Parent Company Only Condensed Financial Information (Tables) - Parent Company

12 Months Ended

Dec. 31, 2017

Condensed

balance sheets


	Note			As of December 31,
				2016			2017
				RMB			RMB			US$
ASSETS
Current assets
Cash and cash equivalents					596,871			845,632			129,971
Restricted cash					1,759,726			71,412			10,976
Short-term investments					277,946			548,873			84,360
Prepaid expenses and other current assets					103,271			131,834			20,263
Amount due from a related party		(b	)		97,748			26,137			4,017
Amount due from subsidiaries		(b	)		3,208,620			4,285,743			658,707

Total current assets					6,044,182			5,909,631			908,294

Non-current assets
Investments in subsidiaries					2,133,242			1,259,455			193,575

Total non-current assets					2,133,242			1,259,455			193,575

Total assets					8,177,424			7,169,086			1,101,869

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accrued expenses and other payables					38,599			70,504			10,837
Short-term bank borrowings					1,500,000			—			—
Account payables					10,672			6,351			976
Interest payable					5,759			56,809			8,731
Amount due to related parties		(b	)		68,131			39,068			6,005
Amount due to subsidiaries		(b	)		9,732			17,613			2,707
Bonds payable		(d	)		419,316			11,139			1,712

Total current liabilities					2,052,209			201,484			30,968

Non-current liabilities
Bonds payable		(d	)		—			1,918,069			294,802

Total non-current liabilities					—			1,918,069			294,802

Total liabilities					2,052,209			2,119,553			325,770

Shareholders’ equity:
Class A Ordinary shares (par value of US$0.00001 per share; 1,200,000,000 and 1,200,000,000 shares authorized; 505,207,968 and 496,636,128 shares issued and outstanding as of December 31, 2016 and 2017, respectively)					33			34			5
Class B Ordinary shares (par value of US$0.00001 per share; 300,000,000 and 300,000,000 shares authorized; 174,649,638 and 174,649,638 shares issued and outstanding as of December 31, 2016 and 2017, respectively)					12			12			2
Additional paid-in capital					9,015,846			8,980,407			1,380,263
Accumulated other comprehensive income (loss)					118,290			(2,673	)		(411	)
Accumulated deficit					(2,804,409	)		(3,590,564	)		(551,859	)
Treasury stock					(204,557	)		(337,683	)		(51,901	)

Total shareholders’ equity					6,125,215			5,049,533			776,099

Total liabilities and shareholders’ equity					8,177,424			7,169,086			1,101,869

Condensed Statements of Operations

Condensed

statements of operations


	For the year ended December 31,
	2015			2016			2017
	RMB			RMB			RMB			US$
Operating Expenses
General and administrative expenses		(166,662	)		(124,450	)		(145,890	)		(22,423	)
Changes in the fair value of contingent purchase consideration payables		(43,325	)		93,307			(937	)		(144	)

Operating loss		(209,987	)		(31,143	)		(146,827	)		(22,567	)
Other income		(152,100	)		(169,915	)		(95,210	)		(14,634	)
Share of losses from subsidiaries and Consolidated VIEs		(66,012	)		(432,540	)		(530,693	)		(81,566	)

Loss before income taxes		(428,099	)		(633,598	)		(772,730	)		(118,767	)
Income tax expense		—			—			—			—

Net loss		(428,099	)		(633,598	)		(772,730	)		(118,767	)

Condensed Statements of Comprehensive Loss

Condensed statements of comprehensive loss


	For the year ended December 31,
	2015			2016			2017
	RMB			RMB			RMB			US$
Net loss		(428,099	)		(633,598	)		(772,730	)		(118,767	)
Other comprehensive income (loss), net of tax of nil:
Foreign currency translation adjustments, net of tax of nil		41,518			142,526			(120,963	)		(18,592	)

Other comprehensive income (loss), net of tax of nil:		41,518			142,526			(120,963	)		(18,592	)

Comprehensive loss		(386,581	)		(491,072	)		(893,693	)		(137,359	)

Comprehensive loss attributable to the Company’s ordinary shareholders		(386,581	)		(491,072	)		(893,693	)		(137,359	)

Condensed Statements of Cash Flows

Condensed statements of cash flows


	For the year ended December 31,
	2015			2016			2017
	RMB			RMB			RMB			US$
Net cash used in operating activities		(26,621	)		(78,567	)		(18,324	)		(2,816	)
Net cash used in investing activities		(977,300	)		(617,613	)		(1,291,042	)		(198,430	)
Net cash generated from financing activities		1,798,230			494,851			1,558,127			239,480

Net increase(decrease) in cash and cash equivalents		794,309			(201,329	)		248,761			38,234
Cash and cash equivalents at beginning of the year		3,891			798,200			596,871			91,737

Cash and cash equivalents at end of the year		798,200			596,871			845,632			129,971