XML 63 R38.htm IDEA: XBRL DOCUMENT
v3.19.1

Segment information | 12 Months Ended
--- | ---
Dec. 31, 2018
Segment information |
Segment information | 30. Segment information Segment revenue and results The Group has determined that it operates in two operating segments: (1) Vip.com, (2) Internet finance business. The Group derives the results of the segments directly from its internal management reporting system. The CODM measures the performance of each segment based on metrics of revenue and income (loss) from operations and uses these results to evaluate the performance of, and to allocate resources to, each of the segments. The Group currently does not allocate assets, share-based compensation expenses and certain operating expenses to its segments, as the CODM does not use such information to allocate resources to or evaluate the performance of the operating segments. The table below provides a summary of the Group’s operating segment results for the years ended December 31, 2016, 2017 and 2018:
|  | Year ended December 31,
|  | 2016 |  | 2017 |  | 2018
|  | RMB |  | RMB |  | RMB
Net revenues |  |  |  |  |  |
Vip.com |  | 56,567,945 |  | 72,875,234 |  | 84,159,609
Internet finance business |  | 114,735 |  | 249,726 |  | 753,752
Inter-segment revenues (Note a) |  | (91,378) |  | (212,647) |  | (389,413)
Total net revenues |  | 56,591,302 |  | 72,912,313 |  | 84,523,948
Income (loss) from operations |  |  |  |  |  |
Vip.com |  | 3,665,649 |  | 4,063,238 |  | 3,353,658
Internet finance business |  | (172,750) |  | (366,025) |  | (215,459)
Unallocated expenses (Note b) |  | (785,190) |  | (1,006,767) |  | (717,086)
Total income from operations |  | 2,707,709 |  | 2,690,446 |  | 2,421,113
Total other (expenses) income |  | (41,625) |  | (149,593) |  | 325,962
Income before income tax expense and share of loss of equity method investees |  | 2,666,084 |  | 2,540,853 |  | 2,747,075
Depreciation of property and equipment, net (included in the measurement of segment profit or loss):
|  | Year ended December 31,
|  | 2016 |  | 2017 |  | 2018
|  | RMB |  | RMB |  | RMB
Total depreciation of property and equipment, net |  |  |  |  |  |
Vip.com |  | 610,293 |  | 714,656 |  | 715,087
Internet finance business |  | 683 |  | 6,184 |  | 55,203
|  | 610,976 |  | 720,840 |  | 770,290
Note:
| (a) |  | Inter-segment revenues mainly consist of payment processing and financing services provided by the Internet finance business to Vip.com and promotion services provided by Vip.com to the Internet finance business.
| (b) |  | Unallocated expenses include share-based compensation and amortization of intangible assets resulting from assets and business acquisitions, which are not allocated to segments.
Interest income and expenses (included in the measurement of segment profit or loss):
|  | Year ended December 31,
|  | 2016 |  | 2017 |  | 2018
|  | RMB |  | RMB |  | RMB
Interest income |  |  |  |  |  |
Vip.com |  | 105,495 |  | 192,052 |  | 232,494
Internet finance business |  | 29,931 |  | 4,252 |  | 36,946
Inter-segment interest income |  | (28,382) |  | (95,179) |  | (26,568)
|  | 107,044 |  | 101,125 |  | 242,872
Interest expense |  |  |  |  |  |
Vip.com |  | (84,151) |  | (55,821) |  | (103,504)
Internet finance business |  | (29,426) |  | (121,793) |  | (82,808)
Inter-segment interest income |  | 28,382 |  | 95,179 |  | 26,568
|  | (85,195) |  | (82,435) |  | (159,744)
|  | Year ended December 31,
|  | 2016 |  | 2017 |  | 2018
|  | RMB |  | RMB |  | RMB
Net loss of investments accounted by equity method |  |  |  |  |  |
Vip.com |  | (71,489) |  | (22,280) |  | (46,999)
Internet finance business |  | — |  | — |  | —
|  | (71,489) |  | (22,280) |  | (46,999)
The following assets information in the Internet finance segments are reviewed by the CODM:
|  | Year ended December 31,
|  | 2017 |  | 2018
|  | RMB |  | RMB
Total assets |  |  |  |
Vip.com |  | 30,158,119 |  | 34,867,619
Internet finance business |  | 7,824,701 |  | 8,695,044
|  | 37,982,820 |  | 43,562,663
Investments in equity method investees |  |  |  |
Vip.com |  | 66,334 |  | 667,427
Internet finance business |  | — |  | —
|  | 66,334 |  | 667,427
Total expenditure for additions of long-lived assets |  |  |  |
Vip.com |  | 2,459,874 |  | 3,556,067
Internet finance business |  | 14,576 |  | 37,893
|  | 2,474,450 |  | 3,593,960
Other segment information Product revenues relate to sales of apparel, shoes and bags and other products. Other revenues relate to revenues from product promotion and online advertising, and commission fees charged to third-party merchants which the Group provides platform access for sales of their product, and revenues from logistic and warehouse services provided to vendors of the Group.
|  | Year ended December 31,
|  | 2016 |  | 2017 |  | 2018
|  | RMB |  | RMB |  | RMB
Product revenues |  |  |  |  |  |
Apparel |  | 20,381,929 |  | 24,642,418 |  | 30,446,797
Shoes and bags |  | 7,734,909 |  | 8,340,015 |  | 8,442,178
Cosmetics |  | 7,574,423 |  | 10,607,267 |  | 11,700,310
Sportswear and sporting goods |  | 3,518,007 |  | 4,747,077 |  | 5,699,740
Home goods and other lifestyle products |  | 6,622,624 |  | 9,875,682 |  | 9,808,677
Toys, kids and baby |  | 5,535,834 |  | 6,978,246 |  | 8,013,615
Other goods |  | 3,914,174 |  | 5,980,948 |  | 7,398,958
|  | 55,281,900 |  | 71,171,653 |  | 81,510,275
Other revenues |  | 1,309,402 |  | 1,740,660 |  | 3,013,673
Total net revenues |  | 56,591,302 |  | 72,912,313 |  | 84,523,948
Geographic information Substantially all revenues and long-lived assets of Group are derived from and located in the PRC.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration