Document and Entity Information
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12 Months Ended |
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Dec. 31, 2014
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Document Information [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2014 |
Document Fiscal Year Focus | 2014 |
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 |
Trading Symbol | FENG |
Class A ordinary shares [Member]
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Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 260,204,642 |
Class B ordinary shares [Member]
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Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 317,325,360 |
X | ||||||||||
- 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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- Details
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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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X | ||||||||||
- 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 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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- Definition
Trading symbol of an instrument as listed on an exchange. No definition available.
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Consolidated Balance Sheets
In Thousands, unless otherwise specified |
Dec. 31, 2014
USD ($)
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Dec. 31, 2014
CNY
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Dec. 31, 2013
CNY
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Dec. 31, 2014
Class A ordinary shares (US$0.01 par value, 680,000,000 shares authorized; 282,578,957 and 260,204,642 shares issued and outstanding as of December 31, 2013 and 2014, respectively) [Member]
USD ($)
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Dec. 31, 2014
Class A ordinary shares (US$0.01 par value, 680,000,000 shares authorized; 282,578,957 and 260,204,642 shares issued and outstanding as of December 31, 2013 and 2014, respectively) [Member]
CNY
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Dec. 31, 2013
Class A ordinary shares (US$0.01 par value, 680,000,000 shares authorized; 282,578,957 and 260,204,642 shares issued and outstanding as of December 31, 2013 and 2014, respectively) [Member]
CNY
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Dec. 31, 2014
Class B ordinary shares (US$0.01 par value, 320,000,000 shares authorized; 317,325,360 and 317,325,360 shares issued and outstanding as of December 31, 2013 and 2014, respectively) [Member]
USD ($)
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Dec. 31, 2014
Class B ordinary shares (US$0.01 par value, 320,000,000 shares authorized; 317,325,360 and 317,325,360 shares issued and outstanding as of December 31, 2013 and 2014, respectively) [Member]
CNY
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Dec. 31, 2013
Class B ordinary shares (US$0.01 par value, 320,000,000 shares authorized; 317,325,360 and 317,325,360 shares issued and outstanding as of December 31, 2013 and 2014, respectively) [Member]
CNY
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Current assets: | ||||||||||||
Cash and cash equivalents | $ 207,241 | 1,285,847 | 845,138 | [1] | ||||||||
Term deposits and short term investments | 6,447 | 40,000 | 556,672 | [1] | ||||||||
Restricted cash | 0 | 0 | 10,000 | |||||||||
Accounts receivable, net | 79,549 | 493,569 | 353,379 | |||||||||
Amounts due from related parties | 28,402 | 176,224 | 125,158 | |||||||||
Prepayments and other current assets | 6,883 | 42,703 | 27,911 | |||||||||
Deferred tax assets | 3,959 | 24,565 | 22,779 | |||||||||
Total current assets | 332,481 | 2,062,908 | 1,941,037 | |||||||||
Non-current assets: | ||||||||||||
Property and equipment, net | 14,456 | 89,694 | 95,126 | |||||||||
Intangible assets, net | 2,404 | 14,913 | 7,919 | |||||||||
Available-for-sale investment | 12,425 | 77,093 | 0 | |||||||||
Equity investments | 11,101 | 68,880 | 0 | |||||||||
Other non-current assets | 2,150 | 13,342 | 12,678 | |||||||||
Total non-current assets | 42,536 | 263,922 | 115,723 | |||||||||
Total assets | 375,017 | 2,326,830 | 2,056,760 | |||||||||
Current liabilities (including amounts of the consolidated VIEs without recourse to the Company of RMB381,897 and RMB581,781 (US$93,767) as of December 31, 2013 and 2014, respectively. Note 1): | ||||||||||||
Accounts payable | 43,774 | 271,599 | 218,604 | |||||||||
Amounts due to related parties | 3,625 | 22,489 | 21,034 | |||||||||
Advances from customers | 2,835 | 17,587 | 10,732 | |||||||||
Taxes payable | 14,334 | 88,938 | 58,140 | |||||||||
Salary and welfare payable | 16,935 | 105,073 | 98,831 | |||||||||
Accrued expenses and other current liabilities | 13,910 | 86,307 | 62,153 | |||||||||
Total current liabilities | 95,413 | 591,993 | 469,494 | |||||||||
Non-current liabilities (including amounts of the consolidated VIEs without recourse to the Company of RMB12,231 and RMB18,179 (US$2,929) as of December 31, 2013 and 2014, respectively. Note 1): | ||||||||||||
Deferred tax liabilities | 211 | 1,312 | 0 | |||||||||
Long-term liabilities | 2,718 | 16,867 | 12,231 | |||||||||
Total non-current liabilities | 2,929 | 18,179 | 12,231 | |||||||||
Total liabilities | 98,342 | 610,172 | 481,725 | |||||||||
Commitments and contingencies (Note 21) | ||||||||||||
Shareholders' equity: | ||||||||||||
Ordinary shares | 2,785 | 17,278 | 18,530 | 3,554 | 22,053 | 22,053 | ||||||
Additional paid-in capital | 255,815 | 1,587,227 | 1,734,993 | |||||||||
Treasury stock (nil and 2,039,656 shares as of December 31, 2013 and 2014, respectively) | (2,156) | (13,379) | 0 | |||||||||
Statutory reserves | 10,632 | 65,968 | 50,330 | |||||||||
(Accumulated deficit)/Retained earnings | 8,518 | 52,852 | (194,601) | |||||||||
Accumulated other comprehensive loss | (2,473) | (15,341) | (60,127) | |||||||||
Total Phoenix New Media Limited shareholders' equity | 276,675 | 1,716,658 | 1,571,178 | |||||||||
Noncontrolling interests | 0 | 0 | 3,857 | |||||||||
Total shareholders' equity | 276,675 | 1,716,658 | 1,575,035 | |||||||||
Total liabilities and shareholders' equity | $ 375,017 | 2,326,830 | 2,056,760 | |||||||||
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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.
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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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X | ||||||||||
- 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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X | ||||||||||
- 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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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 | ||||||||||
- Details
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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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- Details
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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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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
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X | ||||||||||
- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 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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X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after 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 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
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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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 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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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
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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
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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
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X | ||||||||||
- Details
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X | ||||||||||
- 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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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The noncurrent portion of the amount recognized for uncertain tax positions as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- 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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X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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
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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X | ||||||||||
- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity 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. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. For a classified balance sheet represents the current portion only (the noncurrent portion has a separate concept); there is a separate and distinct element for unclassified presentations. 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
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X | ||||||||||
- 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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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 | ||||||||||
- Details
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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
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X | ||||||||||
- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Balance Sheets (Parenthetical)
In Thousands, except Share data, unless otherwise specified |
Dec. 31, 2014
USD ($)
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Dec. 31, 2014
CNY
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Dec. 31, 2013
CNY
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Current liabilities of consolidated VIEs without recourse to the Company | $ 93,767 | 581,781 | 381,897 |
Non-current liabilities of consolidated VIEs without recourse to the Company | $ 2,929 | 18,179 | 12,231 |
Treasury stock, shares | 2,039,656 | 2,039,656 | 0 |
X | ||||||||||
- Definition
Current liabilities of consolidated VIEs without recourse to the Company No definition available.
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X | ||||||||||
- Definition
Long-term liabilities of consolidated VIEs without recourse to the Company No definition available.
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X | ||||||||||
- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Comprehensive Income
In Thousands, except Share data, unless otherwise specified |
12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
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Dec. 31, 2013
CNY
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Dec. 31, 2012
CNY
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Revenues: | ||||||||||
Net advertising revenues | $ 191,819 | [1] | 1,190,158 | [1] | 863,737 | [1] | 610,160 | [1] | ||
Paid service revenues | 72,156 | [1] | 447,702 | [1] | 560,738 | [1] | 500,844 | [1] | ||
Total revenues | 263,975 | [1] | 1,637,860 | [1] | 1,424,475 | [1] | 1,111,004 | [1] | ||
Cost of revenues | (125,976) | [1] | (781,632) | [1] | (696,355) | [1] | (631,299) | [1] | ||
Gross profit | 137,999 | 856,228 | 728,120 | 479,705 | ||||||
Operating expenses: | ||||||||||
Sales and marketing expenses | (53,312) | [1] | (330,777) | [1] | (273,399) | [1] | (197,038) | [1] | ||
General and administrative expenses | (22,212) | [1] | (137,818) | [1] | (97,849) | [1] | (106,736) | [1] | ||
Technology and product development expenses | (24,175) | [1] | (149,996) | [1] | (108,683) | [1] | (91,292) | [1] | ||
Total operating expenses | (99,699) | [1] | (618,591) | [1] | (479,931) | [1] | (395,066) | [1] | ||
Income from operations | 38,300 | 237,637 | 248,189 | 84,639 | ||||||
Other income: | ||||||||||
Interest income | 7,500 | 46,535 | 32,775 | 32,869 | ||||||
Foreign currency exchange gain/(loss) | (977) | (6,059) | 19,687 | 1,897 | ||||||
Gain on disposition of subsidiaries and acquisition of equity investments | 4,780 | 29,660 | 0 | 0 | ||||||
Loss from equity investments | (2,988) | (18,538) | 0 | 0 | ||||||
Others, net | 3,427 | 21,261 | 14,960 | 4,931 | ||||||
Income before tax | 50,042 | 310,496 | 315,611 | 124,336 | ||||||
Income tax expense | (7,797) | (48,377) | (37,588) | (16,977) | ||||||
Net income | 42,245 | 262,119 | 278,023 | 107,359 | ||||||
Net loss attributable to noncontrolling interests | 157 | 972 | 1,531 | 0 | ||||||
Net income attributable to Phoenix New Media Limited | 42,402 | 263,091 | 279,554 | 107,359 | ||||||
Net income | 42,245 | 262,119 | 278,023 | 107,359 | ||||||
Other comprehensive income, net of tax: fair value remeasurement for available-for-sale investment | 6,492 | 40,283 | ||||||||
Other comprehensive income/(loss), net of tax: foreign currency translation adjustment | 726 | 4,503 | (23,179) | (1,979) | ||||||
Comprehensive income | 49,463 | 306,905 | 254,844 | 105,380 | ||||||
Comprehensive loss attributable to noncontrolling interests | 157 | 972 | 1,531 | 0 | ||||||
Comprehensive income attributable to Phoenix New Media Limited | 49,620 | 307,877 | 256,375 | 105,380 | ||||||
Net income attributable to Phoenix New Media Limited | $ 42,402 | 263,091 | 279,554 | 107,359 | ||||||
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X | ||||||||||
- Definition
The amount of interest income from deposits with banks. No definition available.
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X | ||||||||||
- Definition
Paid service revenues are derived from mobile Internet value-added services and video value-added services. 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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X | ||||||||||
- 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
|
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
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
The amount of the gain (loss) recognized by the parent and included in its attributable portion of net income for the period due to deconsolidation of a subsidiary or derecognition of a group of assets. The gain (loss) recognized and included in the net income attributable to the parent for the period is generally computed as the difference between: (a) the aggregate of: (1) the fair value of any consideration received; (2) the fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary was deconsolidated; and (3) the carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary was deconsolidated and (b) the carrying amount of the former subsidiary's assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
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
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. 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 | ||||||||||
- Details
|
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 | ||||||||||
- Details
|
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
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. 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 | ||||||||||
- Details
|
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.
|
Consolidated Statements of Comprehensive Income (Parenthetical)
In Thousands, except Share data, unless otherwise specified |
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Class A ordinary shares [Member]
|
Dec. 31, 2013
Class A ordinary shares [Member]
|
Dec. 31, 2012
Class A ordinary shares [Member]
|
|
Number of ordinary shares that each ADS represents | 8 | 8 | 8 | ||||
Revenues, cost of revenues and operating expenses include transactions with related parties as follows: | |||||||
Net advertising revenues | $ 8,956 | 55,565 | 45,127 | 35,438 | |||
Paid service revenues | 46,999 | 291,610 | 413,407 | 429,125 | |||
Cost of revenues | (7,401) | (45,917) | (76,491) | (67,481) | |||
Sales and marketing expenses | (201) | (1,246) | (1,040) | (916) | |||
General and administrative expenses | $ (57) | (354) | (404) | (646) |
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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
Selling and marketing expense incurred for or charged by related parties No definition available.
|
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
This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation". Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of the reduction or elimination during the period of a noncontrolling interest resulting from the parent's loss of control and deconsolidation of the entity in which one or more outside parties had a noncontrolling interest. 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
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
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
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
Number of shares of stock issued during the period as part of a transaction to acquire assets that do not qualify as a business combination. No definition available.
|
X | ||||||||||
- Definition
Number of shares related to Restricted Stock Award forfeited during the period. 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
Value of shares of stock issued during the period as part of a transaction to acquire assets that do not qualify as a business combination. No definition available.
|
X | ||||||||||
- Definition
Value of stock related to Restricted Stock Awards forfeited during the period. 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
|
X | ||||||||||
- Definition
Amount of cash inflow from capital contribution received from noncontrolling shareholders. 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
Maturity of term deposits and short term investments, as cash flows from investing activities. No definition available.
|
X | ||||||||||
- Definition
Placement of term deposits and short term investments, as cash flows from investing activities. No definition available.
|
X | ||||||||||
- Definition
Prepayment to securities company for share repurchasement. The amount has not been used as of period end. No definition available.
|
X | ||||||||||
- Definition
Purchase of property and equipment and intangible assets included in accounts payable in a noncash transaction. No definition available.
|
X | ||||||||||
- Details
|
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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of the gain (loss) recognized by the parent and included in its attributable portion of net income for the period due to deconsolidation of a subsidiary or derecognition of a group of assets. The gain (loss) recognized and included in the net income attributable to the parent for the period is generally computed as the difference between: (a) the aggregate of: (1) the fair value of any consideration received; (2) the fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary was deconsolidated; and (3) the carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary was deconsolidated and (b) the carrying amount of the former subsidiary's assets and liabilities. 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 | ||||||||||
- 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 the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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 property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. 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
The increase (decrease) during the reporting period in the aggregate amount of accrued expenses and other operating obligations not separately disclosed in the statement of cash flows. 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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in other noncurrent operating assets not separately disclosed in the statement of cash flows. No definition available.
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. 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 | ||||||||||
- Details
|
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 | ||||||||||
- Details
|
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 | ||||||||||
- Details
|
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 associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition
This element represents the cash inflow during the period from the sale of a component of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow from a noncontrolling interest. Includes, but is not limited to, purchase of additional shares or other increase in noncontrolling interest ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. 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
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
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Organization and Principal Activities
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2014
|
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Organization and Principal Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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, 2014, the Company had ten subsidiaries, five VIEs for which subsidiaries of the Company are the primary beneficiary, and four subsidiaries of a VIE. The Company, its subsidiaries, VIEs and subsidiaries of one of the VIEs are hereinafter collectively referred to as the Group. The Group generates revenues from providing advertising services and paid services, which include mobile value-add services (MVAS) and games and others. Tianying Jiuzhou and Yifeng Lianhe hold the necessary licenses and approvals to operate Internet-related businesses in the PRC. In addition, the VIEs are in the process of applying for certain 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 one of the VIEs as of December 31, 2014 are set out below:
In order to comply with Chinese laws and regulations that prohibit or restrict foreign ownership of companies that operate Internet content and advertising 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 Fenghuang On-line, Chenhuan, Youjiuzhou and Huanyou Tianxia and their legal shareholders in 2014, respectively. Through the aforementioned activities, Tianying Jiuzhou, Yifeng Lianhe, Chenhuan, Youjiuzhou and Huanyou Tianxia are considered VIEs in accordance with accounting principles generally accepted in the United States (U.S. GAAP). Fenghuang On-line is entitled to substantially all the economic risks and rewards associated with the VIEs, and is the primary beneficiary of the VIEs.
Voting Right Entrustment Agreements
Pursuant to the voting right entrustment agreements among the VIEs, their legal shareholders and Fenghuang On-line, each legal shareholder of the VIEs has agreed to grant a person designated by Fenghuang On-line 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 Fenghuang On-line decides in its discretion to terminate the relevant agreement.
Exclusive Equity Option Agreements
Under the exclusive equity option agreement among the VIEs, their legal shareholders and Fenghuang On-line, the legal shareholders of the VIEs irrevocably granted Fenghuang On-line or its 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 interests in the VIEs have been duly transferred to Fenghuang On-line or its designated representative.
Loan Agreements
Pursuant to the loan agreements among Fenghuang On-line and legal shareholders of its VIEs, Fenghuang On-line 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 shareholders equity interests in the applicable VIE to Fenghuang On-line or its 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, the legal shareholders of the VIEs have pledged their respective equity interests in the VIEs to Fenghuang On-line 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.
Exclusive Technical Licensing and Service Agreements
Under the exclusive technical licensing and service agreements between Fenghuang On-line and each of the VIEs, Fenghuang On-line has the exclusive right to provide technical and consulting services to the VIEs. The VIEs have agreed to pay a service fee to Fenghuang On-line equal to a certain percentage of their respective annual revenues plus a special service fee for certain services rendered by Fenghuang On-line 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. Each exclusive technical services agreement will remain in effect indefinitely and can be terminated only by Fenghuang On-line unless otherwise required by law.
The Group has evaluated the relationship among the Company, Fenghuang On-line 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, is considered the primary beneficiary of the VIEs and therefore includes the VIEs assets, liabilities and operating results in its consolidated financial statements. With the Contractual Agreements with the VIEs, the Company has the power to direct the activities of the VIEs, and can freely have assets transferred out of the VIEs without any restrictions. Only the registered capital and PRC statutory reserves of the VIEs amounted to RMB31.4 million (US$5.1 million) as of December 31, 2014 can be used to solely settle obligations of the VIEs. As both the consolidated VIEs are incorporated as limited liability companies under the PRC Company Law, the creditors of the VIEs liabilities 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 assets, liabilities, results of operations and cash flows of the consolidated VIEs:
As of December 31, 2014, 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 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 comprise Property and Equipment and operating rights for licensed games. As of December 31, 2014, the total liabilities for the consolidated VIEs mainly comprised accounts payable, amounts due to related parties, amounts due to inter-company entities, advances from customers, salary and welfare payable, taxes payable and accrued expenses and other current liabilities. The inter-company technical services fees charged by other entities of the Group to the consolidated VIEs were included in the net income of the consolidated VIEs amounted to RMB186.0 million, RMB380.9 million and RMB414.4 million (US$66.8 million) for the years ended December 31, 2012, 2013 and 2014, respectively. The balances and transactions of the consolidated VIEs were reflected in the Companys consolidated financial statements with inter-company transactions eliminated.
It is possible that the Groups 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 Groups 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 Peoples 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 Groups VIE arrangements, and as a result the Groups 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 Groups 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 Groups 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 Groups business operations, and have a severe adverse impact on the Groups cash flows, financial position and operating performance.
In addition, it is possible that the contracts among the Group, the Groups VIEs and shareholders of its VIEs would not be enforceable in China if PRC government authorities or courts were to find that such contracts contravene PRC law and regulations or are otherwise not enforceable for public policy reasons. In the event that the Group was unable to enforce these Contractual Arrangements, the Group would not be able to exert effective control over the affected VIEs. Consequently, such VIEs results of operations, assets and liabilities would not be included in the Groups consolidated financial statements. If such were the case, the Groups cash flows, financial position and operating performance would be severely adversely affected. The Groups Contractual Arrangements with respect to its consolidated VIEs are approved and in place. The Groups management believes that such contracts are enforceable, and considers the possibility remote that PRC regulatory authorities with jurisdiction over the Groups operations and contractual relationships would find the contracts to be unenforceable.
There is no entity in the Group for which the Company has a variable interest but is not the primary beneficiary as of December 31, 2014.
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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 [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 one of its 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 VIE have been eliminated upon consolidation. Based on the Contractual Arrangements (see Note 1), the Company consolidates the VIEs as required by Accounting Standards Codification (ASC) 810 Consolidation, because Fenghuang On-line holds all the variable interests of the VIEs and has been determined to be the primary beneficiary of the VIEs.
The Group and Phoenix TV Group have engaged in various mutual cooperation activities in content, branding and promotions, technical support and corporate management. There was no payment for these arrangements until November 2009, when the Group entered into a cooperation 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 (See Note 21(a)). The agreement was effective as of January 1, 2010. Accordingly, the related costs and expenses were recorded by the Group based on the cooperation agreement for the years ended December 31, 2012, 2013 and 2014.
Apart from the above cooperation agreement, 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 Groups 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 service revenues, the determination of estimated selling prices of multiple elements revenues contract, accounting for income taxes and uncertain tax positions, allowances for doubtful accounts, share-based compensation, consolidation, determination of the estimated useful lives of property and equipment and intangible assets, assessment of impairment of long-lived assets, determination of the fair value of financial instruments , determination of the fair value of retained equity interest in deconsolidation and foreign currency.
(c) Foreign currency translation
The Group uses Renminbi (RMB) as its reporting currency. The Companys operations in China 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 Peoples 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 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 exchange gain or loss resulting from the settlement of such transactions and from remeasurement at period-end is recognized in foreign currency exchange gain/(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$1.00 = RMB6.2046 on December 31, 2014 as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.
