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Related Party Transactions | 12 Months Ended
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Dec. 31, 2014
Related Party Transactions | 15. 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
Beijing 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 Gopher Xin Equity Investment Partnership (Limited Partnership) and 9 other investee funds |  | Investees of Tianjin Gopher Asset Management Co., Ltd.
Chongqing Gopher Longmao Investment Center (Limited Partnership) and 3 other investee funds |  | Investees of Chongqing Gopher Longxin Equity Investment Management Co., Ltd, a subsidiary of the VIE of the Company
Wuhu Gopher Lanrui Investment Center (Limited Partnership) and 9 other investee funds |  | Investees of Shanghai Gopher Languang Investment Management Co., Ltd, a subsidiary of the VIE of the Company
Shanghai Gopher Hongyang Investment Center (Limited Partnership) and 20 other investee funds |  | Investees of Gopher Asset Management Co., Ltd.
Wuhu Gopher Zhengqian Investment Center (Limited Partnership) and 9 other investee funds |  | Investees of Wuhu Gopher Asset Management Co., Ltd, a subsidiary of the VIE of the Company
Gopher Fund I and 5 other investee funds |  | Fund managed by Gopher Capital GP Ltd., a subsidiary
Kunshan Jingzhaojiuguang Investment Center (Limited Partnership) and 6 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 Gopher Asset Management Co., Ltd.
Kunshan Vantone Zhengyuan Private Equity Fund Management Limited |  | Investee of Gopher Asset Management Co., Ltd.
Gopher investment Fund SPC |  | Fund managed by Gopher Capital GP Ltd., a subsidiary
Wanjia Win-Win Assets Management Co., Ltd. |  | Investee of Gopher Asset Management Co., Ltd.
Wuhu Bona Film Investment Management Limited |  | Investee of Gopher Asset Management Co., Ltd.
Hangzhou Wanlu Equity Investment Partnership (Limited Partnership) and 2 other investee funds |  | Investee funds of Hangzhou Vanke Investment Management Co., Ltd., a subsidiary of the VIE of the Company
Wuhu Gopher Zhengrui Investment Center (Limited Partnership) |  | Investees of Shanghai Gopher Zhengda Damuzhi Investment Management Co., Ltd, a VIE of the Company
Shanghai Gopher Shangken Investment Center (Limited Partnership) |  | Investees of Shanghai GopherAsset Management Co., Ltd, a VIE of the Company
Gopher Nuobao TOP 30 Hedge fund NO.1 and the other fund |  | Fund Managed by Gopher Nuobao (Shanghai) Asset Management Co., Ltd.,a subsidiary of the VIE of the Company
Gopher Investment Fund II SPC |  | Fund managed by Noah Holdings (HongKong) Limited., a subsidiary
Shanghai Yafu Investment Consulting Co., Ltd. |  | An investment vehicle of Noah’s employees
Shanghai Noah Charity Funds |  | Charity fund established by Shanghai Noah Rongyao Investment Consulting Co., Ltd., a subsidiary of the Company
During the years ended December 31, 2013 and 2014, significant related party transactions were as follows:
|  | Years Ended December 31 |
|  | 2012 |  |  | 2013 |  |  | 2014 |
|  | $ |  |  | $ |  |  | $ |
One-time commissions |  |  |  |  |  |  |  |  |  |  |  |
Investees of Shanghai Gopher Asset Management Co., Ltd., a VIE of the Company |  |  | — |  |  |  | — |  |  |  | 9,264,250 |
