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Related Party Transactions | 9 Months Ended
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Sep. 30, 2020
Related Party Transactions [Abstract] |
Related Party Transactions | 15. Related Party Transactions During the nine months ended September 30, 2019 and 2020, other than disclosed elsewhere, the Company had the following material related party transactions:
Name of entity or individual |  | Relationships with the Group
NetEase Group |  | Control or under common control
(a) Transactions with related parties
|  | For the nine months ended September 30, |
|  | 2019 |  |  | 2020 |
|  | RMB |  |  | RMB |
Services and products provided to NetEase Group |  |  |  |  |  |  |  |
Learning services provided to NetEase Group |  |  | 1,494 |  |  |  | 3,492 |
Learning products provided to NetEase Group |  |  | 7,118 |  |  |  | 6,362 |
Online marketing services provided to NetEase Group |  |  | 20,488 |  |  |  | 13,785 |
Services and products purchased from NetEase Group |  |  |  |  |  |  |  |
Services purchased from NetEase Group |  |  | 52,200 |  |  |  | 121,124 |
Fixed assets and inventories purchased from NetEase Group |  |  | 18,222 |  |  |  | 1,843 |
Loan related transactions |  |  |  |  |  |  |  |
Interest expenses on short-term loans from NetEase Group |  |  | 22,379 |  |  |  | 23,369 |
Equity related transactions |  |  |  |  |  |  |  |
Deemed contribution related to acquisition of businesses under common control (Note 1) |  |  | 69,603 |  |  |  | — |
Share-based compensation under NetEase Plan |  |  | 3,183 |  |  |  | 2,177 |
Deemed distribution to NetEase |  |  | — |  |  |  | 2,060 |
Learning services provided to NetEase Group mainly refer to the translation services provided to the entities within NetEase Group. Learning products provided to NetEase Group mainly refer to the arrangements where entities within NetEase Group acts as the distributor to sell smart devices, the revenues of which are recognized upon the delivery to the customer. Online marketing services provided to NetEase Group mainly refer to the performance-based advertising arrangement provided to the entities within NetEase Group to promote their own services and products. Service purchased from NetEase Group mainly consists of the human resource which the employees are with employment contracts with the entities within NetEase Group but provide services to the Group, office leasing and purchase of server custody service. Deemed contribution related to acquisition of businesses under common control represents a contribution from NetEase Group. (b) Balances with related parties
|  | As of |
|  | December 31, |  |  | September 30, |
|  | 2019 |  |  | 2020 |
|  | RMB |  |  | RMB |
Amounts due from NetEase Group |  |  | 14,930 |  |  |  | 5,728 |
Amounts due to NetEase Group |  |  | 48,126 |  |  |  | 38,116 |
Short-term loans from NetEase Group |  |  | 878,000 |  |  |  | 878,000 |
Short-term loans as of December 31, 2019 and September 30, 2020 amounted to RMB878,000, respectively, which consisted of entrustment loans from NetEase Group through banks denominated in RMB. All of these loans were repayable within one year. The effective interest rate for the outstanding loans for the nine months ended September 30, 2019 and 2020 ranged from approximately 3.5% to 3.9% per annum. The interest expense was RMB22,379 and RMB23,369 for the nine months ended September 30, 2019 and 2020, respectively.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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