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Related Party Transactions
 12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
Related Party Transactions
13. RELATED PARTY TRANSACTIONS

 

Name of related parties

   

Relationship with the Group
Ping An and its subsidiaries (“Ping An Group”)    The Company’s controlling shareholder and its subsidiaries
Mango JV    A equity-method investee of the Company’s subsidiary

Ping An became the Company’s controlling shareholder in June 2016 and therefore Ping An Group became the Company’s related parties since then. The following related party transactions represent the transactions occurred afterwards.

During the years ended December 31, 2014, 2015 and 2016, significant related party transactions were as follows:

 

     Year ended December 31,  
     2014      2015      2016  
     RMB      RMB      RMB      US$  

Sales of new vehicles to Ping An Group

      —          —          21,938        3,160  

Services provided by Ping An Group (a)

      —          —          21,594        3,110  

Interest income from Ping An Group

      —          —          3,564        513  

As of December 31, 2015 and December 31, 2016, balances with related parties were as follows:

 

     December 31, 2015      December 31, 2016  
     RMB      RMB      US$  

Amounts due from related parties, current

         

Ping An Group.(b)

      —          14,120        2,034  

Mango JV (c)

      1,645        6,331        912  
  

 

 

     

 

 

     

 

 

  
     1,645        20,451        2,946  
  

 

 

     

 

 

     

 

 

  

Amounts due from related parties, non-current

         

Ping An Group (b)

      —          809        117  
  

 

 

     

 

 

     

 

 

  
     —          809        117  
  

 

 

     

 

 

     

 

 

  

Amounts due to related parties

         

Ping An Group

         1,312        189  

Mango JV (d)

      23,444        15,158        2,183  

Other related parties

      —          160        23  
  

 

 

     

 

 

     

 

 

  
     23,444        16,630        2,395  
  

 

 

     

 

 

     

 

 

  

 

(a) The amount represents rental and property management services and other miscellaneous services provided by Ping An Group.
(b) Receivable from Ping An Group consists of interest receivable from cash and cash equivalents and short-term investments held at Ping An Group and deposit in relation to the operating lease agreement and others. As of December 31, 2016, the Group had cash and cash equivalents and short-term investments of RMB541,218 (US$77,952) at Ping An Group.
(c) The amount represents unsettled portion of fulfilment cost paid by the Group to dealers on behalf of Mango JV and commission fee receivable for facilitating the sale of Mango JV’s vehicles through the Autohome Mall platform.
(d) The outstanding payable to Mango JV represents proceeds from vehicle sales on the Autohome Mall platform collected by the Group on behalf of Mango JV.