to-maturity are classified as available-for-sale investments. Available-for-sale investments are reported at fair value, which is estimated by management after considering an independent appraisal performed by a reputable appraisal firm, with unrealized gains and losses, if any, recorded in the accumulated other comprehensive loss or income in shareholder’s equity. Realized gains and losses are reflected in earnings during the year in which the gains and losses are realized. An impairment loss on the available-for-sale investments would be recognized in the consolidated statements of comprehensive income when the decline in value is determined to be other-than-temporary. Investments with maturities of greater than 12 months are recorded in non-current assets.
(n) Equity investments
Investments in entities in which the Group can exercise significant influence but does not own a majority equity interest or control are accounted for using the equity method of accounting in accordance with ASC topic 323 Investments-Equity Method and Joint Ventures. The Group adjusts the carrying amount of equity method investment for its share of the income or losses of the investee and reports the recognized income or losses in the consolidated statements of comprehensive income. The Group’s share of the income or losses of an investee are based on the shares of common stock and in-substance common stock held by the Group.
Investments in entities in which the Group does not have significant influence and which does not have readily determinable fair value are accounted for using the cost method of accounting in accordance with ASC subtopic 325-20 Investments-Other-Cost Method Investments.
An impairment loss on the equity investments is recognized in the consolidated statements of comprehensive income when the decline in value is determined to be other-than-temporary.
(o) Impairment of long-lived assets
Long-lived assets such as property and equipment and intangible assets are reviewed for impairment whenever events or changes in the circumstances indicate that the carrying value of an asset may not be recoverable. When these events occur, the Group assesses the recoverability of the long-lived assets by comparing the carrying amount to the estimated future undiscounted cash flows associated from the use of the asset and its eventual disposition, and recognize an impairment of long-lived assets when the carrying value of such assets exceeds the estimated future undiscounted cash flows such assets is expected to generate. If the Group identifies an impairment, the Group reduces the carrying amount of the assets group to its estimated fair value based on a discounted cash flow approach or, when available and appropriate, to comparable market values.
(p) Revenue recognition
Revenue is recognized when persuasive evidence of an arrangement exists, the price is fixed or determinable, service is performed and the collectability of the related fee is reasonably assured. In October 2009, the Financial Accounting Standards Board (the ‘‘FASB’’) issued Accounting Standards Update (“ASU”) 2009-13, Multiple Deliverable Revenue Arrangements, to address the accounting for multiple-deliverable arrangements. The Group has applied ASU 2009-13 to all revenue arrangements for all years presented in the financial statements.
(i)Net advertising revenues
Advertising revenues are derived principally from advertising arrangements where the advertisers pay to place their advertisements on the Group’s ifeng.com, mobile Internet website i.ifeng.com and its mobile applications in different formats over a particular period of time. Such formats generally include but are not limited to banners, news feed, text-links, videos, logos, buttons and rich media.
The majority of the Group’s advertising revenue arrangements involve multiple element deliverables, including placements of different advertisement formats on the Group’s PC websites, mobile applications and mobile websites over different periods of time. The Group breaks down the multiple element arrangements into single units of accounting when possible, and allocates total consideration to each single unit of accounting using the relative selling price method. For most deliverables in its multiple element arrangements, the Group uses management’s best estimate of the selling price in the allocation as the vendor-specific objective evidence or third-party evidence of selling price is not available for those deliverables. The best estimate of the selling price is determined based on the publicly published advertising rate card, times the relevant discount rates, which are taking into considerations of the historical trend, the pricing of advertising areas sold with similar popularities, advertisements with similar formats and quoted prices from competitors, and other relevant market conditions. The Group recognizes revenue on the elements delivered and defers the recognition of revenue for the estimated value of the undelivered elements until the remaining obligations have been satisfied. When all of the elements within an arrangement are delivered uniformly over the agreement period, the revenues are recognized on a straight-line basis over the contract period.
Currently the advertising business has three main types of pricing models, consisting of the Fixed Price model, the Cost Per Impression (“CPM”) model, and the Cost Per Click (“CPC”) model.
Fixed Price model
Under the Fixed Price model, advertisements on the Group’s PC websites, mobile applications and mobile websites are generally charged on the basis of duration, and advertising contractual arrangements are entered to establish the fixed price and the advertising services to be provided. Where collectability is reasonably assured, advertising revenues from advertising contractual arrangements are recognized ratably over the contract period of display.
CPM model
The CPM model refers to advertising bought on the basis of impression. This is in contrast to the various types of pay-for-performance advertising, whereby payment is only triggered by a mutually agreed upon activity (i.e. click-through, lead, sale).
CPC model
Under the CPC model, there is no overall fixed price for advertising services stated in the contract with the advertiser. The Group charges advertisers on a per-click basis when the users click on the advertisements. The unit price for each click is auction-based. The revenue is recognized based on qualified clicks and the corresponding unit price.
Agency service fees to third-party advertising agencies
The Group provides cash incentives in the form of agency service fees to certain third-party advertising agencies based on sales performance, and accounts for such incentives as a reduction item of revenues in accordance with ASC 605-50-25, Customer Payments and Incentives: Recognition. The Group has estimated and recorded RMB161.6 million, RMB169.6 million and RMB223.3 million (US$34.3 million) in agency service fees to third-party advertising agencies for the years ended December 31, 2015, 2016 and 2017, respectively.
Barter transactions
The Group enters into barter transactions involving advertising services and follows ASC 605-20, Revenue Recognition: Services. Revenues or expenses from barter transactions are recognized at fair value during the period in which the advertisements are provided only if the fair value of the advertising services surrendered in the transaction is determinable based on the entity’s own historical practice of receiving cash and cash equivalents, marketable securities, or other consideration that is readily convertible to a known amount of cash for similar advertising from buyers unrelated to the counterparty in the barter transaction. The Group did not recognize revenue and expenses for advertising-for-advertising barter transactions since the fair value of the advertising services surrendered or received in the transaction is not determinable for the years ended December 31, 2015, 2016 and 2017. Except for advertising-for-advertising barter transactions, the Group recognized revenue from barter transactions involving exchanging advertising services for content, technical, application pre-installation services and others amounted to RMB1.4 million, RMB2.8 million and RMB4.4 million (US$0.7 million) for the years ended December 31, 2015, 2016 and 2017, respectively.
(ii)Paid services revenues
The Group offers a wide variety of paid services primarily through mobile channel and operations with the telecom operators. Prior to 2016, the Group’s paid service revenues mainly comprised of the revenues generated from (a) mobile value-added services through telecom operators’ platforms (“MVAS”) and (b) games and others. Digital reading was previously classified under “games and others”. In order to align with the Group’s overall strategies, in 2016, digital reading was re-classified from “Games and others”, and digital reading together with MVAS was determined as “Digital entertainment”.
As such, effective in 2016, paid services revenues now comprise of (i) revenues from digital entertainment, which includes MVAS and digital reading, and (ii) revenues from games and others, which includes web-based games, mobile games, content sales, and other online and mobile paid services through the Group’s own platforms.
Digital entertainment
Digital Entertainment revenues mainly comprised revenues generated from MVAS and digital reading.
MVAS
MVAS revenues are derived from providing mobile phone users with mobile newspaper services, mobile game services delivered through the telecom operators’ platforms, mobile video services, wireless value-added services (“WVAS”) through telecom operators’ platforms. WVAS include short messaging services (“SMS”), multi-media messaging services (“MMS”), music services such as ring-back tone (“RBT”), interactive voice response (“IVR”) and animation services. Revenues from MVAS are charged on a monthly or per-usage basis, and are recognized in the period in which the service is performed, provided that no significant obligation remains, collection of the receivables is reasonably assured and the amounts can be accurately estimated.
The Group contracts with China Mobile Communication Corporation and its subsidiaries (“CMCC”), and to a lesser degree, with other mobile operators, for billing, collection and transmission services related to the MVAS offered to its users. The determination of whether to record these revenues using the gross or net method is based on an assessment of various factors; the primary factors are whether the Group is acting as the principal in offering services to the customer or as an agent in the transaction, and the specific requirement of each contract. CMCC is a related party of the Group (see Note 23).
Most revenues from mobile newspaper services, mobile video services and most WVAS are recorded on a net basis as the Group is acting as an agent of operators in these transactions. For most mobile game services delivered through telecom operators, the Group is responsible for providing desired services to the customers and has primary responsibility and broad discretion to establish price, therefore the Group is considered the primary obligor in these transactions, and revenues from these services are recorded on a gross basis.
Due to the time lag between when the services are rendered and when the operators’ billing statements are received, most MVAS revenues are estimated based on the Group’s internal billing records and transmissions for the month, adjusting for prior periods’ confirmation rates with operators and prior periods’ discrepancies between internally estimated revenues and actual revenues confirmed by operators. There was no significant difference between the Group’s estimates and the operators’ billing statements for all the years presented.
The Group also contracts with CMCC to provide news content and other services to CMCC. News content and other services are charged for fixed fees respectively. The revenues attributable to the news content are recognized on a straight-line basis over the periods in which the news content is provided. Revenues attributable to other services are recognized when the services are delivered.
Digital reading
Digital reading revenues are derived from providing fee-based internet literatures from writers and digital format books licensed from third-party publishers to customers on both of the Group’s PC and mobile platforms. Most revenues generated from digital reading are recorded on a gross basis and recognized evenly over the subscription period, or in the period in which a pay-per-view service is provided, as the Group is responsible for providing the desired services to the customers and has primary responsibility and broad discretion to establish price, therefore the Group is considered the primary obligor in these transactions.
Games and others
Games and others include web-based games, mobile games, content sales, and other online and mobile paid services through the Group’s own platforms. Revenues from these services are recognized over the periods in which the services are performed, provided that no significant obligations remain, collection of the receivables is reasonably assured and the amounts can be accurately estimated.
For web-based game services, all of the web-based games provided on the Group’s platforms are developed by third-party game developers and can be accessed and played by game players without downloading separate software. The Group primarily views the game developers to be its customers and considers its responsibility under its agreements with the game developers to be promotion of the game developers’ games. The Group collects payments from game players in connection with the sale of in-game virtual currencies and remits certain agreed-upon percentages of the proceeds to the game developers. Revenue from the sale of in-game virtual currency is recorded net of remittances to game developers and deferred until the estimated consumption date of the virtual items, which is within a short period of time, typically a few days, after purchase of the in-game virtual currency.
The Group also provides video programming through its online subscription and pay-per-view services to the customers. Revenues from these services, which are recorded on a gross basis, are recognized evenly over the subscription period, or in the period in which a pay-per-view service is provided.
The Group generates revenues from video content sales agreements for television programming mainly produced by Phoenix TV Group and content purchased from third parties. The video content sales agreements the Group enters into involve the transfer of non-exclusive broadcasting rights to other third-party websites or other Internet and mobile media companies for a definitive license period. In accordance with ASC 926-605, Entertainment-Films, Revenue Recognition, the Group recognizes revenues in respect of its video content sales arrangements when the following criteria are met: persuasive evidence of a video content sales arrangement with a customer exists, the content has been delivered or is available for immediate and unconditional delivery, the sublicense period of the arrangement has begun and the customer can begin its exhibition, the arrangement fee is fixed or determinable, and collection of the arrangement fee is reasonably assured.
(q) Cost of revenues
The Group’s cost of revenues consists primarily of (i) revenue sharing fees, including service fees retained by mobile telecommunications operators which are recognized as cost of revenues for revenues recorded on gross basis and revenue sharing fees paid to the Group’s channel and content partners, (ii) content and operational costs, including personnel-related cost associated with content production and certain advertisement sales support personnel, content procurement costs to third-party professional media companies and to Phoenix TV Group, direct costs related to in-house content production, channel testing costs, rental cost, depreciation and amortization and other miscellaneous costs, (iii) bandwidth costs, and (iv) sales taxes and surcharges, including value-added tax (“VAT”) and other surcharges.
On May 1, 2016, the transition from the imposition of Business Tax to the imposition of VAT was expanded to all industries in China, and all of Group’s revenues have been subject to VAT since that date. The Group is also subject to a cultural development fee on the provision of advertising services in the PRC and the applicable tax rate is 3% of the net advertising revenues.
The sales taxes and surcharges in cost of revenues for the years ended December 31, 2015, 2016 and 2017 were RMB122.5 million, RMB119.8 million and RMB133.2 million (US$20.5 million), respectively.
(r) Sales and marketing expenses
Sales and marketing expenses comprise primarily of: (i) personnel-related expenses including sales commissions related to the sales and marketing personnel; (ii) advertising and promotion expenses including traffic acquisition expenses; and (iii) rental expense, depreciation and amortization expenses. The Group expenses advertising costs as incurred. Total advertising and promotion expenses including traffic acquisition expenses were RMB117.9 million, RMB160.1 million and RMB329.7 million (US$50.7 million), for the years ended December 31, 2015, 2016 and 2017, respectively.
(s) Technology and product development expenses
Technology and product development expenses mainly consist of: (i) personnel-related expenses associated with the development of, enhancement to, and maintenance of the Group’s PC websites, mobile applications and mobile websites; (ii) expenses associated with new technology and product development and enhancement; and (iii) rental expense and depreciation of servers. The Group expenses technology and product development expenses as incurred for all the years presented.
(t) Operating leases
Leases where substantially all the rewards and risks of ownership of assets remain with the lessor are accounted for as operating leases. Payments made under operating leases are charged to the consolidated statements of comprehensive income on a straight-line basis over the lease term. The Group normalizes rental expense on operating leases that involve rent concessions.
(u) Share-based compensation
The Company has incentive plans for the granting of share-based awards, including share options, restricted shares and restricted share units. The Company measures the cost of employee services received in exchange for share-based compensation at the grant date fair value of the award. The Company recognizes the share-based compensation as costs or expenses in the consolidated statements of comprehensive income, net of estimated forfeitures, on a graded-vesting basis over the vesting term of the awards.
The share-based awards to nonemployees are accounted for based on the fair value of the consideration received or the fair value of the award issued, whichever is more reliably measurable. Share-based compensation expense for share options granted to non-employees is measured at fair value at the earlier of the performance commitment date or the date service is completed and recognized over the period during which the service is provided. The Company applies the guidance in ASC 505-50 to re-measure share options granted to non-employees based on the then-current fair value at each reporting date until the service has been provided and the performance targets have been met.
Cancellation of an award accompanied by the grant of a replacement award is accounted for as a modification of the terms of the cancelled award (“modification awards”). The compensation costs associated with the modification awards are recognized if either the original vesting condition or the new vesting condition has been achieved. Such compensation costs cannot be less than the grant-date fair value of the original award. The incremental compensation cost is measured as the excess of the fair value of the replacement award over the fair value of the cancelled award at the cancellation date. Therefore, in relation to the modification awards, the Company recognizes share-based compensation over the vesting periods of the new awards, which comprises (i) the amortization of the incremental portion of share-based compensation over the remaining vesting term and (ii) any unrecognized compensation cost of original award, using either the original term or the new term, whichever is higher for each reporting period.
The Company adopts the Black-Scholes option pricing model to determine the fair value of share options, and determines the fair value of restricted share and restricted share units based on the fair value of the underlying ordinary shares at the grant date considering the dilutive effect of restricted share and restricted share units.
Forfeiture rates are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from initial estimates. The Group uses historical data to estimate pre-vesting option and restricted share unit forfeitures and record share-based compensation only for those awards that are expected to vest. Refer to Note 17 for further information regarding share-based compensation assumptions and expenses.
(v) Income taxes
Current income taxes are provided on the basis of net income for financial reporting purposes, adjusted for income and expense items which are not assessable or deductible for income tax purposes, in accordance with the regulations of the relevant tax jurisdictions. Deferred income taxes are provided using an asset and liability method. Under this method, deferred income taxes are recognized for the tax consequences of temporary differences by applying enacted statutory rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The tax base of an asset or liability is the amount attributed to that asset or liability for tax purpose. The effect on deferred taxes of a change in tax rates is recognized in the consolidated statements of comprehensive income in the period of change. A valuation allowance is provided to reduce the amount of deferred tax assets if it is considered more likely than not that some portion of, or all of the deferred tax assets will not be realized.
Uncertain tax positions
In order to assess uncertain tax positions, the Group applies a more likely than not threshold and a two-step approach for the tax position measurement and financial statement recognition. Under the two-step approach, the first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement. The Group did not have significant unrecognized uncertain tax positions or any unrecognized liabilities, interest or penalties associated with unrecognized tax benefit as of and for the years ended December 31, 2015, 2016 and 2017. Refer to Note 15 for details of the Group’s tax positions.
(w) Employee social security and welfare benefits
The Company’s subsidiaries and consolidated VIEs in the PRC participate in a government-mandated multi-employer defined contribution plan pursuant to which certain retirement, medical and other welfare benefits are provided to employees. The relevant labor regulations require the Company’s subsidiaries and consolidated VIEs in the PRC to pay the local labor and social welfare authorities monthly contributions at a stated contribution rate based on the monthly basic compensation of qualified employees. The relevant local labor and social welfare authorities are responsible for meeting all retirement benefits obligations and the Company’s subsidiaries and consolidated VIEs in the PRC have no further commitments beyond their monthly contributions. The contributions to the plan are expensed as incurred. Employee social security and welfare benefits included as cost and expenses in the consolidated statements of comprehensive income were RMB75.6 million, RMB72.6 million and RMB79.4 million (US$12.2 million) for the years ended December 31, 2015, 2016 and 2017, respectively.
(x) Other income — Others, net
Other income —Others, net mainly represent government subsidies which primarily consist of financial subsidies received from provincial and local governments for operating a business in their jurisdictions. Such income has been recognized when the grants are received and no further conditions need to be met.
(y) Statutory reserves
In accordance with the laws applicable to China’s Foreign Investment Enterprises, those of the Company’s China-based subsidiaries that are considered under PRC law to be a wholly foreign-owned enterprise are required to make appropriations from their 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 non-distributable reserve funds including (i) general reserve fund, (ii) enterprise expansion fund and (iii) 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 general reserve fund has reached 50% of the registered capital of the respective company. Appropriations to the other two reserve funds are at the respective companies’ discretion.
In accordance with the China Company Laws, those China-based subsidiaries of the Company that are considered under PRC law to be domestically funded enterprises, as well as the Company’s VIEs are required to make appropriations from their after-tax profit (as determined under PRC GAAP) to non-distributable reserve funds including (i) statutory surplus fund and (ii) discretionary surplus fund. The appropriation to the statutory surplus fund must be at least 10% of the after-tax profits calculated in accordance with PRC GAAP. Appropriation is not required if the statutory surplus fund has reached 50% of the registered capital of the respective company. Appropriation to the discretionary surplus fund is at the discretion of the respective company.
General reserve fund and statutory surplus fund are restricted for set off against losses, expansion of production and operation or increase in the registered capital of the respective company. The Group has made appropriations of RMB4.3 million, RMB7.6 million and RMB3.3 million (US$0.5 million) to these funds for the years ended December 31, 2015, 2016 and 2017, respectively.
(z) Related parties
Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence, such as a family member or relative, shareholders, or a related corporation.
(aa) Dividends
Dividends are recognized when declared. No dividends were declared for the years ended December 31, 2015, 2016 and 2017, respectively. The Group does not have any present plan to pay dividends in the foreseeable future. The Group currently intends to retain the available funds and future earnings to operate and expand its business.
(ab) Net income per share
The Group computes net income per Class A and Class B ordinary share in accordance with ASC 260-10, Earnings Per Share: Overall, using the two class method. Under the two-class method, net income is allocated between ordinary shares and other participating securities based on their participating rights. Net losses are not allocated to other participating securities if based on their contractual terms they are not obligated to share in the losses.
The liquidation and dividend rights of the holders of the Company’s Class A and Class B ordinary shares are identical, except with respect to voting. As the liquidation and dividend rights are identical, the net incomes are allocated on a proportionate basis.
Basic net income per share is computed by dividing net income attributable to ordinary shareholders by the weighted average number of ordinary shares and contingently issuable shares outstanding during the period except that it does not include unvested restricted shares or repurchased ordinary shares subject to cancellation.
Diluted net income per share is calculated by dividing net income attributable to ordinary shareholders, as adjusted for the effect of dilutive potential ordinary shares, if any, by the weighted average number of ordinary shares outstanding and dilutive potential ordinary shares during the period. Potential ordinary shares are excluded in the denominator of the diluted net income per share calculation if their effects would be anti-dilutive.
(ac) Treasury stock
The Company accounted for those shares repurchased as treasury stock at cost in accordance with ASC 505-30, Treasury Stock, and is shown separately in the shareholders’ equity if the Company has not yet decided on the ultimate disposition of those shares acquired. When the Company decides to cancel the treasury stock, the difference between the original issuance price and the repurchase price is debited into additional paid-in capital. Refer to Note 21 for details.
(ad) Comprehensive income
Comprehensive income is defined as the change in equity of the Group during a period arising from transactions and other events and circumstances excluding transactions resulting from investments by shareholders and distributions to shareholders. Comprehensive income is reported in the consolidated statements of comprehensive income. Accumulated other comprehensive loss or income, as presented on the Group’s consolidated balance sheets, includes the foreign currency translation adjustment and fair value remeasurement for available-for-sale investments.
(ae) Segment reporting
The Group’s segments are business units that offer different services and are reviewed separately by the chief operating decision maker (the “CODM”) in deciding how to allocate resources and in assessing performance. The Group’s CODM has been identified as the Chief Executive Officer. As the Group’s long-lived assets and revenues are substantially located in and derived from the PRC, no geographical segments are presented.
The Group’s organizational structure is based on a number of factors that the CODM uses to evaluate, view and run the Group’s business operations, which include, but are not limited to, customer base, homogeneity of products and technology. The Group’s operating segments are based on its organizational structure and information reviewed by the Group’s CODM to evaluate the operating segment results.
(af) Recent accounting pronouncements
Revenue from Contracts with Customers. In May 2014, the FASB issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance supersedes current guidance on revenue recognition in Topic 605: Revenue Recognition. The new revenue standard is effective beginning on January 1, 2018, and early adoption is permitted. The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective approach), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (the modified retrospective approach). The Group will adopt the new standard effective January 1, 2018, using the modified retrospective method. The cumulative effect of initially applying the guidance that will be recognized at the date of initial application is not expected to be material and the financial statements of prior periods will not be retrospectively adjusted. The Group has substantially completed the assessment and implementation work, and the main impact will be (1) the reclassification of sales taxes and surcharges from cost of revenues to a reduction of revenues, (2) revenues or expenses from some advertising barter transactions will be recognized beginning from January 1, 2018 in accordance with the new guidance, as the provision of Topic 605 exempting some advertising-for-advertising barter transactions, for which the fair value of the advertising services surrendered or received was not determinable, from being reported at fair value has been superseded. If presented net of sales taxes and surcharges, revenues for the year ended December 31, 2017 would have been approximately 8.5% lower than currently presented. Total revenues from advertising-for-advertising barter transactions not recognized in 2017 were RMB2.4 million (US$0.4 million), which would be recognized as revenues and increase the amount of revenues under Topic 606 beginning from January 1, 2018.
Recognition and Measurement of Financial Assets and Financial Liabilities. On January 5, 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. This amendment requires all equity investments to be measured at fair value, with changes in the fair value recognized through net income (other than those accounted for under equity method of accounting or those that result in consolidation of the investee). This standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Group will apply the new standard beginning January 1, 2018 and recognize the changes in fair value for all equity investments other than those accounted for under equity method of accounting measured at fair value through net income/(loss). For investments in equity securities lacking of readily determinable fair values, the Group will elect to use the measurement alternative defined as cost, less impairments, adjusted by observable price changes. The Group anticipates that the adoption of ASU 2016-01 will increase the volatility of its other income/(expense), net, as a result of the remeasurement of its equity securities upon the occurrence of observable price changes and impairments.
Leases. On February 25, 2016, the FASB issued ASU 2016-02, Leases. ASU 2016-02 specifies the accounting for leases. For operating leases, ASU 2016-02 requires a lessee to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, on a generally straight-line basis. In addition, this standard requires both lessees and lessors to disclose certain key information about lease transactions. ASU 2016-02 is effective for public companies for annual reporting periods, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. The Group is currently evaluating the impact of adopting this standard on its consolidated financial statements.
Financial Instruments-Credit Losses. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Group is currently evaluating the impact that the standard will have on its consolidated financial statements and related disclosures.
Statement of Cash Flows — Classification of Certain Cash Receipts and Cash Payments. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows — Classification of Certain Cash Receipts and Cash Payments, which clarifies the presentation and classification of certain cash receipts and cash payments in the statement of cash flows. This guidance is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Group does not expect this standard to have a material impact on its consolidated financial statements.
Statement of Cash Flows (Topic 230): Restricted Cash. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. The guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The standard is effective for fiscal years beginning after December 15, 2017, and interim period within those fiscal years and is applied retrospectively. The Group has early adopted this guidance retrospectively. Accordingly, the item “changes in restricted cash” previously included in investing activities in the consolidated statements of cash flows for the years ended December 31, 2015 and 2016 with an amount of RMB125.0 million and RMB229.6 million, respectively, had been removed from cash flows from investing activities and included in beginning and ending cash, cash equivalents and restricted cash balances retrospectively. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet that sum to the total of the same such amounts shown in the statement of cash flows (in thousands).
Business Combinations (Topic 805): Clarifying the Definition of a Business. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The standard should be applied prospectively on or after the effective date. The Group is currently evaluating the impact of adopting this standard prospectively upon any transactions of acquisitions or disposals of assets or businesses and does not expect this standard to have a material impact on its consolidated financial statements.
Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting. In May 2017, the FASB issued ASU 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting. The amendments in this Update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period. The guidance should be applied prospectively to an award modified on or after the adoption date. The Group is currently evaluating the impact of adopting this standard on its consolidated financial statements and does not expect this standard to have a material impact on its consolidated financial statements. |
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- References No definition available.
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- Definition The entire disclosure for all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Certain Risks and Concentration |
12 Months Ended |
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Dec. 31, 2017 | |
| Certain Risks and Concentration | |
| Certain Risks and Concentration |
3. Certain Risks and Concentration
(a) Major customers
A significant portion of the Group’s MVAS is generated through and from CMCC, which is also a related party as CMCC is a shareholder of Phoenix TV. CMCC is a major mobile network operator in the PRC. It provides billing, collection and transmission services related to the paid services offered by most of the wireless service and content providers in the PRC. The revenues generated through and from CMCC for the years ended December 31, 2015, 2016 and 2017 were RMB309.3 million, RMB154.6 million and RMB172.2 million (US$26.5 million), respectively, which accounted for 19.2%, 10.7% and 10.9% of the respective years’ total revenues.
The amounts due from CMCC as of December 31, 2016 and 2017 were RMB48.8 million and RMB63.2 million (US$9.7 million), respectively, which is included on the consolidated balance sheets as “Amounts due from related parties”. Except for CMCC and an advertising agent, there is no other customer with revenues or receivables over 10% of total revenues or total accounts receivable, net and due from related parties, respectively.
(b) Credit risk
The Group’s credit risk arises from cash and cash equivalents, term deposits, short term investments and restricted cash as well as credit exposures to receivables due from its customers, related parties and other parties.
The Group expects that there is no significant credit risk associated with cash and cash equivalents, term deposits, short term investments and restricted cash for short-term bank loans which were held by reputable financial institutions in the jurisdictions where the Company, its subsidiaries, VIEs and the subsidiaries of the VIEs are located. The Group believes that it is not exposed to unusual risks as these financial institutions have high credit quality.
As of December 31, 2017, the Group had an unsecured short-term loan granted to Particle recorded as convertible loans due from a related party of RMB102.6 million (US$15.8 million) and another unsecured short-term loan granted to Particle recorded in amounts due from related parties of RMB80.4 million (US$12.4 million).
The Group has no significant concentrations of credit risk with respect to its customers, related parties and other parties, except for CMCC, Particle and the advertising agent as discussed above. The Group assesses the credit quality of and sets credit limits on its customers by taking into account their financial position, the availability of guarantee from third parties, their credit history and other factors such as current market conditions.
(c) Currency convertibility risk
The Group’s operating transactions and its assets and liabilities are mainly denominated in RMB. RMB is not freely convertible into foreign currencies. The value of the RMB is subject to changes by the central government policies and to international economic and political developments. In the PRC, certain foreign exchange transactions are required by law to be transacted only by authorized financial institutions at exchange rates set by PBOC. Remittances in currencies other than RMB by the Group in the PRC must be processed through PBOC or other China foreign exchange regulatory bodies which require certain supporting documentation in order to affect the remittance.
(d) PRC regulations
The Group is exposed to certain macro-economic and regulatory risks and uncertainties in the Chinese market. These uncertainties affect the ability of the Group to provide online advertising, mobile and Internet related services through Contractual Arrangements in the PRC since these industries remains highly regulated. The Chinese government may issue from time to time new laws or new interpretations on existing laws to regulate these industries. Regulatory risk also encompasses the interpretation by the tax authorities of current tax laws, the status of properties leased for the Group’s operations and the Group’s legal structure and scope of operations in the PRC, which could be subject to further restrictions resulting in limitations on the Group’s ability to conduct business in the PRC. The PRC government may also require the Group to restructure its operations entirely if it finds that its Contractual Arrangements do not comply with applicable laws and regulations. It is unclear how a restructuring could impact the Group’s business and operating results, as the PRC government has not yet found any such Contractual Arrangements to be in noncompliance. However, any such restructuring may cause significant disruption to the Group’s business operations.
