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Related Party Transactions | 12 Months Ended
--- | ---
Dec. 31, 2021
Related Party Transactions |
Related Party Transactions | 19. 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
|  | ​
Wanjia Win-Win |  | Investee of Gopher Asset Management Co., Ltd. (“Gopher Assets”)
|  | ​
Zhejiang Vanke-Noah Asset Management Co., Ltd. (“Zhejiang Vanke”) |  | Investee of Gopher Assets
|  | ​
Shanghai Dingnuo Technology Co., Ltd. (“Dingnuo”) |  | Affiliate of shareholder of the Group
|  | ​
Investee funds of Gopher Assets |  | Investees of Gopher Assets, a consolidated VIE of the Group
|  | ​
Investee funds of Gopher Capital GP Ltd. |  | Investees of Gopher Capital GP Ltd., a subsidiary of the Group
​ | ​ | ​
Shanghai Noah Charity Fund | ​ | A charity fund established by the Group
​ ​ During the years ended December 31, 2019, 2020 and 2021, related party transactions were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31
​ | ​ | (Amount in Thousands)
​ | ​ | 2019 | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | RMB |  | RMB |  | RMB |  | US$
One-time commissions |  |  |  |  |  |  |  |
Investee funds of Gopher Assets |  | 240,808 |  | 129,823 |  | 140,522 | ​ | 22,051
Recurring service fees |  |  |  |  |  | ​ |  | ​
Investee funds of Gopher Assets |  | 1,009,568 |  | 927,611 |  | 871,618 | ​ | 136,776
Wanjia Win-Win |  | 688 |  | — |  | 463 |  | 73
Sequoia Capital Investment Management (Tianjin) Co., Ltd. |  | 15,759 |  | 12,411 |  | 26,488 | ​ | 4,157
Investee funds of Gopher Capital GP Ltd. |  | 313,612 |  | 302,431 |  | 323,691 | ​ | 50,794
Total recurring services fee |  | 1,339,627 |  | 1,242,453 |  | 1,222,260 | ​ | 191,800
Performance-based income |  |  |  |  |  | ​ |  | ​
Investee funds of Gopher Assets |  | 34,248 |  | 140,050 |  | 166,580 | ​ | 26,140
Investee funds of Gopher Capital GP Ltd. |  | 36,800 |  | 68,946 |  | 225,710 | ​ | 35,419
Zhejiang Vanke |  | 18,600 |  | — |  | — | ​ | —
Total performance-based income |  | 89,648 |  | 208,996 |  | 392,290 | ​ | 61,559
Other service fees |  | ​ |  | ​ |  | ​ |  | ​
Investee funds of Gopher Assets |  | 3,899 |  | 3,425 |  | 5,945 | ​ | 933
Investee funds of Gopher Capital GP Ltd. |  | — |  | 86 |  | — |  | —
Total other service fees |  | 3,899 |  | 3,511 |  | 5,945 | ​ | 933
Total |  | 1,673,982 |  | 1,584,783 |  | 1,761,017 | ​ | 276,343
​ As of December 31, 2020, and 2021, amounts due from related parties associated with the above transactions were comprised of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | (Amount in Thousands)
​ | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | RMB |  | RMB |  | US$
Investee funds of Gopher Assets |  | 433,936 |  | 303,280 | ​ | 47,591
Investee funds of Gopher Capital GP Ltd. |  | 46,039 |  | 97,378 | ​ | 15,281
Total |  | 479,975 |  | 400,658 | ​ | 62,872
​ As of December 31, 2020, and 2021, amounts due from related parties associated with loan distributed were comprised of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | (Amount in Thousands)
​ | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | RMB |  | RMB |  | US$
Investee funds of Gopher Assets |  | 27,226 |  | 18,850 | ​ | 2,958
Investee funds of Gopher Capital GP Ltd. |  | 12,977 |  | 31,881 | ​ | 5,003
Total |  | 40,203 |  | 50,731 | ​ | 7,961
​ The terms of the loans are due on demand and most of the loans are interest free. As of December 31, 2020, and 2021, deferred revenues related to the recurring management fee received in advance from related parties were comprised of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | (Amount in Thousands)
​ | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | RMB |  | RMB |  | US$
Investee funds of Gopher Assets |  | 35,820 |  | 16,373 | ​ | 2,569
Investee funds of Gopher Capital GP Ltd. |  | 1,653 |  | 738 | ​ | 116
Total |  | 37,473 |  | 17,111 | ​ | 2,685
​ During the years ended December 31, 2019, 2020 and 2021, donation made to Shanghai Noah Charity Fund were RMB1.2 million, RMB2.8 million and RMB3.5 million, respectively. During the years ended December 31, 2019, 2020 and 2021, the Group paid nil, RMB6.0 and RMB9.2 million as service fees to Dingnuo for development of an online mutual fund work station for the Group’s relationship managers and one-stop service platform for private equity fund managers, 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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