(e) Fair value of financial instruments
The Groups financial instruments include cash equivalents, term deposits, short term investments, restricted cash, accounts receivable, amounts due from related parties, prepayments and other current assets, available-for-sale investment, accounts payable, amounts due to related parties, advances from customers, salary and welfare payable, accrued expense and other current liabilities and other non-current assets. Refer to Note 18 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 as to withdrawal or use, and which have original maturities of three months or less.
(g) Term deposits, short term investments
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.
(h) Restricted cash
Restricted cash represents deposits placed with banks which are restricted as to withdrawal or usage.
(i) Accounts receivable, net
The carrying value of accounts receivable is reduced by an allowance that reflects the Groups 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) 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.
(k) 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 the Internet domain name, and the estimated life cycle for licensed games.
(l) Available-for-sale investment
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 securities. Available-for-sale investment is 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 income in shareholders 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 investment 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.
(m) 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 earnings or losses of the investee and reports the recognized earnings or losses in the consolidated statements of comprehensive income. The Groups share of the earnings or losses of an investee are based on the shares of common stock and in-substance common stock held by the Group. The Group evaluates the equity method investments for impairment under ASC topic 323. An impairment loss on the equity method investments is recognized in earnings when the decline in value is determined to be other-than-temporary.
(n) 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. No impairment of long-lived assets was recognized for any of the years presented.
(o) 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 of 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 Groups website in different formats over a particular period of time. Such formats generally include but are not limited to banners, text-links, videos, logos, buttons, and rich media. Advertisements on the Groups website are generally charged on the basis of duration, and advertising contracts are signed to establish the fixed price and the advertising services to be provided. Where collectability is reasonably assured, advertising revenues from advertising contracts are recognized ratably over the contract period of display.
The majority of the Groups advertising revenue arrangements involve multiple element deliverables, including placements of different advertisement formats on the Groups website 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. The Group mainly uses (a) vendor-specific objective evidence of selling price, if it exists; otherwise, (b) third-party evidence of selling price. If neither (a) nor (b) exists, the Group will use (c) managements best estimate of the selling price for that deliverable. The Group recognizes revenue on the elements delivered and defers the recognition of revenue for the fair value of the undelivered elements until the remaining obligations have been satisfied. Where 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.
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. The Group has estimated and recorded RMB77.7 million, RMB135.9 million and RMB176.8 million (US$28.5 million) in agency service fees to third-party advertising agencies for the years ended December 31, 2012, 2013 and 2014, respectively.
Barter transactions
The Group enters into barter transactions involving advertising services and follows ASC 605-20, Revenue Recognition: Services. Such barter transactions should be recorded at fair value only if such value of the advertising surrendered in the transaction is determinable within reasonable limits. The Group did not recognize revenue and expenses for advertising-for-advertising barter transactions since the fair value of the advertising services surrendered/received in the transaction is not determinable for the years ended December 31, 2012, 2013 and 2014. Except for advertising-for-advertising barter transactions, the Group recognized revenue from barter transactions involving exchanging advertising services for content, technical, marketing services and others amounted to RMB2.3 million, nil and RMB1.0 million (US$0.2 million) for the years ended December 31, 2012, 2013 and 2014, respectively.
(ii) Paid service revenues
Paid service revenues comprise of MVAS and games and others.
MVAS
MVAS revenues are derived from providing mobile phone users with mobile digital reading services, mobile game services, mobile video services, wireless value-added services (WVAS). WVAS include short messaging services (SMS), multi-media messaging services (MMS), music services such as ring-back tone (RBT) and interactive voice response (IVR). Revenues from mobile digital reading services, mobile game services, mobile video services, and WVAS are charged on a monthly or per-usage basis. Revenues from MVAS 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 22.
For most mobile games services delivered through telecom operators and WVAS, 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. Most revenues from mobile digital reading services, music services and mobile video services are recorded on a net basis as the Group is acting as an agent of operators in these transactions.
Due to the time lag between when the services are rendered and when the operator billing statements are received, most MVAS revenues are estimated based on the Groups 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 Groups estimates and the operators billing statements for all the years presented.
The Group also contracts with CMCC to provide news contents and other services to support CMCCs own mobile newspaper products. A fixed fee is charged for the contract period, and is recognized as revenue using the straight-line method.
Games and others
Games and others include web-based games, mobile games, online digital reading, content sales, and other online and mobile paid services through the Groups 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 Groups platform 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 started to provide mobile game services in 2014. The game portfolio includes action, role-playing and casual games operated on smartphone mobile operation systems, such as iOS and Android. Mobile games are licensed from third-party developers. The basic game play functions are free of charge, and players are charged for purchases of in-game virtual items, including perpetual and consumable items. Revenues are recognized over the estimated lives of the perpetual items purchased by game players or as the consumable items are consumed. Most of mobile game revenues are recorded on a gross basis as the Group is acting as the principal in offering services to the customers in the transactions.
The Group also provides online literature and 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 produced by Phoenix TV Group and documentaries 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. Pursuant to the cooperation agreement signed with Phoenix TV, the Group pays Phoenix TV 50% of the revenues generated from sales of Phoenix TVs video content, which is recorded in cost of revenues. Refer to Note 21(a) for details.
(p) Cost of revenues
The Groups 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 Groups 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, administrative 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, sales taxes include business tax and value added tax. The sales taxes and surcharges in cost of revenues for the years ended December 31, 2012, 2013 and 2014 were RMB72.1 million, RMB92.9 million and RMB129.8 million (US$20.9 million), respectively.
In China, business tax is imposed by the government on the revenues reported by the selling entities for the provision of taxable services in China. The business tax rate varies depending on the nature of the revenues. The applicable business tax and surcharges rate for the groups revenues generally ranges from 3.4% to 5.6%.
On November 16, 2011, Ministry of Finance and the State Administration of Taxation announced the Business Tax to Value Added Tax Transformation Pilot Program, or the VAT Pilot Program. Productive service industries, such as the transportation industry and certain modern services industries, were the first in the pilot regions to implement the VAT Pilot Program. The implementation of the VAT Pilot Program began on January 1, 2012 in Shanghai and on September 1, 2012 in Beijing, and was then expanded to seven other provinces and municipalities by the end of 2012. Commencing on August 1, 2013, the implementation of VAT Pilot Program has expanded to all regions in the PRC. As a result of the VAT Pilot Program, the advertising revenues and other modern services revenues, such as games and others services revenues earned by the Groups entities and technical service fees paid by VIEs to Fenghuang On-line pursuant to the Contractual Agreement are subject to value-added tax and surcharges at a rate of approximately 6.7%. On April 29, 2014, a notification (the Cai Shui [2014] No. 43) was jointly issued by the Ministry of Finance and State Administration of Taxation of the Peoples Republic of China, and as approved by the State Council of the Peoples Republic of China, the telecommunications industry would be included in the scope of the VAT Pilot Program for the transformation from the business tax to value-added tax from June 1, 2014. As a result, the Groups MVAS revenues are subject to value-added tax and surcharges at a rate of approximately 6.7% from June 1, 2014.
The Group is also subject to a cultural development fee on the provision of advertising services in China. The applicable tax rate is 3% of the advertising services revenues.
(q) 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; and (iii) rental expense, depreciation and amortization expenses. The Group expenses advertising costs as incurred. Total advertising expenses were RMB31.1 million, RMB54.2 million and RMB64.4 million (US$10.4 million) for the years ended December 31, 2012, 2013 and 2014, respectively.
(r) 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 Groups 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.
(s) 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.
(t) 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 and/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.
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 rate 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 units forfeitures and record share-based compensation only for those awards that are expected to vest. Refer to Note 15 for further information regarding share-based compensation assumptions and expenses.
(u) 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
The Group adopted the provisions of ASC 740-10, Income Taxes: Overall, on January 1, 2007, which clarified the accounting for uncertainty in income taxes by prescribing the recognition and measurement thresholds a tax position is required to meet before being recognized in the financial statements. The guidance prescribes a more likely than not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Significant judgment is required in evaluating the Groups uncertain tax positions and determining its provision for income taxes. Refer to Note 13 for details of the Groups tax positions.
(v) Employee social security and welfare benefits
Full-time employees of the Group in the PRC are entitled to staff welfare benefits including pension, work-related injury benefits, maternity insurance, medical insurance, unemployment benefit and housing fund plans through a PRC government-mandated multi-employer defined contribution plan. The Group is required to accrue for these benefits based on certain percentages of the employees salaries, up to a maximum amount specified by the local government. The Group is required to make contributions to the plans out of the amounts accrued. The PRC government is responsible for the medical benefits and the pension liability to be paid to these employees and the Groups obligations are limited to the amounts contributed. Employee social benefits included as expenses in the accompanying consolidated statements of comprehensive income were RMB47.2 million, RMB57.4 million and RMB73.7 million (US$11.9million) for the years ended December 31, 2012, 2013 and 2014, respectively.
(w) Statutory reserves
In accordance with the laws applicable to Chinas Foreign Investment Enterprises, those of the Companys 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 Peoples 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 of the Companys China-based subsidiaries that are considered under PRC law to be domestically funded enterprises, as well as the Companys 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 RMB7.3 million, RMB18.3 million and RMB15.6 million (US$2.5 million) to these funds for the years ended December 31, 2012, 2013 and 2014, respectively.
(x) 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, shareholder, or a related corporation.
(y) Dividends
Dividends are recognized when declared. No dividends were declared for the years ended December 31, 2012, 2013 and 2014, respectively. The Group does not have any present plan to pay dividends on ordinary shares in the foreseeable future. The Group currently intends to retain the available funds and future earnings to operate and expand its business.
(z) Net income per share
The Company 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 Companys Class A and Class B ordinary shares are identical, except with respect to voting. As a result, and in accordance with ASC 260-10, the undistributed earnings for each year are allocated based on the contractual participation rights of the Class A and Class B ordinary shares. 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 and 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.
(aa) 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 as 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 20 for details.
(ab) 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, as presented on the Groups consolidated balance sheets, includes the foreign currency translation adjustment and fair value remeasurement for available-for-sale investment.
(ac) Segment reporting
Our Groups 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 Groups CODM has been identified as the Chief Executive Officer. As our long-lived assets and revenues are substantially located in and derived from the PRC, no geographical segments are presented.
The Companys organizational structure is based on a number of factors that the CODM uses to evaluate, view and run the Companys business operations, which include, but are not limited to, customer base, homogeneity of products and technology. The Companys operating segments are based on its organizational structure and information reviewed by the Companys CODM to evaluate the operating segment results.
(ad) Recently issued accounting pronouncements
The FASB issued Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the threshold for reporting discontinued operations and adds new disclosures. The new guidance defines a discontinued operation as a disposal that represents a strategic shift that has (or will have) a major effect on an entitys operations and financial results. The standard is required to be adopted by public business entities in annual periods beginning on or after December 15, 2014, and interim periods within those annual periods. Entities may early adopt the guidance for new disposals. The Group is currently evaluating the impact on its consolidated financial statements of adopting this guidance.
On May 28, 2014, the FASB and IASB issued their long-awaited converged standard on the recognition of revenue from contracts with customers. The standard is intended to improve the financial reporting of revenue and improve comparability of the top line in financial statements globally. The FASB is amending the FASB Accounting Standards Codification and creating a new Topic 606, Revenue from Contracts with Customers, to supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. Additionally, the amendments supersede some cost guidance included in Subtopic 605-35, Revenue RecognitionConstruction-Type and Production-Type Contracts. For a public entity, the amendments are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The Group is currently evaluating the impact on its consolidated financial statements of adopting this guidance.
In June 2014, under ASC 718, CompensationStock Compensation, the FASB issued Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. These amendments apply to all reporting entities that grant their employees share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. That is the case when an employee is eligible to retire or otherwise terminate employment before the end of the period in which a performance target could be achieved and still be eligible to vest in the award if and when the performance target is achieved. For all entities, the amendments are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The Group is currently evaluating the impact on its consolidated financial statements of adopting this guidance.
In August 2014, the FASB issued Presentation of Financial Statements Going Concern. This standard requires management to evaluate for each annual and interim reporting period whether it is probable that the reporting entity will not be able to meet its obligations as they become due within one year after the date that the financial statements are issued. If the entity is in such a position, the standard provides for certain disclosures depending on whether or not the entity will be able to successfully mitigate its going concern status. This guidance is effective for annual periods ending after December 15, 2016 and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. The Company does not anticipate that this adoption will have a significant impact on its financial position, results of operations, or cash flows.
(ae) Correction to previously issued financial statements
In 2014, the classification of certain highly liquid principal-guaranteed investment products (Products) reported as cash and cash equivalents in 2013 were re-assessed and it was determined that these Products should have been classified as term deposits and short term investments to properly reflect the nature of these assets. These Products were issued by reputable commercial banks in China. The maturity periods of these Products were within three months and the principal amounts were guaranteed by the issuing banks. All of these Products were converted into known amounts of cash upon their maturity subsequent to the quarter end. The Company concluded the impact of the resulting correction (Classification Adjustments), is not material to the previously issued financial statements taken as a whole based on assessment under the relevant guidance.
The Classification Adjustments had no impact on the Companys consolidated statements of comprehensive income or the line items of the Companys consolidated balance sheets other than cash and cash equivalents and term deposits and short term investments. In the consolidated statement of cash flows, the Companys cash flows from investing activities, net changes in cash and cash equivalents and ending balances of cash and cash equivalents were amended, but no other line items in the consolidated statement of cash flows were impacted.
The impact of the Classification Adjustments on the line items within the Companys consolidated balance sheets as of December 31, 2013 is as follows:
The impact of the Classification Adjustments on the line items within the Companys consolidated statements of cash flows is as follows:
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Certain Risks and Concentration
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Certain Risks and Concentration | 3. Certain Risks and Concentration
(a) Major customers
A significant portion of Groups MVAS is generated through and from CMCC, which is also a related party as a result of being a shareholder of Phoenix TV. CMCC is a major mobile network operator in China. It provides billing, collection and transmission services related to the paid services offered by most of the wireless service and content providers in China. The revenues generated through and from CMCC for the years ended December 31, 2012, 2013 and 2014 were RMB434.8 million, RMB429.6 million and RMB320.4 million (US$51.6 million), respectively, which accounted for 39.1%, 30.2% and 19.6% of the respective years total revenues.
The accounts receivable from CMCC as of December 31, 2013 and 2014 were RMB73.1 million and RMB74.3 million (US$12.0 million), respectively, which is included on the consolidated balance sheets as Amounts due from related parties. Except for CMCC, there is no other customer with revenues or receivables over 10% of total revenues or total accounts receivable, respectively.
(b) Credit risk
The Groups credit risk arises from cash and cash equivalents, term deposits, short term investments, 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 which were held by reputable financial institutions in the jurisdictions where the Company, its subsidiaries, VIEs and the subsidiaries of one of the VIEs are located. The Group believes that it is not exposed to unusual risks as these financial institutions have high credit quality.
The Group has no significant concentrations of credit risk with respect to its customers, except for the accounts receivable from CMCC 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 Groups 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 China 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 Groups operations and the Groups legal structure and scope of operations in the PRC, which could be subject to further restrictions resulting in limitations on the Groups 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 Groups 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 Groups 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 we 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 we have invested in, such as online lottery ticket distribution, is subject to intensive regulation and relevant PRC government authorities have recently announced their intention to strengthen the regulation and supervision of such business. There are speculations that PRC government authorities may temporarily suspend or even permanently stop certain online lottery distribution business. Any such adverse regulatory change may have a material adverse impact on the business and financial performance of our 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 our business alliances, and cost from actions by regulatory authorities. |
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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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Accounts Receivable, Net
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Accounts Receivable, Net | 4. Accounts Receivable, Net
The following table sets out the balance of accounts receivable as of December 31, 2013 and 2014:
The following table presents the movement of the allowance for doubtful accounts:
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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 | 5. Prepayments and Other Current Assets
The following is a summary of prepayments and other current assets:
Prepayments to suppliers and other business related expenses mainly consist of business related staff advances, and the Groups prepaid content licenses fee to third-party content suppliers for the rights to access and present on the Groups website the contents produced by these suppliers during a certain period. These content licenses generally have a licensing 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 cost that relates to a license period more than 12 months from the balance sheet date is classified as other non-current assets.
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Property and Equipment, Net | 6. Property and Equipment, Net
The following is a summary of property and equipment, net:
Depreciation expenses for the years ended December 31, 2012, 2013 and 2014 were RMB19.2 million, RMB28.7 million and RMB31.6 million (US$5.1 million), respectively. |
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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 | 7. Intangible Assets, Net
The following table summarizes the Groups intangible assets, net:
Amortization expenses for the years ended December 31, 2012, 2013 and 2014 were RMB1.9 million, RMB2.8 million and RMB4.7 million (US$0.8 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: 2015: RMB6.7 million, 2016: RMB6.3 million, 2017: RMB1.3 million, 2018: RMB0.5 million and 2019: RMB0.1 million. |
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Available-for-sale Investment
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Available-for-sale Investment | 8. Available-for-sale Investment
On October 22, 2014, the Company acquired series B convertible redeemable preferred shares of Particle Inc. (Particle), representing 9.34% of the equity interests, on an as-if converted basis with a total cash consideration of US$6.0 million (RMB36.8 million). Particle owns Yidian Zixun, a personalized news and life-style information application in China, which allows users to define and explore desired content over mobile device. As the Company does not expect to sell or redeem it within one year, it is classified as long-term available-for-sale investment and reported at fair value. As of December 31, 2014, total unrealized gains of RMB40.3 million (US$6.5 million) on available-for-sale investment were recorded in accumulated other comprehensive income. |
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Equity Investments
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Equity Investments | 9. Equity Investments
In March 2014, IDG-Accel China Growth Fund III L.P. and IDG-Accel China III Investors L.P. (IDG-Accel Funds) acquired US$3.0 million convertible preferred shares of Phoenix FM Limited (FM), previously a subsidiary of the Company, to accelerate development of the ifeng application business. Despite holding 100% of FMs ordinary shares, the Company accounts for its investment in FM as an equity investment since the Company does not control FM due to substantive participating rights that have been provided to the IDG-Accel Funds. On the date the Company lost control of FM, the Company recognized a gain of RMB18.0 million (US$2.9 million) in the consolidated statements of comprehensive income primarily arising from the difference between the fair value of its 100% equity interest of ordinary shares and the carrying amount of net assets in FM. The fair value of the ordinary shares was estimated by management after considering an independent appraisal performed by a reputable appraisal firm.
In April 2014, the Group established a wholly owned subsidiary, Shenzhenshi Fenghuang Jingcai Network Technology Co., Ltd (Fenghuang Jingcai), for the development of online lottery ticket distribution business. Shikong Chuangyi (Beijing) Technology Culture Development Co. Ltd and an individual investor agreed to inject capital of RMB8.2 million to acquire Fenghuang Jingcais 54.94% equity interest. As the Group lost control of Fenghuang Jingcai after the capital injections, RMB5.5 million (US$0.9 million) gain on disposition of subsidiaries and acquisition of equity investments was recognized in the consolidated statements of comprehensive income primarily arising from the difference between the fair value of its retained 45.06% equity interest and the carrying amount of Fenghuang Jingcais net assets. The fair value of the retained investment was estimated by management after considering an independent appraisal performed by a reputable appraisal firm. As of December 31, 2014, the Groups owns 45.06% of equity interest of Fenghuang Jingcai, represented by RMB4.51 million (US$0.7 million) paid-in capital.
In December 2014, the Company acquired ordinary shares of Particle, representing 9.08% equity interest of Particle, on an as-if converted basis with a cash consideration of US$5.0 million (RMB31.2 million) and a number of the Companys Class A ordinary shares with fair value of US$2.8 million (RMB17.3 million). Such investment is accounted for under the equity method. Including the series B convertible redeemable preferred shares of Particle recorded in available-for-sale investment (Note 8), the Company owns approximately 18.42% of equity interest of Particle on an as-if converted basis as of December 31, 2014. The excess of purchase price over the proportionate share of the net assets was attributed to intangible assets, goodwill and deferred tax liabilities, in which US$0.6 million (RMB3.5 million) was allocated to amortizable intangible assets, US$6.4 million (RMB39.5million) was allocated to goodwill and US$0.1 million (RMB0.9 million) was allocated to deferred tax liabilities.
After the deconsolidation of Beijing Fenghuang Tianbo Network Technology Co., Ltd. (Tianbo) in December 2014 (Note 17), the Group holds 50% of the equity interest of Tianbo which was in the amount of RMB14.3 million (US$2.3 million) as of December 31, 2014. |
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The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other Non-Current Assets | 10. Other Non-Current Assets
The following is a summary of other non-current assets:
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Accrued Expenses and Other Current Liabilities | 11. Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities are comprised of:
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Cost of Revenues | 12. Cost of Revenues
The cost of revenues is as follows:
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Income Taxes | 13. Income Taxes
Income Tax Expense and Effective Tax Rate
The provisions for income tax expense are summarized as follows:
The components of income before tax and income tax expense for PRC and non-PRC operations are as follows:
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
An entity incorporated in Hong Kong is subject to the tax rate 16.5% on the estimated assessable profit arising in Hong Kong in 2014.
PRC
Prior to January 1, 2008, companies established in China were generally subject to state and local corporate income taxes, or EIT, at statutory rates of 30% and 3%, respectively. Pursuant to the income tax laws and rules then effective, an enterprise qualified as a New Technology Enterprise was entitled to a preferential EIT rate of 15% and was further entitled to a three-year EIT exemption for the first three years from the date of incorporation, and a 50% reduction of its applicable EIT rates for the succeeding three years. In addition, an enterprise qualified as a High and New Technology Enterprise (HNTE) was entitled to a preferential EIT rate of 15%. Fenghuang On-line was qualified as a New Technology Enterprise.
