| Related Party Transactions |
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RELATED PARTY TRANSACTIONS | Related party transactions with investees Related party transactions provided by the Company primarily related to online marketing services, cloud services and other services. The following table summarizes the revenue recognized from transactions with investees for the years ended December 31, 2019, 2020 and 2021.
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For the years ended December 31, |
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627 |
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204 |
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315 |
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49 |
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731 |
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678 |
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888 |
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139 |
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126 |
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20 |
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1,394 |
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1,015 |
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1,038 |
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163 |
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| The Group purchased produced content and licensed copyrights, traffic acquisition and other services from equity investees in an amount of RMB3.0 billion, RMB1.9 billion and RMB3.0 billion (US$464 million) for the years ended December 31, 2019, 2020 and 2021, respectively.
Related party transactions with others In 2021, related party transactions with Related Party D, a party which the Company can significantly influence the management or operating policies, mainly related to content purchased from and online marketing services sold to related party D, which amounted to RMB51 million (US$8 million) and RMB2.0 billion (US$312 million), respectively. In addition, other related party transactions were insignificant for each of the years presented, which included reimbursements to Robin Li’s use of an aircraft beneficially owned by his family member used for the Company’s business purposes. Balances of due from/due to related parties As of December 31, 2020 and 2021, amounts due from/due to related parties were as follows: Expect for the non-trade balances as of December 31, 2020 and 2021 relate to transactions disclosed below, amounts due from/due to related parties arising from the ordinary and usual course of business of the Group and were trade in nature.
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Amounts due from related parties, current: |
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22 |
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22 |
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3 |
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306 |
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375 |
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59 |
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212 |
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— |
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— |
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— |
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514 |
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81 |
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Other related parties (iv) |
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186 |
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457 |
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72 |
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726 |
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1,368 |
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215 |
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Amounts due from related parties, non-current: |
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3,398 |
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3,405 |
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534 |
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40 |
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82 |
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13 |
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3,438 |
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3,487 |
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547 |
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Amounts due to related parties, current: |
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50 |
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37 |
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6 |
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489 |
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457 |
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72 |
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175 |
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305 |
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48 |
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Other related parties (ix) |
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610 |
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965 |
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151 |
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1,324 |
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1,764 |
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277 |
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Amounts due to related parties, non-current: |
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3,216 |
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3,139 |
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493 |
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325 |
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128 |
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20 |
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Other related parties (xi) |
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2 |
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1 |
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— |
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3,543 |
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3,268 |
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513 |
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| (i) |
The balances mainly represent amounts arising from online marketing services, cloud services and other services the Company provided to Related Party A. |
| (ii) |
The balances represent non-trade long-term loans due from with interest rates ranging from 0.00% to 0.50%, and amounts arising from services the Company provided to . |
(iii) |
The balances mainly represent amounts arising from services including online marketing services and cloud services the Company provided to Related Party E. Related Party E ceases to be a related party from February 2021 as the Company does not have significant influence over Related Party E after its public listing. |
(iv) |
The balances mainly represent amounts arising from cloud services and other services the Company provided to its investees in ordinary course of business. |
(v) |
The balance consists of amount due from the Company’s investees in the ordinary course of business. |
(vi) |
The balances mainly represent amounts arising from deferred revenue relating to the future online marketing services and other services to be provided by the Company to Related Party A and business trip services provided by Related Party A. |
(vii) |
The balance represents amount due to Related Party B arising from services provided by Related Party B to the Company in the ordinary course of business and non-trade loans provided by Related Party B with interest rates of nil. |
(viii) |
The balances mainly represent deferred revenue relating to the future services to be provided by the Company to Related Party F which is an equity method investment investee. |
(ix) |
The balances mainly represent amounts arising from services including advertising services and licensing of content assets provided by the Company’s investees and non-trade amounts payable for acquiring the equity interest of the Company’s investees. |
(x) |
The balances mainly represent non-trade interest-free long-term loans provided by Related Party B. |
(xi) |
The balance mainly represents deferred revenue relating to the future services to be provided by the Company to investees. |
(xii) |
The balance mainly represents online marketing services provided to Related Party D. |
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