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Related party transactions (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of the major related parties and their relationships with the Group

The table below sets forth the major related parties and their relationships with the Group as of December 31, 2019:


Name of related parties		Relationship with the Group
Tencent and its subsidiaries (“Tencent Group”)		A shareholder of the Group
Lexin and its subsidiaries (“Lexin 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
JD Digits		An entity and its subsidiaries controlled by the Founder
Yixin and its subsidiaries (“Yixin Group”)		An investee of the Group
Core Fund		An investee of the Group
AiHuiShou and its subsidiaries (“AiHuiShou Group”)		An investee of the Group

(*)	As the Group was no longer the major vendor of Lexin Group and the Group had no significant influence on it, Lexin Group was not recognized as the Group’s related party in the years of 2018 and 2019.

Schedule of the major related party transactions

(a) The Group entered into the following transactions with the major related parties:


Transactions	For the year ended December 31,
	2017		2018		2019
	RMB		RMB		RMB
Revenues:
Services provided and products sold to Lexin Group		543,304		—		—
Commission from cooperation on advertising business with Tencent Group (**)		260,572		345,186		287,926
Services provided and products sold to Tencent Group(**)		31,505		276,728		398,700
Services provided and products sold to Dada Group		100,360		122,326		132,585
Services provided and products sold to AiHuiShou Group		—		8,781		349,257
Traffic support, marketing and promotion services provided to Bitauto Group		609,055		608,844		606,593
Traffic support, marketing and promotion services provided to Tuniu Group		132,042		132,008		131,621
Services provided and products sold to JD Digits		271,813		449,093		342,270
Operating expenses:
Services received and purchases from Tencent Group(**)		674,727		1,175,849		2,222,196
Services received from Dada Group		694,207		938,627		1,565,470
Payment processing and other services received from JD Digits		2,936,416		3,930,847		4,980,748
Lease and property management services received from Core Fund		—		—		476,001
Services received from AiHuiShou Group		—		—		10,467
Other income:
Income from non-compete agreement with Dada Group		80,447		78,771		82,123
Interest income from loans provided to JD Digits		871,014		179,556		40,632
Interest income from loans provided to Core Fund		—		—		75,496

(**)

In March 2014, the Group entered into a series of agreements with Tencent and its affiliates pursuant to which the Group acquired 100% interests in Tencent’s Paipai and QQ Wanggou online marketplace businesses, a 9.9% stake in Shanghai Icson, logistics personnel and certain other assets. The Group also entered into a five-year strategic cooperation agreement and an eight-year

non-compete

agreement with Tencent. In April 2016, the Group acquired the remaining equity interest in Shanghai Icson by exercising the rights previously granted to the Group in March 2014.

Schedule of the major related party balances

(b) The Group had the following balances with the major related parties:


	As of December 31,
	2017			2018			2019
	RMB			RMB			RMB
Due from Tencent Group		595,105			862,781			1,128,102
Due from JD Digits
Loans provided to JD Digits (***)		11,747,066			4,427,907			365,089
Other receivables from/(payables to) JD Digits		328,969			(525,669	)		1,363,479
Due from Core Fund
Loans provided to Core Fund (***)		—			—			579,118
Other receivables from Core Fund		—			—			569,832
Due from AiHuiShou Group		—			2,025			—

Total		12,671,140			4,767,044			4,005,620


Due to Lexin Group		(1,367	)		—			—
Due to Tuniu Group		(5,451	)		(585	)		(2,133	)
Due to Dada Group		(7,378	)		(118,135	)		(208,123	)
Due to AiHuiShou Group		—			—			(17,504	)

Total		(14,196	)		(118,720	)		(227,760	)


Deferred revenues in relation to traffic support, marketing and promotion services to be provided to Bitauto Group		(1,379,965	)		(771,121	)		(164,528	)
Deferred revenues in relation to traffic support, marketing and promotion services to be provided to Tuniu Group		(346,568	)		(214,560	)		(82,939	)
Deferred revenues in relation to traffic support, marketing and promotion services to be provided to Dada Group		(331,354	)		(269,225	)		(207,096	)
Deferred revenues in relation to traffic support, marketing and promotion services to be provided to AiHuiShou Group		—			—			(1,899,099	)

Total		(2,057,887	)		(1,254,906	)		(2,353,662	)


Other liabilities in relation to non-compete obligation to Dada Group		(415,082	)		(354,236	)		(276,976	)

Total		(415,082	)		(354,236	)		(276,976	)

(***)

In relation to the loans provided to JD Digits and Core Fund, the Group charged JD Digits and Core Fund based on fair market interest rate, and cash flows resulted from the loans were presented within investing activities in the consolidated statements of cash flows.