Redeemable Noncontrolling Interests

12 Months Ended

Dec. 31, 2015

Temporary Equity Disclosure [Abstract]

15. REDEEMABLE NONCONTROLLING INTERESTS


	2013			2014		2015
	RMB			RMB		RMB		US$
	(In thousands)
Balance as of January 1		1,033,283			—		1,894,502		292,461
Net losses		(61,857	)		—		—		—
Other comprehensive income (loss)		(55,420	)		—		142,071		21,932
Exercise of share-based awards		464			—		—		—
Share-based compensation		11,259			—		—		—
Issuance of subsidiary shares		51,368			1,841,819		1,582,126		244,237
Accretion of redeemable noncontrolling interests		31,799			52,683		329,180		50,817
Acquisition of subsidiaries’ redeemable shares from shareholders		(121,962	)		—		—		—
Reclassification of redeemable noncontrolling interests		(888,934	)		—		—		—

Balance as of December 31		—			1,894,502		3,947,879		609,447

On November 14, 2014, iQiyi completed a round of preferred shares financing. The new preferred shareholders acquired 13.42% of the then outstanding equity interest of iQiyi for a total consideration of US$300.00 million.

On October 1, 2015, Xiaodu Life Technology Ltd (“Xiaodu”), a wholly owned subsidiary of the Company primarily engaged in the business of takeout delivery services, issued 250,000,000 preferred shares at par value to certain shareholders for a total consideration of US$250.00 million. As the preferred shares could be redeemed by such shareholders upon the occurrence of certain events that are not solely within the control of Xiaodu, these preferred shares are accounted for as redeemable noncontrolling interests.

The Company accounts for the accrete changes in the redemption value in accordance with ASC topic 480 (“ASC 480”), Distinguishing Liabilities from Equity. The Company elects to use the effective interest method for the changes of redemption value over the period from the date of issuance to the earliest redemption date of the noncontrolling interest.