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Share-based compensation (Tables)
12 Months Ended
Dec. 31, 2017
Share-based compensation [Line Items]  
Summary of the restricted share units activity
 
 
Number of
restricted
shares
 
Weighted
average
grant-date
fair value (US$)
 
 
 
 
 
 
 
 
 
Outstanding, December 31, 2014
 
 
38,806,095
 
 
1.5984
 
 
 
 
 
 
 
 
 
Granted
 
 
16,012,644
 
 
3.3358
 
Forfeited
 
 
(7,312,548)
 
 
1.8920
 
Vested
 
 
(11,222,589)
 
 
1.4374
 
 
 
 
 
 
 
 
 
Outstanding, December 31, 2015
 
 
36,283,602
 
 
2.3535
 
 
 
 
 
 
 
 
 
Granted
 
 
1,530,008
 
 
1.8618
 
Forfeited
 
 
(4,628,202)
 
 
2.7386
 
Vested
 
 
(12,229,688)
 
 
2.0151
 
 
 
 
 
 
 
 
 
Outstanding, December 31, 2016
 
 
20,955,720
 
 
2.4320
 
 
 
 
 
 
 
 
 
Granted
 
 
22,090,030
 
 
5.3001
 
Forfeited
 
 
(4,007,728)
 
 
2.5561
 
Vested
 
 
(8,163,878)
 
 
2.3227
 
 
 
 
 
 
 
 
 
Outstanding, December 31, 2017
 
 
30,874,144
 
 
4.4969
 
 
 
 
 
 
 
 
 
Expected to vest at December 31, 2017
 
 
27,320,315
 
 
4.3810
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
Huya has used binomial option-pricing model to determine the fair value of the share options as of the grant dates. Key assumptions are set as below:
 
 
 
For the year ended
December 31,
 
 
 
2017
 
 
 
 
 
 
Weighted average fair value per option granted
 
 
1.3798
 
Weighted average exercise price
 
 
2.5500
 
Risk-free interest rate (1)
 
 
2.25
%
Expected term (in year) (2)
 
 
10
 
Expected volatility (3)
 
 
55
%
Dividend yield (4)
 
 
-
 
 
 
(1)
The risk-free interest rate of periods within the contractual life of the share option is based on the China Government Bond yield as at the valuation dates.
 
(2)
The expected term is the contract life of the option.
 
(3)
Expected volatility is estimated based on the average of historical volatilities of the comparable companies in the same industry as at the valuation dates.
 
(4)
Huya has no history or expectation of paying dividend on its ordinary shares. The expected dividend yield was estimated based on Huya’s expected dividend policy over the expected term of the option.
Pre-2009 Scheme Options [Member]  
Share-based compensation [Line Items]  
Summary of the activities of the Pre-2009 Scheme Options for employees and non-employee
 
 
Number of
options
 
Weighted
average
exercise
price (US$)
 
Weighted
average
remaining
contractual life
(years)
 
Aggregate
intrinsic
value
(US$)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, vested and exercisable, December 31, 2014
 
 
7,380,345
 
 
0.0061
 
 
3.52
 
 
22,959
 
Exercised
 
 
(6,611,970)
 
 
0.0061
 
 
2.46
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, vested and exercisable, December 31, 2015
 
 
768,375
 
 
0.0067
 
 
2.99
 
 
2,395
 
Exercised
 
 
(234,720)
 
 
0.0067
 
 
2.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, vested and exercisable, December 31, 2016
 
 
533,655
 
 
0.0067
 
 
1.98
 
 
1,048
 
Exercised
 
 
(379,120)
 
 
0.0067
 
 
0.97
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, vested and exercisable, December 31, 2017
 
 
154,535
 
 
0.0067
 
 
1.00
 
 
873
 
2017 Share Incentive Plan  
Share-based compensation [Line Items]  
Summary of the activities of the Pre-2009 Scheme Options for employees and non-employee
 
 
Number of options
 
Weighted
average
exercise
price (US$)
 
Weighted
average
remaining
contractual life
(years)
 
 
 
 
 
 
 
 
 
 
 
 
As of January 1, 2017
 
 
-
 
 
-
 
 
-
 
Granted
 
 
11,737,705
 
 
2.5500
 
 
10.00
 
Forfeited
 
 
(18,000)
 
 
2.5500
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2017
 
 
11,719,705
 
 
2.5500
 
 
9.75
 
Expected to vest at December 31, 2017
 
 
10,675,362
 
 
2.5500
 
 
9.61