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Related party transactions (Tables)
12 Months Ended
Dec. 31, 2014
Related party transactions  
Schedule of major related parties and their relationships with the Group

 

The table below sets forth the major related parties and their relationships with the Group as of December 31, 2014:

 

Name of related parties

 

Relationship with the Group

 

 

 

Tencent and its subsidiaries (“Tencent Group”)

 

Tencent is a shareholder of the Group

Shanghai Icson and its subsidiaries (“Shanghai Icson Group”)

 

An investee of the Group

Hangzhou Gubei Electronic Technology Co., Ltd. (“Hangzhou Gubei”)

 

An investee of the Group

PICOOC Technology Ltd. (“PICOOC”)

 

An investee of the Group

Jiangsu Suqian Network Co., Ltd.

 

Controlled by an individual related to the Founder

Beijing Haoyaoshi Medicine Co., Ltd.(“Haoyaoshi”)

 

An investee of the Group, and the Group disposed the equity investment in August 2013

 

Schedule of related party transactions

 

 

 

 

For the year ended December 31,

 

Transactions

 

2012

 

2013

 

2014

 

 

 

RMB

 

RMB

 

RMB

 

Revenues:

 

 

 

 

 

 

 

Service and sales of goods to Shanghai Icson Group

 

 

 

164,811 

 

Commission service revenue from cooperation on advertising business with Tencent Group

 

 

 

95,287 

 

Online marketplace service provided to Haoyaoshi*

 

8,391 

 

8,297 

 

 

Online marketplace services provided to Tencent Group

 

 

 

272 

 

Cost and expenses:

 

 

 

 

 

 

 

Service and purchases from Shanghai Icson Group

 

 

 

103,976 

 

Purchase of advertising resources from Tencent Group

 

 

 

88,076 

 

Purchase of goods from PICOOC

 

 

 

12,383 

 

Purchase of goods from Hangzhou Gubei

 

 

 

2,178 

 

Others:

 

 

 

 

 

 

 

Loan repayment from Jiangsu Suqian Network Co., Ltd.

 

1,500 

 

 

 

 

 

* Haoyaoshi is a merchant of the Company’s online marketplace. The Company provided related services to Haoyaoshi, and collected the payments from customers on behalf of Haoyaoshi.

 

Schedule of related party balances

 

 

 

As of December 31,

 

 

 

2013

 

2014

 

 

 

RMB

 

RMB

 

 

 

 

 

 

 

Due from Shanghai Icson Group

 

 

237,365

 

Due from Tencent Group

 

 

174,949

 

Total

 

 

412,314

 

 

 

 

 

 

 

Due to Tencent Group

 

 

(321,066

)

Due to PICOOC for purchase of goods

 

 

(3,254

)

Due to Hangzhou Gubei for purchase of goods

 

 

(799

)

Total

 

 

(325,119

)