In addition, the Group is required to obtain certain licenses to operate the Internet information services. As of the date of the annual report, the Group is in the process of applying for licenses for the certain operations of the businesses, including an Internet audio-visual program transmission license and an Internet news license. In 2017, approximately 92.6% of the Group’s total revenues were derived from business related to the above licenses. Without these licenses, the PRC government may order the Group to cease its services, which may cause significant disruption to the Group’s business operations.
(e) Investments risk
The Group has made and may undertake in the future investments in subsidiaries, affiliates and other business alliance partners in various Internet-related businesses. It is uncertain whether the Group will receive the expected benefits from these investments, due to any adverse regulatory changes, worsening of economic conditions, increased competition or other factors that may negatively affect the related business activities. Some of the businesses the Group has invested in are subject to intensive regulation. For example, one of the Group’s investees had suspended all of its online lottery ticket distribution businesses and had not generated any revenue since March 2015 in response to the Notice related to Self-Inspection and Self-Remedy of Unauthorized Online Lottery Sales, or the Self-Inspection Notice, which was jointly promulgated by the Ministry of Finance, the Ministry of Civil Affairs and the General Administration of Sports of the People’s Republic of China. Any such adverse regulatory change may have a material adverse impact on the business and financial performance of the subsidiaries, affiliates and other business alliance partners. Furthermore, unanticipated costs and liabilities may be incurred in connection with those business strategies, including liabilities from the claims related to the businesses prior to the business alliances, and cost from actions by regulatory authorities. |
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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Accounts Receivable, Net |
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4. Accounts Receivable, Net
The following table sets out the balance of accounts receivable as of December 31, 2016 and 2017 (in thousands):
The following table presents the movement of the allowance for doubtful accounts (in thousands):
The negative RMB9.1 million (US$1.4 million) charged to bad debt expenses in 2017 were mainly caused by the collection of previously fully-reserved receivables of RMB25.4 million (US$3.9 million), and partially offset by the addition of new bad debt provision of RMB16.3 million (US$2.5 million). |
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- References No definition available.
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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Prepayments and Other Current Assets |
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5. Prepayments and Other Current Assets
The following is a summary of prepayments and other current assets (in thousands):
Prepayments to suppliers and other business related expenses mainly consist of business related staff advances, and the Group’s prepaid content licenses fee to third-party content suppliers for the rights to access and present on the Group’s website the content produced by these suppliers during a certain period. These content licenses generally have a license period of one to three years, and are amortized over the license period on a straight-line basis. The portion of the prepaid content license costs that relates to the license period for more than 12 months from the balance sheet date is classified as other non-current assets. |
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- Definition Prepayments and other current assets [Text Block] No definition available.
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- References No definition available.
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Property and Equipment, Net |
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6. Property and Equipment, Net
The following is a summary of property and equipment, net (in thousands):
Depreciation expenses for the years ended December 31, 2015, 2016 and 2017 were RMB38.1 million, RMB37.2 million and RMB32.2 million (US$4.9 million), respectively. |
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- References No definition available.
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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Intangible Assets, Net |
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7. Intangible Assets, Net
The following table summarizes the Group’s intangible assets, net (in thousands):
Amortization expenses for the years ended December 31, 2015, 2016 and 2017 were RMB7.4 million, RMB4.8 million and RMB3.4 million (US$0.5 million), respectively. Based on the current amount of intangible assets subject to amortization, the estimated amortization expenses for each of the following five years are as follows: 2018: RMB2.7 million, 2019: RMB2.3 million, 2020: RMB1.4 million, 2021: RMB0.3 million and 2022: RMB0.04 million.
In view of mobile games services through the Group’s own platforms below previous performance expectations, the Group performed an assessment on the intangible assets related to mobile game business and recorded an impairment charge against operating rights for licensed games of RMB3.8 million, RMB0.1 million and nil for the years ended December 31, 2015, 2016 and 2017, respectively. |
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- Definition The entire disclosure for all or part of the information related to intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Available-for-sale Investments |
12 Months Ended |
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Dec. 31, 2017 | |
| Available-for-sale Investments | |
| Available-for-sale Investments |
8. Available-for-sale Investments
As of December 31, 2014, including the Series B convertible redeemable preferred shares and ordinary shares of Particle Inc. (“Particle”) (see Note 9), the Company owned approximately 18.42% equity interest of Particle on an as-if converted basis.
In April 2015, the Company acquired Series C convertible redeemable preferred shares of Particle with a cash consideration of US$30.0 million (RMB183.5 million), and acquired additional ordinary shares and Class A ordinary shares from certain investors of Particle with a total cash consideration of US$27.6 million (RMB168.5 million). Following the transactions, also in April 2015, Particle repurchased all the ordinary shares and Class A ordinary shares held by the Company, including ordinary shares purchased by the Company in 2014, and issued to the Company one Series C convertible redeemable preferred share for each purchased ordinary share or Class A ordinary share. The gain on disposal of ordinary shares and Class A ordinary shares and acquisition of Series C convertible redeemable preferred shares was RMB4.6 million for the year ended December 31, 2015. As of December 31, 2015, the Company held Series B and Series C convertible redeemable preferred shares of Particle, which had been accounted for as available-for-sale investments, representing approximately 46.95% equity interest of Particle on an as-if converted basis.
In August 2016, Particle completed Series D financing activity with an associate company of Guangdong OPPO Mobile Telecommunications Ltd. (“OPPO”), a leading manufacturer of smartphones and other electronic products in the PRC by issuing Series D convertible redeemable preferred shares to OPPO. The Company did not participate in the Series D financing activity and its equity interest of Particle was partly diluted.
In December 2016, the Company acquired Series D1 convertible redeemable preferred shares of Particle through converting convertible loans due from Particle (see Note 10) with an aggregate amount of US$20.7 million (RMB143.8 million).
In June 2017, Particle completed part of Series E financing activity with certain investors by issuing Series E convertible redeemable preferred shares and warrants. The Company did not participate in the Series E financing activity and its equity interest of Particle was partly diluted.
As of December 31, 2017, the Company held Series B, Series C and Series D1 convertible redeemable preferred shares, which had been accounted for as available-for-sale investments, representing approximately 41.8% equity interest of Particle on an as-if converted basis.
The Company has determined that its investments in Series B, Series C and Series D1 convertible redeemable preferred shares of Particle are not considered in-substance common stock but considered debt securities as the preferred shares of Particle are redeemable at the option of the Company and are therefore not within the scope of ASC 323 Equity Method and Joint Ventures. The Company’s investments in Series B, Series C and Series D1 convertible redeemable preferred shares of Particle are classified as available-for-sale investments and reported at fair value, which is estimated by management after considering valuation reports prepared by a reputable and independent appraisal firm on a recurring basis. As the Company does not expect to sell or redeem the Series B, Series C and Series D1 convertible redeemable preferred shares within one year, they are classified as long-term available-for-sale investments.
Total unrealized gains on available-for-sale investments recorded in accumulated other comprehensive income were RMB303.5 million and RMB625.0 million (US$96.1 million) as of December 31, 2016 and 2017, respectively. The fair value of available-for-sale investments in Particle were RMB939.4 million and RMB1,196.3 million (US$183.9 million) as of December 31, 2016 and 2017, respectively (see Note 19). |
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- Definition Disclosure of Available-for-sale Investment [Text Block] No definition available.
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- References No definition available.
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Equity Investments |
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| Equity Investments |
9. Equity Investments
(a)Equity method investments
As of December 31, 2017, the Group’s investments accounted for under the equity method totaled RMB15.1 million (US$2.3 million) which mainly consisted of the investment in Beijing Fenghuang Tianbo Network Technology Co., Ltd. (“Tianbo”). The Group applies the equity method of accounting to account for its equity investments in common stock or in-substance common stock, over which it has significant influence but does not own a majority equity interest or otherwise control.
As the Group has significant influence over financial and operating decision-making of Tianbo, the Group accounted for the 50% equity interests in Tianbo by using the equity method of accounting. As of December 31, 2016 and 2017, the carrying value of equity investment in Tianbo was RMB8.2 million and RMB15.1 million (US$2.3 million), respectively.
Despite holding 100% ordinary shares of Phoenix FM Limited (“Phoenix FM”), the Company accounts for its investment in Phoenix FM as an equity investment since the Company did not control Phoenix FM due to substantive participating rights that have been provided to IDG-Accel China Growth Fund III L.P. and IDG-Accel China III Investors L.P., who invested in preferred shares of Phoenix FM. As of December 31, 2016 and 2017, the carrying values of equity investment in Phoenix FM were nil and nil, respectively. In addition to the equity investment in Phoenix FM, there was a RMB15.2 million loan receivable due from Phoenix FM which was impaired with an impairment amount of RMB9.0 million recorded in “Loss from equity investments, including impairments” for the year ended December 31, 2015. In 2016, Phoenix FM repaid RMB7.2 million and the impairment for loan receivable due from Phoenix FM of approximately RMB1.0 million recorded in 2015 had been recovered.
In March 2016, Shenzhenshi Fenghuang Jingcai Network Technology Co., Ltd. (“Fenghuang Jingcai”) obtained additional capital injection from an independent third party, and the Group’s equity interest in Fenghuang Jingcai decreased from 45.06% to 31.54%. Since March 2015, Fenghuang Jingcai had suspended all of its online lottery ticket distribution businesses, in response to the Notice related to Self-Inspection and Self-Remedy of Unauthorized Online Lottery Sales, or the Self-Inspection Notice, which was jointly promulgated by the Ministry of Finance, the Ministry of Civil Affairs and the General Administration of Sports of the People’s Republic of China. As of December 31, 2017, there has been no change in the Self-Inspection Notice. The management assessed that this regulatory change will continue to have negative impact to the cash flows of Fenghuang Jingcai in the future, and that the carrying value of Fenghuang Jingcai may not be fully recoverable. For the year ended December 31, 2015, the impairment of the equity investment in Fenghuang Jingcai recorded in the consolidated statements of comprehensive income was RMB3.2 million. As of December 31, 2016 and 2017, the carrying value of equity investment in Fenghuang Jingcai was nil.
As of December 31, 2014, the Company held 9.08% of Particle’s ordinary shares and accounted for such equity investment in Particle under the equity method. In April 2015, all the ordinary shares and Class A ordinary shares the Company purchased were converted to Series C convertible redeemable preferred shares and since then and as of December 31, 2016 and 2017, all the investments in Particle were in convertible redeemable preferred shares and had been accounted for as available-for sale investments (see Note 8).
In February 2015, the Group invested approximately RMB4.5 million in Hangzhou Qike Technology Co., Ltd. (“Hangzhou Qike”), a company engaged in providing risk management and credit control assessment based on big data analysis to enterprises and eventually directly to individual customers, and held 45% equity interest of this company. Based on the other-than-temporary impairment assessment on equity investments, the Group has made impairment provisions to investment in Hangzhou Qike in 2017, and as of December 31, 2016 and 2017, the carrying values of equity investment in Hangzhou Qike were RMB0.1 million and nil, respectively.
The Group no longer records share of losses in Phoenix FM, Fenghuang Jingcai and Hangzhou Qike, as the carrying value of equity investments in them had been reduced to zero. Meanwhile, the Group has no future obligations to fund Phoenix FM, Fenghuang Jingcai and Hangzhou Qike.
The Group summaries the condensed financial information of the Group’s equity method investments as a group below in accordance with Rule 4-08 of Regulation S-X (in thousands):
(b)Cost method investments
In January 2015, the Group acquired 5% equity interest of Beijing Phoenix Lilita Information Technology Co., Ltd. (“Lilita”), from a family member of the chairman of Phoenix TV, for an aggregate purchase consideration of RMB0.5 million. Lilita is principally engaged in P2P lending and reward-based crowd-funding businesses. In July 2016, Lilita completed Round A financing activity and the Group’s percentage of equity interest in Lilita decreased to 4.69%. Based on the other-than-temporary impairment assessment on equity investments, the Group has fully written down the whole investment in Lilita of RMB0.5 million (US$0.08 million) in 2017.
In April 2015, the Group acquired 0.3% equity interest of Lifeix Inc. (“Lifeix”) for an aggregate purchase consideration of US$1.0 million (RMB6.1 million). Lifeix is the operator of the life station websites L99.com and Lifeix.com. In December 2015, in view of business performance and near-term business outlook that were below management previous expectation, based on the other-than-temporary impairment assessment, the Group recorded the impairment loss of US$1.0 million (RMB6.4 million) to fully write down the equity investment in Lifeix.
In August 2017, the Group acquired 8% equity interest of Shenzhenshi Kuailai Technology Co., Ltd. (“Kuailai”) with a consideration of RMB0.2 million (US$0.04 million). Kuailai operates Xunhutai, a life-style information application in China. |
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- Definition Equity Investments [Abstract] No definition available.
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- Definition The entire disclosure for cost method and equity method investments included basis, impairment losses, recognized or unrecognized gains (losses). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Convertible loans due from a related party |
12 Months Ended |
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Dec. 31, 2017 | |
| Convertible loans due from a related party | |
| Convertible loans due from a related party |
10. Convertible loans due from a related party
In January and April 2016, the Company granted two twelve-month unsecured short-term loans to Particle with a principal amount of US$10.0 million each at an interest rate of 4.35% per annum. In December 2016, the principals and the related accrued interests of the two loans with a total amount of US$20.7 million (RMB143.8 million) were converted into Series D1 convertible redeemable preferred shares of Particle at a conversion price of US$0.876847 per share.
In August 2016, the Company granted a new unsecured short-term loan to Particle with a principal amount of US$14.8 million (RMB98.1 million) at an interest rate of 4.35% per annum and with a term of no more than six months (the “August 2016 Loan”). The Company has the right to convert, at the Company’s option, all or a portion of the August 2016 Loan (including principal and interests) into Series D1 preferred shares to be issued by Particle on or before maturity date at a conversion price of US$1.071803 per share. In December 2016, the Company extended the terms of the August 2016 Loan from six months to twelve months. In August 2017, the Company extended the term of the August 2016 Loan from twelve months to eighteen months. As of December 31, 2017, the carrying value of the August 2016 Loan was RMB102.6 million (US$15.8 million). |
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- Definition Convertible Loans Due from a Related Party [Abstract] No definition available.
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- Definition The entire disclosure of convertible loans due from a related party, which is short-term loans advanced to a related party of which the Group may at its option convert all or a portion into preferred shares. No definition available.
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Other Non-Current Assets |
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| Other Non-Current Assets |
11. Other Non-Current Assets
The following is a summary of other non-current assets (in thousands):
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- Definition Other non-current assets [Text Block] No definition available.
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- References No definition available.
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Accrued Expenses and Other Current Liabilities |
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| Accrued Expenses and Other Current Liabilities |
12. Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities are comprised of (in thousands):
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- Definition The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period. No definition available.
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- References No definition available.
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Short-term Bank Loans |
12 Months Ended |
|---|---|
Dec. 31, 2017 | |
| Short-term Bank Loans | |
| Short-term Bank Loans |
13. Short-term Bank Loans
In April 2015, the Group entered into a loan facility agreement (the “First Heng Seng Facility”) with Hang Seng Bank in Hong Kong. According to the First Heng Seng Facility, the Group was authorized certain amounts of loans with maturity of twelve months, and the loans were required to be secured by RMB deposits in an onshore branch of Hang Seng Bank. In April 2015, the Group obtained short-term bank loans of US$20.2 million (RMB123.6 million) from Hang Seng Bank under the First Heng Seng Facility. The loans were repayable within twelve months and bore interest rate of London Inter-Bank Offered Rate (“LIBOR”) plus 1.0%.
In April 2016, the Group entered into a new loan facility agreement (the “Second Heng Seng Facility”) with Hang Seng Bank to replace the First Facility. According to the Second Heng Seng Facility, the authorized amounts was increased and the term of the short-term bank loans of US$20.2 million borrowed in April 2015 under the First Heng Seng Facility was extended for another twelve months from the date of its maturity. Concurrent with the extension, the Group obtained additional US$10.0 million (RMB64.8 million) short-term bank loan with maturity of twelve months under the Second Heng Seng Facility. In July 2016, the Group obtained another US$14.8 million (RMB99.2 million) short-term bank loan with maturity of twelve months under the Second Heng Seng Facility.
In November 2016, the Group entered into another loan facility (the “Third Heng Seng Facility”) with Hang Seng Bank and obtained US$6.9 million (RMB46.7 million) short-term bank loan with maturity of twelve months under the Third Heng Seng Facility with an interest rate of LIBOR plus 1.0%. Also in November 2016, the Group re-designated US$ denominated loans of US$51.9 million into RMB denominated loans of RMB354.6 million under the aforementioned facilities with Hang Seng Bank. The Group repaid all of the principal and interests of short-term bank loans from Hang Seng Bank in 2017.
As of December 31, 2016 and 2017, the Group had total short-term bank loans of RMB354.6 million and nil from Heng Seng Bank, respectively, and these short-term bank loans were secured by bank deposits of RMB354.6 million and nil, respectively. The pledged deposits were classified as restricted cash on the consolidated balance sheets.
In April 2016, the Group entered into a loan facility agreement (the “First CMB Facility”) with China Merchants Bank with maturity of twelve months. In December 2016, the Group obtained unsecured short-term bank loans of RMB4.0 million with an interest rate of 4.35% per annum under the First CMB Facility.
In March 2017, the Group entered into a new loan facility agreement (the “Second CMB Facility”) with China Merchants Bank and obtained RMB208.0 million (US$32.0 million) short-term bank loan with an interest rate of 6.3% per annum under the Second CMB Facility with maturity of twelve months. In June 2017, the Group obtained RMB102.0 million (US$15.7 million) short-term bank loan with an interest rate of 5.7% per annum with maturity of twelve months under the Second CMB Facility. In October 2017, the Group obtained RMB50.0 million (US$7.7 million) short-term bank loan with an interest rate of 5.5% per annum with maturity of twelve months under the Second CMB Facility. In November 2017, the Group repaid short-term bank loan from China Merchants Bank with a principal amount of RMB30.0 million (US$4.6 million).
As of December 31, 2016 and 2017, the Group had total short-term bank loans of RMB4.0 million and RMB330.0 million (US$50.7 million) from China Merchants Bank, respectively, and these short-term bank loans were secured by bank deposits of nil and RMB336.7 million (US$51.8 million), respectively. The pledged deposits were classified as restricted cash on the consolidated balance sheets. |
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- References No definition available.
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- Definition The entire disclosure for short-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Cost of Revenues |
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| Cost of Revenues |
14. Cost of Revenues
The cost of revenues is as follows (in thousands):
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- Definition Cost of revenues disclosure [Text Block] No definition available.
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- References No definition available.
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Income Taxes |
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| Income Taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes |
15. Income Taxes
Income Tax Expense and Effective Tax Rate
The provisions for income tax expense are summarized as follows (in thousands):
The components of income before tax and income tax expense for PRC and non-PRC operations are as follows (in thousands):
Cayman Islands (“Cayman”)
Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gains. Additionally, upon payments of dividends to the shareholders, no Cayman Islands withholding tax will be imposed.
British Virgin Islands (“BVI”)
The Group is exempted from income tax on its foreign-derived income in the BVI. There are no withholding taxes in the BVI.
Hong Kong
Entities incorporated in Hong Kong are subject to the tax rate 16.5% on the estimated assessable profit arising in Hong Kong.
PRC
The PRC Corporate Income Taxes Law (“CIT Law”) generally applies an income tax rate of 25% to all enterprises, but grants preferential tax treatment to High and New Technology Enterprises (“HNTEs”) and Software Enterprises. Under these preferential tax treatments, HNTEs are entitled to an income tax rate of 15%, subject to a requirement that they re-apply for HNTE status every three years and Software Enterprises are entitled to an income tax exemption for two years beginning from its first profitable year and a 50% reduction to a rate of 12.5% for the subsequent three years.
Fenghuang On-line had been qualified as an HNTE in November 2014 and August 2017, respectively, and was entitled to a preferential tax rate of 15%. Therefore, Fenghuang On-line was subject to a 15% income tax rate for the years from 2015 to 2017 and would be subject to a 15% income tax rate from 2018 to 2019.
Tianying Jiuzhou resubmitted applications for qualification and was approved as an HNTE in 2014 and 2017, respectively, and therefore, Tianying Jiuzhou was subject to a 15% income tax rate from 2015 to 2017 and would be subject to a 15% income tax rate from 2018 to 2019.
In 2012, Fenghuang Yutian was qualified as a Software Enterprise. As 2013 was the first year Fenghuang Yutian generated taxable profit, it was exempted from income taxes for the years 2013 and 2014, and was subject to a 12.5% income tax rate from 2015 to 2017. In 2017, Fenghuang Yutian had been qualified as an HNTE, and therefore Fenghuang Yutian would be subject to a 15% income tax rate from 2018 to 2019.
In 2016, Fenghuang Borui was qualified as a Software Enterprise. As 2016 was the first year Fenghuang Borui generated taxable profit, it was exempted from income taxes for the years 2016 and 2017, and would be subject to a 12.5% income tax rate from 2018 to 2020.
All other PRC incorporated entities of the Group were subject to a 25% income tax rate for all the years presented.
The CIT Law also provides that an enterprise established under the laws of foreign countries or regions but whose “de facto management body” is located in the PRC be treated as a resident enterprise for PRC tax purposes and consequently be subject to the PRC income tax at the rate of 25% for its global income. On April 22, 2009, the State Administration of Taxation (“SAT”) issued a circular, known as Circular 82, which provides certain specific criteria for determining whether the “de facto management body” of a PRC-controlled enterprise that is incorporated offshore is located in China. Under Circular 82, an offshore incorporated enterprise controlled by a PRC enterprise or a PRC enterprise group will be regarded as a PRC tax resident by virtue of having its “de facto management body” in China and will be subject to PRC enterprise income tax on its global income only if all of the following conditions are met: (i) the primary location of the day-to-day operational management is in the PRC; (ii) decisions relating to the enterprise’s financial and human resource matters are made or are subject to approval by organizations or personnel in the PRC; (iii) the enterprise’s primary assets, accounting books and records, company seals, and board and shareholder resolutions, are located or maintained in the PRC; and (iv) at least 50% of voting board members or senior executives habitually reside in the PRC. The Company and its offshore subsidiaries had not ever been treated as resident enterprises for PRC tax purposes.
Withholding Tax on Undistributed Dividends
The CIT Law imposes a 10% withholding income tax on dividends distributed by foreign invested enterprises in the PRC to their immediate holding companies outside the PRC. A lower withholding tax rate may be applied if there is a tax treaty between the PRC and the jurisdiction of the foreign holding company. A holding company in Hong Kong, for example, will be subject to a 5.0% withholding tax rate under an arrangement between the PRC and the Hong Kong Special Administrative Region on the “Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital,” if such holding company is considered a non-PRC resident enterprise and holds at least 25.0% of the equity interests in the PRC foreign invested enterprise distributing the dividends, subject to approval of the PRC local tax authority. However, if the Hong Kong holding company is not considered to be the beneficial owner of such dividends under applicable PRC tax regulations, such dividend will remain subject to a withholding tax rate of 10%.
The PRC subsidiaries, VIEs and subsidiaries of VIEs have not paid dividends in the past and do not have any present plans to declare and pay any dividends on the Company’s ordinary shares or ADSs in the near future and the Group currently intends to retain most, if not all, of its available funds and any future earnings to operate and expand the business. Accordingly, the Company does not intend to have its PRC subsidiaries distribute any undistributed profits of such subsidiaries to their direct overseas parent companies, but rather intends that such profits will be permanently reinvested in such subsidiaries to further expand their business in the PRC. As of December 31, 2017, the Company did not record any withholding tax on the retained earnings of its foreign invested enterprises in the PRC. Aggregate undistributed earnings of the Group’s entities located in the PRC that were available for distribution to the Company as of December 31, 2016 and 2017 were approximately RMB1,030.2 million and RMB1,119.4 million (US$172.0 million), respectively. The amounts of the unrecognized deferred tax liability on the permanently reinvested earnings were RMB103.0 million and RMB111.9 million (US$17.2 million) as of December 31, 2016 and 2017, respectively.
Reconciliation of the Differences between Statutory Tax Rate and the Effective Tax Rate for PRC Operations
Reconciliation of the differences between PRC statutory income tax rate and the Group’s effective income tax rate for PRC operations for the years ended December 31, 2015, 2016 and 2017 is as follows (in thousands):
The combined effects of the income tax exemption and other preferential tax benefits available to the Group are as follows (in thousands, except per share data):
Deferred Tax Assets and Liabilities
The tax effects of temporary differences that give rise to the deferred tax assets and liabilities balances as of December 31, 2016 and 2017 are as follows (in thousands):
––––––––––––––––––––––––––– *In 2017, the Company adopted the guidance of ASU 2015-17 issued by FASB in November 2015, which requires entities to present deferred tax assets and deferred tax liabilities as noncurrent in a classified balance sheet. Pursuant to the guidance, the Company retrospectively reclassified RMB54.3 million of deferred tax assets from current assets to noncurrent assets in the balance sheets as of December 31, 2016.
As of December 31, 2017, the Group had net operating loss of approximately RMB140.9 million (US$21.7 million), which can be carried forward to offset future taxable income. Net operating loss carry forward of RMB0.7 million, RMB4.9 million, RMB7.5 million, RMB52.5 million and RMB75.3 million will expire in 2018, 2019, 2020, 2021 and 2022, respectively, if not utilized.
Movement of Valuation Allowance
Valuation allowance is provided against deferred tax assets when the Group determines that it is more likely than not that the deferred tax assets will not be utilized in the future. In making such determination, the Group considered factors including future reversals of existing taxable temporary differences, future profitability, and tax planning strategies. Valuation allowance was provided for net operating loss carry forward because it was more likely than not that such deferred tax assets will not be realized based on the Group’s estimate of its future taxable income.
The following table sets forth the movement of the valuation allowance for deferred tax assets (in thousands):
Uncertain Tax Positions
A reconciliation of the beginning and ending amount of liabilities associated with uncertain tax positions is as follows (in thousands):
The Group did not accrue any potential penalties and interest related to these uncertain tax positions for all years presented on the basis that the likelihood of penalties and interest being charged is not considered to be probable.
The amounts of uncertain tax positions listed above are based on the recognition and measurement criteria of ASC 740. However, due to the uncertain and complex application of tax regulations, it is possible that the ultimate resolution of uncertain tax positions may result in liabilities which could be materially different from these estimates. In such an event, the Group will record additional tax expense or tax benefit in the period in which such resolution occurs. The Group does not expect changes in uncertain tax positions recognized as of December 31, 2017 to be material in the next twelve months. In accordance with PRC Tax Administration Law on the Levying and Collection of Taxes, the PRC tax authorities generally have up to five years to claw back underpaid tax plus penalties and interest for PRC entities’ tax filings. In the case of tax evasion, which is not clearly defined in the law, there is no limitation on the tax years open for investigation. Accordingly, the PRC entities’ tax years from 2013 to 2017 remain subject to examination by tax authorities. There are no ongoing examinations by tax authorities as of December 31, 2017. |
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- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Ordinary Shares |
12 Months Ended |
|---|---|
Dec. 31, 2017 | |
| Ordinary Shares | |
| Ordinary Shares |
16. Ordinary Shares
The Company has Class A ordinary shares and Class B ordinary shares which are all at par value of US$0.01 each. Holders of Class A ordinary shares and Class B ordinary shares have the same rights except that holders of Class A ordinary shares are entitled to one vote per share, while holders of Class B ordinary shares are entitled to 1.3 votes per share. The Parent, which is wholly owned by Phoenix TV, holds Class B ordinary shares, each of which is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.
As of December 31, 2016, there were 254,909,790 and 317,325,360 Class A and Class B ordinary shares issued and outstanding, respectively. As of December 31, 2017, there were 260,001,486 and 317,325,360 Class A and Class B ordinary shares issued and outstanding, respectively. |
| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Share-based Compensation |
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| Share-based Compensation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based Compensation |
17. Share-based Compensation
Share-based compensation recognized in costs and expenses for the years ended December 31, 2015, 2016 and 2017 are as follows (in thousands):
The Company recognized share-based compensation, net of estimated forfeitures, on a graded-vesting basis over the vesting term of the awards. In 2016, the Company increased the forfeiture rate estimate for share-based awards based on the actual forfeiture rate. Due to the effects of changes to the forfeiture rate, share-based compensation for the year ended December 31, 2016 was reduced by RMB27.6 million. There was no income tax benefit recognized in the consolidated statements of comprehensive income for share-based compensation and the Company did not capitalize any of the share-based compensation as part of the cost of any asset in the years ended December 31, 2015, 2016 and 2017.
Share Options
In June 2008, the Company adopted the Share Option Scheme (the “June 2008 Scheme”) that provides for the granting of options to employees, directors and consultants to attract and retain the best available personnel and promote the success of the Group’s business. The June 2008 Scheme permits the grant of options to its eligible recipients for up to 10% of the ordinary shares in issue (the “Limit”) on the effective date of the June 2008 Scheme. The total number of ordinary shares which may be issued upon exercise of all outstanding options granted and yet to be exercised under the June 2008 Scheme and any other share option schemes of the Company shall not exceed 30% of the ordinary shares in issue from time to time. The Company may seek approval from its shareholders to refresh the Limit provided that the Limit as refreshed shall not exceed 10% of the ordinary shares of the Company in issue as at the date of approval, and options previously granted will not be counted for the purpose of calculating the Limit as refreshed. Any outstanding option lapse in accordance with the terms of the June 2008 Scheme will not be counted for the purpose of calculating the Limit. In August 2012, the Company’s shareholders approved to refresh the Limit, permitting the Company to grant no more than 31,410,107 additional options under the June 2008 Scheme.
