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Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Disclosure and Measurement

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

		Total fair value at December 31, 2014				Fair value measurement or disclosure at December 31, 2014 using
						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			1,746,888								1,746,888
Money market fund			755,095				755,095
Short-term investments Held-to-maturity investments
Fixed-rate investments			38,248,723								38,248,723
Adjustable-rate investments			59,519								59,519
Long-term investments Held-to-maturity investments
Fixed-rate investments			531,318								531,318
Long-term notes payable			21,811,666				21,811,666
Fair value measurement
Recurring
Short-term investments Available-for-sale investments
Fixed-rate debt investments			2,865,096								2,865,096
Adjustable-rate debt investments			1,568,543								1,568,543
Equity investments			45,508				45,508
Long-term investments Available-for-sale investments
Debt investment			272,680												272,680
Equity investment			115,921				115,921
Non-recurring
Long-term investments			—												—				(93,424	)
Intangible assets			—												—				(1,625	)
Total assets measured at fair value			4,867,748				161,429				4,433,639				272,680				(95,049	)

As of December 31, 2014, long-term available-for-sale debt investment was measured at fair value on a recurring basis using significant unobservable inputs (Level 3).

As of December 31, 2014, certain intangible assets (Note 8) and equity method investments (Note 4) were written down from their respective carrying value to fair value of nil, which were measured using significant unobservable inputs (Level 3), with impairment charges incurred and recorded in earnings for the year then ended.

		Total fair value at December 31, 2015								Fair value measurement or disclosure at December 31, 2015 using
										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			678,000				104,665								678,000
Money market fund			608,353				93,914				608,353
Short-term investments Held-to-maturity investments
Fixed-rate investments			37,134,096				5,732,517								37,134,096
Long-term investments Held-to-maturity investments
Fixed-rate investments			1,806,446				278,867								1,806,446
Long-term notes payable			30,714,586				4,741,515				30,714,586
Fair value measurement
Recurring
Short-term investments Available-for-sale investments
Fixed-rate debt investments			6,958,399				1,074,192								6,958,399
Adjustable-rate debt investments			13,325,385				2,057,085								13,325,385
Equity investments			742,618				114,640				742,618
Long-term investments Available-for-sale investments
Equity investments			276,965				42,756				276,965
Non-recurring
Long-term investments			—				—												—				(116,978	)			(18,058	)
Total assets measured at fair value			21,303,367				3,288,673				1,019,583				20,283,784				—				(116,978	)			(18,058	)

Reconciliation of Available-For-Sale Debt Investments at Fair Value on a Recurring Basis Using Significant Unobservable Inputs

The following table presents a reconciliation of long-term available-for-sale debt investment at fair value on a recurring basis using significant unobservable inputs (Level 3).

		Long-term available-for- sale debt investment
		RMB				US$
		(In thousands)
Balance as of January 1, 2015			272,680				42,095
Reclassification as a cost method investment			(272,680	)			(42,095	)
Balance as of December 31, 2015			—				—

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a,b,bb)
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2C
-URI http://asc.fasb.org/extlink&oid=36462937&loc=SL7498348-110258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

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X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

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