Investees of Gopher Asset Management Co., Ltd., a VIE of the Company |  |  | 3,866,439 |  |  |  | 2,161,933 |  |  |  | 5,093,514 |
Investees of Gopher Capital GP Ltd. |  |  | 159,257 |  |  |  | 20,004 |  |  |  | 3,502,034 |
Fund Managed by Gopher Nuobao (Shanghai) Asset Management Co., Ltd., a subsidiary of the VIE of the Company |  |  | — |  |  |  | — |  |  |  | 2,738,586 |
Wanjia Win-Win Assets Management Co., Ltd. |  |  | — |  |  |  | 433,024 |  |  |  | 2,224,784 |
Investees of Wuhu Gopher Asset Management Co., Ltd., a VIE of the Company |  |  | 1,226,227 |  |  |  | 5,570,754 |  |  |  | 2,168,853 |
Investees of Shanghai Gopher Languang Investment Management Co., Ltd., a VIE of the Company |  |  | 819,199 |  |  |  | 3,489,082 |  |  |  | 1,106,637 |
Investees of Shanghai Gopher Zhengda Damuzhi Investment Management Co., Ltd., a VIE of the Company |  |  | — |  |  |  | — |  |  |  | 582,521 |
Hangzhou Sequoia Heyuan Capital Investment Fund (Limited Partnership) |  |  | 1,024,790 |  |  |  | 131,164 |  |  |  | 513,558 |
Sequoia Capital Investment Management (Tianjin) Co., Ltd. |  |  | 218,860 |  |  |  | 127,965 |  |  |  | 481,461 |
Investee funds of Hangzhou Vanke Investment Management Co., Ltd. |  |  | — |  |  |  | 5,077,871 |  |  |  | 427,429 |
Shareholder transactions |  |  | — |  |  |  | — |  |  |  | 426,154 |
Investee of Tianjin Gopher Asset Management Co., Ltd., a VIE of the Company |  |  | 645,699 |  |  |  | 31,991 |  |  |  | 403,099 |
Investee funds of Kunshan Jingzhao Equity Investment Management Limited |  |  | 215,657 |  |  |  | 717,565 |  |  |  | 248,201 |
Gopher RE Credit Fund SP |  |  | — |  |  |  | — |  |  |  | 123,847 |
Shaoxing Sequoia Huiyuan Capital Investment Fund (Limited Partnership) |  |  | 411,614 |  |  |  | 359,671 |  |  |  | 16,049 |
Shareholder transactions |  |  | — |  |  |  | 21,906 |  |  |  | 1,604 |
Wuhu Bona Film Investment Management Limited |  |  | — |  |  |  | 1,037,354 |  |  |  | — |
Investee funds of Chongqing Gopher Longxin Equity Investment Management Co., Ltd. |  |  | 748,914 |  |  |  | 807,242 |  |  |  | — |
Gopher investment Fund SPC |  |  | — |  |  |  | 761,105 |  |  |  | — |
Financial products invested by the Group and affiliates |  |  | 55,475 |  |  |  | 92,962 |  |  |  | — |
Recurring services fee |  |  |  |  |  |  |  |  |  |  |  |
Investees of Gopher Asset Management Co., Ltd., a VIE of the Company |  |  | 2,504,815 |  |  |  | 11,827,050 |  |  |  | 15,790,524 |
Wanjia Win-Win Assets Management Co., Ltd. |  |  | — |  |  |  | 5,047,542 |  |  |  | 15,333,971 |
Investees of Wuhu Gopher Asset Management Co., Ltd., a VIE of the Company |  |  | 191,757 |  |  |  | 10,665,773 |  |  |  | 12,925,380 |
Investees of Shanghai Gopher Asset Management Co., Ltd., a VIE of the Company |  |  | — |  |  |  | — |  |  |  | 10,276,509 |
Sequoia Capital Investment Management (Tianjin) Co., Ltd. |  |  | 6,407,642 |  |  |  | 8,385,120 |  |  |  | 8,546,576 |
Investee funds of Hangzhou Vanke Investment Management Co., Ltd. |  |  | — |  |  |  | 3,151,268 |  |  |  | 6,058,713 |
Investees of Gopher Captial GP Ltd. |  |  | 14,002 |  |  |  | 34,003 |  |  |  | 5,091,211 |
Investee of Tianjin Gopher Asset Management Co., Ltd., a VIE of the Company |  |  | 3,622,393 |  |  |  | 3,876,955 |  |  |  | 4,082,036 |