The June 2008 Scheme will terminate automatically 10 years after its adoption, unless terminated earlier with the Company’s shareholders’ approval. Option awards are granted with an exercise price determined by the board of directors. Those option awards vest over a period of four years and expire in ten years.
With the approvals of the board of directors and shareholders of the Company and Phoenix TV, the Company implemented an option exchange program from October 21, 2016 to November 1, 2016, whereby the Company’s directors, employees and consultants exchanged options to purchase 21,011,951 Class A ordinary shares of the Company granted under the Company’s June 2008 Scheme with various exercise prices greater than US$0.4823 per share (or US$3.8587 per ADS) for new options granted by the Company under the same plan with a new exercise price of US$0.4823 per share and a new vesting schedule that generally adds 12 months to each original vesting date, and the new options would vest no sooner than May 1, 2017. The Company accounted for the option exchange program as option modification and recognized the total incremental share-based compensation of RMB12.1 million, of which RMB2.7 million and RMB5.9 million (US$0.9 million) were recognized in the years ended December 31, 2016 and 2017, respectively.
The Company granted 1,720,000 share options to one non-employee in September 2017 for the content related consulting services provided by him, which would vest over a period of four years and expire in ten years with a grant-date fair value of US$0.4648 per share. The share-based awards to nonemployees are accounted for based on the fair value of the consideration received or the fair value of the award issued, whichever is more reliably measurable. The Company applies the guidance in ASC 505-50 to re-measure share options granted to non-employees based on the then-current fair value at each reporting date until the service has been provided and the performance targets have been met.
A summary of the Company’s share option activities for the years ended December 31, 2015, 2016 and 2017 is presented below:
The aggregate intrinsic value of options outstanding, exercisable and vested and expected to vest as of December 31, 2017 was calculated as the difference between the Company’s closing stock price of US$6.49 per ADS, or US$0.8113 per share as of that date, and the exercise price of the underlying options. The aggregate intrinsic value of options exercised was calculated as the difference between the market value on the date of exercise and the exercise price of the underlying options.
As disclosed in Note 2(t), the Company’s share-based compensation is measured at the value of the award as calculated under the Black-Scholes option pricing model. The Company estimated the expected volatility at the date of grant based on average annualized standard deviation of the share price of comparable listed companies. The Company has no history or expectation of paying dividends on its ordinary shares. The Company estimated the expected term based on the vesting schedule and the exercise period of the options. Risk-free interest rates are based on the derived market yield of the US$ denominated Chinese government bonds for the term approximating the expected life of award at the time of grant. The assumptions used in determining the fair value of options granted during the years ended December 31, 2015, 2016 and 2017 are as follows:
The weighted-average grant date fair value of options granted for the years ended December 31, 2015, 2016 and 2017 were US$0.46, US$0.23 and US$0.48, respectively.
During 2009, 2010 and 2011, some employees voluntarily left the Company and exercised their vested share options in exchange for future entitlement of the Company’s shares issuable after completion of the Company’s IPO and upon the request of the former employees. The proceeds from the exercise of these options could not be refunded to the former employees in any event, even if the Company did not complete an IPO. Accordingly, these share options are considered have been exercised and the proceeds have been included in the additional paid-in capital of the Company. The proceeds received from exercise of these options amounted to RMB1.5 million (US$0.2 million) as of December 31, 2017. The Company completed its IPO on May 17, 2011 and 5,026,615 shares have been issued to the former employees after that. There were 1,692,526 and 1,685,776 contingently issuable shares to be issued upon the former employees’ request as of December 31, 2016 and 2017, respectively.
For the years ended December 31, 2015, 2016 and 2017, the Company recognized share-based compensation net of forfeitures for options of RMB34.4 million, RMB1.9 million and RMB20.9 million (US$3.2 million), respectively.
As of December 31, 2017, there was RMB16.2 million (US$2.5 million) of unrecognized share-based compensation for options, adjusted for estimated forfeitures. The unrecognized share-based compensation is expected to be recognized over a weighted-average period of 2.7 years.
Restricted Share Units
In March 2011, the Company adopted the 2011 restricted share and restricted share unit scheme. On March 17, 2011, the Company granted 10,050,958 restricted share units to the employees. Those restricted share units vested over a period of four years and all had been vested by 2015.
A summary of restricted share units activity for the year ended December 31, 2015 is presented below:
For the years ended December 31, 2015, 2016 and 2017, total share-based compensation recognized for restricted share units were RMB1.0 million, nil and nil, respectively.
As of December 31, 2016 and 2017, there was no unrecognized share-based compensation related to unvested restricted share units. The total fair value based on the respective vesting dates of the restricted share units vested were US$0.03 million, nil and nil during the years ended December 31, 2015, 2016 and 2017, respectively. |
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| X | ||||||||||
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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Segments |
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| Segments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segments |
18. Segments
The Group currently operates in two principal operating segments: net advertising services and paid services. Information provided to the CODM is at the gross margin level. The Group currently does not allocate operating expenses or assets to its segments, as its CODM does not use such information to allocate resources to or evaluate the performance of the operating segments.
The following table presents summarized information by segments (in thousands):
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements |
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| Fair Value Measurements |
19. Fair Value Measurements
The following table sets forth the financial instruments, measured at fair value, by level within the fair value hierarchy (in thousands):
The following table sets forth the reconciliation of the fair value measurements of available-for-sale investments using significant unobservable inputs (level 3) from January 1, 2016 to December 31, 2017 (in thousands):
Restricted cash The Group’s restricted cash represents guarantee of banking facility which is restricted to withdrawal or usage. The fair values of restricted cash are determined based on the pervasive interest rate in the market. The Group classifies the valuation techniques that use the pervasive interest rates input as Level 1 of fair value measurement.
Term deposits The fair values of term deposits placed with banks with original maturity of more than three months and up to one year are determined based on the pervasive interest rates in market as stated in the contracts with the banks. The Group classifies the valuation techniques that use the interest rates input as Level 1 of fair value measurement.
Short term investments Short term investments represent interest-bearing deposit placed with financial institutions which are restricted to withdrawal and use. The investments are issued by commercial bank in the PRC with a variable interest rate indexed to performance of underlying assets. To estimate fair value, the Group refers to the quoted rate of return provided by banks at the end of each period using the discounted cash flow method. The Group classifies the valuation techniques that use these inputs as Level 2 of fair value measurements.
Available-for-sale investments Available-for-sale investments represent the investments of convertible redeemable preferred shares in Particle. In accordance with ASC 820, the Group measures available-for-sale investments at fair value on a recurring basis. The fair values of the Group’s available-for-sale investments are determined based on the discounted cash flow model using the discount curve of market interest rates. The Group classifies the valuation techniques that use unobservable inputs as Level 3 of fair value measurements.
The key inputs used in valuation of available-for-sale investments as of December 31, 2016 and 2017 were as follow:
The following are other financial instruments not measured at fair value in the balance sheets but for which the fair value is estimated for disclosure purposes.
Short-term receivables and payables Accounts receivable, prepayment and other current assets, and amounts due from related parties are financial assets with carrying values that approximate fair value due to their short term nature. Accounts payable, amounts due to related parties, salary and welfare payable, and accrued expenses and other current liabilities are financial liabilities with carrying values that approximate fair value due to their short term nature.
Convertible loans due from a related party Convertible loans due from a related party represent short-term loans advanced to a related party of which the Group may at its option convert all or a portion into preferred shares. The fair value of the convertible loans due from a related party was based on the discounted cash flow model. As of December 31, 2016 and 2017, the estimated fair value of convertible loans was US$15.8 million and US$17.3 million (RMB112.6 million), respectively. The Group classifies the valuation techniques that use unobservable inputs as Level 3 of fair value measurements. The key inputs used in the valuation of convertible loans due from a related party were the same as the key inputs in the valuation of available-for-sale investments.
Other non-current assets Other non-current assets are financial assets with carrying values that approximate fair value due to the change in fair value after considering the discount rate, being immaterial. The Group estimated fair values of other non-current assets using the discounted cash flow method. The Group classifies the valuation technique as Level 3 of fair value measurement, as it uses estimated cash flow input which is unobservable in the market.
Short-term bank loans The carrying value of the short-term bank loans approximates its fair value due to its short term nature. The rate of interest under the loan agreement with the lending bank was determined based on the prevailing interest rates in the market. The Group estimated the fair value of the short-term bank loans using the discounted cash flow methodology. The Group classifies the valuation techniques that use these inputs as Level 2 of fair value measurements. |
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Net Income per Share |
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| Net Income per Share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income per Share |
20. Net Income per Share
The following table sets forth the computation of basic and diluted net income per share for the years indicated (amounts in thousands, except for number of shares (or ADSs) and per share (or ADS) data):
The Company has included 2,189,299, 2,222,593 and 1,690,621 contingently issuable shares in the denominator used in computing basic and diluted net income per share for the years ended December 31, 2015, 2016 and 2017, respectively. These shares are contingently issuable upon the holders’ request without other substantive conditions and for no further consideration. There were 29,572,888, 30,953,329 and 2,223,005 options to purchase ordinary shares have been excluded from the computation of diluted net income per share for the years ended December 31, 2015, 2016 and 2017, respectively, as their effects would be anti-dilutive. |
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- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Treasury Stock |
12 Months Ended |
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Dec. 31, 2017 | |
| Treasury Stock | |
| Treasury Stock |
21. Treasury Stock
In May 2014, the Company’s board of directors approved a new share repurchase program (“New Share Repurchases Program”), under which the Company was authorized to repurchase up to US$50.0 million worth of its outstanding ADSs for a period not to exceed twelve months.
As of December 31, 2015, the Company had completed the New Share Repurchases Program and repurchased 5,368,144 ADSs from the open market for a total consideration of US$50.0 million (RMB307.2 million). All treasury stocks repurchased were cancelled for an aggregate consideration of US$50.3 million (RMB308.9 million) including cancellation fees of US$0.3 million (RMB1.7 million) in 2015. |
| X | ||||||||||
- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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Commitments and Contingencies |
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| Commitments and Contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies |
22. Commitments and Contingencies
(a) Commitments
As of December 31, 2017, future minimum commitments under non-cancelable agreements were as follows (in thousands):
The amounts of cooperation with Phoenix TV Group are calculated according to the New Agreements (see Note 2(a)).
The rental expenses were approximately RMB41.1 million, RMB39.4 million and RMB37.0 million (US$5.7 million) during the years ended December 31, 2015, 2016 and 2017, respectively, and were charged to the consolidated statements of comprehensive income when incurred.
The Group did not have any significant capital and other commitments, long-term obligations, or guarantees as of December 31, 2016 and 2017.
(b) Litigation
From time to time, the Group is involved in claims and legal proceedings that arise in the ordinary course of business. The Group is currently a party to certain legal proceedings and claims which in the opinion of the Company’s management, adequate provisions have been recorded to cover the probable loss of those that can be reasonably estimated, while other claims are considered would not have material adverse effect, individually or in the aggregate, on the Group’s financial position, results of operations or cash flows.
In relation to one of the claims in 2016 about the infringement of copyright and unauthorized selling on the Group’s website and mobile applications for a piece of literature work, the related claim for damage was approximately RMB235.8 million, however, the actual income the Group generated from such literature work was less than RMB1,500. This claim was withdrawn by the plaintiffs in January 2018. In April 2018, the Group received notices from the local court that the plaintiffs have filed a lawsuit against it again for the same claim, with the related claim for damages reduced to approximately RMB99.8 million. As of the date of this annual report, this case is still pending. As litigation is subject to inherent uncertainties and this case is at its preliminary stage, and based on the legal advice, the Group is currently unable to make an estimation of the amount of the reasonably possible loss or range of possible loss, if any. However, the Group’s view of these matters may change in the future and will review the need for any such liability on a regular basis.
Litigation is subject to inherent uncertainties and the Group’s view of these matters may change in the future. There exists the possibility of a material adverse impact on the Group’s financial position, results of operations or cash flows for the period in which the unfavorable outcome occurs, and potentially in future periods.
(c) Long-term Liabilities for Uncertain Tax Positions
As mentioned in Note 15, as of December 31, 2016 and 2017, the Group had recorded uncertain tax positions of RMB21.7 million and RMB24.7 million (US$3.8 million), respectively. |
| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Related Party Transactions |
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| Related Party Transactions |
23. Related Party Transactions
The table below sets forth the major related parties and their relationships with the Group:
In addition to those disclosed elsewhere in the financial statements, the Group had the following significant related party transactions during the years ended December 31, 2015, 2016 and 2017 (in thousands):
Transactions with the Non US Listed Part of Phoenix TV Group:
Transactions with CMCC:
Transactions with Investees:
As of December 31, 2016 and 2017, the amounts due from and due to related parties were as follows (in thousands):
The amounts due from Phoenix TV Group represent accounts receivable from Phoenix TV Group for the advertising services provided to its customers, and the amounts due to Phoenix TV Group represent resources or services provided by Phoenix TV Group, expenses paid by Phoenix TV Group on behalf of the Group, and expenses charged by Phoenix TV Group under the cooperation agreements (see Note 2 (a)).
Considering the doubts on the collection of receivable, the Group made bad debt provision to receivable from Tianbo with a total amount of RMB14.7 million (US$2.3 million) and bad debt provision to receivable from Lilita with a total amount of RMB1.0 million (US$0.2 million) in 2017, which were reduced from amounts due from related parties.
The Group granted a US$6.8 million (RMB45.9 million) loan to Particle in November 2016 at an interest rate of 9% per annum and with a term of six months (the “November 2016 Loan”). In December 2016, the Group revised and extended the term of the November 2016 Loan from six months to twelve months. In January 2017, the Group granted another unsecured RMB74.0 million (US$10.8 million) loan to Particle at an interest rate of 9.0% per annum and with maturity of twelve months (the “January 2017 Loan”). In November 2017, Particle repaid all of the principal and interests of the November 2016 Loan. As of December 31, 2016 and 2017, the carrying value of the loans granted to Particle recorded in amounts due from related parties was RMB47.8 million and RMB80.4 million (US$12.4 million), respectively.
For the years ended December 31, 2016 and 2017, total interest income arising from loans provided to Particle, convertible loans due from Particle and bank interest expenses incurred by the Company but borne by Particle was RMB9.1 million and RMB23.1 million (US$3.5 million), respectively. |
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Restricted Net Assets |
12 Months Ended |
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Dec. 31, 2017 | |
| Restricted Net Assets | |
| Restricted Net Assets |
24. Restricted Net Assets
Relevant PRC laws and regulations permit payments of dividends by the Company’s subsidiaries, the VIEs and the subsidiaries of the VIEs incorporated in the PRC only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. In addition, the Company’s subsidiaries, the VIEs and the subsidiaries of the VIEs incorporated in the PRC are required to annually appropriate 10% of their net after-tax income to the general reserve fund or the statutory surplus fund prior to payment of any dividends, unless such reserve funds have reached 50% of their respective registered capital. As a result of these and other restrictions under PRC laws and regulations, and in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), General Notes to Financial Statements , the Company’s subsidiaries, the VIEs and the subsidiaries of the VIEs incorporated in the PRC are restricted in their ability to transfer a portion of their net assets to the Company either in the form of dividends, loans or advances, which the restricted portion amounted to approximately RMB551.8 million and RMB554.3 million (US$85.2 million) as of December 31, 2016 and 2017, respectively. Even though the Company currently does not require any such dividends, loans or advances from the PRC entities for working capital and other funding purposes, the Company may in the future require additional cash resources from them due to changes in business conditions, to fund future acquisitions and development, or merely to declare and pay dividends or distributions to the Company’s shareholders. Except for the above, there is no other restriction on use of proceeds generated by the Company’s subsidiaries, the VIEs and the subsidiaries of the VIEs to satisfy any obligations of the Company.
The Company performed a test on the restricted net assets of the Company’s subsidiaries, the VIEs and the subsidiaries of the VIEs in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), General Notes to Financial Statements and concluded that it was applicable for the Company to disclose its condensed financial information for the year ended December 31, 2017. For the purposes of presenting the Company’s separate financial information, the Company records its investments in its subsidiaries and VIEs under the equity method of accounting. Such investments are presented on the separate condensed balance sheets of the Company as “Investments using equity accounting” and “Share of profit of investments using equity accounting, including impairments” in the condensed statements of comprehensive income. See Note 26 for the Company’s information. |
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- Definition Restricted net assets [Abstract] No definition available.
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- Definition The entire disclosure for assets that are restricted in their use, generally by contractual agreements or regulatory requirements. This would include, but not limited to, a description of the restricted assets and the terms of the restriction. No definition available.
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Subsequent Events |
12 Months Ended |
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Dec. 31, 2017 | |
| Subsequent Events | |
| Subsequent Events |
25. Subsequent Events
In January 2018, the Company’s board of directors authorized to extend the terms of two loans previously granted to Particle by six months, while the other terms and conditions would remain the same. One of the two loans was the August 2016 Loan (see Note 10), which will mature in August 2018 after the extension, and the other loan was the January 2017 Loan (see Note 23), which will mature in July 2018 after the extension. The expiration date of the Company’s right to convert all or a portion of the August 2016 Loan (including principal and interests) into Series D1 preferred shares to be issued by Particle has also been extended to August 9, 2018.
In April 2018, the Company announced a loan assignment agreement among the Company, Particle and Long De Cheng Zhang Culture Communication (Tianjin) Co., Ltd. (“Long De”), pursuant to which the Company would assign to Long De or its designated affiliates the Company’s rights under the August 2016 Loan and Long De or its affiliates should pay the Company an assignment price of approximately US$17.0 million. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Additional Information - Condensed Financial Statements of the Company |
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| Additional Information - Condensed Financial Statements of the Company | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Additional Information - Condensed Financial Statements of the Company | 26. Additional Information - Condensed Financial Statements of the Company
The condensed financial statements of Phoenix New Media Limited have been prepared in accordance with SEC Regulation S-X Rule 5-04 and Rule 12-04.
The Company records its investments in subsidiaries and VIEs under the equity method of accounting. Such investments are presented on the balance sheets as “Investments using equity accounting”, and the profit of subsidiaries and VIEs is presented as “Share of profit of investments using equity accounting, including impairments” in the statement of comprehensive income.
As of December 31, 2016 and 2017, there were no material contingencies, significant provisions for long-term obligations, or guarantees of the Company, except for those, if any, which have been separately disclosed in the consolidated financial statements.
Phoenix New Media Limited Condensed Financial Information of the Company Balance Sheets (Amounts in thousands, except for number of shares and per share data)
Phoenix New Media Limited Condensed Financial Information of the Company Statements of Comprehensive Income (Amounts in thousands)
Phoenix New Media Limited Condensed Financial Information of the Company Statements of Cash Flows (Amounts in thousands)
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Principal Accounting Policies (Policies) |
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| Basis of presentation, principles of consolidation, recognition of noncontrolling interests and cost allocations |
(a) Basis of presentation, principles of consolidation, recognition of noncontrolling interests and cost allocations
The consolidated financial statements include the financial statements of the Company, its subsidiaries, its VIEs and the subsidiaries of the VIEs. The consolidated financial statements have been prepared in accordance with U.S. GAAP and on a going concern basis. All significant transactions and balances among the Company, its subsidiaries, its VIEs and the subsidiaries of the VIEs have been eliminated upon consolidation. The Company consolidates the VIEs as required by Accounting Standards Codification (“ASC”) 810 Consolidation , because Fenghuang On-line and Qieyiyou hold all the variable interests of the VIEs and have been determined to be the primary beneficiaries of the VIEs (see Note 1).
The Group and Phoenix TV Group have engaged in various mutual cooperation activities in content, branding, promotions, technical support and corporate management. The Group entered into a cooperation agreement (“Agreement”) with Phoenix TV which stipulates the costs and expenses charged to the Group related to content and other services provided by Phoenix TV Group. Based on the Agreement, the Group paid to Phoenix TV Group 50% of the after-tax revenues earned from sublicensing Phoenix TV Group’s video content to third parties, plus a fixed amount of payment to cover other services provided by Phoenix TV Group. The fixed amount was RMB1.6 million for the first year of the Agreement, and increased by 25% annually. The Agreement was effective as of January 1, 2010 and expired on May 27, 2016. The Group and Phoenix TV Group entered into a new set of agreements (“New Agreements”), effective as of May 27, 2016 and will expire on May 26, 2019, to amend and replace the previous Agreement and provide the terms of continued cooperation. The fees payable to Phoenix TV Group by the Group are RMB10.0 million for the first year of the New Agreements, which will incrementally increase by 15% for each subsequent year of the New Agreements. Unlike the Agreement, the New Agreements do not grant the Group the right to sublicense Phoenix TV Group’s copyrighted content to third parties. As such, the Group does not incur such revenue sharing fee to Phoenix TV Group accordingly. The Group and Phoenix TV Group entered into new trademark license agreements in December 2017, which became effective on December 8, 2017 and will expire on December 7, 2020. These agreements no longer allow the Group to use the double-phoenix logo of Phoenix TV Group on a stand-alone basis and have increased the annual license fee payable to Phoenix TV Group from a total of US$10,000 to the greater of 2% of the annual revenues of Tianying Jiuzhou and Yifeng Lianhe or US$100,000 for each company.
Apart from the above cooperation agreements, Phoenix TV Group also paid certain expenses on behalf of the Group, such as data line usage and other general and administrative expenses, which the Group needed to settle with Phoenix TV Group based on the actual amount, and were recorded in the consolidated statements of comprehensive income. |
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| Use of estimates |
(b) Use of estimates
The preparation of the Group’s consolidated financial statements in conformity with the U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from such estimates. These estimates and assumptions include, but are not limited to, the accounting for advertising and paid services revenues, the determination of estimated selling prices of multiple elements revenues contract, accounting for income taxes and uncertain tax positions, allowance for doubtful accounts, share-based compensation, consolidation, foreign currency translation, determination of the estimated useful lives of property and equipment and intangible assets, assessment of impairment of long-lived assets and equity investments, and determination of the fair value of financial instruments. |
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| Foreign currency translation |
(c) Foreign currency translation
The Group uses Renminbi (“RMB”) as its reporting currency. The Company’s operations in the PRC and in international regions use their respective currencies as their functional currencies. In the consolidated financial statements, the financial information of the Company and its subsidiaries, which use US$ or HK$ as their functional currency, have been translated into RMB at the exchange rates quoted by the People’s Bank of China (the “PBOC”). Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at historical exchange rates, and revenues, expenses, gains, and losses are translated using the average rate for the period. Translation adjustments arising from these are reported as foreign currency translation adjustments and have been shown as a component of other comprehensive loss or income in the consolidated statements of shareholders’ equity and the consolidated statements of comprehensive income.
Foreign currency transactions denominated in currencies other than functional currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are remeasured at the applicable rates of exchange in effect at that date. Foreign currency exchange gain or loss resulting from the settlement of such transactions and from remeasurement at period-end is recognized in foreign currency exchange gain or loss in the consolidated statements of comprehensive income. |
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| Convenience translation |
(d) Convenience translation
Translations of amounts from RMB into US$ for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB6.5063 on December 29, 2017 as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate. |
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| Fair value of financial instruments |
(e) Fair value of financial instruments
U.S. GAAP establishes a three-tier hierarchy to prioritize the inputs used in the valuation methodologies in measuring the fair value of financial instruments. This hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three-tier fair value hierarchy is:
Level 1— Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets
Level 2— Include other inputs that are directly or indirectly observable in the marketplace
Level 3— Unobservable inputs which are supported by little or no market activity
U.S. GAAP describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. When available, the Group uses quoted market prices to determine the fair value of an asset or liability. If quoted market prices are not available, the Group will measure fair value using valuation techniques that use, when possible, current market-based or independently sourced market parameters, such as interest rates and currency rates. All financial assets and liabilities are recognized or disclosed at fair value in the consolidated financial statements on a recurring basis.
The Group’s financial instruments include cash equivalents, term deposits, short term investments, restricted cash, accounts receivable, amounts due from related parties, prepayments and other current assets, convertible loans due from a related party, available-for-sale investments, accounts payable, amounts due to related parties, salary and welfare payable, accrued expense, short-term bank loans and other current liabilities and other non-current assets. Refer to Note 19 for details. |
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| Cash and cash equivalents |
(f) Cash and cash equivalents
Cash and cash equivalents represent cash on hand, demand deposits, time deposits and highly liquid investments placed with banks or other financial institutions, which are unrestricted to withdrawal or use, and which have original maturities of three months or less. |
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| Term deposits, short term investments |
(g) Term deposits, short term investments
Term deposits represent term deposits placed with banks with original maturities of more than three months and up to one year.
Short term investments represent investments in financial instruments with a variable interest rate indexed to performance of underlying assets and investments that the Group has positive intent and ability to hold to maturity, all of which are with original maturity of less than 12 months.
In accordance with ASC 825, for investments in financial instruments with a variable interest rate indexed to performance of underlying assets, the Group elected the fair value method at the date of initial recognition and carried these investments at fair value. Fair value is estimated based on quoted prices of similar products provided by banks at the end of each period. The Group classifies the valuation techniques that use these inputs as Level 2 of fair value measurements. Please see Note 19 for additional information. |
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| Restricted cash |
(h) Restricted cash
Restricted cash represents deposits placed as guarantee of banking facility which are restricted to withdrawal or usage. |
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| Accounts receivable, net |
(i) Accounts receivable, net
The carrying value of accounts receivable is reduced by an allowance that reflects the Group’s best estimate of the amounts that will not be collected. Many factors are considered in estimating the general allowance, including but not limited to reviewing accounts receivable balances, historical bad debt rates, aging analysis, customer credit worthiness and industry trend analysis. The Group also makes the specific allowance if there is evidence showing that the receivable is unlikely to be collected. Accounts receivable balances are written off against the allowance when they are determined to be uncollectible. Refer to Note 4 for details. |
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| Convertible loans due from a related party |
(j) Convertible loans due from a related party
Convertible loans due from a related party represent short-term loans advanced to a related party of which the Group may at its option convert all or a portion into preferred shares. The Group has determined that the convertible loans are not within the scope ASC 320 Investment — debt and equity securities and it is accounted for under ASC 310 Receivables. The conversion features were considered as embedded derivatives that do not meet the criteria to be bifurcated under ASC 815-15-25-1 and were accounted for in a similar method as for the short-term loans advanced to a related party. The Group accounts for the convertible loans due from a related party at an amortized cost basis after deduction of any other-than-temporary impairment loss and reviews for impairment on a regular basis. |
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| Property and equipment, net |
(k) Property and equipment, net
Property and equipment are stated at cost less accumulated depreciation and impairment. Property and equipment are depreciated over the following estimated useful lives on a straight-line basis:
Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of property and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated statements of comprehensive income. |
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| Intangible assets, net |
(l) Intangible assets, net
Intangible assets mainly consist of computer software purchased from unrelated third parties, operating rights for licensed games and an Internet domain name. Intangible assets are stated at cost less impairment and accumulated amortization, which is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are 5 years for computer software, 10 years for Internet domain names, and the estimated life cycle for licensed games. |
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| Available-for-sale investments |
(m) Available-for-sale investments
In accordance with ASC topic 320 Investments-Debt and Equity Securities, the Group classifies the investments in debt and equity securities as “held-to-maturity”, “trading” or “available-for-sale”, The securities that the Group has positive intent and ability to hold to maturity are classified as held-to-maturity securities. The securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities. Investments not classified as trading or as held-to-maturity are classified as available-for-sale investments. Available-for-sale investments are reported at fair value, which is estimated by management after considering an independent appraisal performed by a reputable appraisal firm, with unrealized gains and losses, if any, recorded in the accumulated other comprehensive loss or income in shareholder’s equity. Realized gains and losses are reflected in earnings during the year in which the gains and losses are realized. An impairment loss on the available-for-sale investments would be recognized in the consolidated statements of comprehensive income when the decline in value is determined to be other-than-temporary. Investments with maturities of greater than 12 months are recorded in non-current assets. |
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| Equity investments |
(n) Equity investments
Investments in entities in which the Group can exercise significant influence but does not own a majority equity interest or control are accounted for using the equity method of accounting in accordance with ASC topic 323 Investments-Equity Method and Joint Ventures. The Group adjusts the carrying amount of equity method investment for its share of the income or losses of the investee and reports the recognized income or losses in the consolidated statements of comprehensive income. The Group’s share of the income or losses of an investee are based on the shares of common stock and in-substance common stock held by the Group.
Investments in entities in which the Group does not have significant influence and which does not have readily determinable fair value are accounted for using the cost method of accounting in accordance with ASC subtopic 325-20 Investments-Other-Cost Method Investments.
An impairment loss on the equity investments is recognized in the consolidated statements of comprehensive income when the decline in value is determined to be other-than-temporary. |
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| Impairment of long-lived assets |
(o) Impairment of long-lived assets
Long-lived assets such as property and equipment and intangible assets are reviewed for impairment whenever events or changes in the circumstances indicate that the carrying value of an asset may not be recoverable. When these events occur, the Group assesses the recoverability of the long-lived assets by comparing the carrying amount to the estimated future undiscounted cash flows associated from the use of the asset and its eventual disposition, and recognize an impairment of long-lived assets when the carrying value of such assets exceeds the estimated future undiscounted cash flows such assets is expected to generate. If the Group identifies an impairment, the Group reduces the carrying amount of the assets group to its estimated fair value based on a discounted cash flow approach or, when available and appropriate, to comparable market values. |
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| Revenue recognition |
(p) Revenue recognition
Revenue is recognized when persuasive evidence of an arrangement exists, the price is fixed or determinable, service is performed and the collectability of the related fee is reasonably assured. In October 2009, the Financial Accounting Standards Board (the ‘‘FASB’’) issued Accounting Standards Update (“ASU”) 2009-13, Multiple Deliverable Revenue Arrangements, to address the accounting for multiple-deliverable arrangements. The Group has applied ASU 2009-13 to all revenue arrangements for all years presented in the financial statements.
