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Property and equipment, net

12 Months Ended

Dec. 31, 2012

Property and equipment, net [Abstract]

Property and equipment, net

9.

PROPERTY AND EQUIPMENT, NET

		December 31,
		2011				2012

Computer equipment and application software		$	22,105			$	81,023
Building (i)			671				45,050
Office building related facility and machines (i)			-				13,212
Furniture and vehicles			507				4,422
Leasehold improvements			1,336				1,038
			24,619				144,745
Less: Accumulated depreciation and amortization			7,954				18,710
Property and equipment, net		$	16,665			$	126,035

(i)

In August 2012, the Group entered into a series of definitive agreements to purchase two parcels of office buildings and the associated land use rights with an area of approximately 69,205 square meters in Chaoyang District, Beijing, China for a total cash consideration of $222 million. As of December 31, 2012, the Group completed the acquisition of one parcel of the building and capitalized the related building cost of $43,927 and the cost for the facilities of the building of $13,212. As of December 31, 2012, the other parcel of the building is still under construction.

Depreciation and amortization expenses for the years ended December 31, 2010, 2011 and 2012 were $781, $3,393 and $14,768, respectively.

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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