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424B4
IQIYI, INC. filed this Form 424B4 on 03/29/2018
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Table of Contents

iQIYI, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2015, 2016 AND 2017—continued

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”),

except for number of shares (or ADS) and per share (or ADS) data)

 

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

 

     For the year ended December 31,  
     2015      2016      2017      2017  
     RMB      RMB      RMB      US$  

Membership services

           

Membership services revenue earned from memberships sold to Baidu Group

     5,089        3,119        4,185        643  

Membership services revenue earned from memberships sold by Xiaomi Group

     2,089        26,794        81,450        12,519  

Online advertising revenues

           

Advertising services provided to Baidu Group

     28,256        116,029        18,337        2,818  

Advertising services provided to Xiaomi Group

     —          60,751        9,249        1,422  

Other revenues

           

Other services provided to Baidu Group

     24,078        6,602        58,529        8,996  

Other services provided to Xiaomi Group

     10,616        7,132        4,625        711  

Others

     —          —          5,157        793  
  

 

 

    

 

 

    

 

 

    

 

 

 
     70,128        220,427     

 

181,532

 

     27,902  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cost of revenues

           

License fees to Baidu Group

     —          5,554        8,315        1,278  

Bandwidth fee to Baidu Group

     —          —          88,945        13,671  

Commissions to Xiaomi Group

     8,650        18,108        42,565        6,542  

Others

     —          —          1,817        279  

Selling, general and administrative

           

Advertising services provided by Baidu Group

     53,223        44,287        36,074        5,545  

Traffic acquisition service provided by Baidu Group (i)

     29,932        29,932        29,932        4,600  

Advertising services provided by Xiaomi Group

     10,474        44,010        82,773        12,722  

Others

     —          —          139        21  

Research and development

           

Cloud services provided by Baidu Group

     —          871        2,833        435  

Interest expenses

           

Loan due to Baidu Group

     55,113        106,731        168,154        25,845  
  

 

 

    

 

 

    

 

 

    

 

 

 
     157,392        249,493        461,547        70,938  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(i) As disclosed in Note 8, the services agreement whereby Baidu Group provides traffic acquisition services was recorded as a favorable contract asset and RMB29,932, RMB29,932 and RMB29,932 (US$4,600) was recognized as selling, general and administrative expense for the years ended December 31, 2015, 2016 and 2017, respectively.

 

F-60