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ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2015

ORGANIZATION AND PRINCIPAL ACTIVITIES

Schedule of percentage of ownership in subsidiaries, its VIEs and its equity investees

Details of the Company’s principal subsidiaries, VIEs, a VIE’s subsidiary as of December 31, 2015 are as follows:

Company		Date of incorporation/ registration		Place of incorporation/ registration		Percentage of ownership		Principal activities
Subsidiaries of the Company:
Cheetah Technology Corporation Limited (“Cheetah Technology”)		August 26, 2009		Hong Kong		100%		Investment holding, provision of online advertising services and provision of online games publishing services.
Zhuhai Juntian Electronic Technology Co., Ltd. (“Zhuhai Juntian”)		September 28, 2000		The PRC		100%		Investment holding, research and development and provision of internet security services
Beijing Kingsoft Internet Security Software Co., Ltd. (“Beijing Security”)		November 30, 2009		The PRC		100%		Provision of internet security services and research and development of online applications
Conew.com Corporation (“Conew”)		October 6, 2008		British Virgin Islands (“BVI”)		100%		Investment holding
Conew Network Technology (Beijing) Co., Ltd. (“Conew Network”)		March 19, 2009		The PRC		100%		Research and development of mobile applications and provision of online marketing services
Cheetah Mobile America, Inc. (“Cheetah Mobile America”)		November 28, 2012		United States		100%		Provision of mobile marketing and value-added services
Hongkong Zoom Interactive Network Marketing Technology Limited (“HK Zoom”)		July 4, 2014		Hong Kong		100%		Provision of online marketing services
Hong Kong Youloft Technology Limited (“Youloft HK”)		August 1, 2014		Hong Kong		51.9%		Provision of online marketing services
Chongqing Calendar Technology Co., Ltd. (“Calendar”)		December 3, 2014		The PRC		100%		Provision of online marketing services
Hongkong Cheetah Mobile Technology Limited (“Hongkong”)		March 9, 2015		Hong Kong		100%		Investment holding
Cheetah Information Technology Company Limited (“Cheetah Information”)		March 9, 2015		Hong Kong		100%		Investment holding
Beijing Kingsoft Cheetah Technology Co., Ltd. (“Kingsoft Cheetah”)		April 30, 2015		The PRC		100%		Research and development of mobile applications and provision of online marketing services
MobPartner S.A.S. (“MobPartner”)		February 23, 2010		France		100%		Provision of online marketing services
MobPartner Inc.		September 20, 2013		United States		100%		Provision of online marketing services
MobPartner UK Limited		July 8, 2014		United Kingdom		100%		Provision of online marketing services
Moxiu Technology (Beijing) Co., Ltd (“Moxiu Technology”)		June 12, 2008		The PRC		52.10%		Provision of mobile application development
Beijing Antutu Technology Co., Ltd. (iii)		June 14,2013		The PRC		100%		Research and development of mobile applications
Guangzhou Kingsoft Network Technology Co., Ltd. (iii)		September 1, 2013		The PRC		100%		Research and development of mobile applications
VIEs
Beijing Conew Technology Development Co., Ltd. (“Beijing Conew”)		December 22, 2005		The PRC		Nil		Dormant
Beijing Cheetah Mobile Technology Co., Ltd.(“Beijing Mobile”) (i)		April 15, 2009		The PRC		Nil		Provision of online marketing services
Beijing Cheetah Network Technology Co., Ltd. (“Beijing Network”) (ii)		July 18, 2012		The PRC		Nil		Provision of internet value-added services
Subsidiary of VIE
Suzhou Jiangduoduo Technology Co., Ltd. (“Suzhou JDD”)		January 8, 2014		The PRC		75%		Provision of online lottery sales services

(i) On August 10, 2015, Beike (Beijing) Security Technology Co., Ltd. was renamed as Beijing Mobile.

(ii) On August 10, 2015, Beijing Kingsoft Network Technology Co., Ltd. was renamed as Beijing Network.

(iii) On October 13, 2015 and October 19, 2015, respectively, the VIE contractual arrangements with respect of Beijing Antutu and Guangzhou Network were terminated. As a result, Beijing Antutu and Guangzhou Network became the wholly-owned subsidiaries of Beijing Security. The termination of VIE contractual arrangements had no impact on the Company’s operations and consolidated financial statements as both Beijing Aututu and Guangzhou Network were consolidated by the Company prior to and after the termination.

Schedule of carrying amounts and classifications of the assets and liabilities of the VIEs

		As of December 31,
		2014		2015
		RMB		RMB		US$
Cash and cash equivalents		69,702		148,161		22,872
Accounts receivable		125,909		204,798		31,615
Prepayments and other current assets		40,702		148,896		22,986
Due from related parities		224,776		134,349		20,740
Total current assets		461,089		636,204		98,213
Property and equipment , net		35,026		52,114		8,045
Intangible assets, net		32,323		5,864		905
Goodwill		24,708		962		149
Investment in equity investees		52,778		49,442		7,633
Other long term investments		120,000		125,265		19,338
Other non-current assets		5,932		4,396		677
Total non-current assets		270,767		238,043		36,747
Total assets		731,856		874,247		134,960
Accounts payable		37,818		62,745		9,686
Accrued expenses and other current liabilities		95,809		139,927		21,601
Deferred revenue		34,225		29,296		4,523
Due to related parties (i)		422,673		523,781		80,858
Total current liabilities		590,525		755,749		116,668
Other non-current liabilities		2,828		2,160		333
Total non-current liabilities		2,828		2,160		333
Total liabilities		593,353		757,909		117,001

(i) As of December 31, 2014 and 2015, the balances due to related parties of the VIEs and a VIE’s subsidiary mainly represented amounts due to subsidiaries of the Group of RMB411,212 and RMB478,385 (US$73,850), respectively, which were eliminated upon consolidation by the Company.

Schedule of financial performance and cash flows of the VIEs

		Year ended December 31,
		2013		2014		2015
		RMB		RMB		RMB		US$
Revenues		682,250		1,536,443		1,817,642		280,596
Cost of revenues		167,138		596,371		1,338,932		206,695
Net income(loss)		77,207		13,847		(43,325	)	(6,688	)
Net cash provided by operating activities		102,861		188,513		110,090		16,995
Net cash used in investing activities		(22,814	)	(267,346	)	(31,043	)	(4,792	)
Net cash provided by (used in) financing activities		13,000		6,750		(588	)	(91	)

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A tabular presentation of the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates, as prescribed by the SEC. It reflects specified information about ownership, financial results from, and financial position in such entities. Includes the tabular presentations that disaggregate investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates.

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Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
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