On March 16, 2007, the National Peoples Congress of PRC enacted a new Corporate Income Tax Law (EIT Law), under which foreign investment enterprises (FIEs) and domestic companies would be subject to EIT at a uniform rate of 25%. There will be a five-year transition period for FIEs, during which FIEs are allowed to continue to enjoy their existing preferential tax treatments. Preferential tax treatments will continue to be granted to entities which conduct businesses in certain encouraged sectors and to entities otherwise classified as Software Enterprises and/or HNTE, irrespective of whether they are FIEs or domestic companies. The EIT Law became effective on January 1, 2008.
In addition, the EIT Law provides grandfather treatment for enterprises which were qualified as New Technology Enterprises under the previous income tax laws and were established before March 16, 2007, if they continue to meet the criteria for New Technology Enterprises after January 1, 2008. The grandfather provision allows these enterprises continue to enjoy their unexpired tax holiday provided by the previous income tax laws and rules.
Under the previous income tax laws and rules prior to January 1, 2008, Fenghuang On-line qualified as a New Technology Enterprise, could enjoy a favorable tax rate of 15% and was exempted from income tax for three years beginning with its first year of operations, and was entitled to a 50% tax reduction to 7.5% for the subsequent three years and then had an income tax rate of 15% thereafter. Fenghuang On-line continued to meet the criteria for New Technology Enterprise from 2008 to 2010, and it has also been qualified as HNTE under the EIT Law in 2008, and it can continue to enjoy its unexpired tax holidays. In 2011 and 2014, Fenghuang On-line resubmitted applications for qualification as an HNTE, which were approved in October 2011and November 2014, respectively. Therefore, Fenghuang On-line was entitled to tax exemption from 2006 to 2008, a 50% reduction of its applicable EIT rate to 7.5% from 2009 to 2011 and was subject to a 15% income tax rate for the years 2012 to 2016.
In April 2010, the State Administration of Tax (SAT) issued Circular 157, which seeks to provide additional guidance on the interaction of certain preferential tax rates under the transitional rules of the EIT Law. Prior to Circular 157, the Group interpreted the law to mean that if an entity was in a period where it was entitled to a 50% reduction in the tax rate and was also entitled to a 15% rate of tax due to HNTE status under the EIT Law, then it was entitled to pay tax at the rate of 7.5%. Circular 157 appears to have the effect that such an entity is entitled to pay tax at either 15% or 50% of the applicable PRC tax rate. The effect of Circular 157 is retrospective and would apply to 2008 and 2009.
However, to date, the Beijing local-level tax bureau has not implemented Circular 157 and is holding the view that the relevant provisions might not apply to HNTE in Science & Technology Park of Haidian District, where Fenghuang On-line is located. Therefore Fenghuang On-line has kept its current practice unchanged. The Group expects more guidance to be issued in the future. Upon the issuance of such guidance, Fenghuang On-lines effective tax rate might increase. If Circular 157 were implemented with a retroactive effect, Fenghuang On-line would be liable to pay additional taxes for its historical earnings before the implementation of Circular 157. The Group did not recognize liability for this uncertainty as it believes the probability of a retroactive implementation is remote.
In 2008, Tianying Jiuzhou qualified as HNTE under the EIT Law. Therefore, Tianying Jiuzhou was entitled to the preferential tax rate of 15% from 2008 to 2010. In 2011 and 2014, Tianying Jiuzhou resubmitted applications for qualification and was approved as an HNTE. Therefore, Tianying Jiuzhou was subject to a 15% income tax rate from 2011 to 2016.
Yifeng Lianhe qualified as an HNTE under the EIT Law in 2011, and therefore was subject to 15% income tax rate from 2011 to 2012. In 2013, Yifeng Lianhe was no longer qualified as an HNTE pursuant to the joint annual inspection by the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation, and was subject to a 25% EIT rate for the years of 2013 and 2014.
Tianying Chuangzhi, Fenghuang Mingdao, Tianying Chuangzhan, Fenghuang Feiyang , Jirong Wenhua and Fenghuang Borui were subject to a 25% EIT rate for all the years presented.
In 2012, Fenghuang Yutian qualified as a Software Enterprise. As 2013 was the first year Fenghuang Yutian generated taxable profit, it is exempted from EIT for years 2013 and 2014, and will be subject to a 50% tax reduction in its EIT rate for the subsequent three years.
The EIT 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. The Implementing Rules of the EIT Law merely define the location of the de facto management body as the place where the exercising, in substance, of the overall management and control of the production and business operation, personnel, accounting, properties, etc., of a non-PRC company is located. However, due to limited guidance and implementation history of the EIT Law, if PNM is treated as a resident enterprise for PRC tax purposes, the Company would be subject to PRC tax on worldwide income at a uniform tax rate of 25% retroactive to January 1, 2008.
Withholding Tax on Undistributed Dividends
EIT Law imposes a withholding tax for any dividends to be distributed by FIE to its immediate holding company outside of China, if such immediate holding company is considered a non-resident enterprise without any establishment or place within China or if the received dividends have no connection with the establishment or place of such immediate holding company within China, unless such immediate holding companys jurisdiction of incorporation has a tax treaty with China that provides for a different withholding arrangement. All FIEs are subject to the withholding tax from January 1, 2008.
The current dividend policy approved by the Companys Board of Directors allows the Company to distribute PRC earnings offshore only if the Company does not have to pay dividend tax. 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, 2014, the Company did not record any withholding tax on the retained earnings of its FIEs in the PRC. Aggregate undistributed earnings of the Groups entities located in the PRC that are available for distribution to the Company as of December 31, 2013 and 2014 are approximately RMB542.3 million and RMB838.1 million (US$135.1 million), respectively. The amount of the unrecognized deferred tax liability on the permanently reinvested earnings was RMB54.2 million and RMB83.8 million (US$13.5 million) as of December 31, 2013 and 2014, respectively.
Reconciliation of the Differences between Statutory Tax Rate and the Effective Tax Rate
Reconciliation of the differences between PRC statutory income tax rate and the Groups effective income tax rate for PRC operations for the years ended December 31, 2012, 2013 and 2014 is as follows:
The combined effects of the income tax expense exemption and reduction available to the Group are as follows:
Deferred Tax Assets and Liabilities
The tax effects of temporary differences that give rise to the deferred tax assets and liabilities balances at December 31, 2013 and 2014 are as follows:
As of December 31, 2014, the Group had net operating loss carryforward of approximately RMB24.4 million (US$3.9 million), which can be carried forward to offset future taxable income. Net operating loss carryforward of RMB1.0 million, RMB5.9 million, RMB4.9 million and RMB12.6 million will expire in 2016, 2017, 2018 and 2019, 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 carryforward because it was more likely than not that such deferred tax assets will not be realized based on the Groups estimate of its future taxable income.
The following table sets forth the movement of the valuation allowance for deferred tax assets:
Uncertain Tax Positions
A reconciliation of the beginning and ending amount of liabilities associated with uncertain tax benefits is as follows:
The Group did not accrue any potential penalties and interest related to these unrecognized tax benefits for all years presented on the basis that the likelihood of penalties and interest being charged is not considered to be high.
The amounts of unrecognized tax benefits 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 unrecognized tax benefits recognized as of December 31, 2014 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 2010 to 2014 remain subject to examination by tax authorities. There are no ongoing examinations by tax authorities as of December 31, 2014. |
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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 [Abstract] | |
Ordinary Shares | 14. Ordinary Shares
The Company was incorporated in the Cayman Islands on November 22, 2007 by the Parent. Upon its incorporation, 1 ordinary share was issued at a par value of US$0.01 per share. In May 2008, the Company issued 319,999,999 ordinary shares to the Parent and became the holding company of the Group. All share and per share data have been revised to reflect the retroactive effect of the share issuance in May 2008.
The Company completed the initial public offering (IPO) on May 17, 2011 and the underwriters subsequently exercised their over-allotment option on June 8, 2011. A total of 13,415,125 ADSs were issued and sold in these transactions, each ADS represents eight Class A ordinary shares. Immediately following the closing of the IPO, the Memorandum and Articles of Association were amended and restated such that the authorized share capital consisted of 1,000,000,000 ordinary shares at a par value of US$0.01 per share, of which 680,000,000 shares were designated as Class A ordinary shares, 320,000,000 as Class B ordinary shares. The impact of dividing of Class A and Class B ordinary shares has been retroactively reflected in the Companys capital structure in the financial statements. Upon the completion of the Companys IPO, all 130,000,000 Series A Preferred Shares were automatically converted to Class A ordinary shares, and the preferred share shareholders sold 1,267,500 ADSs. In addition, Phoenix TV, through the Parent converted 2,674,640 Class B ordinary shares into Class A ordinary shares, and distributed the Class A ordinary shares to its shareholders in an assured entitlement distribution.
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, 2013, there were 282,578,957 and 317,325,360 Class A and Class B ordinary shares issued and outstanding, respectively.
As of December 31, 2014, there were 260,204,642 and 317,325,360 Class A and Class B ordinary shares issued and outstanding, respectively. The Class A ordinary shares issued and outstanding decreased for the years ended December 31, 2013 and 2014 mainly due to the share repurchase program. Refer to Note 20 for details.
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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 | 15. Share-based Compensation
Share-based compensation was recognized in costs and expenses for the years ended December 31, 2012, 2013 and 2014 as follows:
The Company recognized share-based compensation, net of estimated forfeitures, on a graded-vesting basis over the vesting term of the awards. 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, 2012, 2013 and 2014.
Share Options
In June 2008, the Company adopted the Share Option Scheme (the June 2008 Scheme) that provides for the granting of options to key employees to acquire ordinary shares of the Company. 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 Companys 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 at the Companys 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.
A summary of the Companys share option activities for the years ended December 31, 2012, 2013 and 2014 is presented below:
The aggregate intrinsic value of options outstanding, exercisable and vested and expected to vest as of December 31, 2014 was calculated as the difference between the Companys closing stock price of US$8.31 per ADS, or US$1.04 per share as of that date, and the exercise price of the underlying options. The aggregate intrinsic value of options exercised was calculated as the difference between the market value on the date of exercise and the exercise price of the underlying options.
As disclosed in Note 2(t), the Companys share-based compensation is measured at the value of the award as calculated under the Black-Scholes option pricing model. The Company estimated the expected volatility at the date of grant based on average annualized standard deviation of the share price of comparable listed companies. The Company has no history or expectation of paying dividends on its ordinary shares. The Company estimated the expected term based on the vesting schedule and the exercise period of the options. Risk-free interest rates are based on the derived market yield of the US$ denominated Chinese government bonds for the term approximating the expected life of award at the time of grant. No options were granted during the year ended December 31, 2012. The assumptions used in determining the fair value of options granted during the year ended December 31, 2013 and 2014 are as follows:
The weighted-average grant date fair value of options granted for the years ended December 31, 2013 and 2014 was US$0.50, and US$0.67, 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 Companys shares issuable after completion of the Companys 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 to be 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, 2014. The Company completed its IPO on May 17, 2011 and 4,913,390 shares have been issued to the former employees after that. There were 2,263,518 and 1,799,001 contingently issuable shares to be issued upon the former employees request as of December 31, 2013 and 2014, respectively.
For the years ended December 31, 2012, 2013 and 2014, the Company has recognized share-based compensation for options of negative RMB0.1 million, RMB16.8 million and RMB53.0 million (US$8.5 million), respectively.
As of December 31, 2014, there was RMB75.2 million (US$12.1 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 2.9 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 vest over a period of four years.
A summary of restricted share units activity for the years ended December 31, 2012, 2013 and 2014 is presented below:
For the years ended December 31, 2012, 2013 and 2014, total share-based compensation recognized for restricted share units were RMB3.1 million, RMB1.3 million and RMB0.3 million (US$0.05 million), respectively.
As of December 31, 2014, there was RMB1.2 (US$0.2) of unrecognized share-based compensation related to unvested restricted share units, adjusted for estimated forfeitures. The unrecognized share-based compensation is expected to be recognized over a weighted average period of 0.2 year. The total fair value based on the respective vesting dates of the restricted share units vested was US$2.1 million, US$1.2 million and US$0.4 million during the years ended December 31, 2012, 2013 and 2014, respectively.
Restricted Shares
On March 15, 2011, the Company cancelled 18,778,200 stock options granted historically, and granted 19,008,200 restricted shares to 22 employees on March 17, 2011. Those restricted shares vest over a period of four years. The incremental share-based compensation is US$0.5 million. Total amount of unrecognized share-based compensation of unvested option and incremental share-based compensation is US$2.2 million, including US$0.2 million was recognized immediately, and US$2.0 million was recognized during the rest of vesting period of restricted share.
A summary of restricted share activity for the years ended December 31, 2012, 2013 and 2014 is presented below:
For the years ended December 31, 2012, 2013 and 2014, total share-based compensation recognized for restricted shares were RMB3.7 million, negative RMB1.3 million and negative RMB0.1 million (US$0.02 million), respectively.
As of December 31, 2014, there was no unrecognized share-based compensation related to unvested restricted shares. The total fair value based on the respective vesting dates of the restricted shares vested was US$5.1 million, US$3.1 million and US$0.7 million during the years ended December 31, 2012, 2013 and 2014, respectively.
The fair value of the restricted shares and restricted share units on March 17, 2011 was US$1.07 and the fair value of the underlying ordinary shares was US$1.14. |
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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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Segments
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Segments | 16. Segments
Before the fourth quarter of 2014, the Group did not distinguish between segments for the purpose of internal reporting. Starting in the fourth quarter of 2014, the Companys CODM began to review the operating performance of advertising and paid service businesses separately. Information provided to the CODM is at the gross margin level. The Company has concluded it has two operating and reporting segments and is presenting its segment information on that basis and is likewise presenting its segment information for prior periods on that basis.
The following tables present summary information by segments:
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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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Deconsolidation
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Deconsolidation [Abstract] | |
Deconsolidation | 17. Deconsolidation
Tianbo previously was a 51% equity-owned consolidated subsidiary of the Group with the board resolution requiring more than 50% board members to approve. In December 2014, the Group sold 1% equity interest of Tianbo to the minority shareholder of Tianbo. After the disposition, although the Group still has the majority of board seats, all the resolutions should be unanimously approved by all of the board members. Therefore, the Group lost control of Tianbo because of such substantive participating rights that have been provided to minority shareholders. As the Group has significant influence over financial and operating decision-making after deconsolidation, the Group accounts for the retained 50% equity interests by using the equity method of accounting. The retained investment was remeasured at fair value of RMB13.1 million (US$2.1 million) on the date the Group lost control of Tianbo. The gain on deconsolidation of RMB6.2 million (US$1.0 million) was calculated as the difference between: a) the aggregate of (1) the cash consideration of RMB0.2 million, (2) the fair value of the retained 50% equity interests of RMB13.1 million, (3) the carrying amount of noncontrolling interest in the former subsidiary of RMB2.9 million, and b) the carrying amount of Tianbos net assets of RMB10.0 million. The fair value of the retained investment was estimated by management after considering an independent appraisal performed by a reputable appraisal firm.
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The entire disclosure for the Company's deconsolidation of Beijing Fenghuang Tianbo Network Technology Co., Ltd. ("Tianbo"). No definition available.
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Fair Value Measurements
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Fair Value Measurements | 18. Fair Value Measurements
Effective January 1, 2008, the Group adopted ASC 820-10, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. Although adoption did not impact the Groups consolidated financial statements, ASC 820-10 requires additional disclosures to be provided on fair value measurements.
ASC 820-10 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:
Level 1Observable 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 3Unobservable inputs which are supported by little or no market activity
ASC 820-10 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. The Group measured and reported on its consolidated balance sheets at fair value on a recurring basis.
The following table sets forth the financial instruments, measured at fair value, by level within the fair value hierarchy:
Cash equivalents The Groups cash equivalents consisted of demand deposits and time deposits placed with banks with original maturities of three months or less. The fair values of demand deposits and time deposits placed with banks are determined based on the pervasive interest rate in the market, which are also the interest rates as stated in the contracts with the banks. The Group classifies the valuation techniques that use the pervasive interest rates input as Level 1 of fair value measurement.
Restricted cash The Groups restricted cash represents deposits placed with banks which are restricted as to withdrawal or usage. The cash balance is in a verification account which considered to be restricted because it cannot be used for operations before the completion of one subsidiary of one of the VIEs registration process. 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 maturities of more than three months and up to one year are determined based on the interest rates as stated in the contracts with the banks. The Group classifies the valuation techniques that use the interest rates input as Level 2 of fair value measurement.
Short term investments 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. 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 investment Available-for-sale investment represents an acquisition of redeemable preferred shares in equity investment. In accordance with ASC 820, the Company measures available-for-sale investments at fair value on a recurring basis. The fair values of the Companys available-for-sale 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 these inputs as Level 3 of fair value measurements.
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, advances from customers, 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. The Group estimated fair values of short-term receivables and payables 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.
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.
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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 | 19. Net Income per Share
The following table sets forth the computation of basic and diluted net income per share for the years indicated:
The Company has included 4,160,957, 2,997,099 and 2,094,730 contingently issuable shares in the denominator used in computing basic and diluted net income per share for the years ended December 31, 2012, 2013 and 2014, respectively. These shares are contingently issuable upon the holders request without other substantive conditions and for no further consideration. There were nil, 7,371,269 and 27,823,275 options to purchase ordinary shares have been excluded from the computation of diluted net income per share for the years ended December 31, 2012, 2013 and 2014, respectively, as their effects would be anti-dilutive.
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The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Treasury Stock
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Dec. 31, 2014
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Treasury Stock [Abstract] | |
Treasury Stock | 20. Treasury Stock
On July 30, 2012, the Companys Board of Directors approved a share repurchase program. Under the terms of the approved program (Share Repurchase Program), the Company may repurchase and cancel up to US$20.0 million worth of its outstanding ADSs from time to time for a period not to exceed twelve months.
In May 2014, the Companys Board of Directors approved a new share repurchase program (New Share Repurchases Program), the Company has been authorized to repurchase up to US$50.0 million worth of its outstanding ADSs for a period not to exceed twelve months.
During the years ended December 31, 2012 and 2013, the Company had repurchased 2,273,695 and 2,524,574 ADSs, respectively, on the open market for considerations of US$8.3 million (RMB52.5 million) and US$11.7 million (RMB72.6 million), respectively. As of December 31, 2013, the Company has repurchased a total of 4,798,269 ADSs for a total consideration of US$20.0 million (RMB125.1 million). In 2013, all treasury stocks repurchased had been cancelled for an aggregate consideration of US$20.2 million (RMB126.6 million) including cancellation fees of US$0.2 million (RMB1.5 million). For the year ended December 31, 2014, the Company has repurchased a total of 4,021,073 ADSs (representing 32,168,584 ordinary shares) under the New Share Repurchases Program for a total consideration of US$39.2 million (RMB241.3 million) and cancelled a total of 30,128,928 of those ordinary shares for an aggregate consideration of US$37.3 million (RMB229.1 million) including cancellation fees of US$0.2 million (RMB1.2 million). As of December 31, 2014, the Company has a total of 2,039,656 shares treasury stocks.
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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. No definition available.
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Commitments and Contingencies | 21. Commitments and Contingencies
(a) Commitments
As of December 31, 2014, future minimum commitments under non-cancelable agreements were as follows:
* The Group and Phoenix TV Group have been involved in various cooperation arrangements, including content sharing, branding and co-promotion, technical support and corporate management (Refer to Note 2(a)). There was no payment for these arrangements until November 2009 when a cooperation agreement was signed between Phoenix TV and the Group to stipulate the cost and expenses charged to the Group for the year 2010 and going forward. Based on the agreement, the Group will pay Phoenix TV 50% of revenue generated from certain contents provided by Phoenix TV Group, 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 increases by 25% annually. On March 28, 2011, Phoenix TV and the Group amended their cooperation agreement to extend the expiration of cooperation period from November 2014 to March 2016. The consideration arrangements for the cooperation remained unchanged. This fixed amount has been included in above table as a commitment to Phoenix TV Group.
The rental expenses were approximately RMB32.3 million, RMB37.8 million and RMB39.8 million (US$6.4 million), during the years ended December 31, 2012, 2013 and 2014, 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, 2013 and 2014.
(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 not currently a party to any legal proceedings, investigations or claim which in the opinion of its management is reasonably possible to have a material adverse effect, individually or in the aggregate, on the Groups financial position, results of operations or cash flows. However, litigation is subject to inherent uncertainties and the Groups view of these matters may change in the future. Were an unfavorable outcome to occur, there exists the possibility of a material adverse impact on the Groups 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 13, as of December 31, 2013 and 2014, the Group had recorded uncertain tax positions of RMB12.2 million and RMB16.9 million (US$2.7 million), respectively.
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Related Party Transactions
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Related Party Transactions | 22. Related Party Transactions
The table below sets forth the major related parties and their relationships with the Group:
During the years ended December 31, 2012, 2013 and 2014, significant related party transactions were as follows:
Transactions with the Non US Listed Part of Phoenix TV Group:
Transactions with CMCC:
Transactions with Equity Method Investees:
As of December 31, 2013 and 2014, the amounts due from and due to related parties were as follows:
The amounts due from or amounts due to Phoenix TV Group were net amounts of other operating funds provided by Phoenix TV, expenses paid by Phoenix TV Group on behalf of the Group, expenses charged by Phoenix TV Group under the cooperation agreement (Refer to Note 21(a)), accounts receivable from Phoenix TV Group for the advertising services provided to its customers.
