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v3.19.1

Summary of significant accounting policies (Tables) | 12 Months Ended
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Dec. 31, 2018
Schedule of financial information of the Group's consolidated VIEs and VIEs' subsidiaries, including total assets, total liabilities, total equity, net revenues, total operating expenses, net income (loss) attributable to the Company and cash flows after intercompany eliminations |
|  | As of December 31,
|  | 2017 |  | 2018
|  | RMB |  | RMB
Total assets |  | 5,520,550 |  | 5,974,238
Current liabilities: |  |  |  |
Accounts payable |  | (87,926) |  | (85,257)
Advances from customers |  | (965,275) |  | (751,615)
Accrued expenses and other current liabilities |  | (1,618,716) |  | (2,689,273)
Amounts due to related parties |  | (616) |  | (22,225)
Deferred income |  | (54,543) |  | (204,925)
Total current liabilities |  | (2,727,076) |  | (3,753,295)
Deferred tax liability |  | (4,224) |  | (3,617)
Deferred income |  | (838) |  | (298)
Total liabilities |  | (2,732,138) |  | (3,757,210)
|  | Year ended December 31,
|  | 2016 |  | 2017 |  | 2018
|  | RMB |  | RMB |  | RMB
Net revenues |  | 5,500,226 |  | 1,583,466 |  | 2,455,488
Total operating expenses |  | (1,740,370) |  | (5,243,573) |  | (5,826,283)
Net income (loss) |  | 230,954 |  | (3,784,932) |  | (3,531,460)
|  | Year ended December 31,
|  | 2016 |  | 2017 |  | 2018
|  | RMB |  | RMB |  | RMB
Net cash used in operating activities |  | (1,192,894) |  | (801,931) |  | (294,853)
Net cash provided by (used in) investing activities |  | 626,798 |  | 1,435,001 |  | (48,162)
Net cash (used in) provided by financing activities |  | (108,779) |  | 1,144,728 |  | (17,698)
Schedule of classification and estimated useful lives of plant and equipment |
Classification |  | Estimated useful life
Buildings |  | 20 years
Furniture, fixtures and equipment |  | 2 to 10 years
Leasehold improvements |  | Shorter of lease term or the estimated useful life of lease improvements
Motor vehicles |  | 5 years
Software |  | 3 years
Schedule of estimated economic lives of the intangible assets |
Classification |  | Estimated economic life
Customer relationships |  | 4-14 years
Trademarks |  | 2-5 years
Non-compete agreement |  | 3 years
Domain names |  | 2-3 years
Payment license |  | Indefinite life
Schedule of fair value measurements of the Group's assets that are measured at fair value on a recurring basis in periods subsequent to their initial recognition |
|  |  |  | Fair Value Measurements at Reporting
|  |  |  | Date Using
|  |  |  | Quoted Prices |  |  |  |
|  |  |  | in Active |  | Significant |  |
|  |  |  | Markets for |  | Other |  | Significant
|  | As of |  | Identical |  | Observable |  | Unobservable
|  | December 31, |  | Assets |  | Inputs |  | Inputs
Description |  | 2017 |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  | RMB |  | RMB |  | RMB |  | RMB
Other investments: |  |  |  |  |  |  |  |
- Equity investments with readily determinable fair value |  | 352 |  | 352 |  | — |  | —
- Available-for-sale debt securities |  | 145,930 |  | — |  | 145,930 |  | —
|  |  |  | Fair Value Measurements at Reporting
|  |  |  | Date Using
|  |  |  | Quoted Prices |  |  |  |
|  |  |  | in Active |  | Significant |  |
|  |  |  | Markets for |  | Other |  | Significant
|  | As of |  | Identical |  | Observable |  | Unobservable
|  | December 31, |  | Assets |  | Inputs |  | Inputs
Description |  | 2018 |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  | RMB |  | RMB |  | RMB |  | RMB
Other investments: |  |  |  |  |  |  |  |
- Equity investments with readily determinable fair value |  | 217,036 |  | 217,036 |  | — |  | —
- Available-for-sale debt securities |  | 130,358 |  | — |  | 130,358 |  | —
ASU 2014-09 |
Schedule of the cumulative effect of the changes made to the consolidated balance sheets and statement of operations |
|  | Balance at |  | Adjustments |  | Balance at
|  | December 31, |  | Due to |  | January 1,
|  | 2017 |  | Topic 606 |  | 2018
|  | RMB |  | RMB |  | RMB
Assets |  |  |  |  |  |
Accounts receivable, net |  | 4,803,527 |  | 530,994 |  | 5,334,521
Inventories |  | 6,960,251 |  | (898,641) |  | 6,061,610
Liabilities |  |  |  |  |  |
Advances from customers |  | 2,339,914 |  | (1,065,924) |  | 1,273,990
Accrued expenses and other current liabilities |  | 3,537,151 |  | 521,907 |  | 4,059,058
Equity |  |  |  |  |  |
Retained earnings |  | 5,602,681 |  | 176,370 |  | 5,779,051
The adjustments above related primarily to unfulfilled performance obligations on the sales of product goods to be passed to customers and refund liabilities in relation to return rights. The following table details the impacts of the adoption of Topic 606 on the consolidated balance sheet as of December 31, 2018:
|  | December 31, 2018
|  |  |  | Balances Without |  |
|  | As |  | Adoption of |  | Effect of
|  | Reported |  | Topic 606 |  | Change
|  | RMB |  | RMB |  | RMB
Assets |  |  |  |  |  |
Accounts receivable, net |  | 5,674,731 |  | 5,138,714 |  | 536,017
Inventories |  | 5,368,106 |  | 6,488,200 |  | (1,120,094)
Liabilities |  |  |  |  |  |
Advances from customers |  | 1,473,134 |  | 2,871,523 |  | (1,398,389)
Accrued expenses and other current liabilities |  | 5,512,605 |  | 4,935,318 |  | 577,287
Equity |  |  |  |  |  |
Retained earnings |  | 7,907,396 |  | 7,670,370 |  | 237,026
The following table details the impacts of the adoption of Topic 606 on the consolidated statements of operations and comprehensive income for the year ended December 31, 2018:
|  | Year Ended December 31, 2018
|  |  |  | Balances Without |  |
|  | As |  | Adoption of |  | Effect of
|  | Reported |  | Topic 606 |  | Change
|  | RMB |  | RMB |  | RMB
Revenue |  |  |  |  |  |
Product revenues |  | 81,510,275 |  | 80,343,367 |  | 1,166,908
Other revenue |  | 3,013,673 |  | 2,951,922 |  | 61,751
Cost applicable to revenue |  |  |  |  |  |
Cost of revenues |  | 67,454,981 |  | 66,508,966 |  | 946,015
Operating and income tax expenses |  |  |  |  |  |
Income tax expense |  | 566,604 |  | 520,985 |  | 45,619
Net income |  |  |  |  |  |
Net income |  | 2,133,472 |  | 1,896,447 |  | 237,025

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