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Related Party Transactions
 12 Months Ended
Dec. 31, 2012
Related Party Transactions

14. Related Party Transactions

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control or common significant influence. Related parties may be individuals or corporate entities.

The table below sets forth major related parties and their relationships with the Group:

Company Name

Relationship with the Group

Sequoia Capital Investment Management (Tianjin) Co., Ltd.

Affiliate of shareholder of the Group

Hangzhou Sequoia Heyuan Capital Investment Fund (Limited Partnership)

Affiliate of shareholder of the Group

Shaoxing Sequoia Huiyuan Capital Investment Fund (Limited Partnership)

Affiliate of shareholder of the Croup

Tianjin Gefeixin Equity Investment Partnership (Limited Partnership)
and 9 other investee funds

Investees of Tianjin Gefei Asset Management Co., Ltd., a VIE of the Company

Chongqing Gefeilongmao Investment Center (Limited Partnership)
and 3 other investee funds

Investees of Chongqing Gefei Longxin Equity Investment Management Co., Ltd, a VIE of the Company

Wuhu Gefeilanrui Investment Center (Limited Partnership)
and 3 other investee funds

Investees of Shanghai Gefei Languang Investment Management Co., Ltd, a VIE of the Company

Shanghai Gefeihongyang Investment Center (Limited Partnership)
and 20 other investee funds

Investees of Gefei Asset Management Co., Ltd., a VIE of the Company

Wuhu Gefeizhengqian Investment Center (Limited Partnership)
and 9 other investee funds

Investees of Wuhu Gefei Asset Management Co., Ltd, a VIE of the Company

Gopher Fund I

Fund managed by Gopher Capital GP Ltd., a subsidiary of the Company

Kunshan Jingzhaojiuguang Investment Center (Limited Partnership)
and 4 other investee funds

Investees of Kunshan Jingzhao Equity Investment Management Limited, an affiliate of the Company

Kunshan Jingzhao Equity Investment Management Limited

Investee of Tianjin Gefei Asset Management Co., Ltd, a VIE of the Company

Kunshan Vantone Zhengyuan Private Equity Fund Management Limited

Investee of Gefei Asset Management Co., Ltd, a VIE of the Company

During the years ended December 31, 2010, 2011 and 2012, significant related party transactions were as follows:

Years Ended December 31
2010 2011 2012
$ $ $

One-time commissions

Investee funds of Gefei Asset Management Co., Ltd.

 — — 3,866,439

Investee funds of Wuhu Gefei Asset Management Co., Ltd.

 — — 1,226,227

Hangzhou Sequoia Heyuan Capital Investment Fund (Limited Partnership)

 — — 1,024,790

Investee funds of Shanghai Gefei Languang Investment Management Co., Ltd.

 — — 819,199

Investee funds of Chongqing Gefei Longxin Equity Investment Management Co., Ltd .

 — — 748,914

Investee funds of Tianjin Gefei Asset Management Co., Ltd.

 1,698,949 594,592 645,699

Shaoxing Sequoia Huiyuan Capital Investment Fund (Limited Partnership)

 — — 411,614

Investee funds of Kunshan Jingzhao Equity Investment Management Limited

 — 1,987,969 215,657

Gopher Fund I

 — — 159,257

Sequoia Capital Investment Management (Tianjin) Co., Ltd

 4,471,209 410,755 218,860

Financial products invested by the Group and affiliates

 313,473 1,044,942 55,475

Recurring services fee

Sequoia Capital Investment Management (Tianjin) Co., Ltd.

 2,076,936 5,947,099 6,407,642

Investee funds of Tianjin Gefei Asset Management Co., Ltd.

 331,414 1,550,151 3,622,393

Investee funds of Gefei Asset Management Co., Ltd.

 — — 2,504,815

Investee funds of Kunshan Jingzhao Equity Investment Management Limited

 — 522,800 2,111,583

Investee funds of Shanghai Gefei Languang Investment Management Co., Ltd.

 — — 459,439

Investee funds of Chongqing Gefei Longxin Equity Investment Management Co., Ltd .

 — — 268,632

Investee funds of Wuhu Gefei Asset Management Co., Ltd.

 — — 191,757

Gopher Fund I

 — — 14,002

Financial products invested by the Group and affiliates

 176,688 665,769 1,010,330

Total

 9,068,669 12,724,077 25,982,724

As of December 31, 2011 and 2012, amounts due from related parties associated with the above transactions were comprised of the following:

As of December 31,
2011 2012
$ $

Investee funds of Gefei Asset Management Co., Ltd.

 — 1,609,533

Investee funds of Wuhu Gefei Asset Management Co., Ltd.

 — 1,546,260

Investee funds of Kunshan Jingzhao Equity Investment Management Limited

 1,556,873 634,910

Investee funds of Tianjin Gefei Asset Management Co., Ltd.

 175,595 297,190

Investee funds of Shanghai Gefei Languang Investment Management Co., Ltd.

 — 191,677

Gopher GP I

 — 189,451

Shaoxing Sequoia Huiyuan Capital Investment Fund (Limited Partnership)

 — 22,472

Investee funds of Chongqing Gefei Longxin Equity Investment Management Co., Ltd.

 — 1,030

Others

 1,937 —

Total

 1,734,405 4,492,523