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Organization and Principal Activities (Tables) | 12 Months Ended
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Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Schedule of major subsidiaries, VIEs and subsidiaries of VIEs | Major subsidiaries, VIEs and the subsidiaries of the VIEs as of December 31, 2019 are set out below:
|  |  |  |  |  | Percentage |  |  |
|  |  |  |  |  | of Direct or |  |  |
|  |  |  |  |  | Indirect |  |  |
|  | Place of |  | Date of |  | Economic |  |  | Principal
Name |  | Incorporation |  | Incorporation |  | Ownership |  |  | Activity
Direct subsidiaries: |  |  |  |  |  |  |  |  |  |
Phoenix Satellite Television Information Limited |  | British Virgin Islands (“BVI”) |  | September 1, 1999 |  |  | 100 | % |  | Investment holding
Phoenix New Media (Hong Kong) Company Limited |  | Hong Kong |  | February 24, 2011 |  |  | 100 | % |  | Advertising
Phoenix New Media (Hong Kong) Information Technology Company Limited |  | Hong Kong |  | April 22, 2014 |  |  | 100 | % |  | Investment holding
Fread Limited* |  | Cayman Island |  | May 20, 2014 |  |  | 100 | % |  | Investment holding
Indirect subsidiaries: |  |  |  |  |  |  |  |  |  |
Fenghuang On-line (Beijing) Information Technology Co., Ltd. (“Fenghuang On-line”) |  | PRC |  | December 20, 2005 |  |  | 100 | % |  | Technical consulting
Beijing Fenghuang Yutian Software Technology Co., Ltd. (“Fenghuang Yutian”) |  | PRC |  | June 15, 2012 |  |  | 100 | % |  | Software development
Fenghuang Feiyang (Beijing) New Media Information Technology Co., Ltd. (“Fenghuang Feiyang”) |  | PRC |  | October 25, 2013 |  |  | 100 | % |  | Advertising
I Game (Hong Kong) Company Limited |  | Hong Kong |  | June 10, 2014 |  |  | 100 | % |  | Game
Beijing Fenghuang Borui Software Technology Co., Ltd. (“Fenghuang Borui”) |  | PRC |  | October 13, 2014 |  |  | 100 | % |  | Software development
Qieyiyou (Beijing) Information Technology Co., Ltd. (“Qieyiyou”) |  | PRC |  | November 28, 2014 |  |  | 100 | % |  | Game
Tianjin Fengying Hongda Culture Communication Co., Ltd. (“Fengying Hongda”) |  | PRC |  | March 13, 2017 |  |  | 100 | % |  | Advertising
VIEs: |  |  |  |  |  |  |  |  |  |
Beijing Tianying Jiuzhou Network Technology Co., Ltd. (“Tianying Jiuzhou”) |  | PRC |  | April 18, 2000 |  |  | 100 | % |  | Advertising and paid services
Yifeng Lianhe (Beijing) Technology Co., Ltd. (“Yifeng Lianhe”) |  | PRC |  | June 16, 2006 |  |  | 100 | % |  | Digital entertainment
Beijing Chenhuan Technology Co., Ltd. (“Chenhuan”) |  | PRC |  | June 10, 2014 |  |  | 100 | % |  | Game
Subsidiaries of VIEs: |  |  |  |  |  |  |  |  |  |
Beijing Tianying Chuangzhi Advertising Co., Ltd. (“Tianying Chuangzhi”) |  | PRC |  | February 8, 2010 |  |  | 100 | % |  | Advertising
Beijing Fengyu Network Technology Co., Ltd. (“Fengyu Network”)** |  | PRC |  | June 1, 2012 |  |  | 100 | % |  | Digital entertainment
Beijing Yitian Xindong Network Technology Co., Ltd. (“Yitian Xindong”) |  | PRC |  | September 05,2008 |  |  | 51 | % |  | Digital entertainment
Beijing Fenghuang Tianbo Network Technology Co., Ltd. (“Tianbo”) |  | PRC |  | May 31, 2013 |  |  | 50 | % |  | Advertising
* | In January 2018, the name of “I Game Limited” was changed to “Fread Limited”.
** | In April 2017, the name of “Beijing Fenghuang Interactive Entertainment Network Technology Co., Ltd.” was changed to “Beijing Fengyu Network Technology Co., Ltd.”.
Schedule of summarized assets, liabilities, results of operations and cash flows of the consolidated VIEs | The following tables set forth the summarized assets, liabilities, results of operations and cash flows of the consolidated VIEs (in thousands):
|  | As of December 31, |
|  | 2018 |  |  | 2019 |  |  | 2019 |
|  | RMB |  |  | RMB |  |  | US$ |
Current assets |  |  | 979,025 |  |  |  | 1,223,454 |  |  |  | 175,738 |
Non-current assets |  |  | 530,118 |  |  |  | 588,327 |  |  |  | 84,508 |
Total assets |  |  | 1,509,143 |  |  |  | 1,811,781 |  |  |  | 260,246 |
Accounts payable |  |  | 135,407 |  |  |  | 132,690 |  |  |  | 19,060 |
Amounts due to related parties |  |  | 11,531 |  |  |  | 24,194 |  |  |  | 3,475 |
Amounts due to inter-company entities |  |  | 631,392 |  |  |  | 1,030,231 |  |  |  | 147,983 |
Advances from customers |  |  | 31,686 |  |  |  | 56,212 |  |  |  | 8,074 |
Taxes payable |  |  | 48,697 |  |  |  | 82,475 |  |  |  | 11,847 |
Salary and welfare payable |  |  | 40,949 |  |  |  | 82,095 |  |  |  | 11,792 |
Accrued expenses and other current liabilities |  |  | 189,228 |  |  |  | 234,004 |  |  |  | 33,613 |
Current liabilities |  |  | 1,088,890 |  |  |  | 1,641,901 |  |  |  | 235,844 |
Non-current liabilities |  |  | 28,796 |  |  |  | 52,087 |  |  |  | 7,482 |
Total liabilities |  |  | 1,117,686 |  |  |  | 1,693,988 |  |  |  | 243,326 |
|  | For the Years Ended December 31, |
|  | 2017 |  |  | 2018 |  |  | 2019 |  |  | 2019 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Revenues |  |  | 769,943 |  |  |  | 591,495 |  |  |  | 889,084 |  |  |  | 127,709 |
Net loss |  |  | (7,760 | ) |  |  | (112,146 | ) |  |  | (174,661 | ) |  |  | (25,089 | )
|  | For the Years Ended December 31, |
|  | 2017 |  |  | 2018 |  |  | 2019 |  |  | 2019 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Net cash (used in)/provided by operating activities |  |  | (3,950 | ) |  |  | 100,256 |  |  |  | (227,916 | ) |  |  | (32,738 | )
Net cash provided by/(used in) investing activities |  |  | 65,600 |  |  |  | (164,190 | ) |  |  | 129,697 |  |  |  | 18,630 |
Net cash (used in)/provided by financing activities |  |  | (2,000 | ) |  |  | — |  |  |  | 224,299 |  |  |  | 32,219 |

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- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=118582676&loc=SL6759159-111685 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=118582676&loc=d3e5747-111685 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=118582676&loc=SL6228884-111685 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118582676&loc=d3e5710-111685 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118582676&loc=d3e5728-111685 + Details
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