Parent company only condensed financial information (Tables)

12 Months Ended

Dec. 31, 2014

Parent company only condensed financial information

	As of December 31,
	2013	2014
	RMB	RMB	US$
			Note 2(e)
ASSETS
Current assets:
Cash and cash equivalents	12,475	8,128,802	1,310,125
Short-term investments	—	6,119,000	986,204
Prepayments and other current assets	—	66,209	10,671
Amount due from related parties	—	170,592	27,494
Total current assets	12,475	14,484,603	2,334,494

Non-current assets:
Investments in subsidiaries and VIEs	9,237,302	16,563,755	2,669,593
Intangible assets, net	1,845	6,456,198	1,040,550
Total non-current assets	9,239,147	23,019,953	3,710,143
Total assets	9,251,622	37,504,556	6,044,637

LIABILITIES
Current liabilities:
Accrued expenses and other liabilities	11,794	6,489	1,045
Total liabilities	11,794	6,489	1,045

	As of December 31,
	2013		2014
	RMB		RMB		US$
					Note2(e)
MEZZANINE EQUITY
Series C convertible redeemable preferred share (US$0.00002 par value; 258,316,305 shares authorized, issued and outstanding as of December 31, 2013; Redemption value of RMB7,918,251 and Liquidation value of RMB1,219,380 as of December 31, 2013; None issued and outstanding as of December 31, 2014)	7,173,263		—		—

SHAREHOLDERS’ EQUITY:
Series A and A-1 convertible preferred shares (US$0.00002 par value; 221,360,925 shares authorized, 191,894,000 shares issued and outstanding as of December 31, 2013; None issued and outstanding as of December 31, 2014)	255,850		—		—
Series B convertible preferred shares (US$0.00002 par value; 84,786,405 shares authorized, 59,539,244 shares issued and outstanding as of December 31, 2013; None issued and outstanding as of December 31, 2014)	88,241		—		—
Ordinary shares (US$0.00002 par value, 2,435,536,365 shares authorized, 1,502,933,134 shares issued and 1,463,654,092 shares outstanding as of December 31, 2013; and 100,000,000,000 shares authorized, 2,237,460,751 Class A ordinary shares issued and 2,208,310,595 outstanding, 556,295,899 Class B ordinary shares issued and 523,407,762 Class B ordinary shares outstanding as of December 31, 2014)	199		358		58
Additional paid-in capital	6,251,869		47,131,172		7,596,166
Statutory reserves	2,648		15,009		2,419
Treasury stock	—		(4	)	(1	)
Accumulated deficit	(4,263,624	)	(9,272,343	)	(1,494,430	)
Accumulated other comprehensive loss	(268,618	)	(376,125	)	(60,620	)

Total shareholders’ equity	2,066,565		37,498,067		6,043,592
Total liabilities, mezzanine equity and shareholders’ equity	9,251,622		37,504,556		6,044,637

Condensed Statements of Operations and Comprehensive Loss

	For the year ended December 31,
	2012		2013		2014
	RMB		RMB		RMB		US$
Operating expenses
Marketing	—		—		(915,455	)	(147,545	)
General and administrative	(18,581	)	(4,065	)	(3,834,699	)	(618,041	)
Loss from operations	(18,581	)	(4,065	)	(4,750,154	)	(765,586	)
Equity in loss of subsidiaries and VIEs	(1,750,074	)	(164,843	)	(449,816	)	(72,497	)
Interest income, net	37,190		3,987		183,294		29,542
Others, net	1,992		115,022		20,318		3,275
Net loss	(1,729,473	)	(49,899	)	(4,996,358	)	(805,266	)
Preferred shares redemption value accretion	(1,587,454	)	(2,435,366	)	(7,957,640	)	(1,282,539	)
Net loss attributable to holders of permanent equity securities	(3,316,927	)	(2,485,265	)	(12,953,998	)	(2,087,805	)

Net loss	(1,729,473	)	(49,899	)	(4,996,358	)	(805,266	)
Other comprehensive loss:
Foreign currency translation adjustments	(7,546	)	(137,921	)	(121,612	)	(19,600	)
Net change in unrealized gains on available-for-sale securities:
Unrealized gains, nil of tax	—		96,501		71,286		11,489
Reclassification adjustment for gains included in interest income, nil of tax	—		(73,277	)	(57,181	)	(9,216	)
Net unrealized gains on available-for-sale securities	—		23,224		14,105		2,273
Total other comprehensive loss	(7,546	)	(114,697	)	(107,507	)	(17,327	)
Comprehensive loss	(1,737,019	)	(164,596	)	(5,103,865	)	(822,593	)

Condensed Statements of Cash Flow

	For the year ended December 31,
	2012		2013		2014
	RMB		RMB		RMB		US$

Net cash provided by/ (used in)operating activities	35,559		(1,209	)	101,150		16,302
Net cash used in investing activities	(3,574,993	)	(5,399,613	)	(9,069,394	)	(1,461,721	)
Net cash provided by financing activities	1,981,595		2,720,076		17,447,655		2,812,052
Effect of exchange rate changes on cash and cash equivalents	(6,445	)	(51,988	)	(363,084	)	(58,519	)
Net (decrease)/increase in cash and cash equivalents	(1,564,284	)	(2,732,734	)	8,116,327		1,308,114
Cash and cash equivalents at beginning of year	4,309,493		2,745,209		12,475		2,011
Cash and cash equivalents at end of year	2,745,209		12,475		8,128,802		1,310,125