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Intangible Assets, Net
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
7. INTANGIBLE ASSETS, NET

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

 

     December 31, 2014  
     Gross Carrying
Value
     Accumulated
Amortization
     Net Carrying
Value
 
     RMB      RMB      RMB      US$  

Trademarks

     68,310         (29,601      38,709         6,239   

Customer relationship

     9,050         (9,050      —           —     

Websites

     27,000         (27,000      —           —     

Domain names

     1,870         (1,870      —           —     

Licensing agreements

     2,352         (1,661      691         111   
  

 

 

    

 

 

    

 

 

    

 

 

 
  108,582      (69,182   39,400      6,350   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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

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   
  

 

 

    

 

 

    

 

 

 

 

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 was RMB10,203, RMB6,250 and RMB6,053 (US$976) for the years ended December 31, 2012, 2013 and 2014, respectively.

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

 

     2015      2016      2017      2018      2019  
     RMB      RMB      RMB      RMB      RMB  

Trademarks

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

Licensing agreements

     691         —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
  5,245      4,554      4,554      4,554      4,554