Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2016shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2016 |
Document Fiscal Year Focus | 2,016 |
Document Fiscal Period Focus | FY |
Trading Symbol | VNET |
Entity Registrant Name | 21VIANET GROUP, INC. |
Entity Central Index Key | 1,508,475 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Class A Ordinary Shares | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 505,207,968 |
Class B Ordinary Shares | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 174,649,638 |
Consolidated Balance Sheets
Consolidated Balance Sheets ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Current assets: | |||
Cash and cash equivalents | $ 186,867 | ¥ 1,297,418 | ¥ 1,685,054 |
Restricted cash | 282,812 | 1,963,561 | 195,230 |
Accounts and notes receivable (net of allowance for doubtful debt of RMB40,070 and RMB80,910 (US$11,653) as of December 31, 2015 and 2016, respectively) | 94,406 | 655,459 | 694,108 |
Short-term investments | 40,033 | 277,946 | 102,300 |
Inventories | 638 | 4,431 | 13,539 |
Prepaid expenses and other current assets | 111,930 | 777,131 | 642,553 |
Deferred tax assets | 6,245 | 43,362 | 31,113 |
Amounts due from related parties | 26,302 | 182,615 | 105,137 |
Total current assets | 749,233 | 5,201,923 | 3,469,034 |
Non-current assets: | |||
Property and equipment, net | 544,666 | 3,781,613 | 3,653,071 |
Intangible assets, net | 140,766 | 977,341 | 1,274,166 |
Land use rights, net | 24,146 | 167,646 | 64,682 |
Goodwill | 252,912 | 1,755,970 | 1,755,970 |
Restricted cash | 4,831 | 33,544 | 128,515 |
Deferred tax assets | 8,255 | 57,314 | 46,900 |
Long-term investments | 43,046 | 298,871 | 201,504 |
Amounts due from related parties | 70,000 | ||
Other non-current assets | 21,216 | 147,302 | 183,868 |
Total non-current assets | 1,039,838 | 7,219,601 | 7,378,676 |
Total assets | 1,789,071 | 12,421,524 | 10,847,710 |
Current liabilities: | |||
Short-term bank borrowings (including short-term bank borrowings of the Consolidated VIEs without recourse to the primary beneficiaries of RMB276,000 and RMB183,676 (US$26,455) as of December 31, 2015 and 2016, respectively) | 242,500 | 1,683,676 | 276,000 |
Accounts and notes payable (including accounts and notes payable of the Consolidated VIEs without recourse to the primary beneficiaries of RMB416,850 and RMB441,847 (US$63,639) as of December 31, 2015 and 2016, respectively) | 76,274 | 529,569 | 482,622 |
Accrued expenses and other payables (including accrued expenses and other payables of the Consolidated VIEs without recourse to the primary beneficiaries of RMB435,912 and RMB525,613 (US$75,704) as of December 31, 2015 and 2016, respectively) | 113,484 | 787,916 | 637,957 |
Advances from customers (including advances from customers of the Consolidated VIEs without recourse to the primary beneficiaries of RMB185,800 and RMB201,397 (US$29,007) as of December 31, 2015 and 2016, respectively) | 29,007 | 201,397 | 185,800 |
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of RMB332,091 and RMB311,191 (US$44,821) as of December 31, 2015 and 2016, respectively) | 46,093 | 320,023 | 342,105 |
Income taxes payable (including income taxes payable of the Consolidated VIEs without recourse to the primary beneficiaries of RMB43,949 and RMB25,466 (US$3,668) as of December 31, 2015 and 2016, respectively) | 3,154 | 21,899 | 49,959 |
Amounts due to related parties (including amounts due to related parties-current of the Consolidated VIEs without recourse to the primary beneficiaries of RMB48,762 and RMB53,295 (US$7,676) as of December 31, 2015 and 2016, respectively) | 17,561 | 121,928 | 397,588 |
Current portion of long-term bank borrowings (including current portion of long-term bank borrowings of the Consolidated VIEs without recourse to the primary beneficiaries of RMB12,422 and RMB12,564 (US$1,810) as of December 31, 2015 and 2016, respectively) | 5,661 | 39,303 | 38,803 |
Current portion of capital lease obligations (including current portion of capital lease obligations of the Consolidated VIEs without recourse to the primary beneficiaries of RMB123,694 and RMB203,394 (US$29,295) as of December 31, 2015 and 2016, respectively) | 35,103 | 243,723 | 140,488 |
Deferred government grant (including deferred government grant of the Consolidated VIEs without recourse to the primary beneficiaries of RMB6,332 and RMB5,107 (US$736) as of December 31, 2015 and 2016, respectively) | 736 | 5,107 | 6,332 |
Bonds payable (including bonds payable of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2015 and 2016, respectively) | 60,394 | 419,316 | 263,365 |
Total current liabilities | 629,967 | 4,373,857 | 2,821,019 |
Non-current liabilities: | |||
Amounts due to related parties (including amounts due to related parties of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2015 and 2016, respectively) | 27,384 | ||
Long-term bank borrowings (including long-term bank borrowings of the Consolidated VIEs without recourse to the primary beneficiaries of RMB27,534 and RMB219,055 (US$31,550) as of December 31, 2015 and 2016, respectively) | 38,632 | 268,221 | 103,421 |
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of RMB68,535 and RMB62,531 (US$9,006) as of December 31, 2015 and 2016, respectively) | 9,006 | 62,531 | 68,535 |
Bonds payable (including bonds payable of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2015 and 2016, respectively) | 1,984,685 | ||
Non-current portion of capital lease obligations (including non-current portion of capital lease obligations of the Consolidated VIEs without recourse to the primary beneficiaries of RMB543,503 and RMB581,568 (US$83,763) as of December 31, 2015 and 2016, respectively) | 77,290 | 536,623 | 579,070 |
Unrecognized tax benefits (including unrecognized tax benefits of the Consolidated VIEs without recourse to the primary beneficiaries of RMB11,098 and RMB24,153 (US$3,479) as of December 31, 2015 and 2016, respectively) | 4,132 | 28,689 | 14,492 |
Deferred tax liabilities (including deferred tax liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of RMB218,522 and RMB182,877 (US$26,340) as of December 31, 2015 and 2016, respectively) | 39,565 | 274,700 | 293,212 |
Deferred government grants (including deferred government grants of the Consolidated VIEs without recourse to the primary beneficiaries of RMB31,288 and RMB25,886 (US$3,728) as of December 31, 2015 and 2016, respectively) | 3,728 | 25,886 | 31,288 |
Mandatorily redeemable noncontrolling interests (including mandatorily redeemable noncontrolling interests of the Consolidated VIEs without recourse to the primary beneficiaries of RMB100,000 and nil as of December 31, 2015 and 2016, respectively) | 100,000 | ||
Total non-current liabilities | 172,353 | 1,196,650 | 3,202,087 |
Total liabilities | 802,320 | 5,570,507 | 6,023,106 |
Commitments and contingencies | |||
Redeemable noncontrolling interests | 100,821 | 700,000 | 790,229 |
Shareholders' equity: | |||
Additional paid-incapital | 1,298,551 | 9,015,846 | 6,403,117 |
Accumulated other comprehensive (loss) income | 17,037 | 118,290 | (24,236) |
Statutory reserves | 9,308 | 64,622 | 63,174 |
Accumulated deficit | (413,226) | (2,869,031) | (2,233,985) |
Treasury stock | (29,462) | (204,557) | (193,142) |
Total 21Vianet Group, Inc. shareholders' equity | 882,214 | 6,125,215 | 4,014,962 |
Noncontrolling interest | 3,716 | 25,802 | 19,413 |
Total shareholders' equity | 885,930 | 6,151,017 | 4,034,375 |
Total liabilities, redeemable noncontrolling interests and shareholders' equity | 1,789,071 | 12,421,524 | 10,847,710 |
Class A Ordinary Shares | |||
Shareholders' equity: | |||
Ordinary shares | 4 | 33 | 30 |
Class B Ordinary Shares | |||
Shareholders' equity: | |||
Ordinary shares | $ 2 | ¥ 12 | ¥ 4 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2016CNY (¥)shares | Dec. 31, 2015CNY (¥)shares | |||
Accounts and notes receivable, allowance for doubtful accounts | $ 11,653 | ¥ 80,910 | ¥ 40,070 | |||
Short-term bank and other borrowings of the Consolidated VIEs without recourse to the primary beneficiaries | 242,500 | 1,683,676 | 276,000 | |||
Accounts and notes payable of the Consolidated VIEs without recourse to the primary beneficiaries | 76,274 | 529,569 | 482,622 | |||
Accrued expenses and other payables of the Consolidated VIEs without recourse to the primary beneficiaries | 113,484 | 787,916 | 637,957 | |||
Advance from customers of the Consolidated VIEs without recourse to the primary beneficiaries | 29,007 | 201,397 | 185,800 | |||
Deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries | 46,093 | 320,023 | 342,105 | |||
Income tax payables of the Consolidated VIEs without recourse to the primary beneficiaries. | 3,154 | 21,899 | 49,959 | |||
Amount due to related parties of the Consolidated VIEs without recourse to the primary beneficiaries | 17,561 | 121,928 | 397,588 | |||
Current portion of long term bank and other borrowings of the Consolidated VIEs without recourse to the primary beneficiaries | 5,661 | 39,303 | 38,803 | |||
Current portion of capital lease obligations of the Consolidated VIEs without recourse to the primary beneficiaries. | 35,103 | 243,723 | 140,488 | |||
Deferred government grant of the Consolidated VIEs without recourse to the primary beneficiaries | 736 | 5,107 | 6,332 | |||
Bonds payable Consolidated VIEs without recourse to the primary beneficiaries. | 60,394 | 419,316 | 263,365 | |||
Non-current portion of amount due to related parties of the Consolidated VIEs without recourse to the beneficiaries | ¥ | 27,384 | |||||
Long-term bank borrowings of the Consolidated VIEs without recourse to the primary beneficiaries | 38,632 | 268,221 | 103,421 | |||
Deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries | 9,006 | 62,531 | 68,535 | |||
Bonds payable Consolidated VIEs without recourse to the primary beneficiaries. | ¥ | 1,984,685 | |||||
Non-current portion of capital lease obligations of the Consolidated VIEs without recourse to the primary beneficiaries | 77,290 | 536,623 | 579,070 | |||
Unrecognized tax benefits of the Consolidated VIEs without recourse to the primary beneficiaries | 4,132 | 28,689 | 14,492 | |||
Deferred tax liabilities of the Consolidated VIEs without recourse to the primary beneficiaries. | 39,565 | 274,700 | 293,212 | |||
Deferred government grants of the Consolidated VIEs without recourse to the primary beneficiaries. | $ 3,728 | ¥ 25,886 | 31,288 | |||
Mandatorily redeemable noncontrolling interests of the Consolidated VIEs without recourse to the primary beneficiaries | ¥ | ¥ 100,000 | |||||
Class A Ordinary Shares | ||||||
Ordinary shares, par value (in dollars per share) | $ / shares | $ 0.00001 | |||||
Ordinary shares, shares authorized (in shares) | 1,200,000,000 | 1,200,000,000 | 1,200,000,000 | |||
Ordinary shares, shares issued (in shares) | 505,207,968 | 505,207,968 | 458,916,346 | |||
Ordinary shares, shares outstanding (in shares) | 505,207,968 | 505,207,968 | 458,916,346 | |||
Class B Ordinary Shares | ||||||
Ordinary shares, par value (in dollars per share) | $ / shares | $ 0.00001 | |||||
Ordinary shares, shares authorized (in shares) | 300,000,000 | 300,000,000 | 300,000,000 | |||
Ordinary shares, shares issued (in shares) | 174,649,638 | 174,649,638 | 63,596,248 | |||
Ordinary shares, shares outstanding (in shares) | 174,649,638 | 174,649,638 | 63,596,248 | |||
Variable Interest Entity, Primary Beneficiary | ||||||
Short-term bank and other borrowings of the Consolidated VIEs without recourse to the primary beneficiaries | $ 26,455 | ¥ 183,676 | ¥ 276,000 | |||
Accounts and notes payable of the Consolidated VIEs without recourse to the primary beneficiaries | 63,639 | 441,847 | 416,850 | |||
Accrued expenses and other payables of the Consolidated VIEs without recourse to the primary beneficiaries | 75,704 | 525,613 | 435,912 | |||
Advance from customers of the Consolidated VIEs without recourse to the primary beneficiaries | 29,007 | 201,397 | 185,800 | |||
Deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries | 44,821 | 311,191 | 332,091 | |||
Income tax payables of the Consolidated VIEs without recourse to the primary beneficiaries. | 3,668 | 25,466 | 43,949 | |||
Amount due to related parties of the Consolidated VIEs without recourse to the primary beneficiaries | 7,676 | [1] | 53,295 | [1] | 48,762 | [1] |
Current portion of long term bank and other borrowings of the Consolidated VIEs without recourse to the primary beneficiaries | 1,810 | 12,564 | 12,422 | |||
Current portion of capital lease obligations of the Consolidated VIEs without recourse to the primary beneficiaries. | 29,295 | 203,394 | 123,694 | |||
Deferred government grant of the Consolidated VIEs without recourse to the primary beneficiaries | 736 | 5,107 | 6,332 | |||
Bonds payable Consolidated VIEs without recourse to the primary beneficiaries. | 0 | 0 | 0 | |||
Non-current portion of amount due to related parties of the Consolidated VIEs without recourse to the beneficiaries | ||||||
Long-term bank borrowings of the Consolidated VIEs without recourse to the primary beneficiaries | 31,550 | 219,055 | 27,534 | |||
Deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries | 9,006 | 62,531 | 68,535 | |||
Bonds payable Consolidated VIEs without recourse to the primary beneficiaries. | 0 | 0 | 0 | |||
Non-current portion of capital lease obligations of the Consolidated VIEs without recourse to the primary beneficiaries | 83,763 | 581,568 | 543,503 | |||
Unrecognized tax benefits of the Consolidated VIEs without recourse to the primary beneficiaries | 3,479 | 24,153 | 11,098 | |||
Deferred tax liabilities of the Consolidated VIEs without recourse to the primary beneficiaries. | 26,340 | 182,877 | 218,522 | |||
Deferred government grants of the Consolidated VIEs without recourse to the primary beneficiaries. | 3,728 | 25,886 | 31,288 | |||
Mandatorily redeemable noncontrolling interests of the Consolidated VIEs without recourse to the primary beneficiaries | $ 0 | ¥ 0 | ¥ 100,000 | |||
[1] | Information with respect to related parties is discussed in Note 24. |
Consolidated Statements of Oper
Consolidated Statements of Operations ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2016CNY (¥)¥ / sharesshares | Dec. 31, 2015CNY (¥)¥ / sharesshares | Dec. 31, 2014CNY (¥)¥ / sharesshares | |
Net revenues | ||||
Hosting and related services | $ 384,366 | ¥ 2,668,655 | ¥ 2,369,223 | ¥ 1,505,233 |
Managed network services | 140,159 | 973,119 | 1,265,149 | 1,371,214 |
Total net revenues | 524,525 | 3,641,774 | 3,634,372 | 2,876,447 |
Cost of revenues | (421,956) | (2,929,638) | (2,780,614) | (2,066,304) |
Gross profit | 102,569 | 712,136 | 853,758 | 810,143 |
Operating income (expenses) | ||||
Operating income | 977 | 6,783 | 8,569 | |
Sales and marketing expenses | (50,832) | (352,926) | (359,460) | (287,229) |
Research and development expenses | (21,509) | (149,337) | (142,835) | (121,676) |
General and administrative expenses | (92,128) | (639,648) | (568,741) | (483,396) |
Allowance for doubtful debt | (16,933) | (117,564) | (32,199) | (9,913) |
Changes in the fair value of contingent purchase consideration payables | 13,439 | 93,307 | (43,325) | (22,629) |
Impairment of long-lived assets | (56,596) | (392,947) | ||
Total operating income (expenses) | (223,582) | (1,552,332) | (1,137,991) | (924,843) |
Operating loss | (121,013) | (840,196) | (284,233) | (114,700) |
Interest income | 3,036 | 21,078 | 53,494 | 67,904 |
Interest expense | (28,603) | (198,589) | (274,184) | (232,020) |
Loss on debt extinguishment | (4,298) | (29,841) | (41,581) | |
Other income | 4,166 | 28,922 | 30,430 | 26,560 |
Other expense | (2,369) | (16,449) | (3,701) | (1,040) |
Foreign exchange (loss) gain | 8,115 | 56,341 | 72,394 | (16,256) |
Loss before income taxes and (loss) gain from equity method investments | (140,966) | (978,734) | (405,800) | (311,133) |
Income tax (expense) benefits | 1,607 | 11,160 | (47,830) | (16,673) |
(Loss) gain from equity method investments | 5,135 | 35,652 | 52,355 | (671) |
Net loss | (134,224) | (931,922) | (401,275) | (328,477) |
Net (income) loss attributable to noncontrolling interest | 42,968 | 298,324 | (26,824) | (20,003) |
Net loss attributable to the Company's ordinary shareholders | $ (91,256) | ¥ (633,598) | ¥ (428,099) | ¥ (348,480) |
Loss per share: | ||||
Basic (in per share) | (per share) | $ (0.20) | ¥ (1.37) | ¥ (0.85) | ¥ (0.89) |
Diluted (in per share) | (per share) | $ (0.20) | ¥ (1.37) | ¥ (0.85) | ¥ (0.89) |
Shares used in loss per share computation: | ||||
Weighted-average number of shares outstanding - basic (in shares) | 617,169,833 | 617,169,833 | 492,065,239 | 401,335,788 |
Weighted-average number of shares outstanding-diluted (in shares) | 617,169,833 | 617,169,833 | 492,065,239 | 401,335,788 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Loss ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Statement of Comprehensive Income [Abstract] | ||||
Net loss | $ (134,224) | ¥ (931,922) | ¥ (401,275) | ¥ (328,477) |
Other comprehensive income, net of tax of nil: | ||||
Foreign currency translation adjustments, net of tax of nil | 20,528 | 142,526 | 41,518 | 16,835 |
Other comprehensive income, net of tax of nil | 20,528 | 142,526 | 41,518 | 16,835 |
Comprehensive loss | (113,696) | (789,396) | (359,757) | (311,642) |
Comprehensive (income) loss attributable to noncontrolling interest | 42,968 | 298,324 | (26,824) | (20,003) |
Comprehensive loss attributable to the Company's ordinary shareholders | $ (70,728) | ¥ (491,072) | ¥ (386,581) | ¥ (331,645) |
Consolidated Statements of Com6
Consolidated Statements of Comprehensive Loss (Parenthetical) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Statement of Comprehensive Income [Abstract] | ||||
Foreign currency translation adjustments, net | $ 0 | ¥ 0 | ¥ 0 | ¥ 0 |
Other comprehensive income, tax | $ 0 | ¥ 0 | ¥ 0 | ¥ 0 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Net loss | $ (134,224) | ¥ (931,922) | ¥ (401,275) | ¥ (328,477) |
Adjustments to reconcile net loss to net cash generated from operating activities: | ||||
Foreign exchange loss (gain) | (8,115) | (56,341) | (72,394) | 16,256 |
Changes in the fair value of contingent purchase consideration payables | (13,439) | (93,307) | 43,325 | 22,629 |
Depreciation of property and equipment | 69,150 | 480,105 | 402,035 | 278,986 |
Amortization of intangible assets | 26,496 | 183,964 | 184,147 | 127,669 |
(Gain) loss on disposal of property and equipment and intangible assets | 1,743 | 12,101 | 106 | (2,659) |
Allowance for doubtful debt | 16,933 | 117,564 | 32,199 | 9,913 |
Stock based compensation expense | 17,101 | 118,729 | 190,027 | 233,735 |
Deferred income tax benefits | (9,496) | (65,932) | (20,262) | (28,728) |
Loss (gain) from equity method investments | (5,135) | (35,652) | (52,355) | 671 |
Loss on debt extinguishment | 4,298 | 29,841 | 41,581 | |
Gain from cost method investments | (743) | (5,160) | ||
Impairment of long-lived assets | 56,596 | 392,947 | ||
Changes in operating assets and liabilities, net of effects of acquisitions: | ||||
Restricted cash | 4,978 | 34,561 | (83,913) | (47,175) |
Accounts and notes receivable | (5,903) | (40,988) | 15,086 | (81,744) |
Inventories | 1,312 | 9,108 | (3,480) | (2,341) |
Prepaid expenses and other current assets | (21,430) | (148,776) | (278,229) | (103,314) |
Amounts due from related parties | (2,442) | (16,958) | (17,927) | (1,757) |
Accounts and notes payables | 6,762 | 46,947 | 96,548 | 121,698 |
Unrecognized tax benefits (expense) | 2,045 | 14,197 | (5,961) | 1,894 |
Accrued expenses and other payables | 11,841 | 82,216 | 92,692 | (46,945) |
Deferred revenue | (4,045) | (28,086) | (10,845) | (10,643) |
Advances from customers | 2,246 | 15,597 | 88,121 | 97,133 |
Income taxes payable | (4,041) | (28,060) | 14,946 | 8,946 |
Deferred government grants | (954) | (6,627) | 4,048 | 13,409 |
Amounts due to related parties | 512 | 3,552 | 195 | 4,628 |
Net cash generated from operating activities | 12,046 | 83,620 | 216,834 | 325,365 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Purchases of property and equipment | (82,745) | (574,501) | (1,052,271) | (800,510) |
Assets acquisition of BJ Yichengtaihe | (137,445) | |||
Purchases of intangible assets | (5,473) | (37,999) | (47,513) | (58,201) |
Proceeds from disposal of property and equipment | 7 | 51 | 1,702 | 16,638 |
Payments for short-term investments | (41,067) | (285,127) | (1,675,157) | (152,143) |
Loans to related parties | (118,626) | |||
Loans to third parties | (73,472) | (198,422) | ||
Receipt of loan to a related party | 38,999 | |||
Receipt of loan to a third party | 6,233 | 43,279 | 50,000 | |
Proceeds received from maturity of short-term investments | 16,175 | 112,300 | 2,496,826 | 442,998 |
Proceeds from disposal of long-term investments | 1,623 | 11,269 | ||
Payments for business acquisitions, net of cash acquired (Note 4) | (1,308,221) | |||
Payments for long-term investments | (7,014) | (48,701) | (20,245) | (36,864) |
Payments for available-for-sale investments | (767) | (5,324) | ||
Payments for assets acquisition, net of cash acquired (Note 4) | (8,104) | (56,264) | ||
Net cash used in investing activities | (121,132) | (841,017) | (370,130) | (2,261,797) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Restricted cash | (244,766) | (1,699,411) | 50,332 | 81,151 |
Proceeds from exercise of stock options | 650 | 4,510 | 7,344 | 2,981 |
Proceeds from issuance of ordinary shares | 367,088 | 2,548,695 | 1,808,498 | |
Prepayments for consideration in relation to acquisitions | (377) | (2,617) | (19,310) | (4,870) |
Repayment of 2016 bonds (Note 17) | (38,067) | (264,300) | ||
Proceeds from issuance of bonds, net | 1,980,640 | |||
Proceeds from long-term bank borrowings | 30,912 | 214,620 | 85,213 | 48,076 |
Proceeds from short-term bank borrowings | 248,549 | 1,725,676 | 300,000 | 362,928 |
Repayment of long-term bank borrowings | (7,104) | (49,320) | (960,317) | (195,785) |
Repayment of short-term bank borrowings | (45,802) | (318,000) | (184,181) | (380,418) |
Payments for purchase of noncontrolling interest/mandatorily redeemable noncontrolling interests | (14,403) | (100,000) | (8,000) | |
Payments for acquisition of property and equipment through capital leases | (3,405) | (23,638) | (81,547) | (31,983) |
Advance of loan from a third party | 150,000 | |||
Repayment of loan from a third party | (50,000) | |||
Proceeds from sales and leaseback transactions | 130,000 | 164,000 | ||
Rental prepayment and deposits for sales and leaseback transactions | (21,996) | (152,715) | (13,000) | (30,716) |
Contribution from noncontrolling interest in a subsidiary | 576 | 4,000 | ||
Prepayment for future share repurchase plan | (5,621) | (39,028) | ||
Payments for share repurchase plan | (6,145) | (42,665) | (213,665) | |
Net cash generated from financing activities | 30,169 | 209,472 | 1,115,032 | 1,121,732 |
Effect of foreign exchange rate changes on cash and cash equivalents | 23,086 | 160,289 | 78,903 | 259 |
Net (decrease) increase in cash and cash equivalents | (55,831) | (387,636) | 1,040,639 | (814,441) |
Cash and cash equivalents at beginning of year | 242,698 | 1,685,054 | 644,415 | 1,458,856 |
Cash and cash equivalents at end of year | 186,867 | 1,297,418 | 1,685,054 | 644,415 |
Supplemental disclosures of cash flow information: | ||||
Income taxes paid | (7,252) | (50,349) | (62,815) | (32,750) |
Interest paid | (22,422) | (155,679) | (242,713) | (229,348) |
Interest received | 2,864 | 19,886 | 61,490 | 83,376 |
Supplemental disclosures of non-cash activities: | ||||
Purchase of property and equipment through capital leases | 8,755 | 60,788 | 135,940 | 231,879 |
Purchase of property and equipment included in accrued expenses and other payables, notes payable, and amounts due to related parties | (7,442) | (51,669) | (94,782) | 125,682 |
Purchase of intangible assets included in accrued expenses and other payables | (189) | (1,310) | (1,392) | (4,946) |
Contingent consideration related to the acquisitions included in amount due to related parties | (44,091) | (306,126) | ¥ (174,761) | 370,752 |
Bonds 7.875% Due 2016 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Repurchase of bonds (Note 17) | ¥ (760,607) | |||
Bonds 6.875% Due 2017 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Repurchase of bonds (Note 17) | $ (229,920) | ¥ (1,596,335) |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity ¥ in Thousands, $ in Thousands | USD ($)shares | CNY (¥)shares | Esta/King Venture/XiaomiCNY (¥) | Ordinary sharesUSD ($)shares | Ordinary sharesCNY (¥)shares | Ordinary sharesEsta/King Venture/XiaomiCNY (¥)shares | Treasury stockUSD ($) | Treasury stockCNY (¥) | Additional paid-in capitalUSD ($) | Additional paid-in capitalCNY (¥) | Additional paid-in capitalEsta/King Venture/XiaomiCNY (¥) | Accumulated other comprehensive (loss) incomeUSD ($) | Accumulated other comprehensive (loss) incomeCNY (¥) | Statutory reservesUSD ($) | Statutory reservesCNY (¥) | Accumulated deficitUSD ($) | Accumulated deficitCNY (¥) | Total 21Vianet Group, Inc. shareholders' equityUSD ($) | Total 21Vianet Group, Inc. shareholders' equityCNY (¥) | Total 21Vianet Group, Inc. shareholders' equityEsta/King Venture/XiaomiCNY (¥) | Non-controlling interestUSD ($) | Non-controlling interestCNY (¥) |
Beginning Balance (in shares) at Dec. 31, 2013 | shares | 398,226,535 | 398,226,535 | ||||||||||||||||||||
Beginning balance at Dec. 31, 2013 | ¥ 2,475,301 | ¥ 26 | ¥ (8,917) | ¥ 3,944,764 | ¥ (82,589) | ¥ 35,178 | ¥ (1,429,410) | ¥ 2,459,052 | ¥ 16,249 | |||||||||||||
Consolidated net loss | (346,293) | (348,480) | (348,480) | 2,187 | ||||||||||||||||||
Contribution by noncontrolling interest through acquisition | 5,597 | 5,597 | ||||||||||||||||||||
Foreign exchange difference | 16,950 | 16,950 | 16,950 | |||||||||||||||||||
Issuance of new shares (in shares) | shares | 6,350,610 | 6,350,610 | ||||||||||||||||||||
Settlement of post-acquisition compensation expense by treasury stock (in shares) | shares | 456,288 | 456,288 | ||||||||||||||||||||
Settlement of post-acquisition compensation expense by treasury stock | 8,917 | (8,802) | (115) | |||||||||||||||||||
Share based compensation | 110,449 | 110,449 | 110,449 | |||||||||||||||||||
Post-compensation by treasury stock | 117,207 | 117,207 | 117,207 | |||||||||||||||||||
Reclassification of contingent consideration payable upon resolution of contingencies | 66,280 | 66,280 | 66,280 | |||||||||||||||||||
Appropriation of statutory reserves | 17,085 | (17,085) | ||||||||||||||||||||
(Increase) Decrease in accretion of redeemable noncontrolling interests | (7,850) | (7,850) | (7,850) | |||||||||||||||||||
Share repurchase (in shares) | shares | (9,318,510) | (9,318,510) | ||||||||||||||||||||
Share repurchase | (213,665) | (213,665) | (213,665) | |||||||||||||||||||
Share options exercised (in shares) | shares | 1,828,910 | 1,828,910 | ||||||||||||||||||||
Share options exercised | 2,981 | 2,981 | 2,981 | |||||||||||||||||||
Restricted share units vested | shares | 4,065,420 | 4,065,420 | ||||||||||||||||||||
Restricted share units vested | 0 | $ 0 | ¥ 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Settlement of share options with shares held by depository bank (in shares) | shares | (5,374,944) | (5,374,944) | ||||||||||||||||||||
Settlement of share options with shares held by depository bank | 0 | $ 0 | ¥ 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Ending Balance (in shares) at Dec. 31, 2014 | shares | 396,234,309 | 396,234,309 | ||||||||||||||||||||
Ending Balance at Dec. 31, 2014 | 2,226,957 | ¥ 26 | (213,665) | 4,225,029 | (65,754) | 52,263 | (1,794,975) | 2,202,924 | 24,033 | |||||||||||||
Consolidated net loss | (425,648) | (428,099) | (428,099) | 2,451 | ||||||||||||||||||
Contribution by noncontrolling interest through acquisition | (8,000) | (1,963) | (1,963) | (6,037) | ||||||||||||||||||
Foreign exchange difference | 41,518 | 41,518 | 41,518 | |||||||||||||||||||
Issuance of new shares for stock consideration settlement (in shares) | shares | 13,098,599 | 13,098,599 | ||||||||||||||||||||
Issuance of new shares for stock consideration settlement | ¥ 1 | (1) | ||||||||||||||||||||
Issuance of new shares (in shares) | shares | 98,672,082 | |||||||||||||||||||||
Issuance of new shares | ¥ 1,808,498 | ¥ 7 | ¥ 1,808,491 | ¥ 1,808,498 | ||||||||||||||||||
Issuance of new shares for share option exercise and restricted share units vested (in shares) | shares | 6,429,372 | 6,429,372 | ||||||||||||||||||||
Issuance of new shares for share option exercise and restricted share units vested | 2,105 | 2,105 | 2,105 | |||||||||||||||||||
Settlement of post-acquisition compensation expense by treasury stock (in shares) | shares | 878,232 | 878,232 | ||||||||||||||||||||
Settlement of post-acquisition compensation expense by treasury stock | 20,523 | (20,523) | ||||||||||||||||||||
Share based compensation | ¥ 162,346 | 162,346 | 162,346 | |||||||||||||||||||
Shares issued to depository bank (in shares) | shares | 7,200,000 | 7,200,000 | 7,200,000 | 7,200,000 | ||||||||||||||||||
Share issued to depository bank | ¥ 0 | $ 0 | ¥ 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Reclassification of contingent consideration payable upon resolution of contingencies | 214,543 | 214,543 | 214,543 | |||||||||||||||||||
Appropriation of statutory reserves | 10,911 | (10,911) | ||||||||||||||||||||
Appropriation of dividend | (1,034) | (1,034) | ||||||||||||||||||||
(Increase) Decrease in accretion of redeemable noncontrolling interests | 7,850 | 7,850 | 7,850 | |||||||||||||||||||
Share options exercised (in shares) | shares | 2,454,420 | 2,454,420 | ||||||||||||||||||||
Share options exercised | 5,240 | 5,240 | 5,240 | |||||||||||||||||||
Restricted share units vested | shares | 4,462,098 | 4,462,098 | ||||||||||||||||||||
Settlement of share options with shares held by depository bank (in shares) | shares | (6,916,518) | (6,916,518) | ||||||||||||||||||||
Settlement of share options with shares held by depository bank | 0 | $ 0 | ¥ 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Ending Balance (in shares) at Dec. 31, 2015 | shares | 522,512,594 | 522,512,594 | ||||||||||||||||||||
Ending Balance at Dec. 31, 2015 | 4,034,375 | ¥ 34 | (193,142) | 6,403,117 | (24,236) | 63,174 | (2,233,985) | 4,014,962 | 19,413 | |||||||||||||
Consolidated net loss | (631,209) | (633,598) | (633,598) | 2,389 | ||||||||||||||||||
Contribution from noncontrolling interest in a subsidiary | 4,000 | 4,000 | ||||||||||||||||||||
Foreign exchange difference | 142,526 | 142,526 | 142,526 | |||||||||||||||||||
Issuance of new shares for stock consideration settlement (in shares) | shares | 10,087,476 | 10,087,476 | ||||||||||||||||||||
Issuance of new shares for stock consideration settlement | ¥ 1 | (1) | ||||||||||||||||||||
Issuance of new shares (in shares) | shares | 143,050,264 | 143,050,264 | ||||||||||||||||||||
Issuance of new shares | 2,548,695 | ¥ 10 | 2,548,685 | 2,548,695 | ||||||||||||||||||
Issuance of new shares for share option exercise and restricted share units vested (in shares) | shares | 3,261,456 | 3,261,456 | ||||||||||||||||||||
Issuance of new shares for share option exercise and restricted share units vested | 1,119 | 1,119 | 1,119 | |||||||||||||||||||
Settlement of post-acquisition compensation expense by treasury stock (in shares) | shares | 1,338,966 | 1,338,966 | ||||||||||||||||||||
Settlement of post-acquisition compensation expense by treasury stock | 536 | 31,250 | (30,714) | 536 | ||||||||||||||||||
Share based compensation | ¥ 90,734 | 90,734 | 90,734 | |||||||||||||||||||
Shares issued to depository bank (in shares) | shares | 4,500,000 | 4,500,000 | 4,500,000 | 4,500,000 | ||||||||||||||||||
Share issued to depository bank | ¥ 0 | $ 0 | ¥ 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Reclassification of contingent consideration payable upon resolution of contingencies | 210,000 | 210,000 | 210,000 | |||||||||||||||||||
Appropriation of statutory reserves | 1,448 | (1,448) | ||||||||||||||||||||
(Increase) Decrease in accretion of redeemable noncontrolling interests | (210,485) | (210,485) | (210,485) | |||||||||||||||||||
Share repurchase (in shares) | shares | (4,893,150) | (4,893,150) | ||||||||||||||||||||
Share repurchase | (42,665) | (42,665) | (42,665) | |||||||||||||||||||
Share options exercised (in shares) | shares | 921,594 | 921,594 | ||||||||||||||||||||
Share options exercised | 3,391 | 3,391 | 3,391 | |||||||||||||||||||
Restricted share units vested | shares | 6,957,984 | 6,957,984 | ||||||||||||||||||||
Restricted share units vested | 0 | $ 0 | ¥ 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Settlement of share options with shares held by depository bank (in shares) | shares | (7,879,578) | (7,879,578) | ||||||||||||||||||||
Settlement of share options with shares held by depository bank | 0 | $ 0 | ¥ 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Ending Balance (in shares) at Dec. 31, 2016 | shares | 679,857,606 | 679,857,606 | ||||||||||||||||||||
Ending Balance at Dec. 31, 2016 | $ 885,930 | ¥ 6,151,017 | $ 6 | ¥ 45 | $ (29,462) | ¥ (204,557) | $ 1,298,551 | ¥ 9,015,846 | $ 17,037 | ¥ 118,290 | $ 9,308 | ¥ 64,622 | $ (413,226) | ¥ (2,869,031) | $ 882,214 | ¥ 6,125,215 | $ 3,716 | ¥ 25,802 |
Organization
Organization | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Organization | 1. ORGANIZATION 21Vianet Group, Inc. (the “Company”) was incorporated under the laws of the Cayman Islands on October 16, 2009 and its principal activity is investment holding. The Company is principally engaged in the provision of Hosting and related services and Managed network services. (a) As of December 31, 2016, the significant subsidiaries of the Company and consolidated variable interest entities are as follows: Entity Date of incorporation/ Acquisition Place of Percentage Principal activities Direct Subsidiaries: 21ViaNet Group Limited May 25, 2007 Hong Kong 100 % Investment holding 21ViaNet Data Center Co., Ltd. (1) June 12, 2000 PRC 100 % Provision of technical and consultation services and rental of long-lived assets Fastweb International Holdings (5) September 9, 2012 Cayman Islands 100 % Investment holding Hong Kong Fastweb (5) September 9, 2012 Hong Kong 100 % Investment holding Beijing Fastweb Technology Co., Ltd. (1) / (5) September 9, 2012 PRC 100 % Dormant company 21Vianet (Foshan) Technology Co., Ltd. (1) December 20, 2011 PRC 100 % Trading of network equipment, provision of technical and internet data center services 21Vianet Anhui Suzhou Technology Co., Ltd. (1) November 16, 2011 PRC 100 % Trading of network equipment 21Vianet Xi’an Holding Limited (4) July 5, 2012 British Virgin Islands 100 % Investment holding 21Vianet (Xi’an) Technology (1) /(4) July 5, 2012 PRC 100 % Provision of technical and internet data center 21Vianet Hangzhou Information Technology Co., Ltd. (1) March 4, 2013 PRC 100 % Provision of internet data center services 21Vianet Mobile Limited (7) April 30, 2013 Hong Kong 100 % Investment holding Joytone Infotech Co., Ltd. (1) / (7) April 30, 2013 PRC 100 % Provision of technical and consultation services 21Vianet Ventures Limited March 6, 2014 Hong Kong 100 % Investment holding WiFire Group Inc. March 7, 2014 British Virgin Islands 100 % Investment holding Abitcool (China) Broadband Inc. (“aBitCool DG”) (1) June 13, 2014 PRC 100 % Dormant company Diyixian.com Limited (“DYX”) (9) August 10, 2014 Hong Kong 100 % Provision of virtual private network services Dermot Holding Limited (9) August 8, 2014 British Virgin Islands 100 % Investment holding 21Vianet Zhuhai Financial Leasing Co., Ltd. (“Zhuhai Financial Leasing”) (1) April 9, 2015 PRC 100 % Provision of financial leasing business services Foshan Zhuoyi Intelligence Date Co., Ltd. (“FS Zhuoyi”)”) (1) /(11) July 7, 2016 PRC 100 % Dormant company Variable Interest Entities (the “VIEs”): Beijing Yiyun Network Technology Co., Ltd. (formerly known as Beijing aBitCool Network Technology Co., Ltd.) (“21Vianet Technology”) (1) /(2) October 22, 2002 PRC — Provision of internet data center and managed network services Beijing iJoy Information Technology Co., Ltd. (“BJ iJoy”) (1) / (2)/ (7) April 30, 2013 PRC — Provision of internet data center, content delivery network services WiFire Network Technology (Beijing) Co., Ltd. (formerly known as aBitCool Small Micro Network Technology (BJ) Co., Ltd.) (“WiFire Network”) (1) / (2) April 1, 2014 PRC — Provision of telecommunication services Held directly by BJ iJoy: Shanghai iJoy Information (1) / (2)/ (7) May 30, 2013 PRC — Provision of internet data center, content delivery network services Held directly by 21Vianet Technology: Beijing 21Vianet Broad Band Data Center Co., Ltd. (“21Vianet Beijing”) (1) / (2) March 15, 2006 PRC — Provision of internet data center and managed network services Held directly by 21Vianet Beijing: 21Vianet (Xi’an) Information Outsourcing Industry Park Services Co., Ltd. (1) / (2) June 23, 2008 PRC — Provision of internet data center services Beijing Chengyishidai Network (1) / (2) / (3) September 30, 2010 PRC — Provision of managed network services Zhiboxintong (Beijing) Network Technology Co., Ltd. (1) / (2) / (3) September 30, 2010 PRC — Provision of managed network services Guangzhou Gehua Network Technology and Development Co., Ltd. (“Gehua”) (1) / (2) October 8, 2011 PRC — Provision of managed network services Langfang Xunchi Computer Data (1) / (2) December 19, 2011 PRC — Dormant company Beijing Fastweb Network Technology Co., Ltd. (“BJ Fastweb”) (1) / (2) / (5) September 9, 2012 PRC — Provision of internet data center and internet content delivery network services Shanghai Blue Cloud Technology Co., Ltd. (“SH Blue (1) / (2) March 21, 2013 PRC — Provision of Office 365 and Windows Azure platform services WiFire (Beijing) Technology Co., Ltd. (formerly known as Beijing Tianwang Online Communication (1) / (2) / (6) February 28, 2013 PRC — Provision of managed network services and virtual private network services Beijing Yilong Xinda Technology Co., Ltd. (1) / (2) / (6) February 28, 2013 PRC — Provision of managed network services and virtual private network services Beijing Yichengtaihe Investment Co., Ltd. (1)/ (2)/ (10) September 30, 2014 PRC — Dormant Company Held directly by LF Xunchi: Sichuan Aipu Network Co., Ltd. (“SC Aipu”) (1) / (2) / (8) May 31, 2014 PRC — Provision of community network services and business network services Held directly by DYX: DYXnet Limited (“DYX net”) (9) August 10, 2014 Hong Kong 100 % Dormant Company Held directly by DYX and LF Xunchi: Shenzhen Diyixian Telecommunication Co., Ltd. (“SZ DYX”) (1)/ (9) August 10, 2014 PRC 50 % Provision of virtual private network services (1) Collectively, the “PRC Subsidiaries”. (2) Collectively, the “Consolidated VIEs”. (3) On September 30, 2010, the Company through its subsidiary, 21Vianet Beijing acquired CYSD, ZBXT and its subsidiaries (collectively, the “Managed Network Entities”). (4) On July 5, 2012, the Company through its wholly-owned subsidiary, 21Vianet HK, acquired 100% equity interests in 21V Xi’an Holding and its subsidiaries (collectively referred to as “21V Xi’an”). (5) On September 9, 2012, the Company and its subsidiary, 21Vianet Beijing, acquired 100% equity interest in Fastweb Holding and its subsidiaries (collectively referred to as “Fastweb”). (6) On February 28, 2013, the Company through its wholly-owned subsidiary, 21Vianet Beijing, acquired 100% equity interests in WiFire BJ and BJ Yilong. (collectively referred to as “WiFire BJ and Yilong”). (7) On April 30, 2013, the Company acquired 100% equity interest in 21V Mobile and its subsidiaries (collectively referred to as “iJoy”). (8) On May 31, 2014, the Company and its subsidiary, Langfang Xunchi Computer Data Processing Co., Ltd. (“LF Xunchi”), acquired 50% equity interest in SC Aipu and its subsidiaries (collectively referred to as “Aipu Group”) (Note 4). (9) On August 10, 2014, the Company and its subsidiary, LF Xunchi, acquired 100% equity interest Dermot BVI and its subsidiaries (collectively referred to as “Dermot Entities”) (Note 4). (10) On September 30, 2014, the Company through its subsidiary, 21Vianet Beijing acquired 100% equity interest in the entity, which was accounted for an assets acquisition (Note 4). (11) On July 7, 2016, the Company through its subsidiary, 21Vianet HK acquired 100% equity interest in the entity, which was accounted for an assets acquisition (Note 4). (b) PRC laws and regulations prohibit foreign ownership of internet and telecommunications-related businesses. To comply with these foreign ownership restrictions, the Group conducts its businesses in the PRC through its VIEs using contractual agreements (the “VIE Agreements”). The equity interests of 21Vianet Technology are legally held by certain PRC individuals, including Chen Sheng, the Executive Chairman of Board of Directors of the Company and Zhang Jun (collectively the “Nominee Shareholders”). The following is a summary of the key terms of the VIE Agreements: Exclusive option agreement Pursuant to the exclusive option agreement entered into amongst 21Vianet China and the Nominee Shareholders of 21Vianet Technology, the Nominee Shareholders granted the Company or its designated party, an exclusive irrevocable option to purchase all or part of the equity interests held by the Nominee Shareholders in 21Vianet Technology, when and to the extent permitted under the PRC laws, at an amount equal to RMB1. 21Vianet Technology cannot declare any profit distributions or grant loans in any form without the prior written consent of 21Vianet China. The Nominee Shareholders must remit in full any funds received from 21Vianet Technology to 21Vianet China, in the event any distributions are made by 21Vianet Technology. The term of this agreement is 10 years, expiring on December 18, 2016, which is renewable at the sole discretion of 21Vianet China. On December 19, 2016, this agreement was renewed for another 10 years, expiring on December 18, 2026. Exclusive technical consulting and service agreement Pursuant to the exclusive technical consulting and service agreement entered into between 21Vianet China and 21Vianet Technology, 21Vianet China is to provide exclusive management consulting services and internet technical services in return for fees based on of a predetermined hourly rate of RMB1, which is adjustable at the sole discretion of 21Vianet China. The term of this agreement is 10 years, expiring on December 18, 2016, which is renewable at the sole discretion of 21Vianet China. On December 19, 2016, this agreement was renewed for another 10 years, expiring on December 18, 2026. Loan agreement In January 2011, 21Vianet China and the Nominee Shareholders entered into a loan agreement. Pursuant to the agreement, 21Vianet China has provided interest-free loan facilities of RMB7,000 and RMB3,000, respectively, to the Nominee Shareholders of 21Vianet Technology for the purpose of providing capital to 21Vianet Technology to develop its data center and telecommunications value-added business and related businesses. There is no fixed term for the loan. Power of attorney agreement The Nominee Shareholders entered into the power of attorney agreement whereby they granted an irrevocable proxy of the voting rights underlying their respective equity interests in 21Vianet Technology to 21Vianet China, which includes, but are not limited to, all the shareholders’ rights and voting rights empowered to the Nominee Shareholders by the company law and 21Vianet Technology’s Articles of Association. The power of attorney remains valid and irrevocable from the date of execution, so long as each Nominee Shareholder remains as a shareholder of 21Vianet Technology. The power of attorney agreement was subsequently reassigned to 21Vianet Group, Inc. in September 2010. Share pledge agreement Pursuant to the share pledge agreement entered into amongst 21Vianet China, 21Vianet Technology and the Nominee Shareholders, the Nominee Shareholders have contemporaneously pledged all their equity interests in 21Vianet Technology to guarantee the repayment of the loan under the Loan Agreement between 21Vianet China and the Nominee Shareholders. On August 10, 2015, a Notification of Cancellation of share pledge registration was issued by Beijing Administration for Industry and Commerce, Pinggu Branch to cancel the registration of the share pledge by one of the Nominee Shareholders, Zhang Jun. Such cancellation does not affect the effectiveness of the share pledge agreement and does not lessen the control imposed on the contractual parties of the Company. If 21Vianet Technology breaches its respective contractual obligations under the Share pledge agreement and the loan agreement, 21Vianet China, as pledgee, will be entitled to certain rights, including the right to sell the pledged equity interests. The Nominee Shareholders agreed not to transfer, sell, pledge, dispose of or otherwise create any new encumbrance on their equity interests in 21Vianet Technology without the prior written consent of 21Vianet China. Financial support letter Pursuant to the financial support letter, 21Vianet Group, Inc. agreed to provide unlimited financial support to 21Vianet Technology for its operations and agreed to forego the right to seek repayment in the event 21Vianet Technology is unable to repay such funding. The Company also controls two other VIEs, namely BJ iJoy and BJ aBitCool through their primary beneficiary, WiFire Group, a wholly owned subsidiary of the Company. The key terms of the VIE Agreements in relation to BJ iJoy and BJ aBitCool are similar to those summarized above. Despite the lack of technical majority ownership, there exists a parent-subsidiary relationship between the Company and 21Vianet Technology through the irrevocable power of attorney agreement, whereby the Nominee Shareholders effectively assigned all of their voting rights underlying their equity interests in 21Vianet Technology to the Company. In addition, the Company, through 21Vianet China, obtained effective control over 21Vianet Technology through the ability to exercise all the rights of 21Vianet Technology’s shareholders pursuant to the share pledge agreement and exclusive option agreement. The Company demonstrates its ability and intention to continue to exercise the ability to absorb substantially all of the expected losses through the financial support letter. In addition, the Company also demonstrates its ability to receive substantially all of the economic benefits of 21Vianet Technology through 21Vianet China through the consulting and service agreement. Thus, the Company is the primary beneficiary of 21Vianet Technology and consolidates 21Vianet Technology and its subsidiaries under ASC 810-10 Consolidation: Overall In the opinion of the Company’s management and PRC counsel, (i) the ownership structure of the VIEs is in compliance with applicable PRC laws and regulations in any material respect, and (ii) each of the VIE Agreements is valid, legally binding and enforceable to each party of such agreements under the existing PRC laws and will not violate any PRC laws or regulations currently in effect. However, there are substantial uncertainties regarding the interpretation and application of current and future PRC laws and regulations. Accordingly, the Company cannot be assured that PRC regulatory authorities will not ultimately take a contrary view to its opinion. If the current ownership structure of the Company and its contractual arrangements with the VIEs are found to be in violation of any existing or future PRC laws and regulations, the Company may be required to restructure its ownership structure and operations in the PRC to comply with the changing and new PRC laws and regulations. To the extent that changes and new PRC laws and regulations prohibit the Company’s VIE arrangements from complying with the principles of consolidation, the Company would have to deconsolidate the financial position and results of operations of its VIEs. In the opinion of management, the likelihood of loss in respect of the Company’s current ownership structure or the contractual arrangements with the VIEs is remote based on current facts and circumstances. (c) Establishment of Asia Cloud Group On July 30, 2013, the Company through 21Vianet Technology, and a state-owned entity (“SOE”) established Asia Cloud Investment in the Guangdong Province of the PRC for the operations of telecommunication related services. The registered capital of Asia Cloud Investment is RMB1,000,000, of which RMB900,000 and RMB100,000 were contributed by 21Vianet Technology and the SOE, respectively, for 90% and 10% equity interests held by 21Vianet Technology and the SOE, respectively. The investment structure is set up as follows: (i) 21Vianet Technology received two entrusted loans from Bank of Dongguan which were entrusted by the SOE with an aggregate principal amount of RMB900,000, an annual interest rate of 4% and maturity dates of August 28 and September 10, 2015, respectively (Note 14), for the sole purpose of 21Vianet Technology’s capital contribution in Asia Cloud Investment. In return, 21Vianet Technology pledged its right of sale or transfer of the 90% equity interest in Asia Cloud Investment and the underlying dividend rights to the SOE to guarantee the repayment of the loans. (ii) Pursuant to a confirmation letter effective since the incorporation of Asia Cloud Investment, 21Vianet Technology agreed to provide unlimited financial support to Asia Cloud Investment for its operations and agreed to forego the right to seek repayment in the event Asia Cloud Investment is unable to repay such funding. (iii) The 10% equity interest in Asia Cloud Investment held by the SOE is contractually required to be repurchased by 21Vianet Technology by the end of five years from the establishment of Asia Cloud Investment at a consideration equivalent to the higher of the then fair value and the investment cost of RMB100,000. The SOE is also entitled to a cumulative dividend at 8% per annum for its capital contribution of RMB100,000 in Asia Cloud Investment. As of July 30, 2013 upon its inception, Asia Cloud Investment is determined as a variable interest entity as 21Vianet Technology’s investment of RMB900,000 was funded by the SOE, which is also a party involved in Asia Cloud Investment. As 21Vianet Technology maintains the power to direct the activities that most significantly affect Asia Cloud Investment’s economic performances through its voting interest underlying the 90% equity interest in accordance with company law and the articles of association of Asia Cloud Investment and absorbs the expected losses of Asia Cloud Investment, 21Vianet Technology is the primary beneficiary of Asia Cloud Investment and consolidates Asia Cloud Investment and its subsidiary under by ASC 810-10 Consolidation:Overall As of December 31, 2015, Asia Cloud Investment and its subsidiary, Asia Cloud Technology, had not commenced any significant operations except for investments in certain floating rate principal unguaranteed securities with an aggregate amount of RMB102,300. The two entrusted loans from Bank of Dongguan and related interests were fully repaid in August and September 2015 (Note 14). Asia Cloud Investment ceased to be a VIE following such repayment in 2015. 