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Investment in equity method investees (Tables) | 12 Months Ended
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Dec. 31, 2018
Investment in equity method investees |
Schedule of Investment in equity method investees |
|  | As of
|  | December 31,
|  | 2017 |  | 2018
|  | RMB |  | RMB
Kunshan Baowei Information Technology Limited (i) |  | — |  | 271,959
Shenzhen Tencent Puhe Limited Partnership (ii) |  | — |  | 293,481
Ovation (iii) |  | 46,630 |  | 48,292
Others |  | 19,704 |  | 53,695
Total |  | 66,334 |  | 667,427
The Group's principal equity method investments and its ownership interest (direct and indirect) for each at December 31, 2017 and 2018 are as follows: (i)In November 2018, the Group entered into an agreement with another PRC company, to set up a joint venture, Kunshan Baowei Information Technology Limited ("Baowei"), which is incorporated in PRC. The Group was entitled to 45% equity interest, for a total consideration of RMB 272 million pursuant to the agreement. (ii)In May 2018, the Group acquired 14% limited partnership interest in Shenzhen Tencent Puhe Limited Partnership ("Puhe"), which is a PRC limited partnership company, for a total consideration of RMB362.5 million. (iii)In February 2014, the Group acquired a 23% equity interest in Ovation, which is a British Virgin Island ("BVI") company that engages in research and development, and distribution of beauty products and production and publication of TV programme, for a total consideration of approximately US$55,777 (approximately RMB339,303) pursuant to a share purchase and subscription agreement with Ovation and certain of its existing shareholders.

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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