(i)Net advertising revenues
Advertising revenues are derived principally from advertising arrangements where the advertisers pay to place their advertisements on the Group’s ifeng.com, mobile Internet website i.ifeng.com and its mobile applications in different formats over a particular period of time. Such formats generally include but are not limited to banners, news feed, text-links, videos, logos, buttons and rich media.
The majority of the Group’s advertising revenue arrangements involve multiple element deliverables, including placements of different advertisement formats on the Group’s PC websites, mobile applications and mobile websites over different periods of time. The Group breaks down the multiple element arrangements into single units of accounting when possible, and allocates total consideration to each single unit of accounting using the relative selling price method. For most deliverables in its multiple element arrangements, the Group uses management’s best estimate of the selling price in the allocation as the vendor-specific objective evidence or third-party evidence of selling price is not available for those deliverables. The best estimate of the selling price is determined based on the publicly published advertising rate card, times the relevant discount rates, which are taking into considerations of the historical trend, the pricing of advertising areas sold with similar popularities, advertisements with similar formats and quoted prices from competitors, and other relevant market conditions. The Group recognizes revenue on the elements delivered and defers the recognition of revenue for the estimated value of the undelivered elements until the remaining obligations have been satisfied. When all of the elements within an arrangement are delivered uniformly over the agreement period, the revenues are recognized on a straight-line basis over the contract period.
Currently the advertising business has three main types of pricing models, consisting of the Fixed Price model, the Cost Per Impression (“CPM”) model, and the Cost Per Click (“CPC”) model.
Fixed Price model
Under the Fixed Price model, advertisements on the Group’s PC websites, mobile applications and mobile websites are generally charged on the basis of duration, and advertising contractual arrangements are entered to establish the fixed price and the advertising services to be provided. Where collectability is reasonably assured, advertising revenues from advertising contractual arrangements are recognized ratably over the contract period of display.
CPM model
The CPM model refers to advertising bought on the basis of impression. This is in contrast to the various types of pay-for-performance advertising, whereby payment is only triggered by a mutually agreed upon activity (i.e. click-through, lead, sale).
CPC model
Under the CPC model, there is no overall fixed price for advertising services stated in the contract with the advertiser. The Group charges advertisers on a per-click basis when the users click on the advertisements. The unit price for each click is auction-based. The revenue is recognized based on qualified clicks and the corresponding unit price.
Agency service fees to third-party advertising agencies
The Group provides cash incentives in the form of agency service fees to certain third-party advertising agencies based on sales performance, and accounts for such incentives as a reduction item of revenues in accordance with ASC 605-50-25, Customer Payments and Incentives: Recognition. The Group has estimated and recorded RMB161.6 million, RMB169.6 million and RMB223.3 million (US$34.3 million) in agency service fees to third-party advertising agencies for the years ended December 31, 2015, 2016 and 2017, respectively.
Barter transactions
The Group enters into barter transactions involving advertising services and follows ASC 605-20, Revenue Recognition: Services. Revenues or expenses from barter transactions are recognized at fair value during the period in which the advertisements are provided only if the fair value of the advertising services surrendered in the transaction is determinable based on the entity’s own historical practice of receiving cash and cash equivalents, marketable securities, or other consideration that is readily convertible to a known amount of cash for similar advertising from buyers unrelated to the counterparty in the barter transaction. The Group did not recognize revenue and expenses for advertising-for-advertising barter transactions since the fair value of the advertising services surrendered or received in the transaction is not determinable for the years ended December 31, 2015, 2016 and 2017. Except for advertising-for-advertising barter transactions, the Group recognized revenue from barter transactions involving exchanging advertising services for content, technical, application pre-installation services and others amounted to RMB1.4 million, RMB2.8 million and RMB4.4 million (US$0.7 million) for the years ended December 31, 2015, 2016 and 2017, respectively.
(ii)Paid services revenues
The Group offers a wide variety of paid services primarily through mobile channel and operations with the telecom operators. Prior to 2016, the Group’s paid service revenues mainly comprised of the revenues generated from (a) mobile value-added services through telecom operators’ platforms (“MVAS”) and (b) games and others. Digital reading was previously classified under “games and others”. In order to align with the Group’s overall strategies, in 2016, digital reading was re-classified from “Games and others”, and digital reading together with MVAS was determined as “Digital entertainment”.
As such, effective in 2016, paid services revenues now comprise of (i) revenues from digital entertainment, which includes MVAS and digital reading, and (ii) revenues from games and others, which includes web-based games, mobile games, content sales, and other online and mobile paid services through the Group’s own platforms.
Digital entertainment
Digital Entertainment revenues mainly comprised revenues generated from MVAS and digital reading.
MVAS
MVAS revenues are derived from providing mobile phone users with mobile newspaper services, mobile game services delivered through the telecom operators’ platforms, mobile video services, wireless value-added services (“WVAS”) through telecom operators’ platforms. WVAS include short messaging services (“SMS”), multi-media messaging services (“MMS”), music services such as ring-back tone (“RBT”), interactive voice response (“IVR”) and animation services. Revenues from MVAS are charged on a monthly or per-usage basis, and are recognized in the period in which the service is performed, provided that no significant obligation remains, collection of the receivables is reasonably assured and the amounts can be accurately estimated.
The Group contracts with China Mobile Communication Corporation and its subsidiaries (“CMCC”), and to a lesser degree, with other mobile operators, for billing, collection and transmission services related to the MVAS offered to its users. The determination of whether to record these revenues using the gross or net method is based on an assessment of various factors; the primary factors are whether the Group is acting as the principal in offering services to the customer or as an agent in the transaction, and the specific requirement of each contract. CMCC is a related party of the Group (see Note 23).
Most revenues from mobile newspaper services, mobile video services and most WVAS are recorded on a net basis as the Group is acting as an agent of operators in these transactions. For most mobile game services delivered through telecom operators, the Group is responsible for providing desired services to the customers and has primary responsibility and broad discretion to establish price, therefore the Group is considered the primary obligor in these transactions, and revenues from these services are recorded on a gross basis.
Due to the time lag between when the services are rendered and when the operators’ billing statements are received, most MVAS revenues are estimated based on the Group’s internal billing records and transmissions for the month, adjusting for prior periods’ confirmation rates with operators and prior periods’ discrepancies between internally estimated revenues and actual revenues confirmed by operators. There was no significant difference between the Group’s estimates and the operators’ billing statements for all the years presented.
The Group also contracts with CMCC to provide news content and other services to CMCC. News content and other services are charged for fixed fees respectively. The revenues attributable to the news content are recognized on a straight-line basis over the periods in which the news content is provided. Revenues attributable to other services are recognized when the services are delivered.
Digital reading
Digital reading revenues are derived from providing fee-based internet literatures from writers and digital format books licensed from third-party publishers to customers on both of the Group’s PC and mobile platforms. Most revenues generated from digital reading are recorded on a gross basis and recognized evenly over the subscription period, or in the period in which a pay-per-view service is provided, as the Group is responsible for providing the desired services to the customers and has primary responsibility and broad discretion to establish price, therefore the Group is considered the primary obligor in these transactions.
Games and others
Games and others include web-based games, mobile games, content sales, and other online and mobile paid services through the Group’s own platforms. Revenues from these services are recognized over the periods in which the services are performed, provided that no significant obligations remain, collection of the receivables is reasonably assured and the amounts can be accurately estimated.
For web-based game services, all of the web-based games provided on the Group’s platforms are developed by third-party game developers and can be accessed and played by game players without downloading separate software. The Group primarily views the game developers to be its customers and considers its responsibility under its agreements with the game developers to be promotion of the game developers’ games. The Group collects payments from game players in connection with the sale of in-game virtual currencies and remits certain agreed-upon percentages of the proceeds to the game developers. Revenue from the sale of in-game virtual currency is recorded net of remittances to game developers and deferred until the estimated consumption date of the virtual items, which is within a short period of time, typically a few days, after purchase of the in-game virtual currency.
The Group also provides video programming through its online subscription and pay-per-view services to the customers. Revenues from these services, which are recorded on a gross basis, are recognized evenly over the subscription period, or in the period in which a pay-per-view service is provided.
The Group generates revenues from video content sales agreements for television programming mainly produced by Phoenix TV Group and content purchased from third parties. The video content sales agreements the Group enters into involve the transfer of non-exclusive broadcasting rights to other third-party websites or other Internet and mobile media companies for a definitive license period. In accordance with ASC 926-605, Entertainment-Films, Revenue Recognition, the Group recognizes revenues in respect of its video content sales arrangements when the following criteria are met: persuasive evidence of a video content sales arrangement with a customer exists, the content has been delivered or is available for immediate and unconditional delivery, the sublicense period of the arrangement has begun and the customer can begin its exhibition, the arrangement fee is fixed or determinable, and collection of the arrangement fee is reasonably assured. |
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| Cost of revenues |
(q) Cost of revenues
The Group’s cost of revenues consists primarily of (i) revenue sharing fees, including service fees retained by mobile telecommunications operators which are recognized as cost of revenues for revenues recorded on gross basis and revenue sharing fees paid to the Group’s channel and content partners, (ii) content and operational costs, including personnel-related cost associated with content production and certain advertisement sales support personnel, content procurement costs to third-party professional media companies and to Phoenix TV Group, direct costs related to in-house content production, channel testing costs, rental cost, depreciation and amortization and other miscellaneous costs, (iii) bandwidth costs, and (iv) sales taxes and surcharges, including value-added tax (“VAT”) and other surcharges.
On May 1, 2016, the transition from the imposition of Business Tax to the imposition of VAT was expanded to all industries in China, and all of Group’s revenues have been subject to VAT since that date. The Group is also subject to a cultural development fee on the provision of advertising services in the PRC and the applicable tax rate is 3% of the net advertising revenues.
The sales taxes and surcharges in cost of revenues for the years ended December 31, 2015, 2016 and 2017 were RMB122.5 million, RMB119.8 million and RMB133.2 million (US$20.5 million), respectively. |
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| Sales and marketing expenses |
(r) Sales and marketing expenses
Sales and marketing expenses comprise primarily of: (i) personnel-related expenses including sales commissions related to the sales and marketing personnel; (ii) advertising and promotion expenses including traffic acquisition expenses; and (iii) rental expense, depreciation and amortization expenses. The Group expenses advertising costs as incurred. Total advertising and promotion expenses including traffic acquisition expenses were RMB117.9 million, RMB160.1 million and RMB329.7 million (US$50.7 million), for the years ended December 31, 2015, 2016 and 2017, respectively. |
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| Technology and product development expenses |
(s) Technology and product development expenses
Technology and product development expenses mainly consist of: (i) personnel-related expenses associated with the development of, enhancement to, and maintenance of the Group’s PC websites, mobile applications and mobile websites; (ii) expenses associated with new technology and product development and enhancement; and (iii) rental expense and depreciation of servers. The Group expenses technology and product development expenses as incurred for all the years presented. |
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| Operating leases |
(t) Operating leases
Leases where substantially all the rewards and risks of ownership of assets remain with the lessor are accounted for as operating leases. Payments made under operating leases are charged to the consolidated statements of comprehensive income on a straight-line basis over the lease term. The Group normalizes rental expense on operating leases that involve rent concessions. |
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| Share-based compensation |
(u) Share-based compensation
The Company has incentive plans for the granting of share-based awards, including share options, restricted shares and restricted share units. The Company measures the cost of employee services received in exchange for share-based compensation at the grant date fair value of the award. The Company recognizes the share-based compensation as costs or expenses in the consolidated statements of comprehensive income, net of estimated forfeitures, on a graded-vesting basis over the vesting term of the awards.
The share-based awards to nonemployees are accounted for based on the fair value of the consideration received or the fair value of the award issued, whichever is more reliably measurable. Share-based compensation expense for share options granted to non-employees is measured at fair value at the earlier of the performance commitment date or the date service is completed and recognized over the period during which the service is provided. The Company applies the guidance in ASC 505-50 to re-measure share options granted to non-employees based on the then-current fair value at each reporting date until the service has been provided and the performance targets have been met.
Cancellation of an award accompanied by the grant of a replacement award is accounted for as a modification of the terms of the cancelled award (“modification awards”). The compensation costs associated with the modification awards are recognized if either the original vesting condition or the new vesting condition has been achieved. Such compensation costs cannot be less than the grant-date fair value of the original award. The incremental compensation cost is measured as the excess of the fair value of the replacement award over the fair value of the cancelled award at the cancellation date. Therefore, in relation to the modification awards, the Company recognizes share-based compensation over the vesting periods of the new awards, which comprises (i) the amortization of the incremental portion of share-based compensation over the remaining vesting term and (ii) any unrecognized compensation cost of original award, using either the original term or the new term, whichever is higher for each reporting period.
The Company adopts the Black-Scholes option pricing model to determine the fair value of share options, and determines the fair value of restricted share and restricted share units based on the fair value of the underlying ordinary shares at the grant date considering the dilutive effect of restricted share and restricted share units.
Forfeiture rates are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from initial estimates. The Group uses historical data to estimate pre-vesting option and restricted share unit forfeitures and record share-based compensation only for those awards that are expected to vest. Refer to Note 17 for further information regarding share-based compensation assumptions and expenses. |
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| Income taxes |
(v) Income taxes
Current income taxes are provided on the basis of net income for financial reporting purposes, adjusted for income and expense items which are not assessable or deductible for income tax purposes, in accordance with the regulations of the relevant tax jurisdictions. Deferred income taxes are provided using an asset and liability method. Under this method, deferred income taxes are recognized for the tax consequences of temporary differences by applying enacted statutory rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The tax base of an asset or liability is the amount attributed to that asset or liability for tax purpose. The effect on deferred taxes of a change in tax rates is recognized in the consolidated statements of comprehensive income in the period of change. A valuation allowance is provided to reduce the amount of deferred tax assets if it is considered more likely than not that some portion of, or all of the deferred tax assets will not be realized.
Uncertain tax positions
In order to assess uncertain tax positions, the Group applies a more likely than not threshold and a two-step approach for the tax position measurement and financial statement recognition. Under the two-step approach, the first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement. The Group did not have significant unrecognized uncertain tax positions or any unrecognized liabilities, interest or penalties associated with unrecognized tax benefit as of and for the years ended December 31, 2015, 2016 and 2017. Refer to Note 15 for details of the Group’s tax positions. |
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| Employee social security and welfare benefits |
(w) Employee social security and welfare benefits
The Company’s subsidiaries and consolidated VIEs in the PRC participate in a government-mandated multi-employer defined contribution plan pursuant to which certain retirement, medical and other welfare benefits are provided to employees. The relevant labor regulations require the Company’s subsidiaries and consolidated VIEs in the PRC to pay the local labor and social welfare authorities monthly contributions at a stated contribution rate based on the monthly basic compensation of qualified employees. The relevant local labor and social welfare authorities are responsible for meeting all retirement benefits obligations and the Company’s subsidiaries and consolidated VIEs in the PRC have no further commitments beyond their monthly contributions. The contributions to the plan are expensed as incurred. Employee social security and welfare benefits included as cost and expenses in the consolidated statements of comprehensive income were RMB75.6 million, RMB72.6 million and RMB79.4 million (US$12.2 million) for the years ended December 31, 2015, 2016 and 2017, respectively. |
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| Other income - Others, net |
(x) Other income — Others, net
Other income —Others, net mainly represent government subsidies which primarily consist of financial subsidies received from provincial and local governments for operating a business in their jurisdictions. Such income has been recognized when the grants are received and no further conditions need to be met. |
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| Statutory reserves |
(y) Statutory reserves
In accordance with the laws applicable to China’s Foreign Investment Enterprises, those of the Company’s China-based subsidiaries that are considered under PRC law to be a wholly foreign-owned enterprise are required to make appropriations from their 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 non-distributable reserve funds including (i) general reserve fund, (ii) enterprise expansion fund and (iii) 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 general reserve fund has reached 50% of the registered capital of the respective company. Appropriations to the other two reserve funds are at the respective companies’ discretion.
In accordance with the China Company Laws, those China-based subsidiaries of the Company that are considered under PRC law to be domestically funded enterprises, as well as the Company’s VIEs are required to make appropriations from their after-tax profit (as determined under PRC GAAP) to non-distributable reserve funds including (i) statutory surplus fund and (ii) discretionary surplus fund. The appropriation to the statutory surplus fund must be at least 10% of the after-tax profits calculated in accordance with PRC GAAP. Appropriation is not required if the statutory surplus fund has reached 50% of the registered capital of the respective company. Appropriation to the discretionary surplus fund is at the discretion of the respective company.
General reserve fund and statutory surplus fund are restricted for set off against losses, expansion of production and operation or increase in the registered capital of the respective company. The Group has made appropriations of RMB4.3 million, RMB7.6 million and RMB3.3 million (US$0.5 million) to these funds for the years ended December 31, 2015, 2016 and 2017, respectively. |
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| Related parties |
(z) Related parties
Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence, such as a family member or relative, shareholders, or a related corporation. |
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| Dividends |
(aa) Dividends
Dividends are recognized when declared. No dividends were declared for the years ended December 31, 2015, 2016 and 2017, respectively. The Group does not have any present plan to pay dividends in the foreseeable future. The Group currently intends to retain the available funds and future earnings to operate and expand its business. |
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| Net income per share |
(ab) Net income per share
The Group computes net income per Class A and Class B ordinary share in accordance with ASC 260-10, Earnings Per Share: Overall, using the two class method. Under the two-class method, net income is allocated between ordinary shares and other participating securities based on their participating rights. Net losses are not allocated to other participating securities if based on their contractual terms they are not obligated to share in the losses.
The liquidation and dividend rights of the holders of the Company’s Class A and Class B ordinary shares are identical, except with respect to voting. As the liquidation and dividend rights are identical, the net incomes are allocated on a proportionate basis.
Basic net income per share is computed by dividing net income attributable to ordinary shareholders by the weighted average number of ordinary shares and contingently issuable shares outstanding during the period except that it does not include unvested restricted shares or repurchased ordinary shares subject to cancellation.
Diluted net income per share is calculated by dividing net income attributable to ordinary shareholders, as adjusted for the effect of dilutive potential ordinary shares, if any, by the weighted average number of ordinary shares outstanding and dilutive potential ordinary shares during the period. Potential ordinary shares are excluded in the denominator of the diluted net income per share calculation if their effects would be anti-dilutive. |
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| Treasury stock |
(ac) Treasury stock
The Company accounted for those shares repurchased as treasury stock at cost in accordance with ASC 505-30, Treasury Stock, and is shown separately in the shareholders’ equity if the Company has not yet decided on the ultimate disposition of those shares acquired. When the Company decides to cancel the treasury stock, the difference between the original issuance price and the repurchase price is debited into additional paid-in capital. Refer to Note 21 for details. |
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| Comprehensive income |
(ad) Comprehensive income
Comprehensive income is defined as the change in equity of the Group during a period arising from transactions and other events and circumstances excluding transactions resulting from investments by shareholders and distributions to shareholders. Comprehensive income is reported in the consolidated statements of comprehensive income. Accumulated other comprehensive loss or income, as presented on the Group’s consolidated balance sheets, includes the foreign currency translation adjustment and fair value remeasurement for available-for-sale investments. |
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| Segment reporting |
(ae) Segment reporting
The Group’s segments are business units that offer different services and are reviewed separately by the chief operating decision maker (the “CODM”) in deciding how to allocate resources and in assessing performance. The Group’s CODM has been identified as the Chief Executive Officer. As the Group’s long-lived assets and revenues are substantially located in and derived from the PRC, no geographical segments are presented.
The Group’s organizational structure is based on a number of factors that the CODM uses to evaluate, view and run the Group’s business operations, which include, but are not limited to, customer base, homogeneity of products and technology. The Group’s operating segments are based on its organizational structure and information reviewed by the Group’s CODM to evaluate the operating segment results. |
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| Recent accounting pronouncements |
(af) Recent accounting pronouncements
Revenue from Contracts with Customers. In May 2014, the FASB issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance supersedes current guidance on revenue recognition in Topic 605: Revenue Recognition. The new revenue standard is effective beginning on January 1, 2018, and early adoption is permitted. The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective approach), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (the modified retrospective approach). The Group will adopt the new standard effective January 1, 2018, using the modified retrospective method. The cumulative effect of initially applying the guidance that will be recognized at the date of initial application is not expected to be material and the financial statements of prior periods will not be retrospectively adjusted. The Group has substantially completed the assessment and implementation work, and the main impact will be (1) the reclassification of sales taxes and surcharges from cost of revenues to a reduction of revenues, (2) revenues or expenses from some advertising barter transactions will be recognized beginning from January 1, 2018 in accordance with the new guidance, as the provision of Topic 605 exempting some advertising-for-advertising barter transactions, for which the fair value of the advertising services surrendered or received was not determinable, from being reported at fair value has been superseded. If presented net of sales taxes and surcharges, revenues for the year ended December 31, 2017 would have been approximately 8.5% lower than currently presented. Total revenues from advertising-for-advertising barter transactions not recognized in 2017 were RMB2.4 million (US$0.4 million), which would be recognized as revenues and increase the amount of revenues under Topic 606 beginning from January 1, 2018.
Recognition and Measurement of Financial Assets and Financial Liabilities. On January 5, 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. This amendment requires all equity investments to be measured at fair value, with changes in the fair value recognized through net income (other than those accounted for under equity method of accounting or those that result in consolidation of the investee). This standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Group will apply the new standard beginning January 1, 2018 and recognize the changes in fair value for all equity investments other than those accounted for under equity method of accounting measured at fair value through net income/(loss). For investments in equity securities lacking of readily determinable fair values, the Group will elect to use the measurement alternative defined as cost, less impairments, adjusted by observable price changes. The Group anticipates that the adoption of ASU 2016-01 will increase the volatility of its other income/(expense), net, as a result of the remeasurement of its equity securities upon the occurrence of observable price changes and impairments.
Leases. On February 25, 2016, the FASB issued ASU 2016-02, Leases. ASU 2016-02 specifies the accounting for leases. For operating leases, ASU 2016-02 requires a lessee to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, on a generally straight-line basis. In addition, this standard requires both lessees and lessors to disclose certain key information about lease transactions. ASU 2016-02 is effective for public companies for annual reporting periods, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. The Group is currently evaluating the impact of adopting this standard on its consolidated financial statements.
Financial Instruments-Credit Losses. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Group is currently evaluating the impact that the standard will have on its consolidated financial statements and related disclosures.
Statement of Cash Flows — Classification of Certain Cash Receipts and Cash Payments. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows — Classification of Certain Cash Receipts and Cash Payments, which clarifies the presentation and classification of certain cash receipts and cash payments in the statement of cash flows. This guidance is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Group does not expect this standard to have a material impact on its consolidated financial statements.
Statement of Cash Flows (Topic 230): Restricted Cash. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. The guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The standard is effective for fiscal years beginning after December 15, 2017, and interim period within those fiscal years and is applied retrospectively. The Group has early adopted this guidance retrospectively. Accordingly, the item “changes in restricted cash” previously included in investing activities in the consolidated statements of cash flows for the years ended December 31, 2015 and 2016 with an amount of RMB125.0 million and RMB229.6 million, respectively, had been removed from cash flows from investing activities and included in beginning and ending cash, cash equivalents and restricted cash balances retrospectively. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet that sum to the total of the same such amounts shown in the statement of cash flows (in thousands).
Business Combinations (Topic 805): Clarifying the Definition of a Business. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The standard should be applied prospectively on or after the effective date. The Group is currently evaluating the impact of adopting this standard prospectively upon any transactions of acquisitions or disposals of assets or businesses and does not expect this standard to have a material impact on its consolidated financial statements.
Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting. In May 2017, the FASB issued ASU 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting. The amendments in this Update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period. The guidance should be applied prospectively to an award modified on or after the adoption date. The Group is currently evaluating the impact of adopting this standard on its consolidated financial statements and does not expect this standard to have a material impact on its consolidated financial statements. |
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| X | ||||||||||
- Definition Disclosure of accounting policy for basis of presentation, principles of consolidation, and recognition of noncontrolling interests and cost allocations. No definition available.
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- Definition Disclosure of accounting policy for convenience translation. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for convertible loans due from a related party. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for dividends. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for employee social security and welfare benefits. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for other income - others, net. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for related parties. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for sales and marketing expenses. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for statutory reserves. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for term deposits and short-term investments. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for treasury stock. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for comprehensive income. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for recognition of costs in the period which correspond to the sales and revenue categories presented in the statement of operations. The accounting policy may include the amount and nature of costs incurred, provisions associated with inventories, purchase discounts, freight and other costs included in cost of sales incurred and recorded in the period. This disclosure also includes the nature of costs of sales incurred and recorded in the statement of operations for the period relating to transactions with related parties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for the equity method of accounting for investments in common stock or other interests including unconsolidated domestic subsidiaries, corporate joint ventures, noncontrolling interests in real estate ventures, limited partnerships, and limited liability companies. Additionally, this element describes the entity's application of the cost method to equity investments or other interests that are not consolidated or accounted for under the equity method of accounting. The disclosure provided may include how equity method or cost investments are assessed for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for the impairment and disposal of long-lived assets including goodwill and other intangible assets. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for finite-lived intangible assets. This accounting policy also might address: (1) the amortization method used; (2) the useful lives of such assets; and (3) how the entity assesses and measures impairment of such assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for leasing arrangement entered into by lessee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for investments in debt and equity securities that are classified as available-for-sale. This policy also may describe the entity's accounting treatment for transfers between investment categories, how the entity determines whether impairments of available-for-sale securities are other than temporary, and how the fair values of such securities are determined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for costs it has incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for segment reporting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for trade and other accounts receivables. This disclosure may include the basis at which such receivables are carried in the entity's statements of financial position (for example, net realizable value), how the entity determines the level of its allowance for doubtful accounts, when impairments, charge-offs or recoveries are recognized, and the entity's income recognition policies for such receivables, including its treatment of related fees and costs, its treatment of premiums, discounts or unearned income, when accrual of interest is discontinued, how the entity records payments received on nonaccrual receivables and its policy for resuming accrual of interest on such receivables. If the enterprise holds a large number of similar loans, disclosure may include the accounting policy for the anticipation of prepayments and significant assumptions underlying prepayment estimates for amortization of premiums, discounts, and nonrefundable fees and costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Organization and Principal Activities (Tables) |
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| Schedule of subsidiaries, VIEs and subsidiaries of VIEs |
The details of the subsidiaries, VIEs and the subsidiaries of the VIEs as of December 31, 2017 are set out below:
*In April, 2017, the name of “Beijing Fenghuang Interactive Entertainment Network Technology Co., Ltd.” was changed to “Beijing Fengyu Network Technology Co., Ltd.”. |
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| Schedule of summarized assets, liabilities, results of operations and cash flows of the consolidated VIEs |
The following tables set forth the summarized assets, liabilities, results of operations and cash flows of the consolidated VIEs (in thousands):
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| X | ||||||||||
- Definition Schedule of Subsidiaries, VIEs and Subsidiaries of VIEs [Table Text Block] No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Principal Accounting Policies (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Principal Accounting Policies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Estimated useful lives of property and equipment |
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| Reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet |
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet that sum to the total of the same such amounts shown in the statement of cash flows (in thousands).
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| X | ||||||||||
- Definition Property and equipment, estimated useful lives [Table Text Block] No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the components of cash, cash equivalents, restricted cash and cash equivalents. No definition available.
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| X | ||||||||||
- References No definition available.
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Accounts Receivable, Net (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Receivable, Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance of accounts receivable |
The following table sets out the balance of accounts receivable as of December 31, 2016 and 2017 (in thousands):
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| Movement of the allowance for doubtful accounts |
The following table presents the movement of the allowance for doubtful accounts (in thousands):
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| X | ||||||||||
- Definition Schedule of allowance for doubtful accounts receivable [Table Text Block] No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Prepayments and Other Current Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Prepayments and Other Current Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of prepayments and other current assets |
The following is a summary of prepayments and other current assets (in thousands):
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| X | ||||||||||
- Definition Schedule of prepayments and other current assets [Table Text Block] No definition available.
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| X | ||||||||||
- References No definition available.
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Property and Equipment, Net (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment, Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of property and equipment, net |
The following is a summary of property and equipment, net (in thousands):
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Intangible Assets, Net (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets, Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of intangible assets, net |
The following table summarizes the Group’s intangible assets, net (in thousands):
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Equity Investments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed financial information of equity method investments |
The Group summaries the condensed financial information of the Group’s equity method investments as a group below in accordance with Rule 4-08 of Regulation S-X (in thousands):
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| X | ||||||||||
- Definition Equity Investments [Abstract] No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other Non-Current Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Non-Current Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of other non-current assets |
The following is a summary of other non-current assets (in thousands):
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Accrued Expenses and Other Current Liabilities (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accrued Expenses and Other Current Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of accrued expenses and other current liabilities |
Accrued expenses and other current liabilities are comprised of (in thousands):
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| X | ||||||||||
- Definition Schedule of accrued expenses and other current liabilities [Table Text Block] No definition available.
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| X | ||||||||||
- References No definition available.
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Cost of Revenues (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of cost of revenues |
The cost of revenues is as follows (in thousands):
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| X | ||||||||||
- Definition Schedule of cost of revenues. No definition available.
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| X | ||||||||||
- References No definition available.