21Vianet Technology is contractually obligated to repurchase the 10% noncontrolling interests (“NCI”) in Asia Cloud Group at the end of five years from its establishment. The NCI, together with the embedded repurchase contract, is accounted for as a liability under ASC 480, Distinguish Liabilities from Equity (d) VIE disclosures Except for certain property with carrying amounts of RMB335,491 (US$48,321) that were pledged to secure banking borrowings granted to the Company (Note 14), there were no pledges or collateralization of the Consolidated VIEs’ assets. Creditors of the Consolidated VIEs have no recourse to the general credit of the primary beneficiaries of the Consolidated VIEs, and such amounts have been parenthetically presented on the face of the consolidated balance sheets. The Consolidated VIEs operate the data centers and own facilities including data center buildings, leasehold improvements, fiber optic cables, computers and network equipment, which are recognized in the Company’s consolidated financial statements. They also hold certain value-added technology licenses, registered copyrights, trademarks and registered domain names, including the official website, which are also considered as revenue-producing assets. However, none of such assets was recorded on the Company’s consolidated balance sheets as such assets were all acquired or internally developed with insignificant cost and expensed as incurred. In addition, the Company also hires data center operation and marketing workforce for its daily operations and such costs are expensed when incurred. The Company has not provided any financial or other support that it was not previously contractually required to provide to the Consolidated VIEs during the periods presented. (e) Variable interests in a VIE As at December 31, 2016, the Company held variable interest in an entity that does not have sufficient equity at risk where the Company is not the VIE’s primary beneficiary to consolidate the VIE. The Company’s maximum exposure to such an arrangement is RMB56,713. The following tables represent the financial information of the Consolidated VIEs as of December 31, 2015 and 2016 and for the years ended December 31, 2014, 2015 and 2016 before eliminating the intercompany balances and transactions between the Consolidated VIEs and other entities within the Group: As of December 31, 2015 2016 RMB RMB US$ ASSETS Current assets: Cash and cash equivalents 391,182 239,874 34,549 Restricted cash 135,875 68,709 9,896 Accounts receivable (net of allowance for doubtful debt of RMB39,010 and RMB80,313 (US$11,567) as of December 31, 2015 and 2016, respectively) 630,582 555,509 80,010 Inventories 13,115 4,320 622 Short-term investments 102,300 — — Prepaid expenses and other current assets 548,061 636,776 91,715 Deferred tax assets 29,029 40,751 5,869 Amounts due from related parties 55,503 82,350 11,861 Total current assets 1,905,647 1,628,289 234,522 Non-current Property and equipment, net 2,226,653 2,501,578 360,302 Intangible assets, net 810,171 555,649 80,030 Land use rights, net 64,682 76,044 10,953 Goodwill 1,146,570 1,146,570 165,140 Deferred tax assets 44,688 56,312 8,111 Other non-current 153,772 112,822 16,250 Long-term investments 164,454 266,748 38,420 Total non-current 4,610,990 4,715,723 679,206 Total assets 6,516,637 6,344,012 913,728 Current liabilities: Short-term bank borrowings 276,000 183,676 26,455 Accounts and notes payable 416,850 441,847 63,639 Accrued expenses and other payables 435,912 525,613 75,704 Advance from customers 185,800 201,397 29,007 Income tax payable 43,949 25,466 3,668 Deferred revenue 332,091 311,191 44,821 Amount due to inter-companies (1) 890,988 1,221,897 175,990 Amount due to related parties (2) 48,762 53,295 7,676 Current portion of capital lease obligation 123,694 203,394 29,295 Current portion of long-term bank borrowings 12,422 12,564 1,810 Deferred government grants 6,332 5,107 736 Total current liabilities 2,772,800 3,185,447 458,801 Non-current Amount due to inter-companies 1,080,118 1,052,734 151,625 Long-term bank borrowings 27,534 219,055 31,550 Non-current 543,503 581,568 83,763 Unrecognized tax benefits 11,098 24,153 3,479 Deferred tax liabilities 218,522 182,877 26,340 Deferred government grants 31,288 25,886 3,728 Deferred revenue 68,535 62,531 9,006 Mandatorily redeemable noncontrolling interests 100,000 — — Total non-current 2,080,598 2,148,804 309,491 Total liabilities 4,853,398 5,334,251 768,292 For the Years Ended December 31, 2014 2015 2016 RMB RMB RMB US$ Net revenues 2,695,021 3,066,090 2,938,319 423,206 Net profit (loss) 175,521 (35,811 ) (674,685 ) (97,175 ) For the Years Ended December 31, 2014 2015 2016 RMB RMB RMB US$ Net cash provided by operating activities 434,865 270,358 141,364 20,361 Net cash (used in) provided by investing activities (808,117 ) 105,635 (470,955 ) (67,832 ) Net cash provided by (used in) financing activities 480,045 (354,408 ) 178,283 25,678 Net increase (decrease) in cash and cash equivalents 106,793 21,585 (151,308 ) (21,793 ) (1) Amount due to inter-companies consist of intercompany payables to the other companies within the Group for the purchase of telecommunication resources and fixed assets on behalf of the Consolidated VIEs. The Consolidated VIEs had intercompany payables of RMB34,603 and RMB33,792 (US$4,867) to 21Vianet China for accrued service fees as of December 31, 2015 and 2016, respectively. Service fees paid by the Consolidated VIEs to 21Vianet China and were nil, RMB35,292 and nil for the years ended December 31, 2014, 2015 and 2016, respectively. (2) Information with respect to related parties is discussed in Note 24. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). (b) Principles of consolidation The consolidated financial statements include the financial statements of the Company, its subsidiaries and the Consolidated VIEs for which the Company or a subsidiary of the Company is the primary beneficiary. All significant inter-company transactions and balances between the Company, its subsidiaries and the Consolidated VIEs are eliminated upon consolidation. Results of acquired subsidiaries and its Consolidated VIEs are consolidated from the date on which control is transferred to the Company. (c) Use of estimates The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant estimates and assumptions reflected in the Company’s financial statements include, but are not limited to, estimating the useful lives of long-lived assets, assessing the initial valuation of the assets acquired and liabilities assumed in a business combination and assets acquisition and the subsequent impairment assessment of long-lived assets and related goodwill, accounting for investments and the subsequent impairment assessment, determining the provision for accounts and other receivable, accounting for deferred income taxes, accounting for share-based compensation arrangements, accounting for mandatorily redeemable noncontrolling interests and redeemable noncontrolling interests and accounting for capital lease. The valuation of and accounting for the Company’s purchase consideration (Note 4) also requires significant estimates and judgments provided by management. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements. (d) Foreign currency The functional currency of the Company and its overseas subsidiaries is the United States dollar (“US$”), whereas the functional currency of the Company’s PRC subsidiaries and its Consolidated VIEs is the Chinese Renminbi (“RMB”) as determined based on the criteria of ASC 830, Foreign Currency Matters re-measured re-measured Assets and liabilities of the Company and its overseas subsidiaries are translated into RMB at fiscal year-end (e) Convenience translation Amounts in US$ are presented for the convenience of the reader and are translated at the noon buying rate of US$1.00 to RMB6.9430 on December 30, 2016 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate. (f) Cash and cash equivalents Cash and cash equivalents consist of cash on hand and demand deposits placed with banks or other financial institutions which are unrestricted as to withdrawal and use and have original maturities less than three months. All highly liquid investments with a stated maturity of 90 days or less from the date of purchase are classified as cash equivalents. (g) Restricted cash Restricted cash mainly represents amounts held by a few banks in escrow as security for credit facilities, the guarantee of compliance with the network and service requirements of the radio spectrum license awarded by the Hong Kong Telecommunication Authority, the deposits held in escrow for the advances received from end customers subscribing Office 365 and Windows Azure services (the disbursement of which shall be agreed by both Microsoft (China) Co., Ltd. (“Microsoft”) and the Company) and the guarantee of notes payable. (h) Short-term investments All highly liquid investments with stated maturities of greater than 90 days but less than 365 days are mainly fixed rate time deposits, floating-rate time deposits, floating rate principal guaranteed investments and floating rate principal unguaranteed investments that are classified as held-to-maturity Investments—Debt and Equity Securities “held-to-maturity”, “available-for-sale”, The securities that the Company has positive intent and ability to hold to maturity are classified as held-to-maturity held-to-maturity more-likely-than-not more-likely-than-not The securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities. Unrealized holding gains and losses for trading securities are included in earnings. Investments not classified as trading or as held-to-maturity available-for-sale Available-for-sale available-for-sale No impairment loss had been recorded during each of the three years ended December 31, 2014, 2015 and 2016. (i) Accounts receivable and allowance for doubtful debt Accounts receivable are carried at net realizable value. An allowance for doubtful debt is recorded in the period when loss is probable based on an assessment of specific evidence indicating troubled collection, historical experience, accounts aging and other factors. An accounts receivable is written off after all collection effort has ceased. (j) Inventories Inventories are stated at the lower of cost or market. Cost is determined using the first-in, first-out (k) Property and equipment Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, as follows: Category Estimated useful life Property 25-46 Leasehold improvements Over the shorter of lease term or the estimated useful lives of the assets Optical fibers 10-20 Computer and network equipment 4-11 Office equipment 5 years Motor vehicles 5 years Repair and maintenance costs are charged to expense as incurred, whereas the costs of betterments that extend the useful life of property and equipment are capitalized as additions to the related assets. Retirements, sale and disposals of assets are recorded by removing the cost and accumulated depreciation with any resulting gain or loss reflected in the consolidated statements of operations. Property and equipment that are purchased or constructed which require a period of time before the assets are ready for their intended use are accounted for as construction-in-progress. Construction-in-progress Construction-in-progress (l) Intangible assets Intangible assets are carried at cost less accumulated amortization and any recorded impairment. Intangible assets acquired in a business combination are recognized initially at fair value at the date of acquisition. Intangible assets with finite useful lives, except for acquired customer relationships in the acquisition of the Managed Network Entities which is amortized using an accelerated method, are amortized using a straight-line method. These amortization methods reflect the estimated pattern in which the economic benefits of the respective intangible assets are to be consumed. The Company has capitalized certain internal use software development costs in accordance with ASC Subtopic 350-40 350-40”), Intangibles-Goodwill and Other: Internal-Use internal-use internal-use Intangible assets have weighted average useful lives from the date of purchase as follows: Purchased software 3.4 years Radio spectrum license 15 years Network use right 20 years Contract backlog* 5.2 years Customer relationships* 9.5 years Supplier relationships* 8.9 years Licenses* 15 years Trade Name* 15.1 years Platform software* 5 years Non-compete 5.1 years Internally use software 7 years Property management relationship* 9 years * Acquired in the acquisitions of subsidiaries. (m) Land use rights The land use rights represent the amounts paid and relevant costs incurred for the rights to use land in the PRC and are recorded at purchase cost less accumulated amortization. Amortization is provided on a straight-line basis over the terms of the respective land use rights certificates. (n) Long-term investments The Company’s long-term investments consist of cost method investments and equity method investments. In accordance with ASC 325-20, Investments-Other: Cost Method Investments Investments in equity investees represent investments in entities in which the Company can exercise significant influence but does not own a majority equity interest or control are accounted for using the equity method of accounting in accordance with ASC 323-10, Investments-Equity Method and Joint Ventures: Overall ASC 323-10 323-10. No impairment loss had been recorded during each of the three years ended December 31, 2014, 2015 and 2016. (o) Goodwill Goodwill represents the excess of the purchase price over the amounts assigned to the fair value of the assets acquired and the liabilities assumed of an acquired business. The Company’s goodwill as of December 31, 2015 and 2016 were mainly related to its acquisitions of the Managed Network Entities, Fastweb, iJoy, Aipu Group and Dermot Entities. In accordance with ASC 350, Goodwill and Other Intangible Assets No. 2011-08 2011-08”), Intangibles – Goodwill and Others, two-step two-step The fair value of the reporting unit is allocated to its assets and liabilities in a manner similar to a purchase price allocation in order to determine the implied fair value of the reporting unit’s goodwill. If the implied goodwill fair value is less than its carrying value, the difference is recognized an impairment loss. In accordance with ASC 350, the Company assigned and assessed goodwill for impairment at the reporting unit level. A reporting unit is an operating segment or one level below the operating segment. As of December 31, 2015, the Company had one single reporting unit which is also its only operating segment. Goodwill that has arisen as a result of the acquisitions of subsidiaries was assigned to this reporting unit. Immediately upon the change in segment reporting in 2016, there were two reporting units consisting of two service lines namely Hosting and related services and Managed network services. The goodwill was reassigned to the two reporting units using a relative fair value allocation approach. In 2016, the Company elected to assess goodwill for impairment using the two-step (p) Impairment of long-lived assets The Company evaluates its long-lived assets or asset group, including intangible assets with finite lives, for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying amount of an asset or a group of long-lived assets may not be recoverable. When these events occur, the Company evaluates for impairment by comparing the carrying amount of the assets to future undiscounted net cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss based on the excess of the carrying amount of the asset group over its fair value. Fair value is generally determined by discounting the cash flows expected to be generated by the assets, when the market prices are not readily available for the long-lived assets. In 2016, due to the deterioration of the operating results of one of the Company’s asset group, the Company recognized an impairment loss based on the excess of the carrying amount of the asset group over its fair value. The Company determined the fair value of the asset group using the income approach based on the discounted expected cash flows associated with the asset group. The discounted cash flows for the asset group were based on eight year projections which is consistent with the remaining useful lives of its principal assets. Cash flow projections were based on past experience, actual operating results and management best estimates about future developments as well as certain market assumptions. The discount rate of approximately 13% was derived and used in the valuations which reflect the market assessment of the risks specific to the Company and its industry and is based on its weighted average cost of capital. The impairment loss reduced the carrying amount of the long-lived assets of a group on a pro-rata The Company recorded impairment charges associated with its long-lived assets and acquired intangibles as follows: Years ended December 31, 2014 2015 2016 RMB RMB RMB US$ Impairment of property and equipment — — 238,144 34,300 Impairment of intangible assets — — 154,803 22,296 (q) Fair value of financial instruments The Company’s financial instruments include cash and cash equivalents, restricted cash, short-term investments, accounts receivable and payable, other receivables and payables, bonds payable, short-term, long-term bank and other borrowings, available-for-sale The carrying amounts of long-term bank and other borrowings approximate their fair values since they bear interest rates which approximate market interest rates. The contingent considerations in both cash and shares and share-settled bonuses are initially measured at fair value on the acquisition dates of the acquired businesses and the date of grant, respectively, and subsequently remeasured at the end of each reporting period with an adjustment for fair value recorded to the current period expense. The mandatorily redeemable noncontrolling interest is initially recognized at its issuance value. The Company recognizes changes in the redemption value based on the higher of its redemption value at the end of each reporting period and the original issuance value as interest expense. In 2016, the mandatorily redeemable noncontrolling interest was fully settled. The Company, with the assistance of an independent third party valuation firm, determined the estimated fair value of the contingent consideration in both cash and shares and mandatorily redeemable controlling interests that are recognized in the consolidated financial statements. Based on the quoted market price as of December 31, 2016, the fair value of the bonds payable was RMB418,497 (US$60,276) (Note 30). (r) Revenue recognition The Company provides hosting and related services including hosting of customers’ servers and networking equipment, connecting customers’ servers with internet backbones, content delivery network services optimizing speed and security of data transmission, virtual private network services providing encrypted secured connection to public internet and other value-added services. The Company also provides managed network services to enable its customers to deliver data across the internet in a faster and more reliable manner through extensive data transmission network and BroadEx smart routing technology, and to get the last-mile broadband internet connection services in large metro areas in China. Consistent with the criteria under ASC topic 605 (“ASC 605”), Revenue Recognition The Company’s services are provided under the terms of a master service agreement, which will typically accompany a one-year pre-set pre-set The Company may charge its customers an initial set-up set-up set-up The Company made sales of software for the Cloud Content Delivery Network (“CDN”) system developed using the Company’s CDN platform technology know-hows. Revenue is recognized when all of the four basic criteria under ASC605-10 The Company provides last-mile wired broadband Internet access services, sometimes bundled with broadband related products, to individual and corporate customers at agreed prices. The Company allocates the contract price based on the relative selling price method under which the selling price of each deliverable is determined using VSOE of selling price, third-party evidence (“TPE”) of selling price, or management’s best estimate of the selling price (“BESP”). The Company considers all reasonably available information in determining the BESP, including both market and entity-specific factors. Revenues are recognized for each deliverable when all four criteria under ASC605-10 The Company evaluates whether it is appropriate to record the gross amount of service sales and related costs or the net amount earned as commissions. Generally, when the Company is primarily obligated in a transaction, have latitude in establishing prices and / or selecting suppliers, or have several but not all of these indicators, revenue is recorded at the gross sale price. The Company generally records the net amounts as commissions earned if the Company is not primarily obligated and do not have latitude in establishing prices. Such amounts earned are determined using a fixed percentage of the gross sales price. Cash received in advance from customers that are expected to be recognized as revenue upon completion of performance obligations is recorded as deferred revenue when there is no general right of refund; otherwise, it is recorded as advances from customers. Business tax on revenues earned from provision of services to customers is recorded as a deduction from gross revenue to derive net revenue in the same period in which the related revenue is recognized. Most of the Company’s PRC subsidiaries and its Consolidated VIEs are subject to a business tax rate of 3% or 5%. The business tax expenses and other surcharges for the years ended December 31, 2014 and 2015 amounted to RMB25,202 and RMB6,394. Effective since June 2014, VAT of 6% replaced the original business tax for all telecommunication services provided in Mainland China. There was no business tax expense charged in 2016 and afterwards. (s) Cost of revenues Cost of revenues consists primarily of telecommunication costs, depreciation of the Company’s long-lived assets, amortization of acquired intangible assets, maintenance, data center rental expenses directly attributable to the provision of the IDC services, payroll and other related costs of operations. (t) Advertising expenditures Advertising expenditures are expensed as incurred and are included in sales and marketing expenses, which amounted to RMB19,687, RMB26,360 and RMB20,420 (US$2,941) for the years ended December 31, 2014, 2015 and 2016, respectively. (u) Research and development expenses Research and development expenses consist primarily of payroll and related personnel costs for routine upgrades and related enhancements of the Company’s services and network. Research and development expenses are expensed as incurred. (v) Government grants Government grants are provided by the relevant PRC municipal government authorities to subsidize the cost of certain research and development projects. The amount of such government grants are determined solely at the discretion of the relevant government authorities and there is no assurance that the Company will continue to receive these government grants in the future. Government grants are recognized when it is probable that the Company will comply with the conditions attached to them, and the grants are received. When the grant relates to an expense item, it is recognized in the consolidated statement of operations over the period necessary to match the grant on a systematic basis to the costs that it is intended to compensate, as a reduction of the related operating expense. When the grant relates to an asset, it is recognized as deferred government grants and released to the consolidated statement of operations in equal amounts over the expected useful life of the related asset, when operational, as a reduction of the related depreciation expense. (w) Leases Leases are classified at the inception date as either a capital lease or an operating lease. The Company did not enter into any leases whereby it is the lessor for any of the periods presented. As the lessee, a lease is a capital lease if any of the following conditions exists: a) ownership is transferred to the lessee by the end of the lease term, b) there is a bargain purchase option, c) the lease term is at least 75% of the property’s estimated remaining economic life, or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date. A capital lease is accounted for as if there was an acquisition of an asset and an incurrence of an obligation at the inception of the lease. The Company entered into capital leases for certain fiber optic cables, network equipment and property in the years ended December 31, 2014, 2015 and 2016. All other leases are accounted for as operating leases wherein rental payments are expensed on a straight-line basis over the periods of their respective lease terms. The Company leases office space and employee accommodation under operating lease agreements. Certain lease agreements contain rent holidays and escalating rent. Rent holidays and escalating rent are considered in determining the straight-line rent expense to be recorded over the lease term. The lease term begins on the date of initial possession of the lease property for purposes of recognizing lease expense on a straight-line basis over the term of the lease. (x) Capitalized interest Interest costs are capitalized if they are incurred during the acquisition, construction or production of a qualifying asset and such costs could have been avoided if expenditures for these assets have not been made. As a result of total interest costs capitalized during the period, the interest expense for the year ended December 31, 2014, 2015 and 2016, was as follows: 2014 2015 2016 RMB RMB RMB US$ Interest expense and amortization cost of bonds 130,355 172,677 113,367 16,328 Interest expense on bank and other borrowings 66,699 55,391 46,377 6,680 Interest expense on capital lease 40,849 57,189 66,687 9,605 Total interest costs 237,903 285,257 226,431 32,613 Less: Total interest costs capitalized (5,883 ) (11,073 ) (27,842 ) (4,010 ) Interest expense, net 232,020 274,184 198,589 28,603 (y) Income taxes The Company accounts for income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company records a valuation allowance against deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not The Company applies ASC 740, Accounting for Income Taxes, The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of “income tax” in the consolidated statements of operations. (z) Share-based compensation Share options and Restricted Share Units (“RSUs”) granted to employees are accounted for under ASC 718, Compensation—Stock Compensation The Company has elected to recognize compensation expense using the straight-line method for share-based awards granted with service conditions that have a graded vesting schedule. For share-based awards granted with performance conditions, the Company recognizes compensation expense using the accelerated method. The Company commences recognition of the related compensation expense if it is probable that the defined performance condition will be met. To the extent that the Company determines that it is probable that a different number of share-based awards will vest depending on the outcome of the performance condition, the cumulative effect of the change in estimate is recognized in the period of change. For the performance bonuses that the employees can elect to settle in cash and/or restricted shares at an agreed premium of the Company (“Share-Settled Bonus”), the Company estimates the portion of the arrangement to be settled in equity based on its past settlement practices and classifies such portion as a liability in accordance with ASC718. The Company remeasures the fair value of such liability at each reporting period end through earnings until the actual settlement date, which is the date when the underlying shares were granted to the employees. Subsequent to the settlement date, although the Company accounts for these restricted shares units as an equity award, the original cash bonus amount continues to be classified as a liability within “Accrued expenses and other payables-Others” in the consolidated balance sheets until the end of the six months’ lock-up lock-up A cancellation of the terms or conditions of an equity award under original award in exchange for a new award should be treated as modification. The compensation costs associated with the modified awards are recognized if either the original vesting conditions or the new vesting conditions have been achieved. Total recognized compensation cost for the awards is at least equal to the fair value of the original awards at the grant date unless at the date of the modification the performance or service conditions of the original awards are not expected to be satisfied. The incremental compensation cost is measured as the excess of the fair value of the replacement awards over the fair value at the modification date. Therefore, in relation to the modified awards, the Company recognizes share-based compensation over the vesting periods of the new awards, which comprises (i) the amortization of the incremental portion of share-based compensation over the remaining vesting term, and (ii) any unrecognized compensation cost of original awards, using either the original term or the new term, whichever results in higher expenses for each reporting period. For modification of a liability award that remains a liability after modification, the liability award continues to be remeasured at fair value at each reporting date. On April 15, 2016 (“the Modification date”), the Company made revisions to the Share-Settled Bonus to remove the agreed premium and six month lock-up On November 26, 2016, the Board approved a new incentive program to replace unvested RSUs to certain individuals with a new bonus scheme which will be settled by issuing a variable number of shares with a fair value equal to fixed dollar amount on the settlement date. The modification was treated as an equity to liability modification in accordance with ASC 718. The Company remeasures the fair value of such liability at each reporting period end through earnings until the actual settlement date, which is the date when the number of underlying shares were fixed and recorded the incremental cost over the remaining vesting term and the unrecognized compensation of original awards using the new term. The Company elected to estimate forfeitures at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from initial estimates. The forfeiture rate is estimated based on historical and future expectations of employee turnover rates and are adjusted to reflect future changes in facts and circumstances, if any. Share-based compensation expense is recorded net of estimated forfeitures such that expense is recorded only for those share-based awards that are expected to vest. To the extent the Company revises this estimate in the future, the share-based payments could be materially impacted in the period of revision, as well as in subsequent periods. During the years ended December 31, 2014, 2015 and 2016, the Company estimated that the forfeiture rate for both the management and non-management (aa) Loss per share In accordance with ASC 260, Earnings per Share (bb) Share repurchase program Pursuant to the Board of Directors’ resolutions on August 26, 2014 and September 4, 2014, the Company’s management is authorized to repurchase up to US$5,000 and US$100,000 of the company’s ADSs respectively (“Share Repurchase Plan II”). During the period from September 2, 2014 to December 31, 2016, the Company repurchased 2,368,610 ADSs, under this plan for a consideration of approximately RMB256,330. The Company accounted for the repurchased shares as Treasury Stock at cost in accordance to ASC 505-30, Treasury Stock paid-in (cc) Comprehensive loss Comprehensive loss is defined as the decrease in equity of the Company during a period from transactions and other events and circumstances excluding transactions resulting from investments by owners and distributions to owners. Accumulated other comprehensive loss of the Company includes foreign currency translation adjustments related to the Company and its overseas subsidiaries, whose functional currency is US$. (dd) Segment reporting In accordance with ASC 280 “Segment Reporting” (“ASC 280”), the Company historically had only one single reportable segment since the Company’s chief executive officer, who has been identified as the Company’s chief operating decision-maker (“CODM”) formerly relied on the consolidated results of operations when making decisions on allocating resources and assessing performance of the Company. On October 1, 2016, the Company changed its reportable segments as the CODM now reviews the operating result of two different services in order to allocate resources and assess performance of the Company. The operations of the Company are organized into two segments, consisting of the Hosting and related services and Managed network services . Hosting and related services business focuses primarily on colocation, interconnectivity, cloud, VPN, hybrid IT and other value-added services. Managed network services focuses on businesses that primarily utilize bandwidth such as CDN service, hosting area network services and last-mile wired broadband service. The Company has restated the presentation of its reportable segments for prior years to conform with the current year’s presentation. (ee) Employee benefits The full-time employees of the Company’s PRC subsidiaries are entitled to staff welfare benefits including medical care, housing fund, pension benefits and unemployment insurance, which are governmental mandated defined contribution plans. These entities are required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued. (ff) Comparatives Certain items reported in the prior year’s consolidated financial statements have been reclassified to conform to the current year’s presentation. (gg) Recent accounting pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09 2014-09”), 2014-09 2014-09 No. 2015-14, (“ASU- 2015-14”), 2014-09 2014-09 Early adoption is permitted to the original effective date. The Company is currently evaluating the timing of its adoption and the impact of adopting the new revenue standard on its consolidated financial statements and considering additional disclosure requirements. In November 2015, the FASB issued ASU No. 2015-17 2015-17”), In January 2016, the FASB issued ASU No. 2016-01 2016-01”), 2016-01 2016-01 In February 2016, the FASB issued ASU No. 2016-02, 2016-02”). 2016-02 2016-02 right-of-use 2016-02 2016-02 In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), (“ASU 2016-08”) which clarifies the implementation guidance on principal versus agent considerations. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to the customers. This guidance will be effective for the company in the first quarter of 2018, with the option to adopt it in the first quarter of 2017. The Group is still evaluating the effect if any, that this guidance will have on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13 2016-13”), 2016-13 available-for-sale In March 2016, the FASB issued ASU No. 2016-09, 2016-09”). 2016-09 2016-09 In August 2016, the FASB issued ASU No. 2016-15, 2016-15”). 2016-15 zero-coupon 2016-15 In November 2016, the FASB issued Accounting Standards Update No. 2016-18 2016-18”), 2016-18 beginning-of-period end-of-period In January 2017, FASB has issued ASU No. 2017-01, In January 2017, the FASB issued Accounting Standards |
Concentration of Risks
Concentration of Risks | 12 Months Ended |
Dec. 31, 2016 | |
Risks and Uncertainties [Abstract] | |
Concentration of Risks | 3. CONCENTRATION OF RISKS (a) Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, short-term investments, accounts receivable, other receivables and amounts due from related parties. As of December 31, 2015 and 2016, the aggregate amount of cash and cash equivalents, restricted cash and short-term investments of RMB969,476 and RMB489,646 (US$70,524), respectively, were held at major financial institutions located in the PRC, and US$176,637 and US$444,019 (RMB3,082,823), respectively, were deposited with major financial institutions located outside the PRC. Management believes that these financial institutions are of high credit quality and continually monitors the credit worthiness of these financial institutions. Historically, deposits in Chinese banks are secure due to the state policy on protecting depositors’ interests. However, China promulgated a new Bankruptcy Law in August 2006 that came into effect on June 1, 2007, which contains a separate article expressly stating that the State Council may promulgate implementation measures for the bankruptcy of Chinese banks based on the Bankruptcy Law. Under the new Bankruptcy Law, a Chinese bank may go into bankruptcy. In addition, since China’s concession to the World Trade Organization, foreign banks have been gradually permitted to operate in China and have been significant competitors against Chinese banks in many aspects, especially since the opening of the Renminbi business to foreign banks in late 2006. Therefore, the risk of bankruptcy of those Chinese banks in which the Company has deposits has increased. In the event of bankruptcy of one of the banks which holds the Company’s deposits, it is unlikely to claim its deposits back in full since it is unlikely to be classified as a secured creditor based on PRC laws. (b) Business, supplier, customer, and economic risk The Company participates in a relatively dynamic and competitive industry that is heavily reliant operation excellence of the services. The Company believes that changes in any of the following areas could have a material adverse effect on the Company’s future financial position, result of operations or cash flows: (i) Business Risk—Third parties may develop technological or business model innovations that address data center and network requirements in a manner that is, or is perceived to be, equivalent or superior to the Company’s services. If competitors introduce services that compete with, or surpass the quality, price or performance of the Company’s services, the Company may be unable to renew its agreements with existing customers or attract new customers at the prices and levels that allow the Company to generate reasonable rates of return on its investment. (ii) Supplier Risk—The Company’s operations are dependent upon bandwidth and cabinet capacity provided by the third-party telecom carriers. There can be no assurance that the Company will be able to secure the cabinet and bandwidth supply from the third-party telecom carriers, neither the Company is adequately prepared for unexpected increases in bandwidth demands by its customers. The communications capacity the Company has leased, include cabinet and bandwidth, may become unavailable for a variety of reasons, such as physical interruption, technical difficulties, contractual disputes, or the financial health of its third-party providers. Any failure of these network providers to provide the capacity the Company requires may result in a reduction in, or interruption of, service to its customers. A significant portion of the Company’s total bandwidth and cabinet resources are purchased from its four largest suppliers, who collectively accounted for 21%, 15% and 19% of the Company’s total bandwidth and cabinet resources for the years ended December 31, 2014, 2015 and 2016, respectively. (iii) Customer Risk—The success of the Company’s business going forward will rely in part on Company’s ability to continue to obtain and expand business from existing customers while also attracting new customers. The Company has a diversified base of customers covering its services and the revenue from the largest single customer accounted for less than 4% of the Company’s total net revenues in the year ended December 31, 2016. Certain customers are local subsidiaries of a telecommunication carrier in China, which the Company views as separate customers as it negotiates with, maintain and support each of these entities given that each of them has the separate decision-making authority and services procurement budget. None of these customers on a stand-alone basis contributed more than 2% of the Company’s revenues in any given year but in the aggregate, they contributed approximately 7%, 6% and 4% of the Company’s total revenues for the years ended December 31, 2014, 2015 and 2016, respectively. (iv) Political, economic and social uncertainties—The Company’s operations could be adversely affected by significant political, economic and social uncertainties in the PRC. Although the PRC government has been pursuing economic reform policies for more than 20 years, no assurance can be given that the PRC government will continue to pursue such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political disruption or unforeseen circumstances affecting the PRC political, economic and social conditions. There is also no guarantee that the PRC government’s pursuit of economic reforms will be consistent or effective. (v) Regulatory restrictions—The applicable PRC laws, rules and regulations currently prohibit foreign ownership of companies that provide internet related services, including hosting, content delivery network services, managed network services and virtual private internet services. Accordingly, the Company’s subsidiary, 21Vianet China, is currently ineligible to apply for the required licenses for providing IDC services in China. As a result, the Company operates its IDC services in the PRC through its Consolidated VIEs which holds the licenses and permits required to provide IDC services in the PRC. The PRC Government may also choose at anytime to block access to certain website operators which could also materially impact the Company’s ability to generate revenue. (c) Currency convertibility risk The Company transacts substantially all its business in RMB, which is not freely convertible into foreign currencies. On January 1, 1994, the PRC government abolished the dual-rate system and introduced a single rate of exchange as quoted daily by the People’s Bank of China (the “PBOC”). However, the unification of the exchange rates does not imply that the RMB may be readily convertible into US$ or other foreign currencies. All foreign exchange transactions continue to take place either through the PBOC or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the PBOC. Approval of foreign currency payments by the PBOC or other institutions requires submitting a payment application form together with suppliers’ invoices, shipping documents and signed contracts. (d) Foreign currency exchange rate risk From July 21, 2005, the RMB is permitted to fluctuate within a narrow and managed band against a basket of certain foreign currencies. The depreciation of the RMB against US$ was approximately 0.4%, 6.1% and 6.8% in the years ended December 31, 2014, 2015 and 2016, respectively. |
Acquisitions
Acquisitions | 12 Months Ended |
Dec. 31, 2016 | |
Business Combinations [Abstract] | |
Acquisitions | 4. ACQUISITIONS Assets acquisition in 2016: On July 7, 2016, the Company through its subsidiary, 21Vianet HK acquired 100% equity interests in Dynamic Ruby Limited with a total consideration of RMB73,150 (US$10,535). The purpose of this transaction for the Company is to acquire the land use right and a building to establish a new data center from FS Zhuoyi. As FS Zhuoyi does not possess all the elements that are necessary to conduct normal operations as a business and had not yet commenced operations, such acquisition is accounted for as an acquisition of assets. The fair values of the net identifiable assets of FS Zhuoyi at the acquisition day are as follows: RMB US$ Net assets acquired: Land use right 92,650 13,344 Property 50,950 7,338 Cash and cash equivalents 5,672 817 Other current assets 21 3 Other current liabilities (51,386 ) (7,401 ) Deferred tax liabilities (24,757 ) (3,566 ) Total consideration in cash 73,150 10,535 Business combinations before 2016: Aipu Group To expand the reach of the Company’s data transmission network into regional last-mile access networks, further strengthening its position as a leading integrated internet infrastructure services provider in China, on May 31, 2014, the Company acquired from third party selling shareholders (the “Selling Shareholder”) the controlling interest represented by 50% equity interests plus one share of Aipu Group, one of the largest regional internet service providers in Southwest China, for a total purchase consideration of RMB748,971, as follow: RMB Cash consideration (i) 700,000 Contingent consideration in cash* (ii) 48,971 Total fair value of purchase price consideration 748,971 * The Company determined the fair value of the contingent consideration with the assistance of an independent third party valuation firm. Details of the purchase consideration are as follows: i. RMB700,000 of the above cash consideration was paid in 2014. ii. The contingent consideration in cash was determined based on the achievement by Aipu Group of certain revenue and net profit targets as well as certain operational performance targets in accordance with the sales and purchase agreement for the fiscal years 2014, 2015 and 2016. The Company determined the fair value of the contingent cash consideration as of the acquisition date and at the end of 2014, 2015 and 2016 with the assistance of an independent third party valuation firm based on the Company’s assessment of whether Aipu Group will meet the aforementioned contractually stipulated targets. The outstanding contingent consideration amount was recorded in the “Amount due to related parties” balance within the Company’s consolidated balance sheets (Note 24). In 2016, since Aipu failed to meet the operational performance target, the contingent consideration amounted to RMB57,700 was reversed as of December 31, 2016. The sale and purchase agreement also provided put options that allows the Selling Shareholders to sell the remaining 50% equity interests in the Aipu Group in three tranches, namely 28% equity interest in 2015, 11% equity interest in 2016 and the remaining equity interests (including those in 2015 and 2016 if these put options are not exercised) in 2017 for a consideration determined using certain financial or operational targets with a floor of RMB700,000 or a ceiling of RMB800,000, in aggregate. A portion of the consideration is to be settled in cash based on certain financial target stipulated in the sale and purchase agreement. The difference will be settled in cash or shares, with the choice to settle in cash or shares residing with the Company for the first tranche and the Selling Shareholders in the subsequent tranches. The noncontrolling interests are to be redeemed by the Company at the option of the Selling Shareholders in return for cash and shares where the maximum number of shares required to be delivered is outside of the control of the Company, and thus are accounted for as redeemable noncontrolling interests. The Company elects to recognize the changes in redemption value immediately as they occur and adjust the carrying amount of the noncontrolling interests to the redemption value at the end of each reporting period as if it was the redemption date in accordance with ASC topic 480 (“ASC 480”), Distinguishing Liabilities from Equity. non-controlling non-controlling Consolidation paid-in Dermot Entities As part of the Company’s business strategy to expand into the Virtual Private Network (“VPN”) market, the Group acquired 100% equity interests in the Dermot Entities from a third party selling shareholder, on August 10, 2014 for a total purchase consideration of RMB953,567. RMB Cash consideration (i) 598,500 Contingent ordinary shares issuance * (ii) (iii) 355,067 Total fair value of purchase price consideration 953,567 * The Company determined the fair value of the contingent share consideration with the assistance of an independent third party valuation firm. Details of the purchase consideration are as follows: i. RMB 598,500 of the above cash consideration was paid in 2014. ii. The contingent consideration in shares are determined based on the achievement by Dermot Entities of certain financial targets in accordance with the sales and purchase agreement for the fiscal years 2014 and 2015 as well as compliance to the terms of the sales and purchase agreement. The above contingent consideration amounts were derived from the Company’s assessment of whether Dermot Entities will meet the contractually stipulated targets. The outstanding contingent consideration related to fiscal year 2015 has been recorded in the “Amount due to related parties” balance within the Company’s consolidated balance sheets. iii. As the contingent consideration in shares is predominately derived from a financial performance parameter other than the fair value of the issuer’s shares, it is liability classified and is remeasured at the end of each reporting period with an adjustment for fair value recorded to the current period expense. The contingent consideration related to fiscal year 2014 and 2015 has been resolved and remeasured in April 2015 and April 2016, with its fair value of RMB210,000 and RMB210,000 reclassified to additional paid in capital, respectively. The Company issued 1,923,556 ADS in April 2015 and 1,618,251 ADS in May 2016 in relation to this, respectively. The sale and purchase agreement also provided (i) 237,874 restricted share units to be settled in cash or shares at the Company’s option and (ii) cash payments if the financial performance for fiscal years 2014 and 2015 exceed certain agreed-upon financial targets, to be granted and paid to certain Dermot Entities management over agreed requisite service periods subsequent to the acquisition. The related compensation for post-acquisition services provided by the employees is accounted as compensation and recorded in the Company’s consolidated statements of operations (Note 22(c)). Other acquisitions As part of the Company’s business strategy to expand the existing hosting service, the Company completed other several non-significant RMB Cash consideration (i) 49,554 Contingent consideration in cash * (ii) 7,339 Contingent ordinary shares issuance * (ii) (iii) 7,339 Total fair value of purchase price consideration 64,232 * The Company determined the fair value of the contingent share consideration with the assistance of an independent third party valuation firm. Details of the purchase consideration are as follows: i. RMB49,554 of the above cash consideration was paid in 2014. ii. The contingent consideration in both cash and shares are determined based on the achievement by Guangdong Tianying Information Technology Co., Ltd. (“GD Tianying”) of certain financial and operational targets in accordance with the sales and purchase agreement for the fiscal years 2014, 2015 and 2016 as well as compliance to the terms of the sales and purchase agreement. The above contingent consideration amounts were derived from the Company’s assessment of whether GD Tianying will meet the contractually stipulated targets. iii. As the contingent consideration of GD Tianying in shares is predominately derived from a financial and operational performance parameter other than the fair value of the issuer’s shares, it is liability-classified and is remeasured at the end of each reporting period with an adjustment for fair value recorded to the current period expense. The contingent consideration related to fiscal year 2014 has been resolved and remeasured in September 2015, with its fair value of RMB4,543 reclassified to additional paid in capital. The Company subsequently issued 225,262 Shares in September 2015 for the contingent consideration related to GD Tianying’s 2014 performance. As the financial and/or operational targets for fiscal year 2015 were not achieved, the corresponding portion of the contingent consideration of RMB9,455 was reversed and recognized as a gain as of December 31, 2015. As of December 31, 2015, the Company was in the process of negotiation with the seller of GD Tianying on the gross value of the contingent consideration related to fiscal year 2016. As this is a pending event subsequent to the acquisition which is unrelated to the original acquisition, the Company concluded that the accounting for any settlement should be separated from that of the business combination. Based on the Company’s best estimate, the fair value of the related contingent consideration in cash and shares of RMB16,350, as determined based on the remeasured amount of December 31, 2015, is accrued as a contingent payable pursuant to ASC 450, Contingencies. As the financial and/or operational targets for fiscal year 2016 were not achieved, the corresponding portion of the contingent consideration of RMB16,350 was reversed and recognized as a gain in the current period expense. |
Accounts and Notes Receivable,
Accounts and Notes Receivable, Net | 12 Months Ended |
Dec. 31, 2016 | |
Receivables [Abstract] | |
Accounts and Notes Receivable, Net | 5. ACCOUNTS AND NOTES RECEIVABLE, NET Accounts and notes receivable and the allowance for doubtful debt consist of the following: December 31, 2015 2016 RMB RMB US$ Accounts receivable 733,558 735,154 105,884 Notes receivable 620 1,215 175 Allowance for doubtful debt (40,070 ) (80,910 ) (11,653 ) 694,108 655,459 94,406 As of December 31, 2015 and 2016, all accounts and notes receivable were due from third party customers. An analysis of the allowance for doubtful debt is as follows: December 31, 2015 2016 RMB RMB US$ Balance at beginning of the year 10,416 40,070 5,771 Provision 30,751 79,637 11,470 Write-off (1,097 ) (38,797 ) (5,588 ) Balance at the end of the year 40,070 80,910 11,653 Additions to the Company’s allowance for doubtful debt were recorded within allowance for doubtful debt for the years ended December 31, 2014, 2015 and 2016. |
Short-Term Investments
Short-Term Investments | 12 Months Ended |
Dec. 31, 2016 | |
Investments Schedule [Abstract] | |
Short-Term Investments | 6. SHORT-TERM INVESTMENTS Short-term investments consisted of the following as of December 31, 2015 and 2016: December 31, 2015 2016 RMB RMB US$ Held-to-maturity - Fixed rate time deposits — 277,946 40,033 - Floating rate principal unguaranteed investments 102,300 — — 102,300 277,946 40,033 The Company recorded interest income related to its short-term investments amounting to RMB50,882, RMB37,652 and RMB1,148 (US$165) for the years ended December 31, 2014, 2015 and 2016, respectively, in the consolidated statements of operations. There were no unrealized gains or losses as of December 31, 2014, 2015 and 2016. |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2016 | |
Inventory Disclosure [Abstract] | |
Inventories | 7. INVENTORIES Inventories consisted of the following as of December 31, 2015 and 2016: December 31, 2015 2016 RMB RMB US$ Broadband related products 13,539 4,431 638 |
Prepaid Expenses and Other Curr
Prepaid Expenses and Other Current Assets | 12 Months Ended |
Dec. 31, 2016 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Prepaid Expenses and Other Current Assets | 8. PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consist of the following: December 31, 2015 2016 RMB RMB US$ Prepaid expenses for bandwidth, rented data centers or cabinets 126,842 163,443 23,541 Staff field advances 20,819 22,429 3,230 Interest receivables 4,936 13,576 1,955 Receivables for the disposal of certain construction-in-progress 20,290 20,290 2,922 Tax recoverables 159,413 309,426 44,567 Deposits 18,191 19,596 2,822 Loan to third parties 119,244 62,433 8,992 Other receivables 172,818 165,938 23,901 642,553 777,131 111,930 Prepaid expenses for bandwidth, rented data centers and cabinets represent the unamortized portion of prepayments made to the Group’s telecommunication operators and certain technology companies, which provide the Group with access to bandwidth, data centers or cabinets. |
Property and Equipment, Net
Property and Equipment, Net | 12 Months Ended |
Dec. 31, 2016 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment, Net | 9. PROPERTY AND EQUIPMENT, NET Property and equipment, including those held under capital leases, consist of the following: December 31, 2015 2016 RMB RMB US$ At cost: Property 439,480 490,430 70,637 Leasehold improvements 398,473 666,051 95,931 Computer and network equipment 2,556,403 2,926,278 421,472 Optical fibers 207,423 207,423 29,875 Office equipment 19,554 19,591 2,822 Motor vehicles 8,289 8,144 1,173 3,629,622 4,317,917 621,910 Less: accumulated depreciation (1,088,684 ) (1,342,041 ) (193,294 ) Impairment — (238,144 ) (34,300 ) 2,540,938 2,737,732 394,316 Construction-in-progress 1,112,133 1,043,881 150,350 3,653,071 3,781,613 544,666 Depreciation expense was RMB278,986, RMB402,035 and RMB480,105 (US$69,150) for the years ended December 31, 2014, 2015 and 2016, respectively, and were included in the following captions: For the years ended December 31, 2014 2015 2016 RMB RMB RMB US$ Cost of revenues 225,680 328,217 397,014 57,182 Sales and marketing expenses 3,397 5,670 3,759 541 General and administrative expenses 19,433 29,753 45,746 6,590 Research and development expenses 30,476 38,395 33,586 4,837 278,986 402,035 480,105 69,150 The carrying amounts of the Company’s property and equipment held under capital leases at respective balance sheet dates were as follows: December 31, 2015 2016 RMB RMB US$ Property 365,353 365,353 52,622 Computer and network equipment 289,346 431,948 62,213 Optical fibers 207,423 207,423 29,875 862,122 1,004,724 144,710 Less: accumulated depreciation (138,608 ) (238,765 ) (34,389 ) 723,514 765,959 110,321 Construction-in-progress 142,671 35,906 5,172 866,185 801,865 115,493 Depreciation of property, computer and network equipment and optical fibers under capital leases was RMB22,302, RMB64,371 and RMB100,157 (US$14,426), for the years ended December 31, 2014, 2015 and 2016, respectively. The carrying amounts of property, computer and network equipment and construction-in-progress December 31, 2015 2016 RMB RMB US$ Property 22,118 7,938 1,143 Computer and network equipment 37,167 31,506 4,538 Construction-in-progress — 318,259 45,839 |
Intangible Assets, Net
Intangible Assets, Net | 12 Months Ended |
Dec. 31, 2016 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible Assets, Net | 10. INTANGIBLE ASSETS, NET The following table presents the Company’s intangible assets as of the respective balance sheet dates: Purchased Radio Network Contract Customer Licenses* Supplier Trade Platform Non-compete Internal Property Total RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB Intangible assets, net January 1, 2015 67,032 95,880 17,834 31,514 677,431 17,785 141,004 229,097 11,582 24,198 9,854 81,242 1,404,453 Additions 22,706 — — — — — — — — — 23,780 — 46,486 Disposals — — — — — — — — — — (243 ) — (243 ) Foreign currency translation difference 380 7,237 — — — — — — — — — — 7,617 Amortization expense (15,647 ) (9,730 ) (1,000 ) (6,588 ) (81,783 ) (1,266 ) (25,277 ) (17,908 ) (3,829 ) (5,694 ) (5,772 ) (9,653 ) (184,147 ) Intangible assets, net December 31, 2015 74,471 93,387 16,834 24,926 595,648 16,519 115,727 211,189 7,753 18,504 27,619 71,589 1,274,166 Additions 26,763 — — — — — — — — — 12,781 — 39,544 Disposals (6,531 ) — — — — — — — — — — — (6,531 ) Foreign currency translation difference 1,814 7,115 — — — — — — — — — — 8,929 Amortization expense (23,072 ) (8,934 ) (1,000 ) (6,588 ) (80,349 ) (1,266 ) (25,277 ) (17,908 ) (3,829 ) (5,694 ) (394 ) (9,653 ) (183,964 ) Impairment — — — — (102,524 ) (2,696 ) (2,007 ) (24,896 ) — (3,907 ) — (18,773 ) (154,803 ) Intangible assets, net December 31, 2016 73,445 91,568 15,834 18,338 412,775 12,557 88,443 168,385 3,924 8,903 40,006 43,163 977,341 Intangible assets, net December 31, 2016 (US$) 10,578 13,189 2,281 2,641 59,452 1,809 12,738 24,252 565 1,282 5,762 6,217 140,766 * Acquired in the acquisitions of subsidiaries Contract backlog relate to the order placed by the customers that have yet to be delivered at the acquisition date. Customer relationships relate to the relationships that arose as a result of existing customer agreements acquired and is derived from the estimated net cash flows that are expected to be derived from the expected renewal of these existing customer agreements after subtracting the estimated net cash flows from other contributory assets. Licenses represented the telecommunication service license in relation to managed network services and virtual private network services. Supplier relationships relate to the relationships that arose as a result of existing bandwidth supply agreements with certain network operators. Except for the supplier relationship in the acquisition of Fastweb and virtual private network supplier relationship in the acquisition of WiFire BJ and Yilong and Dermot Entities which were valued using a replacement cost method given the relative ease of replacement, the values of supplier relationships were generally derived from the estimated net cash flows that are expected to be generated from the expected renewal of these existing supplier agreements after subtracting the estimated net cash flows from other contributory assets. Trade Names mainly relate to the trade names of the Managed Network Entities, Aipu Group and Dermot Entities. Non-compete The intangible assets, except for acquired customer relationships in the acquisition of the Managed Network Entities which are amortized using an accelerated method of amortization, are amortized using the straight-line method, which is the Company’s best estimate of how these assets will be economically consumed over their respective estimated useful lives ranging from 1 to 20 years. Amortization expenses were approximately RMB127,669, RMB184,147 and RMB183,964 (US$26,496) for the years ended December 31, 2014, 2015 and 2016, respectively. The annual estimated amortization expenses for the intangible assets for each of the next five years are as follows: RMB US$ 2017 198,732 28,623 2018 182,642 26,306 2019 164,766 23,731 2020 134,359 19,352 2021 124,878 17,986 805,377 115,998 |
Land Use Rights, Net
Land Use Rights, Net | 12 Months Ended |
Dec. 31, 2016 | |
Text Block [Abstract] | |
Land Use Rights, Net | 11. LAND USE RIGHTS, NET Land use rights held by the Group are amortized over the remaining term of the respective land use rights certificates. December 31, 2015 2016 RMB RMB US$ Cost 66,878 172,658 24,868 Accumulated amortization (2,196 ) (5,012 ) (722 ) Land use rights, net 64,682 167,646 24,146 The carrying amounts of land use rights pledged by the Group to secure banking borrowings (Note14) granted to the Group at the respective balance sheet dates were as follows: December 31, 2015 2016 RMB RMB US$ Land use rights — 17,232 2,482 |
Goodwill
Goodwill | 12 Months Ended |
Dec. 31, 2016 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill | 12. GOODWILL The changes in the carrying amount of goodwill were as follows: December 31, 2014 2015 2016 RMB RMB RMB US$ Balance as of January 1 410,500 1,755,970 1,755,970 252,912 Goodwill acquired 1,345,470 — — — Balance as of December 31 1,755,970 1,755,970 1,755,970 252,912 As of December 31, 2016, the Company has two reporting units. Goodwill from acquisition was allocated to the two reporting units accordingly. Following table summarizes the allocated goodwill by each reporting unit: RMB US$ Hosting and related services 989,530 142,522 Managed network services 766,440 110,390 1,755,970 252,912 No impairment charge was recorded in any of the three years ended December 31, 2014, 2015 and 2016. |
Long-Term Investments
Long-Term Investments | 12 Months Ended |
Dec. 31, 2016 | |
Investments Schedule [Abstract] | |
Long-Term Investments | 13. LONG-TERM INVESTMENTS The Company’s long-term investments comprise of the following: December 31, 2015 2016 RMB RMB US$ Cost method investments 48,696 56,087 8,078 Equity method investments 150,211 234,863 33,827 Available-for-sale 2,597 7,921 1,141 201,504 298,871 43,046 Cost method investments The Group disposed one of cost method investments of nil and RMB6,109 (US$880) in the consolidated statement of comprehensive loss for the years ended December 31, 2015 and 2016, respectively. The investment income of nil and RMB5,160 (US$743) was recognized in other income in the consolidated statements of comprehensive loss for the years ended December 31, 2015 and 2016, respectively. There were no impairment loss recognized for these cost method investments as of December 31, 2016. Investment in equity investees As of December 31, 2014 Decrease during the year As of December 31, 2015 Cost of Share Investment Cost of Share Cost of Share Investment RMB RMB RMB RMB RMB RMB RMB RMB Yizhuang Fund 101,000 (3,144 ) 97,856 — 52,355 101,000 49,211 150,211 As of December 31, 2015 Increase during the year As of December 31, 2016 Cost of Share Investment Cost of Share Cost of Share Investment Investment RMB RMB RMB RMB RMB RMB RMB RMB US$ Yizhuang Fund 101,000 49,211 150,211 — 35,937 101,000 85,148 186,148 26,811 Unis Tech — — — 49,000 (285 ) 49,000 (285 ) 48,715 7,016 101,000 49,211 150,211 49,000 35,652 150,000 84,863 234,863 33,827 In April 2012, the Company through its subsidiary, 21Vianet Beijing, entered into an agreement to invest in the Yizhuang Venture Investment Fund (“Yizhuang Fund”) as a limited partner with an amount of RMB50,500. In December 2013, the Company made the second tranche of investment of another amount of RMB50,500 in the Yizhuang Fund, and held 27.694% of the investee as of December 31, 2014, 2015 and 2016. Given the Company holds more than three percent interest in the Yizhuang Fund as a limited partner, the investment is accounted for under the equity method as prescribed in ASC323-10, Investments—Equity Method In June 2016, the Company through its subsidiary, 21Vianet Beijing, and a related company jointly set up Unisplendour-Vianet Technology Inc. (“Unis Tech”). The Company injected capital of RMB49,000 (US$7,057) to acquire 49% of equity interest in Unis Tech with the ability to exercise significant influence. There were no indicators of impairment noted for this equity method investments as of December 31, 2016. Available-for-sale Available-for-sale “Derivatives and Hedging |
Debt Disclosure
Debt Disclosure | 12 Months Ended |
Dec. 31, 2016 | |
Bank Borrowings | |
Debt Disclosure | 14. BANK BORROWINGS Bank borrowings are as follows as of the respective balance sheet dates: December 31, 2015 2016 RMB RMB US$ Short-term bank borrowings 276,000 1,683,676 242,500 Long-term bank borrowings, current portion 38,803 39,303 5,661 314,803 1,722,979 248,161 Long-term bank borrowings, non-current 103,421 268,221 38,632 Total bank borrowings 418,224 1,991,200 286,793 The short-term bank borrowings outstanding as of December 31, 2015 and 2016 bore a weighted average interest rate of 5.69% and 4.22% per annum, respectively, and were denominated in RMB. These borrowings were obtained from financial institutions and have terms of two months to one year. The long-term As of December 31, 2015 and December 31, 2016, unused loan facilities for bank borrowings amounted to RMB414,000 and RMB766,000 (US$110,327), respectively. Bank borrowings as of December 31, 2015 and 2016 were secured/guaranteed by the following: December 31, 2015 Short-term bank borrowings Secured/guaranteed by (RMB) 50,000 Guaranteed by restricted cash of RMB51,553. 11,000 Secured by a subsidiary’s building with net book value of RMB13,943 (Note 9). 215,000 Unsecured borrowings. 276,000 Long-term bank and other (including current portion) Secured/guaranteed by (RMB) 16,956 Guaranteed by noncontrolling shareholder of Aipu Group 4,800 Secured by a subsidiary’s building with net book value of RMB8,175 (Note 9). 16,778 Secured by a subsidiary’s computer and network equipment with net book value of RMB37,167 (Note 9). 103,690 Unsecured borrowings. 142,224 December 31, 2016 Short-term bank borrowings Secured/guaranteed by (RMB) 1,520,000 Guaranteed by restricted cash of RMB1,751,055. 20,000 Guaranteed by noncontrolling shareholder of Aipu Group. 143,676 Unsecured borrowings. 1,683,676 Long-term bank borrowings (including current portion) Secured/guaranteed by (RMB) 1,600 Secured by a subsidiary’s building with net book value of RMB7,938 (Note 9). 13,817 Secured by a subsidiary’s computer and network equipment with net book value of RMB31,506 (Note 9). 164,000 Secured by a subsidiary’s construction-in-progress 128,107 Unsecured borrowings. 307,524 |
Bonds Payable | |
Debt Disclosure | 17. BONDS PAYABLE On March 22, 2013, the Company issued and sold bonds with an aggregate principal amount of RMB1,000,000 at a coupon rate of 7.875% per annum (the “2016 Bonds”). The 2016 Bonds were due and fully repaid in March 2016. On June 26, 2014, the Company issued and sold bonds with an aggregate principal amount of RMB2,000,000 at a coupon rate of 6.875% per annum (the “2017 Bonds”). The 2017 Bonds will mature on June 26, 2017. The 2017 Bonds were listed and quoted on the Official List of the Singapore Exchange Securities Trading Limited. Interest on the 2017 Bonds is payable semi-annually in arrears on June 26 and December 26 in each year, beginning December 26, 2014. Net proceeds from the 2017 Bonds after deducting issuance costs of RMB19,360, were RMB1,980,640. The proceeds from issuance of 2017 Bonds was used to new data centers, fund acquisitions, repurchase the 2016 Bonds and for general corporate purposes. The effective interest rate of the 2017 Bonds is 7.39%. Both the 2016 Bonds and the 2017 Bonds are unsecured and rank senior in right of payment to any of the Company’s indebtedness that is expressly subordinated to the bonds; equal in right of payment to any of the Company’s liabilities that are not so subordinated; but rank lower than any secured indebtedness of the Company and all liabilities (including accounts payable) of the Company’s subsidiaries and Consolidated VIEs. In August 2016, the Company repurchased 78.97% of the outstanding 2017 Bonds with the total principal amount of RMB1,579,400 (US$227,481). Payment of accrued interests was RMB18,742 (US$2,702). The debt extinguishment loss amounting to RMB29,841 (US$4,298) was recognized in earnings upon the repurchase. The following table summarizes the aggregate required repayments of the principal amounts of the Company’s long-term borrowings, including the bonds payable and bank borrowings (Note 14) in the succeeding five years and thereafter: RMB US$ For the years ending December 31, 2017 2,143,579 308,741 2018 69,841 10,059 2019 73,380 10,569 2020 45,500 6,553 2021 39,000 5,617 Thereafter 40,500 5,833 |
Accrued Expenses And Other Paya
Accrued Expenses And Other Payables | 12 Months Ended |
Dec. 31, 2016 | |
Payables and Accruals [Abstract] | |
Accrued Expenses And Other Payables | 15. ACCRUED EXPENSES AND OTHER PAYABLES The components of accrued expenses and other payables are as follows: December 31, 2015 2016 RMB RMB US$ Payroll and welfare payables 193,356 248,895 35,848 Business and other taxes payable 25,780 21,011 3,026 Payables for office supplies and utilities 25,497 31,006 4,466 Payables for the purchase of property and equipment 218,165 266,597 38,398 Payable for purchase intangible assets 3,662 2,352 339 Accrued service fees 68,029 74,812 10,775 Interest payables 19,102 6,456 930 Share-settled bonuses 41,352 72,138 10,390 Payable for assets acquisition 21,080 25,268 3,639 Others 21,934 39,381 5,673 637,957 787,916 113,484 |
Capital Leases
Capital Leases | 12 Months Ended |
Dec. 31, 2016 | |
Leases [Abstract] | |
Capital Leases | 16. CAPITAL LEASES Certain property, computer and network equipment and optical fibers were acquired through capital leases entered into by the Company. Future minimum lease payments under non-cancellable RMB US$ 2017 301,823 43,472 2018 188,679 27,175 2019 94,045 13,545 2020 50,525 7,277 2021 and thereafter 681,773 98,196 Total minimum lease payments 1,316,845 189,665 Less: amount representing interest (536,499 ) (77,272 ) Present value of remaining minimum lease payments 780,346 112,393 Capital leases had weighted average interest rates of 10.03% and 9.76% for the years ended December 31, 2015 and 2016, respectively. |
Deferred Government Grants
Deferred Government Grants | 12 Months Ended |
Dec. 31, 2016 | |
Deferred Revenue Disclosure [Abstract] | |
Deferred Government Grants | 18. DEFERRED GOVERNMENT GRANTS During the years ended December 31, 2014, 2015 and 2016, the Company received RMB20,920, RMB10,160 and nil, respectively, in government grants from the relevant PRC government authorities. The government grants received during the year ended December 31, 2014, 2015 and 2016 are required to be used in construction of property and equipment. These grants are initially deferred and subsequently recognized in the statement of operations when the Company has complied with the conditions or performance obligations attached to the related government grants, if any, and the grants are no longer refundable. Grants that subsidize the construction cost of property and equipment are amortized over the life of the related assets as a reduction of the associated depreciation expense. Movements of deferred government grants are as follows: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Balance at beginning of the year 18,046 33,572 37,620 5,418 Additions 20,920 10,160 — — Recognized as a reduction of depreciation expense (5,394 ) (6,112 ) (6,627 ) (954 ) Balance at end of the year 33,572 37,620 30,993 4,464 |
Treasury Stock
Treasury Stock | 12 Months Ended |
Dec. 31, 2016 | |
Equity [Abstract] | |
Treasury Stock | 19. TREASURY STOCK For the year ended December 31, 2014, 2015 and 2016, the Company repurchased the number of 1,553,085, nil and 815,525 ADSs pursuant to the share repurchase plans. The repurchased ordinary shares were mainly used for settlement of acquisition payment. For the year ended December 31, 2014, 2015 and 2016, nil, 146,372 and 223,161 ADSs were issued to settle the contingent consideration payment in relation to acquisitions. In 2014, 76,048 ADSs were issued to Galaxy ENet Inc. (“Galaxy ENet”) (Note 22(b)). |
Accumulated Other Comprehensive
Accumulated Other Comprehensive (Loss) Income | 12 Months Ended |
Dec. 31, 2016 | |
Equity [Abstract] | |
Accumulated Other Comprehensive (Loss) Income | 20. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The changes in accumulated other comprehensive (loss) income by component, net of tax of nil, are as follows: Foreign currency Total RMB RMB Balance as of January 1, 2014 (82,589 ) (82,589 ) Current year other comprehensive income 16,835 16,835 Balance as of December 31, 2014 (65,754 ) (65,754 ) Current year other comprehensive income 41,518 41,518 Balance as of December 31, 2015 (24,236 ) (24,236 ) Current year other comprehensive income 142,526 142,526 Balance as of December 31, 2016 118,290 118,290 Balance as of December 31, 2016, in US$ 17,037 17,037 |
Mainland China Employee Contrib
Mainland China Employee Contribution Plan | 12 Months Ended |
Dec. 31, 2016 | |
Text Block [Abstract] | |
Mainland China Employee Contribution Plan | 21. MAINLAND CHINA EMPLOYEE CONTRIBUTION PLAN As stipulated by the regulations of the PRC, full-time employees of the Company in the PRC participate in a government-mandated multiemployer defined contribution plan organized by municipal and provincial governments. Under the plan, certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. The Company is required to make contributions to the plan based on certain percentages of employees’ salaries. The total expenses for the plan were RMB88,102, RMB89,571 and RMB130,630 (US$18,815), respectively, for the years ended December 31, 2014, 2015 and 2016. |
Share Based Compensation
Share Based Compensation | 12 Months Ended |
Dec. 31, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Share Based Compensation | 22. SHARE BASED COMPENSATION (a) Option granted to employees In order to provide additional incentives to employees and to promote the success of the Company’s business, the Company adopted a share incentive plan in 2010 (the “2010 Plan”) and 2014 (the “2014 Plan”), respectively. Under the 2010 Plan, the Company may grant options and RSUs to its employees, directors and consultants to purchase an aggregate of no more than 39,272,595 ordinary shares of the Company. The 2010 Plan was approved by the Board of Directors and shareholders of the Company on July 16, 2010. The 2010 Plan is administered by the Board of Directors or the Compensation Committee of the Board as set forth in the 2010 Plan (the “Plan Administrator”). All share options to be granted under the 2010 Plan have a contractual term of ten years and generally vest over 3 to 4 years in the grantee’s option agreement. In order to further promote the success and enhance the value, the Company adopted the 2014 Plan. The 2014 Plan was approved by Annual General Meeting on May 29, 2014. Under the 2014 Plan, the Company may issue an aggregate of no more than 20,461,380 shares (“Maximum Number”) and such Maximum Number should be automatically increased by a number that is equal to 15% of the number of new shares issued by the Company from time to time. The maximum aggregate number of ordinary shares to be issued under 2014 Plan was subsequently amended to 39,606,817, as approved by the Board of Directors and shareholders of the Company on October 30, 2015. All share options, restricted shares and restricted share units to be granted under the 2014 Plan have a contractual term of ten years and generally vest over 3 to 4 years in the grantee’s option agreement. The Company granted 3,122,417, 952,178 and 1,059,668 RSUs in 2014, 2015 and 2016, respectively, with performance conditions whereby a predetermined number will vest upon the assignment of an annual performance review in accordance with predetermined performance targets for the grantees over a one or four-year period. As it is probable for the Company to estimate the annual performance review ratings for the individual grantees, the Company commenced recognition of the related compensation expense using the accelerated recognition method. The compensation cost related to remaining unvested share options shall be recognized over the remaining requisite service period or the performance review period. As of December 31, 2016, options to purchase 1,987,765 of ordinary shares were outstanding. The following table summarizes the Company’s employee share option activity under the 2010 Plan: Number of options Weighted average exercise price Weighted average remaining contractual term Aggregate intrinsic value (US$) (Years) (US$) Outstanding, January 1, 2016 4,180,198 0.39 6.1 Granted 2,835 0.85 Exercised (2,195,268 ) 0.30 Forfeited — — Outstanding, December 31, 2016 1,987,765 0.49 4.6 1,399 Vested and expected to vest at December 31, 2016 1,987,765 0.49 4.6 1,374 Exercisable as of December 31, 2016 1,984,930 0.47 4.5 1,387 The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the fair value of the underlying stock at each reporting date, for those awards that have an exercise price below the estimated fair value of the Company’s shares. As of December 31, 2016, the Company had options outstanding to purchase an aggregate of 1,987,765 shares with an exercise price below the fair value of the Company’s shares, resulting in an aggregate intrinsic value of RMB9,713 (US$1,399). The aggregate fair value of the outstanding options at the grant date was determined to be RMB18,350 (US$ 2,643) as of December 31, 2016 and such amount is recognized as compensation expense using the straight-line method for all employee share options granted with graded vesting based on service conditions and the accelerated method for share options granted with graded vesting based on performance conditions. The weighted-average grant-date fair value of options granted during the years ended December 31, 2014, 2015 and 2016 was nil, nil and US$2, respectively. The total fair value of share options vested during the years ended December 31, 2014, 2015 and 2016 was US$5,488, US$3,111 and nil, respectively. The aggregate intrinsic value of options exercised during the years ended December 31, 2014, 2015 and 2016 was US$15,517, US$15,519, and US$1,906, respectively. As of December 31, 2016, there was RMB13 (US$2) of unrecognized share-based compensation cost, net of estimated forfeitures, related to unvested options which is expected to be recognized over a weighted-average period of 0.2 year. Total unrecognized compensation cost may be adjusted for future changes in estimated forfeitures. The following table summarizes the Company’s RSUs activity under the 2010 Plan and 2014 Plan: Number of Weighted-average Weighted-average Aggregate (US$) (Years) (US$) Unvested, January 1, 2016 1,773,060 19.14 8.6 Granted 646,940 8.85 Vested (1,159,664 ) 12.80 Forfeited/Cancelled (1) (447,638 ) 1.56 Unvested, December 31, 2016 812,698 13.25 8.5 16,820 (1) Cancellation of the terms under original award in exchange for a new award which is treated as modification. Share-based compensation cost for RSUs is measured based on the closing fair market value of the Company’s ADS on the date of grant and the reporting date for equity and liability classified RSU, respectively. The aggregate fair value of the unvested RSUs as of December 31, 2016 was RMB116,781 (US$16,820), and such amount is recognized as compensation expense using the straight-line method for the RSUs with graded vesting based on service conditions and the accelerated method for the RSUs with graded vesting based on performance conditions and share-settled bonuses. The weighted-average grant-date fair value of RSUs granted during the years ended December 31, 2014, 2015 and 2016 was US$23.27, US$18.27 and US$8.85, respectively. The total fair value of RSUs vested during the years ended December 31, 2014, 2015 and 2016 was US$9,774, US$22,801 and US$14,849, respectively. During 2016, the Company granted 175,555 RSUs to settle the performance bonuses as elected by employees. As of December 31, 2016, there was RMB129,688 (US$18,679) of unrecognized share-based compensation cost related to RSUs which is expected to be recognized over a weighted-average vesting period of 2.0 years. Total unrecognized compensation cost may be adjusted for future changes in estimated forfeitures. (b) Fully vested ordinary shares to employees On March 5, 2014, the Company agreed to issue 690,000 fully vested ADSs to Galaxy ENet, a company owned by a certain management employee of the Managed Network Entities. These ADSs are to compensate certain management employees of the Managed Network Entities in exchange for their past services and all of them have transferred their rights to Galaxy ENet. Such fully vested ADSs were issued to Galaxy ENet with treasury stock of 76,048 ADSs and newly issued share of 613,952 ADSs. Accordingly, the Company recorded share-based compensation cost of RMB117,207 in “General and administrative expenses” within the Company’s consolidated statements of operations for the year ended December 31, 2014. (c) Shares issued to management of Dermot Entities (Note 4) For the year ended December 31, 2015 and 2016, the Company recorded compensation cost of RMB8,439 and RMB10,871 (US$1,566) within the Company’s consolidated statements of operations, respectively. Total compensation expense relating to share options and RSUs granted to employees recognized for the years ended December 31, 2014, 2015 and 2016 is as follows: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Cost of revenues 7,163 12,422 (4,110 ) (592 ) Sales and marketing expenses 13,482 13,488 2,490 359 General and administrative expenses 208,914 153,814 123,273 17,755 Research and development expenses 4,176 10,303 (2,924 ) (421 ) 233,735 190,027 118,729 17,101 |
Taxation
Taxation | 12 Months Ended |
Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Taxation | 23. TAXATION Enterprise income tax (“EIT”) Cayman Islands The Company is incorporated in the Cayman Islands and conducts its primary business operations through the subsidiaries and VIEs in the PRC and Hong Kong. It also has intermediate holding companies in BVI. Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gains. Hong Kong Subsidiaries in Hong Kong are subject to Hong Kong profits tax rate of 16.5% for the years ended December 31, 2014, 2015 and 2016. Taiwan DYX Taiwan branch is incorporated in Taiwan and is subject to Taiwan profits tax rate of 17% for the years ended December 31, 2014, 2015 and 2016. The PRC The Company’s PRC subsidiaries are incorporated in the PRC and subject to PRC EIT on the taxable income in accordance with the relevant PRC income tax laws. Effective January 1, 2008, the statutory corporate income tax rate is 25%, except for certain entities eligible for preferential tax rates. 21Vianet Beijing was qualified for a High and New Technology Enterprises (“HNTE”) since 2008 and is eligible for a 15% preferential tax rate. In October 2014, 21Vianet Beijing obtained a new certificate, which will expire in October 2017. In accordance with the PRC Income Tax Laws, an enterprise awarded with the HNTE status may enjoy a reduced EIT rate of 15%. For the years ended December 31, 2014, 2015 and 2016, 21Vianet Beijing enjoyed a preferential tax rate of 15%. In April 2011, 21Vianet (Xi’an) Information Outsourcing Industry Park Services Co., Ltd (“Xi’an Sub”), a subsidiary located in Shaanxi Province, qualified for a preferential tax rate of 15%. The preferential tax rate is awarded for companies that have operations in certain industries and meet the criteria of the Preferential Tax Policies for Development of the West Regions. The entity’s qualification will need to be assessed on an annual basis. For the years ended December 31, 2014, 2015 and 2016, Xi’an Sub enjoyed a preferential tax rate of 15%. In July 2012, Gehua, a subsidiary located in Guangdong Province, qualified as an HNTE and is eligible for a 15% preferential tax rate effective from 2012 to 2014, and thereafter for an additional three years if it is able to meet the HNTE technical and administrative requirements in those three years. Gehua has successfully renewed the HNTE certificate in 2015. For the years ended December 31, 2014, 2015 and 2016, Gehua enjoyed a preferential tax rate of 15%. In June 2009, BJ Fastweb, a subsidiary located in Beijing, qualified as an HNTE and is eligible for a 15% preferential tax rate effective from 2009 to 2011, and thereafter for an additional three years if it is able to meet the HNTE technical and administrative requirements in those three years. BJ Fastweb has successfully renewed the HNTE certificate in 2015. For the years ended December 31, 2014, 2015 and 2016, BJ Fastweb enjoyed a preferential tax rate of 15%. In December 2013, WiFire BJ, a subsidiary located in Beijing, qualified as an HNTE and became eligible for a 15% preferential tax rate effective from 2013 to 2015, and thereafter for an additional three years if it is able to meet the HNTE technical and administrative requirements in those three years. Wifire BJ has successfully reviewed the HNTE certificate in 2016. For the years ended December 31, 2014, 2015 and 2016, WiFire BJ enjoyed a preferential tax rate of 15%. In 2013, BJ iJoy qualified as a software enterprise which allows the Company to utilize a two-year In 2010, GD Tianying, a subsidiary located in Guangdong Province, qualified as an HNTE and is eligible for a 15% preferential tax rate effective from 2010 to 2012, and thereafter for an additional three years if it is able to meet the HNTE technical and administrative requirements in those three years. The Company’s HNTE certificate expired as of December 31, 2012 and the Company obtained a renewed certificate in October 2013, which has expired on October 12, 2016. For the years ended December 31, 2014 and 2015, GD Tianying enjoyed a preferential tax rate of 15%. For the year ended December 31, 2016, GD Tianying was subject to the statutory tax rate of 25%. In October 2015, SH Blue Cloud, a subsidiary located in Shanghai, qualified as an HNTE and became eligible for a 15% preferential tax rate effective from 2015 to 2017, and thereafter for an additional three years if it is able to meet the HNTE technical and administrative requirements in those three years. For the years ended December 31, 2015 and 2016, SH Blue Cloud enjoyed a preferential tax rate of 15%. In November 2016, SZ DYX, a subsidiary located in Guangdong Province, qualified as an HNTE and became eligible for a 15% preferential tax rate effective from 2016 to 2018, and thereafter for an additional three years if it is able to meet the HNTE technical and administrative requirements in those three years. For the year ended December 31, 2016, SZ DYX enjoyed a preferential tax rate of 15%. In 2010 and 2012, SC Aipu and Yunnan Aipu Network Technology Co., Ltd. (“YN Aipu”), respectively, qualified for a preferential tax rate of 15%. The preferential tax rate is awarded for companies that have operations in certain industries and meet the criteria of the Preferential Tax Policies for Development of the West Regions. The qualification will need to be reviewed on an annual basis. For the years ended December 31, 2014, 2015 and 2016, SC Aipu and YN Aipu enjoyed a preferential tax rate of 15%. The Company’s other PRC subsidiaries were subject to EIT at a rate of 25% for the years ended December 31, 2014, 2015 and 2016. The New EIT Law also provides that enterprises established under the laws of foreign countries or regions and whose “place of effective management” is located within the PRC are considered PRC tax resident enterprises and subject to PRC income tax at the rate of 25% on worldwide income. The definition of “place of effective management” refers to an establishment that exercises, in substance, overall management and control over the production and business, personnel, accounting, properties, etc. of an enterprise. As of December 31, 2016, no detailed interpretation or guidance has been issued to define “place of effective management”. Furthermore, as of December 31, 2016, the administrative practice associated with interpreting and applying the concept of “place of effective management” is unclear. If the Company is deemed as a PRC tax resident, it would be subject to PRC tax under the New CIT Law. The Company will continue to monitor changes in the interpretation or guidance of this law. Loss before income taxes consists of: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Non-PRC (485,539 ) (256,279 ) (155,364 ) (22,377 ) PRC 173,735 (97,166 ) (787,718 ) (113,454 ) (311,804 ) (353,445 ) (943,082 ) (135,831 ) Income tax (expense) benefits comprises of: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Current (45,401 ) (68,092 ) (54,772 ) (7,889 ) Deferred 28,728 20,262 65,932 9,496 (16,673 ) (47,830 ) 11,160 1,607 The reconciliation of tax computed by applying the statutory income tax rate of 25% for the years ended December 31, 2014, 2015 and 2016 applicable to the PRC operations to income tax (expense) benefits is as follows: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Loss before income taxes (311,804 ) (353,445 ) (943,082 ) (135,831 ) Income tax benefit computed at applicable tax rates (25%) 77,951 88,361 235,770 33,958 Non-deductible (6,095 ) (19,216 ) (16,610 ) (2,392 ) Research and development expenses 6,879 6,871 7,766 1,119 Effect of tax holidays 6,305 2,743 1,691 244 Preferential rate 20,049 6,183 (11,060 ) (1,593 ) Current and deferred tax rate differences (8,553 ) (2,876 ) (1,521 ) (219 ) International rate differences (108,066 ) (90,773 ) (51,392 ) (7,402 ) Tax exempted income 2,118 — 9,878 1,423 Unrecognized tax benefits 3,872 (529 ) (14,525 ) (2,092 ) Deferred tax expense (3,109 ) (387 ) 1,516 218 Change in valuation allowance (7,704 ) (36,529 ) (158,724 ) (22,861 ) Prior year provision to return true up (320 ) (1,678 ) 8,371 1,204 Income tax (expense) benefits (16,673 ) (47,830 ) 11,160 1,607 The benefit of the tax holiday per basic and diluted earnings per share is as follows: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Basic 0.016 0.006 0.003 0.000 Diluted 0.016 0.006 0.003 0.000 Deferred Tax The significant components of deferred taxes are as follows: December 31, 2015 2016 RMB RMB US$ Deferred tax assets Current Allowance for doubtful debt 7,533 25,224 3,633 Accrued salary and welfare 22,843 30,236 4,355 Accrued expenses 4,474 3,955 570 Property and equipment 1,487 1,612 232 Deferred government grant-current 321 201 29 Valuation allowance (5,545 ) (17,866 ) (2,574 ) Net current deferred tax assets 31,113 43,362 6,245 Non-current Tax losses 46,283 202,485 29,164 Property and equipment 18,783 13,486 1,942 Intangible assets 1,772 1,254 181 Capital lease 15,061 23,364 3,365 Deferred government grant-non-current 5,259 4,700 677 Depreciation and amortization generated from acquisitions 7,163 5,849 842 Valuation allowance (47,421 ) (193,824 ) (27,916 ) Net non-current 46,900 57,314 8,255 Total deferred tax assets 78,013 100,676 14,500 Non-current Intangible assets 204,236 148,003 21,317 Property and equipment 69,038 92,687 13,350 Capitalized interest expense 6,700 11,789 1,698 Gain generated from equity method investments 13,238 22,221 3,200 Total non-current 293,212 274,700 39,565 As of December 31, 2016, the Company has net tax operating losses from its PRC subsidiaries and its Consolidated VIEs, as per filed tax returns, of RMB778,587 (US$112,140), which will expire between 2017 to 2021. As of December 31, 2016, the Company intends to permanently reinvest the undistributed earnings from other foreign subsidiaries to fund future operations. As of December 31, 2016, the total amount of undistributed earnings from its PRC subsidiaries as well as VIEs was RMB1,025,340 (US$147,680). The amount of unrecognized deferred tax liabilities for temporary differences related to investments in foreign subsidiaries is not determined because such a determination is not practicable. Unrecognized Tax Benefits As of December 31, 2015 and 2016, the Company recorded unrecognized tax benefits of RMB14,492 and RMB28,689 (US$4,132), respectively. The unrecognized tax benefits and its related interest are primarily related to the application of a reduced income tax rate not yet approved and unqualified deemed profit tax filing method. RMB21,610 of the total unrecognized tax benefits, ultimately recognized, will impact the effective tax rate. It is possible that the amount of uncertain tax benefits will change in the next 12 months, however, an estimate of the range of the possible outcomes cannot be made at this time. A roll-forward of unrecognized tax benefits is as follows: For the year ended December 31, 2015 2016 RMB RMB US$ Balance at beginning of year 16,682 11,802 1,700 Reversal based on tax positions related to prior years (11,144 ) (258 ) (37 ) Additions based on tax positions related to the current year 6,264 11,676 1,682 Balance at end of year 11,802 23,220 3,345 In the years ended December 31, 2014, 2015 and 2016, the Company (reversed) recorded interest expense of RMB(556), RMB(1,082) and RMB2,779 (US$400), respectively. Accumulated interest expense recorded by the Company was RMB2,690 and RMB5,469 (US$787) as of December 31, 2015 and 2016, respectively. As of December 31, 2016, the tax years ended December 31, 2012 through 2016 for the PRC subsidiaries remain open for statutory examination by the PRC tax authorities. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 24. RELATED PARTY TRANSACTIONS a) Related parties * Name of related parties Relationship with the Company aBitCool A company owned by the same group of the Company’s Class B ordinary shareholders (1) BitCool Media Group Limited (“Bitcool Media”) A company controlled by aBitCool Shanghai Shibei Hi-Tech Noncontrolling shareholder of a subsidiary A PRC citizen Seller of iJoy Suzhou Youpusi Information Technology Co., Ltd. A company controlled by the seller of iJoy Mr. Li Noncontrolling shareholder of Aipu Group Upwise Investment Limited (“Upwise”) Seller of Dermot Entities Dyxnet Internet Center Limited (“DIC”) A related party of the seller of Dermot Entities Dyxnet Corporate Service Limited (“DCS”) A related party of the seller of Dermot Entities Beijing Cheetah Mobile Technology Co., Ltd. (2) A company controlled by principal shareholder of the Company Chengdu Xishanju Shiyou Technology Co., Ltd. (“CD Xishanju”) (2) A company controlled by principal shareholder of the Company Beijing Kingsoft Cloud Network Technology Co., Ltd. (2) A company controlled by principal shareholder of the Company Chengdu Kingsoft Digital Entertainment Technology (2) A company controlled by principal shareholder of the Company Xiaomi Communication Technology Co., Ltd. (3) A company controlled by principal shareholder of the Company Taiwan Xiaomi Communication Technology Co., Ltd. (3) A company controlled by principal shareholder of the Company Xiaomi Technology Co., Ltd. (“Xiaomi Technology”) (3) A company controlled by principal shareholder of the Company Beijing Xiaomi Mobile Software Co., Ltd. (3) A company controlled by principal shareholder of the Company Chengdu Xingpu Investment Management Co., Ltd. A related party of Mr. Li Anlai Network Communication Technology Company Limited (“Anlai”) Seller of Dermot Entities WNT Technology Limited (“WNT Technology”) A related party of Lap Man Chengdu Guotao Communication Co., Ltd Noncontrolling shareholder of Aipu Dyxnet Data Centre Services Limited(“DCSS”) Lap Man as Common director, a related party of seller of Dermot entities * These are the related parties that have engaged in significant transactions with the Company for the year ended December 31, 2014, 2015 and 2016. (1) There are certain shareholders (“Common Shareholders”) that are shareholders of both aBitCool and the Company. As of December 31, 2016, in terms of economic interests and voting power, the Common Shareholders’ ownership interests in the Company were 5.89% and 15.42% while their ownership interests in aBitCool was 90.14% in terms of both economic interests and voting power, based on the register of members of the Company. There is neither a single controlling shareholder nor a group of shareholders holding identical ownership interests individually and controlling ownership interests in aggregate in the Company and aBitCool. (2) These companies and Kingsoft are ultimately controlled by the same party. Kingsoft made a significant investment in the Company in 2015 and 2016 (note 28). (3) These companies and Xiaomi are ultimately controlled by the same party. Xiaomi made a significant investment in the Company in 2015 and 2016 (note 28). b) Other than disclosed elsewhere, the Company had the following significant related party transactions for the years ended December 31, 2014, 2015 and 2016: For the years ended December 31, 2014 2015 2016 RMB RMB RMB US$ Services provided to: - Xiaomi Communication — 27,144 113,458 16,341 - BJ Kingsoft — 7,969 19,471 2,804 - BJ Xiaomi — 275 11,689 1,684 - BJ Cheetah — 6,712 9,478 1,365 - CD Xishanju — 3,379 2,320 334 - TW Xiaomi — 91 93 13 - Upwise 143 204 — — - DCS 18 73 — — - DIC — 508 — — Services provided by: - DCSS — — 10,883 1,567 - DIC 4,106 10,764 7,053 1,016 - WNT Technology — — 2,125 306 - BJ Kingsoft — — 1,045 151 - DCS 587 9,259 — — - Upwise 97 253 — — Purchases of equipment and property from: - DIC — — 3,079 443 - SZ Youpusi 80,059 3,577 1,410 203 - DCS 330 — — — - CD Xingpu — 37,101 — — Loans provided to: - Seller of Aipu Group 98,500 — — — - BitCool Media 22,792 — — — Loan from: - CD Guotao — — 3,483 502 Repayment of loans: - BitCool Media 35,380 — — — Receipt of interest income from loan to: - BitCool Media 1,553 — — — Interest income from loan to: - BitCool Media 956 1,211 — — Management service provided by: - DCS 8,949 16,602 — — c) The Company had the following related party balances as of December 31, 2015 and 2016: December 31, 2015 2016 RMB RMB US$ Amounts due from related parties: Current: - Seller of Aipu Group 28,500 98,500 14,187 - Seller of iJoy 25,974 27,748 3,997 - Xiaomi Communication 9,367 22,473 3,237 - CD Xingpu — 12,466 1,795 - SH Shibei 9,800 9,800 1,411 - BJ Cheetah 2,590 4,776 688 - BJ Kingsoft 3,561 3,864 557 - BJ Xiaomi — 1,631 235 - SZ Youpusi 863 817 118 - CD Xishanju 1,469 256 37 - TW Xiaomi 20 — — - Bitcool Media 22,605 — — - Upwise 327 — — - DCS 61 — — - Others — 284 40 105,137 182,615 26,302 Non-current: - Seller of Aipu Group 70,000 — — Amounts due to related parties: Current: - Seller of the Managed Network Entities 47,755 47,755 6,878 - Seller of iJoy 61,436 38,131 5,492 - Seller of Aipu Group 76,666 30,000 4,321 - CD Guotao — 3,483 502 - BJ Kingsoft — 1,105 159 - SZ Youpusi — 667 96 - DCS 894 — — - Xiaomi Technology 210 361 52 - CD Xingpu 1,000 43 6 - DIC 789 11 2 - Seller of WiFire BJ and Yilong 2,970 — — - Sellers of Dermot Entities 205,800 — — - Upwise 41 — — - CD Kingsoft 5 — — - BJ Cheetah 22 — — - Others — 372 53 397,588 121,928 17,561 December 31, 2015 2016 RMB RMB US$ Non-current: - Seller of Tianying 16,350 — — - Seller of Aipu Group 11,034 — — 27,384 — — |
Segment Reporting
Segment Reporting | 12 Months Ended |
Dec. 31, 2016 | |
Segment Reporting [Abstract] | |
Segment Reporting | 25. SEGMENT REPORTING The operations of the Company are organized into two segments, consisting of the Hosting and related services and Managed network services. The Company derives the results of the segments directly from its internal management reporting system. The CODM measures the performance of each segment based on metrics of revenue and earnings from operations and uses these results to evaluate the performance of, and to allocate resources to, each of the segments. Because substantially all of the Group’s long-lived assets and revenues are located in and derived from the PRC, geographical segments are not presented. The table below provides a summary of the Group’s operating segment results for the years ended December 31, 2014, 2015 and 2016. For the years ended December 31, 2014 2015 2016 2016 RMB RMB RMB US$ (In thousands) Hosting and related services Revenues 1,505,233 2,369,223 2,668,655 384,366 Operating profit (loss) 9,882 (64,658 ) 44,101 6,352 Managed network services Revenues 1,371,214 1,265,149 973,119 140,159 Operating loss (124,582 ) (219,575 ) (884,297 ) (127,365 ) Group consolidated revenue 2,876,447 3,634,372 3,641,774 524,525 Group consolidated operating loss (114,700 ) (284,233 ) (840,196 ) (121,013 ) |
Restricted Net Assets
Restricted Net Assets | 12 Months Ended |
Dec. 31, 2016 | |
Receivables [Abstract] | |
Restricted Net Assets | 26. RESTRICTED NET ASSETS The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by the Company’s PRC subsidiaries only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of the Company’s PRC subsidiaries. In accordance with the PRC Regulations on Enterprises with Foreign Investment and the articles of association of the Company’s PRC subsidiaries, a foreign-invested enterprise established in the PRC is required to provide certain statutory reserves, namely general reserve fund, the enterprise expansion fund and staff welfare and bonus fund which are appropriated from net profit as reported in the enterprise’s PRC statutory accounts. A foreign-invested enterprise is required to allocate at least 10% of its annual after-tax As a result of these PRC laws and regulations subject to the limit discussed above that require annual appropriations of 10% of after-tax paid-in |
Loss Per Share
Loss Per Share | 12 Months Ended |
Dec. 31, 2016 | |
Earnings Per Share [Abstract] | |
Loss Per Share | 27. LOSS PER SHARE Basic and diluted loss per share for each of the years presented are calculated as follows: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Numerator: Net loss (328,477 ) (401,275 ) (931,922 ) (134,224 ) Net (profit) loss attributable to noncontrolling interest and redeemable noncontrolling interest (20,003 ) (26,824 ) 298,324 42,968 Net loss attributable to ordinary shareholders (348,480 ) (428,099 ) (633,598 ) (91,256 ) Plus: (Increase) decrease in accretion of redeemable noncontrolling interests (7,850 ) 7,850 (210,485 ) (30,316 ) Adjusted net loss attributable to ordinary shareholders (356,330 ) (420,249 ) (844,083 ) (121,572 ) Denominator: Weighted-average number of shares outstanding—basic 401,335,788 492,065,239 617,169,833 617,169,833 Weighted-average number of shares outstanding—diluted 401,335,788 492,065,239 617,169,833 617,169,833 Loss per share—Basic: Net loss (0.89 ) (0.85 ) (1.37 ) (0.20 ) (0.89 ) (0.85 ) (1.37 ) (0.20 ) Loss per share—Diluted: Net loss (0.89 ) (0.85 ) (1.37 ) (0.20 ) (0.89 ) (0.85 ) (1.37 ) (0.20 ) In 2013, 2015 and 2016, the Company issued 6,000,000, 7,200,000 and 4,500,000 ordinary shares to its share depositary bank which will be used to settle stock option awards upon their exercise, respectively. No consideration was received by the Company for this issuance of ordinary shares. These ordinary shares are legally issued and outstanding but are treated as escrowed shares for accounting purposes and therefore, have been excluded from the computation of loss per share. Any ordinary shares not used in the settlement of stock option awards will be returned to the Company. Contingently issuable shares related to the portion of contingent consideration for the acquisitions in the form of shares that are based on targets that have been fixed are included in the computation of basic loss per share as the Company does not expect any circumstances under which these shares would not be issued. |
Share Capital
Share Capital | 12 Months Ended |
Dec. 31, 2016 | |
Equity [Abstract] | |
Share Capital | 28. SHARE CAPITAL In May 2014, the Company’s annual general meeting of shareholders authorized share capital of the Company be increased from (A) US$7,700 divided into (i) 470,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00001 each and (ii) 300,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00001 each to (B) US$15,000 divided into (i) 1,200,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00001 each and (ii) 300,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00001 each, by the creation of an additional 730,000,000 Class A Ordinary Shares with a nominal or par value of US$0.00001 each to rank pari passu in all respects with the existing Class A Ordinary Shares. Holders of Class A Ordinary Shares and Class B Ordinary Shares are entitled to the same rights except for voting and conversion rights. In respect of matters requiring a shareholder’s vote, each Class A Ordinary Share is entitled to one vote and each Class B Ordinary Share is entitled to 10 votes. Each Class B Ordinary Share is convertible into one Class A Ordinary Share at any time by the holder. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Upon any transfer of Class B Ordinary Shares by a holder to any person or entity which is not an affiliate of such holder, such Class B Ordinary Shares will be automatically converted into an equal number of Class A Ordinary Shares. In 2014, the Company issued 2,666,898 Class A ordinary shares to the sellers of Fastweb and WiFire BJ and Yilong in settlement of the contingent purchase considerations. In addition, the Company also issued 3,683,712 Class A ordinary shares to Galaxy ENet Inc. (Note 22(b)). In 2015, the Company issued 39,087,125 Class A and 18,250,268 Class B ordinary shares to Kingsoft for an aggregate cash consideration of US$172,012 and the Company issued 6,142,410 Class A and 10,524,257 Class B ordinary shares to Xiaomi for an aggregate cash consideration of US$50,000. In addition, the Company issued 24,668,022 Class A ordinary shares to Esta for an aggregate cash consideration of US$74,004. The Company also issued 13,098,599 Class A ordinary shares to the sellers of Dermot Entities, GD Tianying and iJoy in settlement of the contingent purchase considerations. In May 2016, the Company issued 31,996,874 Class A ordinary shares and 111,053,390 Class B ordinary shares at the subscription price of approximately US$2.712 per ordinary share, or US$16.274 per ADS to Tuspark Innovation Venture Limited. In May 2016, the Company also issued 10,087,476 Class A ordinary shares to the sellers of certain acquired Entities in settlement of the contingent purchase considerations. |
Redeemable Noncontrolling Inter
Redeemable Noncontrolling Interests | 12 Months Ended |
Dec. 31, 2016 | |
Noncontrolling Interest [Abstract] | |
Redeemable Noncontrolling Interests | 29. REDEEMABLE NONCONTROLLING INTERESTS For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Balance as of January 1 — 773,706 790,229 113,817 Acquisition of Aipu Group (Note 4) 748,040 — — — Current profit (loss) 17,816 24,373 (300,714 ) (43,312 ) Increase (decrease) in accretion of redeemable noncontrolling interests 7,850 (7,850 ) 210,485 30,316 Balance as of December 31 773,706 790,229 700,000 100,821 |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | 30. FAIR VALUE MEASUREMENTS The Company applies ASC 820, Fair Value Measurements and Disclosures ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 — Include other inputs that are directly or indirectly observable in the marketplace. Level 3 — Unobservable inputs which are supported by little or no market activity. ASC 820 describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach; and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. Cash equivalents, fixed rate time deposits and bonds payable are classified within Level 1 because they are valued by using quoted market prices. Floating rate principal unguaranteed investments and fixed rate principal guaranteed investments are classified within Level 2 because the underlying assets values within these investments are directly observable in the marketplace. The mandatorily redeemable noncontrolling interests (Note 1(c)), the contingent considerations for the acquired businesses (Note 4), the share-settled bonuses, liability classified RSU and long term investments are classified within Level 3. The fair value of the noncontrolling interest was estimated using the income approach based on the discounted cash flows (“DCF”) model, with adjustments for the lack of control and lack of marketability that market participants would consider when estimating the fair value of the noncontrolling interests in the Consolidated VIE. The contingent considerations are based on the achievement of certain financial targets in accordance with the sales and purchase agreements for the various periods, as well as other non-financial Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair value measurement using: Quoted prices in Significant other Unobservable Fair value at RMB RMB RMB RMB Cash equivalents: - Fixed rate time deposits 771,723 — — 771,723 Held-to-maturity - Floating rate principal unguaranteed investments — 102,300 — 102,300 Long-term investments: - Available-for-sale — — 2,597 2,597 Assets 771,723 102,300 2,597 876,620 Long-term borrowings: - Bonds payable 2,193,744 — — 2,193,744 Other liabilities: - Share-settled bonuses — — 41,352 41,352 - Mandatorily redeemable noncontrolling interests in Asia Cloud Investment — — 100,000 100,000 Amounts due to related parties: - Contingent consideration payables in relation to the acquisition of subsidiaries — — 372,256 372,256 Liabilities 2,193,744 — 513,608 2,707,352 Fair value measurement using: Quoted prices in Significant other Unobservable Fair value at RMB RMB RMB RMB US$ Cash equivalents: - Fixed rate time deposits 588,589 — — 588,589 84,774 Held-to-maturity - Fixed rate time deposits 277,946 — — 277,946 40,033 Long-term investments - Available-for-sale investments — — 7,921 7,921 1,141 Assets 866,535 — 7,921 874,456 125,948 Long-term borrowings: - Bonds payable 418,497 — — 418,497 60,276 Other liabilities: - Share-settled bonuses — — 37,526 37,526 5,405 - Liability classified RSU 34,612 34,612 4,985 Amounts due to related parties: - Contingent consideration payable in relation to the acquisition of subsidiaries — — 65,797 65,797 9,477 Liabilities 418,497 — 137,935 556,432 80,143 The following table presents a reconciliation of all liabilities measured at fair value on a recurring basis using significant unobservable inputs (level 3): Contingent consideration RMB Fair value at January 1, 2015 548,017 Changes in the fair value 43,325 Payment of cash consideration (4,543 ) Reclassification to equity upon resolution of contingencies (214,543 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2015 372,256 Changes in the fair value (93,307 ) Payment of cash consideration (2,617 ) Reclassification to equity upon resolution of contingencies (210,535 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2016 65,797 Fair value at December 31, 2016 (US$) 9,477 Share-settled bonuses RMB Fair value at January 1, 2015 14,913 Increase in bonuses settled in shares during 2015 41,146 Changes in the fair value 5,683 Reclassification to equity (19,072 ) Reclassification to “Accrued expenses and other payables-Others” (1,318 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2015 41,352 Increase in bonuses settled in shares during 2016 37,678 Changes in the fair value (5,319 ) Reclassification to equity (15,890 ) Reclassification to “Accrued expenses and other payables-Others” — Bonuses settled in cash during 2016 (20,295 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2016 37,526 Fair value at December 31, 2016 (US$) 5,405 Liability classified RSU RMB Fair value at January 1, 2016 — Increase in liability classified RSU 36,834 Reclassification to equity (2,222 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2016 34,612 Fair value at December 31, 2016 (US$) 4,985 Mandatorily redeemable RMB Fair value at January 1, 2016 100,000 Changes in the fair value — Transfers in and/or out of Level 3 (Note 1(c)) (100,000 ) Fair value at December 31, 2016 — Fair value at December 31, 2016 (US$) — Changes in the fair value of the contingent purchase consideration payables will be recorded in the consolidated financial statements of operations. The Company’s valuation techniques used to measure the fair value of the contingent consideration payable were derived from management’s assumptions of estimations as discussed above. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 31. COMMITMENTS AND CONTINGENCIES Capital commitments As of December 31, 2016, the Company has the following commitments to purchase certain computer and network equipment and construction in progress: RMB US$ 2017 140,834 20,284 2018 33,531 4,829 2019 13,916 2,004 188,281 27,117 Operating lease commitments The Company leases facilities in the PRC, Hong Kong and United States under non-cancelable non-cancelable RMB US$ 2017 124,557 17,940 2018 77,354 11,141 2019 49,505 7,130 2020 35,985 5,183 2021 and thereafter 157,641 22,705 445,042 64,099 Payments under operating leases are expensed on a straight-line basis over the periods of their respective leases. The terms of the leases do not contain material rent escalation clauses or contingent rents. Bandwidth and cabinet capacity purchase commitments As of December 31, 2016, the Company had outstanding purchase commitments in relation to bandwidth and cabinet capacity consisting of the following: RMB US$ 2017 1,141,347 164,388 2018 48,959 7,052 2019 37,352 5,380 2020 35,317 5,087 2021 and thereafter 96,891 13,955 1,359,866 195,862 Managed Network Services As of December 31, 2016, the Company was in the process of negotiation with the seller of the Managed Network Entities on the quality assessment of the fiber optic network subsequent to the completion of construction. As this is a pending event subsequent to the acquisition which is unrelated to the original acquisition, the Company concluded that the accounting for any settlement should be separated from that of the business combination. Based on the Company’s best estimate, the fair value of the related contingent consideration in shares of RMB47,755, as determined based on the remeasured amount of December 31, 2012, is accrued as a contingent payable pursuant to ASC 450, Contingencies Income Taxes As of December 31, 2016, the Group has recognized an accrual of RMB28,689 (US$4,132) for unrecognized tax benefits and its interest (Note 23). The final outcome of the tax uncertainty is dependent upon various matters including tax examinations, interpretation of tax laws or expiration of statutes of limitation. However, due to the uncertainties associated with the status of examinations, including the protocols of finalizing audits by the relevant tax authorities, there is a high degree of uncertainty regarding the future cash outflows associated with these tax uncertainties. As of December 31, 2016, the Group classified the accrual for unrecognized tax benefits as a non-current Securities Litigation The Company and certain of its officers and directors were named as defendants in two putative securities class actions filed in U.S. federal district courts in Texas, The complaints in both actions alleged that certain of the Company’s financial statements and other public disclosures contained misstatements or omissions and asset claims under the U.S. securities laws. Putative plaintiffs in these actions have filed motions to consolidate the cases and for appointment of a lead plaintiff, which remain pending before the court. As the actions remain in their preliminary stages, the Company’s management is unable to express any opinion on the likelihood of an unfavorable outcome or any estimate of the amount or range of any potential loss. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events | 32. SUBSEQUENT EVENTS In March 2017, the Company entered into an investment agreement with Warburg Pincus to establish a multi-stage joint venture and build a digital real estate platform in China. The Company will seed the initial JV with four existing high-performing IDC assets, valued at over US$300 million, and Warburg Pincus will contribute direct capital and extensive industry network and resources in the real estate sector. The Company will continue to own 51% of the equity interests in the four existing IDC assets while Warburg Pincus will own the remaining 49%. With respect to further projects to be developed by the joint venture, the Company will initially own 49% of the equity interests and Warburg Pincus will initially own 51% of the equity interests. |
Parent Company Only Condensed F
Parent Company Only Condensed Financial Information | 12 Months Ended |
Dec. 31, 2016 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Parent Company Only Condensed Financial Information | 33. PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed balance sheets Note As of December 31, 2015 2016 RMB RMB US$ ASSETS Current assets Cash 798,200 596,871 85,967 Restricted cash — 1,759,726 253,453 Short-term investments — 277,946 40,033 Prepaid expenses and other current assets 66,287 103,271 14,874 Amount due from a related party (b ) 25,974 97,748 14,079 Amount due from subsidiaries (b ) 3,153,413 3,208,620 462,137 Total current assets 4,043,874 6,044,182 870,543 Non-current Investments in subsidiaries 2,565,783 2,133,242 307,251 Amount due from a related party (b ) 70,000 — — Other non-current 6,123 — — Total non-current 2,641,906 2,133,242 307,251 Total assets 6,685,780 8,177,424 1,177,794 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accrued expenses and other payables 14,826 38,599 5,560 Short-term bank borrowings — 1,500,000 216,045 Account payables 5,929 10,672 1,537 Interest payable 7,829 5,759 829 Amount due to related parties (b ) 346,872 68,131 9,813 Amount due to subsidiaries (b ) 3,728 9,732 1,402 Bonds payable (d ) 264,250 419,316 60,394 Total current liabilities 643,434 2,052,209 295,580 Non-current Amount due to related parties (b ) 27,384 — — Bonds payable (d ) 2,000,000 — — Total non-current 2,027,384 — — Total liabilities 2,670,818 2,052,209 295,580 Shareholders’ equity: Class A Ordinary shares (par value of US$0.00001 per share; 1,200,000,000 and 1,200,000,000 shares authorized; 458,916,346 and 505,207,968 shares issued and outstanding as of December 31, 2015 and 2016, respectively) 30 33 4 Class B Ordinary shares (par value of US$0.00001 per share; 300,000,000 and 300,000,000 shares authorized; 63,596,248 and 174,649,638 shares issued and outstanding as of December 31, 2015 and 2016, respectively) 4 12 2 Additional paid-in 6,403,117 9,015,846 1,298,551 Accumulated other comprehensive (loss) income (24,236 ) 118,290 17,037 Accumulated deficit (2,170,811 ) (2,804,409 ) (403,918 ) Treasury stock (193,142 ) (204,557 ) (29,462 ) Total shareholders’ equity 4,014,962 6,125,215 882,214 Total liabilities and shareholders’ equity 6,685,780 8,177,424 1,177,794 Condensed statements of operations For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Operating Expenses General and administrative expenses (125,859 ) (166,662 ) (124,450 ) (17,923 ) Changes in the fair value of contingent purchase consideration payables (22,629 ) (43,325 ) 93,307 13,439 Operating loss (148,488 ) (209,987 ) (31,143 ) (4,484 ) Other income (199,418 ) (152,100 ) (169,915 ) (24,473 ) Share of losses from subsidiaries and Consolidated VIEs (574 ) (66,012 ) (432,540 ) (62,299 ) Loss before income taxes (348,480 ) (428,099 ) (633,598 ) (91,256 ) Income tax expense — — — — Net loss (348,480 ) (428,099 ) (633,598 ) (91,256 ) Condensed statements of comprehensive loss For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Net loss (348,480 ) (428,099 ) (633,598 ) (91,256 ) Other comprehensive loss, net of tax of nil: Foreign currency translation adjustments, net of tax of nil 16,835 41,518 142,526 20,528 Other comprehensive loss, net of tax of nil: 16,835 41,518 142,526 20,528 Comprehensive loss (331,645 ) (386,581 ) (491,072 ) (70,728 ) Comprehensive loss attributable to the Company’s ordinary shareholders (331,645 ) (386,581 ) (491,072 ) (70,728 ) Condensed statements of cash flows For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Net cash used in operating activities (23,952 ) (26,621 ) (78,567 ) (11,316 ) Net cash used in investing activities (1,186,053 ) (977,300 ) (617,613 ) (88,955 ) Net cash generated from financing activities 623,214 1,798,230 494,851 71,273 Net (decrease) increase in cash (586,791 ) 794,309 (201,329 ) (28,998 ) Cash at beginning of the year 590,682 3,891 798,200 114,965 Cash at end of the year 3,891 798,200 596,871 85,967 (a) Basis of presentation In the Company-only financial statements, the Company’s investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since inception. The Company records its investment in its subsidiary under the equity method of accounting as prescribed in ASC 323-10, Investment-Equity Method and Joint Ventures The subsidiaries did not pay any dividends to the Company for the years presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted and as such, these Company-only financial statements should be read in conjunction with the Group’s consolidated financial statements. (b) Related party transactions The Company had the following related party balances as of December 31, 2015 and 2016: December 31, 2015 2016 RMB RMB US$ Amount due from subsidiaries - 21Vianet HK 2,997,103 3,037,249 437,455 - Xi’an Holding 6,563 7,011 1,010 - Ventures 19,546 27,124 3,907 - Asia Cloud Technology 4,157 — — - WiFire Group 649 4,301 619 - Fastweb Technology 54,364 60,574 8,724 - 21V Mobile 71,031 72,361 10,422 3,153,413 3,208,620 462,137 Amount due from related parties Current: - Seller of iJoy 25,974 27,748 3,997 - Seller of Aipu Group — 70,000 10,082 25,974 97,748 14,079 Non-current: - Seller of Aipu Group 70,000 — — Amount due to subsidiaries - 21Vianet Technology 7 7 1 - 21Vianet Beijing 3,719 9,713 1,400 - 21Vianet China 2 2 — - DYX — 10 1 3,728 9,732 1,402 December 31, 2015 2016 RMB RMB US$ Amount due to related parties Current: - Sellers of WiFire BJ &Yilong 2,970 — — - Seller of Aipu Group 76,666 30,000 4,321 - Seller of Dermot Entities 205,800 — — - Seller of iJoy 61,436 38,131 5,492 346,872 68,131 9,813 Non-current: - Sellers of Tianying 16,350 — — - Seller of Aipu Group 11,034 — — 27,384 — — (c) Commitments Operating lease commitments The Company leases a facility in the United States under non-cancelable As of December 31, 2016, the Company has future minimum lease payments under non-cancelable RMB US$ 2017 18,532 2,669 2018 18,996 2,736 2019 19,471 2,804 2020 19,957 2,874 2021 and thereafter 90,486 13,033 167,442 24,116 (d) Bonds payable On March 22, 2013, the Company issued and sold 2016 Bonds with an aggregate principal amount of RMB1,000,000 at a coupon rate of 7.875% per annum. The 2016 Bonds were due and fully repaid in March 2016. On June 26, 2014, the Company issued and sold 2017 Bonds with an aggregate principal amount of RMB2,000,000 at a coupon rate of 6.875% per annum. The 2017 Bonds will mature on June 26, 2017. The 2017 Bonds were listed and quoted on the Official List of the Singapore Exchange Securities Trading Limited. Interest on the 2017 Bonds is payable semi-annually in arrears on June 26 and December 26 in each year, beginning December 26, 2014. Net proceeds from the 2017 Bonds after deducting issuance costs of RMB19,360, were RMB1,980,640. The proceeds from issuance of 2017 Bonds was used to new data centers, fund acquisitions, repurchase the 2016 Bonds and for general corporate purposes. The effective interest rate of the 2017 Bonds is 7.39%. Deferred issuance costs are included in “Other non-current Both the 2016 Bonds and the 2017 Bonds are unsecured and rank senior in right of payment to any of the Company’s indebtedness that is expressly subordinated to the bonds; equal in right of payment to any of the Company’s liabilities that are not so subordinated; but rank lower than any secured indebtedness of the Company and all liabilities (including trade payables) of the Company’s subsidiaries and Consolidated VIEs. In August 2016, the Company repurchase 78.97% of the outstanding 2017 Bonds with the total principal amount of RMB1,579,400 (US$227,481). Payment of accrued interests was RMB18,742 (US$2,702). The debt extinguishment loss amounting to RMB29,841 (US$4,298) was recognized in earnings upon the repurchase. |
Summary of Significant Accoun41
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Basis of Presentation | (a) Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). |
Principles of Consolidation | (b) Principles of consolidation The consolidated financial statements include the financial statements of the Company, its subsidiaries and the Consolidated VIEs for which the Company or a subsidiary of the Company is the primary beneficiary. All significant inter-company transactions and balances between the Company, its subsidiaries and the Consolidated VIEs are eliminated upon consolidation. Results of acquired subsidiaries and its Consolidated VIEs are consolidated from the date on which control is transferred to the Company. |
Use of estimates | (c) Use of estimates The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant estimates and assumptions reflected in the Company’s financial statements include, but are not limited to, estimating the useful lives of long-lived assets, assessing the initial valuation of the assets acquired and liabilities assumed in a business combination and assets acquisition and the subsequent impairment assessment of long-lived assets and related goodwill, accounting for investments and the subsequent impairment assessment, determining the provision for accounts and other receivable, accounting for deferred income taxes, accounting for share-based compensation arrangements, accounting for mandatorily redeemable noncontrolling interests and redeemable noncontrolling interests and accounting for capital lease. The valuation of and accounting for the Company’s purchase consideration (Note 4) also requires significant estimates and judgments provided by management. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements. |
Foreign Currency | (d) Foreign currency The functional currency of the Company and its overseas subsidiaries is the United States dollar (“US$”), whereas the functional currency of the Company’s PRC subsidiaries and its Consolidated VIEs is the Chinese Renminbi (“RMB”) as determined based on the criteria of ASC 830, Foreign Currency Matters. The Company uses the RMB as its reporting currency. Transactions denominated in foreign currencies are re-measured into the functional currency at the exchange rates prevailing on the transaction dates. Foreign currency denominated financial assets and liabilities are re-measured at the balance sheet date exchange rate. Exchange gains and losses are included in foreign exchange gains and losses in the consolidated statements of operations. Assets and liabilities of the Company and its overseas subsidiaries are translated into RMB at fiscal year-end exchange rates. Income and expense items are translated at average exchange rates prevailing during the fiscal year. The resulting translation adjustments are recorded in other comprehensive income within the statements of comprehensive loss. |
Convenience Translation | (e) Convenience translation Amounts in US$ are presented for the convenience of the reader and are translated at the noon buying rate of US$1.00 to RMB6.9430 on December 30, 2016 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate. |
Cash and Cash Equivalents | (f) Cash and cash equivalents Cash and cash equivalents consist of cash on hand and demand deposits placed with banks or other financial institutions which are unrestricted as to withdrawal and use and have original maturities less than three months. All highly liquid investments with a stated maturity of 90 days or less from the date of purchase are classified as cash equivalents. |
Restricted cash | (g) Restricted cash Restricted cash mainly represents amounts held by a few banks in escrow as security for credit facilities, the guarantee of compliance with the network and service requirements of the radio spectrum license awarded by the Hong Kong Telecommunication Authority, the deposits held in escrow for the advances received from end customers subscribing Office 365 and Windows Azure services (the disbursement of which shall be agreed by both Microsoft (China) Co., Ltd. (“Microsoft”) and the Company) and the guarantee of notes payable. |
Short-term investments | (h) Short-term investments All highly liquid investments with stated maturities of greater than 90 days but less than 365 days are mainly fixed rate time deposits, floating-rate time deposits, floating rate principal guaranteed investments and floating rate principal unguaranteed investments that are classified as held-to-maturity short-term investments, which are stated at their amortized costs, which approximate their estimated fair value for their short-term maturity. The Company accounts for short-term investments in accordance with ASC Topic 320 (“ASC 320”), Investments—Debt and Equity Securities. The Company classifies the short-term investments in debt and equity securities as “held-to-maturity”, “trading” or “available-for-sale”, whose classification determines the respective accounting methods stipulated by ASC 320. Dividend and interest income for all categories of investments in securities are included in earnings. Any realized gains or losses, if any, on the sale of the short-term investments are determined on a specific identification method, and such gains and losses are reflected in earnings during the period in which gains or losses are realized. The securities that the Company has positive intent and ability to hold to maturity are classified as held-to-maturity securities and stated at amortized cost. For individual securities classified as held-to-maturity securities, the Company evaluates whether a decline in fair value below the amortized cost basis is other-than-temporary in accordance with the Company’s policy and ASC 320. When the Company intends to sell an impaired debt security or it is more-likely-than-not that it will be required to sell prior to recovery of its amortized cost basis, an other-than-temporary impairment is deemed to have occurred. In these instances, the other-than-temporary impairment loss is recognized in earnings equal to the entire excess of the debt security’s amortized cost basis over its fair value at the balance sheet date of the reporting period for which the assessment is made. When the Company does not intend to sell an impaired debt security and it is more-likely-than-not that it will not be required to sell prior to recovery of its amortized cost basis, the Company must determine whether or not it will recover its amortized cost basis. If the Company concludes that it will not, an other-than-temporary impairment exists and that portion of the credit loss is recognized in earnings, while the portion of loss related to all other factors is recognized in other comprehensive loss. The securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities. Unrealized holding gains and losses for trading securities are included in earnings. Investments not classified as trading or as held-to-maturity are classified as available-for-sale securities. Available-for-sale investments are reported at fair value, with unrealized gains and losses recorded in accumulated other comprehensive loss. Realized gains or losses are included in earnings during the period in which the gain or loss is realized. An impairment loss on the available-for-sale securities would be recognized in earnings when the decline in value is determined to be other-than-temporary. No impairment loss had been recorded during each of the three years ended December 31, 2014, 2015 and 2016. |
Accounts Receivable and Allowance for Doubtful Debt | (i) Accounts receivable and allowance for doubtful debt Accounts receivable are carried at net realizable value. An allowance for doubtful debt is recorded in the period when loss is probable based on an assessment of specific evidence indicating troubled collection, historical experience, accounts aging and other factors. An accounts receivable is written off after all collection effort has ceased. |
Inventories | (j) Inventories Inventories are stated at the lower of cost or market. Cost is determined using the first-in, first-out |
Property and equipment | (k) Property and equipment Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, as follows: Category Estimated useful life Property 25-46 Leasehold improvements Over the shorter of lease term or the estimated useful lives of the assets Optical fibers 10-20 Computer and network equipment 4-11 Office equipment 5 years Motor vehicles 5 years Repair and maintenance costs are charged to expense as incurred, whereas the costs of betterments that extend the useful life of property and equipment are capitalized as additions to the related assets. Retirements, sale and disposals of assets are recorded by removing the cost and accumulated depreciation with any resulting gain or loss reflected in the consolidated statements of operations. Property and equipment that are purchased or constructed which require a period of time before the assets are ready for their intended use are accounted for as construction-in-progress. Construction-in-progress Construction-in-progress |
Intangible assets | (l) Intangible assets Intangible assets are carried at cost less accumulated amortization and any recorded impairment. Intangible assets acquired in a business combination are recognized initially at fair value at the date of acquisition. Intangible assets with finite useful lives, except for acquired customer relationships in the acquisition of the Managed Network Entities which is amortized using an accelerated method, are amortized using a straight-line method. These amortization methods reflect the estimated pattern in which the economic benefits of the respective intangible assets are to be consumed. The Company has capitalized certain internal use software development costs in accordance with ASC Subtopic 350-40 350-40”), Intangibles-Goodwill and Other: Internal-Use internal-use internal-use Intangible assets have weighted average useful lives from the date of purchase as follows: Purchased software 3.4 years Radio spectrum license 15 years Network use right 20 years Contract backlog* 5.2 years Customer relationships* 9.5 years Supplier relationships* 8.9 years Licenses* 15 years Trade Name* 15.1 years Platform software* 5 years Non-compete 5.1 years Internally use software 7 years Property management relationship* 9 years * Acquired in the acquisitions of subsidiaries. |
Land use rights | (m) Land use rights The land use rights represent the amounts paid and relevant costs incurred for the rights to use land in the PRC and are recorded at purchase cost less accumulated amortization. Amortization is provided on a straight-line basis over the terms of the respective land use rights certificates. |
Long-term investments | (n) Long-term investments The Company’s long-term investments consist of cost method investments and equity method investments. In accordance with ASC 325-20, Investments-Other: Cost Method Investments, for investments in an investee over which the Company does not have significant influence, the Company carries the investment at cost and only adjusts for other-than-temporary declines in fair value and distributions of earnings. The Company’s management regularly evaluates the impairment of its cost method investments based on the performance and financial position of the investee as well as other evidence of estimated market values. Such evaluation includes, but is not limited to, reviewing the investee’s cash position, recent financing, projected and historical financial performance, cash flow forecasts and current and future financing needs. An impairment loss is recognized in the consolidated statements of operations equal to the excess of the investment’s cost over its fair value at the balance sheet date of the reporting period for which the assessment is made. The fair value would then become the new cost basis of investment. Investments in equity investees represent investments in entities in which the Company can exercise significant influence but does not own a majority equity interest or control are accounted for using the equity method of accounting in accordance with ASC 323-10, Investments-Equity Method and Joint Ventures: Overall. The Company applies the equity method of accounting that is consistent with ASC 323-10 in limited partnerships in which the Company holds a three percent or greater interest. Under the equity method, the Company initially records its investment at cost and prospectively recognizes its proportionate share of each equity investee’s net profit or loss into its consolidated statements of operations. The difference between the cost of the equity investee and the amount of the underlying equity in the net assets of the equity investee is recognized as equity method goodwill included in equity method investments on the consolidated balance sheets. The Company evaluates its equity method investments for impairment under ASC 323-10. An impairment loss on the equity method investments is recognized in the consolidated statements of operations when the decline in value is determined to be other-than-temporary. No impairment loss had been recorded during each of the three years ended December 31, 2014, 2015 and 2016. |
Goodwill | (o) Goodwill Goodwill represents the excess of the purchase price over the amounts assigned to the fair value of the assets acquired and the liabilities assumed of an acquired business. The Company’s goodwill as of December 31, 2015 and 2016 were mainly related to its acquisitions of the Managed Network Entities, Fastweb, iJoy, Aipu Group and Dermot Entities. In accordance with ASC 350, Goodwill and Other Intangible Assets, recorded goodwill amounts are not amortized, but rather are tested for impairment annually or more frequently if there are indicators of impairment present. The Company has adopted Accounting Standards Update No. 2011-08 (“ASU 2011-08”), Intangibles – Goodwill and Others, pursuant to which the Company can elect to perform a qualitative assessment to determine whether the two-step impairment testing on goodwill is necessary. The performance of the impairment test in accordance to ASC 350 involves a two-step process. The first step of the impairment test involves comparing the fair value of the reporting unit with its carrying amount, including goodwill. Fair value is primarily determined by computing the future discounted cash flows expected to be generated by the reporting unit. If the reporting unit’s carrying value exceeds its fair value, goodwill may be impaired. If this occurs, the Company performs the second step of the goodwill impairment test to determine the amount of impairment loss. The fair value of the reporting unit is allocated to its assets and liabilities in a manner similar to a purchase price allocation in order to determine the implied fair value of the reporting unit’s goodwill. If the implied goodwill fair value is less than its carrying value, the difference is recognized an impairment loss. In accordance with ASC 350, the Company assigned and assessed goodwill for impairment at the reporting unit level. A reporting unit is an operating segment or one level below the operating segment. As of December 31, 2015, the Company had one single reporting unit which is also its only operating segment. Goodwill that has arisen as a result of the acquisitions of subsidiaries was assigned to this reporting unit. Immediately upon the change in segment reporting in 2016, there were two reporting units consisting of two service lines namely Hosting and related services and Managed network services. The goodwill was reassigned to the two reporting units using a relative fair value allocation approach. In 2016, the Company elected to assess goodwill for impairment using the two-step process. As of October 1, 2016, the Company completed its annual impairment test for goodwill that has arisen out of its acquisitions. The Company determined the fair value of the reporting unit using the income approach based on the discounted expected cash flows associated with the reporting unit. The discounted cash flows for the reporting unit were based on six year projections. Cash flow projections were based on past experience, actual operating results and management best estimates about future developments as well as certain market assumptions. Cash flows after six years were estimated using a terminal value calculation, which considered terminal value growth at 3%, considering the long term revenue growth for entities in a similar industry in the PRC. The discount rate of approximately 13% was derived and used in the valuations which reflect the market assessment of the risks specific to the Company and its industry and is based on its weighted average cost of capital. The resulting fair value of the reporting unit was higher than its carrying value, and as such, the Company was not required to complete the second step; therefore, no impairment losses were recognized in 2016. Similarly, pursuant to the goodwill impairment tests in 2014 and 2015, no impairment losses were recognized. |
Impairment of long-lived assets | (p) Impairment of long-lived assets The Company evaluates its long-lived assets or asset group, including intangible assets with finite lives, for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying amount of an asset or a group of long-lived assets may not be recoverable. When these events occur, the Company evaluates for impairment by comparing the carrying amount of the assets to future undiscounted net cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss based on the excess of the carrying amount of the asset group over its fair value. Fair value is generally determined by discounting the cash flows expected to be generated by the assets, when the market prices are not readily available for the long-lived assets. In 2016, due to the deterioration of the operating results of one of the Company’s asset group, the Company recognized an impairment loss based on the excess of the carrying amount of the asset group over its fair value. The Company determined the fair value of the asset group using the income approach based on the discounted expected cash flows associated with the asset group. The discounted cash flows for the asset group were based on eight year projections which is consistent with the remaining useful lives of its principal assets. Cash flow projections were based on past experience, actual operating results and management best estimates about future developments as well as certain market assumptions. The discount rate of approximately 13% was derived and used in the valuations which reflect the market assessment of the risks specific to the Company and its industry and is based on its weighted average cost of capital. The impairment loss reduced the carrying amount of the long-lived assets of a group on a pro-rata The Company recorded impairment charges associated with its long-lived assets and acquired intangibles as follows: Years ended December 31, 2014 2015 2016 RMB RMB RMB US$ Impairment of property and equipment — — 238,144 34,300 Impairment of intangible assets — — 154,803 22,296 |
Fair value of financial instruments | (q) Fair value of financial instruments The Company’s financial instruments include cash and cash equivalents, restricted cash, short-term investments, accounts receivable and payable, other receivables and payables, bonds payable, short-term, long-term bank and other borrowings, available-for-sale The carrying amounts of long-term bank and other borrowings approximate their fair values since they bear interest rates which approximate market interest rates. The contingent considerations in both cash and shares and share-settled bonuses are initially measured at fair value on the acquisition dates of the acquired businesses and the date of grant, respectively, and subsequently remeasured at the end of each reporting period with an adjustment for fair value recorded to the current period expense. The mandatorily redeemable noncontrolling interest is initially recognized at its issuance value. The Company recognizes changes in the redemption value based on the higher of its redemption value at the end of each reporting period and the original issuance value as interest expense. In 2016, the mandatorily redeemable noncontrolling interest was fully settled. The Company, with the assistance of an independent third party valuation firm, determined the estimated fair value of the contingent consideration in both cash and shares and mandatorily redeemable controlling interests that are recognized in the consolidated financial statements. Based on the quoted market price as of December 31, 2016, the fair value of the bonds payable was RMB418,497 (US$60,276) (Note 30). |
Revenue recognition | (r) Revenue recognition The Company provides hosting and related services including hosting of customers’ servers and networking equipment, connecting customers’ servers with internet backbones, content delivery network services optimizing speed and security of data transmission, virtual private network services providing encrypted secured connection to public internet and other value-added services. The Company also provides managed network services to enable its customers to deliver data across the internet in a faster and more reliable manner through extensive data transmission network and BroadEx smart routing technology, and to get the last-mile broadband internet connection services in large metro areas in China. Consistent with the criteria under ASC topic 605 (“ASC 605”), Revenue Recognition The Company’s services are provided under the terms of a master service agreement, which will typically accompany a one-year pre-set pre-set The Company may charge its customers an initial set-up set-up set-up The Company made sales of software for the Cloud Content Delivery Network (“CDN”) system developed using the Company’s CDN platform technology know-hows. Revenue is recognized when all of the four basic criteria under ASC605-10 The Company provides last-mile wired broadband Internet access services, sometimes bundled with broadband related products, to individual and corporate customers at agreed prices. The Company allocates the contract price based on the relative selling price method under which the selling price of each deliverable is determined using VSOE of selling price, third-party evidence (“TPE”) of selling price, or management’s best estimate of the selling price (“BESP”). The Company considers all reasonably available information in determining the BESP, including both market and entity-specific factors. Revenues are recognized for each deliverable when all four criteria under ASC605-10 The Company evaluates whether it is appropriate to record the gross amount of service sales and related costs or the net amount earned as commissions. Generally, when the Company is primarily obligated in a transaction, have latitude in establishing prices and / or selecting suppliers, or have several but not all of these indicators, revenue is recorded at the gross sale price. The Company generally records the net amounts as commissions earned if the Company is not primarily obligated and do not have latitude in establishing prices. Such amounts earned are determined using a fixed percentage of the gross sales price. Cash received in advance from customers that are expected to be recognized as revenue upon completion of performance obligations is recorded as deferred revenue when there is no general right of refund; otherwise, it is recorded as advances from customers. Business tax on revenues earned from provision of services to customers is recorded as a deduction from gross revenue to derive net revenue in the same period in which the related revenue is recognized. Most of the Company’s PRC subsidiaries and its Consolidated VIEs are subject to a business tax rate of 3% or 5%. The business tax expenses and other surcharges for the years ended December 31, 2014 and 2015 amounted to RMB25,202 and RMB6,394. Effective since June 2014, VAT of 6% replaced the original business tax for all telecommunication services provided in Mainland China. There was no business tax expense charged in 2016 and afterwards. |
Cost of revenues | (s) Cost of revenues Cost of revenues consists primarily of telecommunication costs, depreciation of the Company’s long-lived assets, amortization of acquired intangible assets, maintenance, data center rental expenses directly attributable to the provision of the IDC services, payroll and other related costs of operations. |
Advertising expenditures | (t) Advertising expenditures Advertising expenditures are expensed as incurred and are included in sales and marketing expenses, which amounted to RMB19,687, RMB26,360 and RMB20,420 (US$2,941) for the years ended December 31, 2014, 2015 and 2016, respectively. |
Research and development expenses | (u) Research and development expenses Research and development expenses consist primarily of payroll and related personnel costs for routine upgrades and related enhancements of the Company’s services and network. Research and development expenses are expensed as incurred. |
Government grants | (v) Government grants Government grants are provided by the relevant PRC municipal government authorities to subsidize the cost of certain research and development projects. The amount of such government grants are determined solely at the discretion of the relevant government authorities and there is no assurance that the Company will continue to receive these government grants in the future. Government grants are recognized when it is probable that the Company will comply with the conditions attached to them, and the grants are received. When the grant relates to an expense item, it is recognized in the consolidated statement of operations over the period necessary to match the grant on a systematic basis to the costs that it is intended to compensate, as a reduction of the related operating expense. When the grant relates to an asset, it is recognized as deferred government grants and released to the consolidated statement of operations in equal amounts over the expected useful life of the related asset, when operational, as a reduction of the related depreciation expense. |
Leases | (w) Leases Leases are classified at the inception date as either a capital lease or an operating lease. The Company did not enter into any leases whereby it is the lessor for any of the periods presented. As the lessee, a lease is a capital lease if any of the following conditions exists: a) ownership is transferred to the lessee by the end of the lease term, b) there is a bargain purchase option, c) the lease term is at least 75% of the property’s estimated remaining economic life, or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date. A capital lease is accounted for as if there was an acquisition of an asset and an incurrence of an obligation at the inception of the lease. The Company entered into capital leases for certain fiber optic cables, network equipment and property in the years ended December 31, 2014, 2015 and 2016. All other leases are accounted for as operating leases wherein rental payments are expensed on a straight-line basis over the periods of their respective lease terms. The Company leases office space and employee accommodation under operating lease agreements. Certain lease agreements contain rent holidays and escalating rent. Rent holidays and escalating rent are considered in determining the straight-line rent expense to be recorded over the lease term. The lease term begins on the date of initial possession of the lease property for purposes of recognizing lease expense on a straight-line basis over the term of the lease. |
Capitalized interest | (x) Capitalized interest Interest costs are capitalized if they are incurred during the acquisition, construction or production of a qualifying asset and such costs could have been avoided if expenditures for these assets have not been made. As a result of total interest costs capitalized during the period, the interest expense for the year ended December 31, 2014, 2015 and 2016, was as follows: 2014 2015 2016 RMB RMB RMB US$ Interest expense and amortization cost of bonds 130,355 172,677 113,367 16,328 Interest expense on bank and other borrowings 66,699 55,391 46,377 6,680 Interest expense on capital lease 40,849 57,189 66,687 9,605 Total interest costs 237,903 285,257 226,431 32,613 Less: Total interest costs capitalized (5,883 ) (11,073 ) (27,842 ) (4,010 ) Interest expense, net 232,020 274,184 198,589 28,603 |
Income taxes | (y) Income taxes The Company accounts for income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company records a valuation allowance against deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not The Company applies ASC 740, Accounting for Income Taxes, The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of “income tax” in the consolidated statements of operations. |
Share-based compensation | (z) Share-based compensation Share options and Restricted Share Units (“RSUs”) granted to employees are accounted for under ASC 718, Compensation—Stock Compensation The Company has elected to recognize compensation expense using the straight-line method for share-based awards granted with service conditions that have a graded vesting schedule. For share-based awards granted with performance conditions, the Company recognizes compensation expense using the accelerated method. The Company commences recognition of the related compensation expense if it is probable that the defined performance condition will be met. To the extent that the Company determines that it is probable that a different number of share-based awards will vest depending on the outcome of the performance condition, the cumulative effect of the change in estimate is recognized in the period of change. For the performance bonuses that the employees can elect to settle in cash and/or restricted shares at an agreed premium of the Company (“Share-Settled Bonus”), the Company estimates the portion of the arrangement to be settled in equity based on its past settlement practices and classifies such portion as a liability in accordance with ASC718. The Company remeasures the fair value of such liability at each reporting period end through earnings until the actual settlement date, which is the date when the underlying shares were granted to the employees. Subsequent to the settlement date, although the Company accounts for these restricted shares units as an equity award, the original cash bonus amount continues to be classified as a liability within “Accrued expenses and other payables-Others” in the consolidated balance sheets until the end of the six months’ lock-up lock-up A cancellation of the terms or conditions of an equity award under original award in exchange for a new award should be treated as modification. The compensation costs associated with the modified awards are recognized if either the original vesting conditions or the new vesting conditions have been achieved. Total recognized compensation cost for the awards is at least equal to the fair value of the original awards at the grant date unless at the date of the modification the performance or service conditions of the original awards are not expected to be satisfied. The incremental compensation cost is measured as the excess of the fair value of the replacement awards over the fair value at the modification date. Therefore, in relation to the modified awards, the Company recognizes share-based compensation over the vesting periods of the new awards, which comprises (i) the amortization of the incremental portion of share-based compensation over the remaining vesting term, and (ii) any unrecognized compensation cost of original awards, using either the original term or the new term, whichever results in higher expenses for each reporting period. For modification of a liability award that remains a liability after modification, the liability award continues to be remeasured at fair value at each reporting date. On April 15, 2016 (“the Modification date”), the Company made revisions to the Share-Settled Bonus to remove the agreed premium and six month lock-up On November 26, 2016, the Board approved a new incentive program to replace unvested RSUs to certain individuals with a new bonus scheme which will be settled by issuing a variable number of shares with a fair value equal to fixed dollar amount on the settlement date. The modification was treated as an equity to liability modification in accordance with ASC 718. The Company remeasures the fair value of such liability at each reporting period end through earnings until the actual settlement date, which is the date when the number of underlying shares were fixed and recorded the incremental cost over the remaining vesting term and the unrecognized compensation of original awards using the new term. The Company elected to estimate forfeitures at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from initial estimates. The forfeiture rate is estimated based on historical and future expectations of employee turnover rates and are adjusted to reflect future changes in facts and circumstances, if any. Share-based compensation expense is recorded net of estimated forfeitures such that expense is recorded only for those share-based awards that are expected to vest. To the extent the Company revises this estimate in the future, the share-based payments could be materially impacted in the period of revision, as well as in subsequent periods. During the years ended December 31, 2014, 2015 and 2016, the Company estimated that the forfeiture rate for both the management and non-management |
Loss per share | (aa) Loss per share In accordance with ASC 260, Earnings per Share |
Share repurchase program | (bb) Share repurchase program Pursuant to the Board of Directors’ resolutions on August 26, 2014 and September 4, 2014, the Company’s management is authorized to repurchase up to US$5,000 and US$100,000 of the company’s ADSs respectively (“Share Repurchase Plan II”). During the period from September 2, 2014 to December 31, 2016, the Company repurchased 2,368,610 ADSs, under this plan for a consideration of approximately RMB256,330. The Company accounted for the repurchased shares as Treasury Stock at cost in accordance to ASC 505-30, Treasury Stock paid-in |
Comprehensive loss | (cc) Comprehensive loss Comprehensive loss is defined as the decrease in equity of the Company during a period from transactions and other events and circumstances excluding transactions resulting from investments by owners and distributions to owners. Accumulated other comprehensive loss of the Company includes foreign currency translation adjustments related to the Company and its overseas subsidiaries, whose functional currency is US$. |
Segment reporting | (dd) Segment reporting In accordance with ASC 280 “Segment Reporting” (“ASC 280”), the Company historically had only one single reportable segment since the Company’s chief executive officer, who has been identified as the Company’s chief operating decision-maker (“CODM”) formerly relied on the consolidated results of operations when making decisions on allocating resources and assessing performance of the Company. On October 1, 2016, the Company changed its reportable segments as the CODM now reviews the operating result of two different services in order to allocate resources and assess performance of the Company. The operations of the Company are organized into two segments, consisting of the Hosting and related services and Managed network services . Hosting and related services business focuses primarily on colocation, interconnectivity, cloud, VPN, hybrid IT and other value-added services. Managed network services focuses on businesses that primarily utilize bandwidth such as CDN service, hosting area network services and last-mile wired broadband service. The Company has restated the presentation of its reportable segments for prior years to conform with the current year’s presentation. |
Employee benefits | (ee) Employee benefits The full-time employees of the Company’s PRC subsidiaries are entitled to staff welfare benefits including medical care, housing fund, pension benefits and unemployment insurance, which are governmental mandated defined contribution plans. These entities are required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued. |
Comparatives | (ff) Comparatives Certain items reported in the prior year’s consolidated financial statements have been reclassified to conform to the current year’s presentation. |
Recent accounting pronouncements | (gg) Recent accounting pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09 2014-09”), 2014-09 2014-09 No. 2015-14, (“ASU- 2015-14”), 2014-09 2014-09 Early adoption is permitted to the original effective date. The Company is currently evaluating the timing of its adoption and the impact of adopting the new revenue standard on its consolidated financial statements and considering additional disclosure requirements. In November 2015, the FASB issued ASU No. 2015-17 2015-17”), In January 2016, the FASB issued ASU No. 2016-01 2016-01”), 2016-01 2016-01 In February 2016, the FASB issued ASU No. 2016-02, 2016-02”). 2016-02 2016-02 right-of-use 2016-02 2016-02 In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), (“ASU 2016-08”) which clarifies the implementation guidance on principal versus agent considerations. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to the customers. This guidance will be effective for the company in the first quarter of 2018, with the option to adopt it in the first quarter of 2017. The Group is still evaluating the effect if any, that this guidance will have on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13 2016-13”), 2016-13 available-for-sale In March 2016, the FASB issued ASU No. 2016-09, 2016-09”). 2016-09 2016-09 In August 2016, the FASB issued ASU No. 2016-15, 2016-15”). 2016-15 zero-coupon 2016-15 In November 2016, the FASB issued Accounting Standards Update No. 2016-18 2016-18”), 2016-18 beginning-of-period end-of-period In January 2017, FASB has issued ASU No. 2017-01, In January 2017, the FASB issued Accounting Standards Update No. 2017-04(“ASU 2017-04”), 2017-04 |
Organization (Tables)
Organization (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Summary of Subsidiaries and Consolidated Variable Interest Entities | The Company is principally engaged in the provision of Hosting and related services and Managed network services. (a) As of December 31, 2016, the significant subsidiaries of the Company and consolidated variable interest entities are as follows: Entity Date of incorporation/ Acquisition Place of Percentage Principal activities Direct Subsidiaries: 21ViaNet Group Limited May 25, 2007 Hong Kong 100 % Investment holding 21ViaNet Data Center Co., Ltd. (1) June 12, 2000 PRC 100 % Provision of technical and consultation services and rental of long-lived assets Fastweb International Holdings (5) September 9, 2012 Cayman Islands 100 % Investment holding Hong Kong Fastweb (5) September 9, 2012 Hong Kong 100 % Investment holding Beijing Fastweb Technology Co., Ltd. (1) / (5) September 9, 2012 PRC 100 % Dormant company 21Vianet (Foshan) Technology Co., Ltd. (1) December 20, 2011 PRC 100 % Trading of network equipment, provision of technical and internet data center services 21Vianet Anhui Suzhou Technology Co., Ltd. (1) November 16, 2011 PRC 100 % Trading of network equipment 21Vianet Xi’an Holding Limited (4) July 5, 2012 British Virgin Islands 100 % Investment holding 21Vianet (Xi’an) Technology (1) /(4) July 5, 2012 PRC 100 % Provision of technical and internet data center 21Vianet Hangzhou Information Technology Co., Ltd. (1) March 4, 2013 PRC 100 % Provision of internet data center services 21Vianet Mobile Limited (7) April 30, 2013 Hong Kong 100 % Investment holding Joytone Infotech Co., Ltd. (1) / (7) April 30, 2013 PRC 100 % Provision of technical and consultation services 21Vianet Ventures Limited March 6, 2014 Hong Kong 100 % Investment holding WiFire Group Inc. March 7, 2014 British Virgin Islands 100 % Investment holding Abitcool (China) Broadband Inc. (“aBitCool DG”) (1) June 13, 2014 PRC 100 % Dormant company Diyixian.com Limited (“DYX”) (9) August 10, 2014 Hong Kong 100 % Provision of virtual private network services Dermot Holding Limited (9) August 8, 2014 British Virgin Islands 100 % Investment holding 21Vianet Zhuhai Financial Leasing Co., Ltd. (“Zhuhai Financial Leasing”) (1) April 9, 2015 PRC 100 % Provision of financial leasing business services Foshan Zhuoyi Intelligence Date Co., Ltd. (“FS Zhuoyi”)”) (1) /(11) July 7, 2016 PRC 100 % Dormant company Variable Interest Entities (the “VIEs”): Beijing Yiyun Network Technology Co., Ltd. (formerly known as Beijing aBitCool Network Technology Co., Ltd.) (“21Vianet Technology”) (1) /(2) October 22, 2002 PRC — Provision of internet data center and managed network services Beijing iJoy Information Technology Co., Ltd. (“BJ iJoy”) (1) / (2)/ (7) April 30, 2013 PRC — Provision of internet data center, content delivery network services WiFire Network Technology (Beijing) Co., Ltd. (formerly known as aBitCool Small Micro Network Technology (BJ) Co., Ltd.) (“WiFire Network”) (1) / (2) April 1, 2014 PRC — Provision of telecommunication services Held directly by BJ iJoy: Shanghai iJoy Information (1) / (2)/ (7) May 30, 2013 PRC — Provision of internet data center, content delivery network services Held directly by 21Vianet Technology: Beijing 21Vianet Broad Band Data Center Co., Ltd. (“21Vianet Beijing”) (1) / (2) March 15, 2006 PRC — Provision of internet data center and managed network services Held directly by 21Vianet Beijing: 21Vianet (Xi’an) Information Outsourcing Industry Park Services Co., Ltd. (1) / (2) June 23, 2008 PRC — Provision of internet data center services Beijing Chengyishidai Network (1) / (2) / (3) September 30, 2010 PRC — Provision of managed network services Zhiboxintong (Beijing) Network Technology Co., Ltd. (1) / (2) / (3) September 30, 2010 PRC — Provision of managed network services Guangzhou Gehua Network Technology and Development Co., Ltd. (“Gehua”) (1) / (2) October 8, 2011 PRC — Provision of managed network services Langfang Xunchi Computer Data (1) / (2) December 19, 2011 PRC — Dormant company Beijing Fastweb Network Technology Co., Ltd. (“BJ Fastweb”) (1) / (2) / (5) September 9, 2012 PRC — Provision of internet data center and internet content delivery network services Shanghai Blue Cloud Technology Co., Ltd. (“SH Blue (1) / (2) March 21, 2013 PRC — Provision of Office 365 and Windows Azure platform services WiFire (Beijing) Technology Co., Ltd. (formerly known as Beijing Tianwang Online Communication (1) / (2) / (6) February 28, 2013 PRC — Provision of managed network services and virtual private network services Beijing Yilong Xinda Technology Co., Ltd. (1) / (2) / (6) February 28, 2013 PRC — Provision of managed network services and virtual private network services Beijing Yichengtaihe Investment Co., Ltd. (1)/ (2)/ (10) September 30, 2014 PRC — Dormant Company Held directly by LF Xunchi: Sichuan Aipu Network Co., Ltd. (“SC Aipu”) (1) / (2) / (8) May 31, 2014 PRC — Provision of community network services and business network services Held directly by DYX: DYXnet Limited (“DYX net”) (9) August 10, 2014 Hong Kong 100 % Dormant Company Held directly by DYX and LF Xunchi: Shenzhen Diyixian Telecommunication Co., Ltd. (“SZ DYX”) (1)/ (9) August 10, 2014 PRC 50 % Provision of virtual private network services (1) Collectively, the “PRC Subsidiaries”. (2) Collectively, the “Consolidated VIEs”. (3) On September 30, 2010, the Company through its subsidiary, 21Vianet Beijing acquired CYSD, ZBXT and its subsidiaries (collectively, the “Managed Network Entities”). (4) On July 5, 2012, the Company through its wholly-owned subsidiary, 21Vianet HK, acquired 100% equity interests in 21V Xi’an Holding and its subsidiaries (collectively referred to as “21V Xi’an”). (5) On September 9, 2012, the Company and its subsidiary, 21Vianet Beijing, acquired 100% equity interest in Fastweb Holding and its subsidiaries (collectively referred to as “Fastweb”). (6) On February 28, 2013, the Company through its wholly-owned subsidiary, 21Vianet Beijing, acquired 100% equity interests in WiFire BJ and BJ Yilong. (collectively referred to as “WiFire BJ and Yilong”). (7) On April 30, 2013, the Company acquired 100% equity interest in 21V Mobile and its subsidiaries (collectively referred to as “iJoy”). (8) On May 31, 2014, the Company and its subsidiary, Langfang Xunchi Computer Data Processing Co., Ltd. (“LF Xunchi”), acquired 50% equity interest in SC Aipu and its subsidiaries (collectively referred to as “Aipu Group”) (Note 4). (9) On August 10, 2014, the Company and its subsidiary, LF Xunchi, acquired 100% equity interest Dermot BVI and its subsidiaries (collectively referred to as “Dermot Entities”) (Note 4). (10) On September 30, 2014, the Company through its subsidiary, 21Vianet Beijing acquired 100% equity interest in the entity, which was accounted for an assets acquisition (Note 4). (11) On July 7, 2016, the Company through its subsidiary, 21Vianet HK acquired 100% equity interest in the entity, which was accounted for an assets acquisition (Note 4). |
Consolidated VIE before Eliminating Intercompany Balances | The following tables represent the financial information of the Consolidated VIEs as of December 31, 2015 and 2016 and for the years ended December 31, 2014, 2015 and 2016 before eliminating the intercompany balances and transactions between the Consolidated VIEs and other entities within the Group: As of December 31, 2015 2016 RMB RMB US$ ASSETS Current assets: Cash and cash equivalents 391,182 239,874 34,549 Restricted cash 135,875 68,709 9,896 Accounts receivable (net of allowance for doubtful debt of RMB39,010 and RMB80,313 (US$11,567) as of December 31, 2015 and 2016, respectively) 630,582 555,509 80,010 Inventories 13,115 4,320 622 Short-term investments 102,300 — — Prepaid expenses and other current assets 548,061 636,776 91,715 Deferred tax assets 29,029 40,751 5,869 Amounts due from related parties 55,503 82,350 11,861 Total current assets 1,905,647 1,628,289 234,522 Non-current Property and equipment, net 2,226,653 2,501,578 360,302 Intangible assets, net 810,171 555,649 80,030 Land use rights, net 64,682 76,044 10,953 Goodwill 1,146,570 1,146,570 165,140 Deferred tax assets 44,688 56,312 8,111 Other non-current 153,772 112,822 16,250 Long-term investments 164,454 266,748 38,420 Total non-current 4,610,990 4,715,723 679,206 Total assets 6,516,637 6,344,012 913,728 Current liabilities: Short-term bank borrowings 276,000 183,676 26,455 Accounts and notes payable 416,850 441,847 63,639 Accrued expenses and other payables 435,912 525,613 75,704 Advance from customers 185,800 201,397 29,007 Income tax payable 43,949 25,466 3,668 Deferred revenue 332,091 311,191 44,821 Amount due to inter-companies (1) 890,988 1,221,897 175,990 Amount due to related parties (2) 48,762 53,295 7,676 Current portion of capital lease obligation 123,694 203,394 29,295 Current portion of long-term bank borrowings 12,422 12,564 1,810 Deferred government grants 6,332 5,107 736 Total current liabilities 2,772,800 3,185,447 458,801 Non-current Amount due to inter-companies 1,080,118 1,052,734 151,625 Long-term bank borrowings 27,534 219,055 31,550 Non-current 543,503 581,568 83,763 Unrecognized tax benefits 11,098 24,153 3,479 Deferred tax liabilities 218,522 182,877 26,340 Deferred government grants 31,288 25,886 3,728 Deferred revenue 68,535 62,531 9,006 Mandatorily redeemable noncontrolling interests 100,000 — — Total non-current 2,080,598 2,148,804 309,491 Total liabilities 4,853,398 5,334,251 768,292 For the Years Ended December 31, 2014 2015 2016 RMB RMB RMB US$ Net revenues 2,695,021 3,066,090 2,938,319 423,206 Net profit (loss) 175,521 (35,811 ) (674,685 ) (97,175 ) For the Years Ended December 31, 2014 2015 2016 RMB RMB RMB US$ Net cash provided by operating activities 434,865 270,358 141,364 20,361 Net cash (used in) provided by investing activities (808,117 ) 105,635 (470,955 ) (67,832 ) Net cash provided by (used in) financing activities 480,045 (354,408 ) 178,283 25,678 Net increase (decrease) in cash and cash equivalents 106,793 21,585 (151,308 ) (21,793 ) (1) Amount due to inter-companies consist of intercompany payables to the other companies within the Group for the purchase of telecommunication resources and fixed assets on behalf of the Consolidated VIEs. The Consolidated VIEs had intercompany payables of RMB34,603 and RMB33,792 (US$4,867) to 21Vianet China for accrued service fees as of December 31, 2015 and 2016, respectively. Service fees paid by the Consolidated VIEs to 21Vianet China and were nil, RMB35,292 and nil for the years ended December 31, 2014, 2015 and 2016, respectively. (2) Information with respect to related parties is discussed in Note 24. |
Summary of Significant Accoun43
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Estimated Useful Lives of Property and Equipment | Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, as follows: Category Estimated useful life Property 25-46 Leasehold improvements Over the shorter of lease term or the estimated useful lives of the assets Optical fibers 10-20 Computer and network equipment 4-11 Office equipment 5 years Motor vehicles 5 years |
Weighted Average Useful Lives of Intangible Assets | Intangible assets have weighted average useful lives from the date of purchase as follows: Purchased software 3.4 years Radio spectrum license 15 years Network use right 20 years Contract backlog* 5.2 years Customer relationships* 9.5 years Supplier relationships* 8.9 years Licenses* 15 years Trade Name* 15.1 years Platform software* 5 years Non-compete 5.1 years Internally use software 7 years Property management relationship* 9 years * Acquired in the acquisitions of subsidiaries. |
Summary of Impairment Charges Associated with Long-Lived Assets and Acquired Intangibles | The Company recorded impairment charges associated with its long-lived assets and acquired intangibles as follows: Years ended December 31, 2014 2015 2016 RMB RMB RMB US$ Impairment of property and equipment — — 238,144 34,300 Impairment of intangible assets — — 154,803 22,296 |
Interest Expense | As a result of total interest costs capitalized during the period, the interest expense for the year ended December 31, 2014, 2015 and 2016, was as follows: 2014 2015 2016 RMB RMB RMB US$ Interest expense and amortization cost of bonds 130,355 172,677 113,367 16,328 Interest expense on bank and other borrowings 66,699 55,391 46,377 6,680 Interest expense on capital lease 40,849 57,189 66,687 9,605 Total interest costs 237,903 285,257 226,431 32,613 Less: Total interest costs capitalized (5,883 ) (11,073 ) (27,842 ) (4,010 ) Interest expense, net 232,020 274,184 198,589 28,603 |
Acquisitions (Tables)
Acquisitions (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Dynamic Ruby Limited | |
Fair Values of Net Identifiable Assets of FS Zhuoyi | The fair values of the net identifiable assets of FS Zhuoyi at the acquisition day are as follows: RMB US$ Net assets acquired: Land use right 92,650 13,344 Property 50,950 7,338 Cash and cash equivalents 5,672 817 Other current assets 21 3 Other current liabilities (51,386 ) (7,401 ) Deferred tax liabilities (24,757 ) (3,566 ) Total consideration in cash 73,150 10,535 |
Aipu Group | |
Total Purchase Price Consideration | To expand the reach of the Company’s data transmission network into regional last-mile access networks, further strengthening its position as a leading integrated internet infrastructure services provider in China, on May 31, 2014, the Company acquired from third party selling shareholders (the “Selling Shareholder”) the controlling interest represented by 50% equity interests plus one share of Aipu Group, one of the largest regional internet service providers in Southwest China, for a total purchase consideration of RMB748,971, as follow: RMB Cash consideration (i) 700,000 Contingent consideration in cash* (ii) 48,971 Total fair value of purchase price consideration 748,971 * The Company determined the fair value of the contingent consideration with the assistance of an independent third party valuation firm. Details of the purchase consideration are as follows: i. RMB700,000 of the above cash consideration was paid in 2014. ii. The contingent consideration in cash was determined based on the achievement by Aipu Group of certain revenue and net profit targets as well as certain operational performance targets in accordance with the sales and purchase agreement for the fiscal years 2014, 2015 and 2016. The Company determined the fair value of the contingent cash consideration as of the acquisition date and at the end of 2014, 2015 and 2016 with the assistance of an independent third party valuation firm based on the Company’s assessment of whether Aipu Group will meet the aforementioned contractually stipulated targets. The outstanding contingent consideration amount was recorded in the “Amount due to related parties” balance within the Company’s consolidated balance sheets (Note 24). In 2016, since Aipu failed to meet the operational performance target, the contingent consideration amounted to RMB57,700 was reversed as of December 31, 2016. |
Dermot Entities | |
Total Purchase Price Consideration | As part of the Company’s business strategy to expand into the Virtual Private Network (“VPN”) market, the Group acquired 100% equity interests in the Dermot Entities from a third party selling shareholder, on August 10, 2014 for a total purchase consideration of RMB953,567. RMB Cash consideration (i) 598,500 Contingent ordinary shares issuance * (ii) (iii) 355,067 Total fair value of purchase price consideration 953,567 * The Company determined the fair value of the contingent share consideration with the assistance of an independent third party valuation firm. Details of the purchase consideration are as follows: i. RMB 598,500 of the above cash consideration was paid in 2014. ii. The contingent consideration in shares are determined based on the achievement by Dermot Entities of certain financial targets in accordance with the sales and purchase agreement for the fiscal years 2014 and 2015 as well as compliance to the terms of the sales and purchase agreement. The above contingent consideration amounts were derived from the Company’s assessment of whether Dermot Entities will meet the contractually stipulated targets. The outstanding contingent consideration related to fiscal year 2015 has been recorded in the “Amount due to related parties” balance within the Company’s consolidated balance sheets. iii. As the contingent consideration in shares is predominately derived from a financial performance parameter other than the fair value of the issuer’s shares, it is liability-classified and is remeasured at the end of each reporting period with an adjustment for fair value recorded to the current period expense. The contingent consideration related to fiscal year 2014 and 2015 has been resolved and remeasured in April 2015 and April 2016, with its fair value of RMB210,000 and RMB210,000 reclassified to additional paid in capital, respectively. The Company issued 1,923,556 ADS in April 2015 and 1,618,251 ADS in May 2016 in relation to this, respectively. |
Other acquisitions | |
Total Purchase Price Consideration | As part of the Company’s business strategy to expand the existing hosting service, the Company completed other several non-significant RMB Cash consideration (i) 49,554 Contingent consideration in cash * (ii) 7,339 Contingent ordinary shares issuance * (ii) (iii) 7,339 Total fair value of purchase price consideration 64,232 * The Company determined the fair value of the contingent share consideration with the assistance of an independent third party valuation firm. Details of the purchase consideration are as follows: i. RMB49,554 of the above cash consideration was paid in 2014. ii. The contingent consideration in both cash and shares are determined based on the achievement by Guangdong Tianying Information Technology Co., Ltd. (“GD Tianying”) of certain financial and operational targets in accordance with the sales and purchase agreement for the fiscal years 2014, 2015 and 2016 as well as compliance to the terms of the sales and purchase agreement. The above contingent consideration amounts were derived from the Company’s assessment of whether GD Tianying will meet the contractually stipulated targets. iii. As the contingent consideration of GD Tianying in shares is predominately derived from a financial and operational performance parameter other than the fair value of the issuer’s shares, it is liability-classified and is remeasured at the end of each reporting period with an adjustment for fair value recorded to the current period expense. The contingent consideration related to fiscal year 2014 has been resolved and remeasured in September 2015, with its fair value of RMB4,543 reclassified to additional paid in capital. The Company subsequently issued 225,262 Shares in September 2015 for the contingent consideration related to GD Tianying’s 2014 performance. |
Accounts and Notes Receivable45
Accounts and Notes Receivable, Net (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Receivables [Abstract] | |
Accounts and Notes Receivable and Allowance for Doubtful Debt | Accounts and notes receivable and the allowance for doubtful debt consist of the following: December 31, 2015 2016 RMB RMB US$ Accounts receivable 733,558 735,154 105,884 Notes receivable 620 1,215 175 Allowance for doubtful debt (40,070 ) (80,910 ) (11,653 ) 694,108 655,459 94,406 |
Analysis of Allowance for Doubtful Debt | An analysis of the allowance for doubtful debt is as follows: December 31, 2015 2016 RMB RMB US$ Balance at beginning of the year 10,416 40,070 5,771 Provision 30,751 79,637 11,470 Write-off (1,097 ) (38,797 ) (5,588 ) Balance at the end of the year 40,070 80,910 11,653 |
Short-Term Investments (Tables)
Short-Term Investments (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Investments Schedule [Abstract] | |
Short-Term Investments | Short-term investments consisted of the following as of December 31, 2015 and 2016: December 31, 2015 2016 RMB RMB US$ Held-to-maturity - Fixed rate time deposits — 277,946 40,033 - Floating rate principal unguaranteed investments 102,300 — — 102,300 277,946 40,033 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Inventory Disclosure [Abstract] | |
Inventories | Inventories consisted of the following as of December 31, 2015 and 2016: December 31, 2015 2016 RMB RMB US$ Broadband related products 13,539 4,431 638 |
Prepaid Expenses and Other Cu48
Prepaid Expenses and Other Current Assets (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets consist of the following: December 31, 2015 2016 RMB RMB US$ Prepaid expenses for bandwidth, rented data centers or cabinets 126,842 163,443 23,541 Staff field advances 20,819 22,429 3,230 Interest receivables 4,936 13,576 1,955 Receivables for the disposal of certain construction-in-progress 20,290 20,290 2,922 Tax recoverables 159,413 309,426 44,567 Deposits 18,191 19,596 2,822 Loan to third parties 119,244 62,433 8,992 Other receivables 172,818 165,938 23,901 642,553 777,131 111,930 |
Property and Equipment, Net (Ta
Property and Equipment, Net (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment Including Those Held under Capital Leases | Property and equipment, including those held under capital leases, consist of the following: December 31, 2015 2016 RMB RMB US$ At cost: Property 439,480 490,430 70,637 Leasehold improvements 398,473 666,051 95,931 Computer and network equipment 2,556,403 2,926,278 421,472 Optical fibers 207,423 207,423 29,875 Office equipment 19,554 19,591 2,822 Motor vehicles 8,289 8,144 1,173 3,629,622 4,317,917 621,910 Less: accumulated depreciation (1,088,684 ) (1,342,041 ) (193,294 ) Impairment — (238,144 ) (34,300 ) 2,540,938 2,737,732 394,316 Construction-in-progress 1,112,133 1,043,881 150,350 3,653,071 3,781,613 544,666 |
Depreciation Expense | Depreciation expense was RMB278,986, RMB402,035 and RMB480,105 (US$69,150) for the years ended December 31, 2014, 2015 and 2016, respectively, and were included in the following captions: For the years ended December 31, 2014 2015 2016 RMB RMB RMB US$ Cost of revenues 225,680 328,217 397,014 57,182 Sales and marketing expenses 3,397 5,670 3,759 541 General and administrative expenses 19,433 29,753 45,746 6,590 Research and development expenses 30,476 38,395 33,586 4,837 278,986 402,035 480,105 69,150 |
Carrying Amounts of Property and Equipment Held under Capital Leases | The carrying amounts of the Company’s property and equipment held under capital leases at respective balance sheet dates were as follows: December 31, 2015 2016 RMB RMB US$ Property 365,353 365,353 52,622 Computer and network equipment 289,346 431,948 62,213 Optical fibers 207,423 207,423 29,875 862,122 1,004,724 144,710 Less: accumulated depreciation (138,608 ) (238,765 ) (34,389 ) 723,514 765,959 110,321 Construction-in-progress 142,671 35,906 5,172 866,185 801,865 115,493 |
Carrying Amounts of Property, Computer, Network Equipment and Construction-in-Progress Pledged to Secure Banking Borrowings | The carrying amounts of property, computer and network equipment and construction-in-progress December 31, 2015 2016 RMB RMB US$ Property 22,118 7,938 1,143 Computer and network equipment 37,167 31,506 4,538 Construction-in-progress — 318,259 45,839 |
Intangible Assets, Net (Tables)
Intangible Assets, Net (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Summary of Intangible Assets | The following table presents the Company’s intangible assets as of the respective balance sheet dates: Purchased Radio Network Contract Customer Licenses* Supplier Trade Platform Non-compete Internal Property Total RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB Intangible assets, net January 1, 2015 67,032 95,880 17,834 31,514 677,431 17,785 141,004 229,097 11,582 24,198 9,854 81,242 1,404,453 Additions 22,706 — — — — — — — — — 23,780 — 46,486 Disposals — — — — — — — — — — (243 ) — (243 ) Foreign currency translation difference 380 7,237 — — — — — — — — — — 7,617 Amortization expense (15,647 ) (9,730 ) (1,000 ) (6,588 ) (81,783 ) (1,266 ) (25,277 ) (17,908 ) (3,829 ) (5,694 ) (5,772 ) (9,653 ) (184,147 ) Intangible assets, net December 31, 2015 74,471 93,387 16,834 24,926 595,648 16,519 115,727 211,189 7,753 18,504 27,619 71,589 1,274,166 Additions 26,763 — — — — — — — — — 12,781 — 39,544 Disposals (6,531 ) — — — — — — — — — — — (6,531 ) Foreign currency translation difference 1,814 7,115 — — — — — — — — — — 8,929 Amortization expense (23,072 ) (8,934 ) (1,000 ) (6,588 ) (80,349 ) (1,266 ) (25,277 ) (17,908 ) (3,829 ) (5,694 ) (394 ) (9,653 ) (183,964 ) Impairment — — — — (102,524 ) (2,696 ) (2,007 ) (24,896 ) — (3,907 ) — (18,773 ) (154,803 ) Intangible assets, net December 31, 2016 73,445 91,568 15,834 18,338 412,775 12,557 88,443 168,385 3,924 8,903 40,006 43,163 977,341 Intangible assets, net December 31, 2016 (US$) 10,578 13,189 2,281 2,641 59,452 1,809 12,738 24,252 565 1,282 5,762 6,217 140,766 * Acquired in the acquisitions of subsidiaries |
Annual Estimated Amortization Expenses of Intangible Assets | The annual estimated amortization expenses for the intangible assets for each of the next five years are as follows: RMB US$ 2017 198,732 28,623 2018 182,642 26,306 2019 164,766 23,731 2020 134,359 19,352 2021 124,878 17,986 805,377 115,998 |
Land Use Rights, Net (Tables)
Land Use Rights, Net (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Text Block [Abstract] | |
Land Use Rights | Land use rights held by the Group are amortized over the remaining term of the respective land use rights certificates. December 31, 2015 2016 RMB RMB US$ Cost 66,878 172,658 24,868 Accumulated amortization (2,196 ) (5,012 ) (722 ) Land use rights, net 64,682 167,646 24,146 |
Carrying Value of Land Use Rights Pledged by Group to Secure Banking Borrowings | The carrying amounts of land use rights pledged by the Group to secure banking borrowings (Note14) granted to the Group at the respective balance sheet dates were as follows: December 31, 2015 2016 RMB RMB US$ Land use rights — 17,232 2,482 |
Goodwill (Tables)
Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill | The changes in the carrying amount of goodwill were as follows: December 31, 2014 2015 2016 RMB RMB RMB US$ Balance as of January 1 410,500 1,755,970 1,755,970 252,912 Goodwill acquired 1,345,470 — — — Balance as of December 31 1,755,970 1,755,970 1,755,970 252,912 |
Summary of Goodwill Acquired by Allocation to Reporting Units | Following table summarizes the allocated goodwill by each reporting unit: RMB US$ Hosting and related services 989,530 142,522 Managed network services 766,440 110,390 1,755,970 252,912 |
Long-Term Investments (Tables)
Long-Term Investments (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Investments Schedule [Abstract] | |
Long Term Investments | The Company’s long-term investments comprise of the following: December 31, 2015 2016 RMB RMB US$ Cost method investments 48,696 56,087 8,078 Equity method investments 150,211 234,863 33,827 Available-for-sale 2,597 7,921 1,141 201,504 298,871 43,046 |
Investment in Equity Investees | Investment in equity investees As of December 31, 2014 Decrease during the year As of December 31, 2015 Cost of Share Investment Cost of Share Cost of Share Investment RMB RMB RMB RMB RMB RMB RMB RMB Yizhuang Fund 101,000 (3,144 ) 97,856 — 52,355 101,000 49,211 150,211 As of December 31, 2015 Increase during the year As of December 31, 2016 Cost of Share Investment Cost of Share Cost of Share Investment Investment RMB RMB RMB RMB RMB RMB RMB RMB US$ Yizhuang Fund 101,000 49,211 150,211 — 35,937 101,000 85,148 186,148 26,811 Unis Tech — — — 49,000 (285 ) 49,000 (285 ) 48,715 7,016 101,000 49,211 150,211 49,000 35,652 150,000 84,863 234,863 33,827 |
Debt Disclosure (Tables)
Debt Disclosure (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Debt Disclosure [Abstract] | |
Summary of Bank Borrowings | Bank borrowings are as follows as of the respective balance sheet dates: December 31, 2015 2016 RMB RMB US$ Short-term bank borrowings 276,000 1,683,676 242,500 Long-term bank borrowings, current portion 38,803 39,303 5,661 314,803 1,722,979 248,161 Long-term bank borrowings, non-current 103,421 268,221 38,632 Total bank borrowings 418,224 1,991,200 286,793 |
Secured or Guaranteed Short Term Bank Borrowings | Bank borrowings as of December 31, 2015 and 2016 were secured/guaranteed by the following: December 31, 2015 Short-term bank borrowings Secured/guaranteed by (RMB) 50,000 Guaranteed by restricted cash of RMB51,553. 11,000 Secured by a subsidiary’s building with net book value of RMB13,943 (Note 9). 215,000 Unsecured borrowings. 276,000 Long-term bank and other (including current portion) Secured/guaranteed by (RMB) 16,956 Guaranteed by noncontrolling shareholder of Aipu Group 4,800 Secured by a subsidiary’s building with net book value of RMB8,175 (Note 9). 16,778 Secured by a subsidiary’s computer and network equipment with net book value of RMB37,167 (Note 9). 103,690 Unsecured borrowings. 142,224 December 31, 2016 Short-term bank borrowings Secured/guaranteed by (RMB) 1,520,000 Guaranteed by restricted cash of RMB1,751,055. 20,000 Guaranteed by noncontrolling shareholder of Aipu Group. 143,676 Unsecured borrowings. 1,683,676 Long-term bank borrowings (including current portion) Secured/guaranteed by (RMB) 1,600 Secured by a subsidiary’s building with net book value of RMB7,938 (Note 9). 13,817 Secured by a subsidiary’s computer and network equipment with net book value of RMB31,506 (Note 9). 164,000 Secured by a subsidiary’s construction-in-progress 128,107 Unsecured borrowings. 307,524 |
Repayments of Principal Amounts of Long-Term Borrowings, Including Bonds Payable, Bank and Other Borrowings | The following table summarizes the aggregate required repayments of the principal amounts of the Company’s long-term borrowings, including the bonds payable and bank borrowings (Note 14) in the succeeding five years and thereafter: RMB US$ For the years ending December 31, 2017 2,143,579 308,741 2018 69,841 10,059 2019 73,380 10,569 2020 45,500 6,553 2021 39,000 5,617 Thereafter 40,500 5,833 |
Accrued Expenses And Other Pa55
Accrued Expenses And Other Payables (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Payables and Accruals [Abstract] | |
Components of Accrued Expenses and Other Payables | The components of accrued expenses and other payables are as follows: December 31, 2015 2016 RMB RMB US$ Payroll and welfare payables 193,356 248,895 35,848 Business and other taxes payable 25,780 21,011 3,026 Payables for office supplies and utilities 25,497 31,006 4,466 Payables for the purchase of property and equipment 218,165 266,597 38,398 Payable for purchase intangible assets 3,662 2,352 339 Accrued service fees 68,029 74,812 10,775 Interest payables 19,102 6,456 930 Share-settled bonuses 41,352 72,138 10,390 Payable for assets acquisition 21,080 25,268 3,639 Others 21,934 39,381 5,673 637,957 787,916 113,484 |
Capital Leases (Tables)
Capital Leases (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Leases [Abstract] | |
Future Minimum Lease Payments Under Non Cancellable Capital Lease Arrangements | Future minimum lease payments under non-cancellable RMB US$ 2017 301,823 43,472 2018 188,679 27,175 2019 94,045 13,545 2020 50,525 7,277 2021 and thereafter 681,773 98,196 Total minimum lease payments 1,316,845 189,665 Less: amount representing interest (536,499 ) (77,272 ) Present value of remaining minimum lease payments 780,346 112,393 |
Deferred Government Grants (Tab
Deferred Government Grants (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Deferred Revenue Disclosure [Abstract] | |
Movements of Deferred Government Grants | Movements of deferred government grants are as follows: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Balance at beginning of the year 18,046 33,572 37,620 5,418 Additions 20,920 10,160 — — Recognized as a reduction of depreciation expense (5,394 ) (6,112 ) (6,627 ) (954 ) Balance at end of the year 33,572 37,620 30,993 4,464 |
Accumulated Other Comprehensi58
Accumulated Other Comprehensive (Loss) Income (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Equity [Abstract] | |
Changes in Accumulated Other Comprehensive (Loss) Income by Component, Net of Tax of Nil | The changes in accumulated other comprehensive (loss) income by component, net of tax of nil, are as follows: Foreign currency Total RMB RMB Balance as of January 1, 2014 (82,589 ) (82,589 ) Current year other comprehensive income 16,835 16,835 Balance as of December 31, 2014 (65,754 ) (65,754 ) Current year other comprehensive income 41,518 41,518 Balance as of December 31, 2015 (24,236 ) (24,236 ) Current year other comprehensive income 142,526 142,526 Balance as of December 31, 2016 118,290 118,290 Balance as of December 31, 2016, in US$ 17,037 17,037 |
Share Based Compensation (Table
Share Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Summary of Employee Share Option Activity Under Twenty Ten Plan | The following table summarizes the Company’s employee share option activity under the 2010 Plan: Number of options Weighted average exercise price Weighted average remaining contractual term Aggregate intrinsic value (US$) (Years) (US$) Outstanding, January 1, 2016 4,180,198 0.39 6.1 Granted 2,835 0.85 Exercised (2,195,268 ) 0.30 Forfeited — — Outstanding, December 31, 2016 1,987,765 0.49 4.6 1,399 Vested and expected to vest at December 31, 2016 1,987,765 0.49 4.6 1,374 Exercisable as of December 31, 2016 1,984,930 0.47 4.5 1,387 |
Restricted Stock Units Activity | The following table summarizes the Company’s RSUs activity under the 2010 Plan and 2014 Plan: Number of Weighted-average Weighted-average Aggregate (US$) (Years) (US$) Unvested, January 1, 2016 1,773,060 19.14 8.6 Granted 646,940 8.85 Vested (1,159,664 ) 12.80 Forfeited/Cancelled (1) (447,638 ) 1.56 Unvested, December 31, 2016 812,698 13.25 8.5 16,820 |
Total Compensation Expense Recognized Relating to Options Granted to Employees | Total compensation expense relating to share options and RSUs granted to employees recognized for the years ended December 31, 2014, 2015 and 2016 is as follows: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Cost of revenues 7,163 12,422 (4,110 ) (592 ) Sales and marketing expenses 13,482 13,488 2,490 359 General and administrative expenses 208,914 153,814 123,273 17,755 Research and development expenses 4,176 10,303 (2,924 ) (421 ) 233,735 190,027 118,729 17,101 |
Taxation (Tables)
Taxation (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Profit or Loss Before Income Taxes | Loss before income taxes consists of: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Non-PRC (485,539 ) (256,279 ) (155,364 ) (22,377 ) PRC 173,735 (97,166 ) (787,718 ) (113,454 ) (311,804 ) (353,445 ) (943,082 ) (135,831 ) |
Income Tax (Expense) Benefits | Income tax (expense) benefits comprises of: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Current (45,401 ) (68,092 ) (54,772 ) (7,889 ) Deferred 28,728 20,262 65,932 9,496 (16,673 ) (47,830 ) 11,160 1,607 |
Reconciliation Tax Computed Applying Statutory Income Tax Rate | The reconciliation of tax computed by applying the statutory income tax rate of 25% for the years ended December 31, 2014, 2015 and 2016 applicable to the PRC operations to income tax (expense) benefits is as follows: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Loss before income taxes (311,804 ) (353,445 ) (943,082 ) (135,831 ) Income tax benefit computed at applicable tax rates (25%) 77,951 88,361 235,770 33,958 Non-deductible (6,095 ) (19,216 ) (16,610 ) (2,392 ) Research and development expenses 6,879 6,871 7,766 1,119 Effect of tax holidays 6,305 2,743 1,691 244 Preferential rate 20,049 6,183 (11,060 ) (1,593 ) Current and deferred tax rate differences (8,553 ) (2,876 ) (1,521 ) (219 ) International rate differences (108,066 ) (90,773 ) (51,392 ) (7,402 ) Tax exempted income 2,118 — 9,878 1,423 Unrecognized tax benefits 3,872 (529 ) (14,525 ) (2,092 ) Deferred tax expense (3,109 ) (387 ) 1,516 218 Change in valuation allowance (7,704 ) (36,529 ) (158,724 ) (22,861 ) Prior year provision to return true up (320 ) (1,678 ) 8,371 1,204 Income tax (expense) benefits (16,673 ) (47,830 ) 11,160 1,607 |
Tax Holiday Benefit Per Basic and Diluted Earnings Per Share | The benefit of the tax holiday per basic and diluted earnings per share is as follows: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Basic 0.016 0.006 0.003 0.000 Diluted 0.016 0.006 0.003 0.000 |
Significant Components of Deferred Taxes | The significant components of deferred taxes are as follows: December 31, 2015 2016 RMB RMB US$ Deferred tax assets Current Allowance for doubtful debt 7,533 25,224 3,633 Accrued salary and welfare 22,843 30,236 4,355 Accrued expenses 4,474 3,955 570 Property and equipment 1,487 1,612 232 Deferred government grant-current 321 201 29 Valuation allowance (5,545 ) (17,866 ) (2,574 ) Net current deferred tax assets 31,113 43,362 6,245 Non-current Tax losses 46,283 202,485 29,164 Property and equipment 18,783 13,486 1,942 Intangible assets 1,772 1,254 181 Capital lease 15,061 23,364 3,365 Deferred government grant-non-current 5,259 4,700 677 Depreciation and amortization generated from acquisitions 7,163 5,849 842 Valuation allowance (47,421 ) (193,824 ) (27,916 ) Net non-current 46,900 57,314 8,255 Total deferred tax assets 78,013 100,676 14,500 Non-current Intangible assets 204,236 148,003 21,317 Property and equipment 69,038 92,687 13,350 Capitalized interest expense 6,700 11,789 1,698 Gain generated from equity method investments 13,238 22,221 3,200 Total non-current 293,212 274,700 39,565 |
Unrecognized Tax Benefits | A roll-forward of unrecognized tax benefits is as follows: For the year ended December 31, 2015 2016 RMB RMB US$ Balance at beginning of year 16,682 11,802 1,700 Reversal based on tax positions related to prior years (11,144 ) (258 ) (37 ) Additions based on tax positions related to the current year 6,264 11,676 1,682 Balance at end of year 11,802 23,220 3,345 |
Parent Company Only Condensed61
Parent Company Only Condensed Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Related Party Transactions | b) Other than disclosed elsewhere, the Company had the following significant related party transactions for the years ended December 31, 2014, 2015 and 2016: For the years ended December 31, 2014 2015 2016 RMB RMB RMB US$ Services provided to: - Xiaomi Communication — 27,144 113,458 16,341 - BJ Kingsoft — 7,969 19,471 2,804 - BJ Xiaomi — 275 11,689 1,684 - BJ Cheetah — 6,712 9,478 1,365 - CD Xishanju — 3,379 2,320 334 - TW Xiaomi — 91 93 13 - Upwise 143 204 — — - DCS 18 73 — — - DIC — 508 — — Services provided by: - DCSS — — 10,883 1,567 - DIC 4,106 10,764 7,053 1,016 - WNT Technology — — 2,125 306 - BJ Kingsoft — — 1,045 151 - DCS 587 9,259 — — - Upwise 97 253 — — Purchases of equipment and property from: - DIC — — 3,079 443 - SZ Youpusi 80,059 3,577 1,410 203 - DCS 330 — — — - CD Xingpu — 37,101 — — Loans provided to: - Seller of Aipu Group 98,500 — — — - BitCool Media 22,792 — — — Loan from: - CD Guotao — — 3,483 502 Repayment of loans: - BitCool Media 35,380 — — — Receipt of interest income from loan to: - BitCool Media 1,553 — — — Interest income from loan to: - BitCool Media 956 1,211 — — Management service provided by: - DCS 8,949 16,602 — — |
Future Minimum Lease Payments Under Non Cancelable Operating Leases | As of December 31, 2016, the Company has future minimum lease payments under non-cancelable RMB US$ 2017 124,557 17,940 2018 77,354 11,141 2019 49,505 7,130 2020 35,985 5,183 2021 and thereafter 157,641 22,705 445,042 64,099 |
Parent Company | |
Related Party Transactions | The Company had the following related party balances as of December 31, 2015 and 2016: December 31, 2015 2016 RMB RMB US$ Amount due from subsidiaries - 21Vianet HK 2,997,103 3,037,249 437,455 - Xi’an Holding 6,563 7,011 1,010 - Ventures 19,546 27,124 3,907 - Asia Cloud Technology 4,157 — — - WiFire Group 649 4,301 619 - Fastweb Technology 54,364 60,574 8,724 - 21V Mobile 71,031 72,361 10,422 3,153,413 3,208,620 462,137 Amount due from related parties Current: - Seller of iJoy 25,974 27,748 3,997 - Seller of Aipu Group — 70,000 10,082 25,974 97,748 14,079 Non-current: - Seller of Aipu Group 70,000 — — Amount due to subsidiaries - 21Vianet Technology 7 7 1 - 21Vianet Beijing 3,719 9,713 1,400 - 21Vianet China 2 2 — - DYX — 10 1 3,728 9,732 1,402 December 31, 2015 2016 RMB RMB US$ Amount due to related parties Current: - Sellers of WiFire BJ &Yilong 2,970 — — - Seller of Aipu Group 76,666 30,000 4,321 - Seller of Dermot Entities 205,800 — — - Seller of iJoy 61,436 38,131 5,492 346,872 68,131 9,813 Non-current: - Sellers of Tianying 16,350 — — - Seller of Aipu Group 11,034 — — 27,384 — — |
Future Minimum Lease Payments Under Non Cancelable Operating Leases | As of December 31, 2016, the Company has future minimum lease payments under non-cancelable RMB US$ 2017 18,532 2,669 2018 18,996 2,736 2019 19,471 2,804 2020 19,957 2,874 2021 and thereafter 90,486 13,033 167,442 24,116 |
