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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)

 

c) The Group had the following related party balances with the major related parties:

 

     As of December 31,  
     2016      2017      2017  
     RMB      RMB      US$  

Amounts due from related parties:

        

Loans receivable from Baidu Group (i)

     209,411        —          —    

Due from Baidu Group (ii)

     22,360        9,979        1,534  

Due from Xiaomi Group (iii)

     41,252        —          —    
  

 

 

    

 

 

    

 

 

 
     273,023        9,979        1,534  
  

 

 

    

 

 

    

 

 

 

 

     As of December 31,  
     2016      2017      2017  
     RMB      RMB      US$  

Amounts due to related parties:

        

Loans due to Baidu Group (iv)

     4,681,889        50,000        7,685  

Due to Baidu Group (v)

     236,911        77,628        11,931  

Due to Xiaomi Group (vi)

     26,168        —          —    

Others

     1,902        2,471        380  
  

 

 

    

 

 

    

 

 

 
     4,946,870        130,099        19,996  
  

 

 

    

 

 

    

 

 

 

 

(i) The balance as of December 31, 2016 mainly represents RMB denominated interest-free and uncollateralized loans provided to Baidu Group which were fully repaid in 2017. In April 2017, the Company provided an interest-free USD denominated loan of US$330,154 to Baidu Group, which was fully repaid in December 2017.
(ii) The balance mainly represents amounts due from Baidu Group for advertising and other services.
(iii) The balance as of December 31, 2016 arises from advertising services, other services and membership services revenue earned from memberships sold by Xiaomi Group.
(iv) As of December 31, 2016 and 2017, the total outstanding balance includes an interest-free loan of RMB50,000, which was due on demand and the remaining outstanding balance as of December 31, 2016 are RMB denominated entrusted loans provided by Baidu Group with a weighted average interest rate of 4.34%, which were fully repaid in 2017. In April 2017, the Group borrowed a RMB denominated loan of RMB2,220,000 (US$341,208) with an interest rate of 3.92% from Baidu Group, which was fully repaid in December 2017.
(v) The balance as of December 31, 2016 represents a deposit, accrued expenses for advertising services and cloud services provided by Baidu Group. The balance as of December 31, 2017 mainly represents accrued expenses for bandwidth services provided by Baidu Group.
(vi) The balance as of December 31, 2016 arises from advertising services provided by Xiaomi Group and commissions owed to Xiaomi Group.

 

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