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SHARE-BASED COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2017
SHARE-BASED COMPENSATION |
Summary of the option activity |
|  | Number of options |  | Weighted average exercise price |  | Weighted average grant-date fair value per option |
|  |  |  | (RMB) |  | (RMB) |
Options outstanding at January 1, 2017 |  |  | 28,589,782 |  |  | 5.2 |  |  | 3.2 |
Granted |  |  | 166,667 |  |  | 5.3 |  |  | 7.6 |
Exercised |  |  | (376,984 | ) |  | 5.2 |  |  | 1.9 |
Forfeited |  |  | (19,000 | ) |  | 5.2 |  |  | 1.9 |
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Options outstanding at September 30, 2017 |  |  | 28,360,465 |  |  | 5.2 |  |  | 3.2 |
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Options vested and expect to vest at September 30, 2017 |  |  | 28,360,465 |  |  | 5.2 |  |  | 3.2 |
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Summary of information with respect to stock options outstanding and stock options exercisable |
|  | Number of options |  | Weighted average remaining contractual life |  | Weighted average exercise price |
|  |  |  | (years) |  | (RMB) |
Options outstanding and exercisable |  |  | 28,360,465 |  |  | 2.5 |  |  | 5.2 |
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Summary of the restricted share activity |
|  | Number of Shares |  | Weighted average grant-date fair value per share |
|  |  |  | (RMB) |
Unvested at January 1, 2017 |  |  | 12,910,080 |  |  | 6.0 |
Granted |  |  | 13,871,860 |  |  | 5.2 |
Vested |  |  | (2,017,920 | ) |  | 8.1 |
Forfeited |  |  | (186,800 | ) |  | 7.2 |
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Unvested at September 30, 2017 |  |  | 24,577,220 |  |  | 5.4 |
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Assumptions used to estimate fair value of the restricted shares |
Grant date: |  | July 2017
Risk-free rate of return |  | 1.29 - 1.63%
Volatility |  | 20.43 - 21.48%
Expected dividend yield |  | —
Share price at grant date |  | US$1.191
|  | (RMB8.0)
Expected term |  | 2 - 4 years
Summary of share-based compensation expenses |
|  | Nine-month periods ended September 30, |
|  | 2016 |  | 2017 |
Costs of revenue |  |  | 1,169 |  |  | 7,365 |
Selling and marketing expenses |  |  | 5,159 |  |  | 12,779 |
General and administrative expenses |  |  | 50,859 |  |  | 20,842 |
Research and development expenses |  |  | — |  |  | 408 |
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Total share-based compensation expenses |  |  | 57,187 |  |  | 41,394 |
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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