Related Party Transactions

21.

RELATED PARTY TRANSACTIONS


		The principal related parties with which the Group had transactions during the years presented are as follows:


Name of related party		Relationship with the Group
Lager Network Technology Co, Ltd.(“Lager Network”)		Company with the same key senior executive of the Company prior to June 2009

Shanghai 51 network development Co., Ltd. (“51 Network”)		A VIE of 51.com invested by Giant Interactive

Prexton Investment Ltd., (“Prexton Investment”)		Company with the same key senior executive of the Company

Shanghai Jiante Biotechnology Co., Ltd.(“Shanghai Jiante”)		Company controlled by Mr. Shi Yuzhu

Huayi Juren Information		Equity investee

Significant related party transactions were as follows:


	For the year ended December 31,
	2009			2010
	(RMB)			(RMB)			(US$)
License fee received and receivable from Lager Network		918,155			—			—
Payroll paid on behalf by Lager Network		(921,338	)		—			—
Technical service fee paid to 51 network		(13,909	)		(12,789	)		(1,938	)
Rental fee to Prexton Investment		(21,548	)		(3,592	)		(544	)
Rental fee to Shanghai Jiante		—			(3,180,000	)		(481,818	)
Advances to Huayi Juren Information (Note 5)		—			25,000,000			3,787,879

Effective June 2009, Lager Network is no longer the Company’s related party as the Company’s senior executive has resigned from the directorship of Lager Network.


		Due from related parties as of December 31, 2009 and 2010 are as follows:


	December 31,
	2009		2010
	(RMB)		(RMB)		(US$)
Receivable from:
-Prexton Investment — rental fee		3,592		—		—
-Huayi Juren Information (Note 5)		—		25,000,000		3,787,879

Total		3,592		25,000,000		3,787,879

All balances with the related parties as of December 31, 2009 and 2010 were unsecured, interest-free and have no fixed term of repayment.

- Definition

This element may be used for the entire related party transactions disclosure as a single block of text. Disclosure may include: the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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