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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
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Dec. 31, 2014
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Restricted Net Assets [Abstract] | |
Restricted Net Assets | 23. Restricted Net Assets
Relevant PRC laws and regulations permit payments of dividends by the Companys subsidiaries, the VIEs and the subsidiaries of one 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 Companys subsidiaries, the VIEs and the subsidiaries of one 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 Companys subsidiaries, the VIEs and the subsidiaries of one 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 RMB205.8 million and RMB365.6 million (US$58.9 million) as of December 31, 2013 and 2014, 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 companys shareholders. Except for the above, there is no other restriction on use of proceeds generated by the Companys subsidiaries, the VIEs and the subsidiaries of one of the VIEs to satisfy any obligations of the Company.
The Company performed a test on the restricted net assets of the Companys subsidiaries, the VIEs and the subsidiaries of one of the VIEs (the restricted net assets) in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), General Notes to Financial Statements and concluded that the restricted net assets did not exceed 25% of the consolidated net assets of the Company as of December 31, 2014 and the condensed financial information of the Company are not required.
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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
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Subsequent Events [Abstract] | |
Subsequent Events | 24. Subsequent Events
Subsequent events were evaluated through the date the financial statements were issued.
Investment in Particle Inc.
On April 29, 2015, the Company acquired an additional 21.98% equity interest in series C preferred share of Particle for an aggregate purchase price of US$30.0 million. The Company also acquired an additional 14.41% equity interest in ordinary share and Class A ordinary share of Particle from certain existing shareholders for an aggregate purchase price of US$27.6 million. And each ordinary share and each Class A ordinary share which held by the Company were repurchased by Particle, and one Series C share for each such ordinary share or class A ordinary share was issued to the Company. Following these transactions, the Company owned approximately 49.02% equity interest in Particle.
Investment in Shanghai Miaoqiu Network Culture Co., Ltd.
On January 14, 2015, the Group established an entertainment subsidiary, Shanghai Miaoqiu Information Technology Co., Ltd. (Miaoqiu), and provided financing of RMB34.0 million to it. The Group will leverage ifengs brand, content platform and large user base to expand into more entertainment related businesses.
Investment in Beijing Phoenix Lilita Information Technology Co., Ltd.
On January 29, 2015, the Group acquired a 5% equity interest in Beijing Phoenix Lilita Information Technology Co., Ltd. (Lilita), from a family member of the chairman of Phoenix TV, for an aggregate purchase price of RMB0.5 million. Lilita is principally engaged in P2P lending and reward-based crowd-funding businesses.
Investment in Hangzhou Qike Technology Co., Ltd.
On February 13, 2015, the Group invested approximately RMB4.5 million in Hangzhou Qike Technology Co., Ltd., a company engaged in credit services, and research and development of internet application products, and holds a 45% equity interest in the company.
Investment in Lifeix Inc.
The Group acquired 0.3% equity interest in Lifeix Inc. for an aggregate purchase price of US$1.0 million on April 1, 2015. Lifeix Inc. is the operator of a life station website L99.com/Lifeix.com. |
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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. No definition available.
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Principal Accounting Policies (Policies)
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Dec. 31, 2014
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Principal Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 one of its 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 VIE have been eliminated upon consolidation. Based on the Contractual Arrangements (see Note 1), the Company consolidates the VIEs as required by Accounting Standards Codification (ASC) 810 Consolidation, because Fenghuang On-line holds all the variable interests of the VIEs and has been determined to be the primary beneficiary of the VIEs.
The Group and Phoenix TV Group have engaged in various mutual cooperation activities in content, branding and promotions, technical support and corporate management. There was no payment for these arrangements until November 2009, when the Group entered into a cooperation 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 (See Note 21(a)). The agreement was effective as of January 1, 2010. Accordingly, the related costs and expenses were recorded by the Group based on the cooperation agreement for the years ended December 31, 2012, 2013 and 2014.
Apart from the above cooperation agreement, 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 Groups 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 service revenues, the determination of estimated selling prices of multiple elements revenues contract, accounting for income taxes and uncertain tax positions, allowances for doubtful accounts, share-based compensation, consolidation, determination of the estimated useful lives of property and equipment and intangible assets, assessment of impairment of long-lived assets, determination of the fair value of financial instruments , determination of the fair value of retained equity interest in deconsolidation and foreign currency. |
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Foreign currency translation | (c) Foreign currency translation
The Group uses Renminbi (RMB) as its reporting currency. The Companys operations in China 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 Peoples 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 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 exchange gain or loss resulting from the settlement of such transactions and from remeasurement at period-end is recognized in foreign currency exchange gain/(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$1.00 = RMB6.2046 on December 31, 2014 as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate. |
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Fair value of financial instruments | (e) Fair value of financial instruments
The Groups financial instruments include cash equivalents, term deposits, short term investments, restricted cash, accounts receivable, amounts due from related parties, prepayments and other current assets, available-for-sale investment, accounts payable, amounts due to related parties, advances from customers, salary and welfare payable, accrued expense and other current liabilities and other non-current assets. Refer to Note 18 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 as 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 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. |
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Restricted cash | (h) Restricted cash
Restricted cash represents deposits placed with banks which are restricted as 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 Groups 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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Property and equipment, net | (j) 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 | (k) 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 the Internet domain name, and the estimated life cycle for licensed games. |
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Available-for-sale investment | (l) Available-for-sale investment
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 securities. Available-for-sale investment is 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 income in shareholders 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 investment 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 | (m) 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 earnings or losses of the investee and reports the recognized earnings or losses in the consolidated statements of comprehensive income. The Groups share of the earnings or losses of an investee are based on the shares of common stock and in-substance common stock held by the Group. The Group evaluates the equity method investments for impairment under ASC topic 323. An impairment loss on the equity method investments is recognized in earnings when the decline in value is determined to be other-than-temporary. |
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Impairment of long-lived assets | (n) 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. No impairment of long-lived assets was recognized for any of the years presented. |
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Revenue recognition | (o) 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 of 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 Groups website in different formats over a particular period of time. Such formats generally include but are not limited to banners, text-links, videos, logos, buttons, and rich media. Advertisements on the Groups website are generally charged on the basis of duration, and advertising contracts are signed to establish the fixed price and the advertising services to be provided. Where collectability is reasonably assured, advertising revenues from advertising contracts are recognized ratably over the contract period of display.
The majority of the Groups advertising revenue arrangements involve multiple element deliverables, including placements of different advertisement formats on the Groups website 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. The Group mainly uses (a) vendor-specific objective evidence of selling price, if it exists; otherwise, (b) third-party evidence of selling price. If neither (a) nor (b) exists, the Group will use (c) managements best estimate of the selling price for that deliverable. The Group recognizes revenue on the elements delivered and defers the recognition of revenue for the fair value of the undelivered elements until the remaining obligations have been satisfied. Where 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.
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. The Group has estimated and recorded RMB77.7 million, RMB135.9 million and RMB176.8 million (US$28.5 million) in agency service fees to third-party advertising agencies for the years ended December 31, 2012, 2013 and 2014, respectively.
Barter transactions
The Group enters into barter transactions involving advertising services and follows ASC 605-20, Revenue Recognition: Services. Such barter transactions should be recorded at fair value only if such value of the advertising surrendered in the transaction is determinable within reasonable limits. The Group did not recognize revenue and expenses for advertising-for-advertising barter transactions since the fair value of the advertising services surrendered/received in the transaction is not determinable for the years ended December 31, 2012, 2013 and 2014. Except for advertising-for-advertising barter transactions, the Group recognized revenue from barter transactions involving exchanging advertising services for content, technical, marketing services and others amounted to RMB2.3 million, nil and RMB1.0 million (US$0.2 million) for the years ended December 31, 2012, 2013 and 2014, respectively.
(ii) Paid service revenues
Paid service revenues comprise of MVAS and games and others.
MVAS
MVAS revenues are derived from providing mobile phone users with mobile digital reading services, mobile game services, mobile video services, wireless value-added services (WVAS). WVAS include short messaging services (SMS), multi-media messaging services (MMS), music services such as ring-back tone (RBT) and interactive voice response (IVR). Revenues from mobile digital reading services, mobile game services, mobile video services, and WVAS are charged on a monthly or per-usage basis. Revenues from MVAS 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 22.
For most mobile games services delivered through telecom operators and WVAS, 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. Most revenues from mobile digital reading services, music services and mobile video services are recorded on a net basis as the Group is acting as an agent of operators in these transactions.
Due to the time lag between when the services are rendered and when the operator billing statements are received, most MVAS revenues are estimated based on the Groups 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 Groups estimates and the operators billing statements for all the years presented.
The Group also contracts with CMCC to provide news contents and other services to support CMCCs own mobile newspaper products. A fixed fee is charged for the contract period, and is recognized as revenue using the straight-line method.
Games and others
Games and others include web-based games, mobile games, online digital reading, content sales, and other online and mobile paid services through the Groups 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 Groups platform 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 started to provide mobile game services in 2014. The game portfolio includes action, role-playing and casual games operated on smartphone mobile operation systems, such as iOS and Android. Mobile games are licensed from third-party developers. The basic game play functions are free of charge, and players are charged for purchases of in-game virtual items, including perpetual and consumable items. Revenues are recognized over the estimated lives of the perpetual items purchased by game players or as the consumable items are consumed. Most of mobile game revenues are recorded on a gross basis as the Group is acting as the principal in offering services to the customers in the transactions.
The Group also provides online literature and 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 produced by Phoenix TV Group and documentaries 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. Pursuant to the cooperation agreement signed with Phoenix TV, the Group pays Phoenix TV 50% of the revenues generated from sales of Phoenix TVs video content, which is recorded in cost of revenues. Refer to Note 21(a) for details. |
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Cost of revenues | (p) Cost of revenues
The Groups 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 Groups 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, administrative 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, sales taxes include business tax and value added tax. The sales taxes and surcharges in cost of revenues for the years ended December 31, 2012, 2013 and 2014 were RMB72.1 million, RMB92.9 million and RMB129.8 million (US$20.9 million), respectively.
In China, business tax is imposed by the government on the revenues reported by the selling entities for the provision of taxable services in China. The business tax rate varies depending on the nature of the revenues. The applicable business tax and surcharges rate for the groups revenues generally ranges from 3.4% to 5.6%.
On November 16, 2011, Ministry of Finance and the State Administration of Taxation announced the Business Tax to Value Added Tax Transformation Pilot Program, or the VAT Pilot Program. Productive service industries, such as the transportation industry and certain modern services industries, were the first in the pilot regions to implement the VAT Pilot Program. The implementation of the VAT Pilot Program began on January 1, 2012 in Shanghai and on September 1, 2012 in Beijing, and was then expanded to seven other provinces and municipalities by the end of 2012. Commencing on August 1, 2013, the implementation of VAT Pilot Program has expanded to all regions in the PRC. As a result of the VAT Pilot Program, the advertising revenues and other modern services revenues, such as games and others services revenues earned by the Groups entities and technical service fees paid by VIEs to Fenghuang On-line pursuant to the Contractual Agreement are subject to value-added tax and surcharges at a rate of approximately 6.7%. On April 29, 2014, a notification (the Cai Shui [2014] No. 43) was jointly issued by the Ministry of Finance and State Administration of Taxation of the Peoples Republic of China, and as approved by the State Council of the Peoples Republic of China, the telecommunications industry would be included in the scope of the VAT Pilot Program for the transformation from the business tax to value-added tax from June 1, 2014. As a result, the Groups MVAS revenues are subject to value-added tax and surcharges at a rate of approximately 6.7% from June 1, 2014.
The Group is also subject to a cultural development fee on the provision of advertising services in China. The applicable tax rate is 3% of the advertising services revenues. |
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Sales and marketing expenses | (q) 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; and (iii) rental expense, depreciation and amortization expenses. The Group expenses advertising costs as incurred. Total advertising expenses were RMB31.1 million, RMB54.2 million and RMB64.4 million (US$10.4 million) for the years ended December 31, 2012, 2013 and 2014, respectively. |
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Technology and product development expenses | (r) 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 Groups 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 | (s) 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 | (t) 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 and/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.
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 rate 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 units forfeitures and record share-based compensation only for those awards that are expected to vest. Refer to Note 15 for further information regarding share-based compensation assumptions and expenses. |
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Income taxes | (u) 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
The Group adopted the provisions of ASC 740-10, Income Taxes: Overall, on January 1, 2007, which clarified the accounting for uncertainty in income taxes by prescribing the recognition and measurement thresholds a tax position is required to meet before being recognized in the financial statements. The guidance prescribes a more likely than not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Significant judgment is required in evaluating the Groups uncertain tax positions and determining its provision for income taxes. Refer to Note 13 for details of the Groups tax positions. |
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Employee social security and welfare benefits | (v) Employee social security and welfare benefits
Full-time employees of the Group in the PRC are entitled to staff welfare benefits including pension, work-related injury benefits, maternity insurance, medical insurance, unemployment benefit and housing fund plans through a PRC government-mandated multi-employer defined contribution plan. The Group is required to accrue for these benefits based on certain percentages of the employees salaries, up to a maximum amount specified by the local government. The Group is required to make contributions to the plans out of the amounts accrued. The PRC government is responsible for the medical benefits and the pension liability to be paid to these employees and the Groups obligations are limited to the amounts contributed. Employee social benefits included as expenses in the accompanying consolidated statements of comprehensive income were RMB47.2 million, RMB57.4 million and RMB73.7 million (US$11.9million) for the years ended December 31, 2012, 2013 and 2014, respectively. |
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Statutory reserves | (w) Statutory reserves
In accordance with the laws applicable to Chinas Foreign Investment Enterprises, those of the Companys 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 Peoples 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 of the Companys China-based subsidiaries that are considered under PRC law to be domestically funded enterprises, as well as the Companys 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 RMB7.3 million, RMB18.3 million and RMB15.6 million (US$2.5 million) to these funds for the years ended December 31, 2012, 2013 and 2014, respectively. |
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Related parties | (x) 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, shareholder, or a related corporation. |
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Dividends | (y) Dividends
Dividends are recognized when declared. No dividends were declared for the years ended December 31, 2012, 2013 and 2014, respectively. The Group does not have any present plan to pay dividends on ordinary shares 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 | (z) Net income per share
The Company 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 Companys Class A and Class B ordinary shares are identical, except with respect to voting. As a result, and in accordance with ASC 260-10, the undistributed earnings for each year are allocated based on the contractual participation rights of the Class A and Class B ordinary shares. 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 and 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 | (aa) 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 as 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 20 for details. |
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Comprehensive income | (ab) 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, as presented on the Groups consolidated balance sheets, includes the foreign currency translation adjustment and fair value remeasurement for available-for-sale investment. |
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Segment reporting | (ac) Segment reporting
Our Groups 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 Groups CODM has been identified as the Chief Executive Officer. As our long-lived assets and revenues are substantially located in and derived from the PRC, no geographical segments are presented.
The Companys organizational structure is based on a number of factors that the CODM uses to evaluate, view and run the Companys business operations, which include, but are not limited to, customer base, homogeneity of products and technology. The Companys operating segments are based on its organizational structure and information reviewed by the Companys CODM to evaluate the operating segment results. |
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Recently issued accounting pronouncements | (ad) Recently issued accounting pronouncements
The FASB issued Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the threshold for reporting discontinued operations and adds new disclosures. The new guidance defines a discontinued operation as a disposal that represents a strategic shift that has (or will have) a major effect on an entitys operations and financial results. The standard is required to be adopted by public business entities in annual periods beginning on or after December 15, 2014, and interim periods within those annual periods. Entities may early adopt the guidance for new disposals. The Group is currently evaluating the impact on its consolidated financial statements of adopting this guidance.
On May 28, 2014, the FASB and IASB issued their long-awaited converged standard on the recognition of revenue from contracts with customers. The standard is intended to improve the financial reporting of revenue and improve comparability of the top line in financial statements globally. The FASB is amending the FASB Accounting Standards Codification and creating a new Topic 606, Revenue from Contracts with Customers, to supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. Additionally, the amendments supersede some cost guidance included in Subtopic 605-35, Revenue RecognitionConstruction-Type and Production-Type Contracts. For a public entity, the amendments are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The Group is currently evaluating the impact on its consolidated financial statements of adopting this guidance.
In June 2014, under ASC 718, CompensationStock Compensation, the FASB issued Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. These amendments apply to all reporting entities that grant their employees share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. That is the case when an employee is eligible to retire or otherwise terminate employment before the end of the period in which a performance target could be achieved and still be eligible to vest in the award if and when the performance target is achieved. For all entities, the amendments are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The Group is currently evaluating the impact on its consolidated financial statements of adopting this guidance.
In August 2014, the FASB issued Presentation of Financial Statements Going Concern. This standard requires management to evaluate for each annual and interim reporting period whether it is probable that the reporting entity will not be able to meet its obligations as they become due within one year after the date that the financial statements are issued. If the entity is in such a position, the standard provides for certain disclosures depending on whether or not the entity will be able to successfully mitigate its going concern status. This guidance is effective for annual periods ending after December 15, 2016 and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. The Company does not anticipate that this adoption will have a significant impact on its financial position, results of operations, or cash flows. |
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Correction to previously issued financial statements | (ae) Correction to previously issued financial statements
In 2014, the classification of certain highly liquid principal-guaranteed investment products (Products) reported as cash and cash equivalents in 2013 were re-assessed and it was determined that these Products should have been classified as term deposits and short term investments to properly reflect the nature of these assets. These Products were issued by reputable commercial banks in China. The maturity periods of these Products were within three months and the principal amounts were guaranteed by the issuing banks. All of these Products were converted into known amounts of cash upon their maturity subsequent to the quarter end. The Company concluded the impact of the resulting correction (Classification Adjustments), is not material to the previously issued financial statements taken as a whole based on assessment under the relevant guidance.
The Classification Adjustments had no impact on the Companys consolidated statements of comprehensive income or the line items of the Companys consolidated balance sheets other than cash and cash equivalents and term deposits and short term investments. In the consolidated statement of cash flows, the Companys cash flows from investing activities, net changes in cash and cash equivalents and ending balances of cash and cash equivalents were amended, but no other line items in the consolidated statement of cash flows were impacted.
The impact of the Classification Adjustments on the line items within the Companys consolidated balance sheets as of December 31, 2013 is as follows:
The impact of the Classification Adjustments on the line items within the Companys consolidated statements of cash flows is as follows:
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X | ||||||||||
- Definition
Basis of presentation, principles of consolidation, recognition of noncontrolling Interest and cost allocations, policy [Policy Text Block] No definition available.
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- Definition
Convenience translation, policy [Policy Text Block] No definition available.
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- Definition
Dividends, policy [Policy Text Block] No definition available.
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- Definition
Employee social security and welfare benefits, policy [Policy Text Block] No definition available.
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- Definition
Related parties, policy [Policy Text Block] No definition available.
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- Definition
Sales and marketing expenses, policy [Policy Text Block] No definition available.
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- Definition
Statutory reserves, policy [Policy Text Block] No definition available.
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- Definition
Term Deposits and Short Term Investments, Policy [Policy Text Block] No definition available.
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- Definition
Treasury stock, policy [Policy Text Block] No definition available.
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- Details
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- 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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- 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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- Definition
Disclosure of accounting policy for comprehensive income. No definition available.
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- 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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- 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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- Definition
Disclosure of accounting policy for the equity method of accounting for investments in common stock or other interests including unconsolidated subsidiaries, corporate joint ventures, noncontrolling interests in real estate ventures, limited partnerships, and limited liability companies. The accounting policy may include information such as: (1) initially recording an investment in the stock of an investee at cost; (2) adjusting the carrying amount of the investment to recognize the investor's share of the earnings or losses of the investee after the date of acquisition; and (3) adjustments to reflect the investor's share of changes in the investee's capital (dividends). This disclosure may also include a detailed description of the policy for determining the amount of equity method losses recognized after an investment has been reduced to zero as a result of previous losses, reasons for not using the equity method when the investor company owns 20 percent or more of the voting stock of the investee's company (including identification of the significant investee), reasons for using the equity method when the ownership percentage is less than 20 percent, and discussion of recognition of equity method losses when an investor's total investment in an investee includes, in addition to an investment in common stock, other investments such as preferred stock and loans to the investee. An entity also may describe how such investments are assessed for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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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- 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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- 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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- Definition
Disclosure of accounting policy for leasing arrangements (both lessor and lessee). This disclosure may address (1) lease classification (that is, operating versus capital), (2) how the term of a lease is determined (for example, the circumstances in which a renewal option is considered part of the lease term), (3) how rental revenue or expense is recognized for a lease that contains rent escalations, (4) an entity's accounting treatment for deferred rent, including that which arises from lease incentives, rent abatements, rent holidays, or tenant allowances (5) an entity's accounting treatment for contingent rental payments and (6) an entity's policy for reviewing, at least annually, the residual values of sales-type and direct-finance leases. The disclosure also may indicate how the entity accounts for its capital leases, leveraged leases or sale-leaseback transactions. 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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- Definition
Disclosure of accounting policy for reclassifications that affects the comparability of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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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- 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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Dec. 31, 2014
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Schedule of subsidiaries, VIEs and subsidiaries of VIEs |
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Schedule of consolidated financial information of Group's VIEs |
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- Definition
Schedule of Subsidiaries, VIEs and Subsidiaries of VIEs [Table Text Block] No definition available.
