XML 58 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related party transactions
12 Months Ended
Dec. 31, 2017
Related party transactions [Abstract]  
Related party transactions
27.
Related party transactions
 
The table below sets forth the major related parties and their relationships with the Group:
 
Major related parties
 
Relationship with the Group
 
 
Guangzhou Sunhongs Corp., Ltd. (“Guangzhou Sunhongs”) (Formerly knowed as Guangzhou Shanghang Information Technology Co., Ltd.)
 
Significant influence exercised by a principal shareholder of the Company
Bigo Inc. (“Bigo”)
 
Cost investment with significant influence
Shanghai Ansha Network Technology Co., Ltd.(“Shanghai Ansha”)
 
Cost investment with significant influence
Shanghai Rongyi Culture Development Co., Ltd.(“Shanghai Rongyi”)
 
Cost investment with significant influence
Guangzhou Chenjun Equity Investment Limited Partnership(“Guangzhou   Chenjun”)
 
Equity investment
Guangzhou Kuyou Information Technology Co., Ltd.(“Guangzhou Kuyou”)
 
Equity investment
Zhuhai Daren Computer Technology Co., Ltd. (“Zhuhai Daren”) 
 
Equity investment
Beijing Huanqiu Xingxue Technology Development Co., Ltd.(“Xingxue”)
 
Equity investment
Yunke Online(1)
 
Equity investment
 
(1)
Yunke Online became the Group’s equity investment in February 2017.
 
During the years ended December 31, 2015, 2016 and 2017, significant related party transactions are as follows:
 
 
 
For the year ended December 31,
 
 
 
2015
 
2016
 
2017
 
 
 
RMB
 
RMB
 
RMB
 
 
 
 
 
 
 
 
 
 
 
 
Bandwidth service provided by Guangzhou Sunhongs
 
 
74,661
 
 
96,224
 
 
92,068
 
Online games revenue shared from related parties
 
 
163,912
 
 
100,078
 
 
87,414
 
Repayment of loans from related parties
 
 
160,000
 
 
-
 
 
35,462
 
Partial disposal of investments to Guangzhou Chenjun
 
 
-
 
 
33,750
 
 
35,160
 
Loan to related parties
 
 
159,000
 
 
44,500
 
 
24,962
 
Payment on behalf of related parties, net of repayments
 
 
(60,870)
 
 
10,699
 
 
(23,116)
 
Partial disposal of a subsidiary to Guangzhou Chenjun
 
 
-
 
 
24,394
 
 
-
 
Purchase of operating rights from related parties
 
 
21,508
 
 
-
 
 
-
 
Others
 
 
21,153
 
 
13,573
 
 
14,987
 
 
As of December 31, 2016 and 2017, the amounts due from/to related parties are as follows:
 
 
 
December 31,
 
 
 
2016
 
2017
 
 
 
RMB
 
RMB
 
 
 
 
 
 
 
 
 
Amounts due from related parties, current
 
 
 
 
 
 
 
Due from Bigo
 
 
31,528
 
 
9,831
 
Due from Guangzhou Chenjun
 
 
58,144
 
 
-
 
Due from Xingxue
 
 
20,000
 
 
-
 
Due from Shanghai Rongyi
 
 
13,000
 
 
-
 
Others
 
 
12,573
 
 
1,359
 
 
 
 
 
 
 
 
 
Total
 
 
135,245
 
 
11,190
 
 
 
 
 
 
 
 
 
Amounts due from related parties, non-current
 
 
 
 
 
 
 
Due from Yunke Online
 
 
-
 
 
20,000
 
 
 
 
 
 
 
 
 
Amounts due to related parties
 
 
 
 
 
 
 
Due to Guangzhou Sunhongs
 
 
10,925
 
 
8,432
 
Due to Guangzhou Kuyou
 
 
30,996
 
 
7,583
 
Due to Shanghai Ansha
 
 
-
 
 
6,178
 
Due to Zhuhai Daren
 
 
1,998
 
 
5,269
 
Due to Xingxue
 
 
42,128
 
 
50
 
Others
 
 
5,198
 
 
2,990
 
 
 
 
 
 
 
 
 
Total
 
 
91,245
 
 
30,502
 
 
The other receivables/payables from/to related parties are unsecured and payable on demand.