Prepayments and Others and Assets (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of prepayments and other current assets


	As of December 31,
	2016		2017
	RMB		RMB		US$
Other receivables from advertisers		212,592		391,041		60,102
Receivable from equity transferees		33,564		167,185		25,696
VAT prepayments		157,048		159,199		24,468
Receivable from third party payment platform		37,057		65,765		10,108
Inventory		999		26,761		4,113
Prepaid expenses		24,757		22,484		3,456
Loan to a third party (i)		—		22,000		3,381
Advances to suppliers		50,088		15,330		2,356
Others		55,201		48,478		7,451

Total		571,306		918,243		141,131

(i)

On December 28, 2017, the Group made a convertible loan investment of RMB22,000 (US$3,381) to a third-party retail company. The conversion features and the put option were considered as embedded derivatives that do not meet the criteria to be bifurcated and were accounted for together with the loan receivable. In accordance with ASC 810, Consolidation, the third-party retail company is a variable interest entity, as it does not have sufficient equity at risk to fully fund the construction of all assets required for principal operations. As of December 31, 2017, the Group’s maximum exposure to loss as a result of its involvement with the third-party retail company was RMB30,839 (US$4,740), which also equals to the carrying amount of the convertible loan and advance. The Group is not considered as the primary beneficiary, as it does not has power to direct the activities of the third-party retail company that most significantly impact its economic performance.