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- 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)
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Dec. 31, 2014
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Principal Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated useful lives of property and equipment |
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Impact of Classification Adjustments on the line items within the Company's consolidated balance sheets |
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Impact of Classification Adjustments on the line items within the Company's consolidated statements of cash flows |
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- Definition
Property and equipment, estimated useful lives [Table Text Block] No definition available.
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- Definition
Schedule of Impact of Classification Adjustments on Line Items within Consolidated Balance Sheets [Table Text Block] No definition available.
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- Definition
Schedule of Impact of Classification Adjustments on Line Items within Consolidated Statements of Cash Flows [Table Text Block] No definition available.
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Accounts Receivable, Net (Tables)
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Dec. 31, 2014
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Accounts Receivable, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts Receivable, Net |
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Allowance for doubtful accounts receivable |
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- Definition
Schedule of allowance for doubtful accounts receivable [Table Text Block] No definition available.
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- 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)
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Dec. 31, 2014
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Prepayments and Other Current Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prepayments and Other Current Assets |
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- Definition
Schedule of prepayments and other current assets [Table Text Block] No definition available.
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X | ||||||||||
- Details
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Property and Equipment, Net (Tables)
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Dec. 31, 2014
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Property and Equipment, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of property and equipment, net |
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- Details
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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)
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Dec. 31, 2014
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Intangible Assets, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Intangible Assets, Net |
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- Details
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- 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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Other Non-Current Assets (Tables)
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Dec. 31, 2014
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Other Non-Current Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of other non-current assets |
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- Details
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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)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2014
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Accrued Expenses and Other Current Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued expenses and other current liabilities |
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- Definition
Schedule of accrued expenses and other current liabilities [Table Text Block] No definition available.
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X | ||||||||||
- Details
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Cost of Revenues (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2014
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Cost of Revenues [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost of Revenues |
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- Definition
Schedule of cost of revenues [Table Text Block] No definition available.
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X | ||||||||||
- Details
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Income Taxes (Tables)
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Dec. 31, 2014
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Income Taxes [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of provisions for income tax expenses |
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Components of income before tax and income tax expenses for PRC and non-PRC operations |
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Reconciliation of differences between statutory tax rate and effective tax rate |
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Combined effects of income tax expense exemption and reduction |
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Tax effects of temporary differences, give rise to deferred tax assets and liabilities |
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Movement of valuation allowance |
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Reconciliation of liabilities associated with uncertain tax positions |
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- Details
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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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- 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 of 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 (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. 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)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2014
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Share-based Compensation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation recognized in costs and expenses |
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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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Summary of restricted share activities |
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- Definition
Tabular disclosure of the number and weighted-average grant date fair value for restricted stock that were outstanding at the beginning and end of the year, and the number of restricted stock that were granted, vested, or forfeited during the year. No definition available.
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- Details
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- 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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- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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)
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Dec. 31, 2014
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Segments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary information by segments |
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- 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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- Details
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Fair Value Measurements (Tables)
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Dec. 31, 2014
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Fair Value Measurements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements |
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- 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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- Details
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Net Income per Share (Tables)
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Dec. 31, 2014
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Net Income per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic and Diluted Net Income per Share |
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- Details
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- 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)
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Dec. 31, 2014
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Commitments and Contingencies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments |
* The Group and Phoenix TV Group have been involved in various cooperation arrangements, including content sharing, branding and co-promotion, technical support and corporate management (Refer to Note 2(a)). There was no payment for these arrangements until November 2009 when a cooperation agreement was signed between Phoenix TV and the Group to stipulate the cost and expenses charged to the Group for the year 2010 and going forward. Based on the agreement, the Group will pay Phoenix TV 50% of revenue generated from certain contents provided by Phoenix TV Group, 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 increases by 25% annually. On March 28, 2011, Phoenix TV and the Group amended their cooperation agreement to extend the expiration of cooperation period from November 2014 to March 2016. The consideration arrangements for the cooperation remained unchanged. This fixed amount has been included in above table as a commitment to Phoenix TV Group. |
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- Details
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- 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)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2014
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Related Party Transaction [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Major related parties and relationships with Group |
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Amounts due from and due to related parties |
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Entities within the non US listed part of Phoenix TV Group [Member]
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Related Party Transaction [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of related party transactions |
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CMCC [Member]
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Related Party Transaction [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of related party transactions |
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Equity method investees [Member]
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Related Party Transaction [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of related party transactions |
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- Definition
Schedule of amounts due from and due to related parties [Table Text Block] No definition available.
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- Definition
Schedule of major related parties and relationships with group [Table Text Block] No definition available.
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- Details
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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.
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Organization and Principal Activities (Details of subsidiaries, VIEs and subsidiaries of VIE) (Details)
|
12 Months Ended |
---|---|
Dec. 31, 2014
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Direct subsidiaries [Member] | Phoenix Satellite Television Information Limited [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
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 [Member] | Phoenix New Media (Hong Kong) Company Limited [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
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 [Member] | Phoenix New Media (Hong Kong) Information Technology Company Limited [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
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 [Member] | I Game Limited [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
Place of Incorporation | Cayman Island |
Date of Incorporation | May 20, 2014 |
Percentage of Direct or Indirect Economic Ownership | 100.00% |
Principal Activity | Investment holding |
Indirect subsidiaries [Member] | Fenghuang On-line (Beijing) Information Technology Co., Ltd. ("Fenghuang On-line") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
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 [Member] | Beijing Fenghuang Yutian Software Technology Co., Ltd. ("Fenghuang Yutian") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
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 [Member] | Fenghuang Feiyang (Beijing) New Media Information Technology Co., Ltd. ("Fenghuang Feiyang") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
Place of Incorporation | PRC |
Date of Incorporation | Oct. 25, 2013 |
Percentage of Direct or Indirect Economic Ownership | 100.00% |
Principal Activity | Technical consulting |
Indirect subsidiaries [Member] | I Game (Hong Kong) Company Limited [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
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 [Member] | Beijing Fenghuang Borui Software Technology Co., Ltd. ("Fenghuang Borui") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
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 [Member] | Qieyiyou (Beijing) Information Technology Co., Ltd. ("Qieyiyou") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
Place of Incorporation | PRC |
Date of Incorporation | Nov. 28, 2014 |
Percentage of Direct or Indirect Economic Ownership | 100.00% |
Principal Activity | Game |
VIEs [Member] | Beijing Tianying Jiuzhou Network Technology Co., Ltd. ("Tianying Jiuzhou") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
Place of Incorporation | PRC |
Date of Incorporation | Apr. 18, 2000 |
Percentage of Direct or Indirect Economic Ownership | 100.00% |
Principal Activity | Advertising, MVAS, and games and others |
VIEs [Member] | Yifeng Lianhe (Beijing) Technology Co., Ltd. ("Yifeng Lianhe") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
Place of Incorporation | PRC |
Date of Incorporation | Jun. 16, 2006 |
Percentage of Direct or Indirect Economic Ownership | 100.00% |
Principal Activity | MVAS |
VIEs [Member] | Beijing Chenhuan Technology Co., Ltd. ("Chenhuan") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
Place of Incorporation | PRC |
Date of Incorporation | Jun. 10, 2014 |
Percentage of Direct or Indirect Economic Ownership | 100.00% |
Principal Activity | Game |
VIEs [Member] | Beijing Youjiuzhou Technology Co., Ltd. ("Youjiuzhou") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
Place of Incorporation | PRC |
Date of Incorporation | Jun. 10, 2014 |
Percentage of Direct or Indirect Economic Ownership | 100.00% |
Principal Activity | Game |
VIEs [Member] | Beijing Huanyou Tianxia Technology Co., Ltd. ("Huanyou Tianxia") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
Place of Incorporation | PRC |
Date of Incorporation | Jun. 16, 2014 |
Percentage of Direct or Indirect Economic Ownership | 100.00% |
Principal Activity | Game |
Direct subsidiaries of Tianying Jiuzhou [Member] | Beijing Tianying Chuangzhi Advertising Co., Ltd. ("Tianying Chuangzhi") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
Place of Incorporation | PRC |
Date of Incorporation | Feb. 08, 2010 |
Percentage of Direct or Indirect Economic Ownership | 100.00% |
Principal Activity | Advertising |
Direct subsidiaries of Tianying Jiuzhou [Member] | Beijing Jirong Wenhua Culture Communication Co., Ltd. ("Jirong Wenhua") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
Place of Incorporation | PRC |
Date of Incorporation | Jun. 01, 2012 |
Percentage of Direct or Indirect Economic Ownership | 100.00% |
Principal Activity | Publishing |
Direct subsidiaries of Tianying Jiuzhou [Member] | Tianjin Fenghuang Mingdao Culture Communication Co., Ltd. ("Fenghuang Mingdao") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
Place of Incorporation | PRC |
Date of Incorporation | May 24, 2013 |
Percentage of Direct or Indirect Economic Ownership | 100.00% |
Principal Activity | Advertising |
Direct subsidiaries of Tianying Jiuzhou [Member] | Beijing Tianying Chuangzhan Culture Communication Co., Ltd. ("Tianying Chuangzhan") [Member]
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Schedule of Subsidiaries, VIEs and Subsidiaries of VIE [Line Items] | |
Place of Incorporation | PRC |
Date of Incorporation | Jul. 29, 2013 |
Percentage of Direct or Indirect Economic Ownership | 100.00% |
Principal Activity | Advertising |
X | ||||||||||
- Definition
Date when an entity was incorporated No definition available.
|
X | ||||||||||
- Definition
State or Country Name where an entity is incorporated No definition available.
|
X | ||||||||||
- Details
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X | ||||||||||
- Definition
Percentage of direct or indirect economic ownership of the subsidiaries, VIEs and the subsidiary of one of the VIEs No definition available.
|
X | ||||||||||
- Definition
Principal activity of the subsidiaries, VIEs and the subsidiary of one of the VIEs No definition available.
|
Organization and Principal Activities (Narrative) (Details)
In Millions, unless otherwise specified |
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
---|---|---|
Organization and Principal Activities [Abstract] | ||
Registered capital and PRC statutory reserves of VIEs used to solely settle obligations of VIEs | $ 5.1 | 31.4 |
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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X | ||||||||||
- Details
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Organization and Principal Activities (Financial information of consolidated VIEs) (Details)
|
12 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Consolidated VIEs [Member]
USD ($)
|
Dec. 31, 2014
Consolidated VIEs [Member]
CNY
|
Dec. 31, 2013
Consolidated VIEs [Member]
CNY
|
Dec. 31, 2012
Consolidated VIEs [Member]
CNY
|
|||||||||
Variable Interest Entity [Line Items] | ||||||||||||||||
Current assets | $ 332,481,000 | 2,062,908,000 | 1,941,037,000 | $ 216,134,000 | 1,341,023,000 | 1,132,220,000 | ||||||||||
Non-current assets | 42,536,000 | 263,922,000 | 115,723,000 | 11,314,000 | 70,197,000 | 43,736,000 | ||||||||||
Total assets | 375,017,000 | 2,326,830,000 | 2,056,760,000 | 227,448,000 | 1,411,220,000 | 1,175,956,000 | ||||||||||
Accounts payable | 43,774,000 | 271,599,000 | 218,604,000 | 56,733,000 | 352,008,000 | 217,556,000 | ||||||||||
Amounts due to related parties | 3,625,000 | 22,489,000 | 21,034,000 | 143,000 | 886,000 | 509,000 | ||||||||||
Amounts due to inter-company entities | 98,021,000 | 608,181,000 | 676,275,000 | |||||||||||||
Advances from customers | 2,835,000 | 17,587,000 | 10,732,000 | 2,801,000 | 17,380,000 | 10,519,000 | ||||||||||
Taxes payable | 14,334,000 | 88,938,000 | 58,140,000 | 8,013,000 | 49,717,000 | 15,631,000 | ||||||||||
Salary and welfare payable | 16,935,000 | 105,073,000 | 98,831,000 | 13,679,000 | 84,874,000 | 87,293,000 | ||||||||||
Accrued expenses and other current liabilities | 13,910,000 | 86,307,000 | 62,153,000 | 12,398,000 | 76,916,000 | 50,389,000 | ||||||||||
Current liabilities | 95,413,000 | 591,993,000 | 469,494,000 | 191,788,000 | 1,189,962,000 | 1,058,172,000 | ||||||||||
Non-current liabilities | 2,929,000 | 18,179,000 | 12,231,000 | 2,929,000 | 18,179,000 | 12,231,000 | ||||||||||
Total liabilities | 98,342,000 | 610,172,000 | 481,725,000 | 194,717,000 | 1,208,141,000 | 1,070,403,000 | ||||||||||
Revenues | 263,975,000 | [1] | 1,637,860,000 | [1] | 1,424,475,000 | [1] | 1,111,004,000 | [1] | 263,164,000 | 1,632,827,000 | 1,418,693,000 | 1,105,053,000 | ||||
Net income | 42,245,000 | 262,119,000 | 278,023,000 | 107,359,000 | 8,565,000 | 53,141,000 | 14,851,000 | 16,359,000 | ||||||||
Net cash provided by/(used in) operating activities | 44,076,000 | 273,474,000 | 347,802,000 | 109,580,000 | (17,848,000) | (110,741,000) | (311,286,000) | 118,870,000 | ||||||||
Net cash (used in)/provided by investing activities | 63,368,000 | 393,172,000 | (351,336,000) | [2] | 471,030,000 | 65,054,000 | 403,635,000 | (457,202,000) | (29,578,000) | |||||||
Net cash provided by financing activities | (36,061,000) | (223,744,000) | (64,679,000) | (60,110,000) | 1,612,000 | 10,000,000 | 0 | 0 | ||||||||
Inter-company technical services fees | $ 66,800,000 | 414,400,000 | 380,900,000 | 186,000,000 | ||||||||||||
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X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of obligations due inter-company entities. No definition available.
|
X | ||||||||||
- Definition
The inter-company technical services fees are charged by other entities of the Group to the consolidated VIEs. No definition available.
|
X | ||||||||||
- 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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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
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
|
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
|
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
|
X | ||||||||||
- 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
|
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 | ||||||||||
- 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
|
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
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 | ||||||||||
- 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
|
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
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 | ||||||||||
- Details
|
Principal Accounting Policies (Additional information) (Details)
|
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
|
Convenience translation [Abstract] | ||||
Convenience translation, noon buying rate of US$ using RMB | 6.2046 | |||
Impairment of long-lived assets [Abstract] | ||||
Impairment of long-lived assets recognized | 0 | 0 | 0 | |
Sales and marketing expenses [Abstract] | ||||
Advertising expenses | 10,400,000 | 64,400,000 | 54,200,000 | 31,100,000 |
Employee social benefits [Abstract] | ||||
Employee social benefits | $ 11,900,000 | 73,700,000 | 57,400,000 | 47,200,000 |
X | ||||||||||
- Details
|
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.
|
X | ||||||||||
- Definition
The amount of employee social benefits included as expenses in the accompanying consolidated statements of operations. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
|
Principal Accounting Policies (Property and equipment, net) (Details)
|
12 Months Ended |
---|---|
Dec. 31, 2014
|
|
Computer, equipment and furniture [Member]
|
|
Property, Plant and Equipment [Line Items] | |
Estimated Useful Lives | 5 years |
Motor vehicles [Member]
|
|
Property, Plant and Equipment [Line Items] | |
Estimated Useful Lives | 5 years |
Leasehold improvements [Member]
|
|
Property, Plant and Equipment [Line Items] | |
Estimated Useful Lives | Lesser of lease terms or the estimated useful lives of the assets |
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 | ||||||||||
- Details
|
Principal Accounting Policies (Intangible assets, net) (Details)
|
12 Months Ended |
---|---|
Dec. 31, 2014
|
|
Computer software [Member]
|
|
Finite-Lived Intangible Assets [Line Items] | |
Estimated useful lives | 5 years |
Internet domain name [Member]
|
|
Finite-Lived Intangible Assets [Line Items] | |
Estimated useful lives | 10 years |
X | ||||||||||
- Details
|
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.
|
Principal Accounting Policies (Revenue recognition) (Details)
|
12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Phoenix TV [Member]
|
|
Revenue Recognition, Multiple-deliverable Arrangements [Line Items] | |||||
Agency service fees to third-party advertising agencies | $ 28,500,000 | 176,800,000 | 135,900,000 | 77,700,000 | |
Revenue from barter transactions involving exchanging advertising services for content, technical, marketing services and others | $ 200,000 | 1,000,000 | 0 | 2,300,000 | |
Percentage of revenues generated from sales of Phoenix TV's video content paid to Phoenix TV (as a percent) | 50.00% |
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 | ||||||||||
- 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
Total revenue recognized from advertising barter transactions for each income statement presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Principal Accounting Policies (Cost of revenues) (Details)
In Thousands, unless otherwise specified |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Minimum [Member]
|
Dec. 31, 2014
Maximum [Member]
|
|
Taxation [Line Items] | ||||||
Sales taxes and surcharges in cost of revenues | $ 20,915 | 129,768 | 92,937 | 72,126 | ||
Applicable business tax and surcharges rate | 3.40% | 5.60% | ||||
Tax rate of value added tax and surcharges | 6.70% | 6.70% | ||||
Applicable tax rate of cultural development fee for advertising services revenues | 3.00% | 3.00% |
X | ||||||||||
- Definition
Applicable Business Tax and Surcharges Rate No definition available.
|
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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
Tax rate of value added tax and surcharges No definition available.
|
Principal Accounting Policies (Statutory reserves) (Details)
In Millions, unless otherwise specified |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Wholly foreign-owned enterprise [Member]
|
Dec. 31, 2014
Domestically funded enterprises [Member]
|
|
Schedule of Statutory Reserves [Line Items] | ||||||
Portion of after-tax profit to be allocated to general reserve 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% | ||||
Appropriations to statutory reserves | $ 2.5 | 15.6 | 18.3 | 7.3 |
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 | ||||||||||
- Details
|
Principal Accounting Policies (Correction to previously issued financial statements) (Details)
In Thousands, unless otherwise specified |
12 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2013
USD ($)
|
Dec. 31, 2011
CNY
|
Dec. 31, 2013
As reported [Member]
CNY
|
Dec. 31, 2013
Adjustments [Member]
CNY
|
||||
Impact of Classification Adjustments on the line items within the Company's consolidated balance sheets | |||||||||||
Cash and cash equivalents | $ 207,241 | 1,285,847 | 845,138 | [1] | 916,169 | $ 136,211 | 397,166 | 1,308,138 | (463,000) | ||
Term deposits and short term investments | 6,447 | 40,000 | 556,672 | [1] | 93,672 | 463,000 | |||||
Impact of Classification Adjustments on the line items within the Company's consolidated statements of cash flows | |||||||||||
Placement of term deposits and short term investments | (574,618) | (3,565,274) | (2,696,407) | [1] | (1,221,801) | (186,407) | (2,510,000) | ||||
Maturity of term deposits and short term investments | 657,993 | 4,082,583 | 2,374,309 | [1] | 1,772,414 | 327,309 | 2,047,000 | ||||
Net cash provided by/(used in) investing activities | 63,368 | 393,172 | (351,336) | [1] | 471,030 | 111,664 | (463,000) | ||||
Net increase/(decrease) in cash and cash equivalents | $ 71,030 | 440,709 | (71,031) | [1] | 519,003 | 391,969 | (463,000) | ||||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Maturity of term deposits and short term investments, as cash flows from investing activities. No definition available.
|
X | ||||||||||
- Definition
Placement of term deposits and short term investments, as cash flows from investing activities. No definition available.
|
X | ||||||||||
- 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.
|
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 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
|
Certain Risks and Concentration (Major Customers) (Details) (Customer concentration risk [Member])
In Millions, unless otherwise specified |
12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
CMCC [Member]
USD ($)
|
Dec. 31, 2014
CMCC [Member]
CNY
|
Dec. 31, 2013
CMCC [Member]
CNY
|
Dec. 31, 2012
CMCC [Member]
CNY
|
Dec. 31, 2014
Total revenues [Member]
CMCC [Member]
|
Dec. 31, 2013
Total revenues [Member]
CMCC [Member]
|
Dec. 31, 2012
Total revenues [Member]
CMCC [Member]
|
Dec. 31, 2014
Total revenues [Member]
Other Customers [Member]
|
Dec. 31, 2013
Total revenues [Member]
Other Customers [Member]
|
Dec. 31, 2012
Total revenues [Member]
Other Customers [Member]
|
Dec. 31, 2014
Total accounts receivable [Member]
Other Customers [Member]
|
Dec. 31, 2013
Total accounts receivable [Member]
Other Customers [Member]
|
|
Concentration Risk [Line Items] | ||||||||||||
Revenues generated through and from CMCC | $ 51.6 | 320.4 | 429.6 | 434.8 | ||||||||
Percentage of concentration risk | 19.60% | 30.20% | 39.10% | |||||||||
Accounts receivable from CMCC | $ 12.0 | 74.3 | 73.1 | |||||||||
Threshold of business risk associated with percentage of quantitative amount generated by any single customer of the Group (as a percent) | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% |
X | ||||||||||
- Definition
The amount of accounts receivable from major customer. No definition available.
|
X | ||||||||||
- Definition
The amount of revenues generated through major customer. No definition available.
