Share-Based Awards Plan (Tables)

12 Months Ended

Dec. 31, 2016

The following table summarizes the total share-based compensation cost recognized by the Group:


	For the years ended December 31,
	2014		2015		2016		2016
	RMB		RMB		RMB		US$
	(In thousands)
Expensed as cost of revenues		34,611		49,770		103,354		14,886
Expensed as selling, general and administrative		426,052		486,760		429,234		61,823
Expensed as research and development		502,077		850,588		1,227,400		176,782
Capitalized as part of internal-used software		—		1,381		214		31

The following table summarizes the option activity for the year ended December 31, 2016:


	Number of shares			Weighted average exercise price (US$)		Weighted average remaining contractual life (Years)		Aggregate intrinsic value (US$ in thousands)
Share options
Outstanding, December 31, 2015		220,165			1,437.70		7.55		115,458
Granted		50,409			1,684.20
Exercised		(26,933	)		1,011.90
Expired/Cancelled		(31	)		1,067.00
Forfeited		(12,371	)		1,505.80

Outstanding, December 31, 2016		231,239			1,537.40		7.25		61,621

Vested and expected to vest at December 31, 2016		205,508			1,507.80		7.12		58,927

Exercisable at December 31, 2016		114,141			1,279.30		6.06		51,362

The following table presents the assumptions used to estimate the fair values of the share options granted in the years presented:

2014

2015

2016

Risk-free interest rate

1.52%~1.77%

1.31%~1.36%

1.13%~1.47%

Dividend yield

—

Expected volatility range

40.96%~41.59%

40.04%~40.57%

38.91%~40.09%

Weighted average expected volatility

41.36%

40.21%

39.37%

Expected life (in years)

4.57

5.02~5.13

5.75~5.92

Restricted shares activity for the year ended December 31, 2016 was as follows:


	Number of shares			Weighted average grant date fair value (US$)
Restricted shares
Unvested, December 31, 2015		344,534			1,853.50
Granted		526,960			1,755.90
Vested		(93,409	)		1,716.50
Cancelled		(242	)		1,743.10
Forfeited		(70,572	)		1,831.50

Unvested, December 31, 2016		707,271			1,800.70