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Related Party Transactions
12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions
23. RELATED PARTY TRANSACTIONS

 

  a) Related parties *

 

Name of related parties

  

Relationship with the Company

aBitCool

   A company owned by the same group of the Company’s Class B ordinary shareholders (1)

Shanghai Shibei Hi-Tech Co., Ltd. (“SH Shibei”)

   Noncontrolling shareholder of a subsidiary

A PRC citizen

   Seller of iJoy

Mr. Li (4)

   Seller of Aipu Group

Dyxnet Internet Center Limited (“DIC”)

   A related party of the seller of Dermot Entities

Dyxnet Corporate Service Limited (“DCS”)

   A related party of the seller of Dermot Entities

Beijing Cheetah Mobile Technology Co., Ltd.
(“BJ Cheetah”) (2)

   A company controlled by principal shareholder of the Company

Beijing Kingsoft Cloud Network Technology Co., Ltd.
(“BJ Kingsoft”) (2)

   A company controlled by principal shareholder of the Company

Xiaomi Communication Technology Co., Ltd.
(“Xiaomi Communication”) (3)

   A company controlled by principal shareholder of the Company

Beijing Xiaomi Mobile Software Co., Ltd.
(“BJ Xiaomi”) (3)

   A company controlled by principal shareholder of the Company

Chengdu Xingpu Investment Management Co., Ltd.
(“CD Xingpu”) (4)

   A related party of the controlling shareholder of Aipu Group

Anlai Network Communication Technology Company Limited (“Anlai”)

   Seller of Dermot Entities

WNT Technology Limited (“WNT Technology”)

   A related party of seller of Dermot Entities

Chengdu Guotao Communication Co., Ltd
(“CD Guotao”) (4)

   A related party of the controlling shareholder of Aipu Group

Dyxnet Data Centre Services Limited(“DCSS”)

   A related party of seller of Dermot entities

Beijing Chengyishidai Network Engineering Technology Co., Ltd. (“CYSD”) (5)

   A company controlled by controlling shareholder of the Company

WiFire (Beijing) Technology Co., Ltd. (“WiFire BJ”) (5)

   A company controlled by controlling shareholder of the Company

Beijing Fastweb Network Technology Co., Ltd (“BJ Fastweb”) (5)

   A company controlled by controlling shareholder of the Company

Shanghai Fawei Technology Co., Ltd (“SH Fawei”) (5)

   A company controlled by controlling shareholder of the Company

Wuhan Fastweb Cloud Computing Co., Ltd (“WH Fastweb”) (5)

   A company controlled by controlling shareholder of the Company

Beijing Bozhi Ruihai Network Technology Co., Ltd. (“Bozhi Ruihai”) (5)

   A company controlled by controlling shareholder of the Company

Unisplendour Corporation Limited (“Unis”)

   A company controlled by controlling shareholder of the Company

 

* These are the related parties that have engaged in significant transactions with the Company for the year ended December 31, 2015, 2016 and 2017.
(1) There are certain shareholders (“Common Shareholders”) that are shareholders of both aBitCool and the Company. As of December 31, 2017, in terms of economic interests and voting power, the Common Shareholders’ ownership interests in the Company were 5.79% and 15.48% while their ownership interests in aBitCool was 90.14% in terms of both economic interests and voting power, based on the register of members of the Company. There is neither a single controlling shareholder nor a group of shareholders holding identical ownership interests individually and controlling ownership interests in aggregate in the Company and aBitCool.
(2) These companies and Kingsoft are ultimately controlled by the same party. Kingsoft made a significant investment in the Company in 2015 (note 27).
(3) These companies and Xiaomi are ultimately controlled by the same party. Xiaomi made a significant investment in the Company in 2015 (note 27).
(4) These entities ceased to be related parties immediately after the disposal of Aipu Group.
(5) These entities were disposed by the Company in September 2017, included in WiFire Entities, and determined by the Company as related parties as of December 31, 2017.

 

  b) Other than disclosed elsewhere, the Company had the following significant related party transactions for the years ended December 31, 2015, 2016 and 2017:

 

     For the years ended December 31,  
     2015      2016      2017  
     RMB      RMB      RMB      US$  

Services provided to:

           

- Xiaomi Communication

     27,144        113,458        214,555        32,976  

- WiFire BJ

     —          —          9,726        1,495  

- BJ Kingsoft

     7,969        19,471        8,046        1,237  

- BJ Xiaomi

     275        11,689        5,555        854  

- BJ Cheetah

     6,712        9,478        5,128        788  

- Others

     4,255        2,413        3,314        509  

Services provided by:

           

- BJ Kingsoft

     —          1,045        7,775        1,195  

- DCSS

     —          10,883        6,424        987  

- CYSD

     —          —          2,979        458  

- WiFire BJ

     —          —          1,616        248  

- Others

     20,023        9,178        2,632        405  

Sales of equipment and property to:

           

- BJ Fastweb

     —          —          1,021        157  

Purchases of equipment and property from:

           

- WNT Technology

     —          —          2,629        404  

- DIC

     —          3,079        1,234        190  

- CD Xingpu

     37,101        —          —          —    

Loan to:

           

- BJ Fastweb

     —          —          20,000        3,074  

Loan from:

           

- CD Guotao

     —          3,483        —          —    

Interest income from loan to:

           

- BJ Fastweb

     —          —          210        32  

Management service provided by:

           

- DCS

     16,602        —          —          —    

 

  c) The Company had the following related party balances as of December 31, 2016 and 2017:

 

     December 31,  
     2016      2017  
     RMB      RMB      US$  

Amounts due from related parties:

        

Current:

        

- Xiaomi Communication

     22,473        39,016        5,996  

- Seller of iJoy

     27,748        26,137        4,017  

- WiFire BJ

     —          15,321        2,355  

- SH Fawei

     —          10,332        1,588  

- SH Shibei

     9,800        9,800        1,506  

- BJ Kingsoft

     3,864        5,663        870  

- WH Fastweb

     —          4,600        707  

- Seller of Aipu Group

     98,500        —          —    

- CD Xingpu

     12,466        —          —    

- Others

     7,764        3,387        522  
  

 

 

    

 

 

    

 

 

 
     182,615        114,256        17,561  
  

 

 

    

 

 

    

 

 

 

Non-current:

        

- BJ Fastweb

     —          20,210        3,106  
  

 

 

    

 

 

    

 

 

 

Amounts due to related parties:

        

Current:

        

- Seller of iJoy

     38,131        39,068        6,005  

- Bozhi Ruihai

     —          9,358        1,438  

- CYSD

     —          3,618        556  

- BJ Kingsoft

     1,105        2,070        318  

- Seller of Managed Network Entities*

     47,755        —          —    

- Seller of Aipu Group

     30,000        —          —    

- CD Guotao

     3,483        —          —    

- Others

     1,454        1,561        240  
  

 

 

    

 

 

    

 

 

 
     121,928        55,675        8,557  
  

 

 

    

 

 

    

 

 

 

 

  * After the disposal of WiFire Entities, Seller of Managed Network Entities was not determined as a related party of the Company, the amount due to Seller of Managed Network Entities was reclassified into accrued expenses and other payables as of December 31, 2017.