|
X | ||||||||||
- Definition
Threshold of business risk associated with percentage of quantitative amount, like revenues or accounts receivable, generated by any single customer of the Group. No definition available.
|
X | ||||||||||
- Details
|
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
|
Accounts Receivable, Net (Details)
In Thousands, unless otherwise specified |
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
USD ($)
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2011
CNY
|
---|---|---|---|---|---|---|
Accounts Receivable, Net [Abstract] | ||||||
Accounts receivable, gross | $ 83,380 | 517,336 | 373,963 | |||
Allowance for doubtful accounts | (3,831) | (23,767) | (3,318) | (20,584) | (22,198) | (8,404) |
Accounts receivable, net | $ 79,549 | 493,569 | 353,379 |
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 | ||||||||||
- Details
|
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 (Allowance for Doubtful Accounts) (Details)
In Thousands, unless otherwise specified |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
|
Accounts Receivable, Net [Abstract] | ||||
Balance as of January 1 | $ 3,318 | 20,584 | 22,198 | 8,404 |
Additional provision charged to bad debt expenses | 1,487 | 9,229 | 2,590 | 25,902 |
Write-off of bad debt provision | (246) | (1,526) | (4,204) | (12,108) |
Disposition of certain investment in a subsidiary | (728) | (4,520) | 0 | 0 |
Balance as of December 31 | $ 3,831 | 23,767 | 20,584 | 22,198 |
X | ||||||||||
- Definition
Additions charged to bad debt expenses, movement of the allowance for doubtful accounts receivable No definition available.
|
X | ||||||||||
- Definition
Decrease of allowance for doubtful accounts from disposition of investment in subsidiary. No definition available.
|
X | ||||||||||
- Details
|
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
|
Prepayments and Other Current Assets (Details)
In Thousands, unless otherwise specified |
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
---|---|---|---|
Prepayments and Other Current Assets [Abstract] | |||
Prepaid rental and deposits | $ 251 | 1,557 | 3,280 |
Prepayments to suppliers and other business related expenses | 5,446 | 33,788 | 19,299 |
Receivables related to exercise of employee options | 767 | 4,759 | 3,981 |
Others | 419 | 2,599 | 1,351 |
Total | $ 6,883 | 42,703 | 27,911 |
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 | ||||||||||
- Details
|
Property and Equipment, Net (Summary of property and equipment, net) (Details)
|
12 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Computer, equipment and furniture [Member]
USD ($)
|
Dec. 31, 2014
Computer, equipment and furniture [Member]
CNY
|
Dec. 31, 2013
Computer, equipment and furniture [Member]
CNY
|
Dec. 31, 2014
Motor vehicles [Member]
USD ($)
|
Dec. 31, 2014
Motor vehicles [Member]
CNY
|
Dec. 31, 2013
Motor vehicles [Member]
CNY
|
Dec. 31, 2014
Leasehold improvements [Member]
USD ($)
|
Dec. 31, 2014
Leasehold improvements [Member]
CNY
|
Dec. 31, 2013
Leasehold improvements [Member]
CNY
|
|
Property, Plant and Equipment [Line Items] | |||||||||||||
Total gross value | $ 27,823,000 | 172,629,000 | 151,496,000 | $ 21,006,000 | 130,327,000 | 110,209,000 | $ 1,018,000 | 6,319,000 | 5,732,000 | $ 5,799,000 | 35,983,000 | 35,555,000 | |
Less: accumulated depreciation | (13,367,000) | (82,935,000) | (56,370,000) | ||||||||||
Net book value | 14,456,000 | 89,694,000 | 95,126,000 | ||||||||||
Depreciation expenses | $ 5,100,000 | 31,600,000 | 28,700,000 | 19,200,000 |
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
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 | ||||||||||
- 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 | ||||||||||
- Details
|
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
|
Intangible Assets, Net (Summary of Intangible Assets, Net) (Details)
In Thousands, unless otherwise specified |
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2014
Software [Member]
USD ($)
|
Dec. 31, 2014
Software [Member]
CNY
|
Dec. 31, 2013
Software [Member]
CNY
|
Dec. 31, 2014
Operating rights for licensed games [Member]
USD ($)
|
Dec. 31, 2014
Operating rights for licensed games [Member]
CNY
|
Dec. 31, 2013
Operating rights for licensed games [Member]
CNY
|
Dec. 31, 2014
Domain name [Member]
USD ($)
|
Dec. 31, 2014
Domain name [Member]
CNY
|
Dec. 31, 2013
Domain name [Member]
CNY
|
---|---|---|---|---|---|---|---|---|---|---|---|---|
Intangible Assets [Line Items] | ||||||||||||
Total gross value | $ 4,045 | 25,094 | 13,359 | $ 2,344 | 14,541 | 13,305 | $ 1,692 | 10,499 | 0 | $ 9 | 54 | 54 |
Less: accumulated amortization | (1,641) | (10,181) | (5,440) | |||||||||
Net book value | $ 2,404 | 14,913 | 7,919 |
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 | ||||||||||
- Details
|
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
|
Intangible Assets, Net (Narrative) (Details)
In Millions, unless otherwise specified |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
|
Intangible Assets, Net [Abstract] | ||||
Amortization expenses | $ 0.8 | 4.7 | 2.8 | 1.9 |
Estimated amortization expenses [Abstract] | ||||
2015 | 6.7 | |||
2016 | 6.3 | |||
2017 | 1.3 | |||
2018 | 0.5 | |||
2019 | 0.1 |
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 | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Available-for-sale Investment (Details)
In Millions, unless otherwise specified |
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Oct. 22, 2014
Series B convertible redeemable preferred shares [Member]
Particle Inc. [Member]
USD ($)
|
Oct. 22, 2014
Series B convertible redeemable preferred shares [Member]
Particle Inc. [Member]
CNY
|
---|---|---|---|---|
Schedule of Available-for-sale Securities [Line Items] | ||||
Percentage of equity interests acquired | 9.34% | 9.34% | ||
Cash consideration | $ 6.0 | 36.8 | ||
Unrealized gains on available-for-sale investment recorded in accumulated other comprehensive income | $ 6.5 | 40.3 |
X | ||||||||||
- Definition
Cash consideration paid to acquire equity interests of investee. No definition available.
|
X | ||||||||||
- Definition
Percentage of equity interests entities acquired. 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 | ||||||||||
- Details
|
Equity Investments (Narrative) (Details)
|
12 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Mar. 31, 2014
Phoenix FM Limited ("Phoenix FM") [Member]
USD ($)
|
Mar. 31, 2014
Phoenix FM Limited ("Phoenix FM") [Member]
CNY
|
Mar. 31, 2014
Phoenix FM Limited ("Phoenix FM") [Member]
Ordinary Shares [Member]
|
Mar. 31, 2014
Phoenix FM Limited ("Phoenix FM") [Member]
IDG-Accel China Growth Fund L.P. and IDG-Accel China Investors L.P. [Member]
Convertible preferred shares [Member]
USD ($)
|
Apr. 30, 2014
Fenghuang Jingcai [Member]
USD ($)
|
Apr. 30, 2014
Fenghuang Jingcai [Member]
CNY
|
Dec. 31, 2014
Fenghuang Jingcai [Member]
USD ($)
|
Dec. 31, 2014
Fenghuang Jingcai [Member]
CNY
|
Apr. 30, 2014
Fenghuang Jingcai [Member]
Shikong Chuangyi (Beijing) Technology Culture Development Co. Ltd and an individual investor [Member]
CNY
|
Dec. 31, 2014
Particle [Member]
USD ($)
|
Dec. 31, 2014
Particle [Member]
CNY
|
Dec. 31, 2014
Particle [Member]
Ordinary Shares [Member]
USD ($)
|
Dec. 31, 2014
Particle [Member]
Ordinary Shares [Member]
CNY
|
Dec. 31, 2014
Beijing Fenghuang Tianbo Network Technology Co., Ltd [Member]
USD ($)
|
Dec. 31, 2014
Beijing Fenghuang Tianbo Network Technology Co., Ltd [Member]
CNY
|
|
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||
Convertible preferred shares acquired | $ 3,000,000 | ||||||||||||||||||
Percentage of ordinary shares owned by the Company | 100.00% | ||||||||||||||||||
Gain on disposition of subsidiaries and acquisition of equity investments | 4,780,000 | 29,660,000 | 0 | 0 | 2,900,000 | 18,000,000 | 900,000 | 5,500,000 | 1,000,000 | 6,200,000 | |||||||||
Capital contribution injected by shareholders | 8,200,000 | ||||||||||||||||||
Percentage of equity interest acquired | 54.94% | 9.08% | 9.08% | ||||||||||||||||
Equity interests owned by the Company | 45.06% | 45.06% | 50.00% | 50.00% | |||||||||||||||
Paid-in capital | 700,000 | 4,510,000 | |||||||||||||||||
Cash consideration | 5,000,000 | 31,200,000 | |||||||||||||||||
Value of Class A ordinary shares of the Company transferred to acquire equity interests | 2,800,000 | 17,300,000 | |||||||||||||||||
Percentage of equity interests owned by the Company on an as-if converted basis | 18.42% | 18.42% | |||||||||||||||||
Amortizable intangible assets | 600,000 | 3,500,000 | |||||||||||||||||
Goodwill | 6,400,000 | 39,500,000 | |||||||||||||||||
Deferred tax liabilities | 100,000 | 900,000 | |||||||||||||||||
Amount of equity method investments | $ 11,101,000 | 68,880,000 | 0 | $ 2,300,000 | 14,300,000 |
X | ||||||||||
- Definition
Amount of capital contribution injected by shareholders. No definition available.
|
X | ||||||||||
- Definition
Cash consideration paid to acquire equity interests of investee. No definition available.
|
X | ||||||||||
- Definition
Amount of convertible preferred shares acquired. No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Allocation of Excess of Purchase Price over Proportionate Share of Net Assets, Amortizable Intangible Assets No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Allocation of Excess of Purchase Price over Proportionate Share of Net Assets, Deferred Tax Liabilities No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Allocation of Excess of Purchase Price over Proportionate Share of Net Assets, Goodwill No definition available.
|
X | ||||||||||
- Definition
Paid-in capital recognized in consolidated balance sheets related to investee. No definition available.
|
X | ||||||||||
- Definition
Percentage of common stock of investees owned. No definition available.
|
X | ||||||||||
- Definition
Percentage of equity interests entities acquired. 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
Value of common stock which were transferred to acquire equity interests of investee. No definition available.
|
X | ||||||||||
- Definition
The amount of the gain (loss) recognized by the parent and included in its attributable portion of net income for the period due to deconsolidation of a subsidiary or derecognition of a group of assets. The gain (loss) recognized and included in the net income attributable to the parent for the period is generally computed as the difference between: (a) the aggregate of: (1) the fair value of any consideration received; (2) the fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary was deconsolidated; and (3) the carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary was deconsolidated and (b) the carrying amount of the former subsidiary's assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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 | ||||||||||
- Details
|
Other Non-Current Assets (Details)
In Thousands, unless otherwise specified |
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
---|---|---|---|
Other Non-Current Assets [Abstract] | |||
Rental deposits | $ 1,384 | 8,591 | 7,460 |
Non-current portion of prepayments to suppliers and other business related expenses | 766 | 4,751 | 5,218 |
Total | $ 2,150 | 13,342 | 12,678 |
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
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Accrued Expenses and Other Current Liabilities (Details)
In Thousands, unless otherwise specified |
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
---|---|---|---|
Accrued Expenses and Other Current Liabilities [Abstract] | |||
Deposits from advertising agencies | $ 4,062 | 25,203 | 14,844 |
Accrued professional fees | 633 | 3,929 | 4,593 |
General operating expenses payables | 8,540 | 52,988 | 40,117 |
Others | 675 | 4,187 | 2,599 |
Total | $ 13,910 | 86,307 | 62,153 |
X | ||||||||||
- Definition
The amount of deposits from advertising agencies No definition available.
|
X | ||||||||||
- Definition
The amount of general operating expenses payables 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 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 | ||||||||||
- Details
|
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
|
Cost of Revenues (Details)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
|||||||
Cost of Revenues [Abstract] | ||||||||||
Revenue sharing fees | $ 30,957 | 192,076 | 249,797 | 263,518 | ||||||
Content and operational costs | 60,689 | 376,555 | 277,038 | 227,934 | ||||||
Bandwidth costs | 13,415 | 83,233 | 76,583 | 67,721 | ||||||
Sales taxes and surcharges | 20,915 | 129,768 | 92,937 | 72,126 | ||||||
Total | $ 125,976 | [1] | 781,632 | [1] | 696,355 | [1] | 631,299 | [1] | ||
|
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 | ||||||||||
- Details
|
Income Taxes (Summary of provisions for income tax expense) (Details)
In Thousands, unless otherwise specified |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
|
Income Taxes [Abstract] | ||||
Current tax expense | $ 8,317 | 51,603 | 42,863 | 22,550 |
Deferred tax benefit | (520) | (3,226) | (5,275) | (5,573) |
Income tax expense | $ 7,797 | 48,377 | 37,588 | 16,977 |
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 | ||||||||||
- Details
|
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, unless otherwise specified |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
|
Income Taxes [Abstract] | ||||
Income arising from PRC operations | $ 57,806 | 358,667 | 292,333 | 103,168 |
Profit/(loss) arising from non-PRC operations | (7,764) | (48,171) | 23,278 | 21,168 |
Income before tax | 50,042 | 310,496 | 315,611 | 124,336 |
Income tax expense relating to PRC operations | 7,782 | 48,281 | 37,573 | 16,961 |
Income tax expense relating to non-PRC operations | 15 | 96 | 15 | 16 |
Income tax expense | $ 7,797 | 48,377 | 37,588 | 16,977 |
Effective tax rate for PRC operations | 13.50% | 13.50% | 12.90% | 16.40% |
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
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and 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 | ||||||||||
- Details
|
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 (Narrative) (Details)
In Millions, unless otherwise specified |
12 Months Ended | 24 Months Ended | 12 Months Ended | 36 Months Ended | 12 Months Ended | 60 Months Ended | 36 Months Ended | 72 Months Ended | 24 Months Ended | 36 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
Hong Kong [Member]
|
Dec. 31, 2014
PRC [Member]
USD ($)
|
Dec. 31, 2014
PRC [Member]
CNY
|
Dec. 31, 2013
PRC [Member]
CNY
|
Dec. 31, 2012
PRC [Member]
|
Dec. 31, 2014
PRC [Member]
Yifeng Lianhe [Member]
|
Dec. 31, 2014
PRC [Member]
Tianying Chuangzhi [Member]
|
Dec. 31, 2014
PRC [Member]
Fenghuang Mingdao [Member]
|
Dec. 31, 2014
PRC [Member]
Tianying Chuangzhan [Member]
|
Dec. 31, 2014
PRC [Member]
Fenghuang Feiyang [Member]
|
Dec. 31, 2014
PRC [Member]
Jirong Wenhua [Member]
|
Dec. 31, 2014
PRC [Member]
Fenghuang Borui [Member]
|
Dec. 31, 2014
PRC [Member]
New Technology Enterprise [Member]
|
Dec. 31, 2011
PRC [Member]
New Technology Enterprise [Member]
Fenghuang On-line [Member]
|
Dec. 31, 2008
PRC [Member]
New Technology Enterprise [Member]
Fenghuang On-line [Member]
|
Dec. 31, 2014
PRC [Member]
High and New Technology Enterprises [Member]
|
Dec. 31, 2016
PRC [Member]
High and New Technology Enterprises [Member]
Fenghuang On-line [Member]
|
Dec. 31, 2010
PRC [Member]
High and New Technology Enterprises [Member]
Tianying Jiuzhou [Member]
|
Dec. 31, 2016
PRC [Member]
High and New Technology Enterprises [Member]
Tianying Jiuzhou [Member]
|
Dec. 31, 2012
PRC [Member]
High and New Technology Enterprises [Member]
Yifeng Lianhe [Member]
|
Dec. 31, 2017
PRC [Member]
Software Enterprise [Member]
Fenghuang Yutian [Member]
|
|
Schedule of Income Taxes [Line Items] | |||||||||||||||||||||
Statutory income tax rate | 16.50% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |||||||||
State corporate income taxes before 2008, statutory rates | 30.00% | 30.00% | |||||||||||||||||||
Local corporate income taxes before 2008, statutory rates | 3.00% | 3.00% | |||||||||||||||||||
Preferential EIT rate | 15.00% | 7.50% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | ||||||||||||||
Number of years of tax exemption | 3 years | 3 years | |||||||||||||||||||
Reduction rate upon applicable EIT rates | 50.00% | 50.00% | 50.00% | ||||||||||||||||||
Number of years of tax rate reduction subsequent to years of tax exemption | 3 years | 3 years | 3 years | ||||||||||||||||||
Transition period for FIEs to continue to enjoy existing preferential tax treatments | 5 years | 5 years | |||||||||||||||||||
Tax rate uncertainty under Circular 157 issued by State Administration of Tax | In April 2010, the State Administration of Tax ("SAT") issued Circular 157, which seeks to provide additional guidance on the interaction of certain preferential tax rates under the transitional rules of the EIT Law. Prior to Circular 157, the Group interpreted the law to mean that if an entity was in a period where it was entitled to a 50% reduction in the tax rate and was also entitled to a 15% rate of tax due to HNTE status under the EIT Law, then it was entitled to pay tax at the rate of 7.5%. Circular 157 appears to have the effect that such an entity is entitled to pay tax at either 15% or 50% of the applicable PRC tax rate. The effect of Circular 157 is retrospective and would apply to 2008 and 2009. | In April 2010, the State Administration of Tax ("SAT") issued Circular 157, which seeks to provide additional guidance on the interaction of certain preferential tax rates under the transitional rules of the EIT Law. Prior to Circular 157, the Group interpreted the law to mean that if an entity was in a period where it was entitled to a 50% reduction in the tax rate and was also entitled to a 15% rate of tax due to HNTE status under the EIT Law, then it was entitled to pay tax at the rate of 7.5%. Circular 157 appears to have the effect that such an entity is entitled to pay tax at either 15% or 50% of the applicable PRC tax rate. The effect of Circular 157 is retrospective and would apply to 2008 and 2009. | |||||||||||||||||||
Aggregate undistributed earnings of the Group's entities located in the PRC | $ 135.1 | 838.1 | 542.3 | ||||||||||||||||||
Unrecognized deferred tax liability on the permanently reinvested earnings | $ 13.5 | 83.8 | 54.2 |
X | ||||||||||
- Definition
The tax rate of local corporate income taxes which companies established in China were generally subject to prior to January 1, 2008. No definition available.
|
X | ||||||||||
- Definition
Pursuant to the income tax laws and rules prior to January 1, 2008, the number of years of tax exemption which an enterprise qualified as a "New Technology Enterprise" was entitled to. No definition available.
|
X | ||||||||||
- Definition
Pursuant to the income tax laws and rules prior to January 1, 2008, the number of years of tax rate reduction subsequent to years of tax exemption which an enterprise qualified as a "New Technology Enterprise" was entitled to. 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
Pursuant to the income tax laws and rules prior to January 1, 2008, the reduction rate upon applicable EIT rates which an enterprise qualified as a "New Technology Enterprise" was entitled to. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The tax rate of state corporate income taxes which companies established in China were generally subject to prior to January 1, 2008. No definition available.
|
X | ||||||||||
- Definition
The description of tax rate uncertainty under Circular 157 issued by State Administration of Tax. No definition available.
|
X | ||||||||||
- Definition
The transition period for FIEs to continue to enjoy existing preferential tax treatments after new Corporate Income Tax Law ("EIT Law") was enacted. 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
|
Income Taxes (Reconciliation of Differences between Statutory Tax Rate and Effective Tax Rate) (Details) (PRC [Member])
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
PRC [Member]
|
|||
Schedule of Income Taxes [Line Items] | |||
Statutory income tax rate | 25.00% | 25.00% | 25.00% |
Permanent differences | (1.70%) | (1.50%) | (5.80%) |
Change in valuation allowance | 0.40% | 1.10% | 1.00% |
Effect of preferential tax benefits | (11.50%) | (13.20%) | (6.10%) |
Uncertain tax positions | 1.30% | 1.40% | 2.40% |
Others | 0.00% | 0.10% | (0.10%) |
Effective income tax rate | 13.50% | 12.90% | 16.40% |
X | ||||||||||
- Details
|
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 nondeductible expenses. 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 other adjustments. 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
|
Income Taxes (Combined effects of income tax expense exemption and reduction) (Details)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
|
Income Taxes [Abstract] | ||||
Preferential tax rate effect | $ 6,633 | 41,157 | 38,534 | 6,281 |
Basic net income per share effect | $ 0.01 | 0.07 | 0.06 | 0.01 |
X | ||||||||||
- Details
|
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 (Tax effects of temporary differences, give rise to deferred tax assets and liabilities) (Details)
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
USD ($)
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2011
CNY
|
---|---|---|---|---|---|---|
Deferred tax assets - current: | ||||||
Provision of allowance for doubtful accounts | $ 812,000 | 5,038,000 | 4,361,000 | |||
Accrued payroll and expense | 3,147,000 | 19,527,000 | 18,418,000 | |||
Total current deferred tax assets | 3,959,000 | 24,565,000 | 22,779,000 | |||
Deferred tax assets - non-current: | ||||||
Net operating loss carryforward | 1,145,000 | 7,101,000 | 5,569,000 | |||
Less: valuation allowance | (1,145,000) | (7,101,000) | (898,000) | (5,569,000) | (1,743,000) | (750,000) |
Total non-current deferred tax assets, net | 0 | 0 | 0 | |||
Deferred tax liabilities - non-current: | ||||||
Equity investments acquired in disposition of subsidiaries | 211,000 | 1,312,000 | 0 | |||
Net operating loss carryforward | 3,900,000 | 24,400,000 | ||||
Net operating tax loss carryforward, expire in 2016 | 1,000,000 | |||||
Net operating tax loss carryforward, expire in 2017 | 5,900,000 | |||||
Net operating tax loss carryforward, expire in 2018 | 4,900,000 | |||||
Net operating tax loss carryforward, expire in 2019 | 12,600,000 |
X | ||||||||||
- Details
|
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 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 | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of noncurrent deferred tax asset attributable to deductible temporary differences and carryforwards. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
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 deferred tax assets for which it is more likely than not that a tax benefit will not be realized expected to be realized or consumed after one year (or the normal operating cycle, if longer). 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
|
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, unless otherwise specified |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
|
Income Taxes [Abstract] | ||||
Balance as of January 1 | $ 898 | 5,569 | 1,743 | 750 |
Current year addition | 247 | 1,532 | 3,826 | 993 |
Balance as of December 31 | $ 1,145 | 7,101 | 5,569 | 1,743 |
X | ||||||||||
- Definition
The amount of addition in the movement of the valuation allowance during current period. No definition available.
