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Segment Reporting | 12 Months Ended
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Dec. 31, 2015
Segment Reporting [Abstract] |
Segment Reporting |
29. | Segment Reporting
Prior to 2015, the Group's internal reporting to the CODM does not distinguish cost and expenses among segments. Hence, the Group had only one operating segment prior to 2015. Starting from the first quarter of 2015, in order to better evaluate the Group's business performance and better allocate resources the CODM began to review YY IVAS and others, Huya broadcasting, and 100 Education separately. The CODM assesses the performance of the operating segments mainly based on net revenues, gross profit / (loss), operating income / (loss) of each reporting segment. Net revenues of YY IVAS and others are presented for the CODM's review separately. Gross profit and operating income of YY IVAS and others are presented for the CODM's review on a combined basis as the cost of revenues and operating expenses of others cannot be distinguished from those of YY IVAS. Net revenues, gross loss and operating loss of Huya broadcasting and 100 education are presented for the CODM's review separately. Segmental information for prior periods was prepared and presented on the same basis as 2015 for comparative information purpose. The Group currently does not allocate assets to all of its segments, as its CODM does not use such information to allocate resources or evaluate the performance of the operating segments. As the Group's long-lived assets and revenue are substantially located in and derived from the PRC, no geographical segments are presented. The Group currently does not allocate assets to all of its segments, as its CODM does not use such information to allocate resources or evaluate the performance of the operating segments. The following table presents summary information by segment: For the year ended December 31, 2015:
|  | YY IVAS |  |  | Others |  |  | YY IVAS and others |  |  | Huya broadcasting |  |  | 100 Education |  |  | Total |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Net revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Internet value-added service |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
—Online music and entertainment |  |  | 3,320,052 |  |  |  | - |  |  |  | 3,320,052 |  |  |  | - |  |  |  | - |  |  |  | 3,320,052 |
—Online games |  |  | 771,882 |  |  |  | - |  |  |  | 771,882 |  |  |  | - |  |  |  | - |  |  |  | 771,882 |
—Online dating |  |  | 651,019 |  |  |  | - |  |  |  | 651,019 |  |  |  | - |  |  |  | - |  |  |  | 651,019 |
—Other IVAS |  |  | 561,682 |  |  |  | - |  |  |  | 561,682 |  |  |  | 356,324 |  |  |  | - |  |  |  | 918,006 |
Other revenues |  |  | - |  |  |  | 112,516 |  |  |  | 112,516 |  |  |  | - |  |  |  | 123,774 |  |  |  | 236,290 |
Total net revenues |  |  | 5,304,635 |  |  |  | 112,516 |  |  |  | 5,417,151 |  |  |  | 356,324 |  |  |  | 123,774 |  |  |  | 5,897,249 |
Cost of revenues(1) |  |  |  |  |  |  |  |  |  |  | (2,798,064 | ) |  |  | (655,066 | ) |  |  | (126,614 | ) |  |  | (3,579,744 | )
Gross profit / (loss) |  |  |  |  |  |  |  |  |  |  | 2,619,087 |  |  |  | (298,742 | ) |  |  | (2,840 | ) |  |  | 2,317,505 |
Operating expenses(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research and development expenses |  |  |  |  |  |  |  |  |  |  | (445,411 | ) |  |  | (66,538 | ) |  |  | (36,850 | ) |  |  | (548,799 | )
Sales and marketing expenses |  |  |  |  |  |  |  |  |  |  | (253,129 | ) |  |  | (24,469 | ) |  |  | (35,272 | ) |  |  | (312,870 | )
General and administrative expenses |  |  |  |  |  |  |  |  |  |  | (240,536 | ) |  |  | (25,869 | ) |  |  | (92,069 | ) |  |  | (358,474 | )
Goodwill impairment |  |  |  |  |  |  |  |  |  |  | (128,034 | ) |  |  | - |  |  |  | (182,090 | ) |  |  | (310,124 | )
Fair value change of contingent consideration |  |  |  |  |  |  |  |  |  |  | 107,306 |  |  |  | - |  |  |  | 185,165 |  |  |  | 292,471 |
