XML 163 R116.htm IDEA: XBRL DOCUMENT v3.20.1
REDEEMABLE NONCONTROLLING INTEREST - Additional Information (Details)
1 Months Ended 12 Months Ended
Jan. 31, 2014
USD ($)
shares
Jan. 31, 2014
CNY (¥)
shares
Dec. 31, 2019
USD ($)
$ / shares
shares
Dec. 31, 2019
CNY (¥)
shares
Dec. 31, 2018
CNY (¥)
shares
Dec. 31, 2017
CNY (¥)
shares
Redeemable Noncontrolling Interest            
Common shares purchased by Oriental Pearl, value | ¥       ¥ 36,072,921 ¥ 9,300,578 ¥ 22,418,125
Ordinary shares            
Redeemable Noncontrolling Interest            
Common shares purchased by Oriental Pearl, shares     15,444,882 15,444,882 46,771,429 14,300,000
Common shares purchased by Oriental Pearl, value | ¥       ¥ 1,041,557 ¥ 3,173,806 ¥ 971,727
Conversion ratio basis     The initial conversion ratio is 1:1, subject to adjustment in the event of (i) share splits, share combinations, share dividends or distribution, other dividends, recapitalizations and similar events, or (ii) issuance of common shares at a price per share less than the conversion price in effect on the date of or immediately prior to such issuance. In that case, the conversion price shall be reduced concurrently to the subscription price of such issuance. The initial conversion ratio is 1:1, subject to adjustment in the event of (i) share splits, share combinations, share dividends or distribution, other dividends, recapitalizations and similar events, or (ii) issuance of common shares at a price per share less than the conversion price in effect on the date of or immediately prior to such issuance. In that case, the conversion price shall be reduced concurrently to the subscription price of such issuance.    
Series B Redeemable Convertible Preferred Shares            
Redeemable Noncontrolling Interest            
Dividends rate per share | $ / shares     $ 0.038237      
Preferred stock redemption term     At any time on or after April 1, 2017, if requested by at least 50% of the holders of SBPS then outstanding, Red 5 shall redeem all of the outstanding SBPS at a redemption price equal to 200% of the issuance price in three equal annual installments. The full amount of the redemption price due but not paid shall accrue interest daily at a rate of 10% per annum from the issuance date of SBPS At any time on or after April 1, 2017, if requested by at least 50% of the holders of SBPS then outstanding, Red 5 shall redeem all of the outstanding SBPS at a redemption price equal to 200% of the issuance price in three equal annual installments. The full amount of the redemption price due but not paid shall accrue interest daily at a rate of 10% per annum from the issuance date of SBPS    
Liquidation description of preferred stock     The holders of SBPS have preference over holders of common shares with respect to distribution of assets upon voluntary or involuntary liquidation of Red 5. The holders of SBPS shall be entitled to receive 100% of the original issue price ("preferred liquidation"). The holders of SBPS are also entitled to distribution of remaining assets from preferred liquidation, along with other shareholders, while the total distribution entitled to the holders of SBPS should not exceed 200% of the original issue price. The holders of SBPS have preference over holders of common shares with respect to distribution of assets upon voluntary or involuntary liquidation of Red 5. The holders of SBPS shall be entitled to receive 100% of the original issue price ("preferred liquidation"). The holders of SBPS are also entitled to distribution of remaining assets from preferred liquidation, along with other shareholders, while the total distribution entitled to the holders of SBPS should not exceed 200% of the original issue price.    
Series B Redeemable Convertible Preferred Shares | Minimum            
Redeemable Noncontrolling Interest            
Original issue price, percentage     100.00% 100.00%    
Series B Redeemable Convertible Preferred Shares | Maximum            
Redeemable Noncontrolling Interest            
Original issue price, percentage     200.00% 200.00%    
Red 5 Studios, Inc. ("Red 5")            
Redeemable Noncontrolling Interest            
Difference between fair value and purchase price $ 18,900,000 ¥ 131,300,000        
Recognized compensation paid $ 1,900,000 ¥ 13,000,000        
Red 5 Studios, Inc. ("Red 5") | Ordinary shares            
Redeemable Noncontrolling Interest            
Common shares purchased by Oriental Pearl, shares 5,948,488 5,948,488        
Common shares purchased by Oriental Pearl, value $ 3,700,000 ¥ 25,600,000        
Red 5 Studios, Inc. ("Red 5") | Minimum            
Redeemable Noncontrolling Interest            
Gross proceeds from public offering | $     $ 30,000,000      
Red 5 Studios, Inc. ("Red 5") | Series B Redeemable Convertible Preferred Shares            
Redeemable Noncontrolling Interest            
Redeemable convertible preferred shares issued, shares 27,438,952 27,438,952        
Redeemable convertible preferred shares issued, value $ 17,000,000 ¥ 118,300,000