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Related Party Transactions | 12 Months Ended
--- | ---
Dec. 31, 2021
Related Party Transactions [Abstract] |
Related Party Transactions |
20. | RELATED PARTY TRANSACTIONS
a) | Related Parties
Name of related parties |  | Relationship with the Group
Kingsoft Corporation Limited and its subsidiaries (other than all of entities of the Group) (“Kingsoft Group”) |  | Principal shareholder of the Company
Cheetah Mobile Inc. and its subsidiaries (“Cheetah Group”) |  | Entity that Kingsoft Corporation Limited exercises significant influence over
Xiaomi Corporation and its subsidiaries (“Xiaomi Group”) |  | Entity controlled by a director of the Company
The Company was controlled by Kingsoft before the completion of IPO. As Kingsoft lost control over the Company upon the completion of the IPO on May 8, 2020, Cheetah Group is no longer a related party of the Company.
b) | The Group had the following related party transactions:
|  | For the year ended December 31 |
|  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Public cloud services provided to Xiaomi Group |  |  | 570,431 |  |  |  | 655,165 |  |  |  | 749,597 |  |  |  | 117,628 |
Public cloud services provided to Kingsoft Group |  |  | 109,177 |  |  |  | 119,011 |  |  |  | 156,158 |  |  |  | 24,505 |
Public cloud services provided to Cheetah Group |  |  | 8,579 |  |  |  | 3,111 |  |  |  | — |  |  |  | — |
Enterprise cloud services provided to Xiaomi Group |  |  | — |  |  |  | — |  |  |  | 22,857 |  |  |  | 3,587 |
Enterprise cloud services provided to Kingsoft Group |  |  | — |  |  |  | — |  |  |  | 838 |  |  |  | 131 |
Other services provided to Xiaomi Group |  |  | 120 |  |  |  | 82 |  |  |  | — |  |  |  | — |
Other services provided to Kingsoft Group |  |  | — |  |  |  | — |  |  |  | 74 |  |  |  | 12 |
|  |  | 688,307 |  |  |  | 777,369 |  |  |  | 929,524 |  |  |  | 145,863 |
Purchase of devices from Xiaomi Group |  |  | 2,707 |  |  |  | 2,177 |  |  |  | 1,349 |  |  |  | 212 |
Interest expense on loan s due to Xiaomi Group |  |  | — |  |  |  | — |  |  |  | 16,633 |  |  |  | 2,610 |
Interest expense on loan due to Kingsoft Group |  |  | 4,925 |  |  |  | — |  |  |  | 4,088 |  |  |  | 641 |
Rental of building from Xiaomi Group* |  |  | 9,578 |  |  |  | 47,900 |  |  |  | 56,452 |  |  |  | 8,859 |
Rental of office space, and administrative services from Kingsoft Group** |  |  | 24,524 |  |  |  | 13,801 |  |  |  | 13,321 |  |  |  | 2,090 |
|  |  | 41,734 |  |  |  | 63,878 |  |  |  | 91,843 |  |  |  | 14,412 |
* | The Group entered into agreements to lease building and office space from Xiaomi Group. As of December 31, 2020 and 2021, the related operating lease right-of-use assets amounted to RMB243,585 and RMB210,551 (US$33,024) and operating lease liabilities amounted to RMB250,646 and RMB238,180 (US$37,356), respectively.
** | The Group entered into short-term agreements to lease office space from Kingsoft Group in 2019 . The agreements expired in December 2019. The amounts in 2020 and 2021 were administrative services from Kingsoft Group.
c) | The Group had the following related party balances at the end of the year:
|  | As at December 31 |
|  | 2020 |  |  | 2021 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
Amounts due from related parties: |  |  |  |  |  |  |  |  |  |  |  |
Xiaomi Group |  |  | 165,568 |  |  |  | 175,170 |  |  |  | 27,488 |
Kingsoft Group |  |  | 45,258 |  |  |  | 37,731 |  |  |  | 5,921 |
|  |  | 210,826 |  |  |  | 212,901 |  |  |  | 33,409 |
Amounts due to related parties: |  |  |  |  |  |  |  |  |  |  |  |
Kingsoft Group* |  |  | 80,294 |  |  |  | 544,376 |  |  |  | 85,425 |
Xiaomi Group** |  |  | 32,704 |  |  |  | 764,941 |  |  |  | 120,036 |
|  |  | 112,998 |  |  |  | 1,309,317 |  |  |  | 205,461 |
* | During 2021, the Group entered into a loan agreement with Kingsoft Group for an aggregate principal amount of RMB500,000 (US$78,461) bearing a fixed annual interest rate of 4.65%. The loan will be repaid in November 2022.
** | During 2021, the Group entered into several loan agreements with a weighted average interest rate of 4.36% with Xiaomi Group which are secured by the Group’s electronic equipment. As of December 31, 2021, the current portion and non-current portion of the loans was RMB236,206 (US$37,066) and RMB472,882 (US$74,206) , respectively. Under the terms of the agreements, the Group will repay in fixed quarterly installments over 3 years according to the following schedule:
|  | 2021 |  |  | 2021 |
|  | RMB |  |  | US$ |
2022 |  |  | 236,206 |  |  |  | 37,066 |
2023 |  |  | 241,168 |  |  |  | 37,845 |
2024 |  |  | 231,714 |  |  |  | 36,361 |
|  |  | 709,088 |  |  |  | 111,272 |
All the balances with related parties except for the loans from Xiaomi Group were unsecured. All outstanding balances except for loans from Xiaomi Group and Kingsoft Group are repayable on demand unless otherwise disclosed. The effect of adopting ASC 326 to due from related parties was immaterial.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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