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Principal Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Estimated useful lives of property and equipment

 

 

 

Estimated Useful Lives

Computers

 

3 years

Equipment, furniture and motor vehicles

 

5 years

Leasehold improvements

 

Lesser of lease terms or the estimated useful lives of the assets

 

Schedule of estimated useful live of intangible assets, net

 

 

Estimated Useful Lives

Computer software

 

5 years

Trademark and domain names

 

10 years

Licensed copyrights of reading content

 

Lesser of the licensed period or 5 years

Audio content

 

5 years

User base

 

0.8 years

License and licensed games

 

Estimated life cycle

 

Schedule of revenues disaggregated by products and services The following table presents the Group’s revenues disaggregated by products and services (in thousands):

 

 

 

For the Years Ended December 31,

 

 

 

2017

 

 

2018

 

 

2019

 

 

2019

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Net advertising revenues

 

 

1,353,480

 

 

 

1,198,271

 

 

 

1,263,485

 

 

 

181,488

 

Paid services revenues

 

 

221,612

 

 

 

179,108

 

 

 

267,577

 

 

 

38,435

 

Revenues from paid contents

 

 

77,675

 

 

 

95,044

 

 

 

205,360

 

 

 

29,498

 

Revenues from games

 

 

27,463

 

 

 

14,727

 

 

 

14,169

 

 

 

2,035

 

Revenues from MVAS

 

 

108,567

 

 

 

55,037

 

 

 

18,499

 

 

 

2,657

 

Revenues from others

 

 

7,907

 

 

 

14,300

 

 

 

29,549

 

 

 

4,245

 

Total

 

 

1,575,092

 

 

 

1,377,379

 

 

 

1,531,062

 

 

 

219,923

 

 

Summary of Future Lease Payments under Operating Leases Future lease payments under operating leases as of December 31, 2019 were as follows (in thousands):

 

 

Operating Leases

 

 

 

RMB

 

US$

 

Year ending December 31,

 

 

 

 

 

 

 

 

2020

 

 

44,109

 

 

 

6,336

 

2021

 

 

35,706

 

 

 

5,129

 

2022

 

 

16,052

 

 

 

2,306

 

2023

 

 

291

 

 

 

42

 

Total future lease payments

 

 

96,158

 

 

 

13,813

 

Less: Imputed interest

 

 

5,895

 

 

 

848

 

Total lease liability balance

 

 

90,263

 

 

 

12,965

 

 

 

Summary of Future Lease Payments under Operating Leases

Future lease payments under operating leases as of December 31, 2018 were as follows (in thousands):

 

 

 

 

 

Operating Leases

 

 

 

 

 

RMB

 

Year ending December 31,

 

 

 

 

 

 

2019

 

 

 

 

38,222

 

2020

 

 

 

 

38,270

 

2021

 

 

 

 

38,314

 

2022

 

 

 

 

18,980

 

Total future lease payments

 

 

 

 

133,786

 

Summary of Supplemental Cash Flow Information Related to Operating Leases Supplemental cash flow information related to operating leases was as follows (in thousands):

 

 

For the Year

 

 

 

Ended December 31, 2019

 

 

 

RMB

 

US$

 

Cash payments for operating leases

 

 

37,713

 

 

 

5,417

 

Right-of-use assets obtained in exchange for operating lease liabilities

 

 

22,388

 

 

 

3,216