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Income Taxes (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of provisions for income tax expense |
The provisions for income tax expense are summarized as follows (in thousands):
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| Components of income before tax and income tax expense for PRC and non-PRC operations |
The components of income before tax and income tax expense for PRC and non-PRC operations are as follows (in thousands):
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| Reconciliation of the differences between PRC statutory income tax rate and the Group's effective income tax rate for PRC operations |
Reconciliation of the differences between PRC statutory income tax rate and the Group’s effective income tax rate for PRC operations for the years ended December 31, 2015, 2016 and 2017 is as follows (in thousands):
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| Combined effects of the income tax exemption and other preferential tax benefits |
The combined effects of the income tax exemption and other preferential tax benefits available to the Group are as follows (in thousands, except per share data):
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| Tax effects of temporary differences that give rise to deferred tax assets and liabilities |
The tax effects of temporary differences that give rise to the deferred tax assets and liabilities balances as of December 31, 2016 and 2017 are as follows (in thousands):
––––––––––––––––––––––––––– *In 2017, the Company adopted the guidance of ASU 2015-17 issued by FASB in November 2015, which requires entities to present deferred tax assets and deferred tax liabilities as noncurrent in a classified balance sheet. Pursuant to the guidance, the Company retrospectively reclassified RMB54.3 million of deferred tax assets from current assets to noncurrent assets in the balance sheets as of December 31, 2016. |
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| Movement of valuation allowance for deferred tax assets |
The following table sets forth the movement of the valuation allowance for deferred tax assets (in thousands):
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| Reconciliation of liabilities associated with uncertain tax positions |
A reconciliation of the beginning and ending amount of liabilities associated with uncertain tax positions is as follows (in thousands):
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the income tax exemptions and reductions which have been granted by taxing authorities for a specified period, applicable term of the exemptions and reductions, estimated dollar value of tax benefits, and per share benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Share-based Compensation (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based Compensation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based compensation recognized in costs and expenses |
Share-based compensation recognized in costs and expenses for the years ended December 31, 2015, 2016 and 2017 are as follows (in thousands):
|
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| Summary of share option activities |
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| Share options valuation assumption |
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| Summary of restricted share units activities |
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summarized information by segments |
The following table presents summarized information by segments (in thousands):
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| X | ||||||||||
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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Fair Value Measurements (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial instruments measured at fair value by level within the fair value hierarchy |
The following table sets forth the financial instruments, measured at fair value, by level within the fair value hierarchy (in thousands):
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| Reconciliation of the fair value measurements of available-for-sale investments using significant unobservable inputs (level 3) |
The following table sets forth the reconciliation of the fair value measurements of available-for-sale investments using significant unobservable inputs (level 3) from January 1, 2016 to December 31, 2017 (in thousands):
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| Key inputs used in valuation of available-for-sale investments |
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| X | ||||||||||
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Net Income per Share (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income per Share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Computation of basic and diluted net income per share |
The following table sets forth the computation of basic and diluted net income per share for the years indicated (amounts in thousands, except for number of shares (or ADSs) and per share (or ADS) data):
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Future minimum commitments under non-cancelable agreements |
As of December 31, 2017, future minimum commitments under non-cancelable agreements were as follows (in thousands):
|
| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of unconditional purchase obligations that are not recognized as a liability on the balance sheet, including the nature and significant terms of an unconditional purchase obligation; the amount of the fixed and determinable portion of the obligation as of the date of the latest balance sheet presented in the aggregate and, if determinable, for each of the five succeeding fiscal years; the nature of any variable components of the obligation; the amount purchased under the obligation (for example, the take-or-pay or throughput contract) for the reporting period; and may include the amount of imputed interest necessary to reduce the obligation to present value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Related Party Transactions (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transaction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Major related parties and their relationships with the Group |
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| Amounts due from and due to related parties |
As of December 31, 2016 and 2017, the amounts due from and due to related parties were as follows (in thousands):
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| Non US listed part of the Phoenix TV Group | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transaction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of related party transactions |
In addition to those disclosed elsewhere in the financial statements, the Group had the following significant related party transactions during the years ended December 31, 2015, 2016 and 2017 (in thousands):
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| CMCC | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transaction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of related party transactions |
In addition to those disclosed elsewhere in the financial statements, the Group had the following significant related party transactions during the years ended December 31, 2015, 2016 and 2017 (in thousands):
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| Investees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transaction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of related party transactions |
In addition to those disclosed elsewhere in the financial statements, the Group had the following significant related party transactions during the years ended December 31, 2015, 2016 and 2017 (in thousands):
|
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| X | ||||||||||
- Definition Schedule of amounts due from and due to related parties [Table Text Block] No definition available.
|
| X | ||||||||||
- Definition Schedule of major related parties and relationships with group [Table Text Block] No definition available.
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. No definition available.
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
Additional Information - Condensed Financial Statements of the Company (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Additional Information - Condensed Financial Statements of the Company | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed financial information of the Company, Balance Sheets |
Balance Sheets (Amounts in thousands, except for number of shares and per share data)
|
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| Condensed financial information of the Company, Statements of Comprehensive Income |
Statements of Comprehensive Income (Amounts in thousands)
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| Condensed financial information of the Company, Statements of Cash Flows |
Statements of Cash Flows (Amounts in thousands)
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Organization and Principal Activities (Details) |
Dec. 31, 2017
subsidiary
item
|
|---|---|
| Organization and Principal Activities | |
| Number of Subsidiaries | subsidiary | 14 |
| Number of VIE's | 4 |
| Number of subsidiaries of VIE's | 18 |
| X | ||||||||||
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Organization and Principal Activities - Details of subsidiaries, VIEs and subsidiaries of VIEs (Details) |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2017 | ||||
| Direct subsidiaries | Phoenix Satellite Television Information Limited | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | British Virgin Islands (“BVI”) | |||
| Date of Incorporation | Sep. 01, 1999 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Investment holding | |||
| Direct subsidiaries | Phoenix New Media (Hong Kong) Company Limited | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | Hong Kong | |||
| Date of Incorporation | Feb. 24, 2011 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Advertising | |||
| Direct subsidiaries | Phoenix New Media (Hong Kong) Information Technology Company Limited | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | Hong Kong | |||
| Date of Incorporation | Apr. 22, 2014 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Investment holding | |||
| Direct subsidiaries | I Game Limited | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | Cayman Island | |||
| Date of Incorporation | May 20, 2014 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Investment holding | |||
| Direct subsidiaries | Convergence Investment Co Ltd | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | Cayman Island | |||
| Date of Incorporation | Jul. 17, 2015 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Investment holding | |||
| Direct subsidiaries | Fengyu Limited | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | Cayman Island | |||
| Date of Incorporation | Nov. 14, 2017 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Investment holding | |||
| Indirect subsidiaries | Fenghuang On-line | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Dec. 20, 2005 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Technical consulting | |||
| Indirect subsidiaries | Fenghuang Yutian | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Jun. 15, 2012 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Software development | |||
| Indirect subsidiaries | Fenghuang Feiyang | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Oct. 25, 2013 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Advertising | |||
| Indirect subsidiaries | I Game (Hong Kong) Company Limited | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | Hong Kong | |||
| Date of Incorporation | Jun. 10, 2014 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Game | |||
| Indirect subsidiaries | Fenghuang Borui | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Oct. 13, 2014 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Software development | |||
| Indirect subsidiaries | Qieyiyou | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Nov. 28, 2014 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Game | |||
| Indirect subsidiaries | Fengying Hongda | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Mar. 13, 2017 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Advertising | |||
| Indirect subsidiaries | Fengyu (Hong Kong) Information Technology Company Limited | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | Hong Kong | |||
| Date of Incorporation | Dec. 14, 2017 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Investment holding | |||
| Consolidated VIEs | Tianying Jiuzhou | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Apr. 18, 2000 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Advertising and paid services | |||
| Consolidated VIEs | Yifeng Lianhe | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Jun. 16, 2006 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Digital entertainment | |||
| Consolidated VIEs | Chenhuan | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Jun. 10, 2014 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Game | |||
| Consolidated VIEs | Meowpaw | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Jan. 14, 2015 | |||
| Percentage of Direct or Indirect Economic Ownership | 75.00% | |||
| Principal Activity | Game | |||
| Subsidiaries of VIEs | Tianying Chuangzhi | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Feb. 08, 2010 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Advertising | |||
| Subsidiaries of VIEs | Fengyu Network* | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | [1] | ||
| Date of Incorporation | Jun. 01, 2012 | [1] | ||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | [1] | ||
| Principal Activity | Digital entertainment | [1] | ||
| Subsidiaries of VIEs | Fenghuang Mingdao | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | May 24, 2013 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Advertising | |||
| Subsidiaries of VIEs | Youjiuzhou | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Jun. 10, 2014 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Game | |||
| Subsidiaries of VIEs | Huanyou Tianxia | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Jun. 16, 2014 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Game | |||
| Subsidiaries of VIEs | Chengdu Huanyou | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Jan. 20, 2015 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Game | |||
| Subsidiaries of VIEs | Yixi Network | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Mar. 26, 2015 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Software development | |||
| Subsidiaries of VIEs | Fenghuang Convergence | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Sep. 18, 2015 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Investment holding | |||
| Subsidiaries of VIEs | Fenghuang Yunfu | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Apr. 12, 2016 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Software development | |||
| Subsidiaries of VIEs | Kanpanbao | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Apr. 15, 2016 | |||
| Percentage of Direct or Indirect Economic Ownership | 70.00% | |||
| Principal Activity | Software development | |||
| Subsidiaries of VIEs | Fengyu Shixun | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Dec. 21, 2016 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Digital entertainment | |||
| Subsidiaries of VIEs | Fengyue Culture | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Jan. 19, 2017 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Digital entertainment | |||
| Subsidiaries of VIEs | Fengge Advertising | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Mar. 15, 2017 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Advertising | |||
| Subsidiaries of VIEs | Fengman Culture | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Mar. 15, 2017 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Digital entertainment | |||
| Subsidiaries of VIEs | Fengying Culture | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Apr. 20, 2017 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Software development | |||
| Subsidiaries of VIEs | Fengxiaoman | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Sep. 21, 2017 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Digital entertainment | |||
| Subsidiaries of VIEs | Fengge Data | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Oct. 25, 2017 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Digital entertainment | |||
| Subsidiaries of VIEs | Nashi Technology | ||||
| Subsidiaries, VIEs and Subsidiaries of VIEs | ||||
| Place of Incorporation | PRC | |||
| Date of Incorporation | Oct. 25, 2017 | |||
| Percentage of Direct or Indirect Economic Ownership | 100.00% | |||
| Principal Activity | Digital entertainment | |||
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| X | ||||||||||
- Definition Date when an entity was incorporated No definition available.
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| X | ||||||||||
- Definition State or Country Name where an entity is incorporated No definition available.
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- Definition Schedule of Subsidiaries, VIEs and Subsidiaries of VIEs [Line Items] No definition available.
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- Definition Principal activity of the subsidiaries, VIEs and the subsidiary of one of the VIEs No definition available.
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- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
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Organization and Principal Activities - Exclusive Technical Licensing and Service Agreements (Details) ¥ in Millions, $ in Millions |
1 Months Ended | ||
|---|---|---|---|
|
Jan. 31, 2015
CNY (¥)
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Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
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| Consolidated VIEs | |||
| Subsidiaries, VIEs and Subsidiaries of VIEs | |||
| Registered capital and PRC statutory reserves of the consolidated VIEs used to solely settle obligations of the VIEs and subsidiaries of the VIEs | $ 4.6 | ¥ 29.7 | |
| Meowpaw | |||
| Subsidiaries, VIEs and Subsidiaries of VIEs | |||
| Share capital of VIE | ¥ 1.0 | ||
| Percentage of shares held by the group | 75.00% | ||
| Percentage of shares held by the noncontrolling shareholder | 25.00% | ||
| Long-term financial support provided to VIE | $ 12.1 | ¥ 79.0 | |
| Threshold of accumulated retained earnings of VIE to pay dividend | ¥ 35.0 | ||
| X | ||||||||||
- Definition The amount of registered capital and PRC statutory reserves of VIEs used to solely settle obligations of VIEs. No definition available.
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- Definition Schedule of Subsidiaries, VIEs and Subsidiaries of VIEs [Line Items] No definition available.
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- Definition Amount of share capital of VIE. No definition available.
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- Definition Threshold of accumulated retained earnings when VIE may pay dividend to ordinary shareholders No definition available.
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- Definition The amount of accumulated financial or other support the reporting entity has provided (explicitly or implicitly) to the Variable Interest Entity (VIE) that it was not previously contractually required to provide or that the reporting entity intends to provide, including, for example, situations in which the reporting entity assisted the VIE in obtaining another type of support. No definition available.
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- Definition Percentage of the Variable Interest Entity's (VIE) shares owned by the noncontrolling shareholder. No definition available.
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- Definition Percentage of the Variable Interest Entity's (VIE) voting interest owned by (or beneficial interest in) the reporting entity (directly or indirectly). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Organization and Principal Activities - Financial information of consolidated VIEs (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
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Dec. 31, 2017
USD ($)
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Dec. 31, 2017
CNY (¥)
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Dec. 31, 2016
CNY (¥)
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Dec. 31, 2015
CNY (¥)
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Dec. 31, 2017
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| Variable Interest Entity | ||||||||||
| Current assets | $ 344,784 | ¥ 2,068,385 | ¥ 2,243,266 | |||||||
| Non-current assets | 208,389 | 1,100,157 | 1,355,842 | |||||||
| Total assets | 553,173 | 3,168,542 | 3,599,108 | |||||||
| Short-term bank loans | 50,720 | 358,602 | 330,000 | |||||||
| Accounts payable | 40,371 | 260,902 | 262,657 | |||||||
| Amounts due to related parties | 2,173 | 18,720 | 14,140 | |||||||
| Advances from customers | 10,020 | 27,825 | 65,196 | |||||||
| Taxes payable | 14,173 | 75,652 | 92,214 | |||||||
| Salary and welfare payable | 20,668 | 130,329 | 134,471 | |||||||
| Accrued expenses and other current liabilities | 26,628 | 111,049 | 173,253 | |||||||
| Total current liabilities | 164,753 | 983,079 | 1,071,931 | |||||||
| Non-current liabilities | 4,000 | 23,035 | 26,026 | |||||||
| Total liabilities | 168,753 | 1,006,114 | 1,097,957 | |||||||
| Revenues | [1] | 242,087 | ¥ 1,575,092 | 1,444,907 | ¥ 1,609,196 | |||||
| Net income/(loss) | 5,291 | 34,424 | 78,220 | 72,385 | ||||||
| Net cash (used in)/provided by operating activities | 26,588 | 172,980 | 203,686 | 220,812 | ||||||
| Net cash (used in)/provided by investing activities | [2] | (983) | (6,390) | (313,547) | (1,131,868) | |||||
| Net cash provided by/(used in) financing activities | (2,495) | (16,234) | 217,148 | 64,366 | ||||||
| Consolidated VIEs | ||||||||||
| Variable Interest Entity | ||||||||||
| Current assets | 141,692 | 965,552 | 921,891 | |||||||
| Non-current assets | 10,979 | 72,379 | 71,434 | |||||||
| Total assets | 152,671 | 1,037,931 | 993,325 | |||||||
| Short-term bank loans | 2,000 | |||||||||
| Accounts payable | 23,530 | 216,978 | 153,094 | |||||||
| Amounts due to related parties | 961 | 1,447 | 6,255 | |||||||
| Amounts due to inter-company entities | 70,980 | 386,969 | 461,819 | |||||||
| Advances from customers | 4,370 | 18,420 | 28,433 | |||||||
| Taxes payable | 7,591 | 51,850 | 49,390 | |||||||
| Salary and welfare payable | 5,845 | 60,010 | 38,029 | |||||||
| Accrued expenses and other current liabilities | 7,849 | 87,264 | 51,071 | |||||||
| Total current liabilities | 121,126 | 824,938 | 788,091 | |||||||
| Non-current liabilities | 3,224 | 20,979 | 20,979 | |||||||
| Total liabilities | 124,350 | 845,917 | ¥ 809,070 | |||||||
| Revenues | 118,338 | 769,943 | 1,140,954 | 1,504,370 | ||||||
| Net income/(loss) | (1,193) | (7,760) | (30,641) | 22,329 | ||||||
| Net cash (used in)/provided by operating activities | (607) | (3,950) | 34,079 | (91,907) | ||||||
| Net cash (used in)/provided by investing activities | 10,082 | 65,600 | (124,610) | (197,307) | ||||||
| Net cash provided by/(used in) financing activities | $ (307) | ¥ (2,000) | ¥ 2,000 | ¥ 250 | ||||||
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of borrowings from a bank classified as other, maturing within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
Organization and Principal Activities - Others (Details) ¥ in Millions, $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Consolidated VIEs | ||||
| Variable Interest Entity | ||||
| Net fee paid or payable to other subsidiaries of the Group by the consolidated VIEs after netting off inter-company transactions | $ 2.1 | ¥ 13.7 | ¥ 54.8 | ¥ 242.4 |
| X | ||||||||||
- Definition Amount of net impacts of series transactions consolidated VIEs have with inter-company on net loss. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
Principal Accounting Policies - Basis of presentation, principles of consolidation, recognition of noncontrolling interests and cost allocations (Details) - 12 months ended Dec. 31, 2017 - Phoenix TV Group ¥ in Millions |
USD ($) |
CNY (¥) |
|---|---|---|
| Old Agreements | Trademark license fee | ||
| Revenue Recognition, Multiple-deliverable Arrangements | ||
| Annual license fee payable | $ | $ 10,000 | |
| Old Agreements | Content license fee | ||
| Revenue Recognition, Multiple-deliverable Arrangements | ||
| Percentage of the after-tax revenues earned from sublicensing Phoenix TV Group's video content to third parties | 50.00% | |
| Fixed amount of payment to cover other services provided by Phoenix TV Group, group will pay for the first year | ¥ | ¥ 1.6 | |
| Percentage of annual growth on fixed amount of payment, group will pay | 25.00% | |
| New Agreements | Trademark license fee | Maximum | ||
| Revenue Recognition, Multiple-deliverable Arrangements | ||
| Percentage of revenue from which the annual license fee payable is derived | 2.00% | |
| Fixed fee for each company | $ | $ 100,000 | |
| New Agreements | Content license fee | ||
| Revenue Recognition, Multiple-deliverable Arrangements | ||
| Fixed amount of payment to cover other services provided by Phoenix TV Group, group will pay for the first year | ¥ | ¥ 10.0 | |
| Percentage of annual growth on fixed amount of payment, group will pay | 15.00% |
| X | ||||||||||
- Definition Represents the amount of the annual license fee payable. No definition available.
|
| X | ||||||||||
- Definition The fixed amount of payment to cover other services provided by Phoenix TV Group, which group will pay for the first year. No definition available.
|
| X | ||||||||||
- Definition Represents the fixed fee for each company. No definition available.
|
| X | ||||||||||
- Definition The percentage of annual growth on fixed amount of payment, which group will pay. No definition available.
|
| X | ||||||||||
- Definition Represents the percentage of revenue from which the annual license fee payable is derived. No definition available.
|
| X | ||||||||||
- Definition Percentage of revenues generated from sales of Phoenix TV's video content paid to Phoenix TV, which is recorded in cost of revenues. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Principal Accounting Policies - Convenience translation (Details) |
Dec. 29, 2017
¥ / $
|
|---|---|
| Convenience translation | |
| Convenience translation, noon buying rate of US$ using RMB | 6.5063 |
| X | ||||||||||
- Definition Convenience Translation [Abstract] No definition available.
|
| X | ||||||||||
- Definition The noon buying rate as set forth in the H.10 statistical release of the U.S. Federal Reserve Board at which translations of amounts from RMB into US$ for the convenience of the reader were calculated at. No definition available.
|
Principal Accounting Policies - Property and equipment, net (Details) |
12 Months Ended |
|---|---|
Dec. 31, 2017 | |
| Computers | |
| Property and Equipment | |
| Estimated Useful Lives | 3 years |
| Equipment, furniture and motor vehicles | |
| Property and Equipment | |
| Estimated Useful Lives | 5 years |
| X | ||||||||||
- Definition Describes the periods of time over which an entity anticipates to receive utility from its property, plant and equipment (that is, the periods of time over which an entity allocates the initial cost of its property, plant and equipment). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Principal Accounting Policies - Intangible assets, net (Details) |
12 Months Ended |
|---|---|
Dec. 31, 2017 | |
| Software | |
| Intangible assets | |
| Estimated useful lives | 5 years |
| Domain name | |
| Intangible assets | |
| Estimated useful lives | 10 years |
| X | ||||||||||
- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Principal Accounting Policies - Revenue recognition (Details) ¥ in Millions, $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Principal Accounting Policies | ||||
| Agency service fees to third-party advertising agencies | $ 34.3 | ¥ 223.3 | ¥ 169.6 | ¥ 161.6 |
| Revenue from barter transactions involving exchanging advertising services for content, technical, application pre-installation services and others | $ 0.7 | ¥ 4.4 | ¥ 2.8 | ¥ 1.4 |
| X | ||||||||||
- Definition The estimated and recorded amount in agency service fees to third-party advertising agencies. The Group provides cash incentives in the form of agency service fees to certain third-party advertising agencies based on sales performance, and accounts for such incentives as a reduction of revenue in accordance with ASC 605-50-25 Customer Payments and Incentives: Recognition. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Total revenue recognized from advertising barter transactions for each income statement presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Principal Accounting Policies - Cost of revenues (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Principal Accounting Policies | ||||
| Applicable tax rate of cultural development fee for net advertising revenues | 3.00% | 3.00% | ||
| Sales taxes and surcharges in cost of revenues | $ 20,466 | ¥ 133,155 | ¥ 119,767 | ¥ 122,502 |
| X | ||||||||||
- Definition Applicable tax rate of cultural development fee for advertising services revenues No definition available.
|
| X | ||||||||||
- Definition Sales taxes include business tax and value added tax. Business tax is imposed by the Chinese government on revenues we report for the provision of taxable services, transfers of intangible assets and sales of immovable properties. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Principal Accounting Policies - Sales and marketing expenses (Details) ¥ in Millions, $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Sales and marketing expenses | ||||
| Total advertising and promotion expenses including traffic acquisition expenses | $ 50.7 | ¥ 329.7 | ¥ 160.1 | ¥ 117.9 |
| X | ||||||||||
- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Principal Accounting Policies - Employee social security and welfare benefits (Details) ¥ in Millions, $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Employee social security and welfare benefits | ||||
| Employee social security and welfare benefits | $ 12.2 | ¥ 79.4 | ¥ 72.6 | ¥ 75.6 |
| X | ||||||||||
- Definition The amount of employee social security and welfare benefits included as cost and expenses in the accompanying consolidated statements of comprehensive income. No definition available.
|
| X | ||||||||||
- Definition Employee Social Security and Welfare Benefits [Abstract] No definition available.
|
Principal Accounting Policies - Statutory reserves (Details) ¥ in Millions, $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Statutory Reserves | ||||
| Appropriations to statutory reserves | $ 0.5 | ¥ 3.3 | ¥ 7.6 | ¥ 4.3 |
| Wholly foreign-owned enterprise | ||||
| Statutory Reserves | ||||
| Portion of after-tax profit to be allocated to general reserve fund under PRC law (as a percent) | 10.00% | 10.00% | ||
| Required general reserve/registered capital ratio to de-force compulsory net profit allocation to general reserve (as a percent) | 50.00% | 50.00% | ||
| Domestically funded enterprises | ||||
| Statutory Reserves | ||||
| Portion of after-tax profit to be allocated to general reserve fund under PRC law (as a percent) | 10.00% | 10.00% | ||
| Required general reserve/registered capital ratio to de-force compulsory net profit allocation to general reserve (as a percent) | 50.00% | 50.00% | ||
| X | ||||||||||
- Definition Appropriations to statutory reserve. In accordance with the PRC laws, the company's subsidiary, VIEs and VIEs' subsidiary incorporated in PRC are required to make appropriations to certain non-distributable reserve from their 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")). No definition available.
|
| X | ||||||||||
- Definition The maximum percentage of the appropriation to the statutory surplus fund over the after-tax profits calculated in accordance with PRC GAAP. No definition available.
|
| X | ||||||||||
- Definition The percentage of the surplus fund over the registered capital of the respective company thus appropriation is not required. No definition available.
|
| X | ||||||||||
- Definition Schedule of statutory reserves [Line Items] No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Principal Accounting Policies - Recent accounting pronouncements (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2014
CNY (¥)
|
|||
| Recent accounting pronouncements | ||||||||||
| Cash and cash equivalents | $ 55,771 | ¥ 310,669 | ¥ 362,862 | ¥ 202,694 | ||||||
| Restricted cash | 51,750 | 125,000 | 336,700 | 354,602 | ||||||
| Total cash, cash equivalents, and restricted cash shown in the statement of cash flows | [1] | $ 107,521 | 435,669 | ¥ 699,562 | $ 85,654 | ¥ 557,296 | ¥ 1,285,847 | |||
| ASU 2016-18 | ||||||||||
| Recent accounting pronouncements | ||||||||||
| Change in restricted cash removed from investing activities | ¥ 229,600 | ¥ 125,000 | ||||||||
| Proforma adjustment | ASU 2014-09 | ||||||||||
| Recent accounting pronouncements | ||||||||||
| Percentage of revenue decrease net of sales taxes and surcharges | (8.50%) | (8.50%) | ||||||||
| Revenues from some advertising barter transactions to be recognized beginning from January 1, 2018 in accordance with the new guidance | $ 400 | ¥ 2,400 | ||||||||
| ||||||||||
| X | ||||||||||
- Definition Percentage of revenue lower than the current percentage of net of sales taxes and surcharges. No definition available.
|
| X | ||||||||||
- Definition Revenues from advertising barter transactions. No definition available.
