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Prepayments and other current assets | 12 Months Ended
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Dec. 31, 2016
Prepayments and other current assets [Abstract] |
Prepayments and other current assets | 5. Prepayments and other current assets Prepayments and other current assets consist of the following:
|  | As of December 31, |
|  | 2015 |  | 2016 |
|  | RMB |  | RMB |
Rebate (1) |  |  | 72,940 |  |  | 69,464 |
Deposits (2) |  |  | 5,354 |  |  | 6,407 |
Prepayment to agent for share repurchase program |  |  | 5,521 |  |  | - |
Value-added tax (“VAT”) recoverable |  |  | 12,467 |  |  | 11,522 |
Employee advances (3) |  |  | 2,104 |  |  | 1,073 |
Prepaid expenses |  |  | 4,131 |  |  | 11,648 |
Receivables from third-party payment processing agencies (4) |  |  | 645 |  |  | 151 |
Others |  |  | 8,960 |  |  | 8,230 |
Prepayment and other current assets |  |  | 112,122 |  |  | 108,495 |
(1) | Rebate represents amounts payable earned and receivable from suppliers upon reaching minimum purchase thresholds for a specified period. The rebates can be used to offset future purchases with the same supplier.
(2) | Deposits represent rental deposits and deposits paid to third-party vendors.
(3) | Employee advances represent cash advanced to online store managers for store daily operation, such as online store promotion activities.
(4) | Receivables from third-party payment processing agencies represent cash that were received from customers but held by the processing agencies as of December 31, 2016. The receivables were collected by the Group subsequent to the year end.

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- Definition Entire disclosure for assets related to consideration paid in advance for costs that provide economic benefit in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. + References No definition available. + Details
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