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CHINA CONTRIBUTION PLAN
6 Months Ended
Jun. 30, 2017
CHINA CONTRIBUTION PLAN  
CHINA CONTRIBUTION PLAN

 

11.  CHINA CONTRIBUTION PLAN

 

The Company’s subsidiaries and consolidated VIEs in China participate in a government-mandated multi-employer defined contribution plan pursuant to which certain retirement, medical and other welfare benefits are provided to employees. Chinese labor regulations require the Company’s subsidiaries and consolidated VIEs to pay to the local labor bureau a monthly contribution at a stated contribution rate based on the monthly compensation of qualified employees. The relevant local labor bureau is responsible for meeting all retirement benefit obligations; the Company’s China-based subsidiaries and consolidated VIEs have no further commitments beyond their monthly contributions. For the three and six months ended June 30, 2017, the Company’s China based subsidiaries and consolidated VIEs contributed a total of $11,348 and $18,757, respectively, to these funds. For the three and six months ended June 30, 2016, the Company’s China based subsidiaries and consolidated VIEs contributed a total of $0 and $0, respectively, to these funds.