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Related party transactions | 12 Months Ended
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Dec. 31, 2016
Related party transactions |
Related party transactions | 26. Related party transactions The table below sets forth the major related parties and their relationships with the Group as of December 31, 2016:
Name of related parties |  | Relationship with the Group
Tencent and its subsidiaries (“Tencent Group”) |  | A shareholder of the Group
Shanghai Icson and its subsidiaries (“Shanghai Icson Group”) |  | An investee of the Group and has been fully acquired since April 2016
Staging Finance Holding Ltd. and its subsidiaries (“Staging Finance Group”) |  | An investee of the Group
China Business Infinite Co., Ltd. and its subsidiaries (“Business Infinite Group”) |  | An investee of the Group
Bitauto and its subsidiaries (“Bitauto Group”) |  | An investee of the Group
Tuniu and its subsidiaries (“Tuniu Group”) |  | An investee of the Group
Dada and its subsidiaries (“Dada Group”) |  | An investee of the Group
(a)The Group entered into the following transactions with the major related parties:
|  | For the year ended December 31, |
Transactions |  | 2014 |  | 2015 |  | 2016 |
|  | RMB |  | RMB |  | RMB |
Revenues: |  |  |  |  |  |  |
Provision of fulfillment services and sales of goods to Staging Finance Group |  | — |  | 1,016,286 |  | 667,495 |
Provision of fulfillment services and sales of goods to Business Infinite Group |  | — |  | 112,541 |  | 27,549 |
Commission service revenue from cooperation on advertising business with Tencent Group |  | 95,287 |  | 139,602 |  | 184,241 |
Online marketplace services provided to Tencent Group |  | 272 |  | 111 |  | 52 |
Provision of fulfillment services and sales of goods to Shanghai Icson Group |  | 164,811 |  | 6 |  | — |
Provision of fulfillment services and sales of goods to Dada Group |  | — |  | — |  | 124,092 |
Traffic support, marketing and promotion services provided to Bitauto Group |  | — |  | 445,526 |  | 610,722 |
Traffic support, marketing and promotion services provided to Tuniu Group |  | — |  | 49,200 |  | 132,405 |
Traffic support, marketing and promotion services provided to Dada Group |  | — |  | — |  | 41,409 |
Operating expenses: |  |  |  |  |  |  |
Services and purchases from Shanghai Icson Group |  | 103,976 |  | 168,875 |  | 20,871 |
Services and purchases from Tencent Group |  | 88,076 |  | 195,805 |  | 244,644 |
Services from Dada Group |  | — |  | — |  | 136,515 |
Other income: |  |  |  |  |  |  |
Income from non-compete agreement with Dada Group |  | — |  | — |  | 53,186 |
Revenues from related parties, excluding those from the major related parties as stated above, represented approximately nil, 0.01% and 0.01% of total net revenues of the Group for the years ended December 31, 2014, 2015, and 2016, respectively. Transactions with related parties included in operating expenses, excluding those with the major related parties as stated above, represented 0.01%, 0.02%, and 0.03% of total operating expenses of the Group for the years ended December 31, 2014, 2015, and 2016, respectively. (b) The Group had the following balances with the major related parties:
|  | As of December 31, |
|  | 2015 |  | 2016 |
|  | RMB |  | RMB |
Due from Tencent Group |  | 520,094 |  | 962,002 |
Due from Shanghai Icson Group |  | 105,176 |  | — |
Due from Staging Finance Group |  | 183,260 |  | 95,021 |
Due from Dada Group |  | — |  | 88,971 |
Total |  | 808,530 |  | 1,145,994 |
Due to Tencent Group |  | (77,893 | ) | (85,092 | )
Due to Business Infinite Group |  | (6,209 | ) | (8,554 | )
Due to Tuniu Group |  | (721 | ) | (12,311 | )
Due to Bitauto Group |  | (311 | ) | — |
Total |  | (85,134 | ) | (105,957 | )
Deferred revenues in relation to traffic support, marketing and promotion services to be provided to Bitauto Group |  | (2,599,742 | ) | (1,989,020 | )
Deferred revenues in relation to traffic support, marketing and promotion services to be provided to Tuniu Group |  | (611,015 | ) | (478,610 | )
Deferred revenues in relation to traffic support, marketing and promotion services to be provided to Dada Group |  | — |  | (393,549 | )
Total |  | (3,210,757 | ) | (2,861,179 | )
Other liabilities in relation to non-compete obligation to Dada Group |  | — |  | (523,296 | )
Total |  | — |  | (523,296 | )
As of December 31, 2015 and 2016, the Group recorded amount due from related parties other than the major related parties as stated above of RMB54,986 and RMB264,056, which represented approximately 0.50% and 1.34% of the Group’s total accounts receivable, net and prepayments and other current assets, respectively. As of December 31, 2015 and 2016, the Group recorded amount due to related parties other than the major related parties and deferred revenues in relation to traffic support, marketing and promotion services to be provided to related parties other than the major related parties as stated above of RMB79,064 and RMB147,224, which represented approximately 0.19% and 0.19% of the Group’s total accounts payable, accrued expenses and other current liabilities, deferred revenues and other non-current liabilities, respectively. The Group believes that the terms of the agreements with the related parties are comparable to the terms in arm’s-length transactions with third-party customers and vendors.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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