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Business Combination (Tables)
12 Months Ended
Dec. 31, 2014
Chinabank Payment and Chinabank Payment Technology  
Business combination  
Schedule of allocation of the purchase price

 

 

 

Amount

 

Amortization Years

 

 

 

RMB

 

 

 

Tangible assets acquired and liabilities assumed

 

 

 

 

 

Cash

 

5,781

 

 

 

Accounts payable

 

(53,936

)

 

 

Advance from customers

 

(6,552

)

 

 

Others

 

(3,442

)

 

 

Identifiable intangible assets:

 

 

 

 

 

Online payment and other licenses

 

189,000

 

15

 

Identifiable net assets acquired (a)

 

130,851

 

 

 

Cash consideration (b)

 

145,500

 

 

 

Goodwill (b-a)

 

14,649

 

 

 

 

Transaction with Tencent  
Business combination  
Schedule of allocation of the purchase price

 

 

 

Amount

 

 

 

RMB

 

Fair value of the Company’s shares issued *

 

11,644,310 

 

Transaction costs**

 

20,705 

 

Total value to be allocated in purchase accounting

 

11,665,015 

 

 

 

 

Amount

 

Amortization
Years

 

 

 

RMB

 

 

 

Strategic Cooperation Agreement

 

6,075,289

 

5

 

Non-compete Agreement

 

1,442,389

 

8

 

Combined Platform Business

 

 

 

 

 

Cash

 

60,284

 

 

 

Other current assets

 

3,587

 

 

 

Property, plant and equipment, net

 

17,647

 

 

 

Current liabilities

 

(63,871

)

 

 

Technology

 

108,800

 

5

 

Domain names and trademark

 

33,100

 

10

 

Advertising customer relationship

 

80,400

 

7

 

Goodwill

 

2,593,420

 

 

 

Deferred tax liability

 

(41,893

)

 

 

Investment in Shanghai Icson

 

252,779

 

 

 

Call Option

 

 

 

 

Logistic workforce

 

13,900

 

3

 

Land use right

 

73,632

 

40

 

Net cash acquired

 

1,015,552

 

 

 

Total Purchase price

 

11,665,015