Condensed Balance Sheets | Condensed balance sheets Note As of December 31, 2015 2016 RMB RMB US$ ASSETS Current assets Cash 798,200 596,871 85,967 Restricted cash — 1,759,726 253,453 Short-term investments — 277,946 40,033 Prepaid expenses and other current assets 66,287 103,271 14,874 Amount due from a related party (b ) 25,974 97,748 14,079 Amount due from subsidiaries (b ) 3,153,413 3,208,620 462,137 Total current assets 4,043,874 6,044,182 870,543 Non-current Investments in subsidiaries 2,565,783 2,133,242 307,251 Amount due from a related party (b ) 70,000 — — Other non-current 6,123 — — Total non-current 2,641,906 2,133,242 307,251 Total assets 6,685,780 8,177,424 1,177,794 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accrued expenses and other payables 14,826 38,599 5,560 Short-term bank borrowings — 1,500,000 216,045 Account payables 5,929 10,672 1,537 Interest payable 7,829 5,759 829 Amount due to related parties (b ) 346,872 68,131 9,813 Amount due to subsidiaries (b ) 3,728 9,732 1,402 Bonds payable (d ) 264,250 419,316 60,394 Total current liabilities 643,434 2,052,209 295,580 Non-current Amount due to related parties (b ) 27,384 — — Bonds payable (d ) 2,000,000 — — Total non-current 2,027,384 — — Total liabilities 2,670,818 2,052,209 295,580 Shareholders’ equity: Class A Ordinary shares (par value of US$0.00001 per share; 1,200,000,000 and 1,200,000,000 shares authorized; 458,916,346 and 505,207,968 shares issued and outstanding as of December 31, 2015 and 2016, respectively) 30 33 4 Class B Ordinary shares (par value of US$0.00001 per share; 300,000,000 and 300,000,000 shares authorized; 63,596,248 and 174,649,638 shares issued and outstanding as of December 31, 2015 and 2016, respectively) 4 12 2 Additional paid-in 6,403,117 9,015,846 1,298,551 Accumulated other comprehensive (loss) income (24,236 ) 118,290 17,037 Accumulated deficit (2,170,811 ) (2,804,409 ) (403,918 ) Treasury stock (193,142 ) (204,557 ) (29,462 ) Total shareholders’ equity 4,014,962 6,125,215 882,214 Total liabilities and shareholders’ equity 6,685,780 8,177,424 1,177,794 |
Condensed Statements of Operations | Condensed statements of operations For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Operating Expenses General and administrative expenses (125,859 ) (166,662 ) (124,450 ) (17,923 ) Changes in the fair value of contingent purchase consideration payables (22,629 ) (43,325 ) 93,307 13,439 Operating loss (148,488 ) (209,987 ) (31,143 ) (4,484 ) Other income (199,418 ) (152,100 ) (169,915 ) (24,473 ) Share of losses from subsidiaries and Consolidated VIEs (574 ) (66,012 ) (432,540 ) (62,299 ) Loss before income taxes (348,480 ) (428,099 ) (633,598 ) (91,256 ) Income tax expense — — — — Net loss (348,480 ) (428,099 ) (633,598 ) (91,256 ) |
Condensed Statements of Comprehensive Loss | Condensed statements of comprehensive loss For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Net loss (348,480 ) (428,099 ) (633,598 ) (91,256 ) Other comprehensive loss, net of tax of nil: Foreign currency translation adjustments, net of tax of nil 16,835 41,518 142,526 20,528 Other comprehensive loss, net of tax of nil: 16,835 41,518 142,526 20,528 Comprehensive loss (331,645 ) (386,581 ) (491,072 ) (70,728 ) Comprehensive loss attributable to the Company’s ordinary shareholders (331,645 ) (386,581 ) (491,072 ) (70,728 ) |
Condensed Statements of Cash Flows | Condensed statements of cash flows For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Net cash used in operating activities (23,952 ) (26,621 ) (78,567 ) (11,316 ) Net cash used in investing activities (1,186,053 ) (977,300 ) (617,613 ) (88,955 ) Net cash generated from financing activities 623,214 1,798,230 494,851 71,273 Net (decrease) increase in cash (586,791 ) 794,309 (201,329 ) (28,998 ) Cash at beginning of the year 590,682 3,891 798,200 114,965 Cash at end of the year 3,891 798,200 596,871 85,967 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Balances | c) The Company had the following related party balances as of December 31, 2015 and 2016: December 31, 2015 2016 RMB RMB US$ Amounts due from related parties: Current: - Seller of Aipu Group 28,500 98,500 14,187 - Seller of iJoy 25,974 27,748 3,997 - Xiaomi Communication 9,367 22,473 3,237 - CD Xingpu — 12,466 1,795 - SH Shibei 9,800 9,800 1,411 - BJ Cheetah 2,590 4,776 688 - BJ Kingsoft 3,561 3,864 557 - BJ Xiaomi — 1,631 235 - SZ Youpusi 863 817 118 - CD Xishanju 1,469 256 37 - TW Xiaomi 20 — — - Bitcool Media 22,605 — — - Upwise 327 — — - DCS 61 — — - Others — 284 40 105,137 182,615 26,302 Non-current: - Seller of Aipu Group 70,000 — — Amounts due to related parties: Current: - Seller of the Managed Network Entities 47,755 47,755 6,878 - Seller of iJoy 61,436 38,131 5,492 - Seller of Aipu Group 76,666 30,000 4,321 - CD Guotao — 3,483 502 - BJ Kingsoft — 1,105 159 - SZ Youpusi — 667 96 - DCS 894 — — - Xiaomi Technology 210 361 52 - CD Xingpu 1,000 43 6 - DIC 789 11 2 - Seller of WiFire BJ and Yilong 2,970 — — - Sellers of Dermot Entities 205,800 — — - Upwise 41 — — - CD Kingsoft 5 — — - BJ Cheetah 22 — — - Others — 372 53 397,588 121,928 17,561 December 31, 2015 2016 RMB RMB US$ Non-current: - Seller of Tianying 16,350 — — - Seller of Aipu Group 11,034 — — 27,384 — — |
Segment Reporting (Tables)
Segment Reporting (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Segment Reporting [Abstract] | |
Summary of Operating Segment | The table below provides a summary of the Group’s operating segment results for the years ended December 31, 2014, 2015 and 2016. For the years ended December 31, 2014 2015 2016 2016 RMB RMB RMB US$ (In thousands) Hosting and related services Revenues 1,505,233 2,369,223 2,668,655 384,366 Operating profit (loss) 9,882 (64,658 ) 44,101 6,352 Managed network services Revenues 1,371,214 1,265,149 973,119 140,159 Operating loss (124,582 ) (219,575 ) (884,297 ) (127,365 ) Group consolidated revenue 2,876,447 3,634,372 3,641,774 524,525 Group consolidated operating loss (114,700 ) (284,233 ) (840,196 ) (121,013 ) |
Loss Per Share (Tables)
Loss Per Share (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Earnings Per Share [Abstract] | |
Basic and Diluted Loss Per Share | Basic and diluted loss per share for each of the years presented are calculated as follows: For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Numerator: Net loss (328,477 ) (401,275 ) (931,922 ) (134,224 ) Net (profit) loss attributable to noncontrolling interest and redeemable noncontrolling interest (20,003 ) (26,824 ) 298,324 42,968 Net loss attributable to ordinary shareholders (348,480 ) (428,099 ) (633,598 ) (91,256 ) Plus: (Increase) decrease in accretion of redeemable noncontrolling interests (7,850 ) 7,850 (210,485 ) (30,316 ) Adjusted net loss attributable to ordinary shareholders (356,330 ) (420,249 ) (844,083 ) (121,572 ) Denominator: Weighted-average number of shares outstanding—basic 401,335,788 492,065,239 617,169,833 617,169,833 Weighted-average number of shares outstanding—diluted 401,335,788 492,065,239 617,169,833 617,169,833 Loss per share—Basic: Net loss (0.89 ) (0.85 ) (1.37 ) (0.20 ) (0.89 ) (0.85 ) (1.37 ) (0.20 ) Loss per share—Diluted: Net loss (0.89 ) (0.85 ) (1.37 ) (0.20 ) (0.89 ) (0.85 ) (1.37 ) (0.20 ) |
Redeemable Noncontrolling Int65
Redeemable Noncontrolling Interests (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Noncontrolling Interest [Abstract] | |
Redeemable Non Controlling Interests | For the year ended December 31, 2014 2015 2016 RMB RMB RMB US$ Balance as of January 1 — 773,706 790,229 113,817 Acquisition of Aipu Group (Note 4) 748,040 — — — Current profit (loss) 17,816 24,373 (300,714 ) (43,312 ) Increase (decrease) in accretion of redeemable noncontrolling interests 7,850 (7,850 ) 210,485 30,316 Balance as of December 31 773,706 790,229 700,000 100,821 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Assets and Liabilities Measured at Fair Value on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair value measurement using: Quoted prices in Significant other Unobservable Fair value at RMB RMB RMB RMB Cash equivalents: - Fixed rate time deposits 771,723 — — 771,723 Held-to-maturity - Floating rate principal unguaranteed investments — 102,300 — 102,300 Long-term investments: - Available-for-sale — — 2,597 2,597 Assets 771,723 102,300 2,597 876,620 Long-term borrowings: - Bonds payable 2,193,744 — — 2,193,744 Other liabilities: - Share-settled bonuses — — 41,352 41,352 - Mandatorily redeemable noncontrolling interests in Asia Cloud Investment — — 100,000 100,000 Amounts due to related parties: - Contingent consideration payables in relation to the acquisition of subsidiaries — — 372,256 372,256 Liabilities 2,193,744 — 513,608 2,707,352 Fair value measurement using: Quoted prices in Significant other Unobservable Fair value at RMB RMB RMB RMB US$ Cash equivalents: - Fixed rate time deposits 588,589 — — 588,589 84,774 Held-to-maturity - Fixed rate time deposits 277,946 — — 277,946 40,033 Long-term investments - Available-for-sale investments — — 7,921 7,921 1,141 Assets 866,535 — 7,921 874,456 125,948 Long-term borrowings: - Bonds payable 418,497 — — 418,497 60,276 Other liabilities: - Share-settled bonuses — — 37,526 37,526 5,405 - Liability classified RSU 34,612 34,612 4,985 Amounts due to related parties: - Contingent consideration payable in relation to the acquisition of subsidiaries — — 65,797 65,797 9,477 Liabilities 418,497 — 137,935 556,432 80,143 |
Reconciliation of Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs Level Three | The following table presents a reconciliation of all liabilities measured at fair value on a recurring basis using significant unobservable inputs (level 3): Contingent consideration RMB Fair value at January 1, 2015 548,017 Changes in the fair value 43,325 Payment of cash consideration (4,543 ) Reclassification to equity upon resolution of contingencies (214,543 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2015 372,256 Changes in the fair value (93,307 ) Payment of cash consideration (2,617 ) Reclassification to equity upon resolution of contingencies (210,535 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2016 65,797 Fair value at December 31, 2016 (US$) 9,477 Share-settled bonuses RMB Fair value at January 1, 2015 14,913 Increase in bonuses settled in shares during 2015 41,146 Changes in the fair value 5,683 Reclassification to equity (19,072 ) Reclassification to “Accrued expenses and other payables-Others” (1,318 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2015 41,352 Increase in bonuses settled in shares during 2016 37,678 Changes in the fair value (5,319 ) Reclassification to equity (15,890 ) Reclassification to “Accrued expenses and other payables-Others” — Bonuses settled in cash during 2016 (20,295 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2016 37,526 Fair value at December 31, 2016 (US$) 5,405 Liability classified RSU RMB Fair value at January 1, 2016 — Increase in liability classified RSU 36,834 Reclassification to equity (2,222 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2016 34,612 Fair value at December 31, 2016 (US$) 4,985 Mandatorily redeemable RMB Fair value at January 1, 2016 100,000 Changes in the fair value — Transfers in and/or out of Level 3 (Note 1(c)) (100,000 ) Fair value at December 31, 2016 — Fair value at December 31, 2016 (US$) — |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Computer and Network Equipment and Construction in Progress | |
Purchase Commitments | As of December 31, 2016, the Company has the following commitments to purchase certain computer and network equipment and construction in progress: RMB US$ 2017 140,834 20,284 2018 33,531 4,829 2019 13,916 2,004 188,281 27,117 |
Bandwidth and Cabinet Capacity | |
Purchase Commitments | As of December 31, 2016, the Company had outstanding purchase commitments in relation to bandwidth and cabinet capacity consisting of the following: RMB US$ 2017 1,141,347 164,388 2018 48,959 7,052 2019 37,352 5,380 2020 35,317 5,087 2021 and thereafter 96,891 13,955 1,359,866 195,862 |
Summary of Company Subsidiaries
Summary of Company Subsidiaries and Its Consolidated Variable Interest Entities (Detail) | 12 Months Ended | |
Dec. 31, 2016 | ||
21ViaNet Group Limited ("21Vianet HK") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | May 25, 2007 | |
Place of incorporation | Hong Kong | |
Percentage of direct ownership by the Company | 100.00% | |
Principal activities | Investment holding | |
21Vianet Data Center Co., Ltd. ("21Vianet China") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Jun. 12, 2000 | [1] |
Place of incorporation | PRC | [1] |
Percentage of direct ownership by the Company | 100.00% | [1] |
Principal activities | Provision of technical and consultation services and rental of long-lived assets | [1] |
Fastweb International Holdings ("Fastweb Holdings") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Sep. 9, 2012 | [2] |
Place of incorporation | Cayman Islands | [2] |
Percentage of direct ownership by the Company | 100.00% | [2] |
Principal activities | Investment holding | [2] |
Hong Kong Fastweb Holdings Co., Limited ("Fastweb HK") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Sep. 9, 2012 | [2] |
Place of incorporation | Hong Kong | [2] |
Percentage of direct ownership by the Company | 100.00% | [2] |
Principal activities | Investment holding | [2] |
Beijing Fastweb Technology Co., Ltd. ("Fastweb Technology") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Sep. 9, 2012 | [1],[2] |
Place of incorporation | PRC | [1],[2] |
Percentage of direct ownership by the Company | 100.00% | [1],[2] |
Principal activities | Dormant company | [1],[2] |
21Vianet (Foshan) Technology Co., Ltd. ("FS Technology") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Dec. 20, 2011 | [1] |
Place of incorporation | PRC | [1] |
Percentage of direct ownership by the Company | 100.00% | [1] |
Principal activities | Trading of network equipment, provision of technical and internet data center services | [1] |
21Vianet Anhui Suzhou Technology Co., Ltd.("SZ Technology") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Nov. 16, 2011 | [1] |
Place of incorporation | PRC | [1] |
Percentage of direct ownership by the Company | 100.00% | [1] |
Principal activities | Trading of network equipment | [1] |
21ViaNet@Xian Holding Limited ("21V Xi'an Holding") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Jul. 5, 2012 | [3] |
Place of incorporation | British Virgin Islands | [3] |
Percentage of direct ownership by the Company | 100.00% | [3] |
Principal activities | Investment holding | [3] |
21Vianet (Xi'an) Technology Co., Ltd. ("Xi'an Tech") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Jul. 5, 2012 | [1],[3] |
Place of incorporation | PRC | [1],[3] |
Percentage of direct ownership by the Company | 100.00% | [1],[3] |
Principal activities | Provision of technical and internet data center | [1],[3] |
21Vianet Hangzhou Information Technology Co.,Ltd. ("HZ Technology") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Mar. 4, 2013 | [1] |
Place of incorporation | PRC | [1] |
Percentage of direct ownership by the Company | 100.00% | [1] |
Principal activities | Provision of internet data center services | [1] |
21Vianet Mobile Limited ("21V Mobile") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Apr. 30, 2013 | [4] |
Place of incorporation | Hong Kong | [4] |
Percentage of direct ownership by the Company | 100.00% | [4] |
Principal activities | Investment holding | [4] |
Joytone Infotech Co., Ltd. ("SZ Zhuoaiyi") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Apr. 30, 2013 | [1],[4] |
Place of incorporation | PRC | [1],[4] |
Percentage of direct ownership by the Company | 100.00% | [1],[4] |
Principal activities | Provision of technical and consultation services | [1],[4] |
21Vianet Ventures Limited (Ventures) | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Mar. 6, 2014 | |
Place of incorporation | Hong Kong | |
Percentage of direct ownership by the Company | 100.00% | |
Principal activities | Investment holding | |
WiFire Group Inc. ("WiFire Group") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Mar. 7, 2014 | |
Place of incorporation | British Virgin Islands | |
Percentage of direct ownership by the Company | 100.00% | |
Principal activities | Investment holding | |
Abitcool (China) Broadband Inc. ("aBitCool DG") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Jun. 13, 2014 | [1] |
Place of incorporation | PRC | [1] |
Percentage of direct ownership by the Company | 100.00% | [1] |
Principal activities | Dormant company | [1] |
Diyixian.com Limited ("Diyixian.com") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Aug. 10, 2014 | [5] |
Place of incorporation | Hong Kong | [5] |
Percentage of direct ownership by the Company | 100.00% | [5] |
Principal activities | Provision of virtual private network services | [5] |
Dermot Holding Limited ("Dermot BVI") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Aug. 8, 2014 | [5] |
Place of incorporation | British Virgin Islands | [5] |
Percentage of direct ownership by the Company | 100.00% | [5] |
Principal activities | Investment holding | [5] |
21Vianet Zhuhai Financial Leasing Limited | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Apr. 9, 2015 | [1] |
Place of incorporation | PRC | [1] |
Percentage of direct ownership by the Company | 100.00% | [1] |
Principal activities | Provision of financial leasing business services | [1] |
Foshan Zhuoyi Intelligence Date Co., Ltd. ("FS Zhuoyi") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Jul. 7, 2016 | [1],[6] |
Place of incorporation | PRC | [1],[6] |
Percentage of direct ownership by the Company | 100.00% | [1],[6] |
Principal activities | Dormant company | [1],[6] |
Beijing Yiyun Network Technology Co., Ltd. (formerly known as [Beijing aBitCool Network Technology Co., Ltd.]) ("21Vianet Technology") | Variable Interest Entities | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Oct. 22, 2002 | [1],[7] |
Place of incorporation | PRC | [1],[7] |
Percentage of direct ownership by the Company | 0.00% | [1],[7] |
Principal activities | Provision of internet data center and managed network services | [1],[7] |
Beijing iJoy Information Technology Co., Ltd. ("BJ iJoy") | Variable Interest Entities | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Apr. 30, 2013 | [1],[4],[7] |
Place of incorporation | PRC | [1],[4],[7] |
Percentage of direct ownership by the Company | 0.00% | [1],[4],[7] |
Principal activities | Provision of internet data center, content delivery network services | [1],[4],[7] |
WiFire Network Technology (Beijing) Co., Ltd. (formerly known as aBitCool Small Micro Network Technology (BJ) Co., Ltd.) (WiFire Network) | Variable Interest Entities | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Apr. 1, 2014 | [1],[7] |
Place of incorporation | PRC | [1],[7] |
Percentage of direct ownership by the Company | 0.00% | [1],[7] |
Principal activities | Provision of telecommunication services | [1],[7] |
Shanghai iJoy Information Technology Co., Ltd. ("SH iJoy") | Variable Interest Entities | Held directly by BJ iJoy | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | May 30, 2013 | [1],[4],[7] |
Place of incorporation | PRC | [1],[4],[7] |
Percentage of direct ownership by the Company | 0.00% | [1],[4],[7] |
Principal activities | Provision of internet data center, content delivery network services | [1],[4],[7] |
Beijing 21ViaNet Broadband Data Center Co., Ltd ("21Vianet Beijing") | Variable Interest Entities | Held Directly by 21 Vianet Technology | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Mar. 15, 2006 | [1],[7] |
Place of incorporation | PRC | [1],[7] |
Percentage of direct ownership by the Company | 0.00% | [1],[7] |
Principal activities | Provision of internet data center and managed network services | [1],[7] |
21Vianet (Xi'an) Information Outsourcing Industry Park Services Co., Ltd. ("Xi'an Sub") | Variable Interest Entities | Held Directly by 21 Vianet Beijing | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Jun. 23, 2008 | [1],[7] |
Place of incorporation | PRC | [1],[7] |
Percentage of direct ownership by the Company | 0.00% | [1],[7] |
Principal activities | Provision of internet data center services | [1],[7] |
Beijing Chengyishidai Network Technology Co., Ltd. ("CYSD") | Variable Interest Entities | Held Directly by 21 Vianet Beijing | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Sep. 30, 2010 | [1],[7],[8] |
Place of incorporation | PRC | [1],[7],[8] |
Percentage of direct ownership by the Company | 0.00% | [1],[7],[8] |
Principal activities | Provision of managed network services | [1],[7],[8] |
Zhiboxintong (Beijing) Network Technology Co., Ltd. ("ZBXT") | Variable Interest Entities | Held Directly by 21 Vianet Beijing | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Sep. 30, 2010 | [1],[7],[8] |
Place of incorporation | PRC | [1],[7],[8] |
Percentage of direct ownership by the Company | 0.00% | [1],[7],[8] |
Principal activities | Provision of managed network services | [1],[7],[8] |
Guangzhou Gehua Network Technology and Development Co., Ltd. ("Gehua") | Variable Interest Entities | Held Directly by 21 Vianet Beijing | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Oct. 8, 2011 | [1],[7] |
Place of incorporation | PRC | [1],[7] |
Percentage of direct ownership by the Company | 0.00% | [1],[7] |
Principal activities | Provision of managed network services | [1],[7] |
Langfang Xunchi Computer Data Processing Co., Ltd. ("LF Xunchi") | Variable Interest Entities | Held Directly by 21 Vianet Beijing | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Dec. 19, 2011 | [1],[7] |
Place of incorporation | PRC | [1],[7] |
Percentage of direct ownership by the Company | 0.00% | [1],[7] |
Principal activities | Dormant company | [1],[7] |
Beijing Fastweb Network Technology Co., Ltd. ("BJ Fastweb") | Variable Interest Entities | Held Directly by 21 Vianet Beijing | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Sep. 9, 2012 | [1],[2],[7] |
Place of incorporation | PRC | [1],[2],[7] |
Percentage of direct ownership by the Company | 0.00% | [1],[2],[7] |
Principal activities | Provision of internet data center and internet content delivery network services | [1],[2],[7] |
Shanghai Blue Cloud Technology Co., Ltd. ("SH Blue Cloud") | Variable Interest Entities | Held Directly by 21 Vianet Beijing | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Mar. 21, 2013 | [1],[7] |
Place of incorporation | PRC | [1],[7] |
Percentage of direct ownership by the Company | 0.00% | [1],[7] |
Principal activities | Provision of Office 365 and Windows Azure platform services | [1],[7] |
WiFire (Beijing) Technology Co., Ltd. (formerly known as Beijing Tianwang Online Communication Technology Co., Ltd.) (BJ Tianwang) | Variable Interest Entities | Held Directly by 21 Vianet Beijing | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Feb. 28, 2013 | [1],[7],[9] |
Place of incorporation | PRC | [1],[7],[9] |
Percentage of direct ownership by the Company | 0.00% | [1],[7],[9] |
Principal activities | Provision of managed network services and virtual private network services | [1],[7],[9] |
Beijing Yilong Xinda Technology Co., Ltd. ("BJ Yilong") | Variable Interest Entities | Held Directly by 21 Vianet Beijing | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Feb. 28, 2013 | [1],[7],[9] |
Place of incorporation | PRC | [1],[7],[9] |
Percentage of direct ownership by the Company | 0.00% | [1],[7],[9] |
Principal activities | Provision of managed network services and virtual private network services | [1],[7],[9] |
Beijing Yichengtaihe Investment Co., Ltd | Variable Interest Entities | Held Directly by 21 Vianet Beijing | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Sep. 30, 2014 | [1],[7],[10] |
Place of incorporation | PRC | [1],[7],[10] |
Percentage of direct ownership by the Company | 0.00% | [1],[7],[10] |
Principal activities | Dormant Company | [1],[7],[10] |
Sichuan Aipu Network Co., Ltd. ("SC Aipu") | Variable Interest Entities | Held Directly By LF Xunchi | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | May 31, 2014 | [1],[7],[11] |
Place of incorporation | PRC | [1],[7],[11] |
Percentage of direct ownership by the Company | 0.00% | [1],[7],[11] |
Principal activities | Provision of community network services and business network services | [1],[7],[11] |
DYXnet Limited ("DYXnet") | Variable Interest Entities | Held directly by DYX | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Aug. 10, 2014 | [5] |
Place of incorporation | Hong Kong | [5] |
Percentage of direct ownership by the Company | 100.00% | [5] |
Principal activities | Dormant Company | [5] |
Shenzhen Diyixian Telecommunication Co., Ltd. ("SZ DYX") | Variable Interest Entities | Held by DYX and LF Xunch | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Aug. 10, 2014 | [1],[5] |
Place of incorporation | PRC | [1],[5] |
Percentage of direct ownership by the Company | 50.00% | [1],[5] |
Principal activities | Provision of virtual private network services | [1],[5] |
[1] | Collectively, the "PRC Subsidiaries". | |
[2] | On September 9, 2012, the Company and its subsidiary, 21Vianet Beijing, acquired 100% equity interest in Fastweb Holding and its subsidiaries (collectively referred to as "Fastweb"). | |
[3] | On July 5, 2012, the Company through its wholly-owned subsidiary, 21Vianet HK, acquired 100% equity interests in 21V Xi'an Holding and its subsidiaries (collectively referred to as "21V Xi'an"). | |
[4] | On April 30, 2013, the Company acquired 100% equity interest in 21V Mobile and its subsidiaries (collectively referred to as "iJoy"). | |
[5] | On August 10, 2014, the Company and its subsidiary, LF Xunchi, acquired 100% equity interest Dermot BVI and its subsidiaries (collectively referred to as "Dermot Entities") (Note 4). | |
[6] | On July 7, 2016, the Company through its subsidiary, 21Vianet HK acquired 100% equity interest in the entity, which was accounted for an assets acquisition (Note 4). | |
[7] | Collectively, the "Consolidated VIEs". | |
[8] | On September 30, 2010, the Company through its subsidiary, 21Vianet Beijing acquired CYSD, ZBXT and its subsidiaries (collectively, the "Managed Network Entities"). | |
[9] | On February 28, 2013, the Company through its wholly-owned subsidiary, 21Vianet Beijing, acquired 100% equity interests in WiFire BJ and BJ Yilong. (collectively referred to as "WiFire BJ and Yilong"). | |
[10] | On September 30, 2014, the Company through its subsidiary, 21Vianet Beijing acquired 100% equity interest in the entity, which was accounted for an assets acquisition (Note 4). | |
[11] | On May 31, 2014, the Company and its subsidiary, Langfang Xunchi Computer Data Processing Co., Ltd. ("LF Xunchi"), acquired 50% equity interest in SC Aipu and its subsidiaries (collectively referred to as "Aipu Group") (Note 4). |
Summary of Company Subsidiari69
Summary of Company Subsidiaries and Its Consolidated Variable Interest Entities (Parenthetical) (Detail) | Jul. 07, 2016 | Sep. 30, 2014 | Aug. 10, 2014 | May 31, 2014 | Apr. 30, 2013 | Feb. 28, 2013 | Sep. 09, 2012 | Jul. 05, 2012 |
Foshan Zhuoyi Intelligence Date Co., Ltd. ("FS Zhuoyi") | ||||||||
Business Acquisition [Line Items] | ||||||||
Business acquisition, equity interests acquired | 100.00% | |||||||
Aipu Group | ||||||||
Business Acquisition [Line Items] | ||||||||
Business acquisition, equity interests acquired | 50.00% | |||||||
Dermot Entities | ||||||||
Business Acquisition [Line Items] | ||||||||
Business acquisition, equity interests acquired | 100.00% | |||||||
iJoy | ||||||||
Business Acquisition [Line Items] | ||||||||
Business acquisition, equity interests acquired | 100.00% | |||||||
21ViaNet Group Limited ("21Vianet HK") | ||||||||
Business Acquisition [Line Items] | ||||||||
Business acquisition, equity interests acquired | 100.00% | |||||||
Held Directly by 21 Vianet Beijing | Fastweb Acquisition | ||||||||
Business Acquisition [Line Items] | ||||||||
Business acquisition, equity interests acquired | 100.00% | |||||||
Held Directly by 21 Vianet Beijing | Beijing Yichengtaihe Investment Co., Ltd | Variable Interest Entities | ||||||||
Business Acquisition [Line Items] | ||||||||
Business acquisition, equity interests acquired | 100.00% | |||||||
Held Directly by 21 Vianet Beijing | WiFire BJ and Yilong | ||||||||
Business Acquisition [Line Items] | ||||||||
Business acquisition, equity interests acquired | 100.00% |
Organization - Additional Infor
Organization - Additional Information (Detail) $ in Thousands | Dec. 19, 2016 | Jul. 31, 2013 | Jul. 30, 2013CNY (¥) | Jan. 31, 2011CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2016USD ($)Entity | Dec. 31, 2016CNY (¥)Entity | Dec. 31, 2015CNY (¥) |
Organization [Line Items] | ||||||||
Number of additional VIEs controlled through Primary Beneficiaries | Entity | 2 | 2 | ||||||
Assets pledged as collateral | $ 48,321 | ¥ 335,491,000 | ||||||
Unconsolidated VIE's carrying amount of assets | 0 | 0 | ||||||
Unconsolidated VIE's carrying amount of liabilities | 0 | 0 | ||||||
Maximum exposure to loss related to arrangements with variable interest entity | 56,713,000 | |||||||
Dongguan Asia Cloud Investment Co. Ltd. ("Asia Cloud Investment") | ||||||||
Organization [Line Items] | ||||||||
Investment repurchased period | 5 years | |||||||
Investment repurchase agreement, description of investments subject to agreement | The 10% equity interest in Asia Cloud Investment held by the SOE is contractually required to be repurchased by 21Vianet Technology by the end of five years from the establishment of Asia Cloud Investment at a consideration equivalent to the higher of the then fair value and the investment cost of RMB100,000. The SOE is also entitled to a cumulative dividend at 8% per annum for its capital contribution of RMB100,000 in Asia Cloud Investment. | |||||||
Annual cumulative dividend percentage | 8.00% | |||||||
Dongguan Asia Cloud Investment Co. Ltd. ("Asia Cloud Investment") | Minimum | ||||||||
Organization [Line Items] | ||||||||
Investment consideration at time of repurchase | ¥ 100,000,000 | |||||||
Dongguan Asia Cloud Investment Co. Ltd. ("Asia Cloud Investment") | Variable Interest Entities | ||||||||
Organization [Line Items] | ||||||||
Contributed capital | 1,000,000,000 | |||||||
Dongguan Asia Cloud Investment Co. Ltd. ("Asia Cloud Investment") | Variable Interest Entities | 21Vianet Hong Kong Entities | ||||||||
Organization [Line Items] | ||||||||
Contributed capital | ¥ 900,000,000 | |||||||
Business acquisition, equity interests acquired | 90.00% | |||||||
Dongguan Asia Cloud Investment Co. Ltd. ("Asia Cloud Investment") | Variable Interest Entities | State Owned Entity | ||||||||
Organization [Line Items] | ||||||||
Contributed capital | ¥ 100,000,000 | |||||||
Minority interest ownership percentage | 10.00% | |||||||
Long Term Bank Borrowings | ||||||||
Organization [Line Items] | ||||||||
Loans, aggregate principal amount | ¥ 900,000,000 | |||||||
Debt instrument, stated rate | 4.00% | |||||||
Long Term Bank Borrowings | Term Loan One | ||||||||
Organization [Line Items] | ||||||||
Debt instrument, maturity date | Aug. 28, 2015 | |||||||
Long Term Bank Borrowings | Term Loan Two | ||||||||
Organization [Line Items] | ||||||||
Debt instrument, maturity date | Sep. 10, 2015 | |||||||
Short-term investments | ||||||||
Organization [Line Items] | ||||||||
Held-to-maturity securities | $ 40,033 | ¥ 277,946,000 | ¥ 102,300,000 | |||||
Short-term investments | Floating Rate Principal Unguaranteed Investments | ||||||||
Organization [Line Items] | ||||||||
Held-to-maturity securities | ¥ 102,300,000 | |||||||
Option Agreement | ||||||||
Organization [Line Items] | ||||||||
Exclusive option price | ¥ 1,000 | |||||||
Agreement agreement between 21Vianet China and the 21Vianet Technology, term | 10 years | 10 years | ||||||
Agreement agreement between 21Vianet China and the 21Vianet Technology, expiration date | Dec. 18, 2026 | Dec. 18, 2016 | ||||||
Technical Consulting and Service Agreement | ||||||||
Organization [Line Items] | ||||||||
Agreement agreement between 21Vianet China and the 21Vianet Technology, term | 10 years | 10 years | ||||||
Agreement agreement between 21Vianet China and the 21Vianet Technology, expiration date | Dec. 18, 2026 | Dec. 18, 2016 | ||||||
Service fee per hour | ¥ 1,000 | |||||||
Loan Agreement | Shareholders | Loan one | ||||||||
Organization [Line Items] | ||||||||
Loan facility provided to related parties | ¥ 7,000,000 | |||||||
Loan Agreement | Shareholders | Loan Two | ||||||||
Organization [Line Items] | ||||||||
Loan facility provided to related parties | ¥ 3,000,000 |
Consolidated VIE Included in Ac
Consolidated VIE Included in Accompanying Consolidated Financial Statements (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||||||||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015USD ($) | Dec. 31, 2015CNY (¥) | Dec. 31, 2013CNY (¥) | ||
Current assets: | |||||||||
Cash and cash equivalents | $ 186,867 | ¥ 644,415 | ¥ 1,297,418 | $ 242,698 | ¥ 1,685,054 | ¥ 1,458,856 | |||
Restricted cash | 282,812 | 1,963,561 | 195,230 | ||||||
Inventories | 638 | 4,431 | 13,539 | ||||||
Short-term investments | 40,033 | 277,946 | 102,300 | ||||||
Prepaid expenses and other current assets | 111,930 | 777,131 | 642,553 | ||||||
Deferred tax assets | 6,245 | 43,362 | 31,113 | ||||||
Amounts due from related parties | 26,302 | 182,615 | 105,137 | ||||||
Total current assets | 749,233 | 5,201,923 | 3,469,034 | ||||||
Non-current assets: | |||||||||
Property and equipment, net | 544,666 | 3,781,613 | 3,653,071 | ||||||
Intangible assets, net | 140,766 | 1,404,453 | 977,341 | 1,274,166 | |||||
Land use rights, net | 24,146 | 167,646 | 64,682 | ||||||
Goodwill | 252,912 | 1,755,970 | 1,755,970 | 252,912 | 1,755,970 | ¥ 410,500 | |||
Deferred tax assets | 8,255 | 57,314 | 46,900 | ||||||
Other non-current assets | 21,216 | 147,302 | 183,868 | ||||||
Long-term investments | 43,046 | 298,871 | 201,504 | ||||||
Total non-current assets | 1,039,838 | 7,219,601 | 7,378,676 | ||||||
Total assets | 1,789,071 | 12,421,524 | 10,847,710 | ||||||
Current liabilities: | |||||||||
Short-term bank borrowings | 242,500 | 1,683,676 | 276,000 | ||||||
Accounts and notes payable | 76,274 | 529,569 | 482,622 | ||||||
Accrued expenses and other payables | 113,484 | 787,916 | 637,957 | ||||||
Advance from customers | 29,007 | 201,397 | 185,800 | ||||||
Income tax payable | 3,154 | 21,899 | 49,959 | ||||||
Deferred revenue | 46,093 | 320,023 | 342,105 | ||||||
Amount due to related parties | 17,561 | 121,928 | 397,588 | ||||||
Current portion of capital lease obligation | 35,103 | 243,723 | 140,488 | ||||||
Deferred government grants | 736 | 5,107 | 6,332 | ||||||
Total current liabilities | 629,967 | 4,373,857 | 2,821,019 | ||||||
Non-current liabilities: | |||||||||
Non-current portion of capital lease obligations | 77,290 | 536,623 | 579,070 | ||||||
Unrecognized tax benefits | 4,132 | 28,689 | 14,492 | ||||||
Deferred tax liabilities | 39,565 | 274,700 | 293,212 | ||||||
Deferred government grants | 3,728 | 25,886 | 31,288 | ||||||
Deferred revenue | 9,006 | 62,531 | 68,535 | ||||||
Mandatorily redeemable noncontrolling interests | 100,821 | 773,706 | 700,000 | $ 113,817 | 790,229 | ||||
Total non-current liabilities | 172,353 | 1,196,650 | 3,202,087 | ||||||
Total liabilities | 802,320 | 5,570,507 | 6,023,106 | ||||||
Net revenues | 524,525 | ¥ 3,641,774 | ¥ 3,634,372 | 2,876,447 | |||||
Net profit (loss) | (134,224) | (931,922) | (401,275) | (328,477) | |||||
Net cash provided by operating activities | 12,046 | 83,620 | 216,834 | 325,365 | |||||
Net cash (used in) provided by investing activities | (121,132) | (841,017) | (370,130) | (2,261,797) | |||||
Net cash provided by (used in) financing activities | 30,169 | 209,472 | 1,115,032 | 1,121,732 | |||||
Net increase (decrease) in cash and cash equivalents | (55,831) | (387,636) | 1,040,639 | (814,441) | |||||
Variable Interest Entity, Primary Beneficiary | |||||||||
Current assets: | |||||||||
Cash and cash equivalents | 34,549 | 239,874 | 391,182 | ||||||
Restricted cash | 9,896 | 68,709 | 135,875 | ||||||
Accounts receivable (net of allowance for doubtful debt of RMB39,010 and RMB80,313 (US$11,567) as of December 31, 2015 and 2016, respectively) | 80,010 | 555,509 | 630,582 | ||||||
Inventories | 622 | 4,320 | 13,115 | ||||||
Short-term investments | 102,300 | ||||||||
Prepaid expenses and other current assets | 91,715 | 636,776 | 548,061 | ||||||
Deferred tax assets | 5,869 | 40,751 | 29,029 | ||||||
Amounts due from related parties | 11,861 | 82,350 | 55,503 | ||||||
Total current assets | 234,522 | 1,628,289 | 1,905,647 | ||||||
Non-current assets: | |||||||||
Property and equipment, net | 360,302 | 2,501,578 | 2,226,653 | ||||||
Intangible assets, net | 80,030 | 555,649 | 810,171 | ||||||
Land use rights, net | 10,953 | 76,044 | 64,682 | ||||||
Goodwill | 165,140 | 1,146,570 | 1,146,570 | ||||||
Deferred tax assets | 8,111 | 56,312 | 44,688 | ||||||
Other non-current assets | 16,250 | 112,822 | 153,772 | ||||||
Long-term investments | 38,420 | 266,748 | 164,454 | ||||||
Total non-current assets | 679,206 | 4,715,723 | 4,610,990 | ||||||
Total assets | 913,728 | 6,344,012 | 6,516,637 | ||||||
Current liabilities: | |||||||||
Short-term bank borrowings | 26,455 | 183,676 | 276,000 | ||||||
Accounts and notes payable | 63,639 | 441,847 | 416,850 | ||||||
Accrued expenses and other payables | 75,704 | 525,613 | 435,912 | ||||||
Advance from customers | 29,007 | 201,397 | 185,800 | ||||||
Income tax payable | 3,668 | 25,466 | 43,949 | ||||||
Deferred revenue | 44,821 | 311,191 | 332,091 | ||||||
Amount due to inter-companies | [1] | 175,990 | 1,221,897 | 890,988 | |||||
Amount due to related parties | [2] | 7,676 | 53,295 | 48,762 | |||||
Current portion of capital lease obligation | 29,295 | 203,394 | 123,694 | ||||||
Current portion of long-term bank borrowings | 1,810 | 12,564 | 12,422 | ||||||
Deferred government grants | 736 | 5,107 | 6,332 | ||||||
Total current liabilities | 458,801 | 3,185,447 | 2,772,800 | ||||||
Non-current liabilities: | |||||||||
Amount due to inter-companies | 151,625 | 1,052,734 | 1,080,118 | ||||||
Long-term bank borrowings | 31,550 | 219,055 | 27,534 | ||||||
Non-current portion of capital lease obligations | 83,763 | 581,568 | 543,503 | ||||||
Unrecognized tax benefits | 3,479 | 24,153 | 11,098 | ||||||
Deferred tax liabilities | 26,340 | 182,877 | 218,522 | ||||||
Deferred government grants | 3,728 | 25,886 | 31,288 | ||||||
Deferred revenue | 9,006 | 62,531 | 68,535 | ||||||
Mandatorily redeemable noncontrolling interests | 100,000 | ||||||||
Total non-current liabilities | 309,491 | 2,148,804 | 2,080,598 | ||||||
Total liabilities | 768,292 | ¥ 5,334,251 | ¥ 4,853,398 | ||||||
Net revenues | 423,206 | 2,938,319 | 3,066,090 | 2,695,021 | |||||
Net profit (loss) | (97,175) | (674,685) | (35,811) | 175,521 | |||||
Net cash provided by operating activities | 20,361 | 141,364 | 270,358 | 434,865 | |||||
Net cash (used in) provided by investing activities | (67,832) | (470,955) | 105,635 | (808,117) | |||||
Net cash provided by (used in) financing activities | 25,678 | 178,283 | (354,408) | 480,045 | |||||
Net increase (decrease) in cash and cash equivalents | $ (21,793) | ¥ (151,308) | ¥ 21,585 | ¥ 106,793 | |||||
[1] | Amount due to inter-companies consist of intercompany payables to the other companies within the Group for the purchase of telecommunication resources and fixed assets on behalf of the Consolidated VIEs. The Consolidated VIEs had intercompany payables of RMB34,603 and RMB33,792 (US$4,867) to 21Vianet China for accrued service fees as of December 31, 2015 and 2016, respectively. Service fees paid by the Consolidated VIEs to 21Vianet China and were nil, RMB35,292 and nil for the years ended December 31, 2014, 2015 and 2016, respectively. | ||||||||
[2] | Information with respect to related parties is discussed in Note 24. |
Consolidated VIE Included in 72
Consolidated VIE Included in Accompanying Consolidated Financial Statements (Parenthetical) (Detail) - Variable Interest Entity, Primary Beneficiary ¥ in Thousands, $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | ||
Variable Interest Entity [Line Items] | ||||||
Accounts receivable, allowance for doubtful accounts | ¥ 39,010 | $ 11,567 | ¥ 80,313 | |||
Amount due to inter-companies | [1] | 890,988 | 175,990 | 1,221,897 | ||
21Vianet China and SZ Zhuoaiyi | ||||||
Variable Interest Entity [Line Items] | ||||||
Amount due to inter-companies | 34,603 | $ 4,867 | ¥ 33,792 | |||
Amount paid to inter-companies | ¥ 0 | ¥ 35,292 | ¥ 0 | |||
[1] | Amount due to inter-companies consist of intercompany payables to the other companies within the Group for the purchase of telecommunication resources and fixed assets on behalf of the Consolidated VIEs. The Consolidated VIEs had intercompany payables of RMB34,603 and RMB33,792 (US$4,867) to 21Vianet China for accrued service fees as of December 31, 2015 and 2016, respectively. Service fees paid by the Consolidated VIEs to 21Vianet China and were nil, RMB35,292 and nil for the years ended December 31, 2014, 2015 and 2016, respectively. |
Summary of Significant Accoun73
Summary of Significant Accounting Policies - Additional Information (Detail) | Oct. 01, 2016Segment | Sep. 30, 2016Segment | Jun. 30, 2014 | Dec. 31, 2016USD ($)shares | Dec. 31, 2016CNY (¥)shares | Dec. 31, 2015CNY (¥)shares | Dec. 31, 2014CNY (¥)shares | Dec. 31, 2016CNY (¥)shares | Dec. 31, 2016CNY (¥) | Dec. 30, 2016 | Sep. 04, 2014USD ($) | Aug. 26, 2014USD ($) |
Significant Accounting Policies [Line Items] | ||||||||||||
Official exchange rate of foreign currency remeasured (RMB per one U.S. dollar) | 6.9430 | |||||||||||
Internal use software development costs, Amount capitalized | $ 1,841,000 | ¥ 23,780,000 | ¥ 7,199,000 | ¥ 12,781,000 | ||||||||
Capitalized software costs, Amortization expense | 57,000 | ¥ 394,000 | 5,772,000 | 8,333,000 | ||||||||
Capitalized internal use software development costs, Unamortized amount | $ 5,762,000 | 27,619,000 | ¥ 40,006,000 | |||||||||
Cash flows estimated growth rate after six years using terminal value | 3.00% | 3.00% | ||||||||||
Discount rate used in the valuations based on weighted average cost of capital | 13.00% | 13.00% | ||||||||||
Discounted cash flow projection period | 6 years | 6 years | ||||||||||
Impairment losses pursuant to the goodwill tests | $ 0 | ¥ 0 | 0 | 0 | ||||||||
Liabilities measured at fair value on recurring basis | 80,143,000 | 2,707,352,000 | ¥ 556,432,000 | |||||||||
Vat rate | 6.00% | |||||||||||
Business tax expenses and other surcharges | 0 | 6,394,000 | 25,202,000 | |||||||||
Advertising expense | $ 2,941,000 | ¥ 20,420,000 | ¥ 26,360,000 | ¥ 19,687,000 | ||||||||
Estimated forfeiture rate for management and non-management employees | 1.81% | 1.81% | 1.10% | 1.66% | ||||||||
Share Repurchase Plan, share value | ¥ 42,665,000 | ¥ 213,665,000 | ||||||||||
Number of reportable segments | Segment | 2 | 1 | ||||||||||
American Depository Shares | ||||||||||||
Significant Accounting Policies [Line Items] | ||||||||||||
Share Repurchase Plan, shares repurchased (in shares) | shares | 815,525 | 815,525 | 0 | 1,553,085 | 2,368,610 | |||||||
Share Repurchase Plan, share value | ¥ 256,330,000 | |||||||||||
Long-term investments | ||||||||||||
Significant Accounting Policies [Line Items] | ||||||||||||
Impairment of investment | $ 0 | ¥ 0 | ¥ 0 | ¥ 0 | ||||||||
Bonds | ||||||||||||
Significant Accounting Policies [Line Items] | ||||||||||||
Liabilities measured at fair value on recurring basis | 60,276,000 | 2,193,744,000 | 418,497,000 | |||||||||
Short-term investments | ||||||||||||
Significant Accounting Policies [Line Items] | ||||||||||||
Impairment of investment | 0 | ¥ 0 | 0 | ¥ 0 | ||||||||
Option Three | ||||||||||||
Significant Accounting Policies [Line Items] | ||||||||||||
Business tax rate | 3.00% | |||||||||||
Option Four | ||||||||||||
Significant Accounting Policies [Line Items] | ||||||||||||
Business tax rate | 5.00% | |||||||||||
Quoted prices in active markets for identical assets and liabilities (Level 1) | ||||||||||||
Significant Accounting Policies [Line Items] | ||||||||||||
Liabilities measured at fair value on recurring basis | 2,193,744,000 | 418,497,000 | ||||||||||
Quoted prices in active markets for identical assets and liabilities (Level 1) | Bonds | ||||||||||||
Significant Accounting Policies [Line Items] | ||||||||||||
Liabilities measured at fair value on recurring basis | $ 60,276,000 | ¥ 2,193,744,000 | ¥ 418,497,000 | |||||||||
Master Services Agreement | ||||||||||||
Significant Accounting Policies [Line Items] | ||||||||||||
Master service agreement terms | 1 year | 1 year | ||||||||||
Maximum | American Depository Shares | ||||||||||||
Significant Accounting Policies [Line Items] | ||||||||||||
Share Repurchase Plan, value | $ | $ 100,000,000 | $ 5,000,000 | ||||||||||
Minimum | Capital Leases | ||||||||||||
Significant Accounting Policies [Line Items] | ||||||||||||
Capital lease recognition condition, lease term as a percentage of estimated remaining economic life | 75.00% | 75.00% | ||||||||||
Capital lease recognition condition, minimum lease payments at the beginning of the lease term as a percentage of the fair value of the leased property | 90.00% | 90.00% |
Estimated Useful Lives of Prope
Estimated Useful Lives of Property and Equipment (Detail) | 12 Months Ended |
Dec. 31, 2016 | |
Property | Minimum | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 25 years |
Property | Maximum | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 46 years |
Leasehold improvements | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | Over the shorter of lease term or the estimated useful lives of the assets |
Optical Fibers | Minimum | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 10 years |
Optical Fibers | Maximum | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 20 years |
Computer and network equipment | Minimum | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 4 years |
Computer and network equipment | Maximum | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 11 years |
Office equipment | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 5 years |
Motor vehicles | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 5 years |
Weighted Average Useful Lives o
Weighted Average Useful Lives of Intangible Assets (Detail) | 12 Months Ended | |
Dec. 31, 2016 | ||
Purchased software | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 3 years 4 months 24 days | |
Radio Spectrum License | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 15 years | |
Network Use Right | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 20 years | |
Contract Backlog | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 5 years 2 months 12 days | [1] |
Customer Relationships | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 9 years 6 months | [1] |
Supplier Relationships | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 8 years 10 months 24 days | [1] |
Licenses | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 15 years | [1] |
Trade Names | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 15 years 1 month 6 days | [1] |
Platform Software | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 5 years | [1] |
Non-complete agreement | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 5 years 1 month 6 days | [1] |
Internal Use Software | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 7 years | |
Property management relationship | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 9 years | [1] |
[1] | Acquired in the acquisitions of subsidiaries. |
Summary of Impairment Charges A
Summary of Impairment Charges Associated with Long-Lived Assets and Acquired Intangibles (Detail) - 12 months ended Dec. 31, 2016 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Asset Impairment Charges [Abstract] | ||
Impairment of property and equipment | $ 34,300 | ¥ 238,144 |
Impairment of intangible assets | $ 22,296 | ¥ 154,803 |
Interest Expense (Detail)
Interest Expense (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Supplemental Income Statement Elements [Abstract] | ||||
Interest expense and amortization cost of bonds | $ 16,328 | ¥ 113,367 | ¥ 172,677 | ¥ 130,355 |
Interest expense on bank and other borrowings | 6,680 | 46,377 | 55,391 | 66,699 |
Interest expense on capital lease | 9,605 | 66,687 | 57,189 | 40,849 |
Total interest costs | 32,613 | 226,431 | 285,257 | 237,903 |
Less: Total interest costs capitalized | (4,010) | (27,842) | (11,073) | (5,883) |
Interest expense, net | $ 28,603 | ¥ 198,589 | ¥ 274,184 | ¥ 232,020 |
Concentration of Risks - Additi
Concentration of Risks - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2016USD ($)Customer | Dec. 31, 2015USD ($)Customer | Dec. 31, 2014Customer | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | |
Concentration Risk [Line Items] | |||||
Depreciation of RMB against US$ | (6.80%) | (6.10%) | (0.40%) | ||
Customer Concentration Risk | |||||
Concentration Risk [Line Items] | |||||
Number of customers who contributed more than 3% of Company's revenue | 0 | 0 | 0 | ||
Cabinet and Bandwidth Supply | Supplier Concentration Risk | |||||
Concentration Risk [Line Items] | |||||
Concentration of risk, percentage | 19.00% | 15.00% | 21.00% | ||
Bandwidth and Cabinet Resources | Customer Concentration Risk | |||||
Concentration Risk [Line Items] | |||||
Concentration of risk, percentage | 4.00% | 6.00% | 7.00% | ||
Bandwidth and Cabinet Resources | Customer Concentration Risk | Largest single customer | Maximum | |||||
Concentration Risk [Line Items] | |||||
Concentration of risk, percentage | 4.00% | 4.00% | 4.00% | ||
PRC | Credit Concentration Risk | |||||
Concentration Risk [Line Items] | |||||
Cash and cash equivalents, restricted cash and short-term investments, held at major institutions | $ 70,524 | ¥ 489,646 | ¥ 969,467 | ||
Outside the PRC | Credit Concentration Risk | |||||
Concentration Risk [Line Items] | |||||
Cash and cash equivalents, restricted cash and short-term investments, held at major institutions | $ 444,019 | $ 176,637 | ¥ 3,082,823 |
Acquisitions - Additional Infor
Acquisitions - Additional Information (Detail) ¥ in Thousands, $ in Thousands | Jul. 07, 2016USD ($) | Aug. 10, 2014CNY (¥) | May 31, 2014CNY (¥)shares | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥)Tranche | Dec. 31, 2014CNY (¥) | Jul. 07, 2016CNY (¥) | Dec. 31, 2012CNY (¥) | |
Business Acquisition [Line Items] | ||||||||||
Changes in the fair value of contingent purchase consideration payables | $ (13,439) | ¥ (93,307) | ¥ 43,325 | ¥ 22,629 | ||||||
Fair value of contingent consideration | 16,350 | ¥ 47,755 | ||||||||
Other acquisitions | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Business acquisition, total purchase consideration | 64,232 | |||||||||
Contingent ordinary shares issuance | [1],[2],[3] | ¥ 7,339 | ||||||||
Changes in the fair value of contingent purchase consideration payables | ¥ 16,350 | ¥ 9,455 | ||||||||
Aipu Group | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Business acquisition, equity interests acquired | 50.00% | |||||||||
Business acquisition, acquisition date | May 31, 2014 | |||||||||
Business acquisition, total purchase consideration | ¥ 748,971 | |||||||||
Business acquisition, equity interests share acquired | shares | 1 | |||||||||
