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Fair value measurements (Summary of Liabilities Measured at Fair Value on Recurring Basis) (Details)
¥ in Thousands, $ in Thousands
Dec. 31, 2018
CNY (¥)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
CNY (¥)
Assets      
Short-term investments ¥ 979,053 $ 142,397 ¥ 124,550
Recurring [Member]      
Assets      
Short-term investments 979,053 [1]   124,550
Equity investment with readily determinable fair values 238,915 [2]   138,251
Available-for-sale debt securities     1,961
Total 1,217,968   264,762
Liabilities      
Derivative liabilities [3] 0    
Recurring [Member] | Fair Value, Inputs, Level 1 [Member]      
Assets      
Short-term investments 78,605 [1]   29,570
Equity investment with readily determinable fair values 238,915 [2]   138,251
Available-for-sale debt securities     0
Total 317,520   167,821
Liabilities      
Derivative liabilities [3] 0    
Recurring [Member] | Fair Value, Inputs, Level 2 [Member]      
Assets      
Short-term investments 900,448 [1]   94,980
Equity investment with readily determinable fair values 0 [2]   0
Available-for-sale debt securities     0
Total 900,448   94,980
Liabilities      
Derivative liabilities [3] 0    
Recurring [Member] | Level 3 [Member]      
Assets      
Short-term investments 0 [1]   0
Equity investment with readily determinable fair values 0 [2]   0
Available-for-sale debt securities     1,961
Total 0   ¥ 1,961
Liabilities      
Derivative liabilities [3] ¥ 0    
[1] Short-term investments represented the investments issued by commercial banks or other financial institutions with a variable interest rate indexed to the performance of underlying assets within one year. For the instruments whose fair value is provided by banks at the end of each period, the Company classifies the valuation techniques that use these inputs as Level 1 of fair value measurements. For the instruments whose fair value is estimated based on quoted prices of similar products provided by banks at the end of each period, the Company classifies the valuation techniques that use these inputs as Level 2 of fair value measurements.
[2] Equity investments with readily determinable fair values are valued using the market approach based on the quoted prices in active markets at the reporting date. The Group classifies the valuation techniques that use these inputs as Level 1 of fair value measurements.
[3] The Company has determined that conversion feature embedded in the Huya’s Series B-2 Preferred Shares is required to be bifurcated and accounted for as a derivative liability which would be measured at fair value (Note 24). Upon the completion of Huya’s IPO, the derivative liabilities were derecognized and the balance was transferred to additional paid-in capital accordingly.