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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Schedule of share-based compensation expense by function

Total share-based compensation expenses recorded by the Group are as follows:

 

     Years ended December 31,  
     2015      2016      2017  
     RMB      RMB      RMB      US$  

Cost of revenues

     1,523        1,490        762        117  

Research and development

     142,777        148,211        20,691        3,180  

Selling and marketing

     18,206        13,830        39        6  

General and administrative

     153,234        142,618        51,824        7,965  
  

 

 

    

 

 

    

 

 

    

 

 

 
     315,740        306,149        73,316        11,268  
  

 

 

    

 

 

    

 

 

    

 

 

 
2014 Restricted Share Plan  
Restricted shares activity
     Number of
shares
    Weighted
Average Exercise
Price
(US$)
     Weighted
Average
Grant Date
Fair Value
(US$)
     Weighted
Average
Remaining
Contractual
Term (Years)
     Aggregate
Intrinsic
Value (US$)
 

Outstanding at January 1, 2017

     50,865,930       0.31        1.37        7.31        32,839  

Granted

     13,848,890       0.34        0.78        

Forfeited

     (26,612,224     0.31        1.20        

Exercised

     (8,277,510     0.28        1.50        
  

 

 

            

Outstanding at December 31, 2017

     29,825,086       0.33        1.22        6.31        26,064  
  

 

 

            

Vested and expected to vest at December 31, 2017

     29,825,086             
  

 

 

            

Exercisable as at December 31, 2017

     4,109,262             
  

 

 

            
2013 Incentive Scheme  
Restricted shares activity

The following table summarizes the Group’s restricted shares with an option feature activity under the 2013 Incentive Scheme during the year ended December 31, 2017:

 

     Number of
shares
    Weighted
Average Exercise
Price
(US$)
     Weighted
Average
Grant Date
Fair Value
(US$)
     Weighted
Average
Remaining
Contractual
Term (Years)
     Aggregate
Intrinsic
Value (US$)
 

Outstanding at January 1, 2017

     48,967,051       0.33        1.22        7.01        30,438  

Granted

     3,468,360       0.34        0.60        

Forfeited

     (5,009,400     0.34        1.27        

Exercised

     (5,131,110     0.33        1.30        
  

 

 

            

Outstanding at December 31, 2017

     42,294,901       0.33        1.15        6.01        36,941  
  

 

 

            

Vested and expected to vest at December 31, 2017

     42,294,901             
  

 

 

            

Exercisable as at December 31, 2017

     20,073,089             
  

 

 

            
2011 Share Award Scheme  
Restricted shares activity

The following table summarizes the restricted shares activity pursuant to the 2011 Share Award Scheme for the year ended December 31, 2017:

 

     Number of
ordinary shares
     Weighted average
grant date
fair value (US$)
 

Unvested at January 1, 2017

     7,007,672        1.30  

Granted

     484,000        0.91  

Vested

     (3,128,262      1.23  

Forfeited

     (916,910      1.23  
  

 

 

    

Unvested at December 31, 2017

     3,446,500        1.32  
  

 

 

    
Other Share Incentive Awards  
Restricted shares activity

The following table summarizes the restricted shares activity pursuant to the Other Share Incentive Awards for the year ended December 31, 2017:

 

     Number of
ordinary shares
     Weighted average
grant date
fair value (US$)
 

Unvested at January 1, 2017

     1,992,651        1.08  

Vested

     (1,264,554      0.99  

Forfeited

     (154,062      1.83  
  

 

 

    

Unvested at December 31, 2017

     574,035        1.21  
  

 

 

    
Restricted shares with an option feature | 2014 Restricted Share Plan  
Summary of assumptions used in calculating fair value of options

The grant date fair value of each restricted share with an option feature is estimated on the date of grant using the binomial tree option pricing model with the following assumptions used for grants in 2017:

 

     Year ended December 31, 2017  

Fair value of ordinary share (US$)

     0.84~1.21  

Risk-free interest rates

     2.81%~2.99

Expected volatility range

     55.9%~58.0

Expected dividend yield

     0

Expected exercise multiple

     2.2  

Fair value per option granted (US$)

     0.55~0.93  
Restricted shares with an option feature | 2013 Incentive Scheme  
Summary of assumptions used in calculating fair value of options

The grant date fair value of each restricted share with an option feature is estimated on the date of grant using the binomial tree option pricing model with the following assumptions used for grants in 2017:

 

     Year ended December 31, 2017  

Fair value of ordinary share (US$)

     0.84~1.21  

Risk-free interest rates

     2.78%~2.99

Expected volatility range

     56.1%~57.5

Expected dividend yield

     0

Expected exercise multiple

     2.2  

Fair value per option granted (US$)

     0.53~0.88