Investees of Shanghai Gopher Languang Investment Management Co., Ltd., a VIE of the Company |  |  | 459,439 |  |  |  | 4,885,604 |  |  |  | 3,301,240 |
Investee funds of Kunshan Jingzhao Equity Investment Management Limited |  |  | 2,111,583 |  |  |  | 2,742,184 |  |  |  | 2,552,337 |
Investees of Chongqing Gopher Longxin Equity Investment Management Co., Ltd., a VIE of the Company |  |  | 268,632 |  |  |  | 2,893,066 |  |  |  | 1,675,845 |
Investees of Shanghai Gopher Investment Management Co., Ltd., a VIE of the Company |  |  | — |  |  |  | — |  |  |  | 1,283,681 |
Wuhu Bona Film Investment Management Co., Ltd. |  |  | — |  |  |  | 331,157 |  |  |  | 1,142,560 |
Hangzhou Sequoia Heyuan Capital Investment Fund (Limited Partnership) |  |  | — |  |  |  | — |  |  |  | 906,687 |
Beijing Sequoia Heyuan Capital Investment Fund (Limited Partnership) |  |  | — |  |  |  | — |  |  |  | 850,019 |
Investees of Shanghai Gopher Zhengda Damuzhi Investment Management Co., Ltd., a VIE of the Company |  |  | — |  |  |  | — |  |  |  | 798,399 |
Fund Managed by Gopher- Nuobao (Shanghai) Asset Management Co., Ltd., a subsidiary of the VIE of the Company |  |  | — |  |  |  | — |  |  |  | 184,414 |
Shareholder transactions |  |  | — |  |  |  | — |  |  |  | 59,481 |
Investees of Noah Holdings (Hong Kong) Limited |  |  | — |  |  |  | — |  |  |  | 25,260 |
Investees of Gopher Asset Management Co., Ltd., a subsidiary of the VIE of the Company |  |  | — |  |  |  | — |  |  |  | 513 |
Financial products invested by the Group and affiliates |  |  | 1,010,330 |  |  |  | 1,140,375 |  |  |  | 313 |
Gopher investment Fund SPC |  |  | — |  |  |  | 528,338 |  |  |  | — |
Other service fee |  |  |  |  |  |  |  |  |  |  |  |
Investees of Gopher Asset Management Co., Ltd., a VIE of the Company |  |  | — |  |  |  | — |  |  |  | 10,607,614 |
Investees of Shanghai Gopher Languang Investment Management Co., Ltd., a VIE of the Company |  |  | — |  |  |  | 561,458 |  |  |  | 1,145,515 |
Wanjia Win-Win Assets Management Co., Ltd. |  |  | — |  |  |  | 82,275 |  |  |  | 756,696 |
Investees of Shanghai Gopher Asset Management Co., Ltd., a VIE of the Company |  |  | — |  |  |  | — |  |  |  | 48,654 |
Fund Managed by Gopher- Nuobao (Shanghai) Asset Management Co., Ltd., a subsidiary of the VIE of the Company |  |  | — |  |  |  | — |  |  |  | 11,294 |
Investee funds of Hangzhou Vanke Investment Management Co., Ltd. |  |  | — |  |  |  | — |  |  |  | 10,225 |
Shareholder transactions |  |  | — |  |  |  | — |  |  |  | 2,541 |
Yiwu Xinguang Equity Investment Fund Management Co., Ltd. |  |  | — |  |  |  | — |  |  |  | 1,504 |
Investee funds of Kunshan Jingzhao Equity Investment Management Limited |  |  | — |  |  |  | — |  |  |  | 1,299 |
Investees of Wuhu Gopher Asset Management Co., Ltd., a VIE of the Company |  |  |  |  |  |  | 336,107 |  |  |  |  |
Total |  |  | 25,982,724 |  |  |  | 77,329,868 |  |  |  | 132,793,592 |
As of December 31, 2013 and 2014, amounts due from related parties associated with the above transactions were comprised of the following:
|  | As of December 31, |
|  | 2013 |  |  | 2014 |
|  | $ |  |  | $ |
Wanjia Win-Win Assets Management Co., Ltd. |  |  | 3,005,600 |  |  |  | 8,330,419 |
Investee funds of Wuhu Gopher Asset Management Co., Ltd. |  |  | 856,879 |  |  |  | 3,731,866 |
