Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

8. GOODWILL AND INTANGIBLE ASSETS

Goodwill


	Search Services			Transaction Services excluding Qunar		Qunar			iQiyi			Total
	RMB			RMB		RMB			RMB			RMB
	(In thousands)
Balance at December 31, 2012		125,275			—		2,293,007			1,459,282			3,877,564
Goodwill acquired		10,340,893			816,985		—			1,828,912			12,986,790
Foreign currency translation adjustment		(4	)		—		—			—			(4	)

Balance at December 31, 2013		10,466,164			816,985		2,293,007			3,288,194			16,864,350

Goodwill acquired		133,509			433,119		—			(12,087	)		554,541
Foreign currency translation adjustment		4			—		—			—			4

Balance at December 31, 2014		10,599,677			1,250,104		2,293,007			3,276,107			17,418,895

Goodwill acquired		222,987			46,692		—			—			269,679
Goodwill disposed in Ctrip transaction (Note 4)		—			—		(2,293,007	)		—			(2,293,007	)
Foreign currency translation adjustment		6			—		—			—			6

Balance at December 31, 2015		10,822,670			1,296,796		—			3,276,107			15,395,573

Balance at December 31, 2015, in US$		1,670,732			200,191		—			505,744			2,376,667

Intangible Assets

Finite-lived intangible assets


	As of December 31, 2014
	Gross carrying value		Accumulated amortization			Net carrying value
	RMB		RMB			RMB
	(In thousands)
Land use right		519,474		(37,357	)		482,117
Customer relationships		693,712		(304,208	)		389,504
Software		519,239		(274,818	)		244,421
Trademarks		916,735		(189,588	)		727,147
User list		854,467		(452,730	)		401,737
Licensed copyrights of video contents		1,768,141		(935,238	)		832,903
Others		695,562		(213,929	)		481,633

		5,967,330		(2,407,868	)		3,559,462


	As of December 31, 2015
	Gross carrying value		Accumulated amortization			Net carrying value		Net carrying value
	RMB		RMB			RMB		US$
	(In thousands)
Land use right		464,165		(44,428	)		419,737		64,796
Customer relationships		472,013		(364,310	)		107,703		16,626
Software		513,470		(352,099	)		161,371		24,911
Trademarks		613,032		(144,983	)		468,049		72,254
User list		699,872		(497,283	)		202,589		31,274
Licensed copyrights of video contents		3,039,164		(1,478,285	)		1,560,879		240,959
Others		776,522		(375,797	)		400,725		61,862

		6,578,238		(3,257,185	)		3,321,053		512,682

The Company recognized impairment loss on intangible assets of RMB4.62 million, RMB1.63 million and nil for the years ended December 31, 2013, 2014 and 2015, respectively. Amortization expense of intangible assets for the years ended December 31, 2013, 2014 and 2015 was RMB949.85 million, RMB1.59 billion and RMB2.97 billion (US$459.21 million), respectively. Estimated amortization expense relating to the existing intangible assets with finite lives for each of the next five years is as follows:


	RMB		US$
	(In thousands)
For the years ending December 31,
2016		1,270,794		196,177
2017		502,510		77,574
2018		297,853		45,981
2019		124,432		19,209
2020		95,543		14,749

Indefinite-lived intangible assets


	As of December 31,
	2014		2015		2015
	RMB		RMB		US$
	(In thousands)
Domain names		9,360		9,360		1,445
Trademarks		5,537		4,206		649

		14,897		13,566		2,094

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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