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EMPLOYEE BENEFITS
12 Months Ended
Dec. 31, 2017
EMPLOYEE BENEFITS  
EMPLOYEE BENEFITS

14.  EMPLOYEE BENEFITS

 

The Group’s employee benefit primarily related to the full-time employees of the PRC subsidiaries and the VIEs, including medical care, welfare subsidies, housing fund, unemployment insurance and pension benefits. The PRC subsidiaries and VIEs are required to accrue for these benefits based on certain percentages of the employees’ salaries in accordance with the relevant PRC regulations and make contributions to the state-sponsored pension and medical plans out of the amounts accrued for medical and pension benefits. The PRC government is responsible for the medical benefits and ultimate pension liability to these employees. The total expenses recorded for such employee benefits amounted to RMB961 million, RMB1.4 billion and RMB1.6 billion for the years ended December 31, 2015, 2016 and 2017 respectively.