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Share-Based Awards Plan (Tables)
12 Months Ended
Dec. 31, 2017
Total Share-Based Compensation Cost Recognized

The following table summarizes the total share-based compensation cost recognized by the Group:

 

     For the years ended December 31,  
     2015      2016      2017      2017  
     RMB      RMB      RMB      US$  
     (In millions)  

Expensed as cost of revenues

     49        103        183        28  

Expensed as selling, general and administrative

     487        429        973        150  

Expensed as research and development

     851        1,228        2,088        321  

Capitalized as part of internal-used software

     1        —          —          —    
Baidu  
Option Activity

The following table summarizes the option activity for the year ended December 31, 2017:

 

     Number
of shares
    Weighted
average
exercise price
(US$)
     Weighted
average
remaining
contractual

life (Years)
     Aggregate
intrinsic
value (US$ in
millions)
 

Share options

          

Outstanding, December 31, 2016

     231,239       1,537.40        7.25        62  

Granted

     151,990       1,860.29        

Exercised

     (57,072     1,177.53        

Forfeited/Cancelled

     (10,760     1,691.10        
  

 

 

         

Outstanding, December 31, 2017

     315,397       1,752.90        7.83        186  
  

 

 

         

Vested and expected to vest at December 31, 2017

     266,234       1,729.96        7.67        163  
  

 

 

         

Exercisable at December 31, 2017

     100,197       1,500.53        5.82        84  
  

 

 

         

Assumptions Used to Estimate Fair Values of Share Options Granted

The following table presents the assumptions used to estimate the fair values of the share options granted in the years presented:

 

     For the years ended December 31  
     2015      2016      2017  

Risk-free interest rate

     1.31%~1.36%        1.13%~1.47%        1.81%~2.08%  

Dividend yield

     —          —          —    

Expected volatility range

     40.04%~40.57%        38.91%~40.09%        35.99%~38.41%  

Weighted average expected volatility

     40.21%        39.37%        38.39%  

Expected life (in years)

     5.02~5.13        5.75~5.92        4.99~6.01  
Restricted Shares Activity

Restricted Shares activity for the year ended December 31, 2017 was as follows:

 

     Number of
shares
     Weighted
average grant
date fair value

(US$)
 

Restricted Shares

     

Unvested, December 31, 2016

     707,271        1,801.15  

Granted

     427,579        1,977.57  

Vested

     (178,138      1,777.22  

Forfeited/Cancelled

     (137,042      1,792.96  
  

 

 

    

Unvested, December 31, 2017

     819,670        1,899.37  
  

 

 

    

 

iQIYI  
Total Share-Based Compensation Cost Recognized

The following table summarizes the share-based compensation cost recognized by iQIYI:

 

     For the years ended December 31,  
     2015      2016      2017      2017  
     RMB      RMB      RMB      US$  
     (In millions)  

Expensed as cost of revenues

     6        9        35        5  

Expensed as selling, general and administrative

     21        30        131        20  

Expensed as research and development

     17        23        67        11