XML 60 R42.htm IDEA: XBRL DOCUMENT v3.19.1
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2018
Related Party Transactions  
Schedule of relationship with related parties

 

Names of related parties

    

Relationship with the Group

Toshare Group Holding Limited

 

Company controlled by the Founder

Suzhou Lebei Network Technology Co., Ltd

 

Company controlled by one of the directors of the Company*

Jiaxing Suda Electronic Commerce Co., Ltd

 

Company controlled by the Founder

Hangzhou Tuguan Technology Co., Ltd

 

Company controlled by the Founder

Hangzhou LeGu Investment Consulting Co., Ltd

 

Company controlled by the Founder

Tencent and its affiliates (“Tencent Group”)

 

A shareholder of the Company


*Suzhou Lebei Network Technology Co., Ltd was no longer a related party of the Company beginning June 2018.

Schedule of significant related party transactions

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 

 

    

2016

 

2017

    

2018

    

2018

 

 

RMB

 

RMB

 

RMB

 

US$

Services received from:

 

 

 

 

 

 

 

 

Hangzhou Tuguan Technology Co., Ltd

 

102,995

 

 

 —

 

 —

Tencent Group

 

54,286

 

516,014

 

1,266,362

 

184,185

Jiaxing Suda Electronic Commerce Co., Ltd

 

14,035

 

 

 —

 

 —

Toshare Group Holding Limited

 

7,824

 

 —

 

 —

 

 —

Suzhou Lebei Network Technology Co., Ltd

 

4,127

 

2,444

 

 —

 

 —

 

 

 

 

 

 

 

 

 

Merchandise sold through:

 

 

 

  

 

 

 

 

Suzhou Lebei Internet Technology Co., Ltd

 

137,399

 

 —

 

 —

 

 —

 

Schedule of related party balances

 

 

 

 

 

 

 

 

 

 

As of December 31, 

 

 

2017

 

2018

 

2018

 

    

RMB

    

RMB

    

US$

Accounts due from related parties:

 

  

 

  

 

  

Current:

 

  

 

  

 

  

Tencent Group*

 

442,669

 

1,018,963

 

148,202

Suzhou Lebei Network Technology Co., Ltd

 

221

 

 —

 

 —

 

 

 

 

 

 

 

Loan to a related party:

 

  

 

  

 

  

Non-current:

 

  

 

  

 

  

Hangzhou LeGu Investment Consulting Co., Ltd

 

162,363

 

 —

 

 —

 

 

 

 

 

 

 

Accounts due to related parties:

 

  

 

  

 

  

Current:

 

  

 

  

 

  

Toshare Group Holding Limited

 

19,009

 

19,966

 

2,904

Suzhou Lebei Network Technology Co., Ltd

 

1,016

 

 —

 

 —

Tencent Group

 

56,032

 

458,147

 

66,635


* The balance represents receivables due from the online payment platform operated by Tencent Group.