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Related Party Transactions | 12 Months Ended
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Dec. 31, 2011
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
Shanghai 51 network development Co., Ltd. (“51 Network”) |  | A VIE of 51.com invested by Giant Interactive
Yangxun Computer Technology (Shanghai) Co. Ltd. |  | A VIE of MET 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 Giant Information |  | Equity investee
Juxian Network |  | Equity investee
Juxi Network |  | Equity investee
Union Sky Holding Group Limited (“Union Sky”) |  | Company’s shareholder
Significant related party transactions were as follows:
|  | For the year ended December 31, |
| 2010 |  |  | 2011 |
|  | (RMB) |  |  | (RMB) |  |  | (US$) |
Technical service fee paid to 51 network |  |  | (12,789 | ) |  |  | — |  |  |  | — |
Other revenue from 51 network |  |  | — |  |  |  | 445,580 |  |  |  | 70,796 |
Rental fee to Prexton Investment |  |  | (3,592 | ) |  |  | — |  |  |  | — |
Rental fee to Shanghai Jiante |  |  | (3,180,000 | ) |  |  | (12,000,000 | ) |  |  | (1,906,608 | )
Advances to Huayi Giant Information |  |  | 25,000,000 |  |  |  | — |  |  |  | — |
Royalty fee charged by Huayi Giant Information |  |  | — |  |  |  | (18,485,392 | ) |  |  | (2,937,033 | )
Technical service fee charge by Huayi Giant Information |  |  | — |  |  |  | (7,500,000 | ) |  |  | (1,191,630 | )
Other service fee from Huayi Giant Information |  |  | — |  |  |  | 4,354,136 |  |  |  | 691,803 |
Payment of individual income tax related to the exercise of share options by Juxian Network |  |  | — |  |  |  | (374,213 | ) |  |  | (59,456 | )
Technical service fee charge from Juxian Network |  |  | — |  |  |  | 3,039,202 |  |  |  | 482,881 |
Prepayment to Shanghai Jiante (1) |  |  | — |  |  |  | 958,800,000 |  |  |  | 152,337,978 |
Repayment from Union Sky (1) |  |  | — |  |  |  | (958,800,000 | ) |  |  | (152,337,978 | )
Interest income from Union Sky (1) |  |  | — |  |  |  | 21,471,866 |  |  |  | 3,411,536 |
Licensing income from Yangxun |  |  | — |  |  |  | 1,200,000 |  |  |  | 190,661 |
Marketing expense charged by Yangxun |  |  | — |  |  |  | (1,080,200 | ) |  |  | (171,626 | )
(1) | In April 2011, the Company made a prepayment to Shanghai Jiante, for a commitment to invest RMB958,800,000 (US$152,337,978) in Sunshine Insurance Group Corporation, Ltd., a privately held insurance company, which was due to investor sentiment, regulatory and other considerations, the Company subsequently unwound in August 2011 by transferring it to Union Sky for the full amount of the prepayment plus accrued interest of RMB21,471,866 (US$3,411,536), which was accrued from April through August 2011. Both these amounts were settled in cash in September, 2011.
Effective June 2009, Lager Network is no longer the Company’s related party as the Company’s senior executive has resigned from the directorship of Lager Network. Due from related parties as of December 31, 2010 and 2011 are as follows:
|  | December 31, |
| 2010 |  |  | 2011 |
|  | (RMB) |  |  | (RMB) |  |  | (US$) |
Receivable from: |  |  |  |  |  |  |  |  |  |  |  |
-Huayi Giant Information |  |  | 25,000,000 |  |  |  | 23,642 |  |  |  | 3,757 |
-Juxi Network |  |  | — |  |  |  | 16,863 |  |  |  | 2,679 |
-Juxian Network |  |  | — |  |  |  | 3,369,609 |  |  |  | 535,377 |
Total |  |  | 25,000,000 |  |  |  | 3,410,114 |  |  |  | 541,813 |
Due to a related party as of December 31, 2010 and 2011 are as follows:
|  | December 31, |
| 2010 |  |  | 2011 |
|  | (RMB) |  |  | (RMB) |  |  | (US$) |
Payable to: |  |  |  |  |  |  |  |  |  |  |  |
-Juxian Network |  |  | — |  |  |  | 540,345 |  |  |  | 85,852 |
Total |  |  | — |  |  |  | 540,345 |  |  |  | 85,852 |
All balances with the related parties as of December 31, 2010 and 2011 were unsecured, interest-free and have no fixed term of repayment.

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- Definition The entire disclosure for related party transactions, including 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 3A -Section 04 -Paragraph b Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 57 -Paragraph 1-4 -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 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 4 -Section 08 -Paragraph k Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 + Details
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