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash outflow associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Certain Risks and Concentration - Major Customers (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|||
| Major customers | |||||||
| Revenues generated | [1] | $ 242,087 | ¥ 1,575,092 | ¥ 1,444,907 | ¥ 1,609,196 | ||
| Customer concentration risk | Revenues | CMCC | |||||||
| Major customers | |||||||
| Revenues generated | $ 26,500 | ¥ 172,200 | ¥ 154,600 | ¥ 309,300 | |||
| Revenues generated (in percent) | 10.90% | 10.90% | 10.70% | 19.20% | |||
| Customer concentration risk | Accounts receivable | CMCC | Amounts Due from Related Parties | |||||||
| Major customers | |||||||
| Due from CMCC | $ 9,700 | ¥ 48,800 | ¥ 63,200 | ||||
| |||||||
| X | ||||||||||
- Definition Amount of receivables arising from transactions with related parties due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Certain Risks and Concentration - Credit risk (Details) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|---|---|---|---|
| Credit risk | |||
| Convertible loans due from a related party | $ 15,774 | ¥ 102,631 | ¥ 104,429 |
| Amounts due from related parties | 28,774 | 187,214 | 156,260 |
| Particle | |||
| Credit risk | |||
| Amounts due from related parties | 13,729 | 89,323 | ¥ 50,337 |
| Particle | Loan Granted to Related Party in August 2016 | |||
| Credit risk | |||
| Convertible loans due from a related party | 15,800 | 102,600 | |
| Particle | Loan Granted to Related Party in January 2017 | |||
| Credit risk | |||
| Amounts due from related parties | $ 12,400 | ¥ 80,400 |
| X | ||||||||||
- Definition Short-term loans advanced due from a related party of which the Group may at its option convert all or a portion into preferred shares. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Certain Risks and Concentration - PRC regulations (Details) |
12 Months Ended |
|---|---|
Dec. 31, 2017 | |
| Certain Risks and Concentration | |
| Total revenue derived from internet information services licenses | 92.60% |
| X | ||||||||||
- Definition The percentage of revenue from internet information services. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Accounts Receivable, Net - Balance of accounts receivable (Details) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2014
CNY (¥)
|
|---|---|---|---|---|---|---|
| Accounts Receivable, Net | ||||||
| Accounts receivable, gross | $ 80,568 | ¥ 524,198 | ¥ 496,381 | |||
| Allowance for doubtful accounts | (10,060) | (65,454) | $ (14,040) | (91,348) | ¥ (58,846) | ¥ (23,767) |
| Accounts receivable, net | $ 70,508 | ¥ 458,744 | ¥ 405,033 |
| X | ||||||||||
- Definition For unclassified balance sheet, amounts due from customers or clients for goods or services that have been delivered or sold in the normal course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition For an unclassified balance sheet, the amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Accounts Receivable, Net - Movement of the allowance for doubtful accounts (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Accounts Receivable, Net | ||||
| Balance as of January 1, | $ 14,040 | ¥ 91,348 | ¥ 58,846 | ¥ 23,767 |
| Additional provision/(reversal) charged to bad debt expenses, net | (1,402) | (9,137) | 47,762 | 46,990 |
| Write-off of bad debt provision | (2,578) | (16,757) | (15,260) | (11,911) |
| Balance as of December 31, | $ 10,060 | ¥ 65,454 | ¥ 91,348 | ¥ 58,846 |
| X | ||||||||||
- Definition Additional provision or reversal charged to bad debt expenses, movement of the allowance for doubtful accounts receivable. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of direct write-downs of accounts receivable charged against the allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Accounts Receivable, Net - Others (Details) - 12 months ended Dec. 31, 2017 ¥ in Millions, $ in Millions |
USD ($) |
CNY (¥) |
CNY (¥) |
|---|---|---|---|
| Accounts Receivable, Net | |||
| Collection of previously fully-reserved receivables | $ 3.9 | ¥ 25.4 | |
| New bad debt provision recognized in expenses | $ 2.5 | ¥ 16.3 |
| X | ||||||||||
- Definition Represents new bad debt provision recognized in expenses. No definition available.
|
| X | ||||||||||
- Definition The amount of reserved receivables. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Prepayments and Other Current Assets (Details) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|---|---|---|---|
| Prepayments and Other Current Assets | |||
| Prepaid rental and deposits | $ 513 | ¥ 3,339 | ¥ 5,176 |
| Prepayments to suppliers and other business related expenses | 7,278 | 47,355 | 51,767 |
| Receivables related to exercise of employee options | 677 | 4,405 | 5,126 |
| Others | 363 | 2,359 | 2,000 |
| Total | $ 8,831 | ¥ 57,458 | ¥ 64,069 |
| X | ||||||||||
- Definition The amount of prepaid rental and deposits No definition available.
|
| X | ||||||||||
- Definition The amount of other prepayment and other current asset No definition available.
|
| X | ||||||||||
- Definition The amount of prepayments to suppliers and other business related expenses No definition available.
|
| X | ||||||||||
- Definition The amount of receivables related to exercise of employee options No definition available.
|
| X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Prepayments and Other Current Assets - Amortization period (Details) - Prepaid content licenses fee |
12 Months Ended |
|---|---|
Dec. 31, 2017 | |
| Minimum | |
| Amortization period (in years) | 1 year |
| Maximum | |
| Amortization period (in years) | 3 years |
| X | ||||||||||
- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Property and Equipment, Net (Details) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|---|---|---|---|
| Property and Equipment, Net | |||
| Total gross value | $ 33,493 | ¥ 217,921 | ¥ 217,191 |
| Less: accumulated depreciation | (23,587) | (153,467) | (145,104) |
| Net book value | 9,906 | 64,454 | 72,087 |
| Computers, equipment and furniture | |||
| Property and Equipment, Net | |||
| Total gross value | 26,672 | 173,536 | 170,796 |
| Motor vehicles | |||
| Property and Equipment, Net | |||
| Total gross value | 863 | 5,618 | 5,637 |
| Leasehold improvements | |||
| Property and Equipment, Net | |||
| Total gross value | $ 5,958 | ¥ 38,767 | ¥ 40,758 |
| X | ||||||||||
- Definition Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Property and Equipment, Net - Depreciation expenses (Details) ¥ in Millions, $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Property and Equipment, Net | ||||
| Depreciation expenses | $ 4.9 | ¥ 32.2 | ¥ 37.2 | ¥ 38.1 |
| X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Intangible Assets, Net - Summary of intangible assets, net (Details) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|---|---|---|---|
| Intangible assets, Net | |||
| Total gross value | $ 4,730 | ¥ 30,774 | ¥ 33,816 |
| Less: accumulated amortization | (3,344) | (21,759) | (20,432) |
| Impairment | (354) | (2,303) | (3,909) |
| Net book value | 1,032 | 6,712 | 9,475 |
| Software | |||
| Intangible assets, Net | |||
| Total gross value | 3,499 | 22,764 | 22,786 |
| Operating rights for licensed games | |||
| Intangible assets, Net | |||
| Total gross value | 1,223 | 7,956 | 10,976 |
| Domain name | |||
| Intangible assets, Net | |||
| Total gross value | $ 8 | ¥ 54 | ¥ 54 |
| X | ||||||||||
- Definition Accumulated amount of impairment of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. No definition available.
|
| X | ||||||||||
- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Intangible Assets, Net - Amortization expenses (Details) ¥ in Thousands, $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Intangible Assets, Net | ||||
| Amortization expenses | $ 0.5 | ¥ 3,400 | ¥ 4,800 | ¥ 7,400 |
| Estimated amortization expenses | ||||
| 2018 | 2,700 | |||
| 2019 | 2,300 | |||
| 2020 | 1,400 | |||
| 2021 | 300 | |||
| 2022 | ¥ 40 | |||
| Impairment charge against operating rights for licensed games | ¥ 87 | ¥ 3,822 | ||
| X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Available-for-sale Investments (Details) ¥ in Thousands, $ in Thousands |
1 Months Ended | 12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Apr. 30, 2015
USD ($)
|
Apr. 30, 2015
CNY (¥)
|
Dec. 31, 2014 |
|
| Available-for-sale Investments | ||||||||
| Gain on disposal of ordinary shares and Class A ordinary shares and acquisition of Series C preferred shares | ¥ 4,643 | |||||||
| Fair value of available-for-sale investments | ¥ 939,432 | $ 183,873 | ¥ 1,196,330 | |||||
| Particle | ||||||||
| Available-for-sale Investments | ||||||||
| Percentage of equity interests owned by the Company on an as-if converted basis | 46.95% | 41.80% | 41.80% | 18.42% | ||||
| Gain on disposal of ordinary shares and Class A ordinary shares and acquisition of Series C preferred shares | ¥ 4,600 | |||||||
| Total unrealized gains on available-for-sale investments recorded in accumulated other comprehensive income | 303,500 | $ 96,100 | ¥ 625,000 | |||||
| Fair value of available-for-sale investments | 939,400 | $ 183,900 | ¥ 1,196,300 | |||||
| Series C convertible redeemable preferred shares | Particle | ||||||||
| Available-for-sale Investments | ||||||||
| Cash consideration | $ 30,000 | ¥ 183,500 | ||||||
| Ordinary shares and Class A ordinary shares | Particle | ||||||||
| Available-for-sale Investments | ||||||||
| Cash consideration | $ 27,600 | ¥ 168,500 | ||||||
| Series D1 convertible redeemable preferred shares | Particle | ||||||||
| Available-for-sale Investments | ||||||||
| Aggregate amount of converting convertible loans due from related party | $ 20,700 | ¥ 143,800 | ||||||
| X | ||||||||||
- Definition Cash consideration paid to acquire equity interests of investee. No definition available.
|
| X | ||||||||||
- Definition Convertible loans converted to acquire equity interests of investee. No definition available.
|
| X | ||||||||||
- Definition Percentage of equity interests of investee owned by entities on an as-if converted basis. No definition available.
|
| X | ||||||||||
- Definition Accumulated appreciation or loss, net of tax, in value of the total of available-for-sale securities at the end of an accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Equity securities categorized neither as held-to-maturity nor trading which are intended be sold more than one year from the balance sheet date or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of an equity method investment. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Equity Investments - Equity method investments (Details) ¥ in Thousands, $ in Millions |
12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Feb. 28, 2015
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Mar. 31, 2016 |
Dec. 31, 2014 |
Jul. 31, 2014 |
Mar. 31, 2014 |
|
| Equity method investments | |||||||||
| Carrying values of equity investment | $ 2.3 | ¥ 15,100 | |||||||
| Phoenix FM | |||||||||
| Equity method investments | |||||||||
| Carrying values of equity investment | ¥ 0 | 0 | |||||||
| Equity interests owned by the Company | 100.00% | ||||||||
| Loan receivable | ¥ 15,200 | ||||||||
| Impairment amount of equity investment | 9,000 | ||||||||
| Amount of certain loans repaid | 7,200 | ||||||||
| Impairment for loan receivable recovered | 1,000 | ||||||||
| Fenghuang Jingcai | |||||||||
| Equity method investments | |||||||||
| Carrying values of equity investment | 0 | 0 | |||||||
| Equity interests owned by the Company | 31.54% | 45.06% | |||||||
| Impairment amount of equity investment | ¥ 3,200 | ||||||||
| Particle | Ordinary Shares | |||||||||
| Equity method investments | |||||||||
| Percentage of equity interest acquired | 9.08% | ||||||||
| Tianbo | |||||||||
| Equity method investments | |||||||||
| Carrying values of equity investment | ¥ 8,200 | $ 2.3 | ¥ 15,100 | ||||||
| Equity interests owned by the Company | 50.00% | 50.00% | 50.00% | ||||||
| Hangzhou Qike | |||||||||
| Equity method investments | |||||||||
| Carrying values of equity investment | ¥ 100 | ¥ 0 | |||||||
| Equity interests owned by the Company | 45.00% | ||||||||
| Capital contribution injected by shareholders | ¥ 4,500 | ||||||||
| X | ||||||||||
- Definition Amount of capital contribution injected by shareholders. No definition available.
|
| X | ||||||||||
- Definition Amount of loan receivable. No definition available.
|
| X | ||||||||||
- Definition Percentage of equity interests entities acquired. No definition available.
|
| X | ||||||||||
- Definition Amount of impairment for loan receivable which have been recovered. No definition available.
|
| X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow associated with the collection, including prepayments, of loans receivable issued for financing of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Equity Investments - Condensed financial information of equity method investments (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||
|---|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|
| Operating data: | |||||
| Revenues | $ 26,334 | ¥ 171,335 | ¥ 103,038 | ¥ 67,752 | |
| Gross profit | 15,589 | 101,424 | 63,135 | 36,245 | |
| Net (loss)/ income | 394 | 2,562 | (22,888) | (69,290) | |
| PNM's share of net (loss)/income, including impairment, of equity method investees | 1,045 | ¥ 6,796 | (1,776) | ¥ (41,861) | |
| Balance sheet data: | |||||
| Current assets | 24,791 | 58,883 | ¥ 161,295 | ||
| Non-current assets | 3,545 | 17,479 | 23,066 | ||
| Current liabilities | $ 31,461 | ¥ 103,590 | ¥ 204,697 | ||
| X | ||||||||||
- Definition Equity Method Investment, Summarized Financial Information, Balance Sheet [Abstract] No definition available.
|
| X | ||||||||||
- Definition This item represents the equity investments income (loss) including other than temporary impairment losses. No definition available.
|
| X | ||||||||||
- Definition The amount of current assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of current liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of gross profit (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of noncurrent assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Equity Investments - Cost method investments (Details) $ in Thousands, ¥ in Millions |
1 Months Ended | 12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Aug. 31, 2017
USD ($)
|
Aug. 31, 2017
CNY (¥)
|
Jul. 31, 2016 |
Apr. 30, 2015
USD ($)
|
Apr. 30, 2015
CNY (¥)
|
Jan. 31, 2015
CNY (¥)
|
|
| Lilita | ||||||||||
| Cost method investments | ||||||||||
| Percentage of equity interest acquired | 5.00% | |||||||||
| Aggregate purchase consideration | ¥ 0.5 | |||||||||
| Cost method investments, percentage owned | 4.69% | |||||||||
| Impairment loss | $ 80 | ¥ 0.5 | ||||||||
| Lifeix Inc. | ||||||||||
| Cost method investments | ||||||||||
| Percentage of equity interest acquired | 0.30% | 0.30% | ||||||||
| Aggregate purchase consideration | $ 1,000 | ¥ 6.1 | ||||||||
| Impairment loss | $ 1,000 | ¥ 6.4 | ||||||||
| Kuailai | ||||||||||
| Cost method investments | ||||||||||
| Percentage of equity interest acquired | 8.00% | 8.00% | ||||||||
| Aggregate purchase consideration | $ 40 | ¥ 0.2 | ||||||||
| X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the cost method of accounting. No definition available.
|
| X | ||||||||||
- Definition Percentage of equity interests entities acquired. No definition available.
|
| X | ||||||||||
- Definition Original amount of cost-method investments at the acquisition date. No definition available.
|
| X | ||||||||||
- Definition The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Convertible loans due from a related party (Details) $ / shares in Units, ¥ in Thousands, $ in Thousands |
1 Months Ended | 12 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|
Aug. 31, 2017 |
Dec. 31, 2016
USD ($)
loan
$ / shares
|
Dec. 31, 2016
CNY (¥)
loan
|
Aug. 31, 2016
USD ($)
|
Aug. 31, 2016
CNY (¥)
|
Apr. 30, 2016
USD ($)
|
Jan. 31, 2016
USD ($)
|
Dec. 31, 2017
USD ($)
$ / shares
|
Dec. 31, 2017
CNY (¥)
|
|
| Convertible loans due from a related party | |||||||||
| Convertible loans due from a related party | ¥ 104,429 | $ 15,774 | ¥ 102,631 | ||||||
| Particle | |||||||||
| Convertible loans due from a related party | |||||||||
| Number of loans | loan | 2 | 2 | |||||||
| Particle | Loan Granted to Related Party in January 2016 | |||||||||
| Convertible loans due from a related party | |||||||||
| Maturity of short-term unsecured loans | 12 months | ||||||||
| Principal amount of short-term unsecured loans | $ | $ 10,000 | ||||||||
| Interest rate of short-term unsecured loans | 4.35% | ||||||||
| Particle | Loan Granted to Related Party in April 2016 | |||||||||
| Convertible loans due from a related party | |||||||||
| Maturity of short-term unsecured loans | 12 months | ||||||||
| Principal amount of short-term unsecured loans | $ | $ 10,000 | ||||||||
| Interest rate of short-term unsecured loans | 4.35% | ||||||||
| Particle | Loan Granted to Related Party in August 2016 | |||||||||
| Convertible loans due from a related party | |||||||||
| Maturity of short-term unsecured loans | 18 months | 12 months | 12 months | 6 months | 6 months | ||||
| Principal amount of short-term unsecured loans | $ 14,800 | ¥ 98,100 | |||||||
| Interest rate of short-term unsecured loans | 4.35% | 4.35% | |||||||
| Convertible loans due from a related party | $ 15,800 | ¥ 102,600 | |||||||
| Particle | Series D1 convertible redeemable preferred shares | Loans Granted to Related Party in January and April 2016 | |||||||||
| Convertible loans due from a related party | |||||||||
| Aggregate amount of converting convertible loans due from related party | $ 20,700 | ¥ 143,800 | |||||||
| Conversion price per share | $ / shares | $ 0.876847 | ||||||||
| Particle | Series D1 convertible redeemable preferred shares | Loan Granted to Related Party in August 2016 | |||||||||
| Convertible loans due from a related party | |||||||||
| Conversion price per share | $ / shares | $ 1.071803 | ||||||||
| X | ||||||||||
- Definition Amount of short-term unsecured loans granted No definition available.
|
| X | ||||||||||
- Definition Conversion price per share from Loans into Series D preferred shares. No definition available.
|
| X | ||||||||||
- Definition Convertible loans converted to acquire equity interests of investee. No definition available.
|
| X | ||||||||||
- Definition Short-term loans advanced due from a related party of which the Group may at its option convert all or a portion into preferred shares. No definition available.
|
| X | ||||||||||
- Definition Disclosure of convertible loans due from related party. No definition available.
|
| X | ||||||||||
- Definition Interest rate of short-term unsecured loans per annum. No definition available.
|
| X | ||||||||||
- Definition Period before short-term loans provided to a related party mature, in 'PnYnMnDTnHnMnS' format. No definition available.
|
| X | ||||||||||
- Definition Total number of loans related to accrued and interest. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Other Non-Current Assets (Details) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|---|---|---|---|
| Other Non-Current Assets | |||
| Rental deposits | $ 1,197 | ¥ 7,790 | ¥ 7,599 |
| Non-current portion of prepayments to suppliers and other business related expenses | 730 | 4,754 | 8,448 |
| Total | $ 1,927 | ¥ 12,544 | ¥ 16,047 |
| X | ||||||||||
- Definition The amount of non-current portion of prepayments to suppliers and other business related expenses No definition available.
|
| X | ||||||||||
- Definition The amount of rental deposits, one of other non-current assets No definition available.
|
| X | ||||||||||
- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Accrued Expenses and Other Current Liabilities (Details) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|---|---|---|---|
| Accrued Expenses and Other Current Liabilities | |||
| Deposits from advertising agencies and customers | $ 2,200 | ¥ 14,317 | ¥ 20,644 |
| Accrued professional fees | 990 | 6,441 | 7,413 |
| Advertising and promotion expenses payables and accruals | 13,609 | 88,545 | 24,913 |
| General operating expenses payables and accruals | 9,736 | 63,344 | 54,892 |
| Others | 93 | 606 | 3,187 |
| Total | $ 26,628 | ¥ 173,253 | ¥ 111,049 |
| X | ||||||||||
- Definition The amount of deposits from advertising agencies and customers. No definition available.
|
| X | ||||||||||
- Definition The amount of general operating expenses payables and accruals. No definition available.
|
| X | ||||||||||
- Definition The amount of others of accrued expenses and other current liabilities No definition available.
|
| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for advertising of the entity's goods and services. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for professional fees, such as for legal and accounting services received. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Short-term Bank Loans (Details) ¥ in Thousands, $ in Thousands |
1 Months Ended | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Nov. 30, 2017
USD ($)
|
Nov. 30, 2017
CNY (¥)
|
Oct. 31, 2017
USD ($)
|
Jun. 30, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Nov. 30, 2016
USD ($)
|
Jul. 31, 2016
USD ($)
|
Apr. 30, 2016
USD ($)
|
Apr. 30, 2015
USD ($)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Oct. 31, 2017
CNY (¥)
|
Jun. 30, 2017
CNY (¥)
|
Mar. 31, 2017
CNY (¥)
|
Nov. 30, 2016
CNY (¥)
|
Jul. 31, 2016
CNY (¥)
|
Apr. 30, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
Apr. 30, 2015
CNY (¥)
|
|
| Short-term Bank Loans | ||||||||||||||||||||
| Total short-term bank loans | ¥ 358,602 | $ 50,720 | ¥ 330,000 | |||||||||||||||||
| Short-term bank loans secured by bank deposits | 354,602 | 51,750 | 336,700 | ¥ 125,000 | ||||||||||||||||
| Short-term bank loan from Heng Seng Bank in HongKong | ||||||||||||||||||||
| Short-term Bank Loans | ||||||||||||||||||||
| Total short-term bank loans | 354,600 | 0 | ||||||||||||||||||
| First Heng Seng Facility | ||||||||||||||||||||
| Short-term Bank Loans | ||||||||||||||||||||
| Short-term bank loans maturity | 12 months | |||||||||||||||||||
| Short-term bank loans | $ 20,200 | ¥ 123,600 | ||||||||||||||||||
| Short-term bank loans extended maturity | 12 months | |||||||||||||||||||
| First Heng Seng Facility | LIBOR | ||||||||||||||||||||
| Short-term Bank Loans | ||||||||||||||||||||
| Short-term bank loans variable rate basis description | LIBOR | |||||||||||||||||||
| Short-term bank loans variable interest rate (in percent) | 1.00% | |||||||||||||||||||
| Second Heng Seng Facility | ||||||||||||||||||||
| Short-term Bank Loans | ||||||||||||||||||||
| Short-term bank loans maturity | 12 months | 12 months | ||||||||||||||||||
| Short-term bank loans | $ 14,800 | $ 10,000 | ¥ 99,200 | ¥ 64,800 | ||||||||||||||||
| Third Heng Seng Facility | ||||||||||||||||||||
| Short-term Bank Loans | ||||||||||||||||||||
| Short-term bank loans maturity | 12 months | |||||||||||||||||||
| Short-term bank loans | $ 6,900 | ¥ 46,700 | ||||||||||||||||||
| Re-designation of loans | $ 51,900 | ¥ 354,600 | ||||||||||||||||||
| Third Heng Seng Facility | LIBOR | ||||||||||||||||||||
| Short-term Bank Loans | ||||||||||||||||||||
| Short-term bank loans variable rate basis description | LIBOR | |||||||||||||||||||
| Short-term bank loans variable interest rate (in percent) | 1.00% | |||||||||||||||||||
| Secured short-term bank loan facility | ||||||||||||||||||||
| Short-term Bank Loans | ||||||||||||||||||||
| Short-term bank loans secured by bank deposits | 354,600 | 0 | ||||||||||||||||||
| CMB Facility | ||||||||||||||||||||
| Short-term Bank Loans | ||||||||||||||||||||
| Total short-term bank loans | 4,000 | 50,700 | 330,000 | |||||||||||||||||
| Short-term bank loans secured by bank deposits | 0 | $ 51,800 | ¥ 336,700 | |||||||||||||||||
| First CMB Facility | ||||||||||||||||||||
| Short-term Bank Loans | ||||||||||||||||||||
| Short-term bank loans maturity | 12 months | |||||||||||||||||||
| Short-term bank loans | ¥ 4,000 | |||||||||||||||||||
| Short-term bank loans interest rate (in percent) | 4.35% | |||||||||||||||||||
| Second CMB Facility | ||||||||||||||||||||
| Short-term Bank Loans | ||||||||||||||||||||
| Short-term bank loans maturity | 12 months | 12 months | 12 months | |||||||||||||||||
| Short-term bank loans | $ 7,700 | $ 15,700 | $ 32,000 | ¥ 50,000 | ¥ 102,000 | ¥ 208,000 | ||||||||||||||
| Short-term bank loans interest rate (in percent) | 5.50% | 5.70% | 6.30% | |||||||||||||||||
| Repayment of short-term bank loan | $ 4,600 | ¥ 30,000 | ||||||||||||||||||
| X | ||||||||||
- Definition Extended period before short-term bank loans borrowed from banks mature, in 'PnYnMnDTnHnMnS' format. No definition available.
|
| X | ||||||||||
- Definition The amount of redesignation of loans by currency denomination. No definition available.
|
| X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
| X | ||||||||||
- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
|
| X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The average effective interest rate during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
| X | ||||||||||
- Definition The cash outflow for a borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of borrowings from a bank classified as other, maturing within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Cost of Revenues (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|||
| Cost of Revenues | ||||||
| Revenue sharing fees | $ 11,160 | ¥ 72,613 | ¥ 72,027 | ¥ 216,972 | ||
| Content and operational costs | 71,681 | 466,379 | 470,813 | 406,741 | ||
| Bandwidth costs | 8,461 | 55,050 | 64,200 | 83,171 | ||
| Sales taxes and surcharges | 20,466 | 133,155 | 119,767 | 122,502 | ||
| Total | [1] | $ 111,768 | ¥ 727,197 | ¥ 726,807 | ¥ 829,386 | |
| ||||||
| X | ||||||||||
- Definition Fees paid to mobile operators and other service providers for telecommunications services and for hosting servers at Internet data No definition available.
|
| X | ||||||||||
- Definition Including salary expenses associated with content production and advertisement sales support staff, content procurement costs to third party professional media companies and to Phoenix TV, administrative costs related to in-house content production, channel testing costs, rental cost, depreciation and other operating costs No definition available.
|
| X | ||||||||||
- Definition Including service fees retained by mobile telecommunications operators which are recognized as cost of revenues for revenues recorded on gross basis and revenue sharing fees paid to the company's channel partners No definition available.
|
| X | ||||||||||
- Definition Sales taxes include business tax and value added tax. Business tax is imposed by the Chinese government on revenues we report for the provision of taxable services, transfers of intangible assets and sales of immovable properties. No definition available.
|
| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Income Taxes - Summary of provisions for income tax expense (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Income Taxes | ||||
| Current tax expense | $ 3,218 | ¥ 20,936 | ¥ 32,433 | ¥ 36,915 |
| Deferred tax benefit | (946) | (6,153) | (18,344) | (11,398) |
| Income tax expense | $ 2,272 | ¥ 14,783 | ¥ 14,089 | ¥ 25,517 |
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Components of income before tax and income tax expense for PRC and non-PRC operations (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Income Taxes | ||||
| Income arising from PRC operations | $ 16,016 | ¥ 104,208 | ¥ 86,599 | ¥ 159,318 |
| (Loss)/income arising from non-PRC operations | (8,453) | (55,001) | 5,710 | (61,416) |
| Income before tax | 7,563 | 49,207 | 92,309 | 97,902 |
| Income tax expense relating to PRC operations | 2,265 | 14,739 | 13,806 | 25,510 |
| Income tax expense relating to non-PRC operations | 7 | 44 | 283 | 7 |
| Income tax expense | $ 2,272 | ¥ 14,783 | ¥ 14,089 | ¥ 25,517 |
| Effective tax rate for PRC operations | 14.10% | 14.10% | 15.90% | 16.00% |
| X | ||||||||||
- Definition A ratio calculated by dividing the reported amount of income tax expense attributable to domestic continuing operations for the period by GAAP-basis pretax income from domestic continuing operations. No definition available.
|
| X | ||||||||||
- Definition Amount of current and deferred federal income tax expense (benefit) attributable to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of current and deferred foreign income tax expense (benefit) attributable to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to foreign operations, which is defined as Income or Loss generated from operations located outside the entity's country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Hong Kong, PRC and Withholding Tax on Undistributed Dividends (Details) ¥ in Millions, $ in Millions |
1 Months Ended | 12 Months Ended | 24 Months Ended | 36 Months Ended | |||||
|---|---|---|---|---|---|---|---|---|---|
Aug. 31, 2017 |
Nov. 30, 2014 |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015 |
Dec. 31, 2019 |
Dec. 31, 2020 |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
|
| Hong Kong | |||||||||
| Schedule of income taxes | |||||||||
| Statutory income tax rate | 16.50% | ||||||||
| PRC | |||||||||
| Schedule of income taxes | |||||||||
| Statutory income tax rate | 25.00% | 25.00% | 25.00% | ||||||
| Withholding tax rate on dividends, foreign invested enterprises to their immediate holding companies | 10.00% | ||||||||
| Preferential withholding tax rate on dividends, foreign invested enterprises | 5.00% | ||||||||
| Threshold percentage of equity interest in PRC foreign invested enterprise to enjoy preferential withholding tax rate | 25.00% | ||||||||
| Aggregate undistributed earnings of the Group's entities located in the PRC | $ 172.0 | ¥ 1,030.2 | $ 172.0 | ¥ 1,119.4 | |||||
| Unrecognized deferred tax liability on the permanently reinvested earnings | $ 17.2 | ¥ 103.0 | $ 17.2 | ¥ 111.9 | |||||
| PRC | All other PRC incorporated entities of the Group | |||||||||
| Schedule of income taxes | |||||||||
| Statutory income tax rate | 25.00% | 25.00% | 25.00% | ||||||
| PRC | High and New Technology Enterprises | |||||||||
| Schedule of income taxes | |||||||||
| Preferential income tax rate | 15.00% | ||||||||
| Number of years of reapplication for the status | 3 years | ||||||||
| PRC | High and New Technology Enterprises | Fenghuang On-line | |||||||||
| Schedule of income taxes | |||||||||
| Preferential income tax rate | 15.00% | 15.00% | 15.00% | 15.00% | |||||
| PRC | High and New Technology Enterprises | Tianying Jiuzhou | |||||||||
| Schedule of income taxes | |||||||||
| Preferential income tax rate | 15.00% | 15.00% | |||||||
| PRC | High and New Technology Enterprises | Fenghuang Yutian | |||||||||
| Schedule of income taxes | |||||||||
| Preferential income tax rate | 15.00% | ||||||||
| PRC | Software Enterprise | |||||||||
| Schedule of income taxes | |||||||||
| Preferential income tax rate | 12.50% | ||||||||
| Number of years of tax exemption | 2 years | ||||||||
| Reduction rate upon applicable EIT rates | 50.00% | ||||||||
| Number of years of tax rate reduction subsequent to years of tax exemption | 3 years | ||||||||
| PRC | Software Enterprise | Fenghuang Yutian | |||||||||
| Schedule of income taxes | |||||||||
| Preferential income tax rate | 12.50% | ||||||||
| PRC | Software Enterprise | Fenghuang Borui | |||||||||
| Schedule of income taxes | |||||||||
| Preferential income tax rate | 12.50% | ||||||||
| X | ||||||||||
- Definition Number of years after which an enterprise should re-apply for tax preference. No definition available.
|
| X | ||||||||||
- Definition Number of years of tax exemption which an enterprise could enjoy. No definition available.
|
| X | ||||||||||
- Definition Number of years of tax rate reduction subsequent to years of tax exemption. No definition available.
|
| X | ||||||||||
- Definition Pursuant to the income tax laws and rules prior to January 1, 2008, the preferential EIT rate which an enterprise qualified as a "New Technology Enterprise" was entitled to. No definition available.
|
| X | ||||||||||
- Definition A holding company in Hong Kong will be subject to this withholding tax rate under the Arrangement Between the PRC and the Hong Kong Special Administrative Region on the Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital (the "China-HK Tax Arrangement") if such holding company is considered a non-PRC resident enterprise and holds at least 25% of the equity interests in the PRC foreign invested enterprise distributing the dividends, subject to approval of the PRC local tax authority. No definition available.
|
| X | ||||||||||
- Definition Reduction rate upon applicable EIT rates. No definition available.
|
| X | ||||||||||
- Definition Schedule of income taxes [Line Items] No definition available.
|
| X | ||||||||||
- Definition Threshold percentage of equity interest in PRC foreign invested enterprise to enjoy preferential withholding tax rate. No definition available.
|
| X | ||||||||||
- Definition Withholding tax rate on dividends, foreign invested enterprises to foreign holding companies. No definition available.
|
| X | ||||||||||
- Definition Amount of deferred tax liability not recognized because of the exceptions to comprehensive recognition of deferred taxes related to undistributed earnings of foreign subsidiaries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of undistributed earnings of foreign subsidiaries intended to be permanently reinvested outside the country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Income Taxes - Reconciliation of the differences between PRC statutory income tax rate and the Group's effective income tax rate for PRC operations (Details) - PRC |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Schedule of income taxes | |||
| Statutory income tax rate | 25.00% | 25.00% | 25.00% |
| Permanent differences | (10.10%) | (9.30%) | (2.70%) |
| Change in valuation allowance | 2.90% | 7.80% | (0.90%) |
| Effect of preferential tax benefits | (6.60%) | (11.40%) | (6.30%) |
| Uncertain tax positions | 2.90% | 3.80% | 0.90% |
| Effective income tax rate | 14.10% | 15.90% | 16.00% |
| X | ||||||||||
- Definition Percentage of the permanent difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible expenses. No definition available.
|
| X | ||||||||||
- Definition Schedule of income taxes [Line Items] No definition available.
