Intangible assets, net

12 Months Ended

Dec. 31, 2017

Intangible assets, net [Abstract]

Intangible assets, net

14. Intangible assets, net

The following table summarizes the Group’s intangible assets:

	December 31,
	2016		2017
	RMB		RMB
Gross carrying amount
Operating rights		98,929		47,020
Software		30,632		34,413
Domain names		27,311		25,774
Technology		18,282		17,676
Brand names		59,034		-
Others		18,300		-
Total of gross carrying amount		252,488		124,883
Less: accumulated amortization
Operating rights		(77,659)		(40,320)
Software		(13,110)		(19,448)
Domain names		(8,449)		(9,687)
Technology		(9,457)		(10,695)
Brand names		(21,810)		-
Others		(3,592)		-
Total accumulated amortization		(134,077)		(80,150)
Less: accumulated impairment		(59,485)		(7,252)
Intangible assets, net		58,926		37,481

Amortization expense for the years ended December 31, 2015, 2016 and 2017 were RMB64,201, RMB56,977 and RMB14,510, respectively.

 

The estimated amortization expenses for each of the following five years are as follows:

	Amortization expense of intangible assets
2018		13,050
2019		8,639
2020		4,666
2021		1,838
2022		1,798

The weighted average amortization periods of intangible assets as of December 31, 2016 and 2017 are as below:

	December 31,
	2016	2017
Domain names	15 years	15 years
Technology	5 years	5 years
Software	5 years	4 years
Operating rights	1 years	1 year
Brand names	Not applicable	Not applicable