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Re-designation of Series B Preferred Shares
12 Months Ended
Dec. 31, 2014
Re-designation of Series B Preferred Shares  
Re-designation of Series B Preferred Shares

 

20.Re-designation of Series B Preferred Shares

 

25,247,161 Series B Preferred Shares were transferred to new investors and re-designated into ordinary shares in December 2013. The transaction would be viewed as if the holders of the Series B Preferred Shares exercised their option to convert Series B Preferred Shares into ordinary shares, and then subsequently transferred the newly converted ordinary shares to the new investors. Accordingly, the carrying amounts of the Series B Preferred Shares were reduced, offset by increases in the ordinary shares and additional paid-in capital which equaled to RMB34,108, with total translation adjustment gains amounted to RMB4,065.