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Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions and Balances with Major Related Parties

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”)

The Company’s controlling shareholder and its subsidiaries

 

 

Others

Equity investees (Note 4)

 

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

 

 

 

For the nine months ended September 30,

 

 

 

2021

 

 

2022

 

 

2022

 

 

 

RMB

 

 

RMB

 

 

US$

 

 

 

 

 

 

 

 

 

 

 

Membership services

 

 

 

 

 

 

 

 

 

Membership services revenue earned from
   memberships sold to Baidu Group

 

 

 

 

 

30,243

 

 

 

4,251

 

Membership services revenue earned from
   memberships sold by Others

 

 

2,600

 

 

 

525

 

 

 

74

 

Online advertising revenues

 

 

 

 

 

 

 

 

 

Advertising services provided to Baidu Group

 

 

90,696

 

 

 

47,019

 

 

 

6,610

 

Advertising services provided to Others

 

 

127,353

 

 

 

156,548

 

 

 

22,007

 

Content distribution revenues

 

 

 

 

 

 

 

 

 

Content licensed to Others (i)

 

 

328,208

 

 

 

89,071

 

 

 

12,521

 

Other revenues

 

 

 

 

 

 

 

 

 

Other services provided to Baidu Group

 

 

11,740

 

 

 

1,302

 

 

 

183

 

Others

 

 

38,011

 

 

 

23,617

 

 

 

3,320

 

 

 

 

598,608

 

 

 

348,325

 

 

 

48,966

 

Cost of revenues

 

 

 

 

 

 

 

 

 

License fees to Baidu Group

 

 

8,149

 

 

 

6,109

 

 

 

859

 

Bandwidth fees to Baidu Group

 

 

711,655

 

 

 

501,248

 

 

 

70,464

 

Others (ii)

 

 

213,587

 

 

 

159,190

 

 

 

22,379

 

Selling, general and administrative

 

 

 

 

 

 

 

 

 

Advertising services provided by Baidu Group

 

 

8,841

 

 

 

22,669

 

 

 

3,187

 

Others

 

 

9,657

 

 

 

24,335

 

 

 

3,421

 

Research and development

 

 

 

 

 

 

 

 

 

Services fee to Others

 

 

 

 

 

1,651

 

 

 

232

 

 

 

 

951,889

 

 

 

715,202

 

 

 

100,542

 

(i) The transactions mainly represent revenues derived from content distributed to two equity method investees, Investee A and Investee B.

(ii) The transactions mainly represent revenue sharing arrangements with various equity investees.

For the nine months ended September 30, 2021 and 2022, the Group purchased content from equity investees for total amounts of RM1,652,949 and RMB941,753 (US$132,390), respectively.

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, 2021 and September 30, 2022 relate to transactions arising from the ordinary and usual course of business of the Group and were trade in nature.

 

 

 

As of

 

 

 

December 31,

 

 

September 30,

 

 

September 30,

 

 

 

2021

 

 

2022

 

 

2022

 

 

 

RMB

 

 

RMB

 

 

US$

 

Amounts due from related parties, current:

 

 

 

 

 

 

 

 

 

Due from Baidu Group (i)

 

 

34,894

 

 

 

14,809

 

 

 

2,082

 

Due from Others (ii)

 

 

120,618

 

 

 

55,621

 

 

 

7,819

 

 

 

 

155,512

 

 

 

70,430

 

 

 

9,901

 

Amounts due from related parties, non-current:

 

 

 

 

 

 

 

 

 

Due from Others (ii)

 

 

81,000

 

 

 

114,000

 

 

 

16,026

 

 

 

 

81,000

 

 

 

114,000

 

 

 

16,026

 

 

 

As of

 

 

 

December 31,

 

 

September 30,

 

 

September 30,

 

 

 

2021

 

 

2022

 

 

2022

 

 

 

RMB

 

 

RMB

 

 

US$

 

Amounts due to related parties, current:

 

 

 

 

 

 

 

 

 

Loans due to Baidu Group (iii)

 

 

50,000

 

 

 

700,000

 

 

 

98,404

 

Due to Baidu Group (iv)

 

 

1,402,493

 

 

 

1,837,255

 

 

 

258,278

 

Deferred revenue in relation to services to be provided
   to an equity investee (v)

 

 

211,802

 

 

 

115,759

 

 

 

16,273

 

Due to Others (vi)

 

 

969,794

 

 

 

666,664

 

 

 

93,718

 

 

 

 

2,634,089

 

 

 

3,319,678

 

 

 

466,673

 

Amounts due to related parties, non-current:

 

 

 

 

 

 

 

 

 

Loans due to Baidu Group (iii)

 

 

650,000

 

 

 

 

 

 

 

Due to Baidu Group (iv)

 

 

2,989

 

 

 

2,029

 

 

 

285

 

Deferred revenue in relation to services to be provided
   to an equity investee (v)

 

 

127,591

 

 

 

102,977

 

 

 

14,477

 

Due to Others

 

 

35

 

 

 

50

 

 

 

7

 

 

 

 

780,615

 

 

 

105,056

 

 

 

14,769

 

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

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

(iii) 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 provided by Baidu in January 2018 that will mature in January 2023.

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

(v) The balance represents deferred revenue in relation to content distribution, licenses of intellectual property and traffic support services to be provided to investee A.

(vi) The balance mainly represents amounts owed to the Group’s equity investees for licensed copyrights and advances made for online advertising services.