23. 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).