Minority interest ownership percentage | 50.00% | |||||||||
Number of tranches | Tranche | 3 | |||||||||
Business acquisition, equity interests held by non controlling interest holders maximum percentage of eligible shares to be put each year by option exercise right | 11.00% | 11.00% | 28.00% | |||||||
Aipu Group | Floor | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Financial and operational performance targeted amount used to compute put option exercise price | ¥ 700,000 | |||||||||
Aipu Group | Ceiling | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Financial and operational performance targeted amount used to compute put option exercise price | ¥ 800,000 | |||||||||
Dermot Entities | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Business acquisition, equity interests acquired | 100.00% | |||||||||
Business acquisition, acquisition date | Aug. 10, 2014 | |||||||||
Business acquisition, total purchase consideration | ¥ 953,567 | |||||||||
Contingent ordinary shares issuance | [2],[4],[5] | 355,067 | ||||||||
Dermot Entities | Restricted Stock Units (RSUs) | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Contingent ordinary shares issuance | ¥ 237,874 | |||||||||
Dynamic Ruby Limited | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Business acquisition, equity interests acquired | 100.00% | 100.00% | ||||||||
Total consideration | $ 10,535 | ¥ 73,150 | ||||||||
Business acquisition, acquisition date | Jul. 7, 2016 | |||||||||
[1] | As the contingent consideration of GD Tianying in shares is predominately derived from a financial and operational performance parameter other than the fair value of the issuer's shares, it is liability-classified and is remeasured at the end of each reporting period with an adjustment for fair value recorded to the current period expense. The contingent consideration related to fiscal year 2014 has been resolved and remeasured in September 2015, with its fair value of RMB4,543 reclassified to additional paid in capital. The Company subsequently issued 225,262 Shares in September 2015 for the contingent consideration related to GD Tianying's 2014 performance. | |||||||||
[2] | The Company determined the fair value of the contingent share consideration with the assistance of an independent third party valuation firm. | |||||||||
[3] | The contingent consideration in both cash and shares are determined based on the achievement by Guangdong Tianying Information Technology Co., Ltd. ("GD Tianying") of certain financial and operational targets in accordance with the sales and purchase agreement for the fiscal years 2014, 2015 and 2016 as well as compliance to the terms of the sales and purchase agreement. The above contingent consideration amounts were derived from the Company's assessment of whether GD Tianying will meet the contractually stipulated targets. | |||||||||
[4] | As the contingent consideration in shares is predominately derived from a financial performance parameter other than the fair value of the issuer's shares, it is liability-classified and is remeasured at the end of each reporting period with an adjustment for fair value recorded to the current period expense. The contingent consideration related to fiscal year 2014 and 2015 has been resolved and remeasured in April 2015 and April 2016, with its fair value of RMB210,000 and RMB210,000 reclassified to additional paid in capital, respectively. The Company issued 1,923,556 ADS in April 2015 and 1,618,251 ADS in May 2016 in relation to this, respectively. | |||||||||
[5] | The contingent consideration in shares are determined based on the achievement by Dermot Entities of certain financial targets in accordance with the sales and purchase agreement for the fiscal years 2014 and 2015 as well as compliance to the terms of the sales and purchase agreement. The above contingent consideration amounts were derived from the Company's assessment of whether Dermot Entities will meet the contractually stipulated targets. The outstanding contingent consideration related to fiscal year 2015 has been recorded in the "Amount due to related parties" balance within the Company's consolidated balance sheets. |
Fair Values of Net Identifiable
Fair Values of Net Identifiable Assets of FS Zhuoyi (Detail) - Jul. 07, 2016 - Dynamic Ruby Limited ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Business Acquisition [Line Items] | ||
Property | $ 7,338 | ¥ 50,950 |
Cash and cash equivalents | 817 | 5,672 |
Other current assets | 3 | 21 |
Other current liabilities | (7,401) | (51,386) |
Deferred tax liabilities | (3,566) | (24,757) |
Total consideration in cash | 10,535 | 73,150 |
Land Use Rights [Member] | ||
Business Acquisition [Line Items] | ||
Business combination, intangible assets | $ 13,344 | ¥ 92,650 |
Purchase Consideration (Detail)
Purchase Consideration (Detail) - CNY (¥) ¥ in Thousands | Aug. 10, 2014 | May 31, 2014 | Dec. 31, 2014 | |||
Business Acquisition [Line Items] | ||||||
Business acquisition, cash consideration | ¥ 137,445 | |||||
Dermot Entities | ||||||
Business Acquisition [Line Items] | ||||||
Business acquisition, cash consideration | ¥ 598,500 | [1] | 598,500 | |||
Total fair value of purchase price consideration | 953,567 | |||||
Contingent ordinary shares issuance | [2],[3],[4] | ¥ 355,067 | ||||
Other acquisitions | ||||||
Business Acquisition [Line Items] | ||||||
Business acquisition, cash consideration | [5] | 49,554 | ||||
Contingent consideration in cash | [3],[6] | 7,339 | ||||
Total fair value of purchase price consideration | 64,232 | |||||
Contingent ordinary shares issuance | [3],[6],[7] | 7,339 | ||||
Aipu Group | ||||||
Business Acquisition [Line Items] | ||||||
Business acquisition, cash consideration | ¥ 700,000 | [8] | ¥ 700,000 | |||
Contingent consideration in cash | [9],[10] | 48,971 | ||||
Total fair value of purchase price consideration | ¥ 748,971 | |||||
[1] | RMB 598,500 of the above cash consideration was paid in 2014. | |||||
[2] | As the contingent consideration in shares is predominately derived from a financial performance parameter other than the fair value of the issuer's shares, it is liability-classified and is remeasured at the end of each reporting period with an adjustment for fair value recorded to the current period expense. The contingent consideration related to fiscal year 2014 and 2015 has been resolved and remeasured in April 2015 and April 2016, with its fair value of RMB210,000 and RMB210,000 reclassified to additional paid in capital, respectively. The Company issued 1,923,556 ADS in April 2015 and 1,618,251 ADS in May 2016 in relation to this, respectively. | |||||
[3] | The Company determined the fair value of the contingent share consideration with the assistance of an independent third party valuation firm. | |||||
[4] | The contingent consideration in shares are determined based on the achievement by Dermot Entities of certain financial targets in accordance with the sales and purchase agreement for the fiscal years 2014 and 2015 as well as compliance to the terms of the sales and purchase agreement. The above contingent consideration amounts were derived from the Company's assessment of whether Dermot Entities will meet the contractually stipulated targets. The outstanding contingent consideration related to fiscal year 2015 has been recorded in the "Amount due to related parties" balance within the Company's consolidated balance sheets. | |||||
[5] | RMB49,554 of the above cash consideration was paid in 2014. | |||||
[6] | The contingent consideration in both cash and shares are determined based on the achievement by Guangdong Tianying Information Technology Co., Ltd. ("GD Tianying") of certain financial and operational targets in accordance with the sales and purchase agreement for the fiscal years 2014, 2015 and 2016 as well as compliance to the terms of the sales and purchase agreement. The above contingent consideration amounts were derived from the Company's assessment of whether GD Tianying will meet the contractually stipulated targets. | |||||
[7] | As the contingent consideration of GD Tianying in shares is predominately derived from a financial and operational performance parameter other than the fair value of the issuer's shares, it is liability-classified and is remeasured at the end of each reporting period with an adjustment for fair value recorded to the current period expense. The contingent consideration related to fiscal year 2014 has been resolved and remeasured in September 2015, with its fair value of RMB4,543 reclassified to additional paid in capital. The Company subsequently issued 225,262 Shares in September 2015 for the contingent consideration related to GD Tianying's 2014 performance. | |||||
[8] | RMB700,000 of the above cash consideration was paid in 2014. | |||||
[9] | The Company determined the fair value of the contingent consideration with the assistance of an independent third party valuation firm. | |||||
[10] | The contingent consideration in cash was determined based on the achievement by Aipu Group of certain revenue and net profit targets as well as certain operational performance targets in accordance with the sales and purchase agreement for the fiscal years 2014, 2015 and 2016. The Company determined the fair value of the contingent cash consideration as of the acquisition date and at the end of 2014, 2015 and 2016 with the assistance of an independent third party valuation firm based on the Company's assessment of whether Aipu Group will meet the aforementioned contractually stipulated targets. The outstanding contingent consideration amount was recorded in the "Amount due to related parties" balance within the Company's consolidated balance sheets (Note 24). In 2016, since Aipu failed to meet the operational performance target, the contingent consideration amounted to RMB57,700 was reversed as of December 31, 2016. |
Purchase Consideration (Parenth
Purchase Consideration (Parenthetical) (Detail) - CNY (¥) ¥ in Thousands | Aug. 10, 2014 | [1] | May 31, 2014 | [3] | May 31, 2016 | Apr. 30, 2016 | Apr. 30, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Business Acquisition [Line Items] | |||||||||||
Business acquisition, cash consideration | ¥ 137,445 | ||||||||||
Dermot Entities | |||||||||||
Business Acquisition [Line Items] | |||||||||||
Business acquisition, cash consideration | ¥ 598,500 | 598,500 | |||||||||
Other acquisitions | |||||||||||
Business Acquisition [Line Items] | |||||||||||
Business acquisition, cash consideration | [2] | 49,554 | |||||||||
Fair value of contingent consideration in shares reclassified to additional paid in capital | ¥ 4,543 | ||||||||||
Business acquisition, shares issued | 225,262 | ||||||||||
Aipu Group | |||||||||||
Business Acquisition [Line Items] | |||||||||||
Business acquisition, cash consideration | ¥ 700,000 | ¥ 700,000 | |||||||||
Contingent consideration reversed | ¥ 57,700 | ||||||||||
American Depository Shares | |||||||||||
Business Acquisition [Line Items] | |||||||||||
Business acquisition, shares issued | 223,161 | 146,372 | 0 | ||||||||
American Depository Shares | Dermot Entities | |||||||||||
Business Acquisition [Line Items] | |||||||||||
Fair value of contingent consideration in shares reclassified to additional paid in capital | ¥ 210,000 | ¥ 210,000 | |||||||||
Business acquisition, shares issued | 1,618,251 | 1,923,556 | |||||||||
[1] | RMB 598,500 of the above cash consideration was paid in 2014. | ||||||||||
[2] | RMB49,554 of the above cash consideration was paid in 2014. | ||||||||||
[3] | RMB700,000 of the above cash consideration was paid in 2014. |
Accounts and Notes Receivable a
Accounts and Notes Receivable and Allowance for Doubtful Debt (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015USD ($) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) |
Receivables [Abstract] | |||||
Accounts receivable | $ 105,884 | ¥ 735,154 | ¥ 733,558 | ||
Notes receivable | 175 | 1,215 | 620 | ||
Allowance for doubtful debts | (11,653) | (80,910) | $ (5,771) | (40,070) | ¥ (10,416) |
Accounts and notes receivable (net of allowance for doubtful debt of RMB40,070 and RMB80,910 (US$11,653) as of December 31, 2015 and 2016, respectively) | $ 94,406 | ¥ 655,459 | ¥ 694,108 |
Analysis of Allowance for Doubt
Analysis of Allowance for Doubtful Debt (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Balance at beginning of the year | $ 5,771 | ¥ 40,070 | ¥ 10,416 | |
Provision | 16,933 | 117,564 | 32,199 | ¥ 9,913 |
Write-off of accounts receivable | (5,588) | (38,797) | (1,097) | |
Balance at the end of the year | 11,653 | 80,910 | 40,070 | ¥ 10,416 |
Allowance for Account Receivables | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Provision | $ 11,470 | ¥ 79,637 | ¥ 30,751 |
Short Term Investments (Detail)
Short Term Investments (Detail) - Short-term investments ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Investment [Line Items] | |||
Held-to-maturity securities | $ 40,033 | ¥ 277,946 | ¥ 102,300 |
Fixed rate time deposits | |||
Investment [Line Items] | |||
Held-to-maturity securities | $ 40,033 | ¥ 277,946 | |
Floating Rate Principal Unguaranteed Investments | |||
Investment [Line Items] | |||
Held-to-maturity securities | ¥ 102,300 |
Short-Term Investments - Additi
Short-Term Investments - Additional Information (Detail) | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Investment [Line Items] | ||||
Investments, interest income | $ 3,036,000 | ¥ 21,078,000 | ¥ 53,494,000 | ¥ 67,904,000 |
Short-term investments | ||||
Investment [Line Items] | ||||
Investments, interest income | 165,000 | 1,148,000 | 37,652,000 | 50,882,000 |
Unrealized Gain (Loss) on Investments | $ 0 | ¥ 0 | ¥ 0 | ¥ 0 |
Inventories (Detail)
Inventories (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Inventory Disclosure [Abstract] | |||
Broadband related products | $ 638 | ¥ 4,431 | ¥ 13,539 |
Prepaid Expenses and Other Cu88
Prepaid Expenses and Other Current Assets (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Prepaid Expense and Other Assets [Abstract] | |||
Prepaid expenses for bandwidth, rented data centers or cabinets | $ 23,541 | ¥ 163,443 | ¥ 126,842 |
Staff field advances | 3,230 | 22,429 | 20,819 |
Interest receivables | 1,955 | 13,576 | 4,936 |
Receivables for the disposal of certain construction-in-progress | 2,922 | 20,290 | 20,290 |
Tax recoverables | 44,567 | 309,426 | 159,413 |
Deposits | 2,822 | 19,596 | 18,191 |
Loan to third parties | 8,992 | 62,433 | 119,244 |
Other receivables | 23,901 | 165,938 | 172,818 |
Prepaid expenses and other current assets | $ 111,930 | ¥ 777,131 | ¥ 642,553 |
Property and Equipment Includin
Property and Equipment Including Those Held Under Capital Leases (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | |
Property, Plant and Equipment [Line Items] | ||||
Property and Equipment, gross | $ 621,910 | ¥ 4,317,917 | ¥ 3,629,622 | |
Less: accumulated depreciation | (193,294) | (1,342,041) | (1,088,684) | |
Impairment | (34,300) | ¥ (238,144) | ||
Property Plant And Equipment Net Excluding Construction In Progress | 394,316 | 2,737,732 | 2,540,938 | |
Construction-in-progress | 150,350 | 1,043,881 | 1,112,133 | |
Property and Equipment, net | 544,666 | 3,781,613 | 3,653,071 | |
Property | ||||
Property, Plant and Equipment [Line Items] | ||||
Property and Equipment, gross | 70,637 | 490,430 | 439,480 | |
Leasehold improvements | ||||
Property, Plant and Equipment [Line Items] | ||||
Property and Equipment, gross | 95,931 | 666,051 | 398,473 | |
Computer and network equipment | ||||
Property, Plant and Equipment [Line Items] | ||||
Property and Equipment, gross | 421,472 | 2,926,278 | 2,556,403 | |
Optical Fibers | ||||
Property, Plant and Equipment [Line Items] | ||||
Property and Equipment, gross | 29,875 | 207,423 | 207,423 | |
Office equipment | ||||
Property, Plant and Equipment [Line Items] | ||||
Property and Equipment, gross | 2,822 | 19,591 | 19,554 | |
Motor vehicles | ||||
Property, Plant and Equipment [Line Items] | ||||
Property and Equipment, gross | $ 1,173 | ¥ 8,144 | ¥ 8,289 |
Property and Equipment Net - Ad
Property and Equipment Net - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Property, Plant and Equipment [Line Items] | ||||
Depreciation expense | $ 69,150 | ¥ 480,105 | ¥ 402,035 | ¥ 278,986 |
Assets held under capital leases | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expense | $ 14,426 | ¥ 100,157 | ¥ 64,371 | ¥ 22,302 |
Depreciation Expense (Detail)
Depreciation Expense (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Property, Plant and Equipment [Line Items] | ||||
Depreciation expenses | $ 69,150 | ¥ 480,105 | ¥ 402,035 | ¥ 278,986 |
Cost of Revenues | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expenses | 57,182 | 397,014 | 328,217 | 225,680 |
Selling and Marketing Expense | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expenses | 541 | 3,759 | 5,670 | 3,397 |
General and Administrative Expense | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expenses | 6,590 | 45,746 | 29,753 | 19,433 |
Research and Development Expense | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expenses | $ 4,837 | ¥ 33,586 | ¥ 38,395 | ¥ 30,476 |
Carrying Amounts of Property an
Carrying Amounts of Property and Equipment Held Under Capital Leases (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Capital Leased Assets [Line Items] | |||
Property and Equipment Held Under Capital Leases, gross | $ 144,710 | ¥ 1,004,724 | ¥ 862,122 |
Less: accumulated depreciation | (34,389) | (238,765) | (138,608) |
Property and Equipment Held Under Capital Leases, gross | 110,321 | 765,959 | 723,514 |
Construction-in-progress | 150,350 | 1,043,881 | 1,112,133 |
Property and Equipment Held Under Capital Leases, net | 115,493 | 801,865 | 866,185 |
Property | |||
Capital Leased Assets [Line Items] | |||
Property and Equipment Held Under Capital Leases, gross | 52,622 | 365,353 | 365,353 |
Computer and network equipment | |||
Capital Leased Assets [Line Items] | |||
Property and Equipment Held Under Capital Leases, gross | 62,213 | 431,948 | 289,346 |
Optical Fibers | |||
Capital Leased Assets [Line Items] | |||
Property and Equipment Held Under Capital Leases, gross | 29,875 | 207,423 | 207,423 |
Capital Lease | |||
Capital Leased Assets [Line Items] | |||
Construction-in-progress | $ 5,172 | ¥ 35,906 | ¥ 142,671 |
Carrying Amounts of Property, C
Carrying Amounts of Property, Computer, Network Equipment and Construction-in-Progress Pledged to Secure Banking Borrowings (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Property, Plant and Equipment [Line Items] | |||
Assets pledged as collateral | $ 48,321 | ¥ 335,491 | |
Property | |||
Property, Plant and Equipment [Line Items] | |||
Assets pledged as collateral | 1,143 | 7,938 | ¥ 22,118 |
Computer and network equipment | |||
Property, Plant and Equipment [Line Items] | |||
Assets pledged as collateral | 4,538 | 31,506 | ¥ 37,167 |
Construction in Progress | |||
Property, Plant and Equipment [Line Items] | |||
Assets pledged as collateral | $ 45,839 | ¥ 318,259 |
Summary of Intangible Assets (D
Summary of Intangible Assets (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | ||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | ¥ 1,274,166 | ¥ 1,404,453 | |||
Additions | 39,544 | 46,486 | |||
Disposals | (6,531) | (243) | |||
Foreign currency translation difference | 8,929 | 7,617 | |||
Amortization expense | $ (26,496) | (183,964) | (184,147) | ¥ (127,669) | |
Impairment | (22,296) | (154,803) | |||
Ending Balance | 140,766 | 977,341 | 1,274,166 | 1,404,453 | |
Purchased software | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | 74,471 | 67,032 | |||
Additions | 26,763 | 22,706 | |||
Disposals | (6,531) | ||||
Foreign currency translation difference | 1,814 | 380 | |||
Amortization expense | (23,072) | (15,647) | |||
Ending Balance | 10,578 | 73,445 | 74,471 | 67,032 | |
Radio Spectrum License | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | 93,387 | 95,880 | |||
Foreign currency translation difference | 7,115 | 7,237 | |||
Amortization expense | (8,934) | (9,730) | |||
Ending Balance | 13,189 | 91,568 | 93,387 | 95,880 | |
Network Use Right | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | 16,834 | 17,834 | |||
Amortization expense | (1,000) | (1,000) | |||
Ending Balance | 2,281 | 15,834 | 16,834 | 17,834 | |
Contract Backlog | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | [1] | 24,926 | 31,514 | ||
Amortization expense | [1] | (6,588) | (6,588) | ||
Ending Balance | [1] | 2,641 | 18,338 | 24,926 | 31,514 |
Customer Relationships | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | [1] | 595,648 | 677,431 | ||
Amortization expense | [1] | (80,349) | (81,783) | ||
Impairment | [1] | (102,524) | |||
Ending Balance | [1] | 59,452 | 412,775 | 595,648 | 677,431 |
Licenses | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | [1] | 16,519 | 17,785 | ||
Amortization expense | [1] | (1,266) | (1,266) | ||
Impairment | [1] | (2,696) | |||
Ending Balance | [1] | 1,809 | 12,557 | 16,519 | 17,785 |
Supplier Relationships | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | [1] | 115,727 | 141,004 | ||
Amortization expense | [1] | (25,277) | (25,277) | ||
Impairment | [1] | (2,007) | |||
Ending Balance | [1] | 12,738 | 88,443 | 115,727 | 141,004 |
Trade Names | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | [1] | 211,189 | 229,097 | ||
Amortization expense | [1] | (17,908) | (17,908) | ||
Impairment | [1] | (24,896) | |||
Ending Balance | [1] | 24,252 | 168,385 | 211,189 | 229,097 |
Platform Software | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | [1] | 7,753 | 11,582 | ||
Amortization expense | [1] | (3,829) | (3,829) | ||
Ending Balance | [1] | 565 | 3,924 | 7,753 | 11,582 |
Non - Complete Agreement | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | [1] | 18,504 | 24,198 | ||
Amortization expense | [1] | (5,694) | (5,694) | ||
Impairment | [1] | (3,907) | |||
Ending Balance | [1] | 1,282 | 8,903 | 18,504 | 24,198 |
Internal Use Software | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | 27,619 | 9,854 | |||
Additions | 12,781 | 23,780 | |||
Disposals | (243) | ||||
Amortization expense | (394) | (5,772) | |||
Ending Balance | 5,762 | 40,006 | 27,619 | 9,854 | |
Property management relationship | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Beginning Balance | [1] | 71,589 | 81,242 | ||
Amortization expense | [1] | (9,653) | (9,653) | ||
Impairment | [1] | (18,773) | |||
Ending Balance | [1] | $ 6,217 | ¥ 43,163 | ¥ 71,589 | ¥ 81,242 |
[1] | Acquired in the acquisitions of subsidiaries. |
Intangible Assets Net - Additio
Intangible Assets Net - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Finite-Lived Intangible Assets [Line Items] | ||||
Intangible assets, amortization expenses | $ 26,496 | ¥ 183,964 | ¥ 184,147 | ¥ 127,669 |
Minimum | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Estimated useful life of intangible assets | 1 year | 1 year | ||
Maximum | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Estimated useful life of intangible assets | 20 years | 20 years |
Annual Estimated Amortization E
Annual Estimated Amortization Expenses of Intangible Assets (Detail) - Dec. 31, 2016 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | ||
2,017 | $ 28,623 | ¥ 198,732 |
2,018 | 26,306 | 182,642 |
2,019 | 23,731 | 164,766 |
2,020 | 19,352 | 134,359 |
2,021 | 17,986 | 124,878 |
Finite-Lived Intangible Assets, Net, Total | $ 115,998 | ¥ 805,377 |
Land Use Rights (Detail)
Land Use Rights (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Goodwill and Intangible Assets Disclosure [Abstract] | |||
Cost | $ 24,868 | ¥ 172,658 | ¥ 66,878 |
Accumulated amortization | (722) | (5,012) | (2,196) |
Land use rights, net | $ 24,146 | ¥ 167,646 | ¥ 64,682 |
Carrying Value of Land Use Righ
Carrying Value of Land Use Rights Pledged by Group to Secure Banking Borrowings (Detail) - Dec. 31, 2016 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Land use rights | $ 2,482 | ¥ 17,232 |
Goodwill (Detail)
Goodwill (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Beginning Balance | $ 252,912 | ¥ 1,755,970 | ¥ 1,755,970 | ¥ 410,500 |
Goodwill acquired | 0 | 0 | 0 | 1,345,470 |
Ending Balance | $ 252,912 | ¥ 1,755,970 | ¥ 1,755,970 | ¥ 1,755,970 |
Goodwill - Additional Informati
Goodwill - Additional Information (Detail) | 12 Months Ended | |||
Dec. 31, 2016USD ($)Reporting_unit | Dec. 31, 2016CNY (¥)Reporting_unit | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Number of reporting units | 2 | 2 | ||
Impairment losses pursuant to the goodwill tests | $ 0 | ¥ 0 | ¥ 0 | ¥ 0 |
Summary of Goodwill Acquired by
Summary of Goodwill Acquired by Allocation to Reporting Units (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015USD ($) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | Dec. 31, 2013CNY (¥) |
Goodwill [Line Items] | ||||||
Goodwill | $ 252,912 | ¥ 1,755,970 | $ 252,912 | ¥ 1,755,970 | ¥ 1,755,970 | ¥ 410,500 |
Hosting and Related Services | ||||||
Goodwill [Line Items] | ||||||
Goodwill | 142,522 | 989,530 | ||||
Managed Network Services | ||||||
Goodwill [Line Items] | ||||||
Goodwill | $ 110,390 | ¥ 766,440 |
Long Term Investments (Detail)
Long Term Investments (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Long-term Investments [Abstract] | |||
Cost method investments | $ 8,078 | ¥ 56,087 | ¥ 48,696 |
Equity method investments | 33,827 | 234,863 | 150,211 |
Available-for-sale investments | 1,141 | 7,921 | 2,597 |
Long term investments | $ 43,046 | ¥ 298,871 | ¥ 201,504 |
Long-Term Investments - Additio
Long-Term Investments - Additional Information (Detail) | 1 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2013CNY (¥) | Apr. 30, 2012CNY (¥) | Dec. 31, 2016USD ($)Securities | Dec. 31, 2016CNY (¥)Securities | Dec. 31, 2015USD ($) | Dec. 31, 2016CNY (¥) | Jun. 30, 2016USD ($) | Jun. 30, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Investment [Line Items] | ||||||||||
Cost method investments | $ 8,078,000 | ¥ 56,087,000 | ¥ 48,696,000 | |||||||
Investment income | 743,000 | ¥ 5,160,000 | ||||||||
Investment in an equity investee, addition | 49,000,000 | |||||||||
Cost of investment | 150,000,000 | ¥ 101,000,000 | ||||||||
Cost-method Investments | ||||||||||
Investment [Line Items] | ||||||||||
Cost method investments | 880,000 | ¥ 6,109,000 | ||||||||
Investment income | 743,000 | ¥ 5,160,000 | ||||||||
Impairment of investment | $ | $ 0 | |||||||||
Number of investment securities sold | Securities | 1 | 1 | ||||||||
Yizhuang Venture Investment Fund | ||||||||||
Investment [Line Items] | ||||||||||
Impairment of investment | ¥ 0 | |||||||||
Equity interest, percentage | 27.694% | 27.694% | 27.694% | 27.694% | 27.694% | |||||
Investment in an equity investee, addition | ¥ 50,500,000 | ¥ 50,500,000 | ||||||||
Cost of investment | ¥ 101,000,000 | ¥ 101,000,000 | ¥ 101,000,000 | |||||||
Unis Tech | ||||||||||
Investment [Line Items] | ||||||||||
Equity interest, percentage | 49.00% | 49.00% | ||||||||
Investment in an equity investee, addition | ¥ 49,000,000 | |||||||||
Cost of investment | ¥ 49,000,000 | $ 7,057,000 | ¥ 49,000,000 |
Investment in Equity Investees
Investment in Equity Investees (Detail) ¥ in Thousands, $ in Thousands | 1 Months Ended | 12 Months Ended | |||||||
Dec. 31, 2013CNY (¥) | Apr. 30, 2012CNY (¥) | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | Dec. 31, 2016CNY (¥) | Jun. 30, 2016USD ($) | Jun. 30, 2016CNY (¥) | |
Schedule of Equity Method Investments [Line Items] | |||||||||
Investment in an equity investee, addition | ¥ 49,000 | ||||||||
Share equity gain, during period | $ 5,135 | 35,652 | ¥ 52,355 | ¥ (671) | |||||
Cost investment | 101,000 | ¥ 150,000 | |||||||
Accumulated, share equity gain | 49,211 | 84,863 | |||||||
Investment in equity investee | 33,827 | 150,211 | 234,863 | ||||||
Yizhuang Venture Investment Fund | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Investment in an equity investee, addition | ¥ 50,500 | ¥ 50,500 | |||||||
Share equity gain, during period | 35,937 | 52,355 | |||||||
Cost investment | 101,000 | 101,000 | 101,000 | ||||||
Accumulated, share equity gain | 49,211 | (3,144) | 85,148 | ||||||
Investment in equity investee | 26,811 | ¥ 150,211 | ¥ 97,856 | 186,148 | |||||
Unis Tech | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Investment in an equity investee, addition | 49,000 | ||||||||
Share equity gain, during period | ¥ (285) | ||||||||
Cost investment | 49,000 | $ 7,057 | ¥ 49,000 | ||||||
Accumulated, share equity gain | (285) | ||||||||
Investment in equity investee | $ 7,016 | ¥ 48,715 |
Summary of Bank Borrowings (Det
Summary of Bank Borrowings (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Debt Disclosure [Abstract] | |||
Short-term bank borrowings | $ 242,500 | ¥ 1,683,676 | ¥ 276,000 |
Long-term bank borrowings, current portion | 5,661 | 39,303 | 38,803 |
Debt, Current, Total | 248,161 | 1,722,979 | 314,803 |
Long-term bank borrowings, non-current portion | 38,632 | 268,221 | 103,421 |
Total bank borrowings | $ 286,793 | ¥ 1,991,200 | ¥ 418,224 |
Bank Borrowings - Additional In
Bank Borrowings - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | |
Schedule Of Short And Long Term Debt [Line Items] | |||
Short-term bank borrowings, weighted Average Interest rate | 4.22% | 4.22% | 5.69% |
Unused loan facilities (in RMB) or (in dollars) | $ 110,327 | ¥ 766,000 | ¥ 414,000 |
Long Term Bank Borrowings | |||
Schedule Of Short And Long Term Debt [Line Items] | |||
Long-term bank borrowings, weighted average interest rate | 5.85% | 5.85% | 6.59% |
Minimum | |||
Schedule Of Short And Long Term Debt [Line Items] | |||
Short-term bank borrowings, term | 2 months | ||
Maximum | |||
Schedule Of Short And Long Term Debt [Line Items] | |||
Short-term bank borrowings, term | 1 year |
Secured or Guaranteed Bank Borr
Secured or Guaranteed Bank Borrowings (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Debt Instrument [Line Items] | |||
Short-term borrowings | $ 242,500 | ¥ 1,683,676 | ¥ 276,000 |
Long-term bank and other borrowings (including current portion) | 307,524 | 142,224 | |
Unsecured Borrowing | |||
Debt Instrument [Line Items] | |||
Short-term borrowings | 143,676 | 215,000 | |
Long-term bank and other borrowings (including current portion) | 128,107 | 103,690 | |
Guaranteed by restricted cash | Short-term bank borrowings 1 | |||
Debt Instrument [Line Items] | |||
Short-term borrowings | 1,520,000 | 50,000 | |
Secured by a subsidiary building | Short-term bank borrowings 2 | |||
Debt Instrument [Line Items] | |||
Short-term borrowings | 11,000 | ||
Secured by a subsidiary building | Long-term bank and other borrowings, (including current portion) 2 | |||
Debt Instrument [Line Items] | |||
Long-term bank and other borrowings (including current portion) | 1,600 | 4,800 | |
Guaranteed by noncontrolling shareholder of Aipu Group | Short-term bank borrowings 2 | |||
Debt Instrument [Line Items] | |||
Short-term borrowings | 20,000 | ||
Guaranteed by noncontrolling shareholder of Aipu Group | Long-term bank and other borrowings, (including current portion) 1 | |||
Debt Instrument [Line Items] | |||
Long-term bank and other borrowings (including current portion) | 16,956 | ||
Secured by a subsidiary's computer and network equipment | Long-term bank and other borrowings, (including current portion) 3 | |||
Debt Instrument [Line Items] | |||
Long-term bank and other borrowings (including current portion) | 13,817 | ¥ 16,778 | |
Secured by a Subsidiary's Construction-in-Progress | Long-term Bank and Other Borrowings (Including Current Portion) 4 | |||
Debt Instrument [Line Items] | |||
Long-term bank and other borrowings (including current portion) | ¥ 164,000 |
Secured or Guaranteed Bank B108
Secured or Guaranteed Bank Borrowings (Parenthetical) (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Debt Instrument [Line Items] | |||
Assets pledged as collateral | $ 48,321 | ¥ 335,491 | |
Property | |||
Debt Instrument [Line Items] | |||
Assets pledged as collateral | 1,143 | 7,938 | ¥ 22,118 |
Computer and network equipment | |||
Debt Instrument [Line Items] | |||
Assets pledged as collateral | 4,538 | 31,506 | 37,167 |
Construction in Progress | |||
Debt Instrument [Line Items] | |||
Assets pledged as collateral | $ 45,839 | 318,259 | |
Short-term bank borrowings 1 | |||
Debt Instrument [Line Items] | |||
Restricted cash | 1,751,055 | 51,553 | |
Short-term bank borrowings 2 | Buildings | |||
Debt Instrument [Line Items] | |||
Assets pledged as collateral | 13,943 | ||
Long-term bank and other borrowings, (including current portion) 2 | Property | |||
Debt Instrument [Line Items] | |||
Assets pledged as collateral | 7,938 | 8,175 | |
Long-term bank and other borrowings, (including current portion) 3 | Computer and network equipment | |||
Debt Instrument [Line Items] | |||
Assets pledged as collateral | 31,506 | ¥ 37,167 | |
Long-term Bank and Other Borrowings (Including Current Portion) 4 | Construction in Progress | |||
Debt Instrument [Line Items] | |||
Assets pledged as collateral | ¥ 335,491 |
Components of Accrued Expenses
Components of Accrued Expenses and Other Payables (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Payables and Accruals [Abstract] | |||
Payroll and welfare payables | $ 35,848 | ¥ 248,895 | ¥ 193,356 |
Business and other taxes payable | 3,026 | 21,011 | 25,780 |
Payables for office supplies and utilities | 4,466 | 31,006 | 25,497 |
Payables for the purchase of property and equipment | 38,398 | 266,597 | 218,165 |
Payable for purchase intangible assets | 339 | 2,352 | 3,662 |
Accrued service fees | 10,775 | 74,812 | 68,029 |
Interest payables | 930 | 6,456 | 19,102 |
Share-settled bonuses | 10,390 | 72,138 | 41,352 |
Payable for assets acquisition | 3,639 | 25,268 | 21,080 |
Others | 5,673 | 39,381 | 21,934 |
Accrued expenses and other payables | $ 113,484 | ¥ 787,916 | ¥ 637,957 |
Future Minimum Lease Payments U
Future Minimum Lease Payments Under Non Cancellable Capital Lease Arrangements (Detail) - Dec. 31, 2016 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Capital Lease Obligations [Abstract] | ||
2,017 | $ 43,472 | ¥ 301,823 |
2,018 | 27,175 | 188,679 |
2,019 | 13,545 | 94,045 |
2,020 | 7,277 | 50,525 |
2021 and thereafter | 98,196 | 681,773 |
Total minimum lease payments | 189,665 | 1,316,845 |
Less: amount representing interest | (77,272) | (536,499) |
Present value of remaining minimum lease payments | $ 112,393 | ¥ 780,346 |
Capital Leases - Additional Inf
Capital Leases - Additional Information (Detail) | Dec. 31, 2016 | Dec. 31, 2015 |
Capital Leases | ||
Schedule of Capital Lease Obligations [Line Items] | ||
Weighted average interest rate | 9.76% | 10.03% |
Bonds Payable - Additional Info
Bonds Payable - Additional Information (Detail) $ in Thousands | Jun. 26, 2014CNY (¥) | Aug. 31, 2016USD ($) | Aug. 31, 2016CNY (¥) | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | Mar. 22, 2013CNY (¥) |
Debt Instrument [Line Items] | ||||||||
Proceeds from issuance of bonds, net | ¥ 1,980,640,000 | |||||||
Interest paid | $ 22,422 | ¥ 155,679,000 | ¥ 242,713,000 | 229,348,000 | ||||
Loss on debt extinguishment | $ (4,298) | ¥ (29,841,000) | (41,581,000) | |||||
Bonds 7.875% Due 2016 | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt instrument, face amount | ¥ 1,000,000,000 | |||||||
Debt instrument, stated rate | 7.875% | |||||||
Repurchase of Bonds | ¥ 760,607,000 | |||||||
Bonds 6.875% Due 2017 | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt instrument, face amount | ¥ 2,000,000,000 | |||||||
Debt instrument, stated rate | 6.875% | |||||||
Debt instrument, maturity date | Jun. 26, 2017 | |||||||
Debt instrument, frequency of periodic payment | Payable semi-annually in arrears on June 26 and December 26 in each year | Payable semi-annually in arrears on June 26 and December 26 in each year | ||||||
Debt instrument, date of first required payment | Dec. 26, 2014 | |||||||
Debt issuance costs | ¥ 19,360,000 | |||||||
Proceeds from issuance of bonds, net | ¥ 1,980,640,000 | |||||||
Debt instrument, effective interest rate | 7.39% | |||||||
Percentage of principal amount redeemed | 78.97% | 78.97% | ||||||
Repurchase of Bonds | $ 227,481 | ¥ 1,579,400,000 | $ 229,920 | ¥ 1,596,335,000 | ||||
Interest paid | 2,702 | 18,742,000 | ||||||
Loss on debt extinguishment | $ (4,298) | ¥ (29,841,000) |
Repayments of Principal Amounts
Repayments of Principal Amounts of Long-Term Borrowings, Including Bonds Payable, Bank and Other Borrowings (Detail) - Dec. 31, 2016 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Debt Disclosure [Abstract] | ||
2,017 | $ 308,741 | ¥ 2,143,579 |
2,018 | 10,059 | 69,841 |
2,019 | 10,569 | 73,380 |
2,020 | 6,553 | 45,500 |
2,021 | 5,617 | 39,000 |
Thereafter | $ 5,833 | ¥ 40,500 |
Deferred Government Grants - Ad
Deferred Government Grants - Additional Information (Detail) | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Deferred Government Grants | ||||
Components of Other Income (Expense) [Line Items] | ||||
Government grants received | $ 0 | ¥ 0 | ¥ 10,160,000 | ¥ 20,920,000 |
Movements of Deferred Governmen
Movements of Deferred Government Grants (Detail) - Deferred Government Grants | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Components of Other Income (Expense) [Line Items] | ||||
Balance at beginning of the year | $ 5,418,000 | ¥ 37,620,000 | ¥ 33,572,000 | ¥ 18,046,000 |
Additions | 0 | 0 | 10,160,000 | 20,920,000 |
Recognized as a reduction of depreciation expense | (954,000) | (6,627,000) | (6,112,000) | (5,394,000) |
Balance at end of the year | $ 4,464,000 | ¥ 30,993,000 | ¥ 37,620,000 | ¥ 33,572,000 |
Treasury Stock - Additional Inf
Treasury Stock - Additional Information (Detail) - American Depository Shares - shares | Mar. 05, 2014 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2016 |
Schedule of Capitalization, Equity [Line Items] | |||||
Share Repurchase Plan, shares repurchased (in shares) | 815,525 | 0 | 1,553,085 | 2,368,610 | |
Business acquisition, shares issued | 223,161 | 146,372 | 0 | ||
Managed Network Entities | Galaxy ENet Inc | |||||
Schedule of Capitalization, Equity [Line Items] | |||||
Business acquisition, shares issued | 76,048 | 76,048 |
Changes in Accumulated Other Co
Changes in Accumulated Other Comprehensive (Loss) Income by Component, Net of Tax (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | ¥ 4,034,375 | ¥ 2,226,957 | ¥ 2,475,301 | |
Other comprehensive income (loss) | $ 20,528 | 142,526 | 41,518 | 16,835 |
Ending Balance | 885,930 | 6,151,017 | 4,034,375 | 2,226,957 |
Accumulated Translation Adjustment | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | (24,236) | (65,754) | (82,589) | |
Other comprehensive income (loss) | 142,526 | 41,518 | 16,835 | |
Ending Balance | 17,037 | 118,290 | (24,236) | (65,754) |
Accumulated Other Comprehensive Income (Loss) | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | (24,236) | (65,754) | (82,589) | |
Ending Balance | 17,037 | 118,290 | (24,236) | (65,754) |
Parent | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 4,014,962 | 2,202,924 | 2,459,052 | |
Other comprehensive income (loss) | 142,526 | 41,518 | 16,835 | |
Ending Balance | $ 882,214 | ¥ 6,125,215 | ¥ 4,014,962 | ¥ 2,202,924 |
Mainland China Employee Cont118
Mainland China Employee Contribution Plan - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
PRC | ||||
Multiemployer Plans [Line Items] | ||||
Total expense for defined contribution plan | $ 18,815 | ¥ 130,630 | ¥ 89,571 | ¥ 88,102 |
Share Based Compensation - Addi
Share Based Compensation - Additional Information (Detail) $ / shares in Units, ¥ in Thousands | May 29, 2014shares | Mar. 05, 2014CNY (¥)shares | Jul. 16, 2010shares | Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2016CNY (¥)shares | Dec. 31, 2015USD ($)$ / sharesshares | Dec. 31, 2015CNY (¥)shares | Dec. 31, 2014USD ($)$ / sharesshares | Dec. 31, 2014CNY (¥)shares | Dec. 31, 2016CNY (¥)shares | Oct. 30, 2015shares |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Aggregate intrinsic value of options exercise | $ | $ 1,906,000 | $ 15,519,000 | $ 15,517,000 | ||||||||
Share based compensation expense | 17,101,000 | ¥ 118,729 | ¥ 190,027 | ¥ 233,735 | |||||||
Dermot Entities | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Share based compensation expense | 1,566,000 | 10,871 | 8,439 | ||||||||
General and Administrative Expense | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Share based compensation expense | ¥ 117,207 | $ 17,755,000 | ¥ 123,273 | ¥ 153,814 | ¥ 208,914 | ||||||
Restricted Stock Units (RSUs) | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Share based compensation, RSUs granted | 646,940 | 646,940 | |||||||||
Unrecognized share-based compensation cost | $ 2,000 | ¥ 13 | |||||||||
Unrecognized compensation costs, weighted-average recognition period | 2 months 12 days | 2 months 12 days | |||||||||
Aggregate fair value, unvested | $ 16,820,000 | 116,781 | |||||||||
Weighted-average grant-date fair value | $ / shares | $ 8.85 | $ 18.27 | $ 23.27 | ||||||||
Total fair value vested | $ | $ 14,849,000 | $ 22,801,000 | $ 9,774,000 | ||||||||
Unrecognized share-based compensation cost | $ 18,679,000 | ¥ 129,688 | |||||||||
Unrecognized compensation costs, weighted-average recognition period | 2 years | 2 years | |||||||||
Performance Based Awards | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Share based compensation, RSUs granted | 1,059,668 | 1,059,668 | 952,178 | 952,178 | 3,122,417 | 3,122,417 | |||||
Performance Based Awards | Option One | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Performance review period | 1 year | 1 year | |||||||||
Performance Based Awards | Option Two | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Performance review period | 4 years | 4 years | |||||||||
Share-settled bonuses | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Share based compensation, RSUs granted | 175,555,000 | 175,555,000 | |||||||||
American Depository Shares | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Business acquisition, shares issued | 223,161 | 223,161 | 146,372 | 146,372 | 0 | 0 | |||||
American Depository Shares | Managed Network Entities | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Issuance of new shares | 613,952 | ||||||||||
American Depository Shares | Managed Network Entities | Galaxy ENet Inc | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Business acquisition, shares issued | 76,048 | 76,048 | 76,048 | ||||||||
American Depository Shares | Fully Vested Options | Managed Network Entities | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Business acquisition, shares issued | 690,000 | ||||||||||
2010 Plan | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Share based compensation, option expiry period | 10 years | ||||||||||
Share based compensation, option outstanding | 1,987,765 | 4,180,198 | 4,180,198 | 1,987,765 | |||||||
Share based compensation, aggregate intrinsic value | $ 1,399,000 | ¥ 9,713 | |||||||||
Share based compensation, fair value of option outstanding at grant date | $ 2,643,000 | ¥ 18,350 | |||||||||
Share based compensation, weighted average grant-date fair value of option | $ / shares | $ 2 | $ 0 | $ 0 | ||||||||
Share based compensation, fair value of shares vested during the period | $ | $ 0 | $ 3,111,000 | $ 5,488,000 | ||||||||
2010 Plan | Maximum | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Share based compensation, maximum aggregate number of ordinary shares to be issued | 39,272,595 | ||||||||||
Share based compensation, option vesting period | 4 years | ||||||||||
2010 Plan | Minimum | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Share based compensation, option vesting period | 3 years | ||||||||||
2014 Plan | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Share based compensation, maximum aggregate number of ordinary shares to be issued | 20,461,380 | 39,606,817 | |||||||||
Share based compensation, option expiry period | 10 years | ||||||||||
Share based compensation arrangement by share based payment award maximum annual plan percentage increase to number of shares available for grant | 15.00% | ||||||||||
2014 Plan | Maximum | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Share based compensation, option vesting period | 4 years | ||||||||||
2014 Plan | Minimum | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Share based compensation, option vesting period | 3 years |
Summary of Employee Share Optio
Summary of Employee Share Option Activity (Detail) - 2010 Plan $ / shares in Units, ¥ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2015$ / sharesshares | Dec. 31, 2016CNY (¥)shares | |
Number of options | |||
Outstanding, beginning balance | shares | 4,180,198 | ||
Granted | shares | 2,835 | ||
Exercised (in shares) | shares | (2,195,268) | ||
Forfeited | shares | 0 | ||
Outstanding, ending balance | shares | 1,987,765 | 4,180,198 | |
Vested and expected to vest at December 31, 2016 | shares | 1,987,765 | 1,987,765 | |
Exercisable as of December 31, 2016 | shares | 1,984,930 | 1,984,930 | |
Weighted average exercise price | |||
Outstanding, beginning balance | $ / shares | $ 0.39 | ||
Granted | $ / shares | 0.85 | ||
Exercised | $ / shares | 0.30 | ||
Forfeited | $ / shares | 0 | ||
Outstanding, ending balance | $ / shares | 0.49 | $ 0.39 | |
Vested and expected to vest at December 31, 2016 | $ / shares | 0.49 | ||
Exercisable as of December 31, 2016 | $ / shares | $ 0.47 | ||
Weighted average remaining contractual term | |||
Outstanding, December 31, 2016 | 4 years 7 months 6 days | 6 years 1 month 6 days | |
Vested and expected to vest at December 31, 2016 | 4 years 7 months 6 days | ||
Exercisable as of December 31, 2016 | 4 years 6 months | ||
Aggregate intrinsic value | |||
Outstanding, December 31, 2016 | $ 1,399 | ¥ 9,713 | |
Vested and expected to vest at December 31, 2016 | $ | 1,374 | ||
Exercisable as of December 31, 2016 | $ | $ 1,387 |
Restricted Stock Units Activity
Restricted Stock Units Activity (Detail) - Restricted Stock Units (RSUs) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | ||
Number of RSUs | |||
Unvested, beginning balance | 1,773,060 | ||
Granted | 646,940 | ||
Vested | (1,159,664) | ||
Forfeited/Cancelled | [1] | (447,638) | |
Unvested, ending balance | 812,698 | 1,773,060 | |
Weighted-average grant date fair value | |||
Unvested, beginning balance (in dollars per share) | $ 19.14 | ||
Granted (in dollars per share) | 8.85 | ||
Vested (in dollars per share) | 12.80 | ||
Forfeited/Cancelled (in dollars per share) | [1] | 1.56 | |
Unvested, ending balance (in dollars per share) | $ 13.25 | $ 19.14 | |
Weighted-average remaining contractual terms (Years) | |||
Unvested, December 31, 2016 | 8 years 6 months | 8 years 7 months 6 days | |
Aggregated intrinsic value | |||
Unvested, December 31, 2016 (in dollars) | $ 16,820 | ||
[1] | Cancellation of the terms under original award in exchange for a new award which is treated as modification. |
Total Compensation Expense Reco
Total Compensation Expense Recognized Relating to Options Granted to Employees (Detail) ¥ in Thousands, $ in Thousands | Mar. 05, 2014CNY (¥) | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | |||||
Share based compensation expense | $ 17,101 | ¥ 118,729 | ¥ 190,027 | ¥ 233,735 | |
Cost of Revenues | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | |||||
Share based compensation expense | (592) | (4,110) | 12,422 | 7,163 | |
Selling and Marketing Expense | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | |||||
Share based compensation expense | 359 | 2,490 | 13,488 | 13,482 | |
General and Administrative Expense | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | |||||
Share based compensation expense | ¥ 117,207 | 17,755 | 123,273 | 153,814 | 208,914 |
Research and Development Expense | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | |||||
Share based compensation expense | $ (421) | ¥ (2,924) | ¥ 10,303 | ¥ 4,176 |
Taxation - Additional Informati
Taxation - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 1 Months Ended | 12 Months Ended | 24 Months Ended | 108 Months Ended | ||||||||||||||
Nov. 30, 2016 | Oct. 31, 2015 | Dec. 31, 2013 | Jul. 31, 2012 | Apr. 30, 2011 | Jun. 30, 2009 | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2017 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | |
Income Taxes [Line Items] | ||||||||||||||||||
Other PRC subsidiaries subject to EIT rate | 25.00% | 25.00% | 25.00% | 25.00% | ||||||||||||||
Statutory income tax rate | 25.00% | 25.00% | 25.00% | 25.00% | ||||||||||||||
Undistributed earnings from its PRC subsidiaries | $ 147,680 | $ 147,680 | ¥ 1,025,340 | |||||||||||||||
Unrecognized tax benefits | $ 4,132 | ¥ 14,492 | $ 4,132 | 28,689 | ||||||||||||||
Unrecognized tax benefits impact in the effective rate | 21,610 | |||||||||||||||||
Guangdong Tianying Information Technology Co., Ltd. ("GD Tianying") | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Preferential tax rate | 15.00% | 15.00% | 15.00% | 15.00% | ||||||||||||||
Preferential tax rate, starting period | 2,010 | |||||||||||||||||
Preferential tax rate, ending period | 2,012 | |||||||||||||||||
Statutory income tax rate | 25.00% | 25.00% | ||||||||||||||||
Guangdong Tianying Information Technology Co., Ltd. ("GD Tianying") | If HNTE Technical and Administrative Requirements has been Satisfied in the Initial Preferential Tax Rate Period | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Preferential tax rate, additional term | 3 years | |||||||||||||||||
Guangdong Gehua Network Technology and Development Co., Ltd. ("Gehua") | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Preferential tax rate | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | |||||||||||||
Preferential tax rate, starting period | 2,012 | |||||||||||||||||
Preferential tax rate, ending period | 2,014 | |||||||||||||||||
Preferential tax rate, additional term | 3 years | |||||||||||||||||
Shanghai Blue Cloud Technology Co., Ltd. ("SH Blue Cloud") | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Preferential tax rate | 15.00% | 15.00% | 15.00% | 15.00% | ||||||||||||||
Preferential tax rate, starting period | 2,015 | |||||||||||||||||
Preferential tax rate, ending period | 2,017 | |||||||||||||||||
Preferential tax rate, additional term | 3 years | |||||||||||||||||
Shenzhen Diyixian Telecommunication Co., Ltd. ("SZ DYX") | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Preferential tax rate | 15.00% | 15.00% | 15.00% | |||||||||||||||
Preferential tax rate, starting period | 2,016 | |||||||||||||||||
Preferential tax rate, ending period | 2,018 | |||||||||||||||||
Preferential tax rate, additional term | 3 years | |||||||||||||||||
Beijing 21ViaNet Broadband Data Center Co., Ltd ("21Vianet Beijing") | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Preferential tax rate | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | |||||||||||||
21Vianet (Xi'an) Information Outsourcing Industry Park Services Co., Ltd. ("Xi'an Sub") | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Preferential tax rate | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | |||||||||||||
Beijing Fastweb Technology Co., Ltd. ("Fastweb Technology") | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Preferential tax rate | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | |||||||||||||
Preferential tax rate, starting period | 2,009 | |||||||||||||||||
Preferential tax rate, ending period | 2,011 | |||||||||||||||||
