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Accrued Expenses and Other Current Liabilities
12 Months Ended
Dec. 31, 2019
Accrued Liabilities Current [Abstract]  
Accrued Expenses and Other Current Liabilities

14.  Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities are comprised of (in thousands):

 

 

 

As of December 31,

 

 

 

2018

 

 

2019

 

 

2019

 

 

 

RMB

 

 

RMB

 

 

US$

 

Deposits from advertising agencies and customers

 

 

13,760

 

 

 

16,029

 

 

 

2,302

 

Accrued professional fees

 

 

7,059

 

 

 

7,869

 

 

 

1,130

 

Advertising and promotion expenses payables and accruals

 

 

83,805

 

 

 

73,533

 

 

 

10,562

 

General operating expenses payables and accruals

 

 

36,955

 

 

 

71,350

 

 

 

10,249

 

Consideration to be paid for acquisition of Yitian Xindong (Note 4)

 

 

71,100

 

 

 

 

 

 

 

Deposits from original investor of Yitian Xindong (Note 4)

 

 

14,200

 

 

 

16,700

 

 

 

2,399

 

Deposits from individual property buyers

 

 

 

 

 

83,131

 

 

 

11,941

 

Forward contract in relation to future disposal of investments in Particle

   (Note 9)

 

 

 

 

 

15,988

 

 

 

2,297

 

Others

 

 

449

 

 

 

8,841

 

 

 

1,270

 

Total

 

 

227,328

 

 

 

293,441

 

 

 

42,150

 

14.  Accrued Expenses and Other Current Liabilities (Continued)

 

As the agent of real estate developers, the Group sells individual property buyers coupons issued by real estate developers that enable them to purchase specified properties from real estate developers at a discounted price. Coupons purchase price are collected initially by the Group upfront from the property buyers, and subsequently, the coupon purchase price will be remitted to the real estate developers when property buyers use the coupons to purchase the specified properties, or will be refunded to property buyers if they decide not to buy. The coupons purchase price paid by the property buyers are recorded in accrued expenses and other current liabilities in the Group's consolidated balance sheets.