Total operating expenses |  |  |  |  |  |  |  |  |  |  | (959,804 | ) |  |  | (116,876 | ) |  |  | (161,116 | ) |  |  | (1,237,796 | )
Other income |  |  |  |  |  |  |  |  |  |  | 82,300 |  |  |  | - |  |  |  | - |  |  |  | 82,300 |
Operating income / (loss) |  |  |  |  |  |  |  |  |  |  | 1,741,583 |  |  |  | (415,618 | ) |  |  | (163,956 | ) |  |  | 1,162,009 |
(1) Share based compensation was allocated in cost of revenues and operating expenses as follows:
|  | YY IVAS and others |  |  | Huya broadcasting |  |  | 100 Education |  |  | Total |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Cost of revenues |  | 22,077 |  |  | 1,497 |  |  | 389 |  |  | 23,963 |
Research and development expenses |  |  | 59,400 |  |  |  | 4,754 |  |  |  | 6,797 |  |  |  | 70,951 |
Sales and marketing expenses |  |  | 3,119 |  |  |  | 164 |  |  |  | - |  |  |  | 3,283 |
General and administrative expenses |  |  | 51,260 |  |  |  | 3,302 |  |  |  | 32,613 |  |  |  | 87,175 |
Share-based compensation expenses |  |  | 135,856 |  |  |  | 9,717 |  |  |  | 39,799 |  |  |  | 185,372 |
For the year ended December 31, 2014:
|  | YY IVAS |  |  | Others |  |  | YY IVAS and others |  |  | Huya broadcasting |  |  | 100 Education |  |  | Total |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Net revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Internet value-added service |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
—Online music and entertainment |  |  | 2,109,503 |  |  |  | - |  |  |  | 2,109,503 |  |  |  | - |  |  |  | - |  |  |  | 2,109,503 |
—Online games |  |  | 811,699 |  |  |  | - |  |  |  | 811,699 |  |  |  | - |  |  |  | - |  |  |  | 811,699 |
—Online dating |  |  | 194,134 |  |  |  | - |  |  |  | 194,134 |  |  |  | - |  |  |  | - |  |  |  | 194,134 |
—Other IVAS |  |  | 262,318 |  |  |  | - |  |  |  | 262,318 |  |  |  | 153,371 |  |  |  | - |  |  |  | 415,689 |
Other revenues |  |  | - |  |  |  | 146,393 |  |  |  | 146,393 |  |  |  | - |  |  |  | 950 |  |  |  | 147,343 |
Total net revenues |  |  | 3,377,654 |  |  |  | 146,393 |  |  |  | 3,524,047 |  |  |  | 153,371 |  |  |  | 950 |  |  |  | 3,678,368 |
Cost of revenues(1) |  |  |  |  |  |  |  |  |  |  | (1,586,933 | ) |  |  | (248,154 | ) |  |  | (14,062 | ) |  |  | (1,849,149 | )
Gross profit / (loss) |  |  |  |  |  |  |  |  |  |  | 1,937,114 |  |  |  | (94,783 | ) |  |  | (13,112 | ) |  |  | 1,829,219 |
Operating expenses(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research and development expenses |  |  |  |  |  |  |  |  |  |  | (362,352 | ) |  |  | (47,765 | ) |  |  | (21,071 | ) |  |  | (431,188 | )
Sales and marketing expenses |  |  |  |  |  |  |  |  |  |  | (97,983 | ) |  |  | (4,399 | ) |  |  | (145 | ) |  |  | (102,527 | )
General and administrative expenses |  |  |  |  |  |  |  |  |  |  | (200,535 | ) |  |  | (20,954 | ) |  |  | (1,530 | ) |  |  | (223,019 | )
Total operating expenses |  |  |  |  |  |  |  |  |  |  | (660,870 | ) |  |  | (73,118 | ) |  |  | (22,746 | ) |  |  | (756,734 | )
Other income |  |  |  |  |  |  |  |  |  |  | 6,319 |  |  |  | - |  |  |  | - |  |  |  | 6,319 |
Operating income / (loss) |  |  |  |  |  |  |  |  |  |  | 1,282,563 |  |  |  | (167,901 | ) |  |  | (35,858 | ) |  |  | 1,078,804 |
(1) Share based compensation was allocated in cost of revenues and operating expenses as follows:
|  | YY IVAS and others |  |  | Huya broadcasting |  |  | 100 Education |  |  | Total |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Cost of revenues |  |  | 16,552 |  |  |  | 1,185 |  |  |  | 300 |  |  |  | 18,037 |
Research and development expenses |  |  | 47,315 |  |  |  | 1,895 |  |  |  | 4,931 |  |  |  | 54,141 |
Sales and marketing expenses |  |  | 2,803 |  |  |  | 4 |  |  |  | - |  |  |  | 2,807 |
General and administrative expenses |  |  | 57,938 |  |  |  | 1,660 |  |  |  | 49 |  |  |  | 59,647 |
Share-based compensation expenses |  |  | 124,608 |  |  |  | 4,744 |  |  |  | 5,280 |  |  |  | 134,632 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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