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Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Share-based Compensation [Abstract]  
Share-based compensation recognized in costs and expenses

 

 

For the Years Ended December 31,

 

 

 

2014

 

2015

 

2016

 

2016

 

 

 

RMB

 

RMB

 

RMB

 

US$

 

Cost of revenues

 

16,295

 

6,335

 

(4,367

)

(629

)

Sales and marketing expenses

 

10,200

 

3,043

 

(2,842

)

(409

)

General and administrative expenses

 

20,927

 

21,836

 

11,025

 

1,588

 

Technology and product development expenses

 

5,759

 

3,140

 

(1,926

)

(277

)

Total

 

53,181

 

34,354

 

1,890

 

273

 

Summary of share option activities

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

Number of

 

Weighted Average

 

Remaining

 

Aggregate

 

 

 

Options

 

Exercise Price

 

Contractual Life

 

Intrinsic Value

 

 

 

 

 

US$

 

Years

 

US$ in Million

 

Outstanding as of January 1, 2014

 

39,770,121

 

0.44

 

8.1

 

30.2

 

Granted

 

21,052,758

 

1.30

 

 

 

 

 

Forfeited and expired

 

(4,013,850

)

0.91

 

 

 

 

 

Exercised

 

(6,542,022

)

0.23

 

 

 

7.1

 

Outstanding as of December 31, 2014

 

50,267,007

 

0.79

 

8.2

 

17.6

 

Granted

 

8,020,000

 

0.92

 

 

 

 

 

Forfeited and expired

 

(8,379,197

)

1.03

 

 

 

 

 

Exercised

 

(3,790,280

)

0.36

 

 

 

1.5

 

Outstanding as of December 31, 2015

 

46,117,530

 

0.81

 

7.5

 

7.6

 

Granted

 

9,991,964

 

0.47

 

 

 

 

 

Forfeited and expired

 

(10,005,413

)

0.94

 

 

 

 

 

Exercised

 

(1,658,946

)

0.22

 

 

 

0.4

 

Outstanding as of December 31, 2016

 

44,445,135

 

0.43

 

7.1

 

1.8

 

Exercisable as of December 31, 2016

 

12,802,895

 

0.29

 

4.4

 

1.8

 

Vested and expected to vest as of December 31, 2016

 

30,349,765

 

0.40

 

6.5

 

1.8

 

Share options valuation assumption

 

 

For the Years Ended December 31,

 

 

 

2014

 

2015

 

2016

 

Expected volatility rate

 

56.1%-57.5%

 

54.23%-54.32%

 

50.67%-55.65%

 

Expected dividend yield

 

 

 

 

Expected term (years)

 

5.81-6.16

 

5.91-6.16

 

3.91-6.16

 

Risk-free interest rate (per annum)

 

1.43%-1.88%

 

1.90%-1.98%

 

1.30%-1.55%

 

Summary of restricted share units activities

 

 

 

 

Weighted-Average

 

Restricted Share Units

 

Number of Units

 

Grant-Date
Fair Value

 

 

 

 

 

US$

 

Unvested as of January 1, 2014

 

425,579

 

1.07

 

Granted

 

 

 

Vested

 

(386,763

)

1.07

 

Forfeited

 

(6,316

)

1.07

 

Unvested as of December 31, 2014

 

32,500

 

1.07

 

Granted

 

 

 

Vested

 

(32,500

)

1.07

 

Forfeited

 

 

 

Unvested as of December 31, 2015

 

 

 

Summary of restricted share activities

 

 

 

 

Weighted-Average

 

Restricted Shares

 

Number of Shares

 

Grant-Date
Fair Value

 

 

 

 

 

US$

 

Unvested as of January 1, 2014

 

845,000

 

1.07

 

Granted

 

 

 

Vested

 

(676,250

)

1.07

 

Forfeited

 

(168,750

)

1.07

 

Unvested as of December 31, 2014