Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2012

Assets Measured at Fair Value on Recurring Basis

Assets measured or disclosed at fair value are summarized below:


	Fair value measurements at December 31, 2011 using						Total fair value at December 31, 2011
	Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total fair value at December 31, 2011
	RMB		RMB		RMB		RMB
Cash equivalents:
Time deposits		2,419,726		—		—		2,419,726
Money market fund		192,324		—		—		192,324
Short-term investments:
Held-to-maturity securities
Fixed-rate investments		—		9,834,275		—		9,834,275
Adjustable-rate investments		—		100,027		—		100,027
Available-for-sale securities
Adjustable-rate investments		—		102,682		—		102,682

		2,612,050		10,036,984		—		12,649,034

As of December 31, 2011, certain cost and equity method investments, goodwill and intangible assets were measured using significant unobservable inputs (Level 3) and written down from their carrying value to fair value of nil, with impairment charges incurred and included in earnings.


	Fair value measurements at September 30, 2012 using
	Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total fair value at September 30, 2012
	RMB		RMB		RMB		RMB		US$
Cash equivalents:
Time deposits		538,892		—		—		538,892		85,745
Money market fund		141,929		—		—		141,929		22,583
Short-term investments:
Held-to-maturity securities
Fixed-rate investments		—		14,519,093		—		14,519,093		2,310,192
Adjustable-rate investments		—		871,872		—		871,872		138,727
Available-for-sale securities
Fixed-rate investments		—		250,040		—		250,040		39,785
Adjustable-rate investments		—		3,088,156		—		3,088,156		491,369
Long-term investments:
Fixed-rate held-to-maturity investments		—		506,930		—		506,930		80,660

		680,821		19,236,091		—		19,916,912		3,169,061

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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