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Related Party Transactions | 12 Months Ended
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Dec. 31, 2016
Related Party Transactions [Abstract] |
Related Party Transactions | 2 3. Related Party Transactions The table below sets forth the major related parties and their relationships with the Group:
Related Parties |  | Relationships with the Group
Entities within the non US listed part of the Phoenix TV Group |  | Under common control by Phoenix TV
CMCC |  | A shareholder of Phoenix TV
Beijing Phoenix Lilita Information Technology Co., Ltd. (“Lilita”) |  | Cost method investee, related party of Phoenix TV Group
Particle Inc. (“Particle”) |  | Available-for-sale method investee, with common directors of the Company
Beijing Fenghuang Tianbo Network Technology Co., Ltd. (“Tianbo”) |  | Equity method investee
Phoenix FM Limited (“FM”) |  | Equity method investee
Shenzhenshi Fenghuang Jingcai Network Technology Co., Ltd. (“Fenghuang Jingcai”) |  | Equity method investee
Hangzhou Qike Technology Co., Ltd. |  | Equity method investee
Lifeix Inc. |  | Cost method investee
Mr. Gao Ximin and Mr. Qiao Haiyan |  | Legal shareholders of Tianying Jiuzhou and employees of the Group
Mr. He Yansheng |  | Legal shareholder of Yifeng Lianhe and employee of the Group
Mr. Wu Haipeng and Mr. He Yansheng |  | Legal shareholders of Chenhuan and employees of the Group
In addition to those disclosed elsewhere in the financial statements, the Group had the following significant related party transactions during the years ended December 31, 2014, 2015 and 2016 (in thousands): Transactions with the Non US Listed Part of Phoenix TV Group:
|  | For the Years Ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |  | 2016 |
|  | RMB |  | RMB |  | RMB |  | US$ |
Content provided by Phoenix TV Group |  | (3,757 | ) | (4,730 | ) | (7,447 | ) | (1,073 | )
Data line services provided by Phoenix TV Group |  | (363 | ) | (180 | ) | — |  | — |
Advertising and promotion expenses charged by Phoenix TV Group |  | (1,246 | ) | (1,788 | ) | (1,277 | ) | (184 | )
Corporate administrative expenses charged by Phoenix TV Group |  | (354 | ) | (1,812 | ) | (260 | ) | (37 | )
Project cost charged by Phoenix TV Group |  | — |  | (55 | ) | — |  | — |
Revenues earned from Phoenix TV Group |  | 25,168 |  | 16,510 |  | 10,356 |  | 1,492 |
Transactions with CMCC :
|  | For the Years Ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |  | 2016 |
|  | RMB |  | RMB |  | RMB |  | US$ |
Advertising revenues earned from CMCC |  | 29,643 |  | 35,787 |  | 31,956 |  | 4,603 |
Paid services revenues earned from and through CMCC |  | 290,755 |  | 273,510 |  | 122,672 |  | 17,668 |
Revenue sharing fees and bandwidth costs to CMCC |  | (41,766 | ) | (44,359 | ) | (20,941 | ) | (3,016 | )
Transactions with Investees:
|  | For the Years Ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |  | 2016 |
|  | RMB |  | RMB |  | RMB |  | US$ |
Loans provided to FM |  | 4,300 |  | 8,000 |  | — |  | — |
Advances provided to/(repaid from) FM |  | 482 |  | 71 |  | (102 | ) | (15 | )
Loans repaid from FM |  | (800 | ) | — |  | (7,056 | ) | (1,016 | )
Advertising revenues earned from Tianbo |  | 421 |  | 4,384 |  | 13,482 |  | 1,942 |
Advances provided to/(repaid from) Tianbo |  | — |  | 1,177 |  | (1,177 | ) | (170 | )
Advertising revenues earned from Lilita |  | 333 |  | 14,414 |  | 42,619 |  | 6,138 |
Brand license authorization revenues earned from Lilita |  | 855 |  | 3,155 |  | 172 |  | 25 |
Advertising resources provided by Tianbo |  | (31 | ) | (39 | ) | (670 | ) | (96 | )
Advances provided to Fenghuang Jingcai |  | — |  | 409 |  | 19 |  | 3 |
Loans provided to Particle and related interest income |  | — |  | — |  | 50,337 |  | 7,250 |
Issuance of convertible loans to Particle and related interest income |  | — |  | — |  | 248,249 |  | 35,755 |
As of December 31, 2015 and 2016, the amounts due from and due to related parties were as follows (in thousands):
|  | As of December 31, |
|  | 2015 |  | 2016 |  | 2016 |
|  | RMB |  | RMB |  | US$ |
Amounts due from related parties: |  |  |  |  |  |  |
Due from CMCC |  | 58,295 |  | 48,831 |  | 7,033 |
Due from Phoenix TV Group |  | 20,144 |  | 31,509 |  | 4,538 |
Due from Particle |  | — |  | 50,337 |  | 7,250 |
Due from other investees |  | 46,238 |  | 25,583 |  | 3,685 |
Total |  | 124,677 |  | 156,260 |  | 22,506 |
Amounts due to related parties: |  |  |  |  |  |  |
Due to CMCC |  | 1,808 |  | 249 |  | 36 |
Due to Phoenix TV Group |  | 17,060 |  | 17,724 |  | 2,553 |
Others |  | 500 |  | 747 |  | 107 |
Total |  | 19,368 |  | 18,720 |  | 2,696 |
The amounts due from or amounts due to Phoenix TV Group were net amounts of other operating funds provided by Phoenix TV, expenses paid by Phoenix TV Group on behalf of the Group, expenses charged by Phoenix TV Group under the cooperation agreement (see Note 2 (a)), accounts receivable from Phoenix TV Group for the advertising services provided to its customers. In November 2016, the Company’s board of directors authorized to grant new unsecured short-term loans to Particle with an aggregate principal amount of RMB120.0 million or U.S. dollar equivalent at an interest rate of 9% per annum and with a term of no more than six months. The Group had granted a US$6.8 million (RMB45.9 million) loan to Particle in November 2016. In December 2016, the Company’s board of directors has authorized the Company to revise and extend the terms of this loan from six months to twelve months. As of December 31, 2016, the carrying value of this loan recorded in amounts due from related parties was RMB47.8 million (US$6.9 million). For the year ended December 31, 2016, total interest income arising from loans provided to Particle, convertible loans due from Particle and bank interest expenses incurred by the Company but borne by Particle was RMB9.1 million (US$1.3 million).

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + 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(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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