Beijing Fastweb Technology Co., Ltd. ("Fastweb Technology") | If HNTE Technical and Administrative Requirements has been Satisfied in the Initial Preferential Tax Rate Period | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Preferential tax rate, additional term | 3 years | |||||||||||||||||
WiFire (Beijing) Technology Co., Ltd. (formerly known as Beijing Tianwang Online Communication Technology Co., Ltd.) (BJ Tianwang) | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Preferential tax rate | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | |||||||||||||
Preferential tax rate, starting period | 2,013 | |||||||||||||||||
Preferential tax rate, ending period | 2,015 | |||||||||||||||||
WiFire (Beijing) Technology Co., Ltd. (formerly known as Beijing Tianwang Online Communication Technology Co., Ltd.) (BJ Tianwang) | If HNTE Technical and Administrative Requirements has been Satisfied in the Initial Preferential Tax Rate Period | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Preferential tax rate, additional term | 3 years | |||||||||||||||||
Beijing iJoy Information Technology Co., Ltd. ("BJ iJoy") | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Tax holiday, exemption rate | 50.00% | 50.00% | 50.00% | 100.00% | 100.00% | |||||||||||||
Tax holiday reduction period | 3 years | 2 years | ||||||||||||||||
Beijing iJoy Information Technology Co., Ltd. ("BJ iJoy") | Scenario, Forecast | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Tax holiday, exemption rate | 50.00% | |||||||||||||||||
SC Aipu and Yunnan Aipu Network Technology Co., Ltd. ("YN Aipu") | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Preferential tax rate | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | ||||||||||||
PRC | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Other PRC subsidiaries subject to EIT rate | 25.00% | 25.00% | 25.00% | |||||||||||||||
Income tax rate on PRC tax resident enterprises | 25.00% | 25.00% | ||||||||||||||||
Net tax operating losses from PRC subsidiaries (in RMB) | $ 112,140 | $ 112,140 | 778,587 | |||||||||||||||
Interest expense (in RMB) | 400 | ¥ 2,779 | ¥ (1,082) | ¥ (556) | ||||||||||||||
Accumulated interest expense (in RMB) | $ 787 | ¥ 2,690 | $ 787 | ¥ 5,469 | ||||||||||||||
PRC | Minimum | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Net tax operating losses expiration year | 2,017 | 2,017 | ||||||||||||||||
PRC | Maximum | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Net tax operating losses expiration year | 2,021 | 2,021 | ||||||||||||||||
HONG KONG | 21Vianet Hong Kong Entities | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Income tax rate | 16.50% | 16.50% | 16.50% | 16.50% | ||||||||||||||
TAIWAN | DYX Taiwan | ||||||||||||||||||
Income Taxes [Line Items] | ||||||||||||||||||
Income tax rate | 17.00% | 17.00% | 17.00% | 17.00% |
Profit or Loss Before Income Ta
Profit or Loss Before Income Taxes (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Schedule of Income Before Income Tax [Line Items] | ||||
Profit (loss) from continuing operations before income taxes | $ (135,831) | ¥ (943,082) | ¥ (353,445) | ¥ (311,804) |
Non-PRC | ||||
Schedule of Income Before Income Tax [Line Items] | ||||
Profit (loss) from continuing operations before income taxes | (22,377) | (155,364) | (256,279) | (485,539) |
PRC | ||||
Schedule of Income Before Income Tax [Line Items] | ||||
Profit (loss) from continuing operations before income taxes | $ (113,454) | ¥ (787,718) | ¥ (97,166) | ¥ 173,735 |
Income Tax (Expense) Benefits (
Income Tax (Expense) Benefits (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Income Tax Disclosure [Abstract] | ||||
Current | $ (7,889) | ¥ (54,772) | ¥ (68,092) | ¥ (45,401) |
Deferred | 9,496 | 65,932 | 20,262 | 28,728 |
Income tax (expense) benefits | $ 1,607 | ¥ 11,160 | ¥ (47,830) | ¥ (16,673) |
Reconciliation Tax Computed App
Reconciliation Tax Computed Applying Statutory Income Tax Rate (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Income Tax Disclosure [Abstract] | ||||
Loss before income taxes | $ (135,831) | ¥ (943,082) | ¥ (353,445) | ¥ (311,804) |
Income tax benefit computed at applicable tax rates (25%) | 33,958 | 235,770 | 88,361 | 77,951 |
Non-deductible expenses | (2,392) | (16,610) | (19,216) | (6,095) |
Research and development expenses | 1,119 | 7,766 | 6,871 | 6,879 |
Effect of tax holidays | 244 | 1,691 | 2,743 | 6,305 |
Preferential rate | (1,593) | (11,060) | 6,183 | 20,049 |
Current and deferred tax rate differences | (219) | (1,521) | (2,876) | (8,553) |
International rate differences | (7,402) | (51,392) | (90,773) | (108,066) |
Tax exempted income | 1,423 | 9,878 | 2,118 | |
Unrecognized tax benefits | (2,092) | (14,525) | (529) | 3,872 |
Deferred tax expense | 218 | 1,516 | (387) | (3,109) |
Change in valuation allowance | (22,861) | (158,724) | (36,529) | (7,704) |
Prior year provision to return true up | 1,204 | 8,371 | (1,678) | (320) |
Income tax (expense) benefits | $ 1,607 | ¥ 11,160 | ¥ (47,830) | ¥ (16,673) |
Reconciliation Tax Computed 127
Reconciliation Tax Computed Applying Statutory Income Tax Rate (Parenthetical) (Detail) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Income Tax Disclosure [Abstract] | |||
Statutory income tax rate | 25.00% | 25.00% | 25.00% |
Tax Holiday Benefit Per Basic a
Tax Holiday Benefit Per Basic and Diluted Earnings per share (Detail) | 12 Months Ended | |||
Dec. 31, 2016$ / shares | Dec. 31, 2016¥ / shares | Dec. 31, 2015¥ / shares | Dec. 31, 2014¥ / shares | |
Income Tax Disclosure [Abstract] | ||||
Basic | (per share) | $ 0 | ¥ 0.003 | ¥ 0.006 | ¥ 0.016 |
Diluted | (per share) | $ 0 | ¥ 0.003 | ¥ 0.006 | ¥ 0.016 |
Significant Components of Defer
Significant Components of Deferred Taxes (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Current | |||
Allowance for doubtful debt | $ 3,633 | ¥ 25,224 | ¥ 7,533 |
Accrued salary and welfare | 4,355 | 30,236 | 22,843 |
Accrued expenses | 570 | 3,955 | 4,474 |
Property and equipment | 232 | 1,612 | 1,487 |
Deferred government grant-current | 29 | 201 | 321 |
Valuation allowance | (2,574) | (17,866) | (5,545) |
Net current deferred tax assets | 6,245 | 43,362 | 31,113 |
Non-current | |||
Tax losses | 29,164 | 202,485 | 46,283 |
Property and equipment | 1,942 | 13,486 | 18,783 |
Intangible assets | 181 | 1,254 | 1,772 |
Capital lease | 3,365 | 23,364 | 15,061 |
Deferred government grant-non-current | 677 | 4,700 | 5,259 |
Depreciation and amortization generated from acquisitions | 842 | 5,849 | 7,163 |
Valuation allowance | (27,916) | (193,824) | (47,421) |
Net non-current deferred tax assets | 8,255 | 57,314 | 46,900 |
Total deferred tax assets | 14,500 | 100,676 | 78,013 |
Non-current | |||
Intangible assets | 21,317 | 148,003 | 204,236 |
Property and equipment | 13,350 | 92,687 | 69,038 |
Capitalized interest expense | 1,698 | 11,789 | 6,700 |
Gain generated from equity method investments | 3,200 | 22,221 | 13,238 |
Total non-current deferred tax liabilities | $ 39,565 | ¥ 274,700 | ¥ 293,212 |
Unrecognized Tax Benefits (Deta
Unrecognized Tax Benefits (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | |
Income Tax Disclosure [Abstract] | |||
Balance at beginning of year | $ 1,700 | ¥ 11,802 | ¥ 16,682 |
Reversal based on tax positions related to prior years | (37) | (258) | (11,144) |
Additions based on tax positions related to the current year | 1,682 | 11,676 | 6,264 |
Balance at end of year | $ 3,345 | ¥ 23,220 | ¥ 11,802 |
Related Party Transactions - Ad
Related Party Transactions - Additional Information (Detail) | Dec. 31, 2016 |
Economic Interests | |
Related Party Transaction [Line Items] | |
Common shareholders' ownership interests | 5.89% |
Voting Power | |
Related Party Transaction [Line Items] | |
Common shareholders' ownership interests | 15.42% |
aBitCool Incorporated | |
Related Party Transaction [Line Items] | |
Common shareholders' ownership interests | 90.14% |
Related Party Transactions (Det
Related Party Transactions (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | Dec. 31, 2016CNY (¥) | |
Related Party Transaction [Line Items] | |||||
Related party transaction, loans | $ 17,561 | ¥ 397,588 | ¥ 121,928 | ||
Xiaomi Communication Technology Limited | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 16,341 | ¥ 113,458 | 27,144 | ||
Beijing Kingsoft Cloud Network Technology Limited | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans | 159 | 1,105 | |||
Beijing Kingsoft Cloud Network Technology Limited | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 2,804 | 19,471 | 7,969 | ||
Beijing Kingsoft Cloud Network Technology Limited | Services | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 151 | 1,045 | |||
Beijing Xiaomi Mobile Software Limited | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 1,684 | 11,689 | 275 | ||
Beijing Cheetah Mobile Technology Limited | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans | 22 | ||||
Beijing Cheetah Mobile Technology Limited | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 1,365 | 9,478 | 6,712 | ||
Chengdu Xishanju Shiyou Technology Limited | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 334 | 2,320 | 3,379 | ||
Taiwan Xiaomi Communication Technology Limited | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 13 | 93 | 91 | ||
Upwise Investment Limited | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans | 41 | ||||
Upwise Investment Limited | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 204 | ¥ 143 | |||
Upwise Investment Limited | Services | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 253 | 97 | |||
Dyxnet Corporate Service Limited | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans | 894 | ||||
Related party transaction, management service provided | 16,602 | 8,949 | |||
Dyxnet Corporate Service Limited | Equipment and Property | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, purchase of equipment | 330 | ||||
Dyxnet Corporate Service Limited | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 73 | 18 | |||
Dyxnet Corporate Service Limited | Services | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 9,259 | 587 | |||
Dyxnet Internet Center Limited | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans | 2 | 789 | 11 | ||
Dyxnet Internet Center Limited | Equipment and Property | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, purchase of equipment | 443 | 3,079 | |||
Dyxnet Internet Center Limited | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 508 | ||||
Dyxnet Internet Center Limited | Services | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 1,016 | 7,053 | 10,764 | 4,106 | |
Dyxnet Data Centre Services Limited | Services | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 1,567 | 10,883 | |||
WNT Technology Limited | Services | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 306 | 2,125 | |||
Suzhou Youpusi Information Technology Limited | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans | 96 | 667 | |||
Suzhou Youpusi Information Technology Limited | Equipment and Property | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, purchase of equipment | 203 | ¥ 1,410 | 3,577 | 80,059 | |
Chengdu Xingpu Investment Management Limited | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans | 6 | 1,000 | 43 | ||
Chengdu Xingpu Investment Management Limited | Equipment and Property | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, purchase of equipment | 37,101 | ||||
Seller of Aipu Group | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans provided | 98,500 | ||||
Related party transaction, loans | 4,321 | 76,666 | 30,000 | ||
Bitcool Media | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans provided | 22,792 | ||||
Related party transaction, repayment of loans | 35,380 | ||||
Related party transaction, Receipt of interest income from loan | 1,553 | ||||
Related party transaction, interest income from loan | ¥ 1,211 | ¥ 956 | |||
CD Guotao | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans | $ 502 | ¥ 3,483 |
Related Party Balances (Detail)
Related Party Balances (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Amounts due from related parties current: | |||
Amount due from related parties current | $ 26,302 | ¥ 182,615 | ¥ 105,137 |
Amount due from related parties non-current: | |||
Amount due from related parties non-current | 70,000 | ||
Amount due to related parties current | |||
Amount due to related parties current | 17,561 | 121,928 | 397,588 |
Amount due to related parties non-current: | |||
Amount due to related parties non-current | 27,384 | ||
Seller of Aipu Group | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 14,187 | 98,500 | 28,500 |
Amount due from related parties non-current: | |||
Amount due from related parties non-current | 70,000 | ||
Amount due to related parties current | |||
Amount due to related parties current | 4,321 | 30,000 | 76,666 |
Amount due to related parties non-current: | |||
Amount due to related parties non-current | 11,034 | ||
Seller of iJoy | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 3,997 | 27,748 | 25,974 |
Amount due to related parties current | |||
Amount due to related parties current | 5,492 | 38,131 | 61,436 |
Xiaomi Communication Technology Limited | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 3,237 | 22,473 | 9,367 |
Chengdu Xingpu Investment Management Limited | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 1,795 | 12,466 | |
Amount due to related parties current | |||
Amount due to related parties current | 6 | 43 | 1,000 |
Shanghai Shibei Hi-Tech Co., Ltd. | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 1,411 | 9,800 | 9,800 |
Beijing Cheetah Mobile Technology Limited | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 688 | 4,776 | 2,590 |
Amount due to related parties current | |||
Amount due to related parties current | 22 | ||
Beijing Kingsoft Cloud Network Technology Limited | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 557 | 3,864 | 3,561 |
Amount due to related parties current | |||
Amount due to related parties current | 159 | 1,105 | |
Beijing Xiaomi Mobile Software Limited | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 235 | 1,631 | |
Suzhou Youpusi Information Technology Limited | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 118 | 817 | 863 |
Amount due to related parties current | |||
Amount due to related parties current | 96 | 667 | |
Chengdu Xishanju Shiyou Technology Limited | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 37 | 256 | 1,469 |
Taiwan Xiaomi Communication Technology Limited | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 20 | ||
Bitcool Media | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 22,605 | ||
Upwise Investment Limited | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 327 | ||
Amount due to related parties current | |||
Amount due to related parties current | 41 | ||
Dyxnet Corporate Service Limited | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 61 | ||
Amount due to related parties current | |||
Amount due to related parties current | 894 | ||
Others | |||
Amounts due from related parties current: | |||
Amount due from related parties current | 40 | 284 | |
Amount due to related parties current | |||
Amount due to related parties current | 53 | 372 | |
Seller of the Managed Network Entities | |||
Amount due to related parties current | |||
Amount due to related parties current | 6,878 | 47,755 | 47,755 |
CD Guotao | |||
Amount due to related parties current | |||
Amount due to related parties current | 502 | 3,483 | |
Xiaomi Technology Limited | |||
Amount due to related parties current | |||
Amount due to related parties current | 52 | 361 | 210 |
Dyxnet Internet Center Limited | |||
Amount due to related parties current | |||
Amount due to related parties current | $ 2 | ¥ 11 | 789 |
Seller of WiFire BJ and Yilong | |||
Amount due to related parties current | |||
Amount due to related parties current | 2,970 | ||
Seller Of Dermot Entities | |||
Amount due to related parties current | |||
Amount due to related parties current | 205,800 | ||
Chengdu Kingsoft Digital Entertainment Technology Limited | |||
Amount due to related parties current | |||
Amount due to related parties current | 5 | ||
Seller of Tianying | |||
Amount due to related parties non-current: | |||
Amount due to related parties non-current | ¥ 16,350 |
Segment Reporting - Additional
Segment Reporting - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2016Segment | |
Segment Reporting [Abstract] | |
Number of segments | 2 |
Summary of Operating Segment Re
Summary of Operating Segment Results (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Segment Reporting Information [Line Items] | ||||
Group consolidated revenue | $ 524,525 | ¥ 3,641,774 | ¥ 3,634,372 | ¥ 2,876,447 |
Operating profit (loss) | (121,013) | (840,196) | (284,233) | (114,700) |
Operating Segments | Hosting and Related Services | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 384,366 | 2,668,655 | 2,369,223 | 1,505,233 |
Operating profit (loss) | 6,352 | 44,101 | (64,658) | 9,882 |
Operating Segments | Managed Network Services | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 140,159 | 973,119 | 1,265,149 | 1,371,214 |
Operating profit (loss) | $ (127,365) | ¥ (884,297) | ¥ (219,575) | ¥ (124,582) |
Restricted Net Asset - Addition
Restricted Net Asset - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015CNY (¥) | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | |
Statutory Accounting Practices [Line Items] | |||
Statutory reserves | ¥ 63,174 | $ 9,308 | ¥ 64,622 |
Percentage of reserve appropriation of after tax income | 10.00% | ||
Restricted net asset, PRC generally accepted accounting principles (in RMB) or (in dollars) | 607,493 | 4,217,827 | |
PRC | |||
Statutory Accounting Practices [Line Items] | |||
Statutory reserves | ¥ 63,174 | $ 9,308 | ¥ 64,622 |
PRC | Minimum | |||
Statutory Accounting Practices [Line Items] | |||
Minimum required Percentage of annual after-tax profit to the general statutory reserve | 10.00% | 10.00% | |
PRC | Maximum | |||
Statutory Accounting Practices [Line Items] | |||
Maximum requirement of each of the Entity's PRC Subsidiaries' after-tax profits to be allocated to a general reserve fund as a percentage of each Subsidiaries' registered capital | 50.00% | 50.00% |
Basic and Diluted Loss Per Shar
Basic and Diluted Loss Per Share (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2016CNY (¥)¥ / sharesshares | Dec. 31, 2015CNY (¥)¥ / sharesshares | Dec. 31, 2014CNY (¥)¥ / sharesshares | |
Numerator: | ||||
Net loss | $ (134,224) | ¥ (931,922) | ¥ (401,275) | ¥ (328,477) |
Net (profit) loss attributable to noncontrolling interest and redeemable noncontrolling interest | 42,968 | 298,324 | (26,824) | (20,003) |
Net loss attributable to the Company's ordinary shareholders | (91,256) | (633,598) | (428,099) | (348,480) |
Plus: (Increase) decrease in accretion of redeemable noncontrolling interests | (30,316) | (210,485) | 7,850 | (7,850) |
Adjusted net loss attributable to ordinary shareholders | $ (121,572) | ¥ (844,083) | ¥ (420,249) | ¥ (356,330) |
Denominator: | ||||
Weighted-average number of shares outstanding - basic (in shares) | 617,169,833 | 617,169,833 | 492,065,239 | 401,335,788 |
Weighted-average number of shares outstanding - diluted (in shares) | 617,169,833 | 617,169,833 | 492,065,239 | 401,335,788 |
Loss per share-Basic: | ||||
Net loss | (per share) | $ (0.20) | ¥ (1.37) | ¥ (0.85) | ¥ (0.89) |
Basic (in per share) | (per share) | (0.20) | (1.37) | (0.85) | (0.89) |
Loss per share-Diluted: | ||||
Net loss | (per share) | (0.20) | (1.37) | (0.85) | (0.89) |
Diluted (in per share) | (per share) | $ (0.20) | ¥ (1.37) | ¥ (0.85) | ¥ (0.89) |
Earnings (Loss) Per Share - Add
Earnings (Loss) Per Share - Additional Information (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2013 | |
Earnings Per Share [Abstract] | |||
Shares issued to depository bank (in shares) | 4,500,000 | 7,200,000 | 6,000,000 |
Share Capital - Additional Info
Share Capital - Additional Information (Detail) $ / shares in Units, ¥ in Thousands, $ in Thousands | 1 Months Ended | 12 Months Ended | |||||||
May 31, 2016$ / sharesshares | May 31, 2014USD ($)$ / sharesshares | Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2016CNY (¥)shares | Dec. 31, 2015USD ($)shares | Dec. 31, 2015CNY (¥)shares | Dec. 31, 2014shares | Dec. 31, 2016CNY (¥)shares | Oct. 31, 2010sharesVote | |
Class of Stock [Line Items] | |||||||||
Proceeds from issuance of ordinary shares | $ 367,088 | ¥ 2,548,695 | ¥ 1,808,498 | ||||||
Kingsoft | |||||||||
Class of Stock [Line Items] | |||||||||
Proceeds from issuance of ordinary shares | $ | $ 172,012 | ||||||||
Xiaomi | |||||||||
Class of Stock [Line Items] | |||||||||
Proceeds from issuance of ordinary shares | $ | 50,000 | ||||||||
Esta Investments | |||||||||
Class of Stock [Line Items] | |||||||||
Proceeds from issuance of ordinary shares | $ | $ 74,004 | ||||||||
Share Capital before Increase | |||||||||
Class of Stock [Line Items] | |||||||||
Ordinary shares | $ | $ 7,700 | ||||||||
Share Capital after Increase | |||||||||
Class of Stock [Line Items] | |||||||||
Ordinary shares | $ | $ 15,000 | ||||||||
Class A Ordinary Shares | |||||||||
Class of Stock [Line Items] | |||||||||
Ordinary shares | $ 4 | ¥ 30 | ¥ 33 | ||||||
Ordinary shares, shares authorized (in shares) | 1,200,000,000 | 1,200,000,000 | 1,200,000,000 | ||||||
Ordinary shares, par value (in dollars per share) | $ / shares | $ 0.00001 | ||||||||
Entitled vote per ordinary share | Vote | 1 | ||||||||
Business acquisition, shares issued | 10,087,476 | 2,666,898 | |||||||
Class A Ordinary Shares | Galaxy ENet Inc | |||||||||
Class of Stock [Line Items] | |||||||||
Business acquisition, shares issued | 3,683,712 | ||||||||
Class A Ordinary Shares | Kingsoft | |||||||||
Class of Stock [Line Items] | |||||||||
Issuance of new shares | 39,087,125 | 39,087,125 | |||||||
Class A Ordinary Shares | Xiaomi | |||||||||
Class of Stock [Line Items] | |||||||||
Issuance of new shares | 6,142,410 | 6,142,410 | |||||||
Class A Ordinary Shares | Esta Investments | |||||||||
Class of Stock [Line Items] | |||||||||
Issuance of new shares | 24,668,022 | 24,668,022 | |||||||
Class A Ordinary Shares | Tuspark Innovation Venture Limited | |||||||||
Class of Stock [Line Items] | |||||||||
Business acquisition, shares issued | 31,996,874 | ||||||||
Shares subscription price | $ / shares | $ 2.712 | ||||||||
Class A Ordinary Shares | Share Capital before Increase | |||||||||
Class of Stock [Line Items] | |||||||||
Ordinary shares, shares authorized (in shares) | 470,000,000 | ||||||||
Ordinary shares, par value (in dollars per share) | $ / shares | $ 0.00001 | ||||||||
Class A Ordinary Shares | Share Capital after Increase | |||||||||
Class of Stock [Line Items] | |||||||||
Ordinary shares, shares authorized (in shares) | 1,200,000,000 | ||||||||
Ordinary shares, par value (in dollars per share) | $ / shares | $ 0.00001 | ||||||||
Class A Ordinary Shares | Additional Share Capital after Increase | |||||||||
Class of Stock [Line Items] | |||||||||
Ordinary shares, par value (in dollars per share) | $ / shares | $ 0.00001 | ||||||||
Ordinary shares, additional shares authorized (in shares) | 730,000,000 | ||||||||
Class B Ordinary Shares | |||||||||
Class of Stock [Line Items] | |||||||||
Ordinary shares | $ 2 | ¥ 4 | ¥ 12 | ||||||
Ordinary shares, shares authorized (in shares) | 300,000,000 | 300,000,000 | 300,000,000 | ||||||
Ordinary shares, par value (in dollars per share) | $ / shares | $ 0.00001 | ||||||||
Entitled vote per ordinary share | Vote | 10 | ||||||||
Conversion ratio, Class B ordinary share into Class A Ordinary Share | 1 | ||||||||
Class B Ordinary Shares | Kingsoft | |||||||||
Class of Stock [Line Items] | |||||||||
Issuance of new shares | 18,250,268 | 18,250,268 | |||||||
Class B Ordinary Shares | Xiaomi | |||||||||
Class of Stock [Line Items] | |||||||||
Issuance of new shares | 10,524,257 | 10,524,257 | |||||||
Class B Ordinary Shares | Tuspark Innovation Venture Limited | |||||||||
Class of Stock [Line Items] | |||||||||
Business acquisition, shares issued | 111,053,390 | ||||||||
Shares subscription price | $ / shares | $ 2.712 | ||||||||
Class B Ordinary Shares | Share Capital before Increase | |||||||||
Class of Stock [Line Items] | |||||||||
Ordinary shares, shares authorized (in shares) | 300,000,000 | ||||||||
Ordinary shares, par value (in dollars per share) | $ / shares | $ 0.00001 | ||||||||
Class B Ordinary Shares | Share Capital after Increase | |||||||||
Class of Stock [Line Items] | |||||||||
Ordinary shares, shares authorized (in shares) | 300,000,000 | ||||||||
Ordinary shares, par value (in dollars per share) | $ / shares | $ 0.00001 | ||||||||
American Depository Shares | |||||||||
Class of Stock [Line Items] | |||||||||
Business acquisition, shares issued | 223,161 | 223,161 | 146,372 | 146,372 | 0 | ||||
American Depository Shares | Tuspark Innovation Venture Limited | |||||||||
Class of Stock [Line Items] | |||||||||
Shares subscription price | $ / shares | $ 16.274 |
Redeemable Noncontrolling In140
Redeemable Noncontrolling Interests (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Noncontrolling Interest [Abstract] | ||||
Beginning Balance | $ 113,817 | ¥ 790,229 | ¥ 773,706 | |
Acquisition of Aipu Group (Note 4) | ¥ 748,040 | |||
Current profit (loss) | (43,312) | (300,714) | 24,373 | 17,816 |
Increase (decrease) in accretion of redeemable noncontrolling interests | 30,316 | 210,485 | (7,850) | 7,850 |
Ending Balance | $ 100,821 | ¥ 700,000 | ¥ 790,229 | ¥ 773,706 |
Assets and Liabilities Measured
Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | $ 125,948 | ¥ 874,456 | ¥ 876,620 |
Liabilities measured at fair value on recurring basis | 80,143 | 556,432 | 2,707,352 |
Available-for-sales Investments | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 1,141 | 7,921 | 2,597 |
Share-settled bonuses | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | 5,405 | 37,526 | 41,352 |
Redeemable Noncontrolling Interest | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | 100,000 | ||
Liability Classified RSU | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | 4,985 | 34,612 | |
Bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | 60,276 | 418,497 | 2,193,744 |
Bank Time Deposits | Short-term investments | Held-to-maturity securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 40,033 | 277,946 | |
Floating Rate Principal Unguaranteed Investments | Short-term investments | Held-to-maturity securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 102,300 | ||
Cash equivalents | Bank Time Deposits | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 84,774 | 588,589 | 771,723 |
Due to related parties | Business Acquisition Contingent Consideration | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | 9,477 | 65,797 | 372,256 |
Quoted prices in active markets for identical assets and liabilities (Level 1) | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 866,535 | 771,723 | |
Liabilities measured at fair value on recurring basis | 418,497 | 2,193,744 | |
Quoted prices in active markets for identical assets and liabilities (Level 1) | Bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | $ 60,276 | 418,497 | 2,193,744 |
Quoted prices in active markets for identical assets and liabilities (Level 1) | Bank Time Deposits | Short-term investments | Held-to-maturity securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 277,946 | ||
Quoted prices in active markets for identical assets and liabilities (Level 1) | Cash equivalents | Bank Time Deposits | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 588,589 | 771,723 | |
Significant other observable inputs (Level 2) | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 102,300 | ||
Significant other observable inputs (Level 2) | Floating Rate Principal Unguaranteed Investments | Short-term investments | Held-to-maturity securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 102,300 | ||
Unobservable inputs (Level 3) | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 7,921 | 2,597 | |
Liabilities measured at fair value on recurring basis | 137,935 | 513,608 | |
Unobservable inputs (Level 3) | Available-for-sales Investments | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 7,921 | 2,597 | |
Unobservable inputs (Level 3) | Share-settled bonuses | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | 37,526 | 41,352 | |
Unobservable inputs (Level 3) | Redeemable Noncontrolling Interest | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | 100,000 | ||
Unobservable inputs (Level 3) | Liability Classified RSU | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | 34,612 | ||
Unobservable inputs (Level 3) | Due to related parties | Business Acquisition Contingent Consideration | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | ¥ 65,797 | ¥ 372,256 |
Reconciliation of Liabilities M
Reconciliation of Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs Level Three (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | |
Business Acquisition Contingent Consideration | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning Balance | ¥ 372,256 | ¥ 548,017 | |
Changes in the fair value | (93,307) | 43,325 | |
Ending Balance | $ 9,477 | 65,797 | 372,256 |
Business Acquisition Contingent Consideration | Payment of cash consideration | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Payment of cash consideration | (2,617) | (4,543) | |
Business Acquisition Contingent Consideration | Reclassification to equity upon resolution of contingencies | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Reclassification to equity upon resolution of contingencies | (210,535) | (214,543) | |
Share-settled bonuses | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning Balance | 41,352 | 14,913 | |
Increase in bonuses settled in shares during 2015 | 37,678 | 41,146 | |
Changes in the fair value | (5,319) | 5,683 | |
Reclassification to equity | (15,890) | (19,072) | |
Reclassification to "Accrued expenses and other payables-Others" | (1,318) | ||
Bonuses settled in cash during 2016 | (20,295) | ||
Ending Balance | 5,405 | 37,526 | 41,352 |
Redeemable Noncontrolling Interest | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning Balance | 100,000 | ||
Transfers in and/or out of Level 3 | (100,000) | ||
Ending Balance | ¥ 100,000 | ||
Liability Classified RSU | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Increase in liability classified RSU | 36,834 | ||
Reclassification to equity | (2,222) | ||
Ending Balance | $ 4,985 | ¥ 34,612 |
Capital Commitments (Detail)
Capital Commitments (Detail) - Dec. 31, 2016 - Capital Commitments - Computer and Network Equipment and Construction in Progress ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Long-term Purchase Commitment [Line Items] | ||
2,017 | $ 20,284 | ¥ 140,834 |
2,018 | 4,829 | 33,531 |
2,019 | 2,004 | 13,916 |
Purchase Obligation, Total | $ 27,117 | ¥ 188,281 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2012CNY (¥) | |
Commitments and Contingencies [Line Items] | ||||||
Operating leases in PRC, Hongkong and United States, total rental expenses | $ 13,520 | ¥ 93,869 | ¥ 92,520 | ¥ 56,247 | ||
Fair value of contingent consideration | ¥ 16,350 | ¥ 47,755 | ||||
Noncurrent Liability | ||||||
Commitments and Contingencies [Line Items] | ||||||
Accrual for unrecognized tax benefits and interest | $ 4,132 | ¥ 28,689 |
Future Minimum Lease Payment145
Future Minimum Lease Payments Under Non Cancelable Operating Leases (Detail) - Dec. 31, 2016 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | ||
2,017 | $ 17,940 | ¥ 124,557 |
2,018 | 11,141 | 77,354 |
2,019 | 7,130 | 49,505 |
2,020 | 5,183 | 35,985 |
2021 and thereafter | 22,705 | 157,641 |
Operating Leases, Future Minimum Payments Due, Total | $ 64,099 | ¥ 445,042 |
Purchase Commitments (Detail)
Purchase Commitments (Detail) - Dec. 31, 2016 - Purchase Commitments - Bandwidth and Cabinet Capacity ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Long-term Purchase Commitment [Line Items] | ||
2,017 | $ 164,388 | ¥ 1,141,347 |
2,018 | 7,052 | 48,959 |
2,019 | 5,380 | 37,352 |
2,020 | 5,087 | 35,317 |
2021 and thereafter | 13,955 | 96,891 |
Purchase Obligation, Total | $ 195,862 | ¥ 1,359,866 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) - Subsequent Event $ in Millions | 1 Months Ended |
Mar. 31, 2017USD ($) | |
Internet Data Center Services | |
Subsequent Event [Line Items] | |
Joint venture value | $ 300 |
Equity interest percentage by parent | 51.00% |
Warburg Pincus | |
Subsequent Event [Line Items] | |
Equity interest percentage | 49.00% |
Condensed Balance Sheets (Detai
Condensed Balance Sheets (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015USD ($) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | Dec. 31, 2013CNY (¥) |
Current assets | ||||||
Cash | $ 186,867 | ¥ 1,297,418 | $ 242,698 | ¥ 1,685,054 | ¥ 644,415 | ¥ 1,458,856 |
Restricted cash | 282,812 | 1,963,561 | 195,230 | |||
Short-term investments | 40,033 | 277,946 | 102,300 | |||
Prepaid expenses and other current assets | 111,930 | 777,131 | 642,553 | |||
Amount due from a related party | 26,302 | 182,615 | 105,137 | |||
Total current assets | 749,233 | 5,201,923 | 3,469,034 | |||
Non-current assets | ||||||
Amount due from a related party | 70,000 | |||||
Other non-current assets | 21,216 | 147,302 | 183,868 | |||
Total non-current assets | 1,039,838 | 7,219,601 | 7,378,676 | |||
Total assets | 1,789,071 | 12,421,524 | 10,847,710 | |||
Current liabilities: | ||||||
Accrued expenses and other payables | 113,484 | 787,916 | 637,957 | |||
Short-term bank borrowings | 242,500 | 1,683,676 | 276,000 | |||
Interest payable | 930 | 6,456 | 19,102 | |||
Amount due to related parties | 17,561 | 121,928 | 397,588 | |||
Bonds payable | 60,394 | 419,316 | 263,365 | |||
Total current liabilities | 629,967 | 4,373,857 | 2,821,019 | |||
Non-current liabilities | ||||||
Amount due to related parties | 27,384 | |||||
Bonds payable | 1,984,685 | |||||
Total non-current liabilities | 172,353 | 1,196,650 | 3,202,087 | |||
Total liabilities | 802,320 | 5,570,507 | 6,023,106 | |||
Shareholders' equity: | ||||||
Additional paid-incapital | 1,298,551 | 9,015,846 | 6,403,117 | |||
Accumulated other comprehensive (loss) income | 17,037 | 118,290 | (24,236) | |||
Accumulated deficit | (413,226) | (2,869,031) | (2,233,985) | |||
Treasury stock | (29,462) | (204,557) | (193,142) | |||
Total 21Vianet Group, Inc. shareholders' equity | 882,214 | 6,125,215 | 4,014,962 | |||
Total liabilities, redeemable noncontrolling interests and shareholders' equity | 1,789,071 | 12,421,524 | 10,847,710 | |||
Parent Company | ||||||
Current assets | ||||||
Cash | 85,967 | 596,871 | $ 114,965 | 798,200 | ¥ 3,891 | ¥ 590,682 |
Restricted cash | 253,453 | 1,759,726 | ||||
Short-term investments | 40,033 | 277,946 | ||||
Prepaid expenses and other current assets | 14,874 | 103,271 | 66,287 | |||
Amount due from a related party | 14,079 | 97,748 | 25,974 | |||
Amount due from subsidiaries | 462,137 | 3,208,620 | 3,153,413 | |||
Total current assets | 870,543 | 6,044,182 | 4,043,874 | |||
Non-current assets | ||||||
Investments in subsidiaries | 307,251 | 2,133,242 | 2,565,783 | |||
Amount due from a related party | 70,000 | |||||
Other non-current assets | 6,123 | |||||
Total non-current assets | 307,251 | 2,133,242 | 2,641,906 | |||
Total assets | 1,177,794 | 8,177,424 | 6,685,780 | |||
Current liabilities: | ||||||
Accrued expenses and other payables | 5,560 | 38,599 | 14,826 | |||
Short-term bank borrowings | 216,045 | 1,500,000 | ||||
Account payables | 1,537 | 10,672 | 5,929 | |||
Interest payable | 829 | 5,759 | 7,829 | |||
Amount due to related parties | 9,813 | 68,131 | 346,872 | |||
Amount due to subsidiaries | 1,402 | 9,732 | 3,728 | |||
Bonds payable | 60,394 | 419,316 | 264,250 | |||
Total current liabilities | 295,580 | 2,052,209 | 643,434 | |||
Non-current liabilities | ||||||
Amount due to related parties | 27,384 | |||||
Bonds payable | 2,000,000 | |||||
Total non-current liabilities | 2,027,384 | |||||
Total liabilities | 295,580 | 2,052,209 | 2,670,818 | |||
Shareholders' equity: | ||||||
Additional paid-incapital | 1,298,551 | 9,015,846 | 6,403,117 | |||
Accumulated other comprehensive (loss) income | 17,037 | 118,290 | (24,236) | |||
Accumulated deficit | (403,918) | (2,804,409) | (2,170,811) | |||
Treasury stock | (29,462) | (204,557) | (193,142) | |||
Total 21Vianet Group, Inc. shareholders' equity | 882,214 | 6,125,215 | 4,014,962 | |||
Total liabilities, redeemable noncontrolling interests and shareholders' equity | 1,177,794 | 8,177,424 | 6,685,780 | |||
Class A Ordinary Shares | ||||||
Shareholders' equity: | ||||||
Ordinary shares | 4 | 33 | 30 | |||
Class A Ordinary Shares | Parent Company | ||||||
Shareholders' equity: | ||||||
Ordinary shares | 4 | 33 | 30 | |||
Class B Ordinary Shares | ||||||
Shareholders' equity: | ||||||
Ordinary shares | 2 | 12 | 4 | |||
Class B Ordinary Shares | Parent Company | ||||||
Shareholders' equity: | ||||||
Ordinary shares | $ 2 | ¥ 12 | ¥ 4 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parenthetical) (Detail) - $ / shares | Dec. 31, 2016 | Dec. 31, 2015 |
Class A Ordinary Shares | ||
Condensed Financial Statements, Captions [Line Items] | ||
Ordinary shares, par value (in dollars per share) | $ 0.00001 | |
Ordinary shares, shares authorized (in shares) | 1,200,000,000 | 1,200,000,000 |
Ordinary shares, shares issued (in shares) | 505,207,968 | 458,916,346 |
Ordinary shares, shares outstanding (in shares) | 505,207,968 | 458,916,346 |
Class B Ordinary Shares | ||
Condensed Financial Statements, Captions [Line Items] | ||
Ordinary shares, par value (in dollars per share) | $ 0.00001 | |
Ordinary shares, shares authorized (in shares) | 300,000,000 | 300,000,000 |
Ordinary shares, shares issued (in shares) | 174,649,638 | 63,596,248 |
Ordinary shares, shares outstanding (in shares) | 174,649,638 | 63,596,248 |
Parent Company | Class A Ordinary Shares | ||
Condensed Financial Statements, Captions [Line Items] | ||
Ordinary shares, par value (in dollars per share) | $ 0.00001 | |
Ordinary shares, shares authorized (in shares) | 1,200,000,000 | 1,200,000,000 |
Ordinary shares, shares issued (in shares) | 505,207,968 | 458,916,346 |
Ordinary shares, shares outstanding (in shares) | 505,207,968 | 458,916,346 |
Parent Company | Class B Ordinary Shares | ||
Condensed Financial Statements, Captions [Line Items] | ||
Ordinary shares, par value (in dollars per share) | $ 0.00001 | |
Ordinary shares, shares authorized (in shares) | 300,000,000 | 300,000,000 |
Ordinary shares, shares issued (in shares) | 174,649,638 | 63,596,248 |
Ordinary shares, shares outstanding (in shares) | 174,649,638 | 63,596,248 |
Condensed Statements of Operati
Condensed Statements of Operations (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Operating Expenses | ||||
General and administrative expenses | $ (92,128) | ¥ (639,648) | ¥ (568,741) | ¥ (483,396) |
Changes in the fair value of contingent purchase consideration payables | 13,439 | 93,307 | (43,325) | (22,629) |
Operating profit (loss) | (121,013) | (840,196) | (284,233) | (114,700) |
Profit (loss) from continuing operations before income taxes | (135,831) | (943,082) | (353,445) | (311,804) |
Income tax expense | 1,607 | 11,160 | (47,830) | (16,673) |
Net loss attributable to the Company's ordinary shareholders | (91,256) | (633,598) | (428,099) | (348,480) |
Parent Company | ||||
Operating Expenses | ||||
General and administrative expenses | (17,923) | (124,450) | (166,662) | (125,859) |
Changes in the fair value of contingent purchase consideration payables | 13,439 | 93,307 | (43,325) | (22,629) |
Operating profit (loss) | (4,484) | (31,143) | (209,987) | (148,488) |
Other income | (24,473) | (169,915) | (152,100) | (199,418) |
Profit (loss) from continuing operations before income taxes | (91,256) | (633,598) | (428,099) | (348,480) |
Income tax expense | 0 | 0 | 0 | 0 |
Net loss attributable to the Company's ordinary shareholders | (91,256) | (633,598) | (428,099) | (348,480) |
Parent Company | Subsidiaries and Consolidated VIEs | ||||
Operating Expenses | ||||
Operating profit (loss) | $ (62,299) | ¥ (432,540) | ¥ (66,012) | ¥ (574) |
Condensed Statement of Comprehe
Condensed Statement of Comprehensive Loss (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Net loss | $ (134,224) | ¥ (931,922) | ¥ (401,275) | ¥ (328,477) |
Other comprehensive loss, net of tax of nil: | ||||
Foreign currency translation adjustments, net of tax of nil | 20,528 | 142,526 | 41,518 | 16,835 |
Comprehensive loss | (113,696) | (789,396) | (359,757) | (311,642) |
Comprehensive loss attributable to the Company's ordinary shareholders | (70,728) | (491,072) | (386,581) | (331,645) |
Parent Company | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Net loss | (91,256) | (633,598) | (428,099) | (348,480) |
Other comprehensive loss, net of tax of nil: | ||||
Foreign currency translation adjustments, net of tax of nil | 20,528 | 142,526 | 41,518 | 16,835 |
Comprehensive loss | (70,728) | (491,072) | (386,581) | (331,645) |
Comprehensive loss attributable to the Company's ordinary shareholders | $ (70,728) | ¥ (491,072) | ¥ (386,581) | ¥ (331,645) |
Condensed Statement of Compr152
Condensed Statement of Comprehensive Loss (Parenthetical) (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Foreign currency translation adjustments, net | $ 0 | ¥ 0 | ¥ 0 | ¥ 0 |
Parent Company | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Foreign currency translation adjustments, net | $ 0 | ¥ 0 | ¥ 0 | ¥ 0 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | |
Condensed Financial Statements, Captions [Line Items] | ||||
Net cash used in operating activities | $ 12,046 | ¥ 83,620 | ¥ 216,834 | ¥ 325,365 |
Net cash used in investing activities | (121,132) | (841,017) | (370,130) | (2,261,797) |
Net cash generated from financing activities | 30,169 | 209,472 | 1,115,032 | 1,121,732 |
Net (decrease) increase in cash | (55,831) | (387,636) | 1,040,639 | (814,441) |
Cash and cash equivalents at beginning of year | 242,698 | 1,685,054 | 644,415 | 1,458,856 |
Cash and cash equivalents at end of year | 186,867 | 1,297,418 | 1,685,054 | 644,415 |
Parent Company | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Net cash used in operating activities | (11,316) | (78,567) | (26,621) | (23,952) |
Net cash used in investing activities | (88,955) | (617,613) | (977,300) | (1,186,053) |
Net cash generated from financing activities | 71,273 | 494,851 | 1,798,230 | 623,214 |
Net (decrease) increase in cash | (28,998) | (201,329) | 794,309 | (586,791) |
Cash and cash equivalents at beginning of year | 114,965 | 798,200 | 3,891 | 590,682 |
Cash and cash equivalents at end of year | $ 85,967 | ¥ 596,871 | ¥ 798,200 | ¥ 3,891 |
Related Party Balances Parent C
Related Party Balances Parent Company Only (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Amount due from related parties current | |||
Amount due from related parties current | $ 26,302 | ¥ 182,615 | ¥ 105,137 |
Amount due from related parties non-current | |||
Amount due from related parties non-current | 70,000 | ||
Amount due to related parties current | 17,561 | 121,928 | 397,588 |
Amount due to related parties non-current | |||
Amount due to related parties non-current | 27,384 | ||
Seller of iJoy | |||
Amount due from related parties current | |||
Amount due from related parties current | 3,997 | 27,748 | 25,974 |
Amount due from related parties non-current | |||
Amount due to related parties current | 5,492 | 38,131 | 61,436 |
Seller of Aipu Group | |||
Amount due from related parties current | |||
Amount due from related parties current | 14,187 | 98,500 | 28,500 |
Amount due from related parties non-current | |||
Amount due from related parties non-current | 70,000 | ||
Amount due to related parties current | 4,321 | 30,000 | 76,666 |
Amount due to related parties non-current | |||
Amount due to related parties non-current | 11,034 | ||
Seller of WiFire BJ and Yilong | |||
Amount due from related parties non-current | |||
Amount due to related parties current | 2,970 | ||
Seller Of Dermot Entities | |||
Amount due from related parties non-current | |||
Amount due to related parties current | 205,800 | ||
Seller of Tianying | |||
Amount due to related parties non-current | |||
Amount due to related parties non-current | 16,350 | ||
Parent Company | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 462,137 | 3,208,620 | 3,153,413 |
Amount due from related parties current | |||
Amount due from related parties current | 14,079 | 97,748 | 25,974 |
Amount due from related parties non-current | |||
Amount due from related parties non-current | 70,000 | ||
Amount due to subsidiaries current | 1,402 | 9,732 | 3,728 |
Amount due to related parties current | 9,813 | 68,131 | 346,872 |
Amount due to related parties non-current | |||
Amount due to related parties non-current | 27,384 | ||
Parent Company | 21Vianet Hong Kong Entities | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 437,455 | 3,037,249 | 2,997,103 |
Parent Company | 21ViaNet@Xian Holding Limited ("21V Xi'an Holding") | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 1,010 | 7,011 | 6,563 |
Parent Company | Venture | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 3,907 | 27,124 | 19,546 |
Parent Company | Asia Cloud Technology | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 4,157 | ||
Parent Company | WiFire Group Inc. ("WiFire Group") | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 619 | 4,301 | 649 |
Parent Company | Beijing Fastweb Technology Co., Ltd. ("Fastweb Technology") | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 8,724 | 60,574 | 54,364 |
Parent Company | 21Vianet Mobile Limited ("21V Mobile") | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 10,422 | 72,361 | 71,031 |
Parent Company | Seller of iJoy | |||
Amount due from related parties current | |||
Amount due from related parties current | 3,997 | 27,748 | 25,974 |
Amount due from related parties non-current | |||
Amount due to related parties current | 5,492 | 38,131 | 61,436 |
Parent Company | Seller of Aipu Group | |||
Amount due from related parties current | |||
Amount due from related parties current | 10,082 | 70,000 | |
Amount due from related parties non-current | |||
Amount due from related parties non-current | 70,000 | ||
Amount due to related parties current | 4,321 | 30,000 | 76,666 |
Amount due to related parties non-current | |||
Amount due to related parties non-current | 11,034 | ||
Parent Company | 21Vianet (Xi'an) Technology Co., Ltd. ("Xi'an Tech") | |||
Amount due from related parties non-current | |||
Amount due to subsidiaries current | 1 | 7 | 7 |
Parent Company | Beijing 21Vianet Zhi Hui Neng Yuan System Technology Company Limited | |||
Amount due from related parties non-current | |||
Amount due to subsidiaries current | 1,400 | 9,713 | 3,719 |
Parent Company | Twenty One Vianet China And Zhuoaiyi | |||
Amount due from related parties non-current | |||
Amount due to subsidiaries current | 2 | 2 | |
Parent Company | Diyixian.com Limited ("Diyixian.com") | |||
Amount due from related parties non-current | |||
Amount due to subsidiaries current | $ 1 | ¥ 10 | |
Parent Company | Seller of WiFire BJ and Yilong | |||
Amount due from related parties non-current | |||
Amount due to related parties current | 2,970 | ||
Parent Company | Seller Of Dermot Entities | |||
Amount due from related parties non-current | |||
Amount due to related parties current | 205,800 | ||
Parent Company | Seller of Tianying | |||
Amount due to related parties non-current | |||
Amount due to related parties non-current | ¥ 16,350 |
Parent Company Only Condense155
Parent Company Only Condensed Financial Information - Additional Information (Detail) $ in Thousands | Jun. 26, 2014CNY (¥) | Aug. 31, 2016USD ($) | Aug. 31, 2016CNY (¥) | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | Dec. 31, 2014CNY (¥) | Mar. 22, 2013CNY (¥) |
Condensed Financial Statements, Captions [Line Items] | ||||||||
Operating leases, total rental expenses | $ 13,520 | ¥ 93,869,000 | ¥ 92,520,000 | ¥ 56,247,000 | ||||
Proceeds from issuance of bonds, net | 1,980,640,000 | |||||||
Interest paid | 22,422 | 155,679,000 | 242,713,000 | 229,348,000 | ||||
Loss on debt extinguishment | $ (4,298) | ¥ (29,841,000) | (41,581,000) | |||||
Bonds 7.875% Due 2016 | ||||||||
Condensed Financial Statements, Captions [Line Items] | ||||||||
Debt instrument, face amount | ¥ 1,000,000,000 | |||||||
Debt instrument, stated rate | 7.875% | |||||||
Repurchase of Bonds | 760,607,000 | |||||||
Bonds 6.875% Due 2017 | ||||||||
Condensed Financial Statements, Captions [Line Items] | ||||||||
Debt instrument, face amount | ¥ 2,000,000,000 | |||||||
Debt instrument, stated rate | 6.875% | |||||||
Debt instrument, maturity date | Jun. 26, 2017 | |||||||
Debt instrument, frequency of periodic payment | Payable semi-annually in arrears on June 26 and December 26 in each year | Payable semi-annually in arrears on June 26 and December 26 in each year | ||||||
Debt instrument, date of first required payment | Dec. 26, 2014 | |||||||
Debt issuance costs | ¥ 19,360,000 | |||||||
Proceeds from issuance of bonds, net | ¥ 1,980,640,000 | |||||||
Debt instrument, effective interest rate | 7.39% | |||||||
Percentage of principal amount redeemed | 78.97% | 78.97% | ||||||
Repurchase of Bonds | $ 227,481 | ¥ 1,579,400,000 | $ 229,920 | ¥ 1,596,335,000 | ||||
Interest paid | 2,702 | 18,742,000 | ||||||
Loss on debt extinguishment | $ (4,298) | ¥ (29,841,000) | ||||||
Parent Company | PRC | ||||||||
Condensed Financial Statements, Captions [Line Items] | ||||||||
Operating leases, total rental expenses | $ 2,279 | ¥ 15,824,000 | ¥ 13,952,000 | ¥ 0 | ||||
Parent Company | Bonds 7.875% Due 2016 | ||||||||
Condensed Financial Statements, Captions [Line Items] | ||||||||
Debt instrument, face amount | ¥ 1,000,000,000 | |||||||
Debt instrument, stated rate | 7.875% | |||||||
Parent Company | Bonds 6.875% Due 2017 | ||||||||
Condensed Financial Statements, Captions [Line Items] | ||||||||
Debt instrument, face amount | ¥ 2,000,000,000 | |||||||
Debt instrument, stated rate | 6.875% | |||||||
Debt instrument, maturity date | Jun. 26, 2017 | |||||||
Debt instrument, frequency of periodic payment | Payable semi-annually in arrears on June 26 and December 26 in each year | Payable semi-annually in arrears on June 26 and December 26 in each year | ||||||
Debt instrument, date of first required payment | Dec. 26, 2014 | |||||||
Debt issuance costs | ¥ 19,360,000 | |||||||
Proceeds from issuance of bonds, net | ¥ 1,980,640,000 | |||||||
Debt instrument, effective interest rate | 7.39% |
Future Minimum Lease Payment156
Future Minimum Lease Payments Under Non Cancelable Operating Leases Parent Company (Detail) - Dec. 31, 2016 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Operating Leased Assets [Line Items] | ||
2,017 | $ 17,940 | ¥ 124,557 |
2,018 | 11,141 | 77,354 |
2,019 | 7,130 | 49,505 |
2,020 | 5,183 | 35,985 |
2021 and thereafter | 22,705 | 157,641 |
Operating Leases, Future Minimum Payments Due | 64,099 | 445,042 |
Parent Company | ||
Operating Leased Assets [Line Items] | ||
2,017 | 2,669 | 18,532 |
2,018 | 2,736 | 18,996 |
2,019 | 2,804 | 19,471 |
2,020 | 2,874 | 19,957 |
2021 and thereafter | 13,033 | 90,486 |
Operating Leases, Future Minimum Payments Due | $ 24,116 | ¥ 167,442 |