v2.4.0.6

Investment in Equity Investees | 12 Months Ended
--- | ---
Dec. 31, 2011
Investment in Equity Investees |
9. | INVESTMENT IN EQUITY INVESTEES
Name of the Equity Investees |  | Equity Interest Owned by the Company |
|  | At December 31, 2010 |  |  | At December 31, 2011 |
Shanghai Tonghua Network Technology Co., Ltd. (“ Tonghua”) |  |  | 30.00 | % |  |  | 30.00 | %
Beijing Huayi Giant Information Technology Co., Ltd. (“Huayi Giant Information”) |  |  | 34.00 | % |  |  | 34.00 | %
Juxi Network |  |  |  |  |  |  | 41.98 | %
Juxian Network |  |  |  |  |  |  | 40.80 | %
Yunfeng E-commerce A Fund, L.P. and Yunfeng E -Commerce B Fund, L.P. (Collectively known as the “Yunfeng Fund”) |  |  |  |  |  |  | 10.42 | %
|  | At December 31, 2010 |  |  | Increased (decreased) during the year ended December 31, 2011 |  |  | At December 31, 2011 |
|  | Cost of Investments (RMB) |  |  | Share of equity income (RMB) |  |  | Investment in equity investees (RMB) |  |  | Cost of investments (RMB) |  |  | Share of equity income (RMB) |  |  | Cost of investments (RMB) |  |  | Share of equity income (RMB) |  |  | Investment in equity investees (RMB) |  |  | Investment in equity investees (US$) |
Tonghua |  |  | 3,000,000 |  |  |  | (648,106 | ) |  |  | 2,351,894 |  |  |  | — |  |  |  | (1,083,151 | ) |  |  | 3,000,000 |  |  |  | (1,731,257 | ) |  |  | 1,268,743 |  |  |  | 201,583 |
Huayi Giant Information |  |  | 32,774,051 |  |  |  | — |  |  |  | 32,774,051 |  |  |  | (4,782 | ) |  |  | 538,265 |  |  |  | 32,769,269 |  |  |  | 538,265 |  |  |  | 33,307,534 |  |  |  | 5,292,034 |
Juxi Network (Note 4) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,128,039 |  |  |  | (163,888 | ) |  |  | 6,128,039 |  |  |  | (163,888 | ) |  |  | 5,964,151 |  |  |  | 947,608 |
Juxian Network (Note 4) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,319,023 |  |  |  | (1,191,127 | ) |  |  | 1,319,023 |  |  |  | (1,191,127 | ) |  |  | 127,896 |  |  |  | 20,321 |
Yunfeng Fund (1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 317,050,000 |  |  |  | (6,318,100 | ) |  |  | 317,050,000 |  |  |  | (6,318,100 | ) |  |  | 310,731,900 |  |  |  | 49,370,326 |
Total |  |  | 35,774,051 |  |  |  | (648,106 | ) |  |  | 35,125,945 |  |  |  | 324,492,280 |  |  |  | (8,218,001 | ) |  |  | 360,266,331 |  |  |  | (8,866,107 | ) |  |  | 351,400,224 |  |  |  | 55,831,872 |
(1) | In September 2011, the Company invested an aggregate amount of RMB317,050,000 (US$50,374,172) as a limited partner in Yunfeng Fund, for the purpose of purchasing shares of Alibaba Group Holdings Limited (the “Alibaba Group”), China’s leading e-commerce company. Yunfeng Fund has purchased ordinary shares of the Alibaba Group at a price per share of US$13.50. The term of the Yunfeng Fund is 10 years, which may be extended for additional successive one-year periods up to a maximum of two years, and may be further extended upon the written election or vote of a majority in interest of the limited partners.
Given that the Company holds more than three percent interest in Yunfeng Fund and the significance of this investment, the investment is accounted for under the equity method as prescribed in ASC323-10. As of and for the year ended December 31, 2011, the total assets, liabilities and operating loss of Yunfeng fund were RMB3,051,110,433 (US$484,772,626), RMB89,687,234 (US$14,249,866) and RMB63,008,814 (US$10,011,092), respectively. There were no impairment indicators present associated with the investment in these equity investees as at December 31, 2010 and 2011.

X
- Definition The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6903645&loc=d3e32787-111569 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6903645&loc=d3e32847-111569 + Details
Name: | us-gaap_EquityMethodInvestmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration