Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2018shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2018 |
Document Fiscal Year Focus | 2018 |
Document Fiscal Period Focus | FY |
Trading Symbol | VNET |
Entity Registrant Name | 21VIANET GROUP, INC. |
Entity Central Index Key | 0001508475 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Accelerated Filer |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
Class A Ordinary Shares | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 499,706,628 |
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, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Current assets: | |||
Cash and cash equivalents | $ 343,038 | ¥ 2,358,556 | ¥ 1,949,631 |
Restricted cash | 38,574 | 265,214 | 242,494 |
Accounts and notes receivable (net of allowance for doubtful debt of RMB73,656 and RMB70,970 (US$10,322) as of December 31, 2017 and 2018, respectively) | 76,257 | 524,305 | 455,811 |
Short-term investments | 35,636 | 245,014 | 548,890 |
Inventories | 267 | 1,834 | 710 |
Prepaid expenses and other current assets | 168,385 | 1,157,740 | 933,750 |
Amounts due from related parties | 18,245 | 125,446 | 114,256 |
Total current assets | 680,402 | 4,678,109 | 4,245,542 |
Non-current assets: | |||
Property and equipment, net | 586,320 | 4,031,242 | 3,319,424 |
Intangible assets, net | 51,678 | 355,313 | 401,115 |
Land use rights, net | 21,452 | 147,493 | 163,671 |
Goodwill | 143,921 | 989,530 | 989,530 |
Restricted cash | 5,418 | 37,251 | 3,344 |
Deferred tax assets | 23,190 | 159,441 | 172,818 |
Long-term investments | 79,168 | 544,323 | 510,926 |
Amounts due from related parties | 5,007 | 34,424 | 20,210 |
Other non-current assets | 25,248 | 173,591 | 81,581 |
Total non-current assets | 941,402 | 6,472,608 | 5,662,619 |
Total assets | 1,621,804 | 11,150,717 | 9,908,161 |
Current liabilities: | |||
Short-term bank borrowings (including short-term bank borrowings of the Consolidated VIEs without recourse to the primary beneficiaries of RMB50,000 and RMB50,000 (US$7,272) as of December 31, 2017 and 2018, respectively) | 7,272 | 50,000 | 50,000 |
Accounts and notes payable (including accounts and notes payable of the Consolidated VIEs without recourse to the primary beneficiaries of RMB157,970 and RMB258,048 (US$37,532) as of December 31, 2017 and 2018, respectively) | 56,652 | 389,508 | 252,892 |
Accrued expenses and other payables (including accrued expenses and other payables of the Consolidated VIEs without recourse to the primary beneficiaries of RMB368,190 and RMB392,619 (US$57,104) as of December 31, 2017 and 2018, respectively) | 95,894 | 659,320 | 657,133 |
Advances from customers (including advances from customers of the Consolidated VIEs without recourse to the primary beneficiaries of RMB403,244 and RMB670,037 (US$97,453) as of December 31, 2017 and 2018, respectively) | 97,453 | 670,037 | 403,244 |
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of RMB49,699 and RMB51,026 (US$7,421) as of December 31, 2017 and 2018, respectively) | 8,400 | 57,754 | 55,753 |
Income taxes payable (including income taxes payable of the Consolidated VIEs without recourse to the primary beneficiaries of RMB7,400 and RMB8,519 (US$1,239) as of December 31, 2017 and 2018, respectively) | 1,907 | 13,111 | 13,309 |
Amounts due to related parties (including amounts due to related parties-current of the Consolidated VIEs without recourse to the primary beneficiaries of RMB16,053 and RMB51,763 (US$7,529) as of December 31, 2017 and 2018, respectively) | 7,611 | 52,328 | 55,675 |
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 RMB70,289 and RMB75,284 (US$10,950) as of December 31, 2017 and 2018, respectively) | 10,950 | 75,284 | 70,289 |
Current portion of capital lease obligations (including current portion of capital lease obligations of the Consolidated VIEs without recourse to the primary beneficiaries of RMB201,315 and RMB219,695 (US$31,953) as of December 31, 2017 and 2018, respectively) | 31,953 | 219,695 | 201,315 |
Deferred government grants (including deferred government grants of the Consolidated VIEs without recourse to the primary beneficiaries of RMB4,574 and RMB4,173 (US$607) as of December 31, 2017 and 2018, respectively) | 607 | 4,173 | 4,574 |
Total current liabilities | 318,699 | 2,191,210 | 1,764,184 |
Non-current liabilities: | |||
Non-current portion of long term bank borrowings (including long-term bank borrowings of the Consolidated VIEs without recourse to the primary beneficiaries of RMB187,638 and RMB112,000 (US$16,290) as of December 31, 2017 and 2018, respectively) | 16,290 | 112,000 | 187,638 |
Bonds payable (including bonds payable of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2017 and 2018, respectively) | 296,391 | 2,037,836 | 1,929,208 |
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 RMB687,176 and RMB852,287 (US$123,960) as of December 31, 2017 and 2018, respectively) | 111,409 | 765,993 | 600,882 |
Unrecognized tax benefits (including unrecognized tax benefits of the Consolidated VIEs without recourse to the primary beneficiaries of RMB13,225 and RMB4,938 (US$718) as of December 31, 2017 and 2018, respectively) | 971 | 6,677 | 16,511 |
Deferred tax liabilities (including deferred tax liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of RMB109,339 and RMB84,568 (US$12,300) as of December 31, 2017 and 2018, respectively) | 22,939 | 157,720 | 190,873 |
Deferred government grants (including deferred government grants of the Consolidated VIEs without recourse to the primary beneficiaries of RMB17,861 and RMB11,619 (US$1,690) as of December 31, 2017 and 2018, respectively) | 1,690 | 11,619 | 17,861 |
Amounts due to related parties (including amounts due to related parties of the consolidated VIEs without resource to the primary beneficiaries of nil and RMB 504,478 (US$73,373) as of December 31, 2017 and 2018, respectively) | 73,373 | 504,478 | |
Total non-current liabilities | 523,063 | 3,596,323 | 2,942,973 |
Total liabilities | 841,762 | 5,787,533 | 4,707,157 |
Commitments and contingencies | |||
Shareholders' equity: | |||
Additional paid-in capital | 1,329,575 | 9,141,494 | 8,980,407 |
Accumulated other comprehensive (loss) income | 12,505 | 85,979 | (2,673) |
Statutory reserves | 6,167 | 42,403 | 38,736 |
Accumulated deficit | (558,219) | (3,838,032) | (3,629,300) |
Treasury stock | (49,114) | (337,683) | (337,683) |
Total 21Vianet Group, Inc. shareholders' equity | 740,921 | 5,094,207 | 5,049,533 |
Noncontrolling interest | 39,121 | 268,977 | 151,471 |
Total shareholders' equity | 780,042 | 5,363,184 | 5,201,004 |
Total liabilities and shareholders' equity | 1,621,804 | 11,150,717 | 9,908,161 |
Class A Ordinary Shares | |||
Shareholders' equity: | |||
Ordinary shares | 5 | 34 | 34 |
Class B Ordinary Shares | |||
Shareholders' equity: | |||
Ordinary shares | $ 2 | ¥ 12 | ¥ 12 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($)$ / sharesshares | Dec. 31, 2018CNY (¥)shares | Dec. 31, 2017CNY (¥)shares |
Accounts and notes receivable, allowance for doubtful accounts | $ 10,322 | ¥ 70,970 | ¥ 73,656 |
Short-term bank and other borrowings of the Consolidated VIEs without recourse to the primary beneficiaries | 7,272 | 50,000 | 50,000 |
Accounts and notes payable of the Consolidated VIEs without recourse to the primary beneficiaries | 56,652 | 389,508 | 252,892 |
Accrued expenses and other payables of the Consolidated VIEs without recourse to the primary beneficiaries | 95,894 | 659,320 | 657,133 |
Advance from customers of the Consolidated VIEs without recourse to the primary beneficiaries | 97,453 | 670,037 | 403,244 |
Deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries | 8,400 | 57,754 | 55,753 |
Income tax payables of the Consolidated VIEs without recourse to the primary beneficiaries | 1,907 | 13,111 | 13,309 |
Amounts due to related parties of the consolidated VIEs without resource to the primary beneficiaries | 7,611 | 52,328 | 55,675 |
Current portion of long term bank and other borrowings of the Consolidated VIEs without recourse to the primary beneficiaries | 10,950 | 75,284 | 70,289 |
Current portion of capital lease obligations of the Consolidated VIEs without recourse to the primary beneficiaries. | 31,953 | 219,695 | 201,315 |
Deferred government grants of the Consolidated VIEs without recourse to the primary beneficiaries | 607 | 4,173 | 4,574 |
Long-term bank borrowings of the Consolidated VIEs without recourse to the primary beneficiaries | 16,290 | 112,000 | 187,638 |
Bonds payable Consolidated VIEs without recourse to the primary beneficiaries. | 296,391 | 2,037,836 | 1,929,208 |
Non-current portion of capital lease obligations of the Consolidated VIEs without recourse to the primary beneficiaries | 111,409 | 765,993 | 600,882 |
Unrecognized tax benefits of the Consolidated VIEs without recourse to the primary beneficiaries | 971 | 6,677 | 16,511 |
Deferred tax liabilities of the Consolidated VIEs without recourse to the primary beneficiaries | 22,939 | 157,720 | 190,873 |
Deferred government grants of the Consolidated VIEs without recourse to the primary beneficiaries | 1,690 | 11,619 | 17,861 |
Amounts due to related parties related parties of the consolidated VIEs without resource to the primary beneficiaries | 73,373 | 504,478 | |
Variable Interest Entity, Primary Beneficiary | |||
Short-term bank and other borrowings of the Consolidated VIEs without recourse to the primary beneficiaries | 7,272 | 50,000 | 50,000 |
Accounts and notes payable of the Consolidated VIEs without recourse to the primary beneficiaries | 37,532 | 258,048 | 157,970 |
Accrued expenses and other payables of the Consolidated VIEs without recourse to the primary beneficiaries | 57,104 | 392,619 | 368,190 |
Advance from customers of the Consolidated VIEs without recourse to the primary beneficiaries | 97,453 | 670,037 | 403,244 |
Deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries | 7,421 | 51,026 | 49,699 |
Income tax payables of the Consolidated VIEs without recourse to the primary beneficiaries | 1,239 | 8,519 | 7,400 |
Amounts due to related parties of the consolidated VIEs without resource to the primary beneficiaries | 7,529 | 51,763 | 16,053 |
Current portion of long term bank and other borrowings of the Consolidated VIEs without recourse to the primary beneficiaries | 10,950 | 75,284 | 70,289 |
Current portion of capital lease obligations of the Consolidated VIEs without recourse to the primary beneficiaries. | 31,953 | 219,695 | 201,315 |
Deferred government grants of the Consolidated VIEs without recourse to the primary beneficiaries | 607 | 4,173 | 4,574 |
Long-term bank borrowings of the Consolidated VIEs without recourse to the primary beneficiaries | 16,290 | 112,000 | 187,638 |
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 | 123,960 | 852,287 | 687,176 |
Unrecognized tax benefits of the Consolidated VIEs without recourse to the primary beneficiaries | 718 | 4,938 | 13,225 |
Deferred tax liabilities of the Consolidated VIEs without recourse to the primary beneficiaries | 12,300 | 84,568 | 109,339 |
Deferred government grants of the Consolidated VIEs without recourse to the primary beneficiaries | 1,690 | 11,619 | 17,861 |
Amounts due to related parties related parties of the consolidated VIEs without resource to the primary beneficiaries | $ 73,373 | ¥ 504,478 | ¥ 0 |
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) | 499,706,628 | 499,706,628 | 496,636,128 |
Ordinary shares, shares outstanding (in shares) | 499,706,628 | 499,706,628 | 496,636,128 |
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 | 174,649,638 |
Ordinary shares, shares outstanding (in shares) | 174,649,638 | 174,649,638 | 174,649,638 |
Consolidated Statements of Oper
Consolidated Statements of Operations ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($)$ / sharesshares | Dec. 31, 2018CNY (¥)¥ / sharesshares | Dec. 31, 2017CNY (¥)¥ / sharesshares | Dec. 31, 2016CNY (¥)¥ / sharesshares | |
Net revenues | ||||
Hosting and related services | $ 494,660 | ¥ 3,401,037 | ¥ 2,975,178 | ¥ 2,668,655 |
Managed network services | 417,527 | 973,119 | ||
Total net revenues | 494,660 | 3,401,037 | 3,392,705 | 3,641,774 |
Hosting and related services | (357,235) | (2,456,166) | (2,130,279) | (1,936,658) |
Managed network services | (504,016) | (992,980) | ||
Total cost of revenues | (357,235) | (2,456,166) | (2,634,295) | (2,929,638) |
Gross profit | 137,425 | 944,871 | 758,410 | 712,136 |
Operating income (expenses) | ||||
Operating income | 731 | 5,027 | 5,439 | 6,783 |
Sales and marketing expenses | (25,042) | (172,176) | (256,682) | (352,926) |
Research and development expenses | (13,397) | (92,109) | (149,143) | (149,337) |
General and administrative expenses | (67,288) | (462,637) | (519,950) | (639,648) |
(Allowance) reversal for doubtful debt | 87 | 598 | (37,427) | (117,564) |
Changes in the fair value of contingent purchase consideration payables | 2,022 | 13,905 | (937) | 93,307 |
Impairment of long-lived assets | (401,808) | (392,947) | ||
Impairment of goodwill | 0 | (766,440) | 0 | |
Total operating expenses | (102,887) | (707,392) | (2,126,948) | (1,552,332) |
Operating (loss) profit | 34,538 | 237,479 | (1,368,538) | (840,196) |
Interest income | 6,572 | 45,186 | 32,925 | 21,078 |
Interest expenses | (34,334) | (236,066) | (185,313) | (198,589) |
Impairment of long-term investment | (20,258) | |||
Gain on disposal of subsidiaries | 704 | 4,843 | 497,036 | |
Loss on debt extinguishment | (29,841) | |||
Other income | 8,441 | 58,033 | 16,764 | 28,922 |
Other expenses | (597) | (4,103) | (17,060) | (16,449) |
Foreign exchange gain (loss), net | (11,789) | (81,055) | (17,153) | 56,341 |
(Loss) income before income taxes and gain (loss) from equity method investments | 3,535 | 24,317 | (1,061,597) | (978,734) |
Income tax benefits (expenses) | (3,550) | (24,411) | 90,170 | 11,160 |
Gain (loss) from equity method investments | (27,146) | (186,642) | 53,783 | 35,652 |
Net loss | (27,161) | (186,736) | (917,644) | (931,922) |
Net loss (income) attributable to noncontrolling interest and redeemable noncontrolling interest | (2,666) | (18,329) | 144,914 | 298,324 |
Net loss attributable to the Company's ordinary shareholders | $ (29,827) | ¥ (205,065) | ¥ (772,730) | ¥ (633,598) |
Loss per share: | ||||
Basic (in per share) | (per share) | $ (0.04) | ¥ (0.30) | ¥ (1.36) | ¥ (1.37) |
Diluted (in per share) | (per share) | $ (0.04) | ¥ (0.30) | ¥ (1.36) | ¥ (1.37) |
Shares used in loss per share computation: | ||||
Weighted-average number of shares outstanding - basic (in shares) | shares | 674,732,130 | 674,732,130 | 672,836,226 | 617,169,833 |
Weighted-average number of shares outstanding-diluted (in shares) | shares | 674,732,130 | 674,732,130 | 672,836,226 | 617,169,833 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Loss ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Statement of Comprehensive Income [Abstract] | ||||
Net loss | $ (27,161) | ¥ (186,736) | ¥ (917,644) | ¥ (931,922) |
Other comprehensive income (loss), net of tax of nil: | ||||
Foreign currency translation adjustments, net of tax of nil | 12,894 | 88,652 | (120,963) | 142,526 |
Other comprehensive income (loss), net of tax of nil | 12,894 | 88,652 | (120,963) | 142,526 |
Comprehensive loss | (14,267) | (98,084) | (1,038,607) | (789,396) |
Comprehensive loss (income) attributable to noncontrolling interest and redeemable noncontrolling interest | (2,666) | (18,329) | 144,914 | 298,324 |
Comprehensive loss attributable to the Company's ordinary shareholders | $ (16,933) | ¥ (116,413) | ¥ (893,693) | ¥ (491,072) |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Loss (Parenthetical) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Statement of Comprehensive Income [Abstract] | ||||
Foreign currency translation adjustments, tax | $ 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, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Net loss | $ (27,161) | ¥ (186,736) | ¥ (917,644) | ¥ (931,922) |
Adjustments to reconcile net loss to net cash generated from operating activities: | ||||
Foreign exchange (gain) loss,net | 11,789 | 81,055 | 17,153 | (56,341) |
Changes in the fair value of contingent purchase consideration payables | (2,022) | (13,905) | 937 | (93,307) |
Gain from settlement of contingent purchase consideration | (73) | (500) | ||
Depreciation of property and equipment | 82,393 | 566,491 | 523,500 | 480,105 |
Amortization of intangible assets | 9,907 | 68,115 | 143,602 | 183,964 |
Loss (gain) on disposal of property and equipment and intangible assets | (1,161) | (7,981) | (3,285) | 12,101 |
Allowance (reversal) for doubtful debt | (87) | (598) | 37,427 | 117,564 |
Share based compensation expense | 8,659 | 59,538 | 47,129 | 118,729 |
Deferred income tax benefits | (2,876) | (19,776) | (128,026) | (65,932) |
(Gain) loss from equity method investments | 27,146 | 186,642 | (53,783) | (35,652) |
Loss on debt extinguishment | 29,841 | |||
Gain from disposal of equity investments without readily determinable fair value | (2,981) | (20,496) | (5,160) | |
Gain from disposal of equity method investment | (2,401) | (16,509) | ||
Dividend income of equity investments without readily determinable fair values | (59) | (406) | (1,821) | |
Gain from disposal of subsidiaries | (704) | (4,843) | (497,036) | |
Impairment of long-lived assets | 401,808 | 392,947 | ||
Impairment of goodwill | 0 | 766,440 | 0 | |
Impairment of long-term investment | 20,258 | |||
Changes in operating assets and liabilities, net of effects of acquisitions and disposals: | ||||
Accounts and notes receivable | (10,008) | (68,809) | 18,277 | (40,988) |
Inventories | (163) | (1,124) | (1,134) | 9,108 |
Prepaid expenses and other current assets | (38,006) | (261,321) | (310,190) | (140,266) |
Amounts due from related parties | (5,534) | (38,047) | 4,436 | (16,958) |
Accounts and notes payables | 6,018 | 41,380 | 42,468 | 46,947 |
Unrecognized tax benefits (expense) | (1,430) | (9,834) | (3,939) | 14,197 |
Accrued expenses and other payables | 11,308 | 77,744 | 270,082 | 82,216 |
Deferred revenue | 291 | 2,001 | (65,415) | (28,086) |
Advances from customers | 38,803 | 266,793 | 201,847 | 15,597 |
Income taxes payable | (29) | (198) | (6,548) | (28,060) |
Deferred government grants | (966) | (6,643) | (4,985) | (6,627) |
Amounts due to related parties | 1,881 | 12,933 | (14,356) | 3,552 |
Net cash generated from operating activities | 102,534 | 704,966 | 487,202 | 57,569 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Purchases of property and equipment | (63,300) | (435,220) | (395,998) | (574,501) |
Purchases of intangible assets | (2,600) | (17,874) | (18,957) | (37,999) |
Proceeds from disposal of property and equipment | 2,244 | 15,429 | 5,719 | 51 |
Disposal of subsidiaries, net | 493 | 3,389 | (77,719) | |
Payments for short-term investments | (14,385) | (98,905) | (755,876) | (285,127) |
Payment of loan to a third party | (2,909) | (20,000) | ||
Receipt of loans to third parties | 2,969 | 20,413 | 100,000 | 43,279 |
Proceeds received from maturity of short-term investments | 60,744 | 417,643 | 484,932 | 112,300 |
Proceeds from disposal of long-term investments | 11,004 | 75,653 | 11,269 | |
Proceeds from dividend income of equity investments without readily determinable fair values | 59 | 406 | 1,821 | |
Payments for long-term investments | (36,765) | (252,780) | (162,176) | (48,701) |
Payment for deposit to acquire data center | (1,891) | (13,000) | ||
Receipt of deposit for disposal of subsidiaries | 10,000 | |||
Payments for available-for-sale debt investments | (5,324) | |||
Payments for assets acquisition, net of cash acquired | (25,053) | (56,264) | ||
Net cash used in investing activities | (44,337) | (304,846) | (833,307) | (841,017) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Proceeds from loan from a related party | 6,405 | 44,038 | ||
Proceeds from exercise of stock options | 63 | 435 | 926 | 4,510 |
Proceeds from issuance of ordinary shares | 2,548,695 | |||
Payments for contingent purchase consideration in relation to acquisitions | (2,617) | |||
Repayment of 2016 bonds/ 2017 bonds | (420,600) | (264,300) | ||
Proceeds from issuance of 2020 Notes (Note 16) | 1,936,154 | |||
Payment of issuance cost of 2020 Notes | (9,735) | |||
Proceeds from long-term bank borrowings | 44,440 | 214,620 | ||
Proceeds from short-term bank borrowings | 10,181 | 69,999 | 70,000 | 1,725,676 |
Repayment of long-term bank borrowings | (10,275) | (70,643) | (94,037) | (49,320) |
Repayment of short-term bank borrowings | (10,181) | (69,999) | (1,673,676) | (318,000) |
Payments for purchase of mandatorily redeemable noncontrolling interests | (100,000) | |||
Payments for purchase of property and equipment through capital leases | (40,708) | (279,886) | (199,126) | (23,638) |
Repayment of loan from a third party | (100,000) | |||
Rental prepayment and deposits for sales and leaseback transactions | (7,040) | (48,401) | (164,698) | (152,715) |
Contribution from noncontrolling interest in subsidiaries | 28,548 | 196,281 | 134,633 | 4,000 |
Prepayment for future share repurchase plan | (3,866) | (39,028) | ||
Refund of prepayment for share repurchase plan | 6,212 | 42,710 | ||
Payments for share repurchase plan | (133,066) | (42,665) | ||
Proceeds from issuance of notes | 13,899 | 95,565 | ||
Net cash generated from (used in) financing activities | (2,896) | (19,901) | (612,651) | 1,908,883 |
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash | 12,411 | 85,333 | (140,298) | 160,289 |
Net increase (decrease) in cash and cash equivalents and restricted cash | 67,712 | 465,552 | (1,099,054) | 1,285,724 |
Cash and cash equivalents and restricted cash at beginning of the year | 319,318 | 2,195,469 | 3,294,523 | 2,008,799 |
Cash and cash equivalents and restricted cash at end of the year | 387,030 | 2,661,021 | 2,195,469 | 3,294,523 |
Reconciliation of cash and cash equivalents and restricted cash to the consolidated balance sheets | ||||
Cash and cash equivalents | 343,038 | 2,358,556 | 1,949,631 | 1,297,418 |
Restricted cash-current | 38,574 | 265,214 | 242,494 | 1,963,561 |
Restricted cash-non-current | 5,418 | 37,251 | 3,344 | 33,544 |
Cash and cash equivalents and restricted cash at end of the year | 387,030 | 2,661,021 | 2,195,469 | 3,294,523 |
Supplemental disclosures of cash flow information: | ||||
Income taxes paid | (8,350) | (57,407) | (55,076) | (50,349) |
Interest paid | (23,414) | (160,984) | (96,846) | (155,679) |
Interest received | 7,388 | 50,793 | 28,857 | 19,886 |
Supplemental disclosures of non-cash activities: | ||||
Purchase of property and equipment through capital leases | 128,699 | 884,871 | 453,786 | 240,474 |
Purchase of property and equipment included in accrued expenses and other payables | 3,188 | 21,918 | (15,750) | (51,669) |
Purchase of intangible assets included in accrued expenses and other payables | 127 | 870 | 1,354 | (1,310) |
Contingent purchase consideration related to the acquisitions included in amounts due to related parties and accrued expenses and other payables | $ 5,343 | ¥ 36,734 | ¥ (937) | (306,126) |
Bonds 6.875% Due 2017 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Repurchase of 2017 bonds | ¥ (1,596,335) |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity ¥ in Thousands, $ in Thousands | USD ($)shares | CNY (¥)shares | Ordinary sharesUSD ($)shares | Ordinary sharesCNY (¥)shares | Treasury stockUSD ($) | Treasury stockCNY (¥) | Additional paid-in capitalUSD ($) | Additional paid-in capitalCNY (¥) | 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 (¥) | Non-controlling interestUSD ($) | Non-controlling interestCNY (¥) |
Beginning Balance (in shares) at Dec. 31, 2015 | shares | 522,512,594 | 522,512,594 | ||||||||||||||||
Beginning 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 for Tuspark Innovation Venture Limited (in shares) | shares | 143,050,264 | 143,050,264 | ||||||||||||||||
Issuance of new shares for Tuspark Innovation Venture Limited | 2,548,695 | ¥ 10 | 2,548,685 | 2,548,695 | ||||||||||||||
Issuance of new shares for share option exercised and restricted share units vested (in shares) | shares | 3,261,456 | 3,261,456 | ||||||||||||||||
Issuance of new shares for share option exercised and restricted share units vested | 1,119 | 1,119 | 1,119 | |||||||||||||||
Settlement of stock consideration settlement by treasury stock (in shares) | shares | 1,338,966 | 1,338,966 | ||||||||||||||||
Settlement of stock consideration settlement 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 | ||||||||||||||
Reclassification of contingent purchase consideration payable upon resolution of contingencies | ¥ 210,000 | 210,000 | 210,000 | |||||||||||||||
Appropriation of statutory reserves | 1,448 | (1,448) | ||||||||||||||||
Increase in accretion of redeemable noncontrolling interests | ¥ (210,485) | (210,485) | (210,485) | |||||||||||||||
Share repurchase (in shares) | shares | (815,525) | (815,525) | (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 | 6,151,017 | ¥ 45 | (204,557) | 9,015,846 | 118,290 | 64,622 | (2,869,031) | 6,125,215 | 25,802 | |||||||||
Consolidated net loss | (775,748) | (772,730) | (772,730) | (3,018) | ||||||||||||||
Cumulative adjustment for changes in accounting principles | (13,425) | (13,425) | (13,425) | |||||||||||||||
Contribution from noncontrolling interest in a subsidiary | 134,633 | 134,633 | ||||||||||||||||
Foreign exchange difference | (120,963) | (120,963) | (120,963) | |||||||||||||||
Issuance of new shares for share option exercised and restricted share units vested (in shares) | shares | 3,119,052 | 3,119,052 | ||||||||||||||||
Share-based compensation | ¥ 105,532 | 105,532 | 105,532 | |||||||||||||||
Shares issued to depository bank (in shares) | shares | 9,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | ||||||||||||||
Share issued to depository bank | ¥ 1 | (1) | ||||||||||||||||
Appropriation of statutory reserves | 2,083 | (2,083) | ||||||||||||||||
Appropriation of dividend | ¥ (5,946) | (5,946) | ||||||||||||||||
Disposal of subsidiaries | (27,969) | 27,969 | ||||||||||||||||
Increase in accretion of redeemable noncontrolling interests | ¥ (141,896) | (141,896) | (141,896) | |||||||||||||||
Share repurchase (in shares) | shares | (3,448,482) | (3,448,482) | (20,690,892) | (20,690,892) | ||||||||||||||
Share repurchase | ¥ (133,126) | (133,126) | (133,126) | |||||||||||||||
Share options exercised (in shares) | shares | 332,754 | 332,754 | ||||||||||||||||
Share options exercised | 926 | 926 | 926 | |||||||||||||||
Restricted share units vested | shares | 10,576,398 | 10,576,398 | ||||||||||||||||
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 | (10,909,152) | (10,909,152) | ||||||||||||||||
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, 2017 | shares | 671,285,766 | 671,285,766 | ||||||||||||||||
Ending Balance at Dec. 31, 2017 | 5,201,004 | ¥ 46 | (337,683) | 8,980,407 | (2,673) | 38,736 | (3,629,300) | 5,049,533 | 151,471 | |||||||||
Consolidated net loss | (186,736) | (205,065) | (205,065) | 18,329 | ||||||||||||||
Foreign exchange difference | 89,129 | 477 | 88,652 | 89,129 | ||||||||||||||
Issuance of new shares for share option exercised and restricted share units vested (in shares) | shares | 3,070,500 | 3,070,500 | ||||||||||||||||
Share-based compensation | 67,009 | 67,009 | 67,009 | |||||||||||||||
Disposal of 49% interest in a subsidiary | 196,281 | 93,166 | 93,166 | 103,115 | ||||||||||||||
Appropriation of statutory reserves | 3,667 | (3,667) | ||||||||||||||||
Disposal of subsidiaries | ¥ (3,938) | (3,938) | ||||||||||||||||
Share repurchase (in shares) | shares | 0 | 0 | ||||||||||||||||
Share options exercised (in shares) | shares | 219,972 | 219,972 | ||||||||||||||||
Share options exercised | ¥ 435 | 435 | 435 | |||||||||||||||
Restricted share units vested | shares | 5,115,558 | 5,115,558 | ||||||||||||||||
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 | (5,335,530) | (5,335,530) | ||||||||||||||||
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, 2018 | shares | 674,356,266 | 674,356,266 | ||||||||||||||||
Ending Balance at Dec. 31, 2018 | $ 780,042 | ¥ 5,363,184 | $ 7 | ¥ 46 | $ (49,114) | ¥ (337,683) | $ 1,329,575 | ¥ 9,141,494 | $ 12,505 | ¥ 85,979 | $ 6,167 | ¥ 42,403 | $ (558,219) | ¥ (3,838,032) | $ 740,921 | ¥ 5,094,207 | $ 39,121 | ¥ 268,977 |
Consolidated Statements of Sh_2
Consolidated Statements of Shareholders' Equity (Parenthetical) - Warburg Pincus | Dec. 31, 2018 |
Noncontrolling interest, ownership percentage | 49.00% |
Additional paid-in capital | |
Noncontrolling interest, ownership percentage | 49.00% |
Total 21Vianet Group, Inc. shareholders' equity | |
Noncontrolling interest, ownership percentage | 49.00% |
Non-controlling interest | |
Noncontrolling interest, ownership percentage | 49.00% |
Organization
Organization | 12 Months Ended |
Dec. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization | 1. ORGANIZATION 21Vianet Group, Inc. was incorporated under the laws of the Cayman Islands on October 16, 2009 and its principal activity is investment holding. The Company through its consolidated subsidiaries and variable interest entities (the “VIEs”) are principally engaged in the provision of hosting and related services after the disposal of subsidiaries which are engaged in managed network services in September 2017 (Note 4). (a) As of December 31, 2018, the significant subsidiaries of the Company, VIEs and subsidiaries of VIEs are as follows: Entity Date of incorporation/ acquisition Place of Percentage Principal activities Direct Subsidiaries: 21ViaNet Group Limited (“21Vianet HK”) May 25, 2007 Hong Kong 100 % Investment holding 21ViaNet Data Center Co., Ltd. (“21Vianet China”) (1) June 12, 2000 PRC 100 % Provision of technical and consultation services and rental of long-lived assets 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 Hangzhou Information Technology Co., Ltd. (1) March 4, 2013 PRC 100 % Provision of internet data center services 21Vianet Mobile Limited April 30, 2013 Hong Kong 100 % Investment holding and provision of telecommunication services Joytone Infotech Co., Ltd. (1) April 30, 2013 PRC 100 % Provision of technical and consultation services 21Vianet Ventures Limited (“Ventures”) March 6, 2014 Hong Kong 100 % Investment holding Abitcool (China) Broadband Inc. (“aBitCool DG”) (1) June 13, 2014 PRC 100 % Dormant company Diyixian.com Limited (“DYX”) August 10, 2014 Hong Kong 100 % Provision of virtual private network services 21Vianet Zhuhai Financial Leasing Co., Ltd. (“Zhuhai Financial Leasing”) (1) April 9, 2015 PRC 100 % Provision of financial leasing business services 21Vianet DRP Investment Holdings Limited (“DRP investment”) January 10, 2017 Hong Kong 100 % Investment holding Shihua DC Investment Holdings Limited (“Shihua Investment”) March 14, 2017 Cayman 51 % Investment holding 21Vianet (Xi’an) Technology Co., Ltd. (1) July 5, 2012 PRC 51 % Provision of technical and internet data center services Foshan Zhuoyi Intelligence Data Co., Ltd. (“FS Zhuoyi”) (1) July 7, 2016 PRC 51 % Provision of internet data center services Dermot Holding Limited (3) August 8, 2014 British Virgin Islands 100 % Investment holding Variable Interest Entities (the “VIEs”): Beijing Yiyun Network Technology Co., Ltd. (“21Vianet Technology”) (1) /(2) October 22, 2002 PRC — Provision of internet data center services Beijing iJoy Information Technology Co., Ltd. (“BJ iJoy”) (1)/(2) April 30, 2013 PRC — Provision of internet data center, content delivery network services WiFire Network Technology (Beijing) Co., Ltd. (“WiFire Network”) (1)/(2) April 1, 2014 PRC — Provision of telecommunication 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 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 Langfang Xunchi Computer Data Processing Co., Ltd. (1)/(2) December 19, 2011 PRC — Dormant company Shanghai Blue Cloud Technology Co., Ltd. (“SH Blue Cloud”) (1)/(2) March 21, 2013 PRC — Provision of Office 365 and Windows Azure platform services Beijing Yichengtaihe Investment Co., Ltd. (1)/(2) September 30, 2014 PRC — Provision of internet data center services Beijing Hongyuan Network Technology Co., Ltd. (“BJ Hongyuan”) (1)/(2)/(4) December 8, 2014 PRC — Provision of internet data center services Guangzhou Lianyun Big Data Co. Ltd. (1)/(2) April 14, 2016 PRC — Provision of internet data center services Held directly by DYX and LF Xunchi: Shenzhen Diyixian Telecommunication Co., Ltd. (“SZ DYX”) (1) August 10, 2014 PRC 100 % Provision of virtual private network services (1) Collectively, the “PRC Subsidiaries”. (2) Collectively, the “Consolidated VIEs”. (3) 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”). (4) On August 15, 2018, the Company through its subsidiary, 21Vianet Beijing disposed 49% equity interest of BJ Hongyuan to a third party. (b) PRC laws and regulations prohibit foreign ownership of internet and telecommunications-related businesses. To comply with these foreign ownership restrictions, the Company 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 WiFire Network through their primary beneficiary, aBitCool DG and SZ Zhuoaiyi, wholly owned subsidiaries of the Company. The key terms of the VIE Agreements in relation to BJ iJoy and WiFire Network 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 Accounting Standards Codification (“ASC”) Subtopic 810-10, Consolidation: Overall, 810-10”). 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) VIE disclosures Except for certain property with carrying amounts of RMB302,999 (US$44,069) that were pledged to secure banking borrowings granted to the Company (Note 13), 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. (d) Cooperation with Waburg Pincus 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 seeded the initial JV with high-performing IDC assets, and Warburg Pincus contributed direct capital and extensive industry network and resources in the real estate sector. The Company owns 51% of the equity interests in the existing internet data center (“IDC”) assets while Warburg Pincus owns the remaining 49%. On March 14, 2017, Shihua Investment was established by the Company and a subsidiary of Warburg Pincus, with the equity interest of 51% and 49%, respectively. In March 2017, the Company and Warburg Pincus set up two JVs, Shihua DC Investment Holdings 2 Limited and Shihua DC Investment Management Limited (collectively, “Shihua DC Holdings”) (Note 12), with the equity interest of 49% and 51%, respectively. The Company accounted for the investment in the two JVs under equity method investments for its ability to exercise significant influence. (e) Variable interests in a VIE As of December 31, 2018, 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 RMB46,445 (US$6,755). The following tables represent the financial information of the Consolidated VIEs as of December 31, 2017 and 2018 and for the years ended December 31, 2016, 2017 and 2018 before eliminating the intercompany balances and transactions between the Consolidated VIEs and other entities within the Company: As of December 31, 2017 2018 RMB RMB US$ ASSETS Current assets: Cash and cash equivalents 233,673 548,921 79,837 Restricted cash 149,375 203,103 29,540 Accounts receivable (net of allowance for doubtful debt of RMB70,627 and RMB69,723 (US$10,141) as of December 31, 2017 and 2018, respectively) 342,276 375,515 54,616 Short-term investments — 94,000 13,672 Prepaid expenses and other current assets 809,546 1,013,563 147,417 Amounts due from related parties 86,824 123,726 17,995 Total current assets 1,621,694 2,358,828 343,077 Non-current Property and equipment, net 2,331,139 3,103,995 451,457 Intangible assets, net 45,203 47,121 6,853 Land use rights, net 74,162 60,078 8,738 Goodwill 302,956 302,647 44,018 Restricted cash — 33,729 4,906 Deferred tax assets 169,224 156,412 22,749 Amounts due from related parties — 13,514 1,966 Other non-current 67,517 162,392 23,619 Long-term investments 355,894 219,005 31,853 Total non-current 3,346,095 4,098,893 596,159 Total assets 4,967,789 6,457,721 939,236 Current liabilities: Short-term bank borrowings 50,000 50,000 7,272 Accounts and notes payable 157,970 258,048 37,532 Accrued expenses and other payables 368,190 392,619 57,104 Advance from customers 403,244 670,037 97,453 Deferred revenue 49,699 51,026 7,421 Income tax payable 7,400 8,519 1,239 Amounts due to inter-companies (1) 1,863,780 2,117,097 307,919 Amounts due to related parties 16,053 51,763 7,529 Current portion of capital lease obligations 201,315 219,695 31,953 Current portion of long-term bank borrowings 70,289 75,284 10,950 Deferred government grants 4,574 4,173 607 Total current liabilities 3,192,514 3,898,261 566,978 As of December 31, 2017 2018 RMB RMB US$ Non-current Amounts due to inter-companies (1) 1,020,972 1,020,972 148,494 Amounts due to related parties — 504,478 73,373 Non-current portion of long-term bank borrowings 187,638 112,000 16,290 Non-current 687,176 852,287 123,960 Unrecognized tax benefits 13,225 4,938 718 Deferred tax liabilities 109,339 84,568 12,300 Deferred government grants 17,861 11,619 1,690 Total non-current 2,036,211 2,590,862 376,825 Total liabilities 5,228,725 6,489,123 943,803 For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Net revenues 2,938,319 2,578,893 2,532,854 368,388 Net (loss) profit (674,685 ) (567,395 ) 52,986 7,706 For the years ended December 31, 2016 (As adjusted) 2017 (As adjusted) 2018 RMB RMB RMB US$ Net cash generated from operating activities 106,803 448,051 693,620 100,883 Net cash (used in) generated from investing activities (470,955 ) (604,507 ) 132,522 19,279 Net cash generated from (used in) financing activities 145,678 230,921 (423,467 ) (61,590 ) Net (decrease) increase in cash and cash equivalents and restricted cash (218,474 ) 74,465 402,705 58,572 (1) Amounts due to inter-companies consist of intercompany payables to the other companies within the Company for the purchase of telecommunication resources and fixed assets on behalf of the Consolidated VIEs. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
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, determining the fair value of equity method investments, accounting for investments and the subsequent impairment assessment, determining the provision for accounts and other receivable, determining the valuation allowance for deferred tax assets, accounting for share-based compensation arrangements, and determining the standalone lease price. 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 US$, whereas the functional currency of the Company’s PRC subsidiaries and its Consolidated VIEs is the RMB as determined based on the criteria of ASC Topic 830, Foreign Currency Matters The financial statements of the Company and its overseas subsidiaries are translated from the functional currency to the reporting currency, RMB. Transactions denominated in foreign currencies are re-measured re-measured Non-monetary re-measured The Company uses the average exchange rate for the year and the exchange rate at the balance sheet date to translate the operating results and financial position, respectively. Translation differences are recorded in accumulated other comprehensive (loss) income. (e) Convenience translation Amounts in US$ are presented for the convenience of the reader and are translated at the noon buying rate of US$1.00 to RMB6.8755 on December 31, 2018, the last business day in fiscal year 2018, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be converted, realized or settled into US$ at such rate or at any other rate. (f) Cash and cash equivalents Cash and cash equivalents consist of cash on hand and demand deposits placed with banks 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 for capital lease, 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). The Company adopted Accounting Standards Update (“ASU”) No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, beginning-of-period end-of-period (h) Short-term investments All highly liquid investments with original maturities of greater than three months but less than twelve months, are classified as short-term investments. Interest income is included in earnings. (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 net realizable value. Cost of inventory are determined using the first-in, first-out (k) Property and equipment Property and equipment are stated at cost less accumulated depreciation and any recorded impairment. Property and equipment acquired in a business combination are recognized initially at fair value at the date of acquisition. Property and equipment 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 1-10 years Office equipment 1-8 Motor vehicles 4-8 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 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, Intangibles-Goodwill and Other: Internal-Use 350-40”), internal-use internal-use Intangible assets have weighted average useful lives from the date of purchase/ acquisition as follows: Purchased software 6.5 years Radio spectrum license 15 years Contract backlog* 4.9 years Customer relationships* 8.8 years Supplier relationships* 10 years Licenses* 15 years Trade Name* 20 years Platform software* 5 years Non-compete 5 years Internal-use software 4.9 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 equity investments without readily determinable fair value, equity method investments and available-for-sale Prior to adopting ASC Topic 321, Investments—Equity Securities 325-20, Investments-Other: Cost Method Investments 325-20”). Management regularly evaluates the impairment of equity investments without readily determinable fair value based on the performance and financial position of the investee as well as other evidence of market value. 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 financing needs. An impairment loss is recognized in earnings 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 the investment. The Company adopted ASC 321 on January 1, 2018 and the cumulative effect of adopting the new standard on opening accumulated deficit is nil. Pursuant to ASC 321, equity investments, except for those accounted for under the equity method and those that result in consolidation of the investee and certain other investments, are measured at fair value, and any changes in fair value are recognized in earnings. For equity securities without readily determinable fair value and do not qualify for the existing practical expedient in ASC Topic 820, Fair Value Measurements and Disclosures Pursuant to ASC 321, for equity investments measured at fair value with changes in fair value recorded in earnings, the Company does not assess whether those securities are impaired. For those equity investments that the Company elects to use the measurement alternative, the Company makes a qualitative assessment of whether the investment is impaired at each reporting date. If a qualitative assessment indicates that the investment is impaired, the entity has to estimate the investment’s fair value in accordance with the principles of ASC 820. If the fair value is less than the investment’s carrying value, the entity has to recognize an impairment loss in net income equal to the difference between the carrying value and fair value. Available-for-sale 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 Subtopic 323-10, Investments-Equity Method and Joint Ventures: Overall 323-10”). 323-10 323-10. (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. In accordance with ASC Topic 350, Goodwill and Other Intangible Assets 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. Prior to the change in segment reporting in 2016, 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. After the disposal of WiFire Entities and Aipu Group as defined in Note 4 in September 2017, the Company determined that there is only hosting and related services remained and hence the Company as a whole is one reporting unit as of December 31, 2018. The Company early adopted ASU No. 2017-04, Simplifying the Test for Goodwill Impairment 2017-04”), Immediately before the disposal of WiFire Entities and Aipu Group in September 2017, the Company completed its impairment test for goodwill in managed network services. 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 five-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 five 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 significant lower than its carrying value, the Company fully impaired goodwill in managed network services and recorded an amount of RMB766 million for impairment loss of goodwill as of December 31, 2017. Pursuant to ASC 350, the Company elected to perform a qualitative assessment for hosting and related services. As of October 1, 2018, the Company completed its annual impairment test for goodwill that has arisen out of its acquisitions. The Company evaluated all relevant factors including, but not limited to, macroeconomic conditions, industry and market conditions, financial performance, and the share price of the Company. The Company weighed all factors in their entirety and concluded that it was not more-likely-than-not No impairment loss of goodwill in hosting and related services was recognized for the years ended December 31, 2016, 2017 and 2018, respectively. (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. As of December 31, 2017, due to continued operational losses, the Company recorded the long-lived assets impairment amounting to RMB170,695 and RMB231,113 for the asset groups of Aipu Group and WiFire Entities, respectively, resulting from excess of the carrying amount of the asset groups over their fair values of the two asset groups, respectively. The Company determined the fair value of the asset groups using the income approach based on the discounted expected cash flows associated with the respective asset groups. The discounted cash flows for the asset groups were based on seven year projections for Aipu and five years for WiFire Entities, which are consistent with the remaining useful lives of its principal assets. Cash flow projections were based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. 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. No impairment was recognized in other assets groups as there was no impairment indicator identified. The impairment loss reduced the carrying amount of the long-lived assets of a group on a pro-rata In 2018, the Company performed a qualitative assessment for impairment on whether events or changes in circumstances indicate that the carrying amount of an asset or a group of long-lived assets might not be recoverable. No impairment was recognized for the year ended December 31, 2018 as there was no impairment indicator identified. The Company recorded impairment charges associated with its long-lived assets and acquired intangibles as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Impairment of equipment 238,144 237,956 — — Impairment of intangible assets 154,803 163,852 — — (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 and long-term bank borrowings, available-for-sale The carrying amounts of long-term bank borrowings approximate their fair values since they bear interest rates which approximate market interest rates. The contingent purchase considerations in both cash and shares and share-settled bonus 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 income (expense). (r) Revenue recognition The Company provides hosting and related services including hosting of customers’ servers and networking equipment, connecting customers’ servers with internet backbones and other value-added services (“Hosting services”), virtual private network services providing encrypted secured connection to public internet (“VPN services”) and public cloud service through strategic partnership with Microsoft (“Cloud services”). On January 1, 2018, the Company adopted ASU No. 2014-09, Revenue from Contracts with Customers Revenue Recognition Under ASC 606, an entity recognizes revenue as the Company satisfies a performance obligation when its customer obtains control of promised goods or services, in an amount that reflects the consideration that the entity expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of ASC 606, the entity performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price, including variable consideration, if any; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration to which it is entitled in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations it must deliver and which of these performance obligations are distinct. The Company recognizes revenue based on the amount of the transaction price that is allocated to each performance obligation when that performance obligation is satisfied or as it is satisfied. The Company is a principal and records revenue on a gross basis when the Company is primarily responsible for fulfilling the service, has discretion in establish pricing and controls the promised service before transferring that service to customers. Otherwise, the Company records revenue at the net amounts as commissions. The Company derives revenue primary from the delivery of Hosting services, VPN services and Cloud services. Hosting services are services that the Company dedicates data center space to house customers’ servers and networking equipment and provides tailored server administration services including operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery. The Company also provides interconnectivity services to connect customers with each other, internet backbones in China and other networks through Border Gateway Protocol, or BGP, network, or single-line, dual-line or multiple-line networks. Hosting services are typically provided to customers for a fixed amount over the contract service period and the related revenues are recognized on a straight-line basis over the term of the contract. For certain contracts where considerations are based on the usage of the Hosting services, the related revenues are recognized based on the consumption at the predetermined rate as the services are rendered throughout the contact term. The Company is a principal and records revenue for Hosting service on a gross basis. VPN services are services that the Company extends customers’ private networks by setting up secure and dedicated connections through the public internet. VPN services are provided to customers for a fixed amount over the contract service period and revenue are recognized on a straight-line basis over the term of the contract. The Company is a principal and records revenue for VPN service on a gross basis. Cloud services allow businesses to run their applications over the internet using the IT infrastructure. Revenue from Cloud services consisted of incentive revenue from Microsoft upon completion of certain conditions and a fixed percentage amount based on gross sales price generated from Cloud services provided to end customers. Cloud services are generally provided to end customers for a fixed amount over the contract period and the related revenues are recognized on a straight-line basis over the contract period. For certain contracts where considerations are based on the usage of the cloud resources, the related revenues are recognized based on the consumption at the predetermined rate as the services are rendered throughout the contract term. The Company records revenue for Cloud service on a net basis. For certain arrangements, customers are required to pay the Company before the services are delivered. When either party to a revenue contract has performed, the Company recognizes a contract asset or a contract liability in the consolidated balance sheet, depending on the relationship between the Company’s performance and the customer’s payment. Contract liabilities were mainly related to fee received for Hosting services to be provided over the contract period, which were presented as deferred revenue on the consolidated balance sheets. Deferred revenue represents the Company’s obligation to transfer the goods or services to a customer for which the Company has received consideration (or an amount of consideration is due) from the customer. As of December 31, 2017 and 2018, the Company has deferred revenue amounting up to RMB55,753 and RMB57,754 (US$8,400), respectively. The increase in deferred revenue as compared to the year ended December 31, 2017 is a result of the increase in consideration received from the customers. Revenue recognized from opening deferred revenue balance was RMB45,492 (US$6,617) for the year ended December 31, 2018. (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 RMB20,420, RMB7,773 and RMB7,968 (US$1,159) for the years ended December 31, 2016, 2017 and 2018, 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 optical fiber, computer and network equipment and property in the years ended December 31, 2016, 2017 and 2018. 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 expenses are capitalized if they are incurred during the acquisition, construction or production of a qualifying asset and such expenses could have been avoided if expenditures for these assets have not been made. As a result of total interest expenses capitalized during the period, the interest expenses for the years ended December 31, 2016, 2017 and 2018, were as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Interest expense and amortization cost of bonds 113,367 63,354 150,098 21,831 Interest expense on bank borrowings 46,377 87,916 19,395 2,820 Interest expense on capital lease 66,687 63,757 79,935 11,626 Total interest expenses 226,431 215,027 249,428 36,277 Less: Total interest expenses capitalized (27,842 ) (29,714 ) (13,362 ) (1,943 ) Interest expenses, net 198,589 185,313 236,066 34,334 (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 Topic 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 expenses” in the consolidated statements of operations. The Company adopted ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes 2015-17”), non-current (z) Share-based compensation Share options and Restricted Share Units (“RSUs”) granted to employees are accounted for under ASC Topic 718, Compensation—Stock Compensation The Company has elected to recognize compensation expenses 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 expenses using the accelerated method. The Company commences recognition of the related compensation expenses 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 share-based awards with market conditions, the probability to achieve market conditions is reflected in the grant date fair value. The Company recognized the related compensation expenses when the requisite service is rendered using the accelerate method. 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 shares based on its past settlement practices and classifies such portion as a liability in accordance with ASC Topic 480, Distinguishing Liabilities from Equity 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 indi |
Concentration of Risks
Concentration of Risks | 12 Months Ended |
Dec. 31, 2018 | |
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, 2017 and 2018, the aggregate amount of cash and cash equivalents, restricted cash and short-term investments of RMB640,001 and RMB1,131,588 (US$164,583), respectively, were held at major financial institutions located in the PRC, and US$323,434 and US$258,083 (RMB1,774,447), 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, the Company is unlikely to claim its deposits back in full since the bank 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 five largest suppliers, who collectively accounted for 19%, 21% and 19% of the Company’s total bandwidth and cabinet resources for the years ended December 31, 2016, 2017 and 2018, respectively. (iii) Customer Risk—The success of the Company’s business going forward will rely in part on Group’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 12% of the Company’s total net revenues in the year ended December 31, 2018. 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 3% of the Company’s revenues in any given year but in the aggregate, they contributed approximately 4%, 2% and 4% of the Company’s total revenues for the years ended December 31, 2016, 2017 and 2018, 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 and related 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 (appreciation) of the RMB against US$ was approximately 6.8%, (5.8)% and 5.0% in the years ended December 31, 2016, 2017 and 2018, respectively. (e) Interest rate risk The Company is exposed to interest rate risk on its interest-bearing assets and liabilities. As part of its asset and liability risk management, the Company reviews and takes appropriate steps to manage its interest rate exposures on its interest-bearing assets and liabilities. The Company has not been exposed to material risks due to changes in market interest rates, and not used any derivative financial instruments to manage the interest risk exposure during the periods presented. |
Disposal of Subsidiaries
Disposal of Subsidiaries | 12 Months Ended |
Dec. 31, 2018 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Disposal of Subsidiaries | 4. DISPOSAL OF SUBSIDIARIES Disposals in 2017 In September 2017, six wholly-owned subsidiaries engaged in CDN, hosting area network services and route optimization businesses, namely Guangzhou Gehua Network Technology Development Co., Ltd., CYSD, Zhiboxintong (Beijing) Network Technology Co., Ltd., WiFire BJ, BJ Fastweb and SH Guotong and Sichuan Aipu Network Co., Ltd. (“SC Aipu”) and its affiliates (collectively, the “Aipu Group”), which are engaged in the last-mile broadband business, were deconsolidated by the Company. Disposal of WiFire Entities In September 2017, the Company transferred 66.67% of the equity interest in the WiFire Entities for a nominal consideration of RMB6 yuan for each of the WiFire Entities to Beijing TUS Yuanchuang Technology Development Co., Ltd., a wholly-owned subsidiary of Tus-Holdings, 323-10 Disposal of Aipu Group In September 2017, the Company transferred two shares in SC Aipu to Mr. Jian Li, the Co-CEO Subsequently in December 2017, the Company transferred all the remaining 50% equity interest minus one share in SC Aipu to Tibet Xingtao Culture Communications Co., Ltd., one of SC Aipu’s shareholders, for a nominal consideration of RMB1 yuan. In addition to the impairment losses for long-lived assets and goodwill of RMB401,808 and RMB766,440, respectively, recognized in relation to Wifire Entities and Aipu Group before the disposal, the Company recognized a gain on disposal of WiFire Entities and Aipu Group of RMB497,036 for the year ended December 31, 2017. |
Accounts and Notes Receivable,
Accounts and Notes Receivable, Net | 12 Months Ended |
Dec. 31, 2018 | |
Receivables [Abstract] | |
Accounts and Notes Receivable, Net | 5. ACCOUNTS AND NOTES RECEIVABLE, NET Accounts and notes receivable and the allowance for doubtful debt consisted of the following: As of December 31, 2017 2018 RMB RMB US$ Accounts receivable 526,747 592,669 86,200 Notes receivable 2,720 2,606 379 Allowance for doubtful debt (73,656 ) (70,970 ) (10,322 ) 455,811 524,305 76,257 As of December 31, 2017 and 2018, all accounts and notes receivable were due from third party customers. An analysis of the allowance for doubtful debt was as follows: For the years ended December 31, 2017 2018 RMB RMB US$ Balance at beginning of the year 80,910 73,656 10,712 Additional provision charged to expense 69,553 315 46 Write-off (19,766 ) (3,001 ) (436 ) Provision included in disposed subsidiaries (57,041 ) — — Balance at end of the year 73,656 70,970 10,322 |
Short-Term Investments
Short-Term Investments | 12 Months Ended |
Dec. 31, 2018 | |
Investments Schedule [Abstract] | |
Short-Term Investments | 6. SHORT-TERM INVESTMENTS Short-term investments consisted of the following as of December 31, 2017 and 2018: As of December 31, 2017 2018 RMB RMB US$ Time deposits 548,890 245,014 35,636 The Company recorded interest income related to its short-term investments amounting to RMB1,148, RMB4,021 and RMB7,303 (US$1,062) for the years ended December 31, 2016, 2017 and 2018, respectively, in the consolidated statements of operations. |
Prepaid Expenses and Other Curr
Prepaid Expenses and Other Current Assets | 12 Months Ended |
Dec. 31, 2018 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Prepaid Expenses and Other Current Assets | 7. PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consisted of the following: As of December 31, 2017 2018 RMB RMB US$ Prepaid expenses 380,869 565,710 82,279 Staff advances 6,735 10,730 1,561 Interest receivables 17,644 12,037 1,751 Tax recoverables 376,642 421,654 61,327 Deposits 30,669 39,971 5,814 Prepayment for share repurchase plan 42,710 — — Loan to third parties 60,805 58,909 8,567 Other receivables 17,676 48,729 7,086 933,750 1,157,740 168,385 Prepaid expenses mainly represented the unamortized portion of prepayments made to Microsoft for the cloud computing services, and the prepayments to telecommunication operators for bandwidth, data centers or cabinets. |
Property and Equipment, Net
Property and Equipment, Net | 12 Months Ended |
Dec. 31, 2018 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment, Net | 8. PROPERTY AND EQUIPMENT, NET Property and equipment, including those held under capital leases, consisted of the following: As of December 31, 2017 2018 RMB RMB US$ At cost: Property 467,312 753,319 109,566 Leasehold improvements 789,734 932,896 135,684 Computer and network equipment 2,681,759 3,260,336 474,196 Optical fibers 142,723 142,723 20,758 Office equipment 12,671 24,390 3,547 Motor vehicles 1,891 1,841 268 4,096,090 5,115,505 744,019 Less: Accumulated depreciation (1,326,511 ) (1,870,640 ) (272,073 ) 2,769,579 3,244,865 471,946 Construction-in-progress 549,845 786,377 114,374 3,319,424 4,031,242 586,320 Depreciation expense was RMB480,105, RMB523,500 and RMB566,491 (US$82,393) for the years ended December 31, 2016, 2017 and 2018, respectively, and were included in the following captions: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Cost of revenues 397,014 458,655 520,791 75,746 Sales and marketing expenses 3,759 3,188 986 144 General and administrative expenses 45,746 41,675 28,727 4,178 Research and development expenses 33,586 19,982 15,987 2,325 480,105 523,500 566,491 82,393 The carrying amounts of the Company’s property and equipment held under capital leases at respective balance sheet dates were as follows: As of December 31, 2017 2018 RMB RMB US$ Property 365,353 365,353 53,138 Computer and network equipment 497,532 719,676 104,673 Optical fibers 142,723 142,723 20,758 1,005,608 1,227,752 178,569 Less: Accumulated depreciation (262,601 ) (291,579 ) (42,408 ) 743,007 936,173 136,161 Construction-in-progress 130,192 576,022 83,779 873,199 1,512,195 219,940 Depreciation expense of property, computer and network equipment and optical fibers under capital leases was RMB100,157, RMB92,920 and RMB170,264 (US$24,764), for the years ended December 31, 2016, 2017 and 2018, respectively. The carrying amounts of property and equipment pledged by the Company to secure banking borrowings (Note 13) granted to the Company at the respective balance sheet dates were as follows: As of December 31, 2017 2018 RMB RMB US$ Property 143,893 140,393 20,419 Computer and network equipment 200,954 146,159 21,258 Office equipment 85 44 6 |
Intangible Assets, Net
Intangible Assets, Net | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible Assets, Net | 9. INTANGIBLE ASSETS, NET The following table presented 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, 2017 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 Additions 11,073 — — — — — — — — — 9,238 — 20,311 Disposals (5,973 ) — (15,086 ) — (134,706 ) (4,000 ) (7,227 ) (37,270 ) — (4,297 ) (41,660 ) (30,178 ) (280,397 ) Foreign currency translation difference (905 ) (7,781 ) — — — — — — — — — — (8,686 ) Amortization expense (27,011 ) (6,646 ) (748 ) (6,588 ) (52,992 ) (757 ) (19,304 ) (12,217 ) (3,241 ) (3,347 ) (5,524 ) (5,227 ) (143,602 ) Impairment — — — — (87,195 ) (3,532 ) (41,768 ) (22,494 ) — (1,105 ) — (7,758 ) (163,852 ) Intangible assets, net December 31, 2017 50,629 77,141 — 11,750 137,882 4,268 20,144 96,404 683 154 2,060 — 401,115 Additions 18,744 — — — — — — — — — 6,093 — 24,837 Disposals (6,772 ) — — — — — — — — — — — (6,772 ) Foreign currency translation difference 364 3,884 — — — — — — — — — — 4,248 Amortization expense (15,711 ) (8,117 ) — (6,588 ) (24,921 ) (385 ) (3,074 ) (5,813 ) (683 ) (110 ) (2,713 ) — (68,115 ) Intangible assets, net December 31, 2018 47,254 72,908 — 5,162 112,961 3,883 17,070 90,591 — 44 5,440 — 355,313 Intangible assets, net December 31, 2018 (US$) 6,873 10,604 — 751 16,429 565 2,483 13,176 — 6 791 — 51,678 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 mainly represented the telecommunication service license in relation to virtual private network services. Supplier relationships relate to the relationships that arose as a result of existing bandwidth supply agreements with certain network operators, which were valued using a replacement cost method given the relative ease of replacement. Trade names mainly relate to the trade names of Dermot Entities. The intangible assets 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 RMB183,964, RMB143,602 and RMB68,115 (US$9,907) for the years ended December 31, 2016, 2017 and 2018, respectively. The annual estimated amortization expenses for the intangible assets for each of the next five years are as follows: RMB US$ 2019 56,567 8,227 2020 47,232 6,870 2021 45,005 6,545 2022 41,088 5,976 2023 28,322 4,120 218,214 31,738 |
Land Use Rights, Net
Land Use Rights, Net | 12 Months Ended |
Dec. 31, 2018 | |
Text Block [Abstract] | |
Land Use Rights, Net | 10. LAND USE RIGHTS, NET Land use rights held by the Company are amortized over the remaining term of the respective land use rights certificates. As of December 31, 2017 2018 RMB RMB US$ Cost 172,520 159,494 23,197 Accumulated amortization (8,849 ) (12,001 ) (1,745 ) Land use rights, net 163,671 147,493 21,452 The carrying amounts of land use rights pledged by the Company to secure banking borrowings (Note 13) granted to the Company at the respective balance sheet dates were as follows: As of December 31, 2017 2018 RMB RMB US$ Land use rights 16,818 16,403 2,386 |
Goodwill
Goodwill | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill | 11. GOODWILL The changes in the carrying amount of goodwill were as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Balance at beginning of the year 1,755,970 1,755,970 989,530 143,921 Impairment — (766,440 ) — — Balance at end of the year 1,755,970 989,530 989,530 143,921 As of December 31, 2016, goodwill allocated to the reporting units of hosting and related services and managed network services was RMB989,530 and RMB766,440, respectively. In September 2017, goodwill included in managed network services reporting unit was fully impaired immediately before disposal of WiFire Entities and Aipu Group. As of December 31, 2017, no impairment loss of goodwill in hosting and related services was recorded. As of December 31, 2018, the Company has performed a qualitative assessment for hosting and related services and no impairment loss was recorded for this year. |
Long-Term Investments
Long-Term Investments | 12 Months Ended |
Dec. 31, 2018 | |
Investments Schedule [Abstract] | |
Long-Term Investments | 12. LONG-TERM INVESTMENTS The Company’s long-term investments consisted of the following: As of December 31, 2017 2018 RMB RMB US$ Equity investments without readily determinable fair values 57,567 51,410 7,477 Equity method investments 450,822 490,376 71,322 Available-for-sale 2,537 2,537 369 510,926 544,323 79,168 Equity investments without readily determinable fair values The Company disposed an equity investment without readily determinable fair values with a consideration of RMB26,653 (US$3,877) in 2018. The investment income comprised of dividend income of RMB1,821 and RMB406 (US$59), and disposal gain of nil and RMB20,496 (US$2,981) for the years ended December 31, 2017 and 2018, respectively. The Company recorded an impairment loss of long-term investment amounting nil, RMB20,258 and nil for the years ended December 31, 2016, 2017 and 2018, respectively. Equity method investments: As of December 31, 2016 Increase (decrease) As of December 31, 2017 Cost of Share Investments Cost of Share Cost of Share Investments RMB RMB RMB RMB RMB RMB RMB RMB Yizhuang Fund 101,000 85,148 186,148 — 90,888 101,000 176,036 277,036 Unis Tech 49,000 (285 ) 48,175 — (12,676 ) 49,000 (12,961 ) 36,039 Shihua DC Holdings — — — 147,176 (9,429 ) 147,176 (9,429 ) 137,747 WiFire Entities — — — 15,000 (15,000 ) 15,000 (15,000 ) — 150,000 84,863 234,863 162,176 53,783 312,176 138,646 450,822 As of December 31, 2017 Increase (decrease) As of December 31, 2018 Cost of Share Investments Cost of Share Disposal Cost of Share Disposal Investments Investments RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB US$ Yizhuang Fund 101,000 176,036 277,036 — (150,355 ) — 101,000 25,681 — 126,681 18,425 Unis Tech 49,000 (12,961 ) 36,039 (49,000 ) (3,548 ) 16,509 — (16,509 ) 16,509 — — Shihua DC Holdings 147,176 (9,429 ) 137,747 219,447 (24,229 ) — 366,623 (33,658 ) — 332,965 48,428 Jingliang Inter Cloud — — — 6,000 (34 ) — 6,000 (34 ) — 5,966 868 Jingliang Century Cloud — — — 4,000 — — 4,000 — — 4,000 582 Huaye Cloud — — — 23,333 (6,319 ) — 23,333 (6,319 ) — 17,014 2,474 ZJK Energy — — — 5,907 (2,157 ) — 5,907 (2,157 ) — 3,750 545 WiFire Entities 15,000 (15,000 ) — — — — 15,000 (15,000 ) — — — 312,176 138,646 450,822 209,687 (186,642 ) 16,509 521,863 (47,996 ) 16,509 490,376 71,322 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, 2016, 2017 and 2018. 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 ASC Subtopic 323-10, Investments—Equity Method 323-10”). 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 to acquire 49% of equity interest in Unis Tech with the ability to exercise significant influence. In March 2018, the Company disposed all its equity interests in Unis Tech with a total cash consideration of RMB49,000 (US$7,127) and recognized investment loss with an amount of RMB3,548 (US$516) and disposal gain with an amount of RMB16,509 (US$2,401). In March 2017, the Company through its subsidiary, 21Vianet HK, and a third company jointly set up Shihua DC Holdings Inc. (“Shihua DC Holdings”). The Company injected capital of RMB147,176 to acquire 49% of equity interest in Shihua DC Holdings with the ability to exercise significant influence. In the year of 2018, the Company increased the capital injection with the amount of RMB219,447 (US$31,917) on a pro rata basis. In September 2017, after the disposal of 66.67% equity interest in the WiFire Entities, the Company held the remaining 33.33% equity interest in the WiFire Entities, which is accounted for equity method investment at fair value of RMB6 yuan at the disposal date. In December 2017, the Company injected capital of RMB15,000 in the WiFire Entities pursuant to the sale and purchase agreement. As of December 31, 2017, the equity method investment balance is reduced to nil after the pickup of loss in the WiFire Entities. In January 2018, the Company through its subsidiary, 21Vianet Beijing, and a third company jointly set up Beijing Jingliang Interconnected Cloud Technology Inc. (“Jingliang Inter Cloud”) and Jingliang Century Cloud Technology Inc. (“Jingliang Century Cloud”). The Company injected capital of RMB6,000 (US$873) and RMB4,000 (US$582) and the Company held 60% and 40% of equity interest in Jingliang Inter Cloud and Jingliang Century Cloud, respectively. Based on the article of association, the Company cannot exercise control over relevant activities of the investees, but it has the ability to exercise significant influence over operation and financial decisions of Jingliang Inter Cloud and Jingliang Century Cloud. In March 2018, the Company through its subsidiary, 21Vianet Beijing, acquired 50% equity interest in Guangdong Huaye Cloud Inc. (“Huaye Cloud”) with an amount of RMB23,333 (US$3,394), with the ability to exercise significant influence. Available-for-sale Available-for-sale Derivatives and Hedging, . |
Debt Disclosure
Debt Disclosure | 12 Months Ended |
Dec. 31, 2018 | |
Bank Borrowings | |
Debt Disclosure | 13. BANK BORROWINGS Bank borrowings were as follows as of the respective balance sheet dates: As of December 31, 2017 2018 RMB RMB US$ Short-term bank borrowings 50,000 50,000 7,272 Long-term bank borrowings, current portion 70,289 75,284 10,950 120,289 125,284 18,222 Long-term bank borrowings, non-current 187,638 112,000 16,290 Total bank borrowings 307,927 237,284 34,512 The short-term bank borrowings outstanding as of December 31, 2017 and 2018 bore a weighted average interest rate of 4.04% and 4.05% per annum, respectively, and were denominated in RMB. These borrowings were obtained from financial institutions and have terms of one year. The long-term bank borrowings (including current portion) outstanding as of December 31, 2017 and 2018 bore a weighted average interest rate of 5.50% and 5.31% per annum, and were denominated in RMB. These loans were obtained from financial institutions located in the PRC. As of December 31, 2017 and 2018, unused loan facilities for bank borrowings amounted to RMB140,940 and RMB21,375 (US$3,109), respectively. Bank borrowings as of December 31, 2017 and 2018 were secured by the following: December 31, 2017 Short-term bank borrowings Secured by (RMB) 50,000 Secured by restricted cash of RMB50,809. 50,000 Long-term bank borrowings (including current portion) Secured by (RMB) 158,000 Secured by a subsidiary’s fixed assets and land-use 99,927 Unsecured borrowings. 257,927 December 31, 2018 Short-term bank borrowings Secured by (RMB) 50,000 Secured by restricted cash of RMB60,796 (US$8,842). 50,000 Long-term bank borrowings (including current portion) Secured by (RMB) 138,000 Secured by a subsidiary’s fixed assets and land-use 49,284 Unsecured borrowings. 187,284 |
Bonds Payable | |
Debt Disclosure | 16. BONDS PAYABLE On August 17, 2017, the Company issued and sold bonds with an aggregate principal amount of US$200,000 at a coupon rate of 7% per annum, or the original bonds. On September 29, 2017, the Company issued and sold follow-on Net proceeds from 2020 Notes after deducting issuance costs were RMB1,926,419. The proceeds from issuance of 2020 Notes will be used for refinancing outstanding indebtedness, fund future capital needs, and for general corporate purposes. The 2020 Notes are unsecured and rank senior in right of payment to any of the Company’s indebtedness that is expressly subordinated to the bonds; equal in right of payment to any of the Company’s liabilities that are not so subordinated; but rank lower than any secured indebtedness of the Company and all liabilities (including accounts payable) of the Company’s subsidiaries and Consolidated VIEs. The following table summarizes the aggregate required repayments of the principal amounts of the Company’s long-term borrowings, including the bonds payable and bank borrowings (Note 13) in the succeeding five years and thereafter: RMB US$ For the years ending December 31, 2019 125,284 18,222 2020 2,091,460 304,190 2021 39,000 5,672 2022 40,500 5,890 2023 thereafter — — |
Accrued Expenses And Other Paya
Accrued Expenses And Other Payables | 12 Months Ended |
Dec. 31, 2018 | |
Payables and Accruals [Abstract] | |
Accrued Expenses And Other Payables | 14. ACCRUED EXPENSES AND OTHER PAYABLES The components of accrued expenses and other payables were as follows: As of December 31, 2017 2018 RMB RMB US$ Payroll and welfare payables 197,171 224,265 32,618 Value-added tax and other taxes payable 16,951 16,931 2,463 Payables for office supplies and utilities 29,488 21,719 3,159 Payables for the purchase of property and equipment 185,594 207,512 30,181 Payables for the purchase of intangible assets 3,706 4,576 666 Accrued service fees 52,090 41,618 6,053 Interest payables 57,359 54,376 7,909 Liability classified RSU 11,865 4,970 723 Payables for acquisitions 47,755 47,755 6,946 Payables for litigation settlement 9,801 — — Others 45,353 35,598 5,176 657,133 659,320 95,894 |
Capital Leases
Capital Leases | 12 Months Ended |
Dec. 31, 2018 | |
Leases [Abstract] | |
Capital Leases | 15. 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$ 2019 305,710 44,464 2020 217,525 31,638 2021 317,382 46,161 2022 96,990 14,106 2023 and thereafter 575,941 83,767 Total minimum lease payments 1,513,548 220,136 Less: amount representing interest (527,860 ) (76,774 ) Present value of remaining minimum lease payments 985,688 143,362 Capital leases bore weighted average interest rates of 9.93% and 10.37% per annum for the years ended December 31, 2017 and 2018, respectively. |
Deferred Government Grants
Deferred Government Grants | 12 Months Ended |
Dec. 31, 2018 | |
Revenue Recognition and Deferred Revenue [Abstract] | |
Deferred Government Grants | 17. DEFERRED GOVERNMENT GRANTS During the years ended December 31, 2016, 2017 and 2018, the Company received nil, RMB2,877 and RMB500 (US$73), respectively, in government grants from the relevant PRC government authorities for the use in construction of property and equipment. These grants are initially deferred and subsequently recognized in the consolidated statements of operations when the Company has complied with the conditions or performance obligations attached to the related government grants, if any, and the grants are no longer refundable. Grants that subsidize the construction cost of property and equipment are amortized over the life of the related assets as a reduction of the associated depreciation expense. Movements of deferred government grants were as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Balance at beginning of the year 37,620 30,993 22,435 3,263 Additions — 2,877 500 73 Decrease due to disposal of subsidiaries — (3,573 ) — — Recognized as a reduction of depreciation expense (6,627 ) (7,862 ) (7,143 ) (1,039 ) Balance at end of the year 30,993 22,435 15,792 2,297 |
Treasury Stock
Treasury Stock | 12 Months Ended |
Dec. 31, 2018 | |
Equity [Abstract] | |
Treasury Stock | 18. TREASURY STOCK For the years ended December 31, 2016, 2017 and 2018, the Company repurchased the number of 815,525, 3,448,482 and nil ADSs pursuant to the share repurchase plans. For the years ended December 31, 2016, 2017 and 2018, 223,161, nil and nil ADSs were issued to settle the contingent purchase consideration in relation to acquisitions. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive (Loss) Income | 12 Months Ended |
Dec. 31, 2018 | |
Equity [Abstract] | |
Accumulated Other Comprehensive (Loss) Income | 19. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The changes in accumulated other comprehensive (loss) income by component, net of tax of nil, were as follows: Foreign currency RMB Balance as of January 1, 2016 (24,236 ) Current year other comprehensive income 142,526 Balance as of December 31, 2016 118,290 Current year other comprehensive loss (120,963 ) Balance as of December 31, 2017 (2,673 ) Current year other comprehensive income 88,652 Balance as of December 31, 2018 85,979 Balance as of December 31, 2018, in US$ 12,505 |
Mainland China Employee Contrib
Mainland China Employee Contribution Plan | 12 Months Ended |
Dec. 31, 2018 | |
Text Block [Abstract] | |
Mainland China Employee Contribution Plan | 20. 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 RMB130,630, RMB134,053 and RMB122,362 (US$17,797) for the years ended December 31, 2016, 2017 and 2018, respectively. |
Share Based Compensation
Share Based Compensation | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Share Based Compensation | 21. 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”). 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 a share incentive plan in 2014 (the “2014 Plan”). 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 1,059,668, 611,111 and 487,368 RSUs in 2016, 2017 and 2018, 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 expenses using the accelerated recognition method. The Company granted 2,188,226 RSUs in 2018 with performance conditions whereby a predetermined number will vest upon with the achievement of predetermined operation performance targets for the Company. As it is probable for the Company to estimate the operation performance for the Company, the Company commenced recognition of the related compensation expenses using the accelerated recognition method. The Company granted 547,056 RSUs in 2018 with market conditions whereby a predetermined number will vest upon with the achievement of predetermined share price targets for the Company. The probability to achieve market condition is reflected in the grant date fair value of the award and thus compensation cost is recognized when the requisite service is rendered using the accelerated method. The compensation expenses related to remaining unvested share options shall be recognized over the remaining requisite service period or the performance review period. As of December 31, 2018, options to purchase 1,479,214 of ordinary shares were outstanding. The following table summarized the Company’s employee share option activity under the 2010 Plan: Number of Weighted Weighted Aggregate (US$) (Years) (US$) Outstanding, January 1, 2018 1,699,186 0.49 3.5 Exercised (219,972 ) 0.31 Outstanding, December 31, 2018 1,479,214 0.51 2.2 1,370 Vested and expected to vest at December 31, 2018 1,479,214 0.51 2.2 1,370 Exercisable as of December 31, 2018 1,479,214 0.51 2.2 1,370 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, 2018, the Company had options outstanding to purchase an aggregate of 1,479,214 shares with an exercise price below the fair value of the Company’s shares, resulting in an aggregate intrinsic value of RMB9,419 (US$1,370). The aggregate fair value of the outstanding options at the grant date was determined to be RMB14,617 (US$2,126) as of December 31, 2018 and such amount is recognized as share-based compensation expenses 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, 2016, 2017 and 2018 was US$2, nil and nil, respectively. The total fair value of share options exercised during the years ended December 31, 2016, 2017 and 2018 was US$2,147, US$404, and US$239, respectively. The aggregate intrinsic value of options exercised during the years ended December 31, 2016, 2017 and 2018 was US$1,906, US$306, and US$248, respectively. As of December 31, 2018, the Company has recorded all the share-based compensation expenses in relation to outstanding share options. The following table summarized the Company’s RSUs activity under the 2014 Plan: Number of Weighted Weighted Aggregate (US$) (Years) (US$) Unvested, January 1, 2018 1,516,898 11.76 7.9 Granted 3,222,650 6.39 Vested (852,593 ) 11.05 Forfeited (668,503 ) 14.95 Unvested, December 31, 2018 3,218,452 6.66 9 27,807 Share-based compensation expenses for RSUs are measured based on the closing fair market value of the Company’s ADS on the date of grant and the reporting date for liability classified RSUs, respectively. The aggregate fair value of the unvested RSUs as of December 31, 2018 was RMB191,187 (US$27,807), and such amount is recognized as share-based compensation expenses 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, market conditions and share-settled bonuses. The weighted average grant date fair value of RSUs granted during the years ended December 31, 2016, 2017 and 2018 was US$8.85, US$6.31 and US$6.39, respectively. The total fair value of RSUs vested during the years ended December 31, 2016, 2017 and 2018 was US$14,849, US$18,238 and US$9,422, respectively. As of December 31, 2018, there was RMB84,307 (US$12,262) of unrecognized share-based compensation expenses related to RSUs which is expected to be recognized over a weighted average vesting period of 3.6 years. Total unrecognized share-based compensation expenses may be adjusted for future changes when actual forfeitures incurred. (b) Shares issued to management of Dermot Entities For the years ended December 31, 2016, 2017 and 2018, the Company recorded share-based compensation expenses of RMB10,871, RMB5,752 and nil within the Company’s consolidated statements of operations, respectively. Total share-based compensation expenses relating to share options and RSUs granted to employees recognized for the years ended December 31, 2016, 2017 and 2018 were as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Cost of revenues (4,110 ) (277 ) 2,668 388 Sales and marketing expenses 2,490 (681 ) 2,139 311 General and administrative expenses 123,273 47,945 53,346 7,759 Research and development expenses (2,924 ) 142 1,385 201 118,729 47,129 59,538 8,659 |
Taxation
Taxation | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Taxation | 22. 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. Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gain arising in Cayman Islands. Additionally, upon payments of dividends by the Company to its shareholders, no Cayman Islands withholding tax will be imposed. British Virgin Islands Subsidiaries in British Virgin Islands are not subject to tax on income or capital gains under the current laws of the British Virgin Islands. Additionally, upon payments of dividends by the Company to its shareholders, no BVI withholding tax will be imposed. Hong Kong Subsidiaries in Hong Kong are subject to Hong Kong profits tax rate of 16.5% for the years ended December 31, 2016, 2017 and 2018. They may be exempted from income tax on their foreign-derived income and there are no withholding taxes in Hong Kong on remittance of dividends. Taiwan DYX Taiwan branch is incorporated in Taiwan and is subject to Taiwan profits tax rate of 17% for the years ended December 31, 2016, 2017 and 2018. The PRC The Company’s PRC subsidiaries are incorporated in the PRC and subject to the statutory rate of 25% on the taxable income in accordance with the Enterprise Income Tax Law (The “EIT Law”), which was effective since January 1, 2008, except for certain entities eligible for preferential tax rates. Dividends, interests, rent or royalties payable by the Company’s PRC subsidiaries, to non-PRC non-resident non-PRC 21Vianet Beijing was qualified for a High and New Technology Enterprise (“HNTE”) since 2008 and is eligible for a 15% preferential tax rate. In October 2014, 21Vianet Beijing obtained a new certificate and renewed the certificate in October 2017, which will expire in October 2020. In accordance with the PRC Income Tax Laws, an enterprise awarded with the HNTE certificate may enjoy a reduced EIT rate of 15%. For the years ended December 31, 2016, 2017 and 2018, 21Vianet Beijing enjoyed a preferential tax rate of 15%. In April 2011, Xi’an Sub, a subsidiary located in Shaanxi Province, was qualified for a preferential tax rate of 15% and started to apply this rate from then on. The preferential tax rate is awarded to companies that are located in West Regions of China which operate in certain encouraged industries. This qualification will need to be assessed on an annual basis. For the years ended December 31, 2016, 2017 and 2018, the tax rate assessed for Xi’an Sub was 25%, 25% and 15%, respectively. In 2013, BJ iJoy was qualified as a software enterprise which allows BJ iJoy to utilize a two-year In October 2015, SH Blue Cloud, a subsidiary located in Shanghai, was qualified for a HNTE and became eligible for 15% preferential tax rate effective for three consecutive years. The certificate was renewed in October 2018 which will expire in October 2021. Accordingly, for the years ended December 31, 2016, 2017 and 2018, SH Blue Cloud enjoyed a preferential tax rate of 15%. In November 2016, SZ DYX, a subsidiary located in Guangdong Province, was qualified for a HNTE and became eligible for 15% preferential tax rate effective for three consecutive years, expiring in November 2019 and thereafter for an additional three years if it is able to meet HNTE technical and administrative requirements in those three years. Accordingly, for the years ended December 31, 2016, 2017 and 2018, SZ DYX enjoyed a preferential tax rate of 15%. 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, 2018, 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 will be subject to 25% PRC EIT under the New EIT Law on its worldwide income, meanwhile the dividend it receives from another PRC tax resident company will be exempted from 25% PRC income tax. The Company will continue to monitor changes in the interpretation or guidance of this law. Loss before income taxes consisted of: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Non-PRC (155,364 ) (286,388 ) (214,063 ) (31,136 ) PRC (787,718 ) (721,426 ) 51,738 7,525 (943,082 ) (1,007,814 ) (162,325 ) (23,611 ) Income tax benefits (expenses) comprised of: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Current (54,772 ) (37,856 ) (44,187 ) (6,426 ) Deferred 65,932 128,026 19,776 2,876 11,160 90,170 (24,411 ) (3,550 ) The reconciliation of tax computed by applying the statutory income tax rate of 25% for the years ended December 31, 2016, 2017 and 2018 applicable to the PRC operations to income tax benefits (expenses) was as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Loss before income taxes (943,082 ) (1,007,814 ) (162,325 ) (23,611 ) Income tax benefits computed at applicable tax rates (25%) 235,770 251,954 40,581 5,902 Non-deductible (16,610 ) (5,468 ) (2,834 ) (412 ) Research and development expenses 7,766 11,895 25,906 3,768 Effect of tax holidays 1,691 — — — Preferential rate (11,060 ) (90,076 ) 11,701 1,702 Current and deferred tax rate differences (1,521 ) 33,366 37,934 5,517 International rate differences (51,392 ) 59,029 (63,525 ) (9,239 ) Tax exempted income 9,878 — — — Unrecognized tax benefits (14,525 ) (6,259 ) 1,472 214 Deferred tax expense 1,516 2,851 — — Change in valuation allowance (158,724 ) (174,388 ) (79,694 ) (11,591 ) Prior year provision to return true up 8,371 7,266 4,048 589 Income tax benefits (expenses) 11,160 90,170 (24,411 ) (3,550 ) The benefit of the tax holiday per basic and diluted earnings per share was as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Basic 0.003 — — — Diluted 0.003 — — — Deferred Tax The significant components of deferred taxes were as follows: As of December 31, 2017 2018 RMB RMB US$ Deferred tax assets Non-current Allowance for doubtful debt 33,978 38,993 5,670 Accrued expenses 7,409 25,894 3,766 Tax losses 135,433 153,171 22,278 Property and equipment 7,642 15,299 2,226 Intangible assets 2,976 2,221 323 Capital lease 22,006 50,980 7,415 Deferred government grants 3,728 2,662 387 Disposal loss on long-term investments 57,697 49,007 7,128 Loss picked up on equity method investments 6,919 5,878 855 Valuation allowance (104,970 ) (184,664 ) (26,858 ) Total deferred tax assets 172,818 159,441 23,190 Deferred tax liabilities Non-current Intangible assets 97,915 89,536 13,022 Property and equipment 49,676 48,496 7,053 Capitalized interest expenses 16,185 15,837 2,303 Gain picked up from equity method investments 27,097 3,851 561 Total deferred tax liabilities 190,873 157,720 22,939 Valuation allowance is considered for each of the entities. Realization of the net deferred tax assets is dependent on factors including future reversals of existing taxable temporary differences and adequate future taxable income, exclusive of reversing deductible temporary differences and tax loss or credit carry forwards. The Company evaluates the potential realization of deferred tax assets on an entity-by-entity As of December 31, 2018, the Company has net tax operating losses from its PRC subsidiaries and its Consolidated VIEs, as per filed tax returns, of RMB454,513 (US$66,106), which will expire between 2019 to 2028. As of December 31, 2018, the Company intends to permanently reinvest the undistributed earnings from other foreign subsidiaries to fund future operations. As of December 31, 2018, the total amount of undistributed earnings from its PRC subsidiaries as well as VIEs was RMB1,123,491 (US$163,405). 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, 2017 and 2018, the Company recorded unrecognized tax benefits of RMB16,511 and RMB6,677 (US$971), respectively. The unrecognized tax benefits and its related interest are primarily related to non-deductible A roll-forward of unrecognized tax benefits principal was as follows: For the years ended December 31, 2017 2018 RMB RMB US$ Balance at beginning of year 23,220 11,582 1,685 Reversal based on tax positions related to prior years (8,880 ) (9,070 ) (1,319 ) Additions based on tax positions related to the current year 4,825 1,997 290 Decrease due to disposal of subsidiaries (7,583 ) — — Balance at end of year 11,582 4,509 656 For the years ended December 31, 2016, 2017 and 2018, the Company recorded (reversed) interest expenses of RMB2,779, RMB674 and RMB(2,761) (US$(402)), respectively. Accumulated interest expenses recorded by the Company was RMB4,929 and RMB2,168 (US$315) as of December 31, 2017 and 2018, respectively. As of December 31, 2018, the tax years ended December 31, 2013 through 2018 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, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 23. RELATED PARTY TRANSACTIONS a) Related parties * Name of related parties Relationship with the Company Shanghai Shibei Hi-Tech Noncontrolling shareholder of a subsidiary A PRC citizen Seller of iJoy Mr. Li (3) Seller of Aipu Group Dyxnet Internet Center Limited (“DIC”) A related party of seller of Dermot Entities Beijing Cheetah Mobile Technology Co., Ltd. (1) A company controlled by principal shareholder of the Company Beijing Kingsoft Cloud Network Technology Co., Ltd. (1) A company controlled by principal shareholder of the Company Xiaomi Communication Technology Co., Ltd., and its subsidiary, Beijing Xiaomi Mobile Software Co., Ltd. (2) A group controlled by principal shareholder of the Company WNT Technology Limited (“WNT Technology”) A related party of seller of Dermot Entities Chengdu Guotao Communication Co., Ltd. (“CD Guotao”) (3) A related party of the controlling shareholder of Aipu Group Dyxnet Data Centre Services Limited (“DCSS”) A related party of seller of Dermot entities Beijing Chengyishidai Network Engineering Technology Co., Ltd. (“CYSD”) (4) Equity investee of the Company WiFire (Beijing) Technology Co., Ltd. (“WiFire BJ”) (4) Equity investee of the Company Beijing Fastweb Network Technology Co., Ltd. (“BJ Fastweb”) (4) Equity investee of the Company Shanghai Fawei Technology Co., Ltd. (“SH Fawei”) (4) Equity investee of the Company Wuhan Fastweb Cloud Computing Co., Ltd. (“WH Fastweb”) (4) Equity investee of the Company Beijing Bozhi Ruihai Network Technology Co., Ltd. (“BZRH”) (4) Equity investee of the Company Unisvnet Technology Co., Ltd. (“Unisvnet”) A company controlled by controlling shareholder of the Company Beijing Taiji Data Tech Co., Ltd. (“Taiji”) Equity investee of the Company WiFire (Shanghai) Network Technology Co., Ltd. (“SH Guotong”) Equity investee of the Company Jingliang Interconnected Cloud Technology Co., Ltd. (“Jingliang Inter Cloud”) Equity investee of the Company Beijing Tuspark Harmonious Investment Development Co., Ltd. (“Tuspark Harmonious”) A company controlled by controlling shareholder of the Company Ziguang Financial Leasing Co., Ltd. (“Ziguang Financial Leasing”) A company controlled by controlling shareholder of the Company Shihua DC Investment Holdings 2 Limited (“Shihua DC Holdings”) A joint venture under equity method investment of the Company * These are the related parties that have engaged in significant transactions with the Company for the years ended December 31, 2016, 2017 and 2018. (1) These companies and Kingsoft are ultimately controlled by the same party. Kingsoft made a significant investment in the Company in 2015. (2) These companies and Xiaomi are ultimately controlled by the same party. Xiaomi made a significant investment in the Company in 2015. (3) These entities ceased to be related parties immediately after the disposal of Aipu Group in 2017. (4) These entities were disposed by the Company in September 2017, included in WiFire Entities, and determined by the Company as related parties as of December 31, 2017 and 2018. b) Other than disclosed elsewhere, the Company had the following significant related party transactions for the years ended December 31, 2016, 2017 and 2018: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Services provided to: - Xiaomi Group 125,147 220,110 374,085 54,408 - WiFire BJ — 9,726 16,490 2,398 - Taiji — — 13,681 1,990 - BJ Kingsoft 19,471 8,046 6,281 914 - BJ Cheetah 9,478 5,128 2,079 302 - Unisvnet — — 1,011 147 - Others 2,413 3,314 4,493 653 Services provided by: - CYSD — 2,979 18,667 2,715 - BJ Kingsoft 1,045 7,775 13,204 1,920 - Taiji — — 7,095 1,032 - DCSS 10,883 6,424 5,238 762 - BZRH — — 4,239 617 - WiFire BJ — 1,616 4,066 591 - Jingliang Inter Cloud — — 3,477 506 - Others 9,178 2,632 6,396 963 Sales of equipment and property to: - BJ Fastweb — 1,021 — — Purchases of equipment and property from: - WNT Technology — 2,629 — — - DIC 3,079 1,234 — — Loan to: - BJ Fastweb — 20,000 — — Loan from: - CD Guotao 3,483 — — — Interest income from loan to: - BJ Fastweb — 210 700 102 Lease deposit paid to: - Tuspark Harmonious — — 11,472 1,669 - Ziguang Financial Leasing — — 2,042 297 Lease payment paid to: - Ziguang Financial Leasing — — 4,897 712 c) The Company had the following related party balances as of December 31, 2017 and 2018: As of December 31, 2017 2018 RMB RMB US$ Amounts due from related parties: Current: - Xiaomi Group 39,016 41,159 5,986 - WiFire BJ 15,321 36,578 5,320 - SH Fawei 10,332 13,742 1,999 - Taiji — 13,542 1,970 - SH Shibei 9,800 9,800 1,425 - WH Fastweb 4,600 5,131 746 - Unisvnet — 1,072 156 - BJ Kingsoft 5,663 982 143 - Seller of iJoy 26,137 — — - Others 3,387 3,440 500 114,256 125,446 18,245 Non-current: - BJ Fastweb 20,210 20,910 3,041 - Tuspark Harmonious — 11,472 1,669 - Ziguang Financial Leasing — 2,042 297 20,210 34,424 5,007 Amounts due to related parties: Current: - Tuspark Harmonious — 13,850 2,014 - Ziguang Financial Leasing — 8,938 1,300 - SH Guotong — 8,135 1,183 - CYSD 3,618 7,158 1,041 - Taiji — 6,724 978 - BZRH 9,358 5,088 740 - BJ Kingsoft 2,070 609 89 - Seller of iJoy 39,068 — — - Others 1,561 1,826 266 55,675 52,328 7,611 Non-current: - Tuspark Harmonious — 443,622 64,522 - Shihua DC Holdings — 48,329 7,029 - Ziguang Financial Leasing — 12,527 1,822 — 504,478 73,373 |
Segment Reporting
Segment Reporting | 12 Months Ended |
Dec. 31, 2018 | |
Segment Reporting [Abstract] | |
Segment Reporting | 24. SEGMENT REPORTING As of December 31, 2016, the operations of the Company were organized into two segments, consisting of the hosting and related services and managed network services. The Company derived 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. After disposal of WiFire Entities and Aipu Group in September 2017 (Note 4), the Company had only one reporting segment as of December 31, 2017 and 2018. Because substantially all of the Company’s long-lived assets and revenues are located in and derived from the PRC, geographical segments are not presented. For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Hosting and related services Revenues 2,668,655 2,975,178 3,401,037 494,660 Cost (1,936,658 ) (2,130,279 ) (2,456,166 ) (357,235 ) Gross profit 731,997 844,899 944,871 137,425 Operating income (expenses) Operating income 6,783 5,439 5,027 731 Sales and marketing expenses (144,335 ) (171,761 ) (172,176 ) (25,042 ) Research and development expenses (87,227 ) (97,597 ) (92,109 ) (13,397 ) General and administrative expenses (404,181 ) (417,154 ) (462,637 ) (67,288 ) (Allowance) reversal for doubtful debt (78,330 ) (6,257 ) 598 87 Changes in the fair value of contingent purchase consideration payables 19,394 (937 ) 13,905 2,022 Operating profit 44,101 156,632 237,479 34,538 Managed network services Revenues 973,119 417,527 — — Cost (992,980 ) (504,016 ) — — Gross loss (19,861 ) (86,489 ) — — Operating expenses Sales and marketing expenses (208,591 ) (84,921 ) — — Research and development expenses (62,110 ) (51,546 ) — — General and administrative expenses (235,467 ) (102,796 ) — — Allowance for doubtful debt (39,234 ) (31,170 ) — — Changes in the fair value of contingent purchase consideration payables 73,913 — — — Impairment of goodwill — (766,440 ) — — Impairment of long-lived assets (392,947 ) (401,808 ) — — Operating loss (884,297 ) (1,525,170 ) — — Group consolidated revenue 3,641,774 3,392,705 3,401,037 494,660 Group consolidated operating (loss) profit (840,196 ) (1,368,538 ) 237,479 34,538 |
Restricted Net Assets
Restricted Net Assets | 12 Months Ended |
Dec. 31, 2018 | |
Receivables [Abstract] | |
Restricted Net Assets | 25. 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, 2018 | |
Earnings Per Share [Abstract] | |
Loss Per Share | 26. LOSS PER SHARE Basic and diluted loss per share for each of the years presented were calculated as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Numerator: Net loss (931,922 ) (917,644 ) (186,736 ) (27,161 ) Net loss (profit) attributable to noncontrolling interest and redeemable noncontrolling interest 298,324 144,914 (18,329 ) (2,666 ) Net loss attributable to ordinary shareholders (633,598 ) (772,730 ) (205,065 ) (29,827 ) Plus increase in accretion of redeemable noncontrolling interests (210,484 ) (141,896 ) — — Adjusted net loss attributable to ordinary shareholders (844,082 ) (914,626 ) (205,065 ) (29,827 ) Denominator: Weighted average number of shares outstanding—basic 617,169,833 672,836,226 674,732,130 674,732,130 Weighted average number of shares outstanding—diluted 617,169,833 672,836,226 674,732,130 674,732,130 Loss per share—Basic: Net loss (1.37 ) (1.36 ) (0.30 ) (0.04 ) (1.37 ) (1.36 ) (0.30 ) (0.04 ) Loss per share—Diluted: Net loss (1.37 ) (1.36 ) (0.30 ) (0.04 ) (1.37 ) (1.36 ) (0.30 ) (0.04 ) In 2016, 2017 and 2018, the Company issued 4,500,000, 9,000,000 and nil 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. |
Share Capital
Share Capital | 12 Months Ended |
Dec. 31, 2018 | |
Federal Home Loan Banks [Abstract] | |
Share Capital | 27. SHARE CAPITAL 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. For the years ended December 31, 2016, 2017 and 2018, 3,261,456, 3,119,052 and 3,070,500 Class A ordinary shares were issued to settle the share options exercised and RSUs vested. |
Redeemable Noncontrolling Inter
Redeemable Noncontrolling Interests | 12 Months Ended |
Dec. 31, 2018 | |
Noncontrolling Interest [Abstract] | |
Redeemable Noncontrolling Interests | 28. REDEEMABLE NONCONTROLLING INTERESTS In May 2014, the Company acquired 50% equity interests plus one share in SC Aipu. The sale and purchase agreement also provided put options that allows the seller of Aipu Group 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 seller of Aipu Group in the subsequent tranches. The noncontrolling interests are to be redeemed by the Company at the option of the seller of Aipu Group (“Written Put Option”) 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 480. As of December 31, 2015 and 2016, as the remaining 50% equity interests are held by a few non-controlling non-controlling Consolidation paid-in Upon the disposal of Aipu Group in September 2017, the redeemable noncontrolling interests recognized was reversed due to the deconsolidation of Aipu Group. However, as the Written Put Option outstanding is legally detachable separately exercisable from the 50% minus one share of equity in Aipu Group held by the Company, the Written Put Option qualifies as a freestanding financial instrument as defined under ASC Topic 480 and the Written Put Option is accounted as derivative liability pursuant to ASC 815. However, in December 2017 as part of the transfer of all the remaining 50% equity interest, the Written Put Option was terminated and the gain was recognized as part of the disposal of subsidiaries for the year ended December 31, 2017. For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Balance at beginning of the year 790,229 700,000 — — Loss for the year (300,713 ) (141,896 ) — — Increase in accretion of redeemable noncontrolling interests 210,484 141,896 — — Reversal due to extinguishment of put option — (700,000 ) — — Balance at end of the year 700,000 — — — |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | 29. FAIR VALUE MEASUREMENTS The Company applies ASC 820. ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. ASC 820 requires disclosures to be provided on fair value measurement. 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, time deposits and bonds payable are classified within Level 1 because they are valued by using quoted market prices. The contingent purchase consideration payable for the acquired businesses, the share-settled bonus, liability classified RSU and available-for-sale debt securities are classified within Level 3. The contingent purchase 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 The Company measures equity investments elected to use the measurement alternative at fair value on a nonrecurring basis, in the cases of an impairment charge is recognized, fair value of an investment is remeasured in an acquisition/a disposal, and an orderly transaction for identical or similar investments of the same issuer was identified. Assets and liabilities measured at fair value on a recurring basis were summarized below: Fair value measurement using: Quoted prices in Significant other Unobservable Fair value at RMB RMB RMB RMB Cash equivalents: - Time deposits 874,786 — — 874,786 Short-term investments: - Time deposits 548,890 — — 548,890 Long-term investments - Available-for-sale — — 2,537 2,537 Assets 1,423,676 — 2,537 1,426,213 Long-term borrowings: - Bonds payable 1,980,529 — — 1,980,529 Other liabilities: - Liability classified RSU — — 11,865 11,865 Amounts due to related parties: - Contingent purchase consideration payable in relation to the acquisition of subsidiaries — — 36,734 36,734 Liabilities 1,980,529 — 48,599 2,029,128 Fair value measurement using: Quoted prices in Significant other Unobservable Fair value at RMB RMB RMB RMB US$ Cash equivalents: - Time deposits 1,194,425 — — 1,194,425 173,722 Short-term investments: - Time deposits 245,014 — — 245,014 35,636 Long-term investments - Available-for-sale — — 2,537 2,537 369 Assets 1,439,439 — 2,537 1,441,976 209,727 Long-term borrowings: - Bonds payable 2,030,361 — — 2,030,361 295,304 Other liabilities: - Liability classified RSU — — 4,970 4,970 723 Liabilities 2,030,361 — 4,970 2,035,331 296,027 The following table presented a reconciliation of all liabilities measured at fair value on a recurring basis using significant unobservable inputs (level 3): Contingent purchase RMB Fair value at January 1, 2017 65,797 Changes in the fair value 937 Settlement of contingent purchase consideration payable (30,000 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2017 36,734 Changes in the fair value (13,905 ) Settlement of contingent purchase consideration payable (22,829 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2018 — Fair value at December 31, 2018 (US$) — Share-settled bonus RMB Fair value at January 1, 2017 37,526 Changes in the fair value (810 ) Reclassification to equity (22,752 ) Bonuses settled in cash during 2017 (13,964 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2017 — Transfers in and/or out of Level 3 — Fair value at December 31, 2018 — Fair value at December 31, 2018 (US$) — Liability classified RMB Fair value at January 1, 2017 34,612 Increase in liability classified RSU 61,903 Reclassification to equity (84,650 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2017 11,865 Reclassification to equity (587 ) Reversal of share-settled bonus (6,308 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2018 4,970 Fair value at December 31, 2018 (US$) 723 |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 30. COMMITMENTS AND CONTINGENCIES Capital commitments As of December 31, 2018, the Company has the following commitments to purchase certain computer and network equipment and construction in progress: RMB US$ 2019 1,148,922 167,104 2020 281,529 40,947 2021 147,609 21,469 2022 104,645 15,220 2023 and thereafter 708,597 103,062 2,391,302 347,802 Operating lease commitments The Company leases facilities in the PRC, Hong Kong and United States under non-cancelable non-cancelable RMB US$ 2019 171,404 24,930 2020 131,268 19,092 2021 151,428 22,024 2022 96,025 13,966 2023 and thereafter 813,854 118,370 1,363,979 198,382 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, 2018, the Company has outstanding purchase commitments in relation to bandwidth and cabinet capacity consisting of the following: RMB US$ 2019 480,159 69,836 2020 196,274 28,547 2021 53,537 7,787 2022 51,166 7,442 2023 and thereafter 8,942 1,300 790,078 114,912 Managed Network Services As of December 31, 2018, the Company was still 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 purchase 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, 2018, the Company has recognized an accrual of RMB6,677 (US$971) for unrecognized tax benefits and its interest expenses (Note 22). 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, 2018, the Company classified the accrual for unrecognized tax benefits as a non-current Securities Litigation In 2014, 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. In 2016, the Company filed a motion to dismiss the complaint and in 2017, the magistrate judge issued a report and recommendation to deny the Company’s motion to dismiss. On April 9, 2018, the lead plaintiff of the putative class action filed an unopposed motion for preliminary approval of class action settlement, requesting that, among others, the Court preliminarily approve a settlement agreement that the parties reached to settle the case for RMB58,808 (US$9,000). The unopposed motion for preliminary approval is currently pending before the Court. The Company assessed that the settlement is probable and recorded an estimated loss after deduction of insurance claim of RMB10,007 within accrued expenses and other payables in the consolidated balance sheets as of December 31, 2017. The Company has paid the settlement amount as of December 31, 2018. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events | 31. SUBSEQUENT EVENTS On December 25, 2018, the Company through its subsidiary, 21Vianet Beijing entered into a share purchase agreement to acquire 100% equity interests in Beijing Shuhai Data Technology Co., Ltd (“BJ Shuhai”) with total cash consideration of RMB100,000 (US$14,544) in installment upon achievement of certain conditions. The purpose is to establish a new data center with the acquired property. As of December 31, 2018, the transaction was not yet closed. |
Parent Company Only Condensed F
Parent Company Only Condensed Financial Information | 12 Months Ended |
Dec. 31, 2018 | |
Condensed Financial Information Disclosure [Abstract] | |
Parent Company Only Condensed Financial Information | 32. PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed balance sheets As of December 31, Notes 2017 2018 RMB RMB US$ ASSETS Current assets Cash and cash equivalents 845,632 590,470 85,880 Restricted cash 71,412 — — Short-term investments 548,873 150,990 21,961 Prepaid expenses and other current assets 131,834 98,337 14,303 Amount due from a related party (b ) 26,137 — — Amounts due from subsidiaries (b ) 4,285,743 5,062,149 736,259 Total current assets 5,909,631 5,901,946 858,403 Non-current Investments in subsidiaries and Consolidated VIEs 1,259,455 1,364,685 198,485 Total non-current 1,259,455 1,364,685 198,485 Total assets 7,169,086 7,266,631 1,056,888 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accrued expenses and other payables 70,504 56,656 8,241 Accounts payable 6,351 2,725 396 Interest payable 56,809 53,965 7,849 Amount due to a related party (b ) 39,068 — — Amounts due to subsidiaries (b ) 17,613 21,242 3,090 Total current liabilities 190,345 134,588 19,576 Non-current Bonds payable (d ) 1,929,208 2,037,836 296,391 Total non-current 1,929,208 2,037,836 296,391 Total liabilities 2,119,553 2,172,424 315,967 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; 496,636,128 and 499,706,628 shares issued and outstanding as of December 31, 2017 and 2018, respectively) 34 34 5 Class B Ordinary shares (par value of US$0.00001 per share; 300,000,000 and 300,000,000 shares authorized; 174,649,638 and 174,649,638 shares issued and outstanding as of December 31, 2017 and 2018, respectively) 12 12 2 Additional paid-in 8,980,407 9,141,494 1,329,574 Accumulated other comprehensive (loss) income (2,673 ) 85,979 12,505 Accumulated deficit (3,590,564 ) (3,795,629 ) (552,051 ) Treasury stock (337,683 ) (337,683 ) (49,114 ) Total shareholders’ equity 5,049,533 5,094,207 740,921 Total liabilities and shareholders’ equity 7,169,086 7,266,631 1,056,888 Condensed statements of operations For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Operating Expenses General and administrative expenses (124,450 ) (145,890 ) (65,949 ) (9,592 ) Changes in the fair value of contingent purchase consideration payables 93,307 (937 ) 13,905 2,022 Operating loss (31,143 ) (146,827 ) (52,044 ) (7,570 ) Other loss (169,915 ) (95,210 ) (262,186 ) (38,134 ) Share of (losses) profit from subsidiaries and Consolidated VIEs (432,540 ) (530,693 ) 109,165 15,877 Loss before income taxes (633,598 ) (772,730 ) (205,065 ) (29,827 ) Income tax expense — — — — Net loss (633,598 ) (772,730 ) (205,065 ) (29,827 ) Condensed statements of comprehensive loss For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Net loss (633,598 ) (772,730 ) (205,065 ) (29,827 ) Other comprehensive income (loss), net of tax of nil: Foreign currency translation adjustments, net of tax of nil 142,526 (120,963 ) 88,652 12,894 Other comprehensive income (loss), net of tax of nil: 142,526 (120,963 ) 88,652 12,894 Comprehensive loss (491,072 ) (893,693 ) (116,413 ) (16,933 ) Comprehensive loss attributable to the Company’s ordinary shareholders (491,072 ) (893,693 ) (116,413 ) (16,933 ) Condensed statements of cash flows For the years ended December 31, 2016 (As adjusted) 2017 (As adjusted) 2018 RMB RMB RMB US$ Net cash used in operating activities (78,567 ) (18,324 ) (166,068 ) (24,154 ) Net cash used in investing activities (617,613 ) (1,291,042 ) (203,651 ) (29,620 ) Net cash generated from (used in) financing activities 2,254,577 (130,187 ) 43,145 6,275 Net increase (decrease) in cash and cash equivalents and restricted cash 1,558,397 (1,439,553 ) (326,574 ) (47,499 ) Cash and cash equivalents and restricted cash at beginning of the year 798,200 2,356,597 917,044 133,379 Cash and cash equivalents and restricted cash at end of the year 2,356,597 917,044 590,470 85,880 (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 subsidiaries 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 Company’s consolidated financial statements. (b) Related party transactions The Company had the following related party balances as of December 31, 2017 and 2018: As of December 31, 2017 2018 RMB RMB US$ Amounts due from subsidiaries - 21Vianet HK 4,143,269 4,938,618 718,292 - HongKong Fastweb Holdings Co., Ltd. 61,637 65,976 9,596 - 21V Mobile 50,453 52,579 7,647 - Ventures 25,549 — — - WiFire Open Network Group Ltd. 4,170 4,277 622 - WiFire Group Inc. 653 686 100 - Others 12 13 2 4,285,743 5,062,149 736,259 Amount due from a related party Current: - Seller of iJoy 26,137 — — Amounts due to subsidiaries - 21Vianet Beijing 17,595 18,351 2,669 - Others 18 2,891 421 17,613 21,242 3,090 As of December 31, 2017 2018 RMB RMB US$ Amount due to a related party Current: - Seller of iJoy 39,068 — — (c) Commitments Operating lease commitments The Company leases a facility in the United States under non-cancelable As of December 31, 2018, the Company has future minimum lease payments under non-cancelable RMB US$ 2019 7,878 1,146 2020 7,564 1,100 2021 7,564 1,100 2022 7,564 1,100 2023 and thereafter 8,941 1,300 39,511 5,746 (d) Bonds payable On August 17, 2017, the Company issued and sold bonds with an aggregate principal amount of US$200,000 at a coupon rate of 7% per annum or the Original Bonds. On September 29, 2017, the Company issued and sold follow-on Net proceeds from the 2020 Notes after deducting issuance costs were RMB1,926,419. The proceeds from issuance of 2020 Notes will be used for refinancing outstanding indebtedness, fund future capital needs, and for general corporate purposes. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
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, determining the fair value of equity method investments, accounting for investments and the subsequent impairment assessment, determining the provision for accounts and other receivable, determining the valuation allowance for deferred tax assets, accounting for share-based compensation arrangements, and determining the standalone lease price. 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 US$, whereas the functional currency of the Company’s PRC subsidiaries and its Consolidated VIEs is the RMB as determined based on the criteria of ASC Topic 830, Foreign Currency Matters The financial statements of the Company and its overseas subsidiaries are translated from the functional currency to the reporting currency, RMB. Transactions denominated in foreign currencies are re-measured re-measured Non-monetary re-measured The Company uses the average exchange rate for the year and the exchange rate at the balance sheet date to translate the operating results and financial position, respectively. Translation differences are recorded in accumulated other comprehensive (loss) income. |
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$1.00 to RMB6.8755 on December 31, 2018, the last business day in fiscal year 2018, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be converted, realized or settled into US$ at such rate or at any other 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 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 for capital lease, 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). The Company adopted Accounting Standards Update (“ASU”) No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, beginning-of-period end-of-period |
Short-term investments | (h) Short-term investments All highly liquid investments with original maturities of greater than three months but less than twelve months, are classified as short-term investments. Interest income is included in earnings. |
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 net realizable value. Cost of inventory are determined using the first-in, first-out |
Property and equipment | (k) Property and equipment Property and equipment are stated at cost less accumulated depreciation and any recorded impairment. Property and equipment acquired in a business combination are recognized initially at fair value at the date of acquisition. Property and equipment 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 1-10 years Office equipment 1-8 Motor vehicles 4-8 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 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, Intangibles-Goodwill and Other: Internal-Use 350-40”), internal-use internal-use Intangible assets have weighted average useful lives from the date of purchase/ acquisition as follows: Purchased software 6.5 years Radio spectrum license 15 years Contract backlog* 4.9 years Customer relationships* 8.8 years Supplier relationships* 10 years Licenses* 15 years Trade Name* 20 years Platform software* 5 years Non-compete 5 years Internal-use software 4.9 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 equity investments without readily determinable fair value, equity method investments and available-for-sale Prior to adopting ASC Topic 321, Investments—Equity Securities 325-20, Investments-Other: Cost Method Investments 325-20”). Management regularly evaluates the impairment of equity investments without readily determinable fair value based on the performance and financial position of the investee as well as other evidence of market value. 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 financing needs. An impairment loss is recognized in earnings 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 the investment. The Company adopted ASC 321 on January 1, 2018 and the cumulative effect of adopting the new standard on opening accumulated deficit is nil. Pursuant to ASC 321, equity investments, except for those accounted for under the equity method and those that result in consolidation of the investee and certain other investments, are measured at fair value, and any changes in fair value are recognized in earnings. For equity securities without readily determinable fair value and do not qualify for the existing practical expedient in ASC Topic 820, Fair Value Measurements and Disclosures Pursuant to ASC 321, for equity investments measured at fair value with changes in fair value recorded in earnings, the Company does not assess whether those securities are impaired. For those equity investments that the Company elects to use the measurement alternative, the Company makes a qualitative assessment of whether the investment is impaired at each reporting date. If a qualitative assessment indicates that the investment is impaired, the entity has to estimate the investment’s fair value in accordance with the principles of ASC 820. If the fair value is less than the investment’s carrying value, the entity has to recognize an impairment loss in net income equal to the difference between the carrying value and fair value. Available-for-sale 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 Subtopic 323-10, Investments-Equity Method and Joint Ventures: Overall 323-10”). 323-10 323-10. |
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. In accordance with ASC Topic 350, Goodwill and Other Intangible Assets 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. Prior to the change in segment reporting in 2016, 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. After the disposal of WiFire Entities and Aipu Group as defined in Note 4 in September 2017, the Company determined that there is only hosting and related services remained and hence the Company as a whole is one reporting unit as of December 31, 2018. The Company early adopted ASU No. 2017-04, Simplifying the Test for Goodwill Impairment 2017-04”), Immediately before the disposal of WiFire Entities and Aipu Group in September 2017, the Company completed its impairment test for goodwill in managed network services. 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 five-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 five 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 significant lower than its carrying value, the Company fully impaired goodwill in managed network services and recorded an amount of RMB766 million for impairment loss of goodwill as of December 31, 2017. Pursuant to ASC 350, the Company elected to perform a qualitative assessment for hosting and related services. As of October 1, 2018, the Company completed its annual impairment test for goodwill that has arisen out of its acquisitions. The Company evaluated all relevant factors including, but not limited to, macroeconomic conditions, industry and market conditions, financial performance, and the share price of the Company. The Company weighed all factors in their entirety and concluded that it was not more-likely-than-not No impairment loss of goodwill in hosting and related services was recognized for the years ended December 31, 2016, 2017 and 2018, respectively. |
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. As of December 31, 2017, due to continued operational losses, the Company recorded the long-lived assets impairment amounting to RMB170,695 and RMB231,113 for the asset groups of Aipu Group and WiFire Entities, respectively, resulting from excess of the carrying amount of the asset groups over their fair values of the two asset groups, respectively. The Company determined the fair value of the asset groups using the income approach based on the discounted expected cash flows associated with the respective asset groups. The discounted cash flows for the asset groups were based on seven year projections for Aipu and five years for WiFire Entities, which are consistent with the remaining useful lives of its principal assets. Cash flow projections were based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. 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. No impairment was recognized in other assets groups as there was no impairment indicator identified. The impairment loss reduced the carrying amount of the long-lived assets of a group on a pro-rata In 2018, the Company performed a qualitative assessment for impairment on whether events or changes in circumstances indicate that the carrying amount of an asset or a group of long-lived assets might not be recoverable. No impairment was recognized for the year ended December 31, 2018 as there was no impairment indicator identified. The Company recorded impairment charges associated with its long-lived assets and acquired intangibles as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Impairment of equipment 238,144 237,956 — — Impairment of intangible assets 154,803 163,852 — — |
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 and long-term bank borrowings, available-for-sale The carrying amounts of long-term bank borrowings approximate their fair values since they bear interest rates which approximate market interest rates. The contingent purchase considerations in both cash and shares and share-settled bonus 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 income (expense). |
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 and other value-added services (“Hosting services”), virtual private network services providing encrypted secured connection to public internet (“VPN services”) and public cloud service through strategic partnership with Microsoft (“Cloud services”). On January 1, 2018, the Company adopted ASU No. 2014-09, Revenue from Contracts with Customers Revenue Recognition Under ASC 606, an entity recognizes revenue as the Company satisfies a performance obligation when its customer obtains control of promised goods or services, in an amount that reflects the consideration that the entity expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of ASC 606, the entity performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price, including variable consideration, if any; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration to which it is entitled in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations it must deliver and which of these performance obligations are distinct. The Company recognizes revenue based on the amount of the transaction price that is allocated to each performance obligation when that performance obligation is satisfied or as it is satisfied. The Company is a principal and records revenue on a gross basis when the Company is primarily responsible for fulfilling the service, has discretion in establish pricing and controls the promised service before transferring that service to customers. Otherwise, the Company records revenue at the net amounts as commissions. The Company derives revenue primary from the delivery of Hosting services, VPN services and Cloud services. Hosting services are services that the Company dedicates data center space to house customers’ servers and networking equipment and provides tailored server administration services including operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery. The Company also provides interconnectivity services to connect customers with each other, internet backbones in China and other networks through Border Gateway Protocol, or BGP, network, or single-line, dual-line or multiple-line networks. Hosting services are typically provided to customers for a fixed amount over the contract service period and the related revenues are recognized on a straight-line basis over the term of the contract. For certain contracts where considerations are based on the usage of the Hosting services, the related revenues are recognized based on the consumption at the predetermined rate as the services are rendered throughout the contact term. The Company is a principal and records revenue for Hosting service on a gross basis. VPN services are services that the Company extends customers’ private networks by setting up secure and dedicated connections through the public internet. VPN services are provided to customers for a fixed amount over the contract service period and revenue are recognized on a straight-line basis over the term of the contract. The Company is a principal and records revenue for VPN service on a gross basis. Cloud services allow businesses to run their applications over the internet using the IT infrastructure. Revenue from Cloud services consisted of incentive revenue from Microsoft upon completion of certain conditions and a fixed percentage amount based on gross sales price generated from Cloud services provided to end customers. Cloud services are generally provided to end customers for a fixed amount over the contract period and the related revenues are recognized on a straight-line basis over the contract period. For certain contracts where considerations are based on the usage of the cloud resources, the related revenues are recognized based on the consumption at the predetermined rate as the services are rendered throughout the contract term. The Company records revenue for Cloud service on a net basis. For certain arrangements, customers are required to pay the Company before the services are delivered. When either party to a revenue contract has performed, the Company recognizes a contract asset or a contract liability in the consolidated balance sheet, depending on the relationship between the Company’s performance and the customer’s payment. Contract liabilities were mainly related to fee received for Hosting services to be provided over the contract period, which were presented as deferred revenue on the consolidated balance sheets. Deferred revenue represents the Company’s obligation to transfer the goods or services to a customer for which the Company has received consideration (or an amount of consideration is due) from the customer. As of December 31, 2017 and 2018, the Company has deferred revenue amounting up to RMB55,753 and RMB57,754 (US$8,400), respectively. The increase in deferred revenue as compared to the year ended December 31, 2017 is a result of the increase in consideration received from the customers. Revenue recognized from opening deferred revenue balance was RMB45,492 (US$6,617) for the year ended December 31, 2018. |
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 RMB20,420, RMB7,773 and RMB7,968 (US$1,159) for the years ended December 31, 2016, 2017 and 2018, 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 optical fiber, computer and network equipment and property in the years ended December 31, 2016, 2017 and 2018. 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 expenses are capitalized if they are incurred during the acquisition, construction or production of a qualifying asset and such expenses could have been avoided if expenditures for these assets have not been made. As a result of total interest expenses capitalized during the period, the interest expenses for the years ended December 31, 2016, 2017 and 2018, were as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Interest expense and amortization cost of bonds 113,367 63,354 150,098 21,831 Interest expense on bank borrowings 46,377 87,916 19,395 2,820 Interest expense on capital lease 66,687 63,757 79,935 11,626 Total interest expenses 226,431 215,027 249,428 36,277 Less: Total interest expenses capitalized (27,842 ) (29,714 ) (13,362 ) (1,943 ) Interest expenses, net 198,589 185,313 236,066 34,334 |
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 Topic 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 expenses” in the consolidated statements of operations. The Company adopted ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes 2015-17”), non-current |
Share-based compensation | (z) Share-based compensation Share options and Restricted Share Units (“RSUs”) granted to employees are accounted for under ASC Topic 718, Compensation—Stock Compensation The Company has elected to recognize compensation expenses 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 expenses using the accelerated method. The Company commences recognition of the related compensation expenses 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 share-based awards with market conditions, the probability to achieve market conditions is reflected in the grant date fair value. The Company recognized the related compensation expenses when the requisite service is rendered using the accelerate method. 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 shares based on its past settlement practices and classifies such portion as a liability in accordance with ASC Topic 480, Distinguishing Liabilities from Equity 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 adopted ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting 2016-09”), |
Loss per share | (aa) Loss per share In accordance with ASC Topic 260, Earnings per Share |
Share repurchase program | (bb) Share repurchase program Pursuant to the Board of Directors’ resolutions on August 18, 2016, the Company’s management is authorized to repurchase, in one or more tranches, up to an aggregate of US$200,000 of its own outstanding shares (including shares represented by ADSs) (each such transaction a “Repurchase”) over a period of 12 months starting from June 29, 2016. The Company accounted for the repurchased shares as Treasury Stock at cost in accordance to ASC Subtopic 505-30, Treasury Stock 505-30”), paid-in For the years ended December 31, 2016, 2017 and 2018, the Company repurchased 815,525, 3,448,482 and nil ADSs for a consideration of RMB42,665, RMB133,126 and nil, respectively. |
Comprehensive loss | (cc) Comprehensive loss Comprehensive loss is defined as the decrease in equity of the Company during a period from transactions and other events and circumstances excluding transactions resulting from investments by owners and distributions to owners. Accumulated other comprehensive (loss) income of the Company includes foreign currency translation adjustments related to the Company and its overseas subsidiaries, whose functional currency is US$. |
Segment reporting | (dd) Segment reporting In accordance with ASC Topic 280 , Segment Reporting In September 2017, the Company disposed of WiFire Entities and Aipu Group, which are primarily engaged in the managed network services. After the disposals, the CODM reviews the operation results on the Company basis. As of December 31, 2017 and 2018, the Company only had one reporting segment. |
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 with the current year’s presentation. |
Recent accounting pronouncements | gg) Recent accounting pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) 2016-02”), right-of-use No. 2018-01, Leases: Land Easement Practical Expedient 2018-01”), 2016-02. No. 2018-10 Codification Improvements to Topic 842, Leases 2018-10”), 2016-02; No. 2018-11, Leases (Topic 842): Targeted Improvements 2018-11”), 2016-02 2016-02, 2018-11, 2018-10, 2016-02 right-of-use 2016-02 right-of-use right-of-use In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments 2016-13”). 2016-13 available-for-sale In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement 2018-13”). 2018-13 2018-13 No. 2018-13 |
Organization (Tables)
Organization (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Summary of Subsidiaries and Consolidated Variable Interest Entities | The Company through its consolidated subsidiaries and variable interest entities (the “VIEs”) are principally engaged in the provision of hosting and related services after the disposal of subsidiaries which are engaged in managed network services in September 2017 (Note 4). (a) As of December 31, 2018, the significant subsidiaries of the Company, VIEs and subsidiaries of VIEs are as follows: Entity Date of incorporation/ acquisition Place of Percentage Principal activities Direct Subsidiaries: 21ViaNet Group Limited (“21Vianet HK”) May 25, 2007 Hong Kong 100 % Investment holding 21ViaNet Data Center Co., Ltd. (“21Vianet China”) (1) June 12, 2000 PRC 100 % Provision of technical and consultation services and rental of long-lived assets 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 Hangzhou Information Technology Co., Ltd. (1) March 4, 2013 PRC 100 % Provision of internet data center services 21Vianet Mobile Limited April 30, 2013 Hong Kong 100 % Investment holding and provision of telecommunication services Joytone Infotech Co., Ltd. (1) April 30, 2013 PRC 100 % Provision of technical and consultation services 21Vianet Ventures Limited (“Ventures”) March 6, 2014 Hong Kong 100 % Investment holding Abitcool (China) Broadband Inc. (“aBitCool DG”) (1) June 13, 2014 PRC 100 % Dormant company Diyixian.com Limited (“DYX”) August 10, 2014 Hong Kong 100 % Provision of virtual private network services 21Vianet Zhuhai Financial Leasing Co., Ltd. (“Zhuhai Financial Leasing”) (1) April 9, 2015 PRC 100 % Provision of financial leasing business services 21Vianet DRP Investment Holdings Limited (“DRP investment”) January 10, 2017 Hong Kong 100 % Investment holding Shihua DC Investment Holdings Limited (“Shihua Investment”) March 14, 2017 Cayman 51 % Investment holding 21Vianet (Xi’an) Technology Co., Ltd. (1) July 5, 2012 PRC 51 % Provision of technical and internet data center services Foshan Zhuoyi Intelligence Data Co., Ltd. (“FS Zhuoyi”) (1) July 7, 2016 PRC 51 % Provision of internet data center services Dermot Holding Limited (3) August 8, 2014 British Virgin Islands 100 % Investment holding Variable Interest Entities (the “VIEs”): Beijing Yiyun Network Technology Co., Ltd. (“21Vianet Technology”) (1) /(2) October 22, 2002 PRC — Provision of internet data center services Beijing iJoy Information Technology Co., Ltd. (“BJ iJoy”) (1)/(2) April 30, 2013 PRC — Provision of internet data center, content delivery network services WiFire Network Technology (Beijing) Co., Ltd. (“WiFire Network”) (1)/(2) April 1, 2014 PRC — Provision of telecommunication 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 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 Langfang Xunchi Computer Data Processing Co., Ltd. (1)/(2) December 19, 2011 PRC — Dormant company Shanghai Blue Cloud Technology Co., Ltd. (“SH Blue Cloud”) (1)/(2) March 21, 2013 PRC — Provision of Office 365 and Windows Azure platform services Beijing Yichengtaihe Investment Co., Ltd. (1)/(2) September 30, 2014 PRC — Provision of internet data center services Beijing Hongyuan Network Technology Co., Ltd. (“BJ Hongyuan”) (1)/(2)/(4) December 8, 2014 PRC — Provision of internet data center services Guangzhou Lianyun Big Data Co. Ltd. (1)/(2) April 14, 2016 PRC — Provision of internet data center services Held directly by DYX and LF Xunchi: Shenzhen Diyixian Telecommunication Co., Ltd. (“SZ DYX”) (1) August 10, 2014 PRC 100 % Provision of virtual private network services (1) Collectively, the “PRC Subsidiaries”. (2) Collectively, the “Consolidated VIEs”. (3) 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”). (4) On August 15, 2018, the Company through its subsidiary, 21Vianet Beijing disposed 49% equity interest of BJ Hongyuan to a third party. |
Consolidated VIE before Eliminating Intercompany Balances | The following tables represent the financial information of the Consolidated VIEs as of December 31, 2017 and 2018 and for the years ended December 31, 2016, 2017 and 2018 before eliminating the intercompany balances and transactions between the Consolidated VIEs and other entities within the Company: As of December 31, 2017 2018 RMB RMB US$ ASSETS Current assets: Cash and cash equivalents 233,673 548,921 79,837 Restricted cash 149,375 203,103 29,540 Accounts receivable (net of allowance for doubtful debt of RMB70,627 and RMB69,723 (US$10,141) as of December 31, 2017 and 2018, respectively) 342,276 375,515 54,616 Short-term investments — 94,000 13,672 Prepaid expenses and other current assets 809,546 1,013,563 147,417 Amounts due from related parties 86,824 123,726 17,995 Total current assets 1,621,694 2,358,828 343,077 Non-current Property and equipment, net 2,331,139 3,103,995 451,457 Intangible assets, net 45,203 47,121 6,853 Land use rights, net 74,162 60,078 8,738 Goodwill 302,956 302,647 44,018 Restricted cash — 33,729 4,906 Deferred tax assets 169,224 156,412 22,749 Amounts due from related parties — 13,514 1,966 Other non-current 67,517 162,392 23,619 Long-term investments 355,894 219,005 31,853 Total non-current 3,346,095 4,098,893 596,159 Total assets 4,967,789 6,457,721 939,236 Current liabilities: Short-term bank borrowings 50,000 50,000 7,272 Accounts and notes payable 157,970 258,048 37,532 Accrued expenses and other payables 368,190 392,619 57,104 Advance from customers 403,244 670,037 97,453 Deferred revenue 49,699 51,026 7,421 Income tax payable 7,400 8,519 1,239 Amounts due to inter-companies (1) 1,863,780 2,117,097 307,919 Amounts due to related parties 16,053 51,763 7,529 Current portion of capital lease obligations 201,315 219,695 31,953 Current portion of long-term bank borrowings 70,289 75,284 10,950 Deferred government grants 4,574 4,173 607 Total current liabilities 3,192,514 3,898,261 566,978 As of December 31, 2017 2018 RMB RMB US$ Non-current Amounts due to inter-companies (1) 1,020,972 1,020,972 148,494 Amounts due to related parties — 504,478 73,373 Non-current portion of long-term bank borrowings 187,638 112,000 16,290 Non-current 687,176 852,287 123,960 Unrecognized tax benefits 13,225 4,938 718 Deferred tax liabilities 109,339 84,568 12,300 Deferred government grants 17,861 11,619 1,690 Total non-current 2,036,211 2,590,862 376,825 Total liabilities 5,228,725 6,489,123 943,803 For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Net revenues 2,938,319 2,578,893 2,532,854 368,388 Net (loss) profit (674,685 ) (567,395 ) 52,986 7,706 For the years ended December 31, 2016 (As adjusted) 2017 (As adjusted) 2018 RMB RMB RMB US$ Net cash generated from operating activities 106,803 448,051 693,620 100,883 Net cash (used in) generated from investing activities (470,955 ) (604,507 ) 132,522 19,279 Net cash generated from (used in) financing activities 145,678 230,921 (423,467 ) (61,590 ) Net (decrease) increase in cash and cash equivalents and restricted cash (218,474 ) 74,465 402,705 58,572 (1) Amounts due to inter-companies consist of intercompany payables to the other companies within the Company for the purchase of telecommunication resources and fixed assets on behalf of the Consolidated VIEs. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Estimated Useful Lives of Property and Equipment | Property and equipment 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 1-10 years Office equipment 1-8 Motor vehicles 4-8 years |
Weighted Average Useful Lives of Intangible Assets | Intangible assets have weighted average useful lives from the date of purchase/ acquisition as follows: Purchased software 6.5 years Radio spectrum license 15 years Contract backlog* 4.9 years Customer relationships* 8.8 years Supplier relationships* 10 years Licenses* 15 years Trade Name* 20 years Platform software* 5 years Non-compete 5 years Internal-use software 4.9 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: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Impairment of equipment 238,144 237,956 — — Impairment of intangible assets 154,803 163,852 — — |
Interest Expense | As a result of total interest expenses capitalized during the period, the interest expenses for the years ended December 31, 2016, 2017 and 2018, were as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Interest expense and amortization cost of bonds 113,367 63,354 150,098 21,831 Interest expense on bank borrowings 46,377 87,916 19,395 2,820 Interest expense on capital lease 66,687 63,757 79,935 11,626 Total interest expenses 226,431 215,027 249,428 36,277 Less: Total interest expenses capitalized (27,842 ) (29,714 ) (13,362 ) (1,943 ) Interest expenses, net 198,589 185,313 236,066 34,334 |
Accounts and Notes Receivable_2
Accounts and Notes Receivable, Net (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Receivables [Abstract] | |
Accounts and Notes Receivable and Allowance for Doubtful Debt | Accounts and notes receivable and the allowance for doubtful debt consisted of the following: As of December 31, 2017 2018 RMB RMB US$ Accounts receivable 526,747 592,669 86,200 Notes receivable 2,720 2,606 379 Allowance for doubtful debt (73,656 ) (70,970 ) (10,322 ) 455,811 524,305 76,257 |
Analysis of Allowance for Doubtful Debt | As of December 31, 2017 and 2018, all accounts and notes receivable were due from third party customers. An analysis of the allowance for doubtful debt was as follows: For the years ended December 31, 2017 2018 RMB RMB US$ Balance at beginning of the year 80,910 73,656 10,712 Additional provision charged to expense 69,553 315 46 Write-off (19,766 ) (3,001 ) (436 ) Provision included in disposed subsidiaries (57,041 ) — — Balance at end of the year 73,656 70,970 10,322 |
Short-Term Investments (Tables)
Short-Term Investments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Investments Schedule [Abstract] | |
Short-Term Investments | Short-term investments consisted of the following as of December 31, 2017 and 2018: As of December 31, 2017 2018 RMB RMB US$ Time deposits 548,890 245,014 35,636 |
Prepaid Expenses and Other Cu_2
Prepaid Expenses and Other Current Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets consisted of the following: As of December 31, 2017 2018 RMB RMB US$ Prepaid expenses 380,869 565,710 82,279 Staff advances 6,735 10,730 1,561 Interest receivables 17,644 12,037 1,751 Tax recoverables 376,642 421,654 61,327 Deposits 30,669 39,971 5,814 Prepayment for share repurchase plan 42,710 — — Loan to third parties 60,805 58,909 8,567 Other receivables 17,676 48,729 7,086 933,750 1,157,740 168,385 |
Property and Equipment, Net (Ta
Property and Equipment, Net (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment Including Those Held under Capital Leases | Property and equipment, including those held under capital leases, consisted of the following: As of December 31, 2017 2018 RMB RMB US$ At cost: Property 467,312 753,319 109,566 Leasehold improvements 789,734 932,896 135,684 Computer and network equipment 2,681,759 3,260,336 474,196 Optical fibers 142,723 142,723 20,758 Office equipment 12,671 24,390 3,547 Motor vehicles 1,891 1,841 268 4,096,090 5,115,505 744,019 Less: Accumulated depreciation (1,326,511 ) (1,870,640 ) (272,073 ) 2,769,579 3,244,865 471,946 Construction-in-progress 549,845 786,377 114,374 3,319,424 4,031,242 586,320 |
Depreciation Expense | Depreciation expense was RMB480,105, RMB523,500 and RMB566,491 (US$82,393) for the years ended December 31, 2016, 2017 and 2018, respectively, and were included in the following captions: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Cost of revenues 397,014 458,655 520,791 75,746 Sales and marketing expenses 3,759 3,188 986 144 General and administrative expenses 45,746 41,675 28,727 4,178 Research and development expenses 33,586 19,982 15,987 2,325 480,105 523,500 566,491 82,393 |
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: As of December 31, 2017 2018 RMB RMB US$ Property 365,353 365,353 53,138 Computer and network equipment 497,532 719,676 104,673 Optical fibers 142,723 142,723 20,758 1,005,608 1,227,752 178,569 Less: Accumulated depreciation (262,601 ) (291,579 ) (42,408 ) 743,007 936,173 136,161 Construction-in-progress 130,192 576,022 83,779 873,199 1,512,195 219,940 |
Carrying Amounts of Property and Equipment Pledged to Secure Banking Borrowings | The carrying amounts of property and equipment pledged by the Company to secure banking borrowings (Note 13) granted to the Company at the respective balance sheet dates were as follows: As of December 31, 2017 2018 RMB RMB US$ Property 143,893 140,393 20,419 Computer and network equipment 200,954 146,159 21,258 Office equipment 85 44 6 |
Intangible Assets, Net (Tables)
Intangible Assets, Net (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Summary of Intangible Assets | The following table presented 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, 2017 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 Additions 11,073 — — — — — — — — — 9,238 — 20,311 Disposals (5,973 ) — (15,086 ) — (134,706 ) (4,000 ) (7,227 ) (37,270 ) — (4,297 ) (41,660 ) (30,178 ) (280,397 ) Foreign currency translation difference (905 ) (7,781 ) — — — — — — — — — — (8,686 ) Amortization expense (27,011 ) (6,646 ) (748 ) (6,588 ) (52,992 ) (757 ) (19,304 ) (12,217 ) (3,241 ) (3,347 ) (5,524 ) (5,227 ) (143,602 ) Impairment — — — — (87,195 ) (3,532 ) (41,768 ) (22,494 ) — (1,105 ) — (7,758 ) (163,852 ) Intangible assets, net December 31, 2017 50,629 77,141 — 11,750 137,882 4,268 20,144 96,404 683 154 2,060 — 401,115 Additions 18,744 — — — — — — — — — 6,093 — 24,837 Disposals (6,772 ) — — — — — — — — — — — (6,772 ) Foreign currency translation difference 364 3,884 — — — — — — — — — — 4,248 Amortization expense (15,711 ) (8,117 ) — (6,588 ) (24,921 ) (385 ) (3,074 ) (5,813 ) (683 ) (110 ) (2,713 ) — (68,115 ) Intangible assets, net December 31, 2018 47,254 72,908 — 5,162 112,961 3,883 17,070 90,591 — 44 5,440 — 355,313 Intangible assets, net December 31, 2018 (US$) 6,873 10,604 — 751 16,429 565 2,483 13,176 — 6 791 — 51,678 |
Annual Estimated Amortization Expenses of Intangible Assets | The annual estimated amortization expenses for the intangible assets for each of the next five years are as follows: RMB US$ 2019 56,567 8,227 2020 47,232 6,870 2021 45,005 6,545 2022 41,088 5,976 2023 28,322 4,120 218,214 31,738 |
Land Use Rights, Net (Tables)
Land Use Rights, Net (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text Block [Abstract] | |
Land Use Rights | Land use rights held by the Company are amortized over the remaining term of the respective land use rights certificates. As of December 31, 2017 2018 RMB RMB US$ Cost 172,520 159,494 23,197 Accumulated amortization (8,849 ) (12,001 ) (1,745 ) Land use rights, net 163,671 147,493 21,452 |
Carrying Value of Land Use Rights Pledged by Company to Secure Banking Borrowings | The carrying amounts of land use rights pledged by the Company to secure banking borrowings (Note 13) granted to the Company at the respective balance sheet dates were as follows: As of December 31, 2017 2018 RMB RMB US$ Land use rights 16,818 16,403 2,386 |
Goodwill (Tables)
Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill | The changes in the carrying amount of goodwill were as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Balance at beginning of the year 1,755,970 1,755,970 989,530 143,921 Impairment — (766,440 ) — — Balance at end of the year 1,755,970 989,530 989,530 143,921 |
Long-Term Investments (Tables)
Long-Term Investments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Investments Schedule [Abstract] | |
Long Term Investments | The Company’s long-term investments consisted of the following: As of December 31, 2017 2018 RMB RMB US$ Equity investments without readily determinable fair values 57,567 51,410 7,477 Equity method investments 450,822 490,376 71,322 Available-for-sale 2,537 2,537 369 510,926 544,323 79,168 |
Equity Method Investments | Equity method investments: As of December 31, 2016 Increase (decrease) As of December 31, 2017 Cost of Share Investments Cost of Share Cost of Share Investments RMB RMB RMB RMB RMB RMB RMB RMB Yizhuang Fund 101,000 85,148 186,148 — 90,888 101,000 176,036 277,036 Unis Tech 49,000 (285 ) 48,175 — (12,676 ) 49,000 (12,961 ) 36,039 Shihua DC Holdings — — — 147,176 (9,429 ) 147,176 (9,429 ) 137,747 WiFire Entities — — — 15,000 (15,000 ) 15,000 (15,000 ) — 150,000 84,863 234,863 162,176 53,783 312,176 138,646 450,822 As of December 31, 2017 Increase (decrease) As of December 31, 2018 Cost of Share Investments Cost of Share Disposal Cost of Share Disposal Investments Investments RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB US$ Yizhuang Fund 101,000 176,036 277,036 — (150,355 ) — 101,000 25,681 — 126,681 18,425 Unis Tech 49,000 (12,961 ) 36,039 (49,000 ) (3,548 ) 16,509 — (16,509 ) 16,509 — — Shihua DC Holdings 147,176 (9,429 ) 137,747 219,447 (24,229 ) — 366,623 (33,658 ) — 332,965 48,428 Jingliang Inter Cloud — — — 6,000 (34 ) — 6,000 (34 ) — 5,966 868 Jingliang Century Cloud — — — 4,000 — — 4,000 — — 4,000 582 Huaye Cloud — — — 23,333 (6,319 ) — 23,333 (6,319 ) — 17,014 2,474 ZJK Energy — — — 5,907 (2,157 ) — 5,907 (2,157 ) — 3,750 545 WiFire Entities 15,000 (15,000 ) — — — — 15,000 (15,000 ) — — — 312,176 138,646 450,822 209,687 (186,642 ) 16,509 521,863 (47,996 ) 16,509 490,376 71,322 |
Debt Disclosure (Tables)
Debt Disclosure (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Debt Disclosure [Abstract] | |
Summary of Bank Borrowings | Bank borrowings were as follows as of the respective balance sheet dates: As of December 31, 2017 2018 RMB RMB US$ Short-term bank borrowings 50,000 50,000 7,272 Long-term bank borrowings, current portion 70,289 75,284 10,950 120,289 125,284 18,222 Long-term bank borrowings, non-current 187,638 112,000 16,290 Total bank borrowings 307,927 237,284 34,512 |
Secured Short Term Bank Borrowings | Bank borrowings as of December 31, 2017 and 2018 were secured by the following: December 31, 2017 Short-term bank borrowings Secured by (RMB) 50,000 Secured by restricted cash of RMB50,809. 50,000 Long-term bank borrowings (including current portion) Secured by (RMB) 158,000 Secured by a subsidiary’s fixed assets and land-use 99,927 Unsecured borrowings. 257,927 December 31, 2018 Short-term bank borrowings Secured by (RMB) 50,000 Secured by restricted cash of RMB60,796 (US$8,842). 50,000 Long-term bank borrowings (including current portion) Secured by (RMB) 138,000 Secured by a subsidiary’s fixed assets and land-use 49,284 Unsecured borrowings 187,284 |
Repayments of Principal Amounts of Long-Term Borrowings, Including Bonds Payable, Bank and Other Borrowings | The following table summarizes the aggregate required repayments of the principal amounts of the Company’s long-term borrowings, including the bonds payable and bank borrowings (Note 13) in the succeeding five years and thereafter: RMB US$ For the years ending December 31, 2019 125,284 18,222 2020 2,091,460 304,190 2021 39,000 5,672 2022 40,500 5,890 2023 thereafter — — |
Accrued Expenses And Other Pa_2
Accrued Expenses And Other Payables (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Payables and Accruals [Abstract] | |
Components of Accrued Expenses and Other Payables | The components of accrued expenses and other payables were as follows: As of December 31, 2017 2018 RMB RMB US$ Payroll and welfare payables 197,171 224,265 32,618 Value-added tax and other taxes payable 16,951 16,931 2,463 Payables for office supplies and utilities 29,488 21,719 3,159 Payables for the purchase of property and equipment 185,594 207,512 30,181 Payables for the purchase of intangible assets 3,706 4,576 666 Accrued service fees 52,090 41,618 6,053 Interest payables 57,359 54,376 7,909 Liability classified RSU 11,865 4,970 723 Payables for acquisitions 47,755 47,755 6,946 Payables for litigation settlement 9,801 — — Others 45,353 35,598 5,176 657,133 659,320 95,894 |
Capital Leases (Tables)
Capital Leases (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Leases [Abstract] | |
Future Minimum Lease Payments Under Non Cancellable Capital Lease Arrangements | Future minimum lease payments under non-cancellable RMB US$ 2019 305,710 44,464 2020 217,525 31,638 2021 317,382 46,161 2022 96,990 14,106 2023 and thereafter 575,941 83,767 Total minimum lease payments 1,513,548 220,136 Less: amount representing interest (527,860 ) (76,774 ) Present value of remaining minimum lease payments 985,688 143,362 |
Deferred Government Grants (Tab
Deferred Government Grants (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Revenue Recognition and Deferred Revenue [Abstract] | |
Movements of Deferred Government Grants | Movements of deferred government grants were as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Balance at beginning of the year 37,620 30,993 22,435 3,263 Additions — 2,877 500 73 Decrease due to disposal of subsidiaries — (3,573 ) — — Recognized as a reduction of depreciation expense (6,627 ) (7,862 ) (7,143 ) (1,039 ) Balance at end of the year 30,993 22,435 15,792 2,297 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive (Loss) Income (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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, were as follows: Foreign currency RMB Balance as of January 1, 2016 (24,236 ) Current year other comprehensive income 142,526 Balance as of December 31, 2016 118,290 Current year other comprehensive loss (120,963 ) Balance as of December 31, 2017 (2,673 ) Current year other comprehensive income 88,652 Balance as of December 31, 2018 85,979 Balance as of December 31, 2018, in US$ 12,505 |
Share Based Compensation (Table
Share Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Summary of Employee Share Option Activity Under Twenty Ten Plan | The following table summarized the Company’s employee share option activity under the 2010 Plan: Number of Weighted Weighted Aggregate (US$) (Years) (US$) Outstanding, January 1, 2018 1,699,186 0.49 3.5 Exercised (219,972 ) 0.31 Outstanding, December 31, 2018 1,479,214 0.51 2.2 1,370 Vested and expected to vest at December 31, 2018 1,479,214 0.51 2.2 1,370 Exercisable as of December 31, 2018 1,479,214 0.51 2.2 1,370 |
Restricted Stock Units Activity | The following table summarized the Company’s RSUs activity under the 2014 Plan: Number of Weighted Weighted Aggregate (US$) (Years) (US$) Unvested, January 1, 2018 1,516,898 11.76 7.9 Granted 3,222,650 6.39 Vested (852,593 ) 11.05 Forfeited (668,503 ) 14.95 Unvested, December 31, 2018 3,218,452 6.66 9 27,807 |
Total Compensation Expense Recognized Relating to Options Granted to Employees | Total share-based compensation expenses relating to share options and RSUs granted to employees recognized for the years ended December 31, 2016, 2017 and 2018 were as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Cost of revenues (4,110 ) (277 ) 2,668 388 Sales and marketing expenses 2,490 (681 ) 2,139 311 General and administrative expenses 123,273 47,945 53,346 7,759 Research and development expenses (2,924 ) 142 1,385 201 118,729 47,129 59,538 8,659 |
Taxation (Tables)
Taxation (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Profit or Loss Before Income Taxes | Loss before income taxes consisted of: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Non-PRC (155,364 ) (286,388 ) (214,063 ) (31,136 ) PRC (787,718 ) (721,426 ) 51,738 7,525 (943,082 ) (1,007,814 ) (162,325 ) (23,611 ) |
Income Tax (Expense) Benefits | Income tax benefits (expenses) comprised of: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Current (54,772 ) (37,856 ) (44,187 ) (6,426 ) Deferred 65,932 128,026 19,776 2,876 11,160 90,170 (24,411 ) (3,550 ) |
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, 2016, 2017 and 2018 applicable to the PRC operations to income tax benefits (expenses) was as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Loss before income taxes (943,082 ) (1,007,814 ) (162,325 ) (23,611 ) Income tax benefits computed at applicable tax rates (25%) 235,770 251,954 40,581 5,902 Non-deductible (16,610 ) (5,468 ) (2,834 ) (412 ) Research and development expenses 7,766 11,895 25,906 3,768 Effect of tax holidays 1,691 — — — Preferential rate (11,060 ) (90,076 ) 11,701 1,702 Current and deferred tax rate differences (1,521 ) 33,366 37,934 5,517 International rate differences (51,392 ) 59,029 (63,525 ) (9,239 ) Tax exempted income 9,878 — — — Unrecognized tax benefits (14,525 ) (6,259 ) 1,472 214 Deferred tax expense 1,516 2,851 — — Change in valuation allowance (158,724 ) (174,388 ) (79,694 ) (11,591 ) Prior year provision to return true up 8,371 7,266 4,048 589 Income tax benefits (expenses) 11,160 90,170 (24,411 ) (3,550 ) |
Tax Holiday Benefit Per Basic and Diluted Earnings Per Share | The benefit of the tax holiday per basic and diluted earnings per share was as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Basic 0.003 — — — Diluted 0.003 — — — |
Significant Components of Deferred Taxes | The significant components of deferred taxes were as follows: As of December 31, 2017 2018 RMB RMB US$ Deferred tax assets Non-current Allowance for doubtful debt 33,978 38,993 5,670 Accrued expenses 7,409 25,894 3,766 Tax losses 135,433 153,171 22,278 Property and equipment 7,642 15,299 2,226 Intangible assets 2,976 2,221 323 Capital lease 22,006 50,980 7,415 Deferred government grants 3,728 2,662 387 Disposal loss on long-term investments 57,697 49,007 7,128 Loss picked up on equity method investments 6,919 5,878 855 Valuation allowance (104,970 ) (184,664 ) (26,858 ) Total deferred tax assets 172,818 159,441 23,190 Deferred tax liabilities Non-current Intangible assets 97,915 89,536 13,022 Property and equipment 49,676 48,496 7,053 Capitalized interest expenses 16,185 15,837 2,303 Gain picked up from equity method investments 27,097 3,851 561 Total deferred tax liabilities 190,873 157,720 22,939 |
Unrecognized Tax Benefits | A roll-forward of unrecognized tax benefits principal was as follows: For the years ended December 31, 2017 2018 RMB RMB US$ Balance at beginning of year 23,220 11,582 1,685 Reversal based on tax positions related to prior years (8,880 ) (9,070 ) (1,319 ) Additions based on tax positions related to the current year 4,825 1,997 290 Decrease due to disposal of subsidiaries (7,583 ) — — Balance at end of year 11,582 4,509 656 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Related Party Transactions | b) Other than disclosed elsewhere, the Company had the following significant related party transactions for the years ended December 31, 2016, 2017 and 2018: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Services provided to: - Xiaomi Group 125,147 220,110 374,085 54,408 - WiFire BJ — 9,726 16,490 2,398 - Taiji — — 13,681 1,990 - BJ Kingsoft 19,471 8,046 6,281 914 - BJ Cheetah 9,478 5,128 2,079 302 - Unisvnet — — 1,011 147 - Others 2,413 3,314 4,493 653 Services provided by: - CYSD — 2,979 18,667 2,715 - BJ Kingsoft 1,045 7,775 13,204 1,920 - Taiji — — 7,095 1,032 - DCSS 10,883 6,424 5,238 762 - BZRH — — 4,239 617 - WiFire BJ — 1,616 4,066 591 - Jingliang Inter Cloud — — 3,477 506 - Others 9,178 2,632 6,396 963 Sales of equipment and property to: - BJ Fastweb — 1,021 — — Purchases of equipment and property from: - WNT Technology — 2,629 — — - DIC 3,079 1,234 — — Loan to: - BJ Fastweb — 20,000 — — Loan from: - CD Guotao 3,483 — — — Interest income from loan to: - BJ Fastweb — 210 700 102 Lease deposit paid to: - Tuspark Harmonious — — 11,472 1,669 - Ziguang Financial Leasing — — 2,042 297 Lease payment paid to: - Ziguang Financial Leasing — — 4,897 712 |
Related Party Balances | c) The Company had the following related party balances as of December 31, 2017 and 2018: As of December 31, 2017 2018 RMB RMB US$ Amounts due from related parties: Current: - Xiaomi Group 39,016 41,159 5,986 - WiFire BJ 15,321 36,578 5,320 - SH Fawei 10,332 13,742 1,999 - Taiji — 13,542 1,970 - SH Shibei 9,800 9,800 1,425 - WH Fastweb 4,600 5,131 746 - Unisvnet — 1,072 156 - BJ Kingsoft 5,663 982 143 - Seller of iJoy 26,137 — — - Others 3,387 3,440 500 114,256 125,446 18,245 Non-current: - BJ Fastweb 20,210 20,910 3,041 - Tuspark Harmonious — 11,472 1,669 - Ziguang Financial Leasing — 2,042 297 20,210 34,424 5,007 Amounts due to related parties: Current: - Tuspark Harmonious — 13,850 2,014 - Ziguang Financial Leasing — 8,938 1,300 - SH Guotong — 8,135 1,183 - CYSD 3,618 7,158 1,041 - Taiji — 6,724 978 - BZRH 9,358 5,088 740 - BJ Kingsoft 2,070 609 89 - Seller of iJoy 39,068 — — - Others 1,561 1,826 266 55,675 52,328 7,611 Non-current: - Tuspark Harmonious — 443,622 64,522 - Shihua DC Holdings — 48,329 7,029 - Ziguang Financial Leasing — 12,527 1,822 — 504,478 73,373 |
Parent Company | |
Related Party Transactions | The Company had the following related party balances as of December 31, 2017 and 2018: As of December 31, 2017 2018 RMB RMB US$ Amounts due from subsidiaries - 21Vianet HK 4,143,269 4,938,618 718,292 - HongKong Fastweb Holdings Co., Ltd. 61,637 65,976 9,596 - 21V Mobile 50,453 52,579 7,647 - Ventures 25,549 — — - WiFire Open Network Group Ltd. 4,170 4,277 622 - WiFire Group Inc. 653 686 100 - Others 12 13 2 4,285,743 5,062,149 736,259 Amount due from a related party Current: - Seller of iJoy 26,137 — — Amounts due to subsidiaries - 21Vianet Beijing 17,595 18,351 2,669 - Others 18 2,891 421 17,613 21,242 3,090 As of December 31, 2017 2018 RMB RMB US$ Amount due to a related party Current: - Seller of iJoy 39,068 — — |
Segment Reporting (Tables)
Segment Reporting (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Segment Reporting [Abstract] | |
Summary of Segment Results | For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Hosting and related services Revenues 2,668,655 2,975,178 3,401,037 494,660 Cost (1,936,658 ) (2,130,279 ) (2,456,166 ) (357,235 ) Gross profit 731,997 844,899 944,871 137,425 Operating income (expenses) Operating income 6,783 5,439 5,027 731 Sales and marketing expenses (144,335 ) (171,761 ) (172,176 ) (25,042 ) Research and development expenses (87,227 ) (97,597 ) (92,109 ) (13,397 ) General and administrative expenses (404,181 ) (417,154 ) (462,637 ) (67,288 ) (Allowance) reversal for doubtful debt (78,330 ) (6,257 ) 598 87 Changes in the fair value of contingent purchase consideration payables 19,394 (937 ) 13,905 2,022 Operating profit 44,101 156,632 237,479 34,538 Managed network services Revenues 973,119 417,527 — — Cost (992,980 ) (504,016 ) — — Gross loss (19,861 ) (86,489 ) — — Operating expenses Sales and marketing expenses (208,591 ) (84,921 ) — — Research and development expenses (62,110 ) (51,546 ) — — General and administrative expenses (235,467 ) (102,796 ) — — Allowance for doubtful debt (39,234 ) (31,170 ) — — Changes in the fair value of contingent purchase consideration payables 73,913 — — — Impairment of goodwill — (766,440 ) — — Impairment of long-lived assets (392,947 ) (401,808 ) — — Operating loss (884,297 ) (1,525,170 ) — — Group consolidated revenue 3,641,774 3,392,705 3,401,037 494,660 Group consolidated operating (loss) profit (840,196 ) (1,368,538 ) 237,479 34,538 |
Loss Per Share (Tables)
Loss Per Share (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Earnings Per Share [Abstract] | |
Basic and Diluted Loss Per Share | Basic and diluted loss per share for each of the years presented were calculated as follows: For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Numerator: Net loss (931,922 ) (917,644 ) (186,736 ) (27,161 ) Net loss (profit) attributable to noncontrolling interest and redeemable noncontrolling interest 298,324 144,914 (18,329 ) (2,666 ) Net loss attributable to ordinary shareholders (633,598 ) (772,730 ) (205,065 ) (29,827 ) Plus increase in accretion of redeemable noncontrolling interests (210,484 ) (141,896 ) — — Adjusted net loss attributable to ordinary shareholders (844,082 ) (914,626 ) (205,065 ) (29,827 ) Denominator: Weighted average number of shares outstanding—basic 617,169,833 672,836,226 674,732,130 674,732,130 Weighted average number of shares outstanding—diluted 617,169,833 672,836,226 674,732,130 674,732,130 Loss per share—Basic: Net loss (1.37 ) (1.36 ) (0.30 ) (0.04 ) (1.37 ) (1.36 ) (0.30 ) (0.04 ) Loss per share—Diluted: Net loss (1.37 ) (1.36 ) (0.30 ) (0.04 ) (1.37 ) (1.36 ) (0.30 ) (0.04 ) |
Redeemable Noncontrolling Int_2
Redeemable Noncontrolling Interests (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Noncontrolling Interest [Abstract] | |
Redeemable Non Controlling Interests | For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Balance at beginning of the year 790,229 700,000 — — Loss for the year (300,713 ) (141,896 ) — — Increase in accretion of redeemable noncontrolling interests 210,484 141,896 — — Reversal due to extinguishment of put option — (700,000 ) — — Balance at end of the year 700,000 — — — |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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 were summarized below: Fair value measurement using: Quoted prices in Significant other Unobservable Fair value at RMB RMB RMB RMB Cash equivalents: - Time deposits 874,786 — — 874,786 Short-term investments: - Time deposits 548,890 — — 548,890 Long-term investments - Available-for-sale — — 2,537 2,537 Assets 1,423,676 — 2,537 1,426,213 Long-term borrowings: - Bonds payable 1,980,529 — — 1,980,529 Other liabilities: - Liability classified RSU — — 11,865 11,865 Amounts due to related parties: - Contingent purchase consideration payable in relation to the acquisition of subsidiaries — — 36,734 36,734 Liabilities 1,980,529 — 48,599 2,029,128 Fair value measurement using: Quoted prices in Significant other Unobservable Fair value at RMB RMB RMB RMB US$ Cash equivalents: - Time deposits 1,194,425 — — 1,194,425 173,722 Short-term investments: - Time deposits 245,014 — — 245,014 35,636 Long-term investments - Available-for-sale — — 2,537 2,537 369 Assets 1,439,439 — 2,537 1,441,976 209,727 Long-term borrowings: - Bonds payable 2,030,361 — — 2,030,361 295,304 Other liabilities: - Liability classified RSU — — 4,970 4,970 723 Liabilities 2,030,361 — 4,970 2,035,331 296,027 |
Reconciliation of Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs Level Three | The following table presented a reconciliation of all liabilities measured at fair value on a recurring basis using significant unobservable inputs (level 3): Contingent purchase RMB Fair value at January 1, 2017 65,797 Changes in the fair value 937 Settlement of contingent purchase consideration payable (30,000 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2017 36,734 Changes in the fair value (13,905 ) Settlement of contingent purchase consideration payable (22,829 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2018 — Fair value at December 31, 2018 (US$) — Share-settled bonus RMB Fair value at January 1, 2017 37,526 Changes in the fair value (810 ) Reclassification to equity (22,752 ) Bonuses settled in cash during 2017 (13,964 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2017 — Transfers in and/or out of Level 3 — Fair value at December 31, 2018 — Fair value at December 31, 2018 (US$) — Liability classified RMB Fair value at January 1, 2017 34,612 Increase in liability classified RSU 61,903 Reclassification to equity (84,650 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2017 11,865 Reclassification to equity (587 ) Reversal of share-settled bonus (6,308 ) Transfers in and/or out of Level 3 — Fair value at December 31, 2018 4,970 Fair value at December 31, 2018 (US$) 723 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Future Minimum Lease Payments Under Non Cancelable Operating Leases | As of December 31, 2018, the Company has future minimum lease payments under non-cancelable RMB US$ 2019 171,404 24,930 2020 131,268 19,092 2021 151,428 22,024 2022 96,025 13,966 2023 and thereafter 813,854 118,370 1,363,979 198,382 |
Computer and Network Equipment and Construction in Progress | |
Purchase Commitments | As of December 31, 2018, the Company has the following commitments to purchase certain computer and network equipment and construction in progress: RMB US$ 2019 1,148,922 167,104 2020 281,529 40,947 2021 147,609 21,469 2022 104,645 15,220 2023 and thereafter 708,597 103,062 2,391,302 347,802 |
Bandwidth and Cabinet Capacity | |
Purchase Commitments | As of December 31, 2018, the Company has outstanding purchase commitments in relation to bandwidth and cabinet capacity consisting of the following: RMB US$ 2019 480,159 69,836 2020 196,274 28,547 2021 53,537 7,787 2022 51,166 7,442 2023 and thereafter 8,942 1,300 790,078 114,912 |
Parent Company | |
Future Minimum Lease Payments Under Non Cancelable Operating Leases | As of December 31, 2018, the Company has future minimum lease payments under non-cancelable RMB US$ 2019 7,878 1,146 2020 7,564 1,100 2021 7,564 1,100 2022 7,564 1,100 2023 and thereafter 8,941 1,300 39,511 5,746 |
Parent Company Only Condensed_2
Parent Company Only Condensed Financial Information (Tables) - Parent Company | 12 Months Ended |
Dec. 31, 2018 | |
Condensed Balance Sheets | Condensed balance sheets As of December 31, Notes 2017 2018 RMB RMB US$ ASSETS Current assets Cash and cash equivalents 845,632 590,470 85,880 Restricted cash 71,412 — — Short-term investments 548,873 150,990 21,961 Prepaid expenses and other current assets 131,834 98,337 14,303 Amount due from a related party (b ) 26,137 — — Amounts due from subsidiaries (b ) 4,285,743 5,062,149 736,259 Total current assets 5,909,631 5,901,946 858,403 Non-current Investments in subsidiaries and Consolidated VIEs 1,259,455 1,364,685 198,485 Total non-current 1,259,455 1,364,685 198,485 Total assets 7,169,086 7,266,631 1,056,888 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accrued expenses and other payables 70,504 56,656 8,241 Accounts payable 6,351 2,725 396 Interest payable 56,809 53,965 7,849 Amount due to a related party (b ) 39,068 — — Amounts due to subsidiaries (b ) 17,613 21,242 3,090 Total current liabilities 190,345 134,588 19,576 Non-current Bonds payable (d ) 1,929,208 2,037,836 296,391 Total non-current 1,929,208 2,037,836 296,391 Total liabilities 2,119,553 2,172,424 315,967 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; 496,636,128 and 499,706,628 shares issued and outstanding as of December 31, 2017 and 2018, respectively) 34 34 5 Class B Ordinary shares (par value of US$0.00001 per share; 300,000,000 and 300,000,000 shares authorized; 174,649,638 and 174,649,638 shares issued and outstanding as of December 31, 2017 and 2018, respectively) 12 12 2 Additional paid-in 8,980,407 9,141,494 1,329,574 Accumulated other comprehensive (loss) income (2,673 ) 85,979 12,505 Accumulated deficit (3,590,564 ) (3,795,629 ) (552,051 ) Treasury stock (337,683 ) (337,683 ) (49,114 ) Total shareholders’ equity 5,049,533 5,094,207 740,921 Total liabilities and shareholders’ equity 7,169,086 7,266,631 1,056,888 |
Condensed Statements of Operations | Condensed statements of operations For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Operating Expenses General and administrative expenses (124,450 ) (145,890 ) (65,949 ) (9,592 ) Changes in the fair value of contingent purchase consideration payables 93,307 (937 ) 13,905 2,022 Operating loss (31,143 ) (146,827 ) (52,044 ) (7,570 ) Other loss (169,915 ) (95,210 ) (262,186 ) (38,134 ) Share of (losses) profit from subsidiaries and Consolidated VIEs (432,540 ) (530,693 ) 109,165 15,877 Loss before income taxes (633,598 ) (772,730 ) (205,065 ) (29,827 ) Income tax expense — — — — Net loss (633,598 ) (772,730 ) (205,065 ) (29,827 ) |
Condensed Statements of Comprehensive Loss | Condensed statements of comprehensive loss For the years ended December 31, 2016 2017 2018 RMB RMB RMB US$ Net loss (633,598 ) (772,730 ) (205,065 ) (29,827 ) Other comprehensive income (loss), net of tax of nil: Foreign currency translation adjustments, net of tax of nil 142,526 (120,963 ) 88,652 12,894 Other comprehensive income (loss), net of tax of nil: 142,526 (120,963 ) 88,652 12,894 Comprehensive loss (491,072 ) (893,693 ) (116,413 ) (16,933 ) Comprehensive loss attributable to the Company’s ordinary shareholders (491,072 ) (893,693 ) (116,413 ) (16,933 ) |
Condensed Statements of Cash Flows | Condensed statements of cash flows For the years ended December 31, 2016 (As adjusted) 2017 (As adjusted) 2018 RMB RMB RMB US$ Net cash used in operating activities (78,567 ) (18,324 ) (166,068 ) (24,154 ) Net cash used in investing activities (617,613 ) (1,291,042 ) (203,651 ) (29,620 ) Net cash generated from (used in) financing activities 2,254,577 (130,187 ) 43,145 6,275 Net increase (decrease) in cash and cash equivalents and restricted cash 1,558,397 (1,439,553 ) (326,574 ) (47,499 ) Cash and cash equivalents and restricted cash at beginning of the year 798,200 2,356,597 917,044 133,379 Cash and cash equivalents and restricted cash at end of the year 2,356,597 917,044 590,470 85,880 |
Summary of Company Subsidiaries
Summary of Company Subsidiaries and Its Consolidated Variable Interest Entities (Detail) | 12 Months Ended | |
Dec. 31, 2018 | ||
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] |
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 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 | |
Place of incorporation | Hong Kong | |
Percentage of direct ownership by the Company | 100.00% | |
Principal activities | Investment holding and provision of telecommunication services | |
Joytone Infotech Co., Ltd. ("SZ Zhuoaiyi") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Apr. 30, 2013 | [1] |
Place of incorporation | PRC | [1] |
Percentage of direct ownership by the Company | 100.00% | [1] |
Principal activities | Provision of technical and consultation services | [1] |
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 | |
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 | |
Place of incorporation | Hong Kong | |
Percentage of direct ownership by the Company | 100.00% | |
Principal activities | Provision of virtual private network services | |
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] |
21Vianet DRP Investment Holdings Limited [Member] | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Jan. 10, 2017 | |
Place of incorporation | Hong Kong | |
Percentage of direct ownership by the Company | 100.00% | |
Principal activities | Investment holding | |
Shihua DC Investment Holdings Limited. | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Mar. 14, 2017 | |
Place of incorporation | Cayman | |
Percentage of direct ownership by the Company | 51.00% | |
Principal activities | Investment holding | |
21Vianet (Xi'an) Technology Co., Ltd. ("Xi'an Tech") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Jul. 5, 2012 | [1] |
Place of incorporation | PRC | [1] |
Percentage of direct ownership by the Company | 51.00% | [1] |
Principal activities | Provision of technical and internet data center services | [1] |
Foshan Zhuoyi Intelligence Date Co., Ltd. ("FS Zhuoyi") | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Jul. 7, 2016 | [1] |
Place of incorporation | PRC | [1] |
Percentage of direct ownership by the Company | 51.00% | [1] |
Principal activities | Provision of internet data center services | [1] |
Dermot Holding Limited [Member] | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Aug. 8, 2014 | [2] |
Place of incorporation | British Virgin Islands | [2] |
Percentage of direct ownership by the Company | 100.00% | [2] |
Principal activities | Investment holding | [2] |
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],[3] |
Place of incorporation | PRC | [1],[3] |
Percentage of direct ownership by the Company | 0.00% | [1],[3] |
Principal activities | Provision of internet data center services | [1],[3] |
Beijing iJoy Information Technology Co., Ltd. ("BJ iJoy") | Variable Interest Entities | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Apr. 30, 2013 | [1],[3] |
Place of incorporation | PRC | [1],[3] |
Percentage of direct ownership by the Company | 0.00% | [1],[3] |
Principal activities | Provision of internet data center, content delivery network services | [1],[3] |
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],[3] |
Place of incorporation | PRC | [1],[3] |
Percentage of direct ownership by the Company | 0.00% | [1],[3] |
Principal activities | Provision of telecommunication services | [1],[3] |
Beijing 21Vianet Broad Band 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],[3] |
Place of incorporation | PRC | [1],[3] |
Percentage of direct ownership by the Company | 0.00% | [1],[3] |
Principal activities | Provision of internet data center services | [1],[3] |
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],[3] |
Place of incorporation | PRC | [1],[3] |
Percentage of direct ownership by the Company | 0.00% | [1],[3] |
Principal activities | Provision of internet data center services | [1],[3] |
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],[3] |
Place of incorporation | PRC | [1],[3] |
Percentage of direct ownership by the Company | 0.00% | [1],[3] |
Principal activities | Dormant company | [1],[3] |
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],[3] |
Place of incorporation | PRC | [1],[3] |
Percentage of direct ownership by the Company | 0.00% | [1],[3] |
Principal activities | Provision of Office 365 and Windows Azure platform services | [1],[3] |
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],[3] |
Place of incorporation | PRC | [1],[3] |
Percentage of direct ownership by the Company | 0.00% | [1],[3] |
Principal activities | Provision of internet data center services | [1],[3] |
Beijing Hongyuan Network Technology Co., Ltd [Member] | Variable Interest Entities | Held Directly by 21 Vianet Beijing | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Dec. 8, 2014 | [1],[3],[4] |
Place of incorporation | PRC | [1],[3],[4] |
Percentage of direct ownership by the Company | 0.00% | [1],[3],[4] |
Principal activities | Provision of internet data center services | [1],[3],[4] |
Guangzhou Lianyun Big Data Co Ltd [Member] | Variable Interest Entities | Held Directly by 21 Vianet Beijing | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Apr. 14, 2016 | [1],[3] |
Place of incorporation | PRC | [1],[3] |
Percentage of direct ownership by the Company | 0.00% | [1],[3] |
Principal activities | Provision of internet data center services | [1],[3] |
Shenzhen Diyixian Telecommunication Co., Ltd [Member] | Variable Interest Entities | Held Directly by 21 Vianet Beijing | Subsidiaries | ||
Business Acquisition [Line Items] | ||
Date of incorporation/ Acquisition | Aug. 10, 2014 | [1] |
Place of incorporation | PRC | [1] |
Percentage of direct ownership by the Company | 100.00% | [1] |
Principal activities | Provision of virtual private network services | [1] |
[1] | Collectively, the "PRC Subsidiaries". | |
[2] | 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"). | |
[3] | Collectively, the "Consolidated VIEs". | |
[4] | On August 15, 2018, the Company through its subsidiary, 21Vianet Beijing disposed 49% equity interest of BJ Hongyuan to a third party. |
Summary of Company Subsidiari_2
Summary of Company Subsidiaries and Its Consolidated Variable Interest Entities (Parenthetical) (Detail) | Aug. 15, 2018 | Aug. 10, 2014 |
Dermot Entities | ||
Business Acquisition [Line Items] | ||
Business acquisition, equity interests acquired | 100.00% | |
Third Party | ||
Business Acquisition [Line Items] | ||
Business acquisition, equity interests transferred | 49.00% |
Organization - Additional Infor
Organization - Additional Information (Detail) | Dec. 19, 2016 | Jan. 31, 2011CNY (¥) | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($)Entity | Dec. 31, 2018CNY (¥)Entity | Mar. 31, 2017 |
Organization [Line Items] | ||||||
Number of additional VIEs controlled through Primary Beneficiaries | Entity | 2 | 2 | ||||
Assets pledged as collateral | $ 44,069,000 | ¥ 302,999,000 | ||||
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 | $ 6,755,000 | ¥ 46,445,000 | ||||
Internet Data Center Services | ||||||
Organization [Line Items] | ||||||
Equity interest percentage by parent | 51.00% | |||||
Warburg Pincus | ||||||
Organization [Line Items] | ||||||
Equity interest percentage | 49.00% | 49.00% | 49.00% | |||
Option Agreement | ||||||
Organization [Line Items] | ||||||
Exclusive option price | ¥ 1 | |||||
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, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2015CNY (¥) | ||
Current assets: | |||||||||
Cash and cash equivalents | $ 343,038 | ¥ 1,297,418 | ¥ 2,358,556 | ¥ 1,949,631 | |||||
Restricted cash | 38,574 | 1,963,561 | 265,214 | 242,494 | |||||
Short-term investments | 35,636 | 245,014 | 548,890 | ||||||
Prepaid expenses and other current assets | 168,385 | 1,157,740 | 933,750 | ||||||
Amounts due from related parties | 18,245 | 125,446 | 114,256 | ||||||
Total current assets | 680,402 | 4,678,109 | 4,245,542 | ||||||
Non-current assets: | |||||||||
Property and equipment, net | 586,320 | 4,031,242 | 3,319,424 | ||||||
Intangible assets, net | 51,678 | 977,341 | 355,313 | 401,115 | |||||
Land use rights, net | 21,452 | 147,493 | 163,671 | ||||||
Goodwill | 143,921 | 1,755,970 | 989,530 | $ 143,921 | 989,530 | ¥ 1,755,970 | |||
Restricted cash | 5,418 | 33,544 | 37,251 | 3,344 | |||||
Deferred tax assets | 23,190 | 159,441 | 172,818 | ||||||
Amounts due from related parties | 5,007 | 34,424 | 20,210 | ||||||
Other non-current assets | 25,248 | 173,591 | 81,581 | ||||||
Long-term investments | 79,168 | 544,323 | 510,926 | ||||||
Total non-current assets | 941,402 | 6,472,608 | 5,662,619 | ||||||
Total assets | 1,621,804 | 11,150,717 | 9,908,161 | ||||||
Current liabilities: | |||||||||
Short-term bank borrowings | 7,272 | 50,000 | 50,000 | ||||||
Accounts and notes payable | 56,652 | 389,508 | 252,892 | ||||||
Accrued expenses and other payables | 95,894 | 659,320 | 657,133 | ||||||
Advance from customers | 97,453 | 670,037 | 403,244 | ||||||
Deferred revenue | 8,400 | 57,754 | 55,753 | ||||||
Income tax payable | 1,907 | 13,111 | 13,309 | ||||||
Amounts due to related parties | 7,611 | 52,328 | 55,675 | ||||||
Current portion of capital lease obligations | 31,953 | 219,695 | 201,315 | ||||||
Deferred government grants | 607 | 4,173 | 4,574 | ||||||
Total current liabilities | 318,699 | 2,191,210 | 1,764,184 | ||||||
Non-current liabilities: | |||||||||
Amounts due to related parties-non current | 73,373 | 504,478 | |||||||
Non-current portion of capital lease obligations | 111,409 | 765,993 | 600,882 | ||||||
Unrecognized tax benefits | 971 | 6,677 | 16,511 | ||||||
Deferred tax liabilities | 22,939 | 157,720 | 190,873 | ||||||
Deferred government grants | 1,690 | 11,619 | 17,861 | ||||||
Total non-current liabilities | 523,063 | 3,596,323 | 2,942,973 | ||||||
Total liabilities | 841,762 | 5,787,533 | 4,707,157 | ||||||
Net revenues | 494,660 | ¥ 3,401,037 | ¥ 3,392,705 | 3,641,774 | |||||
Net (loss) profit | (27,161) | (186,736) | (917,644) | (931,922) | |||||
Net cash generated from operating activities | 102,534 | 704,966 | 487,202 | 57,569 | |||||
Net cash (used in) generated from investing activities | (44,337) | (304,846) | (833,307) | (841,017) | |||||
Net cash generated from (used in) financing activities | (2,896) | (19,901) | (612,651) | 1,908,883 | |||||
Variable Interest Entity, Primary Beneficiary | |||||||||
Current assets: | |||||||||
Cash and cash equivalents | 79,837 | 548,921 | 233,673 | ||||||
Restricted cash | 29,540 | 203,103 | 149,375 | ||||||
Accounts receivable (net of allowance for doubtful debt of RMB70,627 and RMB69,723 (US$10,141) as of December 31, 2017 and 2018, respectively) | 54,616 | 375,515 | 342,276 | ||||||
Short-term investments | 13,672 | 94,000 | |||||||
Prepaid expenses and other current assets | 147,417 | 1,013,563 | 809,546 | ||||||
Amounts due from related parties | 17,995 | 123,726 | 86,824 | ||||||
Total current assets | 343,077 | 2,358,828 | 1,621,694 | ||||||
Non-current assets: | |||||||||
Property and equipment, net | 451,457 | 3,103,995 | 2,331,139 | ||||||
Intangible assets, net | 6,853 | 47,121 | 45,203 | ||||||
Land use rights, net | 8,738 | 60,078 | 74,162 | ||||||
Goodwill | 44,018 | 302,647 | 302,956 | ||||||
Restricted cash | 4,906 | 33,729 | |||||||
Deferred tax assets | 22,749 | 156,412 | 169,224 | ||||||
Amounts due from related parties | 1,966 | 13,514 | |||||||
Other non-current assets | 23,619 | 162,392 | 67,517 | ||||||
Long-term investments | 31,853 | 219,005 | 355,894 | ||||||
Total non-current assets | 596,159 | 4,098,893 | 3,346,095 | ||||||
Total assets | 939,236 | 6,457,721 | 4,967,789 | ||||||
Current liabilities: | |||||||||
Short-term bank borrowings | 7,272 | 50,000 | 50,000 | ||||||
Accounts and notes payable | 37,532 | 258,048 | 157,970 | ||||||
Accrued expenses and other payables | 57,104 | 392,619 | 368,190 | ||||||
Advance from customers | 97,453 | 670,037 | 403,244 | ||||||
Deferred revenue | 7,421 | 51,026 | 49,699 | ||||||
Income tax payable | 1,239 | 8,519 | 7,400 | ||||||
Amounts due to inter-companies | [1] | 307,919 | 2,117,097 | 1,863,780 | |||||
Amounts due to related parties | 7,529 | 51,763 | 16,053 | ||||||
Current portion of capital lease obligations | 31,953 | 219,695 | 201,315 | ||||||
Current portion of long-term bank borrowings | 10,950 | 75,284 | 70,289 | ||||||
Deferred government grants | 607 | 4,173 | 4,574 | ||||||
Total current liabilities | 566,978 | 3,898,261 | 3,192,514 | ||||||
Non-current liabilities: | |||||||||
Amounts due to inter-companies | [1] | 148,494 | 1,020,972 | 1,020,972 | |||||
Amounts due to related parties-non current | 73,373 | 504,478 | 0 | ||||||
Non-current portion of long-term bank borrowings | 16,290 | 112,000 | 187,638 | ||||||
Non-current portion of capital lease obligations | 123,960 | 852,287 | 687,176 | ||||||
Unrecognized tax benefits | 718 | 4,938 | 13,225 | ||||||
Deferred tax liabilities | 12,300 | 84,568 | 109,339 | ||||||
Deferred government grants | 1,690 | 11,619 | 17,861 | ||||||
Total non-current liabilities | 376,825 | 2,590,862 | 2,036,211 | ||||||
Total liabilities | 943,803 | ¥ 6,489,123 | ¥ 5,228,725 | ||||||
Net revenues | 368,388 | 2,532,854 | 2,578,893 | 2,938,319 | |||||
Net (loss) profit | 7,706 | 52,986 | (567,395) | (674,685) | |||||
Net cash generated from operating activities | 100,883 | 693,620 | 448,051 | 106,803 | |||||
Net cash (used in) generated from investing activities | 19,279 | 132,522 | (604,507) | (470,955) | |||||
Net cash generated from (used in) financing activities | (61,590) | (423,467) | 230,921 | 145,678 | |||||
Net (decrease) increase in cash and cash equivalents and restricted cash | $ 58,572 | ¥ 402,705 | ¥ 74,465 | ¥ (218,474) | |||||
[1] | Amounts due to inter-companies consist of intercompany payables to the other companies within the Company for the purchase of telecommunication resources and fixed assets on behalf of the Consolidated VIEs. |
Consolidated VIE Included in _2
Consolidated VIE Included in Accompanying Consolidated Financial Statements (Parenthetical) (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Variable Interest Entity, Primary Beneficiary | |||
Variable Interest Entity [Line Items] | |||
Accounts receivable, allowance for doubtful accounts | $ 10,141 | ¥ 69,723 | ¥ 70,627 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands | Oct. 01, 2016Segment | Sep. 30, 2017 | Sep. 30, 2016Segment | Dec. 31, 2018USD ($)SegmentReporting_unitshares | Dec. 31, 2018CNY (¥)SegmentReporting_unitshares | Dec. 31, 2017CNY (¥)Segmentshares | Jun. 29, 2017USD ($) | Dec. 31, 2016CNY (¥)shares | Dec. 31, 2018CNY (¥) |
Significant Accounting Policies [Line Items] | |||||||||
Official exchange rate of foreign currency remeasured (RMB per one U.S. dollar) | 6.8755 | 6.8755 | |||||||
Internal use software development costs, Amount capitalized | $ 886 | ¥ 9,238,000 | ¥ 12,781,000 | ¥ 6,093,000 | |||||
Number of reporting units | Reporting_unit | 1 | 1 | |||||||
Cash flows estimated growth rate after six years using terminal value | 3.00% | ||||||||
Discount rate used in the valuations based on weighted average cost of capital | 13.00% | 13.00% | 13.00% | 13.00% | |||||
Discounted cash flow projection period | 5 years | 8 years | |||||||
Impairment losses pursuant to the goodwill tests | ¥ 0 | 766,440,000 | ¥ 0 | ||||||
Long-lived assets impairment | 0 | ||||||||
Deferred revenue | $ 8,400 | 55,753,000 | ¥ 57,754,000 | ||||||
Revenue recognized | 6,617 | 45,492,000 | |||||||
Advertising expense | $ 1,159 | ¥ 7,968,000 | ¥ 7,773,000 | ¥ 20,420,000 | |||||
Share Repurchase Plan, shares repurchased (in shares) | shares | 0 | 0 | 3,448,482 | 815,525 | |||||
Share Repurchase Plan, share value | ¥ 133,126,000 | ¥ 42,665,000 | |||||||
Number of reportable segments | Segment | 2 | 1 | 1 | 1 | 1 | ||||
Aipu Group | |||||||||
Significant Accounting Policies [Line Items] | |||||||||
Discounted cash flow projection period | 7 years | 7 years | |||||||
Long-lived assets impairment | ¥ 170,695,000 | ||||||||
WiFire Group Inc. ("WiFire Group") | |||||||||
Significant Accounting Policies [Line Items] | |||||||||
Discounted cash flow projection period | 5 years | 5 years | |||||||
Long-lived assets impairment | ¥ 231,113,000 | ||||||||
American Depository Shares | |||||||||
Significant Accounting Policies [Line Items] | |||||||||
Share Repurchase Plan, period | 12 months | ||||||||
Share Repurchase Plan, shares repurchased (in shares) | shares | 0 | 0 | 3,448,482 | 815,525 | |||||
Share Repurchase Plan, share value | ¥ 0 | ¥ 133,126,000 | ¥ 42,665,000 | ||||||
Maximum | American Depository Shares | |||||||||
Significant Accounting Policies [Line Items] | |||||||||
Share Repurchase Plan, value | $ | $ 200,000 | ||||||||
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, 2018 | |
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 | 1 year |
Computer and network equipment | Maximum | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 10 years |
Office equipment | Minimum | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 1 year |
Office equipment | Maximum | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 8 years |
Motor vehicles | Minimum | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 4 years |
Motor vehicles | Maximum | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful life | 8 years |
Weighted Average Useful Lives o
Weighted Average Useful Lives of Intangible Assets (Detail) | 12 Months Ended | |
Dec. 31, 2018 | ||
Purchased software | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 6 years 6 months | |
Radio Spectrum License | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 15 years | |
Contract Backlog | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 4 years 10 months 24 days | [1] |
Customer Relationships | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 8 years 9 months 18 days | [1] |
Supplier Relationships | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 10 years | [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 | 20 years | [1] |
Platform Software | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 5 years | [1] |
Non-compete agreement | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 5 years | [1] |
Internal-use Software | ||
Finite-Lived Intangible Assets [Line Items] | ||
Estimated useful life of intangible assets | 4 years 10 months 24 days | |
[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) - CNY (¥) ¥ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Asset Impairment Charges [Abstract] | ||
Impairment of equipment | ¥ 237,956 | ¥ 238,144 |
Impairment of intangible assets | ¥ 163,852 | ¥ 154,803 |
Interest Expenses (Detail)
Interest Expenses (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Supplemental Income Statement Elements [Abstract] | ||||
Interest expense and amortization cost of bonds | $ 21,831 | ¥ 150,098 | ¥ 63,354 | ¥ 113,367 |
Interest expense on bank borrowings | 2,820 | 19,395 | 87,916 | 46,377 |
Interest expense on capital lease | 11,626 | 79,935 | 63,757 | 66,687 |
Total interest expenses | 36,277 | 249,428 | 215,027 | 226,431 |
Less: Total interest expenses capitalized | (1,943) | (13,362) | (29,714) | (27,842) |
Interest expenses, net | $ 34,334 | ¥ 236,066 | ¥ 185,313 | ¥ 198,589 |
Concentration of Risks - Additi
Concentration of Risks - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018USD ($)Customer | Dec. 31, 2017USD ($)Customer | Dec. 31, 2016Customer | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | |
Concentration Risk [Line Items] | |||||
Depreciation of RMB against US$ | 5.00% | (5.80%) | 6.80% | ||
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% | 21.00% | 19.00% | ||
Bandwidth and Cabinet Resources | Customer Concentration Risk | |||||
Concentration Risk [Line Items] | |||||
Concentration of risk, percentage | 4.00% | 2.00% | 4.00% | ||
Bandwidth and Cabinet Resources | Customer Concentration Risk | Largest single customer | Maximum | |||||
Concentration Risk [Line Items] | |||||
Concentration of risk, percentage | 12.00% | ||||
PRC | Credit Concentration Risk | |||||
Concentration Risk [Line Items] | |||||
Cash and cash equivalents, restricted cash and short-term investments, held at major institutions | $ 164,583 | ¥ 1,131,588 | ¥ 640,001 | ||
Outside the PRC | Credit Concentration Risk | |||||
Concentration Risk [Line Items] | |||||
Cash and cash equivalents, restricted cash and short-term investments, held at major institutions | $ 258,083 | $ 323,434 | ¥ 1,774,447 |
Disposal of Subsidiaries- Addit
Disposal of Subsidiaries- Additional Information (Detail) | 1 Months Ended | 12 Months Ended | ||
Sep. 30, 2017CNY (¥)Subsidiaryshares | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of wholly owned subsidiaries | Subsidiary | 6 | |||
Impairment losses of long-lived assets | ¥ 401,808,000 | |||
Impairment losses of goodwill | ¥ 0 | 766,440,000 | ¥ 0 | |
Gain on disposal of subsidiaries | ¥ 497,036,000 | |||
WiFire Group Inc. ("WiFire Group") | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Equity interest transferred | 66.67% | |||
Consideration price | ¥ 6 | |||
Equity interest | 33.33% | |||
Aipu Group | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Consideration price | ¥ 1 | |||
Number of shares transferred | shares | 2 | |||
Ownership percentage before transaction | 50.00% | |||
Description of ownership after transfer of shares | The Company's ownership in SC Aipu changed from 50% equity interest plus one share to 50% equity interest minus one share and lost control. | |||
Tibet Xingtao Culture Communications Co., Ltd. [Member] | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Equity interest transferred | 50.00% | |||
Consideration price | ¥ 1 |
Accounts and Notes Receivable a
Accounts and Notes Receivable and Allowance for Doubtful Debt (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) |
Receivables [Abstract] | |||||
Accounts receivable | $ 86,200 | ¥ 592,669 | ¥ 526,747 | ||
Notes receivable | 379 | 2,606 | 2,720 | ||
Allowance for doubtful debt | (10,322) | (70,970) | $ (10,712) | (73,656) | ¥ (80,910) |
Accounts and notes receivable (net of allowance for doubtful debt of RMB73,656 and RMB70,970 (US$10,322) as of December 31, 2017 and 2018, respectively) | $ 76,257 | ¥ 524,305 | ¥ 455,811 |
Analysis of Allowance for Doubt
Analysis of Allowance for Doubtful Debt (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | |
Receivables [Abstract] | |||
Balance at beginning of the year | $ 10,712 | ¥ 73,656 | ¥ 80,910 |
Additional provision charged to expense | 46 | 315 | 69,553 |
Write-off of accounts receivable | (436) | (3,001) | (19,766) |
Provision included in disposed subsidiaries | (57,041) | ||
Balance at end of the year | $ 10,322 | ¥ 70,970 | ¥ 73,656 |
Short Term Investments (Detail)
Short Term Investments (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Short-term investments | |||
Investment [Line Items] | |||
Time deposits | $ 35,636 | ¥ 245,014 | ¥ 548,890 |
Short-Term Investments - Additi
Short-Term Investments - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Investment [Line Items] | ||||
Investments, interest income | $ 6,572 | ¥ 45,186 | ¥ 32,925 | ¥ 21,078 |
Short-term investments | ||||
Investment [Line Items] | ||||
Investments, interest income | $ 1,062 | ¥ 7,303 | ¥ 4,021 | ¥ 1,148 |
Prepaid Expenses and Other Cu_3
Prepaid Expenses and Other Current Assets (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Prepaid Expense and Other Assets [Abstract] | |||
Prepaid expenses | $ 82,279 | ¥ 565,710 | ¥ 380,869 |
Staff advances | 1,561 | 10,730 | 6,735 |
Interest receivables | 1,751 | 12,037 | 17,644 |
Tax recoverables | 61,327 | 421,654 | 376,642 |
Deposits | 5,814 | 39,971 | 30,669 |
Prepayment for share repurchase plan | 42,710 | ||
Loan to third parties | 8,567 | 58,909 | 60,805 |
Other receivables | 7,086 | 48,729 | 17,676 |
Prepaid expenses and other current assets | $ 168,385 | ¥ 1,157,740 | ¥ 933,750 |
Property and Equipment Includin
Property and Equipment Including Those Held Under Capital Leases (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Property, Plant and Equipment [Line Items] | |||
Property and Equipment, gross | $ 744,019 | ¥ 5,115,505 | ¥ 4,096,090 |
Less: Accumulated depreciation | (272,073) | (1,870,640) | (1,326,511) |
Property Plant And Equipment Net Excluding Construction In Progress | 471,946 | 3,244,865 | 2,769,579 |
Construction-in-progress | 114,374 | 786,377 | 549,845 |
Property and Equipment, net | 586,320 | 4,031,242 | 3,319,424 |
Property | |||
Property, Plant and Equipment [Line Items] | |||
Property and Equipment, gross | 109,566 | 753,319 | 467,312 |
Leasehold improvements | |||
Property, Plant and Equipment [Line Items] | |||
Property and Equipment, gross | 135,684 | 932,896 | 789,734 |
Computer and network equipment | |||
Property, Plant and Equipment [Line Items] | |||
Property and Equipment, gross | 474,196 | 3,260,336 | 2,681,759 |
Optical Fibers | |||
Property, Plant and Equipment [Line Items] | |||
Property and Equipment, gross | 20,758 | 142,723 | 142,723 |
Office equipment | |||
Property, Plant and Equipment [Line Items] | |||
Property and Equipment, gross | 3,547 | 24,390 | 12,671 |
Motor vehicles | |||
Property, Plant and Equipment [Line Items] | |||
Property and Equipment, gross | $ 268 | ¥ 1,841 | ¥ 1,891 |
Property and Equipment Net - Ad
Property and Equipment Net - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Property, Plant and Equipment [Line Items] | ||||
Depreciation expense | $ 82,393 | ¥ 566,491 | ¥ 523,500 | ¥ 480,105 |
Assets held under capital leases | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expense | $ 24,764 | ¥ 170,264 | ¥ 92,920 | ¥ 100,157 |
Depreciation Expense (Detail)
Depreciation Expense (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Property, Plant and Equipment [Line Items] | ||||
Depreciation expenses | $ 82,393 | ¥ 566,491 | ¥ 523,500 | ¥ 480,105 |
Cost of Revenues | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expenses | 75,746 | 520,791 | 458,655 | 397,014 |
Selling and Marketing Expense | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expenses | 144 | 986 | 3,188 | 3,759 |
General and Administrative Expense | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expenses | 4,178 | 28,727 | 41,675 | 45,746 |
Research and Development Expense | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expenses | $ 2,325 | ¥ 15,987 | ¥ 19,982 | ¥ 33,586 |
Carrying Amounts of Property an
Carrying Amounts of Property and Equipment Held Under Capital Leases (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Capital Leased Assets [Line Items] | |||
Property and Equipment Held Under Capital Leases, gross | $ 178,569 | ¥ 1,227,752 | ¥ 1,005,608 |
Less: Accumulated depreciation | (42,408) | (291,579) | (262,601) |
Property and Equipment Held Under Capital Leases, gross | 136,161 | 936,173 | 743,007 |
Construction-in-progress | 114,374 | 786,377 | 549,845 |
Property and Equipment Held Under Capital Leases, net | 219,940 | 1,512,195 | 873,199 |
Property | |||
Capital Leased Assets [Line Items] | |||
Property and Equipment Held Under Capital Leases, gross | 53,138 | 365,353 | 365,353 |
Computer and network equipment | |||
Capital Leased Assets [Line Items] | |||
Property and Equipment Held Under Capital Leases, gross | 104,673 | 719,676 | 497,532 |
Optical Fibers | |||
Capital Leased Assets [Line Items] | |||
Property and Equipment Held Under Capital Leases, gross | 20,758 | 142,723 | 142,723 |
Capital Lease | |||
Capital Leased Assets [Line Items] | |||
Construction-in-progress | $ 83,779 | ¥ 576,022 | ¥ 130,192 |
Carrying Amounts of Property _2
Carrying Amounts of Property and Equipment Pledged to Secure Banking Borrowings (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Property, Plant and Equipment [Line Items] | |||
Assets pledged as collateral | $ 44,069 | ¥ 302,999 | |
Property | |||
Property, Plant and Equipment [Line Items] | |||
Assets pledged as collateral | 20,419 | 140,393 | ¥ 143,893 |
Computer and network equipment | |||
Property, Plant and Equipment [Line Items] | |||
Assets pledged as collateral | 21,258 | 146,159 | 200,954 |
Office equipment | |||
Property, Plant and Equipment [Line Items] | |||
Assets pledged as collateral | $ 6 | ¥ 44 | ¥ 85 |
Summary of Intangible Assets (D
Summary of Intangible Assets (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | ¥ 401,115 | ¥ 977,341 | ||
Additions | 24,837 | 20,311 | ||
Disposals | (6,772) | (280,397) | ||
Foreign currency translation difference | 4,248 | (8,686) | ||
Amortization expense | $ (9,907) | (68,115) | (143,602) | ¥ (183,964) |
Impairment | (163,852) | (154,803) | ||
Ending Balance | 51,678 | 355,313 | 401,115 | 977,341 |
Purchased software | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 50,629 | 73,445 | ||
Additions | 18,744 | 11,073 | ||
Disposals | (6,772) | (5,973) | ||
Foreign currency translation difference | 364 | (905) | ||
Amortization expense | (15,711) | (27,011) | ||
Ending Balance | 6,873 | 47,254 | 50,629 | 73,445 |
Radio Spectrum License | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 77,141 | 91,568 | ||
Foreign currency translation difference | 3,884 | (7,781) | ||
Amortization expense | (8,117) | (6,646) | ||
Ending Balance | 10,604 | 72,908 | 77,141 | 91,568 |
Network Use Right | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 15,834 | |||
Disposals | (15,086) | |||
Amortization expense | (748) | |||
Ending Balance | 15,834 | |||
Contract Backlog | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 11,750 | 18,338 | ||
Amortization expense | (6,588) | (6,588) | ||
Ending Balance | 751 | 5,162 | 11,750 | 18,338 |
Customer Relationships | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 137,882 | 412,775 | ||
Disposals | (134,706) | |||
Amortization expense | (24,921) | (52,992) | ||
Impairment | (87,195) | |||
Ending Balance | 16,429 | 112,961 | 137,882 | 412,775 |
Licenses | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 4,268 | 12,557 | ||
Disposals | (4,000) | |||
Amortization expense | (385) | (757) | ||
Impairment | (3,532) | |||
Ending Balance | 565 | 3,883 | 4,268 | 12,557 |
Supplier Relationships | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 20,144 | 88,443 | ||
Disposals | (7,227) | |||
Amortization expense | (3,074) | (19,304) | ||
Impairment | (41,768) | |||
Ending Balance | 2,483 | 17,070 | 20,144 | 88,443 |
Trade Names | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 96,404 | 168,385 | ||
Disposals | (37,270) | |||
Amortization expense | (5,813) | (12,217) | ||
Impairment | (22,494) | |||
Ending Balance | 13,176 | 90,591 | 96,404 | 168,385 |
Platform Software | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 683 | 3,924 | ||
Amortization expense | (683) | (3,241) | ||
Ending Balance | 683 | 3,924 | ||
Non - Complete Agreement | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 154 | 8,903 | ||
Disposals | (4,297) | |||
Amortization expense | (110) | (3,347) | ||
Impairment | (1,105) | |||
Ending Balance | 6 | 44 | 154 | 8,903 |
Internal-use Software | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 2,060 | 40,006 | ||
Additions | 6,093 | 9,238 | ||
Disposals | (41,660) | |||
Amortization expense | (2,713) | (5,524) | ||
Ending Balance | $ 791 | ¥ 5,440 | 2,060 | 40,006 |
Property management relationship | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Beginning Balance | 43,163 | |||
Disposals | (30,178) | |||
Amortization expense | (5,227) | |||
Impairment | ¥ (7,758) | |||
Ending Balance | ¥ 43,163 |
Intangible Assets Net - Additio
Intangible Assets Net - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Finite-Lived Intangible Assets [Line Items] | ||||
Intangible assets, amortization expenses | $ 9,907 | ¥ 68,115 | ¥ 143,602 | ¥ 183,964 |
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, 2018 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | ||
2019 | $ 8,227 | ¥ 56,567 |
2020 | 6,870 | 47,232 |
2021 | 6,545 | 45,005 |
2022 | 5,976 | 41,088 |
2023 | 4,120 | 28,322 |
Finite-Lived Intangible Assets, Net, Total | $ 31,738 | ¥ 218,214 |
Land Use Rights (Detail)
Land Use Rights (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Goodwill and Intangible Assets Disclosure [Abstract] | |||
Cost | $ 23,197 | ¥ 159,494 | ¥ 172,520 |
Accumulated amortization | (1,745) | (12,001) | (8,849) |
Land use rights, net | $ 21,452 | ¥ 147,493 | ¥ 163,671 |
Carrying Value of Land Use Righ
Carrying Value of Land Use Rights Pledged by Group to Secure Banking Borrowings (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Goodwill and Intangible Assets Disclosure [Abstract] | |||
Land use rights | $ 2,386 | ¥ 16,403 | ¥ 16,818 |
Goodwill (Detail)
Goodwill (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Beginning Balance | $ 143,921 | ¥ 989,530 | ¥ 1,755,970 | ¥ 1,755,970 |
Impairment | 0 | (766,440) | 0 | |
Ending Balance | $ 143,921 | ¥ 989,530 | ¥ 989,530 | ¥ 1,755,970 |
Goodwill - Additional Informati
Goodwill - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||||||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2015CNY (¥) | |
Goodwill [Line Items] | ||||||||
Goodwill | $ 143,921 | $ 143,921 | ¥ 1,755,970 | ¥ 989,530 | ¥ 989,530 | ¥ 1,755,970 | ||
Impairment losses of goodwill | ¥ 0 | ¥ 766,440 | 0 | |||||
Hosting and Related Services | ||||||||
Goodwill [Line Items] | ||||||||
Goodwill | 989,530 | |||||||
Impairment losses of goodwill | $ | $ 0 | $ 0 | ||||||
Managed Network Services [Member] | ||||||||
Goodwill [Line Items] | ||||||||
Goodwill | ¥ 766,440 |
Long Term Investments (Detail)
Long Term Investments (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) |
Long-term Investments [Abstract] | ||||
Equity investments without readily determinable fair values | $ 7,477 | ¥ 51,410 | ¥ 57,567 | |
Equity method investments | 71,322 | 490,376 | 450,822 | ¥ 234,863 |
Available-for-sale debt investments | 369 | 2,537 | 2,537 | |
Long term investments | $ 79,168 | ¥ 544,323 | ¥ 510,926 |
Long-Term Investments - Additio
Long-Term Investments - Additional Information (Detail) $ in Thousands | 1 Months Ended | 12 Months Ended | |||||||||||||
Mar. 31, 2018USD ($) | Mar. 31, 2018CNY (¥) | Jan. 31, 2018USD ($) | Jan. 31, 2018CNY (¥) | Sep. 30, 2017CNY (¥) | Mar. 31, 2017CNY (¥) | Dec. 31, 2013CNY (¥) | Apr. 30, 2012CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2018CNY (¥) | Mar. 31, 2018CNY (¥) | Jun. 30, 2016CNY (¥) | |
Investment [Line Items] | |||||||||||||||
Impairment of investment | ¥ 20,258,000 | ||||||||||||||
Cost of investment | 312,176,000 | ¥ 150,000,000 | ¥ 521,863,000 | ||||||||||||
Equity method investment loss | $ (27,146) | ¥ (186,642,000) | 53,783,000 | 35,652,000 | |||||||||||
Equity method investment realized gain on disposal | 2,401 | 16,509,000 | |||||||||||||
Equity method investment | 71,322 | 450,822,000 | 234,863,000 | ¥ 490,376,000 | |||||||||||
WiFire Group Inc. ("WiFire Group") | |||||||||||||||
Investment [Line Items] | |||||||||||||||
Equity interest, percentage | 33.33% | ||||||||||||||
Cost of investment | 15,000,000 | ||||||||||||||
Percentage of ownership disposed | 66.67% | ||||||||||||||
Equity method investment | 0 | ||||||||||||||
Equity method investment at fair value | ¥ 6 | ||||||||||||||
Equity Investments Without Readily Determinable Fair Value | |||||||||||||||
Investment [Line Items] | |||||||||||||||
Equity investment without readily determinable fair values | 3,877 | 26,653,000 | |||||||||||||
Dividend income of non-marketable investments | 59 | 406,000 | 1,821,000 | ||||||||||||
Gain from disposal of non-marketable investments | $ 2,981 | 20,496,000 | 0 | ||||||||||||
Impairment of investment | 0 | ¥ 20,258,000 | ¥ 0 | ||||||||||||
Yizhuang Venture Investment Fund | |||||||||||||||
Investment [Line Items] | |||||||||||||||
Equity interest, percentage | 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 | ||||||||||||
Equity method investment loss | (150,355,000) | 90,888,000 | |||||||||||||
Equity method investment | $ 18,425 | 277,036,000 | 186,148,000 | 126,681,000 | |||||||||||
Unis Tech | |||||||||||||||
Investment [Line Items] | |||||||||||||||
Equity interest, percentage | 49.00% | ||||||||||||||
Cost of investment | 49,000,000 | 49,000,000 | ¥ 49,000,000 | ||||||||||||
Equity method investment cash consideration | $ 7,127 | ¥ 49,000,000 | |||||||||||||
Equity method investment loss | 516 | ¥ 3,548,000 | (3,548,000) | (12,676,000) | |||||||||||
Equity method investment realized gain on disposal | $ 2,401 | 16,509,000 | 16,509,000 | ||||||||||||
Equity method investment | 36,039,000 | ¥ 48,175,000 | |||||||||||||
Shihua DC Investment Holdings Limited | |||||||||||||||
Investment [Line Items] | |||||||||||||||
Equity interest, percentage | 49.00% | ||||||||||||||
Investment in an equity investee, addition | ¥ 147,176,000 | 31,917 | 219,447,000 | ||||||||||||
Cost of investment | 147,176,000 | 366,623,000 | |||||||||||||
Equity method investment loss | (24,229,000) | (9,429,000) | |||||||||||||
Equity method investment | 48,428 | ¥ 137,747,000 | 332,965,000 | ||||||||||||
Jingliang Inter Cloud | |||||||||||||||
Investment [Line Items] | |||||||||||||||
Equity interest, percentage | 60.00% | 60.00% | |||||||||||||
Investment in an equity investee, addition | $ 873 | ¥ 6,000,000 | |||||||||||||
Cost of investment | 6,000,000 | ||||||||||||||
Equity method investment loss | (34,000) | ||||||||||||||
Equity method investment | 868 | 5,966,000 | |||||||||||||
Jingliang Century Cloud | |||||||||||||||
Investment [Line Items] | |||||||||||||||
Equity interest, percentage | 40.00% | 40.00% | |||||||||||||
Investment in an equity investee, addition | $ 582 | ¥ 4,000,000 | |||||||||||||
Cost of investment | 4,000,000 | ||||||||||||||
Equity method investment | 582 | 4,000,000 | |||||||||||||
Huaye Cloud | |||||||||||||||
Investment [Line Items] | |||||||||||||||
Equity interest, percentage | 50.00% | 50.00% | |||||||||||||
Investment in an equity investee, addition | $ 3,394 | ¥ 23,333,000 | |||||||||||||
Cost of investment | 23,333,000 | ||||||||||||||
Equity method investment loss | ¥ (6,319,000) | ||||||||||||||
Equity method investment | $ 2,474 | ¥ 17,014,000 |
Equity Method Investments (Deta
Equity Method Investments (Detail) ¥ in Thousands, $ in Thousands | 1 Months Ended | 12 Months Ended | ||||||
Mar. 31, 2018USD ($) | Mar. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2018CNY (¥) | Jun. 30, 2016CNY (¥) | |
Schedule of Equity Method Investments [Line Items] | ||||||||
Accumulated, share equity gain (loss) | ¥ 138,646 | ¥ 84,863 | ¥ (47,996) | |||||
Investment in an equity investee, addition | ¥ 209,687 | 162,176 | ||||||
Share equity gain, during period | $ (27,146) | (186,642) | 53,783 | 35,652 | ||||
Disposal gain | 2,401 | 16,509 | ||||||
Cost investment | 312,176 | 150,000 | 521,863 | |||||
Accumulated, disposal gain | 16,509 | |||||||
Investment in equity investee | 71,322 | 450,822 | 234,863 | 490,376 | ||||
Yizhuang Venture Investment Fund | ||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||
Accumulated, share equity gain (loss) | 176,036 | 85,148 | 25,681 | |||||
Share equity gain, during period | (150,355) | 90,888 | ||||||
Cost investment | 101,000 | 101,000 | 101,000 | |||||
Investment in equity investee | 18,425 | 277,036 | 186,148 | 126,681 | ||||
Unis Tech | ||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||
Accumulated, share equity gain (loss) | (12,961) | (285) | (16,509) | |||||
Investment in an equity investee, addition | (49,000) | |||||||
Share equity gain, during period | $ 516 | ¥ 3,548 | (3,548) | (12,676) | ||||
Disposal gain | $ 2,401 | ¥ 16,509 | 16,509 | |||||
Cost investment | 49,000 | 49,000 | ¥ 49,000 | |||||
Accumulated, disposal gain | 16,509 | |||||||
Investment in equity investee | 36,039 | ¥ 48,175 | ||||||
Shihua DC Investment Holdings Limited | ||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||
Accumulated, share equity gain (loss) | (9,429) | (33,658) | ||||||
Investment in an equity investee, addition | 219,447 | 147,176 | ||||||
Share equity gain, during period | (24,229) | (9,429) | ||||||
Cost investment | 147,176 | 366,623 | ||||||
Investment in equity investee | 48,428 | 137,747 | 332,965 | |||||
WiFire Group Inc. ("WiFire Group") | ||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||
Accumulated, share equity gain (loss) | (15,000) | (15,000) | ||||||
Investment in an equity investee, addition | 15,000 | |||||||
Share equity gain, during period | (15,000) | |||||||
Cost investment | ¥ 15,000 | 15,000 | ||||||
Jingliang Inter Cloud | ||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||
Accumulated, share equity gain (loss) | (34) | |||||||
Investment in an equity investee, addition | 6,000 | |||||||
Share equity gain, during period | (34) | |||||||
Cost investment | 6,000 | |||||||
Investment in equity investee | 868 | 5,966 | ||||||
Jingliang Century Cloud | ||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||
Investment in an equity investee, addition | 4,000 | |||||||
Cost investment | 4,000 | |||||||
Investment in equity investee | 582 | 4,000 | ||||||
Huaye Cloud | ||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||
Accumulated, share equity gain (loss) | (6,319) | |||||||
Investment in an equity investee, addition | 23,333 | |||||||
Share equity gain, during period | (6,319) | |||||||
Cost investment | 23,333 | |||||||
Investment in equity investee | 2,474 | 17,014 | ||||||
ZJK Energy | ||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||
Accumulated, share equity gain (loss) | (2,157) | |||||||
Investment in an equity investee, addition | 5,907 | |||||||
Share equity gain, during period | ¥ (2,157) | |||||||
Cost investment | 5,907 | |||||||
Investment in equity investee | $ 545 | ¥ 3,750 |
Summary of Bank Borrowings (Det
Summary of Bank Borrowings (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Debt Disclosure [Abstract] | |||
Short-term bank borrowings | $ 7,272 | ¥ 50,000 | ¥ 50,000 |
Long-term bank borrowings, current portion | 10,950 | 75,284 | 70,289 |
Debt, Current, Total | 18,222 | 125,284 | 120,289 |
Long-term bank borrowings, non-current portion | 16,290 | 112,000 | 187,638 |
Total bank borrowings | $ 34,512 | ¥ 237,284 | ¥ 307,927 |
Bank Borrowings - Additional In
Bank Borrowings - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | |
Schedule Of Short And Long Term Debt [Line Items] | |||
Short-term bank borrowings, weighted Average Interest rate | 4.05% | 4.05% | 4.04% |
Short-term bank borrowings, term | 1 year | ||
Unused loan facilities (in RMB) or (in dollars) | $ 3,109 | ¥ 21,375 | ¥ 140,940 |
Long Term Bank Borrowings | |||
Schedule Of Short And Long Term Debt [Line Items] | |||
Long-term bank borrowings, weighted average interest rate | 5.31% | 5.31% | 5.50% |
Secured Bank Borrowings (Detail
Secured Bank Borrowings (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Debt Instrument [Line Items] | |||
Short-term borrowings | $ 7,272 | ¥ 50,000 | ¥ 50,000 |
Long-term bank borrowings (including current portion) | 187,284 | 257,927 | |
Unsecured Borrowing | |||
Debt Instrument [Line Items] | |||
Long-term bank borrowings (including current portion) | 49,284 | 99,927 | |
Secured by a Subsidiary's Fixed Assets and Land Use Right | Long-term bank borrowings, (including current portion) 1 | |||
Debt Instrument [Line Items] | |||
Long-term bank borrowings (including current portion) | 138,000 | 158,000 | |
Secured by restricted cash | Short-term bank borrowings 1 | |||
Debt Instrument [Line Items] | |||
Short-term borrowings | ¥ 50,000 | ¥ 50,000 |
Secured Bank Borrowings (Parent
Secured Bank Borrowings (Parenthetical) (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Debt Instrument [Line Items] | |||
Assets pledged as collateral | $ 44,069 | ¥ 302,999 | |
Long-term bank borrowings, (including current portion) 1 | Fixed assets | |||
Debt Instrument [Line Items] | |||
Assets pledged as collateral | 41,683 | 286,596 | ¥ 344,932 |
Long-term bank borrowings, (including current portion) 1 | Land Use Rights [Member] | |||
Debt Instrument [Line Items] | |||
Assets pledged as collateral | 2,386 | 16,403 | 16,818 |
Short-term bank borrowings 1 | |||
Debt Instrument [Line Items] | |||
Restricted cash | $ 8,842 | ¥ 60,796 | ¥ 50,809 |
Components of Accrued Expenses
Components of Accrued Expenses and Other Payables (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Payables and Accruals [Abstract] | |||
Payroll and welfare payables | $ 32,618 | ¥ 224,265 | ¥ 197,171 |
Value-added tax and other taxes payable | 2,463 | 16,931 | 16,951 |
Payables for office supplies and utilities | 3,159 | 21,719 | 29,488 |
Payables for the purchase of property and equipment | 30,181 | 207,512 | 185,594 |
Payables for the purchase of intangible assets | 666 | 4,576 | 3,706 |
Accrued service fees | 6,053 | 41,618 | 52,090 |
Interest payables | 7,909 | 54,376 | 57,359 |
Liability classified RSU | 723 | 4,970 | 11,865 |
Payables for acquisitions | 6,946 | 47,755 | 47,755 |
Payables for litigation settlement | 9,801 | ||
Others | 5,176 | 35,598 | 45,353 |
Accrued expenses and other payables | $ 95,894 | ¥ 659,320 | ¥ 657,133 |
Future Minimum Lease Payments U
Future Minimum Lease Payments Under Non Cancellable Capital Lease Arrangements (Detail) - Dec. 31, 2018 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Capital Lease Obligations [Abstract] | ||
2019 | $ 44,464 | ¥ 305,710 |
2020 | 31,638 | 217,525 |
2021 | 46,161 | 317,382 |
2022 | 14,106 | 96,990 |
2023 and thereafter | 83,767 | 575,941 |
Total minimum lease payments | 220,136 | 1,513,548 |
Less: amount representing interest | (76,774) | (527,860) |
Present value of remaining minimum lease payments | $ 143,362 | ¥ 985,688 |
Capital Leases - Additional Inf
Capital Leases - Additional Information (Detail) | Dec. 31, 2018 | Dec. 31, 2017 |
Capital Leases | ||
Schedule of Capital Lease Obligations [Line Items] | ||
Weighted average interest rate | 10.37% | 9.93% |
Bonds Payable - Additional Info
Bonds Payable - Additional Information (Detail) ¥ in Thousands, $ in Thousands | Sep. 29, 2017USD ($) | Aug. 17, 2017CNY (¥) | Dec. 31, 2017CNY (¥) | Aug. 17, 2017USD ($) |
Debt Instrument [Line Items] | ||||
Proceeds from issuance of bonds, net | ¥ 1,936,154 | |||
Bonds 7% Due 2020 | ||||
Debt Instrument [Line Items] | ||||
Debt instrument, face amount | $ | $ 100,000 | $ 200,000 | ||
Debt instrument, stated rate | 7.00% | 7.00% | ||
Debt instrument, maturity date | Aug. 17, 2020 | Aug. 17, 2020 | ||
Debt instrument, frequency of periodic payment | Payable semi-annually in arrears on August 17 and February 17 in each year | |||
Debt instrument, premium price | 1.0004 | |||
Debt instrument, effective yield | 6.98% | |||
Proceeds from issuance of bonds, net | ¥ 1,926,419 |