|
| X | ||||||||||
- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income tax contingencies. Includes, but not limited to, domestic tax contingency, foreign tax contingency, state and local tax contingency, and other contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income exempt from income tax because of a tax holiday. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
Income Taxes - Combined effects of income tax expense exemption and other preferential tax benefits (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
$ / shares
|
Dec. 31, 2017
CNY (¥)
¥ / shares
|
Dec. 31, 2016
CNY (¥)
¥ / shares
|
Dec. 31, 2015
CNY (¥)
¥ / shares
|
|
| Income Taxes | ||||
| Preferential tax rate effect | $ 1,051 | ¥ 6,836 | ¥ 9,878 | ¥ 10,073 |
| Basic net income per share effect | (per share) | $ 0.002 | ¥ 0.01 | ¥ 0.02 | ¥ 0.02 |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of income taxes from which a reporting entity is exempt or for which it will receive a reduction in income taxes as a result of the income tax holiday granted by the taxing jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Per share amount effect of the income tax benefit resulting from the income tax holidays granted by taxing jurisdictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Deferred Tax Assets and Liabilities (Details) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2014
CNY (¥)
|
||
|---|---|---|---|---|---|---|---|---|
| Deferred tax assets - non-current: | ||||||||
| Provision of allowance for doubtful accounts | $ 2,724 | ¥ 17,717 | ¥ 21,910 | |||||
| Accrued payroll and expenses and others | 4,492 | 29,225 | 27,172 | |||||
| Net operating loss carryforward | 4,261 | 27,726 | 16,627 | |||||
| Less: valuation allowance | (2,184) | (14,208) | $ (1,753) | (11,402) | ¥ (4,676) | ¥ (7,101) | ||
| Total non-current deferred tax assets, net* | [1] | 9,293 | 60,460 | 54,307 | ||||
| Deferred tax liabilities - non-current: | ||||||||
| Equity investments acquired in disposal of subsidiaries | $ 202 | ¥ 1,312 | ¥ 1,312 | |||||
| ||||||||
| X | ||||||||||
- Definition Deferred Tax Liabilities, Noncurrent [Abstract] No definition available.
|
| X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from accrued liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from the allowance for doubtful accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of valuation allowance of deferred tax asset attributable to deductible temporary differences and carryforwards, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences from investments in unconsolidated subsidiaries and investments in other affiliates which are not controlled nor consolidated. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Net operating loss carryforward (Details) - Dec. 31, 2017 ¥ in Millions, $ in Millions |
USD ($) |
CNY (¥) |
|---|---|---|
| Income Taxes | ||
| Net operating loss carryforward | $ 21.7 | ¥ 140.9 |
| Net operating tax loss carryforward, expire in 2018 | 0.7 | |
| Net operating tax loss carryforward, expire in 2019 | 4.9 | |
| Net operating tax loss carryforward, expire in 2020 | 7.5 | |
| Net operating tax loss carryforward, expire in 2021 | 52.5 | |
| Net operating tax loss carryforward, expire in 2022 | ¥ 75.3 |
| X | ||||||||||
- Definition The amount of the net operating tax loss carry forward, which will expire in five years. No definition available.
|
| X | ||||||||||
- Definition The amount of the net operating tax loss carry forward, which will expire in four years. No definition available.
|
| X | ||||||||||
- Definition The amount of the net operating tax loss carry forward, which will expire in one year. No definition available.
|
| X | ||||||||||
- Definition The amount of the net operating tax loss carry forward, which will expire in three years. No definition available.
|
| X | ||||||||||
- Definition The amount of the net operating tax loss carry forward, which will expire in two years. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Movement of valuation allowance of deferred tax assets (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Income Taxes | ||||
| Balance as of January 1, | $ 1,753 | ¥ 11,402 | ¥ 4,676 | ¥ 7,101 |
| Additions | 947 | 6,164 | 6,838 | 2,121 |
| Reversals | (516) | (3,358) | (112) | (4,546) |
| Balance as of December 31, | $ 2,184 | ¥ 14,208 | ¥ 11,402 | ¥ 4,676 |
| X | ||||||||||
- Definition Amount of additions in the valuation allowance for a specified deferred tax asset. No definition available.
|
| X | ||||||||||
- Definition Amount of reversals in the valuation allowance for a specified deferred tax asset. No definition available.
|
| X | ||||||||||
- Definition Amount of valuation allowance of deferred tax asset attributable to deductible temporary differences and carryforwards, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Income Taxes - Reconciliation of liabilities associated with uncertain tax positions (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Income Taxes | ||||
| Balance as of January 1 | $ 3,339 | ¥ 21,723 | ¥ 18,368 | ¥ 16,867 |
| Increase related to current year tax positions | 459 | 2,991 | 3,355 | 1,501 |
| Balance as of December 31 | $ 3,798 | ¥ 24,714 | ¥ 21,723 | ¥ 18,368 |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of unrecognized tax benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of increase in unrecognized tax benefits resulting from tax positions that have been or will be taken in current period tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Ordinary Shares (Details) - $ / shares |
12 Months Ended | |
|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Class of Stock | ||
| Ordinary shares, conversion features | The Parent, which is wholly owned by Phoenix TV, holds Class B ordinary shares, each of which is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. | |
| Class A ordinary shares | ||
| Class of Stock | ||
| Ordinary shares, par value | $ 0.01 | $ 0.01 |
| Ordinary shares, voting rights | one | |
| Ordinary shares, issued | 260,001,486 | 254,909,790 |
| Ordinary shares, outstanding | 260,001,486 | 254,909,790 |
| Class B ordinary shares | ||
| Class of Stock | ||
| Ordinary shares, par value | $ 0.01 | $ 0.01 |
| Ordinary shares, voting rights | 1.3 | |
| Ordinary shares, issued | 317,325,360 | 317,325,360 |
| Ordinary shares, outstanding | 317,325,360 | 317,325,360 |
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Basis of conversion of convertible common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Description of voting rights of common stock. Includes eligibility to vote and votes per share owned. Include also, if any, unusual voting rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Share-based Compensation - Allocation of recognized period costs and expenses (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Share-based Compensation, Recognized in costs and expenses | ||||
| Share-based compensation recognized in costs and expenses | $ 3,204 | ¥ 20,852 | ¥ 1,890 | ¥ 34,354 |
| Income tax benefit recognized for share-based compensation | 0 | 0 | 0 | |
| Cost of revenues | ||||
| Share-based Compensation, Recognized in costs and expenses | ||||
| Share-based compensation recognized in costs and expenses | 771 | 5,017 | (4,367) | 6,335 |
| Sales and marketing expenses | ||||
| Share-based Compensation, Recognized in costs and expenses | ||||
| Share-based compensation recognized in costs and expenses | 288 | 1,877 | (2,842) | 3,043 |
| General and administrative expenses | ||||
| Share-based Compensation, Recognized in costs and expenses | ||||
| Share-based compensation recognized in costs and expenses | 1,659 | 10,796 | 11,025 | 21,836 |
| Technology and product development expenses | ||||
| Share-based Compensation, Recognized in costs and expenses | ||||
| Share-based compensation recognized in costs and expenses | $ 486 | ¥ 3,162 | ¥ (1,926) | ¥ 3,140 |
| X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Share-based Compensation - Effects of changes to the forfeiture rate (Details) ¥ in Millions |
12 Months Ended |
|---|---|
|
Dec. 31, 2016
CNY (¥)
| |
| Change in forfeiture rate | |
| Effects of changes to the forfeiture rate, share-based compensation | |
| Share-based compensation reduced | ¥ 27.6 |
| X | ||||||||||
- Definition Decrease in share-based compensation expense due to the effects of changes to the forfeiture rate this period. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
Share-based Compensation - Share options, June 2008 scheme (Details) $ / shares in Units, ¥ in Thousands, $ in Thousands |
1 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|
|
Sep. 30, 2017
item
$ / shares
shares
|
Dec. 31, 2017
USD ($)
$ / shares
shares
|
Dec. 31, 2017
CNY (¥)
shares
|
Dec. 31, 2016
CNY (¥)
shares
|
Dec. 31, 2015
CNY (¥)
shares
|
|
| Share Options | |||||
| Maximum percentage of ordinary shares in issue upon exercise of all outstanding options granted and yet to be exercised | 30.00% | 30.00% | |||
| Recognized share-based compensation | $ 3,204 | ¥ 20,852 | ¥ 1,890 | ¥ 34,354 | |
| Number of Options, Granted | 7,255,000 | 7,255,000 | 9,991,964 | 8,020,000 | |
| June 2008 Scheme | |||||
| Share Options | |||||
| Maximum percentage of the ordinary shares in issue on effective date of option scheme ("Limit") | 10.00% | 10.00% | |||
| Maximum percentage of ordinary shares in issue on effective date of limit as refreshed (Refreshed "Limit") | 10.00% | 10.00% | |||
| Maximum number of additional options authorized to grant | 31,410,107 | 31,410,107 | |||
| Share options, expiration period | 10 years | 10 years | |||
| Award vesting period | 4 years | 4 years | |||
| June 2008 Scheme | Non employee | |||||
| Share Options | |||||
| Share options, expiration period | 10 years | ||||
| Award vesting period | 4 years | ||||
| Number of Options, Granted | 1,720,000 | ||||
| Number of non employees | item | 1 | ||||
| Grant date fair value of options granted (US$ per share) | $ / shares | $ 0.4648 | ||||
| June 2008 Scheme, Plan Modification | |||||
| Share Options | |||||
| Vesting period added | 12 months | 12 months | |||
| Total incremental share-based compensation | ¥ | ¥ 12,100 | ||||
| Recognized share-based compensation | $ 900 | ¥ 5,900 | ¥ 2,700 | ||
| June 2008 Scheme, Plan Modification | Class A ordinary shares | |||||
| Share Options | |||||
| Number of Ordinary Shares Affected | 21,011,951 | 21,011,951 | |||
| New Exercise Price | $ / shares | $ 0.4823 | ||||
| June 2008 Scheme, Plan Modification | ADS | |||||
| Share Options | |||||
| New Exercise Price | $ / shares | $ 3.8587 | ||||
| X | ||||||||||
- Definition Maximum percentage of ordinary shares in issue on effective date of limit as refreshed (Refreshed "Limit") No definition available.
|
| X | ||||||||||
- Definition Maximum percentage of ordinary shares in issue on effective date of option scheme ("Limit") No definition available.
|
| X | ||||||||||
- Definition Number of non employees. No definition available.
|
| X | ||||||||||
- Definition Exercise price of the option. No definition available.
|
| X | ||||||||||
- Definition Number of ordinary shares which could be exchanged from options that affected by the plan modification. No definition available.
|
| X | ||||||||||
- Definition Vesting period added for new options granted by the Company under the same plan, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
| X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Number of additional shares authorized for issuance under an established share-based compensation plan. No definition available.
|
| X | ||||||||||
- Definition Gross number of share options (or share units) granted during the period. No definition available.
|
| X | ||||||||||
- Definition The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Maximum number of shares that may be issued in accordance with the plan as a proportion of outstanding capital stock. No definition available.
|
| X | ||||||||||
- Definition An excess of the fair value of the modified award over the fair value of the award immediately before the modification. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Period from grant date that an equity-based award expires, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Share-based Compensation - Share option activities (Details) - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Number of Options | ||||
| Number of Options, Outstanding, Beginning Balance | 44,445,135 | 46,117,530 | 50,267,007 | |
| Number of Options, Granted | 7,255,000 | 9,991,964 | 8,020,000 | |
| Number of Options, Forfeited and expired | (7,319,500) | (10,005,413) | (8,379,197) | |
| Number of Options, Exercised | (5,091,696) | (1,658,946) | (3,790,280) | |
| Number of Options, Outstanding, Ending Balance | 39,288,939 | 44,445,135 | 46,117,530 | 50,267,007 |
| Number of Options, Exercisable | 20,643,961 | |||
| Number of Options, Vested and expected to vest | 29,411,110 | |||
| Weighted Average Exercise Price | ||||
| Weighted Average Exercise Price, Outstanding, Beginning Balance | $ 0.43 | $ 0.81 | $ 0.79 | |
| Weighted Average Exercise Price, Granted | 0.42 | 0.47 | 0.92 | |
| Weighted Average Exercise Price, Forfeited and expired | 0.50 | 0.94 | 1.03 | |
| Weighted Average Exercise Price, Exercised | 0.37 | 0.22 | 0.36 | |
| Weighted Average Exercise Price, Outstanding, Ending Balance | 0.42 | $ 0.43 | $ 0.81 | $ 0.79 |
| Weighted Average Exercise Price, Exercisable | 0.39 | |||
| Weighted Average Exercise Price, Vested and expected to vest | $ 0.41 | |||
| Weighted Average Remaining Contractual Life | ||||
| Weighted Average Remaining Contractual Life, Outstanding | 6 years 8 months 12 days | 7 years 1 month 6 days | 7 years 6 months | 8 years 2 months 12 days |
| Weighted Average Remaining Contractual Life, Exercisable | 5 years 1 month 6 days | |||
| Weighted Average Remaining Contractual Life, Vested and expected to vest | 6 years | |||
| Aggregate Intrinsic Value | ||||
| Aggregate Intrinsic Value, Outstanding, Beginning Balance | $ 1.8 | $ 7.6 | $ 17.6 | |
| Aggregate Intrinsic Value, Exercised | 2.1 | 0.4 | 1.5 | |
| Aggregate Intrinsic Value, Outstanding, Ending Balance | 15.3 | $ 1.8 | $ 7.6 | $ 17.6 |
| Aggregate Intrinsic Value, Exercisable | 8.7 | |||
| Aggregate Intrinsic Value, Vested and expected to vest | $ 11.8 | |||
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Abstract] No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Options, Number of Options [Abstract] No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Exercise Price [Abstract] No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Abstract] No definition available.
|
| X | ||||||||||
- Definition Weighted average remaining contractual term for option awards exercisable. No definition available.
|
| X | ||||||||||
- Definition Weighted average remaining contractual term for option awards outstanding. No definition available.
|
| X | ||||||||||
- Definition Weighted average remaining contractual term for option awards vested and expected to vest. No definition available.
|
| X | ||||||||||
- Definition The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Weighted average price of options that were either forfeited or expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Gross number of share options (or share units) granted during the period. No definition available.
|
| X | ||||||||||
- Definition Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount by which current fair value of underlying stock exceeds exercise price of fully vested and expected to vest exercisable or convertible options. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of fully vested and expected to vest exercisable options that may be converted into shares under option plan. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Weighted-average exercise price, at which grantee can acquire shares reserved for issuance, for fully vested and expected to vest exercisable or convertible options. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
| X | ||||||||||
- Definition Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Share-based Compensation - Share options, additional information (Details) $ / shares in Units, ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
$ / shares
shares
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
$ / shares
shares
|
Dec. 31, 2016
CNY (¥)
shares
|
Dec. 31, 2015
$ / shares
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
shares
|
|
| Share-based Compensation Arrangement by Share-based Payment Award | |||||||
| Recognized share-based compensation | $ 3,204 | ¥ 20,852 | ¥ 1,890 | ¥ 34,354 | |||
| Share Options | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award | |||||||
| Weighted-average grant date fair value of options granted (US$ per share) | $ 0.48 | $ 0.23 | $ 0.46 | ||||
| Recognized share-based compensation | $ 3,200 | ¥ 20,900 | ¥ 1,900 | ¥ 34,400 | |||
| Unrecognized share-based compensation for options | $ 2,500 | ¥ 16,200 | |||||
| Period for recognition | 2 years 8 months 12 days | 2 years 8 months 12 days | |||||
| Share Options | Former employees | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award | |||||||
| Proceeds received from exercise of options | $ 200 | ¥ 1,500 | |||||
| Shares issued to former employees after IPO (number of shares) | shares | 5,026,615 | 5,026,615 | |||||
| Contingently issuable shares to be issued upon former employees' request (number of shares) | shares | 1,685,776 | 1,692,526 | 1,692,526 | 1,685,776 | |||
| ADS | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award | |||||||
| Closing stock price (US$ per share) | $ 6.49 | ||||||
| Ordinary Shares | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award | |||||||
| Closing stock price (US$ per share) | $ 0.8113 | ||||||
| X | ||||||||||
- Definition Aggregate proceeds received by the entity at the end of reporting period from exercises of contingently issuable shares granted under equity-based payment arrangements. No definition available.
|
| X | ||||||||||
- Definition Aggregate shares at the end of reporting period from exercises of contingently issuable shares granted under equity-based payment arrangements. No definition available.
|
| X | ||||||||||
- Definition The number of shares into which fully or partially vested contingently issuable shares outstanding as of the balance sheet date can be currently converted under the option plan. No definition available.
|
| X | ||||||||||
- Definition The closing stock price as of the period end for calculating the aggregate intrinsic value of options outstanding and exercisable as of the period end No definition available.
|
| X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Unrecognized cost of unvested options awarded to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Share-based Compensation - Share option assumptions (Details) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Minimum | |||
| Share-based Compensation Arrangement by Share-based Payment Award | |||
| Expected volatility rate (as a percent) | 48.84% | 50.67% | 54.23% |
| Expected term (years) | 3 years 1 month 17 days | 3 years 10 months 28 days | 5 years 10 months 28 days |
| Risk-free interest rate (per annum) (as a percent) | 0.90% | 1.30% | 1.90% |
| Maximum | |||
| Share-based Compensation Arrangement by Share-based Payment Award | |||
| Expected volatility rate (as a percent) | 57.06% | 55.65% | 54.32% |
| Expected term (years) | 6 years 1 month 28 days | 6 years 1 month 28 days | 6 years 1 month 28 days |
| Risk-free interest rate (per annum) (as a percent) | 1.92% | 1.55% | 1.98% |
| X | ||||||||||
- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Share-based Compensation - Restricted share units (Details) - Restricted Stock Units - $ / shares |
12 Months Ended | |
|---|---|---|
Mar. 17, 2011 |
Dec. 31, 2015 |
|
| Number of Units | ||
| Number of Shares, Unvested, Beginning Balance | 32,500 | |
| Number of Units, Granted | 10,050,958 | |
| Number of Units, Vested | (32,500) | |
| Weighted-Average Grant-Date Fair Value | ||
| Weighted-Average Grant-Date Fair Value, Unvested, Beginning Balance | $ 1.07 | |
| Weighted-Average Grant-Date Fair Value, Vested | $ 1.07 |
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Number of Shares [Abstract] No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Weighted-Average Grant-Date Fair Value [Abstract] No definition available.
|
| X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
Share-based Compensation - Restricted share units, others (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Mar. 17, 2011
shares
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2015
CNY (¥)
|
|
| Share-based Compensation Arrangement by Share-based Payment Award | |||||||
| Recognized share-based compensation | $ 3,204 | ¥ 20,852 | ¥ 1,890 | ¥ 34,354 | |||
| Restricted Stock Units | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award | |||||||
| Award vesting period | 4 years | ||||||
| Restricted share units granted to the employees | shares | 10,050,958 | ||||||
| Recognized share-based compensation | 0 | 0 | ¥ 1,000 | ||||
| Unrecognized share-based compensation | ¥ 0 | ¥ 0 | |||||
| Total fair value of restricted share units vested | $ | $ 0 | $ 0 | $ 30 | ||||
| X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Unrecognized cost of unvested share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
Segments (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
segment
|
Dec. 31, 2017
CNY (¥)
segment
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
||||
| Segments | |||||||
| Number of principal operating segments | 2 | 2 | |||||
| Revenues | [1] | $ 242,087 | ¥ 1,575,092 | ¥ 1,444,907 | ¥ 1,609,196 | ||
| Cost of revenues | [1] | (111,768) | (727,197) | (726,807) | (829,386) | ||
| Gross profit | 130,319 | 847,895 | 718,100 | 779,810 | |||
| Net advertising services | |||||||
| Segments | |||||||
| Revenues | 208,026 | 1,353,480 | 1,232,210 | 1,226,516 | |||
| Cost of revenues | (92,671) | (602,945) | (598,040) | (557,421) | |||
| Gross profit | 115,355 | 750,535 | 634,170 | 669,095 | |||
| Paid services | |||||||
| Segments | |||||||
| Revenues | 34,061 | 221,612 | 212,697 | 382,680 | |||
| Cost of revenues | (19,097) | (124,252) | (128,767) | (271,965) | |||
| Gross profit | $ 14,964 | ¥ 97,360 | ¥ 83,930 | ¥ 110,715 | |||
| |||||||
| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues. No definition available.
|
| X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Fair Value Measurements - Financial instruments measured at fair value by level within the fair value hierarchy (Details) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|---|---|---|---|
| Assets: | |||
| Available-for-sale investments | $ 183,873 | ¥ 1,196,330 | ¥ 939,432 |
| Carrying Value | |||
| Assets: | |||
| Term deposits and short term investments | 737,657 | 781,298 | |
| Restricted cash | 336,700 | 354,602 | |
| Available-for-sale investments | 1,196,330 | 939,432 | |
| Level 1 | Fair Value | |||
| Assets: | |||
| Term deposits and short term investments | 12,807 | 22,198 | |
| Restricted cash | 336,700 | 354,602 | |
| Level 2 | Fair Value | |||
| Assets: | |||
| Term deposits and short term investments | 724,850 | 759,100 | |
| Level 3 | Fair Value | |||
| Assets: | |||
| Available-for-sale investments | ¥ 1,196,330 | ¥ 939,432 |
| X | ||||||||||
- Definition Fair value of restricted cash No definition available.
|
| X | ||||||||||
- Definition Fair value of term deposits and short term investments. No definition available.
|
| X | ||||||||||
- Definition Equity securities categorized neither as held-to-maturity nor trading which are intended be sold more than one year from the balance sheet date or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Fair Value Measurements - Reconciliation of fair value measurements using significant unobservable inputs (level 3) (Details) - Available-for-sale Securities - CNY (¥) ¥ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Fair Value Measurements | ||
| Beginning balance | ¥ 939,432 | ¥ 513,994 |
| Additional investments obtained from conversion of convertible loans | 143,820 | |
| Change in fair value | 321,538 | 247,336 |
| Currency translation adjustment | (64,640) | 34,282 |
| Ending balance | ¥ 1,196,330 | ¥ 939,432 |
| X | ||||||||||
- Definition Amount of additional investments obtained from conversion of convertible loans of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. No definition available.
|
| X | ||||||||||
- Definition Amount of change in fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. No definition available.
|
| X | ||||||||||
- Definition Amount of currency translation adjustment of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
Fair Value Measurements - Key inputs used in available-for-sale investments valuation (Details) - Available-for-sale Securities - Level 3 |
12 Months Ended | |
|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Key inputs used in available-for-sale investments valuation | ||
| Discount rate | 23.00% | 23.00% |
| Lack of marketability discount ("DLOM") | 25.00% | 25.00% |
| Volatility | 45.30% | 47.00% |
| Terminal growth rate | 3.0 | 3.0 |
| Minimum | ||
| Key inputs used in available-for-sale investments valuation | ||
| Revenue growth rate | 5.00% | 10.00% |
| Maximum | ||
| Key inputs used in available-for-sale investments valuation | ||
| Revenue growth rate | 93.80% | 349.00% |
| X | ||||||||||
- Definition Percentage of assumed growth in terminals, used as an input to measure fair value. No definition available.
|
| X | ||||||||||
- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Adjustment to the discount rate used to measure fair value for lack of ability to convert business interests into cash quickly. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of assumed long-term growth in revenues, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Fair Value Measurements - Other financial instruments not measured at fair value in the balance sheets (Details) ¥ in Millions, $ in Millions |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
USD ($)
|
|---|---|---|---|
| Fair Value Measurements | |||
| Estimated fair value of convertible loans due from a related party | $ 17.3 | ¥ 112.6 | $ 15.8 |
| X | ||||||||||
- Definition Estimated fair value of convertible loans due from related party. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Net Income per Share (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
$ / shares
shares
|
Dec. 31, 2017
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2016
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2015
CNY (¥)
¥ / shares
shares
|
|
| Numerator: | ||||
| Net income attributable to Phoenix New Media Limited | $ 5,759 | ¥ 37,472 | ¥ 80,611 | ¥ 73,584 |
| Numerator: | ||||
| Net income attributable to Phoenix New Media Limited | 5,759 | 37,472 | 80,611 | 73,584 |
| Ordinary Shares | ||||
| Numerator: | ||||
| Net income attributable to Phoenix New Media Limited | $ 5,759 | ¥ 37,472 | ¥ 80,611 | ¥ 73,584 |
| Denominator: | ||||
| Weighted average number of shares outstanding | 573,096,266 | 573,096,266 | 571,298,943 | 569,058,424 |
| Weighted average number of contingently issuable shares | 1,690,621 | 1,690,621 | 2,222,593 | 2,189,299 |
| Denominator used in computing net income per share - basic | 574,786,887 | 574,786,887 | 573,521,536 | 571,247,723 |
| Net income per share - basic | (per share) | $ 0.01 | ¥ 0.07 | ¥ 0.14 | ¥ 0.13 |
| Numerator: | ||||
| Net income attributable to Phoenix New Media Limited | $ 5,759 | ¥ 37,472 | ¥ 80,611 | ¥ 73,584 |
| Denominator: | ||||
| Denominator used in computing net income per share - basic | 574,786,887 | 574,786,887 | 573,521,536 | 571,247,723 |
| Share-based awards | 15,647,020 | 15,647,020 | 3,516,370 | 9,537,533 |
| Denominator used in computing net income per share - diluted | 590,433,907 | 590,433,907 | 577,037,906 | 580,785,256 |
| Net income per share - diluted | (per share) | $ 0.01 | ¥ 0.06 | ¥ 0.14 | ¥ 0.13 |
| ADS | ||||
| Denominator: | ||||
| Denominator used in computing net income per share - basic | 71,848,361 | 71,848,361 | 71,690,192 | 71,405,965 |
| Net income per share - basic | (per share) | $ 0.08 | ¥ 0.52 | ¥ 1.12 | ¥ 1.03 |
| Denominator: | ||||
| Denominator used in computing net income per share - basic | 71,848,361 | 71,848,361 | 71,690,192 | 71,405,965 |
| Denominator used in computing net income per share - diluted | 73,804,238 | 73,804,238 | 72,129,738 | 72,598,157 |
| Net income per share - diluted | (per share) | $ 0.08 | ¥ 0.51 | ¥ 1.12 | ¥ 1.01 |
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Shares issuable for little or no cash consideration upon the satisfaction of certain conditions (contingently issuable shares) are considered outstanding common shares and included in the computation of basic Earnings Per Share as of the date that all necessary conditions have been satisfied (in essence, when issuance of the shares is no longer contingent). Outstanding common shares that are contingently returnable (that is, subject to recall) are treated in the same manner as contingently issuable shares. Contingently issuable shares include shares that (a) will be issued in the future upon the satisfaction of specified conditions, (b) have been placed in escrow and all or part must be returned if specified conditions are not met, or (c) have been issued but the holder must return all or part if specified conditions are not met. The number of contingently issuable shares is determined by relating the portion of time within a reporting period that these shares have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition This element represents the weighted average total number of shares issued throughout the period including the first (beginning balance outstanding) and last (ending balance outstanding) day of the period before considering any reductions (for instance, shares held in treasury) to arrive at the weighted average number of shares outstanding. Weighted average relates to the portion of time within a reporting period that common shares have been issued and outstanding to the total time in that period. Such concept is used in determining the weighted average number of shares outstanding for purposes of calculating earnings per share (basic). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Net Income per Share - Anti-dilutive securities (Details) - shares |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Options to purchase ordinary shares | |||
| Anti-dilutive securities | |||
| Anti-dilutive securities excluded from computation of diluted net income per share | 2,223,005 | 30,953,329 | 29,572,888 |
| X | ||||||||||
- Definition Schedule of Computation of Basic and Diluted Earnings Per Share [Line Items] No definition available.
|
| X | ||||||||||
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
Treasury Stock (Details) - New Share Repurchases Program ¥ in Millions, $ in Millions |
1 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
|
May 31, 2014
USD ($)
|
Dec. 31, 2015
USD ($)
shares
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
shares
|
|
| Treasury Stock | ||||
| Share repurchase program, consideration, repurchased and cancelled during period | $ 50.0 | ¥ 307.2 | ||
| ADS | ||||
| Treasury Stock | ||||
| Share repurchase program, authorized amount | $ | $ 50.0 | |||
| Share repurchase program, maximum period in force | 12 months | |||
| Aggregate shares repurchased, number of shares | shares | 5,368,144 | 5,368,144 | ||
| Aggregate consideration of cancellation of repurchased shares | $ 50.3 | ¥ 308.9 | ||
| Cancellation fees | $ 0.3 | ¥ 1.7 | ||
| X | ||||||||||
- Definition Aggregate consideration of cancellation of repurchased shares including cancellation fees. No definition available.
|
| X | ||||||||||
- Definition Number of shares that have been repurchased at the balance sheet day and are being held in treasury. No definition available.
|
| X | ||||||||||
- Definition Amount of cancellation fees in treasury stock cancellation. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of stock repurchase plan authorized. No definition available.
