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Short-term loans

12 Months Ended

Dec. 31, 2018

Convertible bonds [Abstract]

Short-term Debt

19. Short-term loans

		December 31,
		2017				2018
		RMB				RMB
Short-term loans			588,235				-

The Group entered into agreements with banks, pursuant to which the Group borrowed three loans with total principal amount of US$90 million (equal to RMB588,235) within a credit facility of US$160 million in 2017. These loans were all with a maturity of less than one year and the annual interest rates of these loans ranged from 2.0% to 3.0%. Term deposit of RMB1,000 million was pledged as collateral for the banking facilities of US$160 million. In 2018, the Group repaid the loans.

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- References

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- Definition

The entire disclosure for short-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

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