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Intangible Assets, Net
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
9. INTANGIBLE ASSETS, NET

 

The following tables present the Group’s intangible assets with definite lives as of the respective balance sheet dates:

 

     December 31, 2016  
     Gross
Carrying
Value
     Accumulated
Amortization
     Net Carrying
Value
 
     RMB      RMB      RMB      US$  

Trademarks

     68,380        (38,713 )       29,667        4,273  

Customer relationship

     9,050        (9,050 )       —          —    

Websites

     27,000        (27,000 )       —          —    

Domain names

     1,870        (1,870 )       —          —    

Licensing agreements

     2,667        (2,667 )       —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 
     108,967        (79,300 )       29,667        4,273  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     December 31, 2015  
     Gross
Carrying

Value
     Accumulated
Amortization
     Net
Carrying

Value
 
     RMB      RMB      RMB  

Trademarks

     68,310        (34,155 )       34,155  

Customer relationship

     9,050        (9,050 )       —    

Websites

     27,000        (27,000 )       —    

Domain names

     1,870        (1,870 )       —    

Licensing agreements

     2,498        (2,498 )       —    
  

 

 

    

 

 

    

 

 

 
     108,728        (74,573 )       34,155  
  

 

 

    

 

 

    

 

 

 

The intangible assets are amortized using the straight-line method, which is the Group’s best estimate of how these assets will be economically consumed over their respective estimated useful lives ranging from approximately 1.75 to 15 years. Amortization expense was RMB6,053, RMB5,247 and RMB4,558 (US$656) for the years ended December 31, 2014, 2015 and 2016, respectively.

The annual estimated amortization expenses for the acquired intangible assets for each of the next five years are as follows:

 

     2017      2018      2019      2020      2021  
     RMB      RMB      RMB      RMB      RMB  

Trademarks

     4,577        4,577        4,573        4,554        4,554