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Parent company only condensed financial information | 12 Months Ended
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Dec. 31, 2016
Parent company only condensed financial information |
Parent company only condensed financial information | 33. Parent company only condensed financial information The Company performed a test on the restricted net assets of consolidated subsidiaries, VIEs and VIEs’ subsidiaries in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), “General Notes to Financial Statements” and concluded that it was applicable for the Company to disclose the financial information for the parent company only. The subsidiaries did not pay any dividend to the Company for the years presented. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. The footnote disclosures contain supplemental information relating to the operations of the Company, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Company. The Company did not have significant capital and other commitments, or guarantees as of December 31, 2016. Condensed Balance Sheets
|  | As of December 31, |
|  | 2015 |  | 2016 |
|  | RMB |  | RMB |  | US$ |
|  |  |  |  |  | Note 2(h) |
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents |  | 8,942,549 |  | 6,116,574 |  | 880,970 |
Prepayments and other current assets |  | 11,349 |  | 38,160 |  | 5,496 |
Total current assets |  | 8,953,898 |  | 6,154,734 |  | 886,466 |
Non-current assets: |  |  |  |  |  |  |
Investments in subsidiaries, VIEs and VIEs’ subsidiaries |  | 16,523,355 |  | 30,006,536 |  | 4,321,840 |
Investment securities |  | 103,363 |  | 38,226 |  | 5,506 |
Intangible assets, net |  | 5,056,644 |  | 4,615,708 |  | 664,800 |
Total non-current assets |  | 21,683,362 |  | 34,660,470 |  | 4,992,146 |
Total assets |  | 30,637,260 |  | 40,815,204 |  | 5,878,612 |
LIABILITIES |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accrued expenses and other liabilities |  | 54,227 |  | 91,292 |  | 13,150 |
Total current liabilities |  | 54,227 |  | 91,292 |  | 13,150 |
Non-current liabilities: |  |  |  |  |  |  |
Unsecured senior notes |  | — |  | 6,831,012 |  | 983,870 |
Total non-current liabilities |  | — |  | 6,831,012 |  | 983,870 |
Total liabilities |  | 54,227 |  | 6,922,304 |  | 997,020 |
SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |
Ordinary shares (US$0.00002 par value; 100,000,000,000 shares authorized; 2,313,578,195 Class A ordinary shares issued and 2,287,701,055 outstanding, 480,178,455 Class B ordinary shares issued and 454,289,431 outstanding as of December 31, 2015; 2,467,134,904 Class A ordinary shares issued and 2,384,954,010 outstanding, 471,573,995 Class B ordinary shares issued and 451,490,387 outstanding as of December 31, 2016) |  | 358 |  | 377 |  | 54 |
Additional paid-in capital |  | 48,393,126 |  | 59,258,417 |  | 8,534,987 |
Statutory reserves |  | 55,560 |  | 132,938 |  | 19,147 |
Treasury stock |  | (3 | ) | (5,181,880 | ) | (746,346 | )
Accumulated deficit |  | (18,420,834 | ) | (21,860,345 | ) | (3,148,545 | )
Accumulated other comprehensive income |  | 554,826 |  | 1,543,393 |  | 222,295 |
Total shareholders’ equity |  | 30,583,033 |  | 33,892,900 |  | 4,881,592 |
Total liabilities and shareholders’ equity |  | 30,637,260 |  | 40,815,204 |  | 5,878,612 |
Condensed Statements of Operations and Comprehensive Loss
|  | For the year ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |
|  | RMB |  | RMB |  | RMB |  | US$ |
|  |  |  |  |  |  |  | Note 2(h) |
Operating expenses |  |  |  |  |  |  |  |  |
Marketing |  | (915,455 | ) | (1,221,580 | ) | (1,218,760 | ) | (175,538 | )
General and administrative |  | (3,834,699 | ) | (445,095 | ) | (577,350 | ) | (83,156 | )
Loss from operations |  | (4,750,154 | ) | (1,666,675 | ) | (1,796,110 | ) | (258,694 | )
Equity in loss of subsidiaries, VIEs and VIEs’ subsidiaries |  | (449,816 | ) | (7,520,216 | ) | (1,948,761 | ) | (280,678 | )
Interest income |  | 183,294 |  | 143,757 |  | 55,373 |  | 7,975 |
Interest expense |  | — |  | — |  | (164,910 | ) | (23,752 | )
Others, net |  | 20,318 |  | (64,806 | ) | 47,618 |  | 6,858 |
Net loss |  | (4,996,358 | ) | (9,107,940 | ) | (3,806,790 | ) | (548,291 | )
