Related Party Transactions

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

22.RELATED PARTY TRANSACTIONS

a)The table below sets forth the major related parties and their relationships with the Group:

Name of related parties	Relationship with the Group
Baidu and its subsidiaries (“Baidu Group”) PAGAC IV-4 (Cayman) Limited ("PAG") Others	Controlling shareholder of the Company An entity, of which the co-founder and executive chairman is the director of the Company Equity investees that the Group or Baidu Group has significant influence over

b)The Group had the following related party transactions with the major related parties:

	For the year ended December 31,
	2021		2022		2023		2023
	RMB		RMB		RMB		US$
Membership services
Membership services revenue earned from    memberships sold to Baidu Group		—		54,401		92,900		13,085
Online advertising revenues
Advertising services provided to Baidu Group		122,919		55,664		17,696		2,492
Advertising services provided to Others		174,001		224,110		178,913		25,199
Content distribution revenues
Content licensed to Others (i)		297,304		190,398		260,086		36,632
Other revenues
Others		45,189		53,521		91,970		12,954
Interest income
Loan due from PAG		—		—		17,624		2,482
Cost of revenues
License fees to Baidu Group		13,894		8,183		20,416		2,876
Bandwidth and cloud services fee to Baidu Group		918,758		653,001		550,748		77,571
Others (ii)		306,392		223,149		326,927		46,047
Selling, general and administrative
Advertising services provided by Baidu Group		13,354		47,617		116,068		16,348
Others		10,989		22,011		24,642		3,471

(i)The transactions mainly represent revenues derived from content distributed to Investee A and Investee B.

(ii)The transactions mainly represent revenue sharing arrangements with various equity investees, pursuant to which the Group incurred revenue sharing cost for content uploaded or provided by the equity investees.

For the years ended December 31, 2021, 2022 and 2023, the Group purchased content and others from equity investees in an amount of RMB2,358,680, RMB1,513,683 and RMB1,602,510 (US$225,709), respectively. Except for the transaction disclosed above, other related party transactions were insignificant for each of the years presented.

c)The Group had the following related party balances with the major related parties:

Except for the non-trade balances disclosed below, amounts due from/due to related parties as of December 31, 2022 and 2023 relate to transactions arising from the ordinary and usual course of business of the Group and were trade in nature.

	As of December 31,
	2022		2023		2023
	RMB		RMB		US$
Amounts due from related parties, current:
Due from Baidu Group (i)		19,986		4,389		618
Loan due from PAG (ii)		—		1,437,044		202,403
Due from Others (iii)		84,168		265,591		37,408
		104,154		1,707,024		240,429
Amounts due from related parties, non-current:
Due from Others (iv)		59,880		158,590		22,336
		59,880		158,590		22,336

	As of December 31,
	2022		2023		2023
	RMB		RMB		US$
Amounts due to related parties, current:
Loans due to Baidu Group (v)		700,000		50,000		7,042
Due to Baidu Group (vi)		1,877,298		2,027,194		285,524
Deferred revenue in relation to services to be provided    to an equity investee (vii)		21,186		21,186		2,984
Due to Others (viii)		923,162		855,278		120,464
		3,521,646		2,953,658		416,014
Amounts due to related parties, non-current:
Due to Baidu Group (vi)		1,828		3,231		455
Deferred revenue in relation to services to be provided    to an equity investee (vii)		97,715		76,433		10,765
Due to Others		1,398		902		127
		100,941		80,566		11,347

(i)The balance mainly represents amounts due from Baidu Group for membership services, online advertising services and other services.

(ii)The balance represents a non-trade loan and interest receivables due from PAG with the principal of US$200 million (equivalent to RMB1,419.4 million) and interest rate of 6%, which will due on July 1, 2024 if the Company requires repayment, or otherwise will due on the date which PAG and its affiliates cease to hold any portion of the PAG Notes. PAG released certain collateral secured by the Company under the PAG Notes (Note 14) and pledged to the Company a portion of the PAG Notes, each in an amount equivalent to the amount of this non-trade loan.

(iii)The balance mainly represents amounts due from or advances made to equity investees for content distribution services and other services.

(iv)The balance mainly represents prepayments for licensed copyrights to be received from the Group’s equity investees.

(v)The total outstanding balance represents a non-trade interest-free loan of RMB50,000, which is due on demand and a non-trade interest-free loan of RMB650,000 which was provided by Baidu in January 2018 and fully repaid in March 2023.

(vi)The balance mainly represents amounts owed to Baidu for bandwidth and cloud services provided to the Group.

(vii)The balance represents deferred revenue in relation to licenses of intellectual property to be provided to Investee A.

(viii)The balance mainly represents amounts owed to the Group’s equity investees for acquisition of contents assets and advances made for online advertising services.