|
| X | ||||||||||
- Definition Period which shares may be purchased under a stock repurchase plan authorized by an entity's Board of Directors, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
| X | ||||||||||
- Definition Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Commitments and Contingencies - Commitments (Details) ¥ in Thousands |
Dec. 31, 2017
CNY (¥)
|
|---|---|
| Future minimum commitments under non-cancellable agreements | |
| 2018 | ¥ 90,711 |
| 2019 | 55,679 |
| 2020 | 35,043 |
| 2021 | 34,502 |
| 2022 and thereafter | 21,209 |
| Total | 237,144 |
| Rental | |
| Future minimum commitments under non-cancellable agreements | |
| 2018 | 37,224 |
| 2019 | 32,654 |
| 2020 | 30,917 |
| 2021 | 31,992 |
| 2022 and thereafter | 17,178 |
| Total | 149,965 |
| Bandwidth Purchases | |
| Future minimum commitments under non-cancellable agreements | |
| 2018 | 8,132 |
| 2019 | 2,191 |
| 2020 | 2,191 |
| 2021 | 2,191 |
| 2022 and thereafter | 1,187 |
| Total | 15,892 |
| Cooperation with Phoenix TV Group | |
| Future minimum commitments under non-cancellable agreements | |
| 2018 | 9,016 |
| 2019 | 6,812 |
| 2020 | 1,301 |
| Total | 17,129 |
| Content Purchases | |
| Future minimum commitments under non-cancellable agreements | |
| 2018 | 29,900 |
| 2019 | 11,420 |
| 2020 | 509 |
| 2021 | 319 |
| 2022 and thereafter | 2,844 |
| Total | 44,992 |
| Property and Equipment, and Intangible Assets | |
| Future minimum commitments under non-cancellable agreements | |
| 2018 | 970 |
| 2019 | 752 |
| Total | 1,722 |
| Others | |
| Future minimum commitments under non-cancellable agreements | |
| 2018 | 5,469 |
| 2019 | 1,850 |
| 2020 | 125 |
| Total | ¥ 7,444 |
| X | ||||||||||
- Definition Amount of the fixed and determinable portion of the unrecorded unconditional purchase obligation maturing in and after the fifth fiscal year following the latest fiscal year. No definition available.
|
| X | ||||||||||
- Definition Amount of the fixed and determinable portion of the unrecorded unconditional purchase obligation maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the fixed and determinable portion of the unrecorded unconditional purchase obligation maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the fixed and determinable portion of the unrecorded unconditional purchase obligation maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the fixed and determinable portion of the unrecorded unconditional purchase obligation maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the unrecorded obligation to transfer funds in the future for fixed or minimum amounts or quantities of goods or services at fixed or minimum prices (for example, as in take-or-pay contracts or throughput contracts). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
Commitments and Contingencies - Rental expenses (Details) ¥ in Millions, $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Commitments and Contingencies | ||||
| Rental expenses | $ 5.7 | ¥ 37.0 | ¥ 39.4 | ¥ 41.1 |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Commitments and Contingencies - Litigation, Long-term Liabilities for Uncertain Tax Positions (Details) ¥ in Thousands, $ in Thousands |
1 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
|
Apr. 30, 2018
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
|
| Loss Contingencies | ||||
| Uncertain tax positions | ¥ 21,723 | $ 3,798 | ¥ 24,714 | |
| Claims about infringement of copyright and unauthorized selling on the Group's website and mobile applications for literature work | ||||
| Loss Contingencies | ||||
| Related claim for damages | ¥ 99,800 | 235,800 | ||
| Maximum actual income the Group generated from such literature work | ¥ 1,500 | |||
| X | ||||||||||
- Definition Maximum actual income the Group generated from such literature work. No definition available.
|
| X | ||||||||||
- Definition Amount recognized for uncertainty in income taxes classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition The value (monetary amount) of the award the plaintiff seeks in the legal matter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
Related Party Transactions (Details) |
12 Months Ended |
|---|---|
Dec. 31, 2017 | |
| Non US listed part of the Phoenix TV Group | |
| Related Party Transaction | |
| Relationships with Group | Under common control by Phoenix TV |
| CMCC | |
| Related Party Transaction | |
| Relationships with Group | A shareholder of Phoenix TV |
| Lilita | |
| Related Party Transaction | |
| Relationships with Group | Cost method investee, related party of Phoenix TV Group |
| Particle | |
| Related Party Transaction | |
| Relationships with Group | Available-for-sale method investee, with a common director of the Company |
| Tianbo | |
| Related Party Transaction | |
| Relationships with Group | Equity method investee |
| Phoenix FM | |
| Related Party Transaction | |
| Relationships with Group | Equity method investee |
| Fenghuang Jingcai | |
| Related Party Transaction | |
| Relationships with Group | Equity method investee |
| Hangzhou Qike | |
| Related Party Transaction | |
| Relationships with Group | Equity method investee |
| Lifeix Inc. | |
| Related Party Transaction | |
| Relationships with Group | Cost method investee |
| Kuailai | |
| Related Party Transaction | |
| Relationships with Group | Cost method investee |
| Mr. Gao Ximin and Mr. Qiao Haiyan | |
| Related Party Transaction | |
| Relationships with Group | Legal shareholders of Tianying Jiuzhou and employees of the Group |
| Mr. He Yansheng | |
| Related Party Transaction | |
| Relationships with Group | Legal shareholder of Yifeng Lianhe and employee of the Group |
| Mr. Wu Haipeng and Mr. He Yansheng | |
| Related Party Transaction | |
| Relationships with Group | Legal shareholders of Chenhuan and employees of the Group |
| X | ||||||||||
- Definition The description of the major related parties' relationship with group. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Related Party Transactions - Transactions with Non US Listed Part of Phoenix TV Group and CMCC (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|
| Related Party Transaction | ||||
| Advertising and promotion expenses charged by related party | $ (115) | ¥ (748) | ¥ (1,277) | ¥ (1,788) |
| Corporate administrative expenses charged by related party | (960) | (6,245) | (260) | (1,812) |
| Advertising revenues earned from related party | 10,358 | 67,393 | 98,413 | 71,048 |
| Paid services revenues earned from and through related party | 21,387 | 139,149 | 122,844 | 276,712 |
| Non US listed part of the Phoenix TV Group | ||||
| Related Party Transaction | ||||
| Content provided by related party | (1,858) | (12,090) | (7,447) | (4,730) |
| Data line services provided by related party | (180) | |||
| Advertising and promotion expenses charged by related party | (4) | (23) | (1,277) | (1,788) |
| Corporate administrative expenses charged by related party | (411) | (2,676) | (195) | (1,750) |
| Trademark license fees charged by related party | (549) | (3,569) | (65) | (62) |
| Project cost charged by related party | (187) | (1,217) | (55) | |
| Revenues earned from related party | 1,453 | 9,454 | 10,356 | 16,510 |
| CMCC | ||||
| Related Party Transaction | ||||
| Advertising revenues earned from related party | 5,147 | 33,491 | 31,956 | 35,787 |
| Paid services revenues earned from and through related party | 21,320 | 138,712 | 122,672 | 273,510 |
| Revenue sharing fees and bandwidth costs to related party | $ (6,702) | ¥ (43,604) | ¥ (20,941) | ¥ (44,359) |
| X | ||||||||||
- Definition Contents Provided by Related Party No definition available.
|
| X | ||||||||||
- Definition Data Line Services Provided by Related Party No definition available.
|
| X | ||||||||||
- Definition General and Administrative Expense Incurred for or Charged by Related Parties No definition available.
|
| X | ||||||||||
- Definition Net Advertising Revenues Earned from Related Parties No definition available.
|
| X | ||||||||||
- Definition Paid Services Revenue Earned from and through Related Parties No definition available.
|
| X | ||||||||||
- Definition Project Cost Charged by Related Parties No definition available.
|
| X | ||||||||||
- Definition Revenues Sharing and Bandwidth Cost to Related Party No definition available.
|
| X | ||||||||||
- Definition Selling and marketing expense incurred for or charged by related parties No definition available.
|
| X | ||||||||||
- Definition Trademark License Fees charged For Or Provided By Related Parties No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Related Party Transactions - Transactions with Investees (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||
|---|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|
| Related Party Transaction | |||||
| Advertising revenues earned from related party | $ 10,358 | ¥ 67,393 | ¥ 98,413 | ¥ 71,048 | |
| Brand license authorization revenues earned from related party | 21,387 | 139,149 | 122,844 | 276,712 | |
| Issuance of convertible loans to related party and related interest income including the effect of foreign exchange | (277) | 248,249 | ¥ (1,799) | ||
| Phoenix FM | |||||
| Related Party Transaction | |||||
| Loans provided to related party | 8,000 | ||||
| Advances provided to/(repaid by) related party | (102) | 71 | |||
| Loans repaid by related party | (7,056) | ||||
| Revenues earned from related party | 131 | 855 | |||
| Tianbo | |||||
| Related Party Transaction | |||||
| Advertising revenues earned from related party | 2,132 | 13,869 | 13,482 | 4,384 | |
| Advances provided to/(repaid by) related party | 4 | 29 | (1,177) | 1,177 | |
| Advertising resources provided by related party | (670) | (39) | |||
| Lilita | |||||
| Related Party Transaction | |||||
| Advertising revenues earned from related party | 1,537 | 10,000 | 42,619 | 14,414 | |
| Brand license authorization revenues earned from related party | 25 | 161 | 172 | 3,155 | |
| Fenghuang Jingcai | |||||
| Related Party Transaction | |||||
| Advances provided to/(repaid by) related party | 19 | ¥ 409 | |||
| Particle | |||||
| Related Party Transaction | |||||
| Loans repaid by related party | (7,492) | (48,747) | |||
| Revenue sharing fees charged by investees | (17) | (111) | |||
| Loans provided to related party and related interest income including the effect of foreign exchange | 13,451 | ¥ 50,337 | 87,514 | ||
| Corporate administrative expenses | (111) | ¥ (725) | |||
| Sale of assets to Particle at carrying value | $ 729 | ¥ 4,740 | |||
| X | ||||||||||
- Definition Advances provided to/(repaid from) related party No definition available.
|
| X | ||||||||||
- Definition Advertising Resources Provided by Related Party No definition available.
|
| X | ||||||||||
- Definition The amount of corporate administrative expenses charged by related party. No definition available.
|
| X | ||||||||||
- Definition Issuance of convertible loans to related party and related interest income including the effect of foreign exchange. No definition available.
|
| X | ||||||||||
- Definition Amount of loans provided to related parties. No definition available.
|
| X | ||||||||||
- Definition Represents the loans provided to related party and related interest income including the effect of foreign exchange. No definition available.
|
| X | ||||||||||
- Definition Amount of loans repaid from related parties. No definition available.
|
| X | ||||||||||
- Definition Net Advertising Revenues Earned from Related Parties No definition available.
|
| X | ||||||||||
- Definition Paid Services Revenue Earned from and through Related Parties No definition available.
|
| X | ||||||||||
- Definition The amount of revenue sharing fees to related parties. No definition available.
|
| X | ||||||||||
- Definition The amount of transfer of asset to related party. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Related Party Transactions - Amounts due from and due to related parties (Details) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|---|---|---|---|
| Amounts due from related parties: | |||
| Due from related party | $ 28,774 | ¥ 187,214 | ¥ 156,260 |
| Amounts due to related parties: | |||
| Due to related party | 2,173 | 14,140 | 18,720 |
| CMCC | |||
| Amounts due from related parties: | |||
| Due from related party | 9,716 | 63,216 | 48,831 |
| Amounts due to related parties: | |||
| Due to related party | 621 | 4,043 | 249 |
| Non US listed part of the Phoenix TV Group | |||
| Amounts due from related parties: | |||
| Due from related party | 1,617 | 10,520 | 31,509 |
| Amounts due to related parties: | |||
| Due to related party | 1,331 | 8,657 | 17,724 |
| Particle | |||
| Amounts due from related parties: | |||
| Due from related party | 13,729 | 89,323 | 50,337 |
| Other Investees | |||
| Amounts due from related parties: | |||
| Due from related party | 3,712 | 24,155 | 25,583 |
| Others | |||
| Amounts due to related parties: | |||
| Due to related party | $ 221 | ¥ 1,440 | ¥ 747 |
| X | ||||||||||
- Definition The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Related Party Transactions - Bad debt provision to receivables (Details) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2014
CNY (¥)
|
|---|---|---|---|---|---|---|
| Related Party Transaction | ||||||
| Bad debt provision to receivables | $ 10,060 | ¥ 65,454 | $ 14,040 | ¥ 91,348 | ¥ 58,846 | ¥ 23,767 |
| Tianbo | ||||||
| Related Party Transaction | ||||||
| Bad debt provision to receivables | 2,300 | 14,700 | ||||
| Lilita | ||||||
| Related Party Transaction | ||||||
| Bad debt provision to receivables | $ 200 | ¥ 1,000 |
| X | ||||||||||
- Definition For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Related Party Transactions - Unsecured term loans granted to Particle (Details) ¥ in Thousands, $ in Thousands |
1 Months Ended | 12 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|
|
Jan. 31, 2017
USD ($)
|
Jan. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Nov. 30, 2016
USD ($)
|
Nov. 30, 2016
CNY (¥)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|
| Related Party Transaction | |||||||||
| Amounts due from related parties | ¥ 156,260 | $ 28,774 | ¥ 156,260 | ¥ 187,214 | |||||
| Particle | |||||||||
| Related Party Transaction | |||||||||
| Amounts due from related parties | ¥ 50,337 | 13,729 | 50,337 | 89,323 | |||||
| Total interest income arising from loans provided to Particle, convertible loans due from Particle and bank interest expenses incurred by the Company but borne by Particle | 3,500 | ¥ 23,100 | 9,100 | ||||||
| Particle | Loan Granted to Related Party in November 2016 | |||||||||
| Related Party Transaction | |||||||||
| Interest rate of short-term unsecured loans | 9.00% | 9.00% | |||||||
| Maturity of short-term unsecured loans | 12 months | 6 months | 6 months | ||||||
| Principal amount of short-term unsecured loans | $ 6,800 | ¥ 45,900 | |||||||
| Amounts due from related parties | ¥ 47,800 | ¥ 47,800 | |||||||
| Particle | Loan Granted to Related Party in January 2017 | |||||||||
| Related Party Transaction | |||||||||
| Interest rate of short-term unsecured loans | 9.00% | 9.00% | |||||||
| Maturity of short-term unsecured loans | 12 months | 12 months | |||||||
| Principal amount of short-term unsecured loans | $ 10,800 | ¥ 74,000 | |||||||
| Amounts due from related parties | $ 12,400 | ¥ 80,400 | |||||||
| X | ||||||||||
- Definition Amount of short-term unsecured loans granted No definition available.
|
| X | ||||||||||
- Definition Interest rate of short-term unsecured loans per annum. No definition available.
|
| X | ||||||||||
- Definition Period before short-term loans provided to a related party mature, in 'PnYnMnDTnHnMnS' format. No definition available.
|
| X | ||||||||||
- Definition The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The net amount of nonoperating interest income (expense). No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Restricted Net Assets (Details) - Company's subsidiaries, VIEs and subsidiaries of VIEs incorporated in PRC ¥ in Millions, $ in Millions |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Restricted Net Assets | |||
| Portion of after-tax profit to be allocated to general reserve fund under PRC law (as a percent) | 10.00% | ||
| Required general reserve/registered capital ratio to de-force compulsory net profit allocation to general reserve (as a percent) | 50.00% | ||
| Restricted net assets | $ 85.2 | ¥ 554.3 | ¥ 551.8 |
| X | ||||||||||
- Definition The maximum percentage of the appropriation to the statutory surplus fund over the after-tax profits calculated in accordance with PRC GAAP. No definition available.
|
| X | ||||||||||
- Definition The percentage of the surplus fund over the registered capital of the respective company thus appropriation is not required. No definition available.
|
| X | ||||||||||
- Definition Schedule of restricted net assets [Line Items] No definition available.
|
| X | ||||||||||
- Definition Amount of restricted net assets of consolidated and unconsolidated subsidiaries as of the end of the most recently completed fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
Subsequent Events (Details) - Subsequent Event $ in Millions |
1 Months Ended | |
|---|---|---|
|
Apr. 30, 2018
USD ($)
|
Jan. 31, 2018
loan
|
|
| Particle | ||
| Subsequent Events | ||
| Number of extended short-term unsecured loans | loan | 2 | |
| Extended maturity of short-term unsecured loans | 6 months | |
| Long De | ||
| Subsequent Events | ||
| Assignment price of the August 2016 Loan | $ | $ 17.0 | |
| X | ||||||||||
- Definition Extended period before short-term loans provided to a related party mature, in 'PnYnMnDTnHnMnS' format. No definition available.
|
| X | ||||||||||
- Definition Number of short term unsecured loans extended. No definition available.
|
| X | ||||||||||
- Definition Amount of payment for loan assignment from related parties. No definition available.
|
| X | ||||||||||
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Additional Information - Condensed Financial Statements of the Company - Balance Sheets (Details) ¥ in Thousands, $ in Thousands |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2014
CNY (¥)
|
|---|---|---|---|---|---|---|
| Current assets: | ||||||
| Cash and cash equivalents | $ 55,771 | ¥ 362,862 | ¥ 202,694 | ¥ 310,669 | ||
| Amounts due from related parties | 28,774 | 187,214 | 156,260 | |||
| Prepayments and other current assets | 8,831 | 57,458 | 64,069 | |||
| Convertible loans due from a related party | 15,774 | 102,631 | 104,429 | |||
| Total current assets | 344,784 | 2,243,266 | 2,068,385 | |||
| Non-current assets: | ||||||
| Investments using equity accounting | 2,300 | 15,100 | ||||
| Available-for-sale investments | 183,873 | 1,196,330 | 939,432 | |||
| Total non-current assets | 208,389 | 1,355,842 | 1,100,157 | |||
| Total assets | 553,173 | 3,599,108 | 3,168,542 | |||
| Current liabilities: | ||||||
| Amounts due to related parties | 2,173 | 14,140 | 18,720 | |||
| Accrued expenses and other current liabilities | 26,628 | 173,253 | 111,049 | |||
| Total current liabilities | 164,753 | 1,071,931 | 983,079 | |||
| Total liabilities | 168,753 | 1,097,957 | 1,006,114 | |||
| Shareholders' equity: | ||||||
| Additional paid-in capital | 244,006 | 1,587,575 | 1,555,511 | |||
| Statutory reserves | 12,486 | 81,237 | 77,946 | |||
| Retained earnings | 35,235 | 229,250 | 195,069 | |||
| Accumulated other comprehensive income | 87,645 | 570,244 | 298,346 | |||
| Total shareholders' equity | 384,420 | 2,501,151 | 2,162,428 | 1,804,686 | ¥ 1,716,658 | |
| Total liabilities and shareholders' equity | 553,173 | 3,599,108 | 3,168,542 | |||
| Class A ordinary shares | ||||||
| Shareholders' equity: | ||||||
| Ordinary shares | 2,641 | 17,180 | 16,843 | |||
| Class B ordinary shares | ||||||
| Shareholders' equity: | ||||||
| Ordinary shares | 3,389 | 22,053 | 22,053 | |||
| Parent Company | ||||||
| Current assets: | ||||||
| Cash and cash equivalents | 6,334 | 41,208 | $ 5,031 | 32,731 | ¥ 14,022 | ¥ 341,433 |
| Amounts due from related parties | 1,336 | 8,702 | 50,343 | |||
| Amounts due from subsidiaries and VIEs | 33,048 | 215,018 | 228,050 | |||
| Prepayments and other current assets | 141 | 920 | 1,565 | |||
| Convertible loans due from a related party | 15,774 | 102,631 | 104,429 | |||
| Total current assets | 56,633 | 368,479 | 417,118 | |||
| Non-current assets: | ||||||
| Investments using equity accounting | 201,988 | 1,314,191 | 1,251,578 | |||
| Available-for-sale investments | 183,873 | 1,196,330 | 939,432 | |||
| Total non-current assets | 385,861 | 2,510,521 | 2,191,010 | |||
| Total assets | 442,494 | 2,879,000 | 2,608,128 | |||
| Current liabilities: | ||||||
| Amounts due to related parties | 4,609 | |||||
| Amounts due to subsidiaries and VIEs | 56,861 | 369,955 | 435,724 | |||
| Accrued expenses and other current liabilities | 231 | 1,506 | 2,027 | |||
| Total current liabilities | 57,092 | 371,461 | 442,360 | |||
| Total liabilities | 57,092 | 371,461 | 442,360 | |||
| Shareholders' equity: | ||||||
| Additional paid-in capital | 244,006 | 1,587,575 | 1,555,511 | |||
| Statutory reserves | 12,486 | 81,237 | 77,946 | |||
| Retained earnings | 35,235 | 229,250 | 195,069 | |||
| Accumulated other comprehensive income | 87,645 | 570,244 | 298,346 | |||
| Total shareholders' equity | 385,402 | 2,507,539 | 2,165,768 | |||
| Total liabilities and shareholders' equity | 442,494 | 2,879,000 | 2,608,128 | |||
| Parent Company | Class A ordinary shares | ||||||
| Shareholders' equity: | ||||||
| Ordinary shares | 2,641 | 17,180 | 16,843 | |||
| Parent Company | Class B ordinary shares | ||||||
| Shareholders' equity: | ||||||
| Ordinary shares | $ 3,389 | ¥ 22,053 | ¥ 22,053 |
| X | ||||||||||
- Definition Short-term loans advanced due from a related party of which the Group may at its option convert all or a portion into preferred shares. No definition available.
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| X | ||||||||||
- Definition Amount of receivables to be collected from subsidiaries and VIEs at the financial statement date which are usually due within one year (or one business cycle). No definition available.
|
| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of obligations due to all subsidiaries and VIEs. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). No definition available.
|
| X | ||||||||||
- Definition Represents appropriations to certain non-distributable statutory reserves in accordance with laws applicable to the reporting entity, its subsidiaries and consolidated VIEs. The reporting entity and its subsidiaries have to make appropriations from its after-tax profit. No definition available.
|
| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Equity securities categorized neither as held-to-maturity nor trading which are intended be sold more than one year from the balance sheet date or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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Additional Information - Condensed Financial Statements of the Company - Balance Sheets Additional Information (Details) - $ / shares |
Dec. 31, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Class A ordinary shares | ||
| Condensed Balance Sheet Statements | ||
| Ordinary shares, par value | $ 0.01 | $ 0.01 |
| Ordinary shares, authorized | 680,000,000 | 680,000,000 |
| Ordinary shares, issued | 260,001,486 | 254,909,790 |
| Ordinary shares, outstanding | 260,001,486 | 254,909,790 |
| Class B ordinary shares | ||
| Condensed Balance Sheet Statements | ||
| Ordinary shares, par value | $ 0.01 | $ 0.01 |
| Ordinary shares, authorized | 320,000,000 | 320,000,000 |
| Ordinary shares, issued | 317,325,360 | 317,325,360 |
| Ordinary shares, outstanding | 317,325,360 | 317,325,360 |
| Parent Company | Class A ordinary shares | ||
| Condensed Balance Sheet Statements | ||
| Ordinary shares, par value | $ 0.01 | $ 0.01 |
| Ordinary shares, authorized | 680,000,000 | 680,000,000 |
| Ordinary shares, issued | 260,001,486 | 254,909,790 |
| Ordinary shares, outstanding | 260,001,486 | 254,909,790 |
| Parent Company | Class B ordinary shares | ||
| Condensed Balance Sheet Statements | ||
| Ordinary shares, par value | $ 0.01 | $ 0.01 |
| Ordinary shares, authorized | 320,000,000 | 320,000,000 |
| Ordinary shares, issued | 317,325,360 | 317,325,360 |
| Ordinary shares, outstanding | 317,325,360 | 317,325,360 |
| X | ||||||||||
- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
Additional Information - Condensed Financial Statements of the Company - Statements of Comprehensive Income (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
||||
| Operating expenses: | |||||||
| General and administrative expenses | [1] | $ (22,582) | ¥ (146,923) | ¥ (181,677) | ¥ (183,989) | ||
| Total operating expenses | [1] | (128,017) | (832,912) | (682,728) | (700,836) | ||
| Loss from operations | 2,302 | 14,983 | 35,372 | 78,974 | |||
| Other income: | |||||||
| Foreign currency exchange (loss)/gain | (3,621) | (23,560) | 9,608 | (1,054) | |||
| Gain on disposal of an equity investment and acquisition of available-for-sale investments | 4,643 | ||||||
| Others, net | 2,985 | 19,423 | 21,053 | 29,294 | |||
| Net income | 5,291 | 34,424 | 78,220 | 72,385 | |||
| Comprehensive income | 47,080 | 306,322 | 353,225 | 111,067 | |||
| Parent Company | |||||||
| Operating expenses: | |||||||
| General and administrative expenses | (1,387) | (9,027) | (8,649) | (10,783) | |||
| Total operating expenses | (1,387) | (9,027) | (8,649) | (10,783) | |||
| Loss from operations | (1,387) | (9,027) | (8,649) | (10,783) | |||
| Other income: | |||||||
| Interest income | 2,606 | 16,953 | 10,016 | 4,625 | |||
| Foreign currency exchange (loss)/gain | (115) | (746) | 2,512 | (4,948) | |||
| Gain on disposal of an equity investment and acquisition of available-for-sale investments | 4,643 | ||||||
| Others, net | 382 | 2,488 | 2,476 | 6,242 | |||
| Share of profit of investments using equity accounting, including impairments | 4,273 | 27,804 | 74,256 | 73,805 | |||
| Net income | 5,759 | 37,472 | 80,611 | 73,584 | |||
| Other comprehensive income | 41,789 | 271,898 | 275,005 | 38,682 | |||
| Comprehensive income | $ 47,548 | ¥ 309,370 | ¥ 355,616 | ¥ 112,266 | |||
| |||||||
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of an equity method investment. No definition available.
|
| X | ||||||||||
- Definition Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before tax of income (loss) of subsidiary attributable to the parent entity. No definition available.
|
| X | ||||||||||
- Definition The net amount of nonoperating interest income (expense). No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
Additional Information - Condensed Financial Statements of the Company - Statements of Cash Flows (Details) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
|||
| Cash flows from operating activities: | ||||||
| Net cash (used in) operating activities | $ 26,588 | ¥ 172,980 | ¥ 203,686 | ¥ 220,812 | ||
| Cash flows from investing activities: | ||||||
| Placement of term deposits and short term investments | (423,425) | (2,754,930) | (3,199,923) | (3,288,344) | ||
| Maturity of term deposits and short term investments | 429,934 | 2,797,282 | 3,189,803 | 2,562,584 | ||
| Investments in available-for-sale investments | (352,008) | |||||
| Issuance of convertible loans to a related party | (228,280) | |||||
| Loans provided to a related party | (11,374) | (74,000) | (45,865) | |||
| Loans repaid by a related party | 8,155 | 53,058 | ||||
| Net cash used in investing activities* | [1] | (983) | (6,390) | (313,547) | (1,131,868) | |
| Cash flows from financing activities: | ||||||
| Proceeds from exercise of stock options | 1,901 | 12,368 | 2,436 | 6,944 | ||
| Repurchase of ordinary shares | (66,417) | |||||
| Net cash provided by/(used in) financing activities | (2,495) | (16,234) | 217,148 | 64,366 | ||
| Cash and cash equivalents at the beginning of the year | 202,694 | 310,669 | ||||
| Cash and cash equivalents at the end of the year | 55,771 | 362,862 | 202,694 | 310,669 | ||
| Parent Company | ||||||
| Cash flows from operating activities: | ||||||
| Net cash (used in) operating activities | (1,242) | (8,078) | (2,323) | (8,754) | ||
| Cash flows from investing activities: | ||||||
| Placement of term deposits and short term investments | (14,443) | (93,970) | (83,854) | |||
| Maturity of term deposits and short term investments | 14,443 | 93,970 | 83,854 | |||
| Investments in available-for-sale investments | (352,008) | |||||
| Issuance of convertible loans to a related party | (228,280) | |||||
| Loans provided to a related party | (45,865) | |||||
| Loans repaid by a related party | 8,155 | 53,058 | ||||
| Investments in investments using equity accounting | (3,554) | (35,757) | ||||
| Net cash used in investing activities* | 8,155 | 53,058 | (193,845) | (471,619) | ||
| Cash flows from financing activities: | ||||||
| Borrowings from subsidiaries and VIEs | 212,441 | 212,435 | ||||
| Payments to subsidiaries and VIEs | (7,511) | (48,871) | ||||
| Proceeds from exercise of stock options | 1,901 | 12,368 | 2,436 | 6,944 | ||
| Repurchase of ordinary shares | (66,417) | |||||
| Net cash provided by/(used in) financing activities | (5,610) | (36,503) | 214,877 | 152,962 | ||
| Net (decrease)/ increase in cash and cash equivalents | 1,303 | 8,477 | 18,709 | (327,411) | ||
| Cash and cash equivalents at the beginning of the year | 5,031 | 32,731 | 14,022 | 341,433 | ||
| Cash and cash equivalents at the end of the year | $ 6,334 | ¥ 41,208 | ¥ 32,731 | ¥ 14,022 | ||
| ||||||
| X | ||||||||||
- Definition The cash inflow associated with proceeds from subsidiaries and VIEs. No definition available.
|
| X | ||||||||||
- Definition Maturity of term deposits and short term investments, as cash flows from investing activities. No definition available.
|
| X | ||||||||||
- Definition The cash outflow to pay subsidiaries and VIEs. No definition available.
|
| X | ||||||||||
- Definition The cash outflow associated with payment of subsidiaries and VIEs. No definition available.
|
| X | ||||||||||
- Definition The cash outflow in the form of short-term loans advanced to a related party of which the Group may at its option convert all or a portion into preferred shares. No definition available.
|
| X | ||||||||||
- Definition Placement of term deposits and short term investments, as cash flows from investing activities. No definition available.
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash outflow to acquire equity securities classified as available-for-sale securities, because they are not classified as trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash outflow for the purchase of loan receivable arising from the financing of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow from a long-term borrowing made from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Proceeds from Advances from Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash inflow from exercise of stock options granted under share-based compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|