Preferred shares redemption value accretion |  | (7,957,640 | ) | — |  | — |  | — |
Net loss attributable to ordinary shareholders |  | (12,953,998 | ) | (9,107,940 | ) | (3,806,790 | ) | (548,291 | )
Net loss |  | (4,996,358 | ) | (9,107,940 | ) | (3,806,790 | ) | (548,291 | )
Other comprehensive loss: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments |  | (121,612 | ) | 953,573 |  | 943,616 |  | 135,909 |
Net change in unrealized gains/(losses) on available-for-sale securities: |  |  |  |  |  |  |  |  |
Unrealized gains/(losses), nil of tax |  | 71,286 |  | (238,852 | ) | (78,792 | ) | (11,349 | )
Reclassification adjustment for (gains)/losses recorded in net income, nil of tax |  | (57,181 | ) | 216,230 |  | 123,743 |  | 17,823 |
Net unrealized gains/(losses) on available-for-sale securities |  | 14,105 |  | (22,622 | ) | 44,951 |  | 6,474 |
Total other comprehensive income/(loss) |  | (107,507 | ) | 930,951 |  | 988,567 |  | 142,383 |
Total comprehensive loss |  | (5,103,865 | ) | (8,176,989 | ) | (2,818,223 | ) | (405,908 | )
Condensed Statements of Cash Flows
|  | For the year ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |
|  | RMB |  | RMB |  | RMB |  | US$ |
|  |  |  |  |  |  |  | Note 2(h) |
Net cash provided by/(used in) operating activities |  | 101,150 |  | 169,018 |  | (33,756 | ) | (4,861 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of short-term investments |  | (6,119,000 | ) | — |  | — |  | — |
Maturity of short-term investments |  | — |  | 6,367,600 |  | — |  | — |
Purchases of investment securities |  | — |  | (92,090 | ) | — |  | — |
Cash received from disposal of investment securities |  | — |  | — |  | 16,440 |  | 2,368 |
Prepayments and investments in subsidiaries, VIEs and VIEs’ subsidiaries |  | (4,264,147 | ) | (5,695,660 | ) | (3,733,972 | ) | (537,804 | )
Cash received from business combination, net of cash acquired |  | 1,313,753 |  | — |  | — |  | — |
Net cash provided by/(used in) investing activities |  | (9,069,394 | ) | 579,850 |  | (3,717,532 | ) | (535,436 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from issuance of ordinary shares, net |  | 17,447,653 |  | — |  | — |  | — |
Repurchase of ordinary shares |  | — |  | — |  | (5,338,274 | ) | (768,871 | )
Purchase of capped call options |  | — |  | — |  | (2,007,100 | ) | (289,083 | )
Proceeds from settlement of capped call options |  | — |  | — |  | 1,463,218 |  | 210,747 |
Proceeds from issuance of ordinary shares pursuant to stock plans |  | — |  | 75,713 |  | 82,396 |  | 11,867 |
Proceeds from unsecured senior notes, net of discount and debt issuance costs |  | — |  | — |  | 6,355,969 |  | 915,450 |
Net cash provided by financing activities |  | 17,447,653 |  | 75,713 |  | 556,209 |  | 80,110 |
Effect of exchange rate changes on cash and cash equivalents |  | (363,082 | ) | (10,834 | ) | 369,104 |  | 53,162 |
Net increase/(decrease) in cash and cash equivalents |  | 8,116,327 |  | 813,747 |  | (2,825,975 | ) | (407,025 | )
Cash and cash equivalents at beginning of year |  | 12,475 |  | 8,128,802 |  | 8,942,549 |  | 1,287,995 |
Cash and cash equivalents at end of year |  | 8,128,802 |  | 8,942,549 |  | 6,116,574 |  | 880,970 |
Basis of presentation The Company’s accounting policies are the same as the Group’s accounting policies with the exception of the accounting for the investments in subsidiaries, VIEs and VIEs’ subsidiaries. For the Company only condensed financial information, the Company records its investments in subsidiaries, VIEs and VIEs’ subsidiaries under the equity method of accounting as prescribed in ASC 323, Investments-Equity Method and Joint Ventures. Such investments are presented in the Condensed Balance Sheets as “Investment in subsidiaries, VIEs and VIEs’ subsidiaries” and shares in the subsidiaries, VIEs and VIEs’ subsidiaries’ loss are presented as “Equity in loss of subsidiaries, VIEs and VIEs’ subsidiaries” in the Condensed Statements of Operations and Comprehensive Loss. The parent company only condensed financial information should be read in conjunction with the Group’ consolidated financial statements.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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