|
X | ||||||||||
- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Income Taxes (Reconciliation of liabilities associated with uncertain tax benefits) (Details)
In Thousands, unless otherwise specified |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
|
Income Taxes [Abstract] | ||||
Balance as of January 1 | $ 1,971 | 12,231 | 7,996 | 5,504 |
Increase related to current year tax positions | 747 | 4,636 | 4,235 | 2,492 |
Balance as of December 31 | $ 2,718 | 16,867 | 12,231 | 7,996 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns. 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) (USD $)
|
12 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
|
Nov. 22, 2007
Ordinary Shares [Member]
|
May 31, 2008
Ordinary Shares [Member]
|
May 17, 2011
Ordinary Shares [Member]
|
May 17, 2011
ADS [Member]
|
Dec. 31, 2014
Class A ordinary shares [Member]
|
Dec. 31, 2013
Class A ordinary shares [Member]
|
May 17, 2011
Class A ordinary shares [Member]
|
Dec. 31, 2014
Class B ordinary shares [Member]
|
Dec. 31, 2013
Class B ordinary shares [Member]
|
May 17, 2011
Class B ordinary shares [Member]
|
May 17, 2011
Class B ordinary shares [Member]
Phoenix TV [Member]
|
May 17, 2011
Series A Preferred Shares [Member]
|
|
Class of Stock [Line Items] | |||||||||||||
Shares, issued | 1 | 319,999,999 | 13,415,125 | ||||||||||
Ordinary shares, par value | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | |||||||
Ordinary shares, authorized | 1,000,000,000 | 680,000,000 | 680,000,000 | 680,000,000 | 320,000,000 | 320,000,000 | 320,000,000 | ||||||
Number of shares automatically converted to ordinary shares | 130,000,000 | ||||||||||||
Shares offered by preferred share shareholders | 1,267,500 | ||||||||||||
Conversion among ordinary shares | 2,674,640 | ||||||||||||
Ordinary shares, voting rights | Holders of Class A ordinary shares are entitled to one vote per share | Holders of Class B ordinary shares are entitled to 1.3 votes per share | |||||||||||
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. | ||||||||||||
Ordinary shares, shares issued and outstanding | 260,204,642 | 282,578,957 | 317,325,360 | 317,325,360 |
X | ||||||||||
- Definition
Number of Class B ordinary shares converted into Class A ordinary shares for Phoenix TV to distribute the Class A ordinary shares to its shareholders in the assured entitlement distribution. No definition available.
|
X | ||||||||||
- Definition
The amount of ADS which were offered by preferred share shareholders upon the completion of the Company's IPO. No definition available.
|
X | ||||||||||
- Details
|
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
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
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 | ||||||||||
- Definition
The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Share-based Compensation (Allocation of recognized period costs and expenses) (Details)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Cost of revenues [Member]
USD ($)
|
Dec. 31, 2014
Cost of revenues [Member]
CNY
|
Dec. 31, 2013
Cost of revenues [Member]
CNY
|
Dec. 31, 2012
Cost of revenues [Member]
CNY
|
Dec. 31, 2014
Sales and marketing expenses [Member]
USD ($)
|
Dec. 31, 2014
Sales and marketing expenses [Member]
CNY
|
Dec. 31, 2013
Sales and marketing expenses [Member]
CNY
|
Dec. 31, 2012
Sales and marketing expenses [Member]
CNY
|
Dec. 31, 2014
General and administrative expenses [Member]
USD ($)
|
Dec. 31, 2014
General and administrative expenses [Member]
CNY
|
Dec. 31, 2013
General and administrative expenses [Member]
CNY
|
Dec. 31, 2012
General and administrative expenses [Member]
CNY
|
Dec. 31, 2014
Technology and product development expenses [Member]
USD ($)
|
Dec. 31, 2014
Technology and product development expenses [Member]
CNY
|
Dec. 31, 2013
Technology and product development expenses [Member]
CNY
|
Dec. 31, 2012
Technology and product development expenses [Member]
CNY
|
|
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||||||||||||||||||||
Share-based compensation recognized in costs and expenses | $ 8,571 | 53,181 | 16,723 | 6,759 | $ 2,626 | 16,295 | 7,293 | 958 | $ 1,644 | 10,200 | 3,922 | 1,423 | $ 3,373 | 20,927 | 3,662 | 4,085 | $ 928 | 5,759 | 1,846 | 293 |
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 | ||||||||||
- Details
|
Share-based Compensation (Share Options, June 2008 Scheme) (Details)
|
12 Months Ended |
---|---|
Dec. 31, 2014
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Maximum percentage of ordinary shares in issue upon exercise of all outstanding options granted and yet to be exercised | 30.00% |
Share Option Scheme, June 2008 Scheme [Member]
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Maximum percentage of ordinary shares in issue on effective date of option scheme ("Limit") | 10.00% |
Maximum percentage of ordinary shares in issue on effective date of limit as refreshed ("Refreshed Limit") | 10.00% |
Maximum number of additional options authorized to grant | 31,410,107 |
Share options, expiration period (in years) | 10 years |
Award vesting period (in years) | 4 years |
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
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
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 | ||||||||||
- Definition
Number of additional shares authorized for issuance under an established share-based compensation plan. No definition available.
|
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.
|
Share-based Compensation (Share Option Activities) (Details) (USD $)
In Millions, except Share data, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
years
|
Dec. 31, 2013
years
|
Dec. 31, 2012
years
|
|
Number of Options | |||
Number of Options, Outstanding, Beginning Balance | 39,770,121 | 13,997,069 | 19,341,696 |
Number of Options, Granted | 21,052,758 | 30,732,900 | 0 |
Number of Options, Forfeited and expired | (4,013,850) | (1,408,938) | (456,870) |
Number of Options, Exercised | (6,542,022) | (3,550,910) | (4,887,757) |
Number of Options, Outstanding, Ending Balance | 50,267,007 | 39,770,121 | 13,997,069 |
Number of Options, Exercisable | 13,382,374 | ||
Number of Options, Vested and expected to vest | 43,222,033 | ||
Weighted Average Exercise Price | |||
Weighted Average Exercise Price, Outstanding, Beginning Balance (US$ per share) | $ 0.44 | $ 0.03 | $ 0.03 |
Weighted Average Exercise Price, Granted (US$ per share) | $ 1.30 | $ 0.58 | $ 0.00 |
Weighted Average Exercise Price, Forfeited and expired (US$ per share) | $ 0.91 | $ 0.44 | $ 0.03 |
Weighted Average Exercise Price, Exercised (US$ per share) | $ 0.23 | $ 0.03 | $ 0.03 |
Weighted Average Exercise Price, Outstanding, Ending Balance (US$ per share) | $ 0.79 | $ 0.44 | $ 0.03 |
Weighted Average Exercise Price, Exercisable (US$ per share) | $ 0.30 | ||
Weighted Average Exercise Price, Vested and expected to vest (US$ per share) | $ 0.76 | ||
Weighted Average Remaining Contractual Life | |||
Weighted Average Remaining Contractual Life, Outstanding, Beginning Balance (in years) | 8.1 | 5.4 | 6.4 |
Weighted Average Remaining Contractual Life, Outstanding, Ending Balance (in years) | 8.2 | 8.1 | 5.4 |
Weighted Average Remaining Contractual Life, Exercisable (in years) | 5.8 | ||
Weighted Average Remaining Contractual Life, Vested and expected to vest (in years) | 8.0 | ||
Aggregate Intrinsic Value | |||
Aggregate Intrinsic Value, Outstanding, Beginning Balance (US$ in million) | $ 30.2 | $ 5.9 | $ 13.0 |
Aggregate Intrinsic Value, Exercised (US$ in million) | 7.1 | 3.6 | 3.1 |
Aggregate Intrinsic Value, Outstanding, Ending Balance (US$ in million) | 17.6 | 30.2 | 5.9 |
Aggregate Intrinsic Value, Exercisable (US$ in million) | 10.0 | ||
Aggregate Intrinsic Value, Vested and expected to vest (US$ in million) | $ 16.2 |
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
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
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
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 of difference between fair value of the underlying shares reserved for issuance and exercise price of fully vested and expected to vest options that are exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of exercisable share options (fully vested and expected to vest) that may be converted as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
As of the balance sheet date, the weighted-average exercise price (at which grantees can acquire the shares reserved for issuance) for exercisable stock options that are fully vested or expected to vest. 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
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)
|
12 Months Ended | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Share Options [Member]
USD ($)
|
Dec. 31, 2014
Share Options [Member]
CNY
|
Dec. 31, 2013
Share Options [Member]
USD ($)
|
Dec. 31, 2013
Share Options [Member]
CNY
|
Dec. 31, 2012
Share Options [Member]
CNY
|
Dec. 31, 2014
Share Options [Member]
Former employees [Member]
USD ($)
|
Dec. 31, 2014
Share Options [Member]
Former employees [Member]
CNY
|
Dec. 31, 2013
Share Options [Member]
Former employees [Member]
|
Dec. 31, 2014
ADS [Member]
USD ($)
|
Dec. 31, 2014
Ordinary Shares [Member]
USD ($)
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Closing stock price (US$ per share) | $ 8.31 | $ 1.04 | ||||||||||||
Weighted-average grant date fair values of options granted (US$ per share) | $ 0.67 | $ 0.50 | ||||||||||||
Cash received from former employees' exercise of options | $ 200,000 | 1,500,000 | ||||||||||||
Shares issued to former employees after IPO (number of shares) | 4,913,390 | 4,913,390 | ||||||||||||
Contingently issuable shares to be issued upon former employees' request (number of shares) | 1,799,001 | 1,799,001 | 2,263,518 | |||||||||||
Recognized share-based compensation | 8,571,000 | 53,181,000 | 16,723,000 | 6,759,000 | 8,500,000 | 53,000,000 | 16,800,000 | (100,000) | ||||||
Unrecognized share-based compensation for options | $ 12,100,000 | 75,200,000 | ||||||||||||
Period for recognition | 2 years 10 months 24 days | 2 years 10 months 24 days |
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. No definition available.
|
X | ||||||||||
- Details
|
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
|
Share-based Compensation (Share Option Assumptions) (Details)
|
12 Months Ended | |
---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Expected dividend yield (as a percent) | 0.00% | 0.00% |
Expected term (years) | 6 years 1 month 28 days | |
Minimum [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Expected volatility rate (as a percent) | 56.10% | 57.60% |
Expected term (years) | 5 years 9 months 22 days | |
Risk-free interest rate (per annum) (as a percent) | 1.43% | 1.54% |
Maximum [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Expected volatility rate (as a percent) | 57.50% | 58.42% |
Expected term (years) | 6 years 1 month 28 days | |
Risk-free interest rate (per annum) (as a percent) | 1.88% | 1.88% |
X | ||||||||||
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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 | ||||||||||
- 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 | ||||||||||
- Details
|
Share-based Compensation (Restricted Share Units) (Details)
|
12 Months Ended | 0 Months Ended | 12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Mar. 17, 2011
Restricted Share Units (RSUs) [Member]
|
Dec. 31, 2014
Restricted Share Units (RSUs) [Member]
USD ($)
|
Dec. 31, 2014
Restricted Share Units (RSUs) [Member]
CNY
|
Dec. 31, 2013
Restricted Share Units (RSUs) [Member]
USD ($)
|
Dec. 31, 2013
Restricted Share Units (RSUs) [Member]
CNY
|
Dec. 31, 2012
Restricted Share Units (RSUs) [Member]
USD ($)
|
Dec. 31, 2012
Restricted Share Units (RSUs) [Member]
CNY
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Award vesting period (in years) | 4 years | 4 years | |||||||||
Number of Units | |||||||||||
Number of Shares, Unvested, Beginning Balance | 425,579 | 425,579 | 1,687,178 | 1,687,178 | 4,256,608 | 4,256,608 | |||||
Number of Units, Granted | 10,050,958 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Number of Units, Vested | (386,763) | (386,763) | (1,156,282) | (1,156,282) | (1,966,987) | (1,966,987) | |||||
Number of Units, Forfeited | (6,316) | (6,316) | (105,317) | (105,317) | (602,443) | (602,443) | |||||
Number of Shares, Unvested, Ending Balance | 32,500 | 32,500 | 425,579 | 425,579 | 1,687,178 | 1,687,178 | |||||
Weighted-Average Grant-Date Fair Value | |||||||||||
Weighted-Average Grant-Date Fair Value, Unvested, Beginning Balance (US$ per share) | $ 1.07 | $ 1.07 | $ 1.07 | ||||||||
Weighted-Average Grant-Date Fair Value, Granted (US$ per share) | $ 0.00 | $ 0.00 | $ 0.00 | ||||||||
Weighted-Average Grant-Date Fair Value, Vested (US$ per share) | $ 1.07 | $ 1.07 | $ 1.07 | ||||||||
Weighted-Average Grant-Date Fair Value, Forfeited (US$ per share) | $ 1.07 | $ 1.07 | $ 1.07 | ||||||||
Weighted-Average Grant-Date Fair Value, Unvested, Ending Balance (US$ per share) | $ 1.07 | $ 1.07 | $ 1.07 | ||||||||
Recognized share-based compensation | $ 8,571,000 | 53,181,000 | 16,723,000 | 6,759,000 | $ 50,000 | 300,000 | 1,300,000 | 3,100,000 | |||
Unrecognized share-based compensation | 200 | 1,200 | |||||||||
Unrecognized share-based compensation, weighted average period for recognition (in years) | 0 years 2 months 12 days | 0 years 2 months 12 days | |||||||||
Total fair value of restricted share units vested | $ 400,000 | $ 1,200,000 | $ 2,100,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
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
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
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 equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. 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
The weighted average fair value at grant date for nonvested equity-based awards issued 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
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
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 Shares) (Details)
|
0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 15, 2011
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Mar. 17, 2011
Ordinary Shares [Member]
USD ($)
|
Mar. 17, 2011
Restricted Shares [Member]
USD ($)
employees
|
Dec. 31, 2014
Restricted Shares [Member]
USD ($)
|
Dec. 31, 2014
Restricted Shares [Member]
CNY
|
Dec. 31, 2013
Restricted Shares [Member]
USD ($)
|
Dec. 31, 2013
Restricted Shares [Member]
CNY
|
Dec. 31, 2012
Restricted Shares [Member]
USD ($)
|
Dec. 31, 2012
Restricted Shares [Member]
CNY
|
Mar. 17, 2011
Restricted Shares and Restricted Share Units [Member]
USD ($)
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Number of stock options cancelled | 18,778,200 | |||||||||||||
Restricted shares, number of employees granted | 22 | |||||||||||||
Award vesting period (in years) | 4 years | 4 years | ||||||||||||
Incremental share-based compensation | $ 500,000 | |||||||||||||
Total amount of unrecognized share-based compensation of unvested option and incremental share-based compensation | 2,200,000 | |||||||||||||
Total amount of unrecognized share-based compensation of unvested option and incremental share-based compensation, recognized immediately | 200,000 | |||||||||||||
Total amount of unrecognized share-based compensation of unvested option and incremental share-based compensation, recognized during rest of vesting period of restricted share | 2,000,000 | |||||||||||||
Number of Shares | ||||||||||||||
Number of Shares, Unvested, Beginning Balance | 845,000 | 845,000 | 4,759,780 | 4,759,780 | 9,711,830 | 9,711,830 | ||||||||
Number of Shares, Granted | 19,008,200 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
Number of Shares, Vested | (676,250) | (676,250) | (2,864,780) | (2,864,780) | (4,702,050) | (4,702,050) | ||||||||
Number of Shares, Forfeited | (168,750) | (168,750) | (1,050,000) | (1,050,000) | (250,000) | (250,000) | ||||||||
Number of Shares, Unvested, Ending Balance | 0 | 0 | 845,000 | 845,000 | 4,759,780 | 4,759,780 | ||||||||
Weighted-Average Grant-Date Fair Value | ||||||||||||||
Weighted-Average Grant-Date Fair Value, Unvested, Beginning Balance (US$ per share) | $ 1.07 | $ 1.07 | $ 1.07 | |||||||||||
Weighted-Average Grant-Date Fair Value, Granted (US$ per share) | $ 0.00 | $ 0.00 | $ 0.00 | |||||||||||
Weighted-Average Grant-Date Fair Value, Vested (US$ per share) | $ 1.07 | $ 1.07 | $ 1.07 | |||||||||||
Weighted-Average Grant-Date Fair Value, Forfeited (US$ per share) | $ 1.07 | $ 1.07 | $ 1.07 | |||||||||||
Weighted-Average Grant-Date Fair Value, Unvested, Ending Balance (US$ per share) | $ 0.00 | $ 1.07 | $ 1.07 | |||||||||||
Recognized share-based compensation | 8,571,000 | 53,181,000 | 16,723,000 | 6,759,000 | (20,000) | (100,000) | (1,300,000) | 3,700,000 | ||||||
Unrecognized share-based compensation | 0 | |||||||||||||
Total fair value of restricted share vested | $ 700,000 | $ 3,100,000 | $ 5,100,000 | |||||||||||
Fair value of restricted shares and restricted share units (US$ per share) | $ 1.07 | |||||||||||||
Fair value of underlying ordinary shares (US$ per share) | $ 1.14 |
X | ||||||||||
- Definition
The fair value of the underlying ordinary shares. No definition available.
|
X | ||||||||||
- Definition
The fair value of restricted shares and restricted share units. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Gross number of share options (or share units) cancelled to grant restricted share during the period. No definition available.
|
X | ||||||||||
- Definition
The total amount of unrecognized share based compensation of unvested option and incremental share based compensation. No definition available.
|
X | ||||||||||
- Definition
The total amount of unrecognized share based compensation of unvested option and incremental share based compensation, recognized during rest of vesting period of restricted share. No definition available.
|
X | ||||||||||
- Definition
The total amount of unrecognized share based compensation of unvested option and incremental share based compensation, recognized immediately. 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
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 equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. 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
The weighted average fair value at grant date for nonvested equity-based awards issued 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
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
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
|
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
The number of employees affected by the modification of an equity-based compensation plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Segments (Details)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Net advertising services [Member]
USD ($)
|
Dec. 31, 2014
Net advertising services [Member]
CNY
|
Dec. 31, 2013
Net advertising services [Member]
CNY
|
Dec. 31, 2012
Net advertising services [Member]
CNY
|
Dec. 31, 2014
Paid services [Member]
USD ($)
|
Dec. 31, 2014
Paid services [Member]
CNY
|
Dec. 31, 2013
Paid services [Member]
CNY
|
Dec. 31, 2012
Paid services [Member]
CNY
|
|||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||
Revenues | $ 263,975 | [1] | 1,637,860 | [1] | 1,424,475 | [1] | 1,111,004 | [1] | $ 191,819 | 1,190,158 | 863,737 | 610,160 | $ 72,156 | 447,702 | 560,738 | 500,844 | ||
Cost of revenues | (125,976) | [1] | (781,632) | [1] | (696,355) | [1] | (631,299) | [1] | (84,220) | (522,553) | (379,868) | (313,141) | (41,756) | (259,079) | (316,487) | (318,158) | ||
Gross profit | $ 137,999 | 856,228 | 728,120 | 479,705 | $ 107,599 | 667,605 | 483,869 | 297,019 | $ 30,400 | 188,623 | 244,251 | 182,686 | ||||||
|
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
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
|
Deconsolidation (Details)
|
12 Months Ended | 1 Months Ended | ||||
---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Tianbo [Member]
USD ($)
|
Dec. 31, 2014
Tianbo [Member]
CNY
|
|
Schedule of Deconsolidation [Line Items] | ||||||
Percentage of equity interest before deconsolidation | 51.00% | 51.00% | ||||
Portion of equity interests sold in previously consolidated subsidiary | 1.00% | 1.00% | ||||
Percentage of retained equity interests in previously consolidated subsidiary | 50.00% | 50.00% | ||||
Gain on deconsolidation of previously consolidated subsidiary | $ 4,780,000 | 29,660,000 | 0 | 0 | $ 1,000,000 | 6,200,000 |
Cash consideration of deconsolidation of previously consolidated subsidiary | 200,000 | |||||
Fair value of retained equity interest in previously consolidated subsidiary on the date the subsidiary was deconsolidated | 2,100,000 | 13,100,000 | ||||
Carrying amount of noncontrolling interest in the former subsidiary | 2,900,000 | |||||
Carrying amount of former subsidiary's net assets | 10,000,000 |
X | ||||||||||
- Definition
Carrying amount of former subsidiary's net assets No definition available.
