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Investments (Tables)
12 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Equity Method Investments

The following tables set forth the summarized financial information of Ctrip:

 

     As of September 30,*  
     2015      2016      2016  
     RMB      RMB      US$  
     (In thousands)  

Current assets

     25,750,458        52,222,057        7,521,541  

Non-current assets

     23,500,517        83,336,195        12,002,909  

Current liabilities

     18,873,779        33,173,779        4,778,018  

Non-current liabilities

     17,492,002        31,127,826        4,483,339  

Noncontrolling interests

     1,063,306        3,678,212        529,773  

 

     For the twelve months
ended
September 30,*
 
     2014      2015     2016     2016  
     RMB      RMB     RMB     US$  
     (In thousands)  

Total revenues

     7,280,123        10,484,967       17,641,715       2,540,935  

Gross profit

     4,962,670        7,072,995       12,668,586       1,824,656  

Income (loss) from operations

     433,052        (115,056     (1,680,672     (242,067

Net income

     625,520        2,052,526       (2,176,932     (313,543

Net income attributable to the investees

     728,644        2,207,503       (2,000,291     (288,102

 

*

The Company adopted one-quarter lag in reporting its share of equity income in Ctrip

Schedule of Investments at Amortized Cost and Fair Value

The short-term held-to-maturity debt investments as well as the short-term available-for-sale investments will mature within one year; whereas the long-term held-to-maturity debt investments as well as the long-term available-for-sale debt investments will mature after one year through two years.

 

    As of December 31, 2015  
    Cost or
Amortized

cost
    Gross
unrecognized
holding
gains
    Gross
unrecognized
holding
losses
    Gross
unrealized
gains
    Gross
unrealized
losses
    Fair
value
 
  RMB     RMB     RMB     RMB     RMB     RMB  
    (In thousands)  

Short-term investments

           

Held-to-maturity investments

           

Fixed-rate investments

    36,942,840       197,848       (6,592         37,134,096  

Available-for-sale investments

           

Fixed-rate debt investments

    6,872,077           86,322         6,958,399  

Adjustable-rate debt investments

    13,137,500           187,885         13,325,385  

Equity investments

    600,543           142,075         742,618  

Long-term investments:

           

Held-to-maturity investments

           

Fixed-rate investments

    1,838,953         (32,507         1,806,446  

Available-for-sale  investments

           

Equity investments

    322,269             (45,304     276,965  

 

    As of December 31, 2016  
    Cost or
Amortized
cost
    Gross
unrecognized
holding

gains
    Gross
unrecognized
holding
losses
    Gross
unrealized
gains
    Gross
unrealized
losses
    Fair
value
    Fair
value
 
  RMB     RMB     RMB     RMB     RMB     RMB     US$  
    (In thousands)  

Short-term investments

             

Held-to-maturity investments

             

Fixed-rate investments

    41,802,170       70,018       (3,547         41,868,641       6,030,339  

Available-for-sale investments

             

Fixed-rate debt investments

    14,352,711           31,197       (6,052     14,377,856       2,070,842  

Adjustable-rate debt investments

    14,673,620           313,196         14,986,816       2,158,550  

Equity investments

    32,899             (4,112     28,787       4,146  

Trading securities

    7,685,697           61,739         7,747,436       1,115,863  

Long-term investments:

             

Available-for-sale investments

             

Equity investments

    527,596             (31,084     496,512       71,513