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Convertible Preferred Shares (Tables)
12 Months Ended
Dec. 31, 2014
Convertible Preferred Shares  
Schedule of Preferred shares

 

 

 

Series A and A-1 Preferred
Shares

 

Series B Preferred Shares

 

Series C
Preferred Shares

 

 

 

Number of
shares

 

Amount

 

Number of
shares

 

Amount

 

Number of
shares

 

Amount

 

 

 

 

 

RMB

 

 

 

RMB

 

 

 

RMB

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2011

 

191,894,000

 

255,850

 

84,786,405

 

126,417

 

258,316,305

 

3,150,443

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred shares redemption value accretion

 

 

 

 

 

 

1,587,454

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2012

 

191,894,000

 

255,850

 

84,786,405

 

126,417

 

258,316,305

 

4,737,897

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred shares redemption value accretion

 

 

 

 

 

 

2,435,366

 

Conversion of Series B Preferred Shares to ordinary shares

 

 

 

(25,247,161

)

(38,176

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2013

 

191,894,000

 

255,850

 

59,539,244

 

88,241

 

258,316,305

 

7,173,263

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred shares redemption value accretion

 

 

 

 

 

 

7,957,640

 

Conversion of Series A and A-1 Preferred Shares to Class A ordinary shares

 

(191,894,000

)

(255,850

)

 

 

 

 

 

 

 

 

Conversion of Series B Preferred Shares to Class A ordinary shares

 

 

 

 

 

(59,539,244

)

(88,241

)

 

 

 

 

Conversion of Series C Preferred Shares to Class A ordinary shares

 

 

 

 

 

(258,316,305

)

(15,130,903

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2014

 

 

 

 

 

 

 

 

Schedule of Company's Preferred shares activities

 

Series

 

Issuance Date

 

Shares
Issued

 

Issue Price
per Share

 

Proceeds
from
Issuance

 

Shares
Outstanding

 

Carrying Amount

 

 

 

 

 

 

 

US$

 

US$

 

 

 

RMB

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A

 

March 27, 2007

 

155,000,000 

 

0.0323 

 

5,000 

 

155,000,000 

 

215,626 

 

A-1

 

August 15, 2007

 

130,940,000 

 

0.0382 

 

5,000 

 

36,894,000 

 

40,224 

 

B

 

January 12, 2009

 

235,310,000 

 

0.0892 

 

21,000 

 

59,539,244 

 

88,241 

 

C

 

September 21, 2010

 

178,238,250 

 

0.7742 

 

138,000 

 

258,316,305 

*

15,130,903 

 

*Among total shares outstanding, 64,579,075 shares and 15,498,980 shares were re-designated from Series A-1 and Series B preferred shares in conjunction with the issuance of the Series C Preferred Shares