|
X | ||||||||||
- Definition
Carrying amount of noncontrolling interest in the former subsidiary. No definition available.
|
X | ||||||||||
- Definition
Fair value of retained equity interest in previously consolidated subsidiary on the date the subsidiary was deconsolidated. No definition available.
|
X | ||||||||||
- Definition
Percentage of equity interest before deconsolidation. No definition available.
|
X | ||||||||||
- Definition
Portion of equity interests sold in previously consolidated subsidiary which resulted in loss of control. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of the gain (loss) recognized by the parent and included in its attributable portion of net income for the period due to deconsolidation of a subsidiary or derecognition of a group of assets. The gain (loss) recognized and included in the net income attributable to the parent for the period is generally computed as the difference between: (a) the aggregate of: (1) the fair value of any consideration received; (2) the fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary was deconsolidated; and (3) the carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary was deconsolidated and (b) the carrying amount of the former subsidiary's assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
The cash inflow associated with the deconsolidation of a previously consolidated subsidiary or the sale of investment in consolidated subsidiaries (generally greater than 50 percent). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Fair Value Measurements (Details)
In Thousands, unless otherwise specified |
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2014
Quote Prices in Active Market for Identical Assets (Level 1) [Member]
CNY
|
Dec. 31, 2013
Quote Prices in Active Market for Identical Assets (Level 1) [Member]
CNY
|
Dec. 31, 2014
Significant Other Observable Inputs (Level 2) [Member]
CNY
|
Dec. 31, 2013
Significant Other Observable Inputs (Level 2) [Member]
CNY
|
Dec. 31, 2014
Significant Unobservable Inputs (Level 3) [Member]
CNY
|
Dec. 31, 2013
Significant Unobservable Inputs (Level 3) [Member]
CNY
|
---|---|---|---|---|---|---|---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||
Cash equivalents | 648,473 | 648,473 | 0 | 0 | |||||
Term deposits and short term investments | 40,000 | 556,672 | 0 | 0 | 40,000 | 556,672 | 0 | 0 | |
Restricted cash | 10,000 | 10,000 | 0 | 0 | |||||
Available-for-sale investment | $ 12,425 | 77,093 | 0 | 0 | 0 | 77,093 |
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 | ||||||||||
- Definition
Fair value portion 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Net Income per Share (Details)
In Thousands, except Share data, unless otherwise specified |
12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Class A and Class B ordinary share [Member]
USD ($)
|
Dec. 31, 2014
Class A and Class B ordinary share [Member]
CNY
|
Dec. 31, 2013
Class A and Class B ordinary share [Member]
CNY
|
Dec. 31, 2012
Class A and Class B ordinary share [Member]
CNY
|
Dec. 31, 2014
ADS (1 ADS represents 8 Class A ordinary shares) [Member]
USD ($)
|
Dec. 31, 2014
ADS (1 ADS represents 8 Class A ordinary shares) [Member]
CNY
|
Dec. 31, 2013
ADS (1 ADS represents 8 Class A ordinary shares) [Member]
CNY
|
Dec. 31, 2012
ADS (1 ADS represents 8 Class A ordinary shares) [Member]
CNY
|
|
Numerator: | ||||||||||||
Net income attributable to Phoenix New Media Limited | $ 42,402 | 263,091 | 279,554 | 107,359 | ||||||||
Denominator: | ||||||||||||
Weighted average number of shares outstanding | 595,521,893 | 595,521,893 | 602,991,298 | 619,849,313 | ||||||||
Weighted average number of contingently issuable shares | 2,094,730 | 2,094,730 | 2,997,099 | 4,160,957 | ||||||||
Denominator used in computing net income per share - basic | 597,616,623 | 597,616,623 | 605,988,397 | 624,010,270 | 74,702,078 | 74,702,078 | 75,748,550 | 78,001,284 | ||||
Net income per share - basic | $ 0.07 | 0.44 | 0.46 | 0.17 | $ 0.57 | 3.52 | 3.69 | 1.38 | ||||
Numerator: | ||||||||||||
Net income attributable to Phoenix New Media Limited | $ 42,402 | 263,091 | 279,554 | 107,359 | ||||||||
Denominator: | ||||||||||||
Denominator used in computing net income per share - basic | 597,616,623 | 597,616,623 | 605,988,397 | 624,010,270 | 74,702,078 | 74,702,078 | 75,748,550 | 78,001,284 | ||||
Share-based awards | 17,003,487 | 17,003,487 | 16,432,062 | 19,737,876 | ||||||||
Denominator used in computing net income per share - diluted | 614,620,110 | 614,620,110 | 622,420,459 | 643,748,146 | 76,827,514 | 76,827,514 | 77,802,557 | 80,468,518 | ||||
Net income per share - diluted | $ 0.07 | 0.43 | 0.45 | 0.17 | $ 0.55 | 3.42 | 3.59 | 1.33 |
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
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
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 | ||||||||||
- Details
|
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
|
Net Income per Share (Narrative) (Details) (Options to purchase ordinary shares [Member])
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Options to purchase ordinary shares [Member]
|
|||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Anti-dilutive securities excluded from computation of diluted net income per share (number of shares) | 27,823,275 | 7,371,269 | 0 |
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)
In Millions, except Share data, unless otherwise specified |
0 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Jul. 30, 2012
Share Repurchase Program [Member]
ADS [Member]
USD ($)
|
Dec. 31, 2013
Share Repurchase Program [Member]
ADS [Member]
USD ($)
|
Dec. 31, 2013
Share Repurchase Program [Member]
ADS [Member]
CNY
|
Dec. 31, 2012
Share Repurchase Program [Member]
ADS [Member]
USD ($)
|
Dec. 31, 2012
Share Repurchase Program [Member]
ADS [Member]
CNY
|
May 31, 2014
New Share Repurchases Program [Member]
ADS [Member]
USD ($)
|
Dec. 31, 2014
New Share Repurchases Program [Member]
ADS [Member]
USD ($)
|
Dec. 31, 2014
New Share Repurchases Program [Member]
ADS [Member]
CNY
|
Dec. 31, 2014
New Share Repurchases Program [Member]
Ordinary Shares [Member]
|
|
Equity, Class of Treasury Stock [Line Items] | |||||||||||
Share repurchase program, authorized amount | $ 20.0 | $ 50.0 | |||||||||
Share repurchase program, period in force | 12 months | 12 months | |||||||||
Share repurchase program, shares, repurchased during period | 2,524,574 | 2,524,574 | 2,273,695 | 2,273,695 | 4,021,073 | 4,021,073 | 32,168,584 | ||||
Share repurchase program, consideration, repurchased during period | 11.7 | 72.6 | 8.3 | 52.5 | 39.2 | 241.3 | |||||
Aggregate shares repurchased, number of shares | 4,798,269 | 4,798,269 | |||||||||
Shares repurchased, consideration | 20.0 | 125.1 | |||||||||
Cancellation of repurchased ordinary shares, number of shares | 30,128,928 | 30,128,928 | |||||||||
Aggregate consideration of cancellation of repurchased shares | 20.2 | 126.6 | 37.3 | 229.1 | |||||||
Cancellation fees | $ 0.2 | 1.5 | $ 0.2 | 1.2 | |||||||
Treasury stock, shares | 2,039,656 | 0 |
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
The cost of common and preferred stock that were repurchased. No definition available.
|
X | ||||||||||
- Definition
Amount of cancellation fees in treasury stock cancellation. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Number of shares related to Restricted Stock Award forfeited during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares that have been repurchased and retired during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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 | ||||||||||
- 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
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Commitments and Contingencies (Commitments) (Details) (CNY)
In Thousands, unless otherwise specified |
Dec. 31, 2014
|
|||
---|---|---|---|---|
Unrecorded Unconditional Purchase Obligation [Line Items] | ||||
2015 | 91,520 | |||
2016 | 44,720 | |||
2017 | 17,525 | |||
2018 | 100 | |||
2019 and thereafter | 75 | |||
Total | 153,940 | |||
Rental [Member]
|
||||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||||
2015 | 38,377 | |||
2016 | 37,798 | |||
2017 | 16,175 | |||
2018 | 0 | |||
2019 and thereafter | 0 | |||
Total | 92,350 | |||
Bandwidth Purchases [Member]
|
||||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||||
2015 | 31,658 | |||
2016 | 2,110 | |||
2017 | 1,055 | |||
2018 | 0 | |||
2019 and thereafter | 0 | |||
Total | 34,823 | |||
Cooperation with Phoenix TV Group [Member]
|
||||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||||
2015 | 4,883 | [1] | ||
2016 | 1,526 | [1] | ||
2017 | 0 | [1] | ||
2018 | 0 | [1] | ||
2019 and thereafter | 0 | [1] | ||
Total | 6,409 | [1] | ||
Content Purchases [Member]
|
||||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||||
2015 | 9,226 | |||
2016 | 2,673 | |||
2017 | 275 | |||
2018 | 100 | |||
2019 and thereafter | 75 | |||
Total | 12,349 | |||
Property and Equipment, and Intangible Assets [Member]
|
||||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||||
2015 | 3,449 | |||
2016 | 0 | |||
2017 | 0 | |||
2018 | 0 | |||
2019 and thereafter | 0 | |||
Total | 3,449 | |||
Others [Member]
|
||||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||||
2015 | 3,927 | |||
2016 | 613 | |||
2017 | 20 | |||
2018 | 0 | |||
2019 and thereafter | 0 | |||
Total | 4,560 | |||
|
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 | ||||||||||
- Details
|
Commitments and Contingencies (Narrative) (Details)
|
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Phoenix TV [Member]
|
Dec. 31, 2010
Phoenix TV [Member]
CNY
|
|
Unrecorded Unconditional Purchase Obligation [Line Items] | ||||||
Percentage of revenue generated from certain contents provided by Phoenix TV Group, group will pay (as a percent) | 50.00% | |||||
Fixed amount of payment to cover other services provided by Phoenix TV Group, group will pay for the first year | 1,600,000 | |||||
Percentage of annual growth on fixed amount of payment, group will pay | 25.00% | |||||
Rental expenses | 6,400,000 | 39,800,000 | 37,800,000 | 32,300,000 | ||
Uncertain tax positions | $ 2,718,000 | 16,867,000 | 12,231,000 |
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
The percentage of annual growth on fixed amount of payment, which group will pay. 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
The noncurrent portion of the amount recognized for uncertain tax positions as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
|
X | ||||||||||
- Details
|
Related Party Transactions (Details)
|
12 Months Ended |
---|---|
Dec. 31, 2014
|
|
Entities within the non US listed part of Phoenix TV Group [Member]
|
|
Related Party Transaction [Line Items] | |
Relationships with Group | Under common control by Phoenix TV |
CMCC [Member]
|
|
Related Party Transaction [Line Items] | |
Relationships with Group | A shareholder of Phoenix TV |
Beijing Phoenix Lilita Information Technology Co., Ltd ("Lilita") [Member]
|
|
Related Party Transaction [Line Items] | |
Relationships with Group | Related party of Phoenix TV Group |
Beijing Fenghuang Tianbo Network Technology Co., Ltd [Member]
|
|
Related Party Transaction [Line Items] | |
Relationships with Group | Equity method investee |
Phoenix FM Limited [Member]
|
|
Related Party Transaction [Line Items] | |
Relationships with Group | Equity method investee |
Shenzhenshi Fenghuang Jingcai Network Technology Co., Ltd [Member]
|
|
Related Party Transaction [Line Items] | |
Relationships with Group | Equity method investee |
Particle Inc. [Member]
|
|
Related Party Transaction [Line Items] | |
Relationships with Group | Equity method investee |
Mr. Gao Ximin and Mr. Qiao Haiyan [Member]
|
|
Related Party Transaction [Line Items] | |
Relationships with Group | Legal shareholders of Tianying Jiuzhou, employees of the Group |
Mr. He Yansheng [Member]
|
|
Related Party Transaction [Line Items] | |
Relationships with Group | Legal shareholder of Yifeng Lianhe, employee of the Group |
Mr. Wu Haipeng and Mr. He Yansheng [Member]
|
|
Related Party Transaction [Line Items] | |
Relationships with Group | Legal shareholders of Chenhuan, employees of the Group |
Ms. Shang Xiaowei and Ms. Shi Xueyi [Member]
|
|
Related Party Transaction [Line Items] | |
Relationships with Group | Legal shareholders of Huanyou Tianxia, employees of the Group |
Mr. Chen Ming and Mr. Zou Ming [Member]
|
|
Related Party Transaction [Line Items] | |
Relationships with Group | Legal shareholders of You Jiuzhou, employees of the Group |
X | ||||||||||
- Definition
The description of the major related parties' relationship with group. No definition available.
|
X | ||||||||||
- Details
|
Related Party Transactions (Transactions with Non US Listed Part of Phoenix TV Group and CMCC) (Details)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
Phoenix TV Group [Member]
USD ($)
|
Dec. 31, 2014
Phoenix TV Group [Member]
CNY
|
Dec. 31, 2013
Phoenix TV Group [Member]
CNY
|
Dec. 31, 2012
Phoenix TV Group [Member]
CNY
|
Dec. 31, 2014
Phoenix TV Group and its customers [Member]
USD ($)
|
Dec. 31, 2014
Phoenix TV Group and its customers [Member]
CNY
|
Dec. 31, 2013
Phoenix TV Group and its customers [Member]
CNY
|
Dec. 31, 2012
Phoenix TV Group and its customers [Member]
CNY
|
Dec. 31, 2014
CMCC [Member]
USD ($)
|
Dec. 31, 2014
CMCC [Member]
CNY
|
Dec. 31, 2013
CMCC [Member]
CNY
|
Dec. 31, 2012
CMCC [Member]
CNY
|
|
Related Party Transaction [Line Items] | ||||||||||||||||
Contents provided by related party | $ (606) | (3,757) | (3,477) | (3,153) | ||||||||||||
Data line services provided by related party | (59) | (363) | (392) | (375) | ||||||||||||
Advertising and promotion expenses charged by related party | (201) | (1,246) | (1,040) | (916) | (201) | (1,246) | (1,040) | (916) | ||||||||
Corporate administrative expenses charged by related party | (57) | (354) | (404) | (646) | (57) | (354) | (404) | (646) | ||||||||
Advertising revenues earned from related party | 8,956 | 55,565 | 45,127 | 35,438 | 4,056 | 25,168 | 28,911 | 29,754 | 4,778 | 29,643 | 16,216 | 5,684 | ||||
Paid service revenues earned from and through related party | 46,999 | 291,610 | 413,407 | 429,125 | 46,861 | 290,755 | 413,407 | 429,125 | ||||||||
Revenue sharing fees and bandwidth costs to related party | $ (6,731) | (41,766) | (72,622) | (63,953) |
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
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 | ||||||||||
- Details
|
Related Party Transactions (Transactions with Equity Method Investees) (Details)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2012
CNY
|
Dec. 31, 2014
FM [Member]
USD ($)
|
Dec. 31, 2014
FM [Member]
CNY
|
Dec. 31, 2013
FM [Member]
CNY
|
Dec. 31, 2012
FM [Member]
CNY
|
Dec. 31, 2014
Tianbo [Member]
USD ($)
|
Dec. 31, 2014
Tianbo [Member]
CNY
|
Dec. 31, 2013
Tianbo [Member]
CNY
|
Dec. 31, 2012
Tianbo [Member]
CNY
|
Dec. 31, 2014
Lilita [Member]
USD ($)
|
Dec. 31, 2014
Lilita [Member]
CNY
|
Dec. 31, 2013
Lilita [Member]
CNY
|
Dec. 31, 2012
Lilita [Member]
CNY
|
|
Related Party Transaction [Line Items] | ||||||||||||||||
Financial support provided to related party | $ 642 | 3,982 | 0 | 0 | ||||||||||||
Advertising revenues earned from related party | 8,956 | 55,565 | 45,127 | 35,438 | 68 | 421 | 0 | 0 | 54 | 333 | 0 | 0 | ||||
Brand license authorization revenues earned from related party | 46,999 | 291,610 | 413,407 | 429,125 | 138 | 855 | 0 | 0 | ||||||||
Advertising resources provided by related party | $ (5) | (31) | 0 | 0 |
X | ||||||||||
- Definition
Advertising Resources Provided by Related Party No definition available.
|
X | ||||||||||
- Definition
Financial Support Provided to Related Party 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 | ||||||||||
- Details
|
Related Party Transactions (Amounts Due from and Due to Related Parties) (Details)
In Thousands, unless otherwise specified |
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
Dec. 31, 2014
CMCC [Member]
USD ($)
|
Dec. 31, 2014
CMCC [Member]
CNY
|
Dec. 31, 2013
CMCC [Member]
CNY
|
Dec. 31, 2014
Phoenix TV Group [Member]
USD ($)
|
Dec. 31, 2014
Phoenix TV Group [Member]
CNY
|
Dec. 31, 2013
Phoenix TV Group [Member]
CNY
|
Dec. 31, 2014
Equity method investees [Member]
USD ($)
|
Dec. 31, 2014
Equity method investees [Member]
CNY
|
Dec. 31, 2013
Equity method investees [Member]
CNY
|
Dec. 31, 2014
Others [Member]
USD ($)
|
Dec. 31, 2014
Others [Member]
CNY
|
Dec. 31, 2013
Others [Member]
CNY
|
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Amounts due from related parties: | |||||||||||||||
Accounts receivable from related party | $ 11,971 | 74,273 | 73,113 | ||||||||||||
Due from related party | 12,457 | 77,293 | 52,042 | ||||||||||||
Due from equity method investees | 3,783 | 23,469 | 0 | ||||||||||||
Others | 191 | 1,189 | 3 | ||||||||||||
Total | 28,402 | 176,224 | 125,158 | ||||||||||||
Amounts due to related parties: | |||||||||||||||
Due to related party | $ 3,625 | 22,489 | 21,034 | $ 91 | 563 | 248 | $ 3,534 | 21,926 | 20,786 |
X | ||||||||||
- Definition
Amounts due from equity method investees No definition available.
|
X | ||||||||||
- Definition
Amounts due from related parties, others No definition available.
|
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
Amounts due within 1 year (or 1 business cycle) from other related parties which are not otherwise stated in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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 | ||||||||||
- 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 | ||||||||||
- Details
|
Restricted Net Assets (Narrative) (Details) (Group's subsidiaries, VIEs and subsidiaries of VIE incorporated in PRC [Member])
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2014
CNY
|
Dec. 31, 2013
CNY
|
|
Schedule of Restricted Net Assets [Line Items] | |||
Portion of after-tax profit to be allocated to general reserve 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% | |
Restricted Net Assets | $ 58.9 | 365.6 | 205.8 |
Whether restricted net assets exceed 25% of consolidated net assets of the Company | No | No |
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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
Whether restricted net assets exceed 25% of consolidated net assets of the Company 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
|
Subsequent Events (Narrative) (Details)
In Millions, unless otherwise specified |
0 Months Ended | 0 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
Particle Inc. [Member]
|
Apr. 29, 2015
Subsequent Event [Member]
Particle Inc. [Member]
|
Apr. 29, 2015
Subsequent Event [Member]
Particle Inc. [Member]
Series C preferred share [Member]
USD ($)
|
Apr. 29, 2015
Subsequent Event [Member]
Particle Inc. [Member]
Ordinary share and Class A ordinary share [Member]
USD ($)
|
Jan. 14, 2015
Subsequent Event [Member]
Shanghai Miaoqiu Network Culture Co., Ltd. ("Miaoqiu") [Member]
CNY
|
Jan. 29, 2015
Subsequent Event [Member]
Beijing Phoenix Lilita Information Technology Co Ltd [Member]
CNY
|
Feb. 13, 2015
Subsequent Event [Member]
Hangzhou Qike Technology Co., Ltd. [Member]
CNY
|
Apr. 01, 2015
Subsequent Event [Member]
Lifeix Inc. [Member]
USD ($)
|
|
Subsequent Event [Line Items] | ||||||||
Percentage of equity interest acquired | 21.98% | 14.41% | 5.00% | 0.30% | ||||
Aggregate purchase price | $ 30.0 | $ 27.6 | 0.5 | $ 1.0 | ||||
Percentage of equity interests owned by the Company on an as-if converted basis | 18.42% | 49.02% | ||||||
Financial support provided to subsidiary or VIE | 34.0 | |||||||
Contributed capital | 4.5 | |||||||
Equity interests owned by the Company | 45.00% |
X | ||||||||||
- Definition
Aggregate purchase price to acquire equity interests of investee. No definition available.
|
X | ||||||||||
- Definition
Amount of capital contribution injected by shareholders. No definition available.
|
X | ||||||||||
- Definition
Financial support provided to subsidiary or VIE. No definition available.
|
X | ||||||||||
- Definition
Percentage of equity interests entities acquired. 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
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 | ||||||||||
- Details
|