Assets and liabilities measured or disclosed at fair value are summarized below:


			Fair value measurement or disclosure at December 31, 2012 using
	Total fair value at December 31, 2012		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total losses
	RMB		RMB		RMB		RMB		RMB
	(In thousands)
*Fair value disclosure (Notes 2 and 4)*
Cash equivalents
Time deposits		3,034,443				3,034,443
Money market fund		4,854,278		4,854,278

Short-term investments
Held-to-maturity investments
Fixed-rate investments		17,086,252				17,086,252
Long-term investments
Fixed-rate held-to-maturity investments		514,614				514,614
Long-term notes payable		9,420,285		9,420,285

*Fair value measurement*
Recurring
Short-term investments
Available-for-sale investments
Fixed-rate debt investments		3,514,399				3,514,399
Adjustable-rate debt investments		17,073				17,073
Non-recurring
Long-term investments		—						—		(169,180	)

Total assets measured at fair value		3,531,472		—		3,531,472		—		(169,180	)


					Fair value measurement or disclosure at December 31, 2013 using
	Total fair value at December 31, 2013				Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total losses

	RMB		US$		RMB		RMB		RMB		RMB			US$
	(In thousands)
*Fair value disclosure* *(Notes 2 and 4)*
Cash equivalents
Time deposits		2,955,924		488,284				2,955,924
Money market fund		689,254		113,857		689,254
Short-term investments
Held-to-maturity investments
Fixed-rate investments		19,370,067		3,199,707				19,370,067
Long-term notes payable		14,797,937		2,444,445		14,797,937

Fair value measurement
Recurring
Short-term investments
Available-for-sale investments
Fixed-rate debt investments		7,627,958		1,260,049				7,627,958
Adjustable-rate debt investments		514,433		84,978				514,433
Equity investment		1,253,120		207,001		1,253,120
Non-recurring
Long-term investments		—		—						—		(17,521	)		(2,894	)
Fixed assets		—		—						—		(2,057	)		(340	)
Intangible assets		—		—						—		(4,619	)		(763	)

Total assets measured at fair value		9,395,511		1,552,028		1,253,120		8,142,391		—		(24,197	)		(3,997	)