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INTANGIBLE ASSETS, NET
9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]    
INTANGIBLE ASSETS, NET
5. INTANGIBLE ASSETS, NET

The following table presents the Group’s intangible assets with definite lives as of the respective balance sheet dates:

 

     September 30, 2014  
     Gross Carrying
Value
     Accumulated
Amortization
    Net Carrying
Value
     Net Carrying
Value
 
     RMB
(Unaudited)
     RMB
(Unaudited)
    RMB
(Unaudited)
     US$
(Unaudited)
 

Trademarks

     68,310         (28,463     39,847         6,492   

Customer relationship

     9,050         (9,050     —           —     

Websites

     27,000         (27,000     —           —     

Domain names

     1,870         (1,870     —           —     

Licensing agreements

     2,363         (1,331     1,032         168   
  

 

 

    

 

 

   

 

 

    

 

 

 
     108,593         (67,714     40,879         6,660   
  

 

 

    

 

 

   

 

 

    

 

 

 

 

     December 31, 2013  
     Gross Carrying
Value
     Accumulated
Amortization
    Net Carrying
Value
 
     RMB
(Audited)
     RMB
(Audited)
    RMB
(Audited)
 

Trademarks

     68,310         (25,047     43,263   

Customer relationship

     9,050         (9,050     —     

Websites

     27,000         (27,000     —     

Domain names

     1,870         (1,714     156   

Licensing agreements

     2,266         (324     1,942   
  

 

 

    

 

 

   

 

 

 
     108,496         (63,135     45,361   
  

 

 

    

 

 

   

 

 

 

Amortization expense was RMB4,670 and RMB4,576 (US$746) for the nine months ended September 30, 2013 and 2014, respectively.

8. INTANGIBLE ASSETS, NET

The following tables present the Group’s intangible assets with definite lives as of the respective balance sheet dates:

 

     December 31, 2013  
     Gross  Carrying
Value
     Accumulated
Amortization
    Net Carrying
Value
 
     RMB      RMB     RMB      US$  

Trademarks

     68,310         (25,047     43,263         7,146   

Customer relationship

     9,050         (9,050     —           —     

Websites

     27,000         (27,000     —           —     

Domain names

     1,870         (1,714     156         26   

Licensing agreements

     2,266         (324     1,942         321   
  

 

 

    

 

 

   

 

 

    

 

 

 
     108,496         (63,135     45,361         7,493   
  

 

 

    

 

 

   

 

 

    

 

 

 

 

     December 31, 2012  
     Gross  Carrying
Value
     Accumulated
Amortization
    Net Carrying
Value
 
     RMB      RMB     RMB  

Trademarks

     68,310         (20,493     47,817   

Customer relationship

     9,050         (8,145     905   

Websites

     27,000         (27,000     —     

Domain names

     1,870         (1,247     623   
  

 

 

    

 

 

   

 

 

 
     106,230         (56,885     49,345   
  

 

 

    

 

 

   

 

 

 

The intangible assets are amortized using the straight-line method, which is the Group’s best estimate of how these assets will be economically consumed over their respective estimated useful lives ranging from approximately 1.75 to 15 years. Amortization expense for continuing operations was RMB13,768, RMB10,203 and RMB6,250 (US$1,032) for the years ended December 31, 2011, 2012 and 2013, respectively.

The annual estimated amortization expenses for the acquired intangible assets related to continuing operations for each of the next five years are as follows:

 

     2014      2015      2016      2017      2018  
     RMB      RMB      RMB      RMB      RMB  

Trademarks

     4,554         4,554         4,554         4,554         4,554   

Domain names

     156         —           —           —           —     

Licensing agreements

     1,302         640         —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
     6,012         5,194         4,554         4,554         4,554