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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of income (loss) before income taxes

		Year ended December 31,
		2015				2016				2017
		RMB				RMB				RMB				US$
PRC			154,095				(54,764	)			242,820				37,321
Non-PRC			84,282				(14,132	)			1,190,445				182,967
Total			238,377				(68,896	)			1,433,265				220,288

Schedule of current and deferred portions of income tax expenses (benefits)

		Year ended December 31,
		2015				2016				2017
		RMB				RMB				RMB				US$
Current income tax expenses			70,820				41,243				82,908				12,742
Deferred income tax benefits			(7,080	)			(53,432	)			(25,306	)			(3,889	)
Income tax expenses (benefits) for the year			63,740				(12,189	)			57,602				8,853

Reconciliation of the differences between the statutory tax rate and the effective tax rate for enterprise income tax

A reconciliation of the differences between the statutory tax rate and the effective tax rate for enterprise income tax is as follows:

		Year ended December 31,
		2015				2016				2017
		RMB				RMB				RMB				US$
Income (loss) before income tax			238,377				(68,896	)			1,433,265				220,288
Income tax expense (benefit) computed at the PRC statutory tax rate of 25%			59,594				(17,224	)			358,316				55,072
Effect of different tax rates in different jurisdictions			(21,538	)			(18,988	)			(119,565	)			(18,376	)
Effect of tax holiday and preferential tax rates			(35,434	)			(20,969	)			(80,671	)			(12,399	)
Research and development super-deduction			(47,179	)			(54,081	)			(50,223	)			(7,719	)
Non-taxable income(i)			(251	)			(6,484	)			(188,139	)			(28,916	)
Non-deductible expenses(ii)			84,599				81,569				71,039				10,918
Effect of change in tax rate			1,464				5,009				7,279				1,119
Outside basis difference on investment in VIEs			11,378				(2,847	)			9,808				1,507
Withholding tax and others			6,160				10,962				18,149				2,789
Changes in valuation allowance			4,947				10,864				31,609				4,858
Income tax expenses (benefits)			63,740				(12,189	)			57,602				8,853

(i) Non-taxable income mainly consist of gains on disposal of subsidiaries and long-term investments that are not subject to tax under the tax laws of different jurisdictions.

(ii) Non-deductible expenses mainly consist of share-based compensation expenses, entertainments and other expenses that are not allowed to be deducted under the tax laws of different jurisdictions.

Schedule of deferred tax assets and deferred tax liabilities

Deferred taxes were measured using the enacted tax rates for the periods in which the temporary differences are expected to be reversed. The tax effects of temporary differences that give rise to the deferred tax balances as of December 31, 2016 and 2017 are as follows:

		As of December 31,
		2016				2017
		RMB				RMB				US$
Deferred tax assets, current portion:
Deferred revenue			646				—				—
Provision for doubtful debts			8,495				—				—
Tax loss carry forward			263				—				—
Accrued expenses			2,767				—				—
Government subsidies			2,354				—				—
Others			1,173				—				—
Less: Valuation allowance			171				—				—
Current deferred tax assets			15,527				—				—
Deferred tax assets, non-current portion:
Deferred revenue			1,566				1,924				296
Provision for doubtful debts			—				8,132				1,250
Intangible assets and accrued expense			6,560				6,653				1,022
Equity investment loss			10,725				16,160				2,484
Tax loss carry forward			84,824				93,295				14,339
Share-based compensation			11,206				1,056				162
Government subsidies			—				1,647				253
Others			1,145				758				117
Less: Valuation allowance			41,217				71,983				11,064
Non-current deferred tax assets			74,809				57,642				8,859
Deferred tax liabilities, non-current portion:
Long-lived assets arising from business acquisitions			54,176				5,324				818
Outside basis difference on investment in VIEs			58,262				68,069				10,462
Non-current deferred tax liabilities			112,438				73,393				11,280

Reconciliation of the beginning and ending amount of unrecognized tax benefit

A reconciliation of the beginning and ending amount of unrecognized tax benefit is as follows:

		2016				2017
		RMB				RMB				US$
Balance at January 1			46,615				61,557				9,461
Additions based on tax positions related to current year			15,447				3,004				462
Reversal based on tax positions related to prior years			(505	)			(1,309	)			(201	)
Balance at December 31			61,557				63,252				9,722

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: 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.(h)(1)(i))
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Tabular disclosure of the change in unrecognized tax benefits.

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-URI http://asc.fasb.org/extlink&oid=96868398&loc=d3e36027-109320

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