Business Combinations

6 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Business Combinations

3. BUSINESS COMBINATION

During the six-month period ended June 30, 2020, the Company completed several business combinations, to complement its existing businesses and achieve synergies. The acquired entities individually and in aggregate were insignificant. Results of the acquired entities’ operations have been included in the Company’s consolidated financial statements since the acquisition dates.

	RMB			US$
	(In millions)
Purchase consideration		816			115
Net assets acquired, excluding intangible assets and the related deferred tax liabilities		576			81
Intangible assets, net		501			71
Deferred tax liabilities		(86	)		(12	)
Pre-existing interests		(579	)		(82	)
Noncontrolling interests		(113	)		(16	)
Goodwill		517			73
	816			115

Goodwill, which is non-deductible for tax purposes, is primarily attributable to the synergies expected to be achieved from the acquisitions.

Neither the results of operations since the acquisition dates nor the pro forma results of operations of the acquirees were presented, because the effects of these business combinations, both individually and in aggregate, were not significant to the Company’s consolidated results of operations.