Investee funds of Gopher Capital GP |  |  | 738,725 |  |  |  | 3,535,483 |
Investee funds of Kunshan Jingzhao Equity Investment Management Co., Ltd. |  |  | 2,704,988 |  |  |  | 3,264,336 |
Investee funds of Shanghai Gopher Languang Investment Management Co., Ltd. |  |  | 729,933 |  |  |  | 2,244,540 |
Investee funds of Gopher Asset Management Co., Ltd. |  |  | — |  |  |  | 1,494,061 |
Investee funds of Hangzhou Vanke Investment Management Co., Ltd. |  |  | 778,562 |  |  |  | 1,054,369 |
Investee funds of Gopher Nuobao Asset Management Co., Ltd. |  |  | — |  |  |  | 174,865 |
Investee funds of Chongqing Gopher Longxin Equity Investment Management Co., Ltd. |  |  | 1,082 |  |  |  | 1,057 |
Investee funds of Shanghai Nuobang Asset Management Co., Ltd. |  |  | — |  |  |  | 280 |
Yiwu Xinguang Equity Investment Fund Management Co., Ltd. |  |  | — |  |  |  | 7,254,174 |
Investee funds of Tianjin Gopher Investment Management Co., Ltd. |  |  | 109,055 |  |  |  | 98 |
Total |  |  | 8,924,824 |  |  |  | 31,085,548 |
As of December 31, 2013 and 2014, deferred revenues related to the recurring management fee received in advance from related parties were comprised of the following:
|  | As of December 31, |
|  | 2013 |  |  | 2014 |
|  | $ |  |  | $ |
Investee funds of Shanghai Gopher Languang Investment Management Co., Ltd. |  |  | 292,272 |  |  |  | 5,189,571 |
Investee funds of Wuhu Gopher Investment Management Co., Ltd. |  |  | 924,018 |  |  |  | 2,881,465 |
Wanjia Win-Win Assets Management Co., Ltd. |  |  | 1,774,667 |  |  |  | 2,624,558 |
Investee funds of Gopher Asset Management Co., Ltd. |  |  | 1,100,107 |  |  |  | 671,541 |
Investee funds of Hangzhou Vanke Investment Management Co., Ltd. |  |  | 2,130,255 |  |  |  | 559,587 |
Investee funds of Kunshan Jingzhao Equity Investment Management Co., Ltd. |  |  | 201,902 |  |  |  | 643,641 |
Investee funds of Gopher Nuobao Asset Management Co., Ltd. |  |  | — |  |  |  | 383,320 |
Investee funds of Chongqing Gopher Longxin Equity Investment Management Co., Ltd. |  |  | 236,586 |  |  |  | 337,917 |
Investee funds of Gopher Capital GP |  |  | 576,937 |  |  |  | 135,281 |
Sequoia Capital Investment Management (Tianjin) Co., Ltd. |  |  | 1,950,347 |  |  |  | — |
Total |  |  | 9,187,091 |  |  |  | 13,426,881 |
Shanghai Yafu Investment Consulting Co., Ltd., an investment vehicle of Noah’s employees, acquired 10% of equity interests in four subsidiaries of the Group upon formation of the entities. The subsidiaries invested and the respective purchase price is listed as below.
Company Name |  | RMB |  |  | $ |
Noah Ark (Shanghai) Financial Service Co., Ltd. |  |  | 5,000,000 |  |  |  | 805,854 |
Shanghai Noah Yijie Finance Technology Co., Ltd. |  |  | 3,000,000 |  |  |  | 483,512 |
Shanghai Noah Jintong Data Services Co., Ltd. |  |  | 3,000,000 |  |  |  | 483,512 |
Enoch Education Training (Shanghai) Co., Ltd. |  |  | 1,000,000 |  |  |  | 161,171 |
Total |  |  | 12,000,000 |  |  |  | 1,934,049 |
During the year ended December 31, 2013 and 2014, donation made to Shanghai Noah Charity Fund were nil and $2.4 million.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -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 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 + Details
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