Repayments of Principal Amounts
Repayments of Principal Amounts of Long-Term Borrowings, Including Bonds Payable, Bank and Other Borrowings (Detail) - Dec. 31, 2018 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Debt Disclosure [Abstract] | ||
2019 | $ 18,222 | ¥ 125,284 |
2020 | 304,190 | 2,091,460 |
2021 | 5,672 | 39,000 |
2022 | 5,890 | 40,500 |
2023 thereafter | $ 0 | ¥ 0 |
Deferred Government Grants - Ad
Deferred Government Grants - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Components of Other Income (Expense) [Line Items] | ||||
Government grants received | $ 494,660 | ¥ 3,401,037 | ¥ 3,392,705 | ¥ 3,641,774 |
Grant | ||||
Components of Other Income (Expense) [Line Items] | ||||
Government grants received | $ 73 | ¥ 500 | ¥ 2,877 | ¥ 0 |
Movements of Deferred Governmen
Movements of Deferred Government Grants (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Components of Other Income (Expense) [Line Items] | ||||
Additions | $ 494,660 | ¥ 3,401,037 | ¥ 3,392,705 | ¥ 3,641,774 |
Grant | ||||
Components of Other Income (Expense) [Line Items] | ||||
Balance at beginning of the year | 3,263 | 22,435 | 30,993 | 37,620 |
Additions | 73 | 500 | 2,877 | 0 |
Decrease due to disposal of subsidiaries | (3,573) | |||
Recognized as a reduction of depreciation expense | (1,039) | (7,143) | (7,862) | (6,627) |
Balance at end of the year | $ 2,297 | ¥ 15,792 | ¥ 22,435 | ¥ 30,993 |
Treasury Stock - Additional Inf
Treasury Stock - Additional Information (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Schedule of Capitalization, Equity [Line Items] | |||
Share Repurchase Plan, shares repurchased (in shares) | 0 | 3,448,482 | 815,525 |
American Depository Shares | |||
Schedule of Capitalization, Equity [Line Items] | |||
Share Repurchase Plan, shares repurchased (in shares) | 0 | 3,448,482 | 815,525 |
Business acquisition, shares issued | 0 | 0 | 223,161 |
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, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | ¥ 5,201,004 | ¥ 6,151,017 | ¥ 4,034,375 | |
Other comprehensive income (loss) | $ 12,894 | 88,652 | (120,963) | 142,526 |
Ending Balance | 780,042 | 5,363,184 | 5,201,004 | 6,151,017 |
Accumulated Translation Adjustment | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | (2,673) | 118,290 | (24,236) | |
Other comprehensive income (loss) | 88,652 | (120,963) | 142,526 | |
Ending Balance | $ 12,505 | ¥ 85,979 | ¥ (2,673) | ¥ 118,290 |
Mainland China Employee Contr_2
Mainland China Employee Contribution Plan - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
PRC | ||||
Multiemployer Plans [Line Items] | ||||
Total expense for defined contribution plan | $ 17,797 | ¥ 122,362 | ¥ 134,053 | ¥ 130,630 |
Share Based Compensation - Addi
Share Based Compensation - Additional Information (Detail) $ / shares in Units, ¥ in Thousands | May 29, 2014shares | Jul. 16, 2010shares | Dec. 31, 2018USD ($)$ / sharesshares | Dec. 31, 2018CNY (¥)shares | Dec. 31, 2017USD ($)$ / sharesshares | Dec. 31, 2017CNY (¥)shares | Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2016CNY (¥)shares | Dec. 31, 2018CNY (¥)shares | Oct. 30, 2015shares |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share based compensation, fair value of shares exercised during the period | ¥ | ¥ 435 | ¥ 926 | ¥ 3,391 | |||||||
Aggregate intrinsic value of options exercise | $ | $ 248,000 | $ 306,000 | $ 1,906,000 | |||||||
Share based compensation expense | $ 8,659,000 | 59,538 | 47,129 | 118,729 | ||||||
Dermot Entities | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share based compensation expense | ¥ | ¥ 0 | ¥ 5,752 | ¥ 10,871 | |||||||
Performance Based Awards | One or Four-Year Period | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share based compensation, RSUs granted | 487,368 | 487,368 | 611,111 | 611,111 | 1,059,668 | 1,059,668 | ||||
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 | ||||||||
Restricted Stock Units (RSUs) | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share based compensation, RSUs granted | 3,222,650 | 3,222,650 | ||||||||
Aggregate fair value, unvested | $ 27,807,000 | ¥ 191,187 | ||||||||
Weighted-average grant-date fair value | $ / shares | $ 6.39 | $ 6.31 | $ 8.85 | |||||||
Total fair value vested | $ | $ 9,422,000 | $ 18,238,000 | $ 14,849,000 | |||||||
Unrecognized share-based compensation cost | $ 12,262,000 | ¥ 84,307 | ||||||||
Unrecognized compensation costs, weighted-average recognition period | 3 years 7 months 6 days | 3 years 7 months 6 days | ||||||||
Minimum Performance Target | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share based compensation, RSUs granted | 2,188,226 | 2,188,226 | ||||||||
Market Based Awards | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share based compensation, RSUs granted | 547,056 | 547,056 | ||||||||
2014 Plan | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share based compensation, option expiry period | 10 years | |||||||||
2014 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 | 20,461,380 | 39,606,817 | ||||||||
Share based compensation, option vesting period | 4 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 | Minimum | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share based compensation, option vesting period | 3 years | |||||||||
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 | 1,479,214 | 1,699,186 | 1,699,186 | 1,479,214 | ||||||
Share based compensation, aggregate intrinsic value | $ 1,370,000 | ¥ 9,419 | ||||||||
Share based compensation, fair value of option outstanding at grant date | $ 2,126,000 | ¥ 14,617 | ||||||||
Share based compensation, weighted average grant-date fair value of option | $ / shares | $ 0 | $ 0 | $ 2 | |||||||
Share based compensation, fair value of shares exercised during the period | $ | $ 239,000 | $ 404,000 | $ 2,147,000 | |||||||
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 |
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, 2018USD ($)$ / sharesshares | Dec. 31, 2017$ / sharesshares | Dec. 31, 2018CNY (¥)shares | |
Number of options | |||
Outstanding, beginning balance | shares | 1,699,186 | ||
Exercised (in shares) | shares | (219,972) | ||
Outstanding, ending balance | shares | 1,479,214 | 1,699,186 | |
Vested and expected to vest at December 31, 2018 | shares | 1,479,214 | 1,479,214 | |
Exercisable as of December 31, 2018 | shares | 1,479,214 | 1,479,214 | |
Weighted average exercise price | |||
Outstanding, beginning balance | $ / shares | $ 0.49 | ||
Exercised | $ / shares | 0.31 | ||
Outstanding, ending balance | $ / shares | 0.51 | $ 0.49 | |
Vested and expected to vest at December 31, 2018 | $ / shares | 0.51 | ||
Exercisable as of December 31, 2018 | $ / shares | $ 0.51 | ||
Weighted average remaining contractual term | |||
Outstanding, December 31, 2018 | 2 years 2 months 12 days | 3 years 6 months | |
Vested and expected to vest at December 31, 2018 | 2 years 2 months 12 days | ||
Exercisable as of December 31, 2018 | 2 years 2 months 12 days | ||
Aggregate intrinsic value | |||
Outstanding, December 31, 2018 | $ 1,370 | ¥ 9,419 | |
Vested and expected to vest at December 31, 2018 | $ | 1,370 | ||
Exercisable as of December 31, 2018 | $ | $ 1,370 |
Restricted Stock Units Activity
Restricted Stock Units Activity (Detail) - Restricted Stock Units (RSUs) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Number of RSUs | ||
Unvested, beginning balance | 1,516,898 | |
Granted | 3,222,650 | |
Vested | (852,593) | |
Forfeited | (668,503) | |
Unvested, ending balance | 3,218,452 | 1,516,898 |
Weighted-average grant date fair value | ||
Unvested, beginning balance (in dollars per share) | $ 11.76 | |
Granted (in dollars per share) | 6.39 | |
Vested (in dollars per share) | 11.05 | |
Forfeited (in dollars per share) | 14.95 | |
Unvested, ending balance (in dollars per share) | $ 6.66 | $ 11.76 |
Weighted-average remaining contractual terms (Years) | ||
Unvested, December 31, 2018 | 9 years | 7 years 10 months 24 days |
Aggregated intrinsic value | ||
Unvested, December 31, 2018 (in dollars) | $ 27,807 |
Total Compensation Expense Reco
Total Compensation Expense Recognized Relating to Options Granted to Employees (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Share based compensation expense | $ 8,659 | ¥ 59,538 | ¥ 47,129 | ¥ 118,729 |
Cost of Revenues | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Share based compensation expense | 388 | 2,668 | (277) | (4,110) |
Selling and Marketing Expense | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Share based compensation expense | 311 | 2,139 | (681) | 2,490 |
General and Administrative Expense | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Share based compensation expense | 7,759 | 53,346 | 47,945 | 123,273 |
Research and Development Expense | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Share based compensation expense | $ 201 | ¥ 1,385 | ¥ 142 | ¥ (2,924) |
Taxation - Additional Informati
Taxation - Additional Information (Detail) ¥ in Thousands, $ in Thousands | Jan. 01, 2008 | Nov. 30, 2016 | Oct. 31, 2015 | Apr. 30, 2011 | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015 | Dec. 31, 2017CNY (¥) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) |
Income Taxes [Line Items] | ||||||||||||||
Unified enterprise income tax rate | 25.00% | |||||||||||||
Statutory income tax rate | 25.00% | 25.00% | 25.00% | 25.00% | ||||||||||
Undistributed earnings from its PRC subsidiaries | $ 163,405 | $ 163,405 | ¥ 1,123,491 | |||||||||||
Unrecognized tax benefits | $ 971 | ¥ 16,511 | ¥ 16,511 | $ 971 | 6,677 | |||||||||
Unrecognized tax benefits impact in the effective rate | 1,896 | |||||||||||||
Shanghai Blue Cloud Technology Co., Ltd. ("SH Blue Cloud") | ||||||||||||||
Income Taxes [Line Items] | ||||||||||||||
Preferential tax rate | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | |||||||||
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% | 15.00% | 15.00% | |||||||||
Preferential tax rate, additional term | 3 years | |||||||||||||
Beijing 21Vianet Broad Band 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% | 25.00% | 25.00% | |||||||||
Beijing iJoy Information Technology Co., Ltd. ("BJ iJoy") | ||||||||||||||
Income Taxes [Line Items] | ||||||||||||||
Unified enterprise income tax rate | 25.00% | 25.00% | ||||||||||||
Tax holiday, exemption rate | 50.00% | 50.00% | 50.00% | 100.00% | 100.00% | |||||||||
Tax holiday reduction period | 3 years | 2 years | ||||||||||||
TAIWAN | DYX Taiwan | ||||||||||||||
Income Taxes [Line Items] | ||||||||||||||
Income tax rate | 17.00% | 17.00% | 17.00% | 17.00% | ||||||||||
PRC | ||||||||||||||
Income Taxes [Line Items] | ||||||||||||||
Income tax rate on PRC tax resident enterprises | 25.00% | 25.00% | ||||||||||||
Net tax operating losses from PRC subsidiaries (in RMB) | $ 66,106 | $ 66,106 | 454,513 | |||||||||||
Interest expenses (in RMB) | (402) | ¥ (2,761) | ¥ 674 | ¥ 2,779 | ||||||||||
Accumulated interest expenses (in RMB) | $ 315 | ¥ 4,929 | ¥ 4,929 | $ 315 | ¥ 2,168 | |||||||||
PRC | Minimum | ||||||||||||||
Income Taxes [Line Items] | ||||||||||||||
Net tax operating losses expiration year | 2019 | 2019 | ||||||||||||
PRC | Maximum | ||||||||||||||
Income Taxes [Line Items] | ||||||||||||||
Net tax operating losses expiration year | 2028 | 2028 | ||||||||||||
HONG KONG | 21Vianet Hong Kong Entities | ||||||||||||||
Income Taxes [Line Items] | ||||||||||||||
Withholding tax amount | ¥ 0 | |||||||||||||
Income tax rate | 16.50% | 16.50% | 16.50% | 16.50% | ||||||||||
Non-PRC | ||||||||||||||
Income Taxes [Line Items] | ||||||||||||||
Withholding tax percent | 10.00% | 10.00% | ||||||||||||
British Virgin Islands | 21Vianet Hong Kong Entities | ||||||||||||||
Income Taxes [Line Items] | ||||||||||||||
Withholding tax amount | ¥ 0 |
Profit or Loss Before Income Ta
Profit or Loss Before Income Taxes (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Schedule of Income Before Income Tax [Line Items] | ||||
Loss before income taxes | $ (23,611) | ¥ (162,325) | ¥ (1,007,814) | ¥ (943,082) |
Non-PRC | ||||
Schedule of Income Before Income Tax [Line Items] | ||||
Loss before income taxes | (31,136) | (214,063) | (286,388) | (155,364) |
PRC | ||||
Schedule of Income Before Income Tax [Line Items] | ||||
Loss before income taxes | $ 7,525 | ¥ 51,738 | ¥ (721,426) | ¥ (787,718) |
Income Tax Benefits (Expense) (
Income Tax Benefits (Expense) (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Income Tax Disclosure [Abstract] | ||||
Current | $ (6,426) | ¥ (44,187) | ¥ (37,856) | ¥ (54,772) |
Deferred | 2,876 | 19,776 | 128,026 | 65,932 |
Income tax benefits (expenses) | $ (3,550) | ¥ (24,411) | ¥ 90,170 | ¥ 11,160 |
Reconciliation Tax Computed App
Reconciliation Tax Computed Applying Statutory Income Tax Rate (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Income Tax Disclosure [Abstract] | ||||
Loss before income taxes | $ (23,611) | ¥ (162,325) | ¥ (1,007,814) | ¥ (943,082) |
Income tax benefits computed at applicable tax rates (25%) | 5,902 | 40,581 | 251,954 | 235,770 |
Non-deductible expenses | (412) | (2,834) | (5,468) | (16,610) |
Research and development expenses | 3,768 | 25,906 | 11,895 | 7,766 |
Effect of tax holidays | 1,691 | |||
Preferential rate | 1,702 | 11,701 | (90,076) | (11,060) |
Current and deferred tax rate differences | 5,517 | 37,934 | 33,366 | (1,521) |
International rate differences | (9,239) | (63,525) | 59,029 | (51,392) |
Tax exempted income | 9,878 | |||
Unrecognized tax benefits | 214 | 1,472 | (6,259) | (14,525) |
Deferred tax expense | 2,851 | 1,516 | ||
Change in valuation allowance | (11,591) | (79,694) | (174,388) | (158,724) |
Prior year provision to return true up | 589 | 4,048 | 7,266 | 8,371 |
Income tax benefits (expenses) | $ (3,550) | ¥ (24,411) | ¥ 90,170 | ¥ 11,160 |
Reconciliation Tax Computed A_2
Reconciliation Tax Computed Applying Statutory Income Tax Rate (Parenthetical) (Detail) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
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 | |
Income Tax Disclosure [Abstract] | |
Basic | ¥ 0.003 |
Diluted | ¥ 0.003 |
Significant Components of Defer
Significant Components of Deferred Taxes (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Non-current | |||
Allowance for doubtful debt | $ 5,670 | ¥ 38,993 | ¥ 33,978 |
Accrued expenses | 3,766 | 25,894 | 7,409 |
Tax losses | 22,278 | 153,171 | 135,433 |
Property and equipment | 2,226 | 15,299 | 7,642 |
Intangible assets | 323 | 2,221 | 2,976 |
Capital lease | 7,415 | 50,980 | 22,006 |
Deferred government grants | 387 | 2,662 | 3,728 |
Disposal loss on long-term investments | 7,128 | 49,007 | 57,697 |
Loss picked up on equity method investments | 855 | 5,878 | 6,919 |
Valuation allowance | (26,858) | (184,664) | (104,970) |
Total deferred tax assets | 23,190 | 159,441 | 172,818 |
Non-current | |||
Intangible assets | 13,022 | 89,536 | 97,915 |
Property and equipment | 7,053 | 48,496 | 49,676 |
Capitalized interest expenses | 2,303 | 15,837 | 16,185 |
Gain picked up from equity method investments | 561 | 3,851 | 27,097 |
Total deferred tax liabilities | $ 22,939 | ¥ 157,720 | ¥ 190,873 |
Unrecognized Tax Benefits (Deta
Unrecognized Tax Benefits (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | |
Income Tax Disclosure [Abstract] | |||
Balance at beginning of year | $ 1,685 | ¥ 11,582 | ¥ 23,220 |
Reversal based on tax positions related to prior years | (1,319) | (9,070) | (8,880) |
Additions based on tax positions related to the current year | 290 | 1,997 | 4,825 |
Decrease due to disposal of subsidiaries | (7,583) | ||
Balance at end of year | $ 656 | ¥ 4,509 | ¥ 11,582 |
Related Party Transactions (Det
Related Party Transactions (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2018CNY (¥) | |
Related Party Transaction [Line Items] | |||||
Related party transaction, loans from | $ 7,611 | ¥ 55,675 | ¥ 52,328 | ||
Xiaomi Communication Technology Limited and Beijing Xiaomi Mobile Software Limited | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 54,408 | ¥ 374,085 | 220,110 | ¥ 125,147 | |
Beijing Kingsoft Cloud Network Technology Limited | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans from | 89 | 2,070 | 609 | ||
Beijing Kingsoft Cloud Network Technology Limited | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 914 | 6,281 | 8,046 | 19,471 | |
Beijing Kingsoft Cloud Network Technology Limited | Service Expense [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 1,920 | 13,204 | 7,775 | 1,045 | |
Beijing Bozhiruihai Network Technology Co., Ltd. ("BZRH") | Service Expense [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 617 | 4,239 | |||
Beijing Tuspark Harmonious Investment Development Co Ltd | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans from | 2,014 | 13,850 | |||
Related party transaction, Lease deposit paid | 1,669 | 11,472 | |||
Beijing Cheetah Mobile Technology Limited | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 302 | 2,079 | 5,128 | 9,478 | |
Other Related Party Transactions | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans from | 266 | 1,561 | 1,826 | ||
Other Related Party Transactions | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 653 | 4,493 | 3,314 | 2,413 | |
Other Related Party Transactions | Service Expense [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 963 | 6,396 | 2,632 | 9,178 | |
Dyxnet Corporate Service Limited | Service Expense [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 762 | 5,238 | 6,424 | 10,883 | |
Beijing Chengyishidai Network Technology Company Limited | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans from | 1,041 | 3,618 | 7,158 | ||
Beijing Chengyishidai Network Technology Company Limited | Service Expense [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 2,715 | 18,667 | 2,979 | ||
Beijing Fastweb Network Technology Co Ltd Bjfastweb | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans to | 20,000 | ||||
Related party transaction, interest income from loan | 102 | 700 | 210 | ||
Beijing Fastweb Network Technology Co Ltd Bjfastweb | Equipment and Property | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, sales of equipment and property | 1,021 | ||||
WNT Technology Limited | Equipment and Property | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, purchase of equipment and property | 2,629 | ||||
Dyxnet Internet Center Limited | Equipment and Property | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, purchase of equipment and property | 1,234 | 3,079 | |||
CD Guotao | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans from | ¥ 3,483 | ||||
WiFire (Beijing) Technology Co., Ltd. | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 2,398 | 16,490 | 9,726 | ||
WiFire (Beijing) Technology Co., Ltd. | Service Expense [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 591 | 4,066 | ¥ 1,616 | ||
Beijing Taiji Data Tech Co Ltd | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans from | 978 | 6,724 | |||
Beijing Taiji Data Tech Co Ltd | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 1,990 | 13,681 | |||
Beijing Taiji Data Tech Co Ltd | Service Expense [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | 1,032 | 7,095 | |||
UNISVNET Technology Co Ltd | Service Revenue | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party transactions | 147 | 1,011 | |||
Ziguang Financial Leasing Co Ltd | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, loans from | 1,300 | ¥ 8,938 | |||
Related party transaction, Lease deposit paid | 297 | 2,042 | |||
Related party transaction, Lease payment paid | 712 | 4,897 | |||
Jingliang Interconnected Cloud Technology Co Ltd | Service Expense [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction expense | $ 506 | ¥ 3,477 |
Related Party Balances (Detail)
Related Party Balances (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Amounts due from related parties current: | |||
Amounts due from related parties current | $ 18,245 | ¥ 125,446 | ¥ 114,256 |
Amounts due from related parties non-current: | |||
Amounts due from related parties non current | 5,007 | 34,424 | 20,210 |
Amounts due to related parties current: | |||
Amount due to a related party | 7,611 | 52,328 | 55,675 |
Amounts due from related parties non-current: | |||
Amounts due to related parties non current | 73,373 | 504,478 | |
Xiaomi Communication Technology Limited and Beijing Xiaomi Mobile Software Limited | |||
Amounts due from related parties current: | |||
Amounts due from related parties current | 5,986 | 41,159 | 39,016 |
Seller of iJoy | |||
Amounts due from related parties current: | |||
Amounts due from related parties current | 26,137 | ||
Amounts due to related parties current: | |||
Amount due to a related party | 39,068 | ||
WiFire (Beijing) Technology Co., Ltd. | |||
Amounts due from related parties current: | |||
Amounts due from related parties current | 5,320 | 36,578 | 15,321 |
Shanghai Fawei Technology Co., Ltd. (SH Fawei) | |||
Amounts due from related parties current: | |||
Amounts due from related parties current | 1,999 | 13,742 | 10,332 |
Shanghai Shibei Hi-Tech Co., Ltd. | |||
Amounts due from related parties current: | |||
Amounts due from related parties current | 1,425 | 9,800 | 9,800 |
Beijing Kingsoft Cloud Network Technology Limited | |||
Amounts due from related parties current: | |||
Amounts due from related parties current | 143 | 982 | 5,663 |
Amounts due to related parties current: | |||
Amount due to a related party | 89 | 609 | 2,070 |
Wuhan Fastweb Cloud Computing Company Limited | |||
Amounts due from related parties current: | |||
Amounts due from related parties current | 746 | 5,131 | 4,600 |
Beijing Taiji Data Tech Co Ltd | |||
Amounts due from related parties current: | |||
Amounts due from related parties current | 1,970 | 13,542 | |
Amounts due to related parties current: | |||
Amount due to a related party | 978 | 6,724 | |
UNISVNET Technology Co Ltd | |||
Amounts due from related parties current: | |||
Amounts due from related parties current | 156 | 1,072 | |
Other Related Party Transactions | |||
Amounts due from related parties current: | |||
Amounts due from related parties current | 500 | 3,440 | 3,387 |
Amounts due to related parties current: | |||
Amount due to a related party | 266 | 1,826 | 1,561 |
Beijing Fastweb Network Technology Co Ltd Bjfastweb | |||
Amounts due from related parties non-current: | |||
Amounts due from related parties non current | 3,041 | 20,910 | 20,210 |
Beijing Bozhi Ruihai Network Technology Co Ltd | |||
Amounts due to related parties current: | |||
Amount due to a related party | 740 | 5,088 | 9,358 |
Beijing Chengyishidai Network Technology Company Limited | |||
Amounts due to related parties current: | |||
Amount due to a related party | 1,041 | 7,158 | ¥ 3,618 |
Ziguang Financial Leasing Co Ltd | |||
Amounts due from related parties non-current: | |||
Amounts due from related parties non current | 297 | 2,042 | |
Amounts due to related parties current: | |||
Amount due to a related party | 1,300 | 8,938 | |
Amounts due from related parties non-current: | |||
Amounts due to related parties non current | 1,822 | 12,527 | |
Beijing Tuspark Harmonious Investment Development Co Ltd | |||
Amounts due from related parties non-current: | |||
Amounts due from related parties non current | 1,669 | 11,472 | |
Amounts due to related parties current: | |||
Amount due to a related party | 2,014 | 13,850 | |
Amounts due from related parties non-current: | |||
Amounts due to related parties non current | 64,522 | 443,622 | |
Wi Fire Shanghai Network Technology Co Ltd | |||
Amounts due to related parties current: | |||
Amount due to a related party | 1,183 | 8,135 | |
Shihua DC Investment Holdings Limited | |||
Amounts due from related parties non-current: | |||
Amounts due to related parties non current | $ 7,029 | ¥ 48,329 |
Segment Reporting - Additional
Segment Reporting - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2016Segment | |
Segment Reporting [Abstract] | |
Number of segments | 2 |
Summary of Segment Results (Det
Summary of Segment Results (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Segment Reporting Information [Line Items] | |||||
Revenues | $ 494,660 | ¥ 3,401,037 | ¥ 3,392,705 | ¥ 3,641,774 | |
Cost | 357,235 | 2,456,166 | 2,634,295 | 2,929,638 | |
Gross profit (loss) | 137,425 | 944,871 | 758,410 | 712,136 | |
Operating income (expenses) | |||||
Revenues | 494,660 | 3,401,037 | 3,392,705 | 3,641,774 | |
Operating income | 731 | 5,027 | 5,439 | 6,783 | |
Group consolidated revenue | 494,660 | 3,401,037 | 3,392,705 | 3,641,774 | |
Cost | 357,235 | 2,456,166 | 2,634,295 | 2,929,638 | |
Gross profit (loss) | 137,425 | 944,871 | 758,410 | 712,136 | |
Sales and marketing expenses | 25,042 | 172,176 | 256,682 | 352,926 | |
Research and development expenses | 13,397 | 92,109 | 149,143 | 149,337 | |
General and administrative expenses | 67,288 | 462,637 | 519,950 | 639,648 | |
(Allowance) reversal for doubtful debt | (87) | (598) | 37,427 | 117,564 | |
Changes in the fair value of contingent purchase consideration payables | (2,022) | (13,905) | 937 | (93,307) | |
Impairment of goodwill | 0 | 766,440 | 0 | ||
Impairment of long-lived assets | 401,808 | 392,947 | |||
Operating profit (loss) | 34,538 | 237,479 | (1,368,538) | (840,196) | |
Hosting and Related Services | |||||
Operating income (expenses) | |||||
Impairment of goodwill | $ | 0 | $ 0 | |||
Operating Segments | Hosting and Related Services | |||||
Segment Reporting Information [Line Items] | |||||
Revenues | 494,660 | 3,401,037 | 2,975,178 | 2,668,655 | |
Cost | (357,235) | (2,456,166) | (2,130,279) | (1,936,658) | |
Gross profit (loss) | 137,425 | 944,871 | 844,899 | 731,997 | |
Operating income (expenses) | |||||
Revenues | 494,660 | 3,401,037 | 2,975,178 | 2,668,655 | |
Operating income | 731 | 5,027 | 5,439 | 6,783 | |
Cost | (357,235) | (2,456,166) | (2,130,279) | (1,936,658) | |
Gross profit (loss) | 137,425 | 944,871 | 844,899 | 731,997 | |
Sales and marketing expenses | (25,042) | (172,176) | (171,761) | (144,335) | |
Research and development expenses | (13,397) | (92,109) | (97,597) | (87,227) | |
General and administrative expenses | (67,288) | (462,637) | (417,154) | (404,181) | |
(Allowance) reversal for doubtful debt | 87 | 598 | (6,257) | (78,330) | |
Changes in the fair value of contingent purchase consideration payables | 2,022 | 13,905 | (937) | 19,394 | |
Operating profit (loss) | $ 34,538 | ¥ 237,479 | 156,632 | 44,101 | |
Operating Segments | Managed Network Services | |||||
Segment Reporting Information [Line Items] | |||||
Revenues | 417,527 | 973,119 | |||
Cost | (504,016) | (992,980) | |||
Gross profit (loss) | (86,489) | (19,861) | |||
Operating income (expenses) | |||||
Revenues | 417,527 | 973,119 | |||
Cost | (504,016) | (992,980) | |||
Gross profit (loss) | (86,489) | (19,861) | |||
Sales and marketing expenses | (84,921) | (208,591) | |||
Research and development expenses | (51,546) | (62,110) | |||
General and administrative expenses | (102,796) | (235,467) | |||
(Allowance) reversal for doubtful debt | (31,170) | (39,234) | |||
Changes in the fair value of contingent purchase consideration payables | 73,913 | ||||
Impairment of goodwill | (766,440) | ||||
Impairment of long-lived assets | (401,808) | (392,947) | |||
Operating profit (loss) | ¥ (1,525,170) | ¥ (884,297) |
Restricted Net Asset - Addition
Restricted Net Asset - Additional Information (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Statutory Accounting Practices [Line Items] | |||
Statutory reserves | $ 6,167 | ¥ 42,403 | ¥ 38,736 |
Restricted net asset, PRC generally accepted accounting principles (in RMB) or (in dollars) | 761,341 | 5,234,597 | |
PRC | |||
Statutory Accounting Practices [Line Items] | |||
Statutory reserves | $ 6,167 | ¥ 42,403 | ¥ 38,736 |
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, 2018USD ($)$ / sharesshares | Dec. 31, 2018CNY (¥)¥ / sharesshares | Dec. 31, 2017CNY (¥)¥ / sharesshares | Dec. 31, 2016CNY (¥)¥ / sharesshares | |
Numerator: | ||||
Net loss | $ (27,161) | ¥ (186,736) | ¥ (917,644) | ¥ (931,922) |
Net loss (profit) attributable to noncontrolling interest and redeemable noncontrolling interest | (2,666) | (18,329) | 144,914 | 298,324 |
Net loss attributable to ordinary shareholders | (29,827) | (205,065) | (772,730) | (633,598) |
Plus increase in accretion of redeemable noncontrolling interests | ¥ | (141,896) | (210,484) | ||
Adjusted net loss attributable to ordinary shareholders | $ (29,827) | ¥ (205,065) | ¥ (914,626) | ¥ (844,082) |
Denominator: | ||||
Weighted-average number of shares outstanding - basic (in shares) | 674,732,130 | 674,732,130 | 672,836,226 | 617,169,833 |
Weighted-average number of shares outstanding - diluted (in shares) | 674,732,130 | 674,732,130 | 672,836,226 | 617,169,833 |
Loss per share-Basic: | ||||
Net loss | (per share) | $ (0.04) | ¥ (0.30) | ¥ (1.36) | ¥ (1.37) |
Basic (in per share) | (per share) | (0.04) | (0.30) | (1.36) | (1.37) |
Loss per share-Diluted: | ||||
Net loss | (per share) | (0.04) | (0.30) | (1.36) | (1.37) |
Diluted (in per share) | (per share) | $ (0.04) | ¥ (0.30) | ¥ (1.36) | ¥ (1.37) |
Loss Per Share - Additional Inf
Loss Per Share - Additional Information (Detail) - shares | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Earnings Per Share [Abstract] | ||
Shares issued to depository bank (in shares) | 9,000,000 | 4,500,000 |
Share Capital - Additional Info
Share Capital - Additional Information (Detail) | 12 Months Ended | |||
Dec. 31, 2018shares | Dec. 31, 2017shares | Dec. 31, 2016shares | Oct. 31, 2010sharesVote | |
Class A Ordinary Shares | ||||
Class of Stock [Line Items] | ||||
Entitled vote per ordinary share | Vote | 1 | |||
Issuance of new shares for share option exercise and restricted share units vested | shares | 3,070,500 | 3,119,052 | 3,261,456 | |
Class B Ordinary Shares | ||||
Class of Stock [Line Items] | ||||
Entitled vote per ordinary share | Vote | 10 | |||
Conversion ratio, Class B ordinary share into Class A Ordinary Share | shares | 1 |
Redeemable Noncontrolling Int_3
Redeemable Noncontrolling Interests - Additional Information (Detail) - Aipu Group $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017USD ($) | Dec. 31, 2016 | Dec. 31, 2015Tranche | May 31, 2014 | |
Redeemable Noncontrolling Interest [Line Items] | |||||
Business acquisition, equity interests acquired | 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% | 28.00% | |||
Description of ownership after transfer of shares | However, as the Written Put Option outstanding is legally detachable separately exercisable from the 50% minus one share of equity in Aipu Group held by the Company, the Written Put Option qualifies as a freestanding financial instrument as defined under ASC Topic 480 and the Written Put Option is accounted as derivative liability pursuant to ASC 815. | ||||
Ownership percentage after transaction | 50.00% | ||||
Floor | |||||
Redeemable Noncontrolling Interest [Line Items] | |||||
Financial and operational performance targeted amount used to compute put option exercise price | $ 700,000 | ||||
Ceiling | |||||
Redeemable Noncontrolling Interest [Line Items] | |||||
Financial and operational performance targeted amount used to compute put option exercise price | $ 800,000 |
Redeemable Noncontrolling Int_4
Redeemable Noncontrolling Interests (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Noncontrolling Interest [Abstract] | ||||
Beginning Balance | ¥ 700,000 | ¥ 790,229 | ||
Loss for the year | $ 0 | ¥ 0 | (141,896) | (300,713) |
Increase in accretion of redeemable noncontrolling interests | 141,896 | 210,484 | ||
Reversal due to extinguishment of put option | ¥ (700,000) | |||
Ending Balance | $ 0 | ¥ 0 | ¥ 700,000 |
Assets and Liabilities Measured
Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | $ 209,727 | ¥ 1,441,976 | ¥ 1,426,213 |
Liabilities measured at fair value on recurring basis | 296,027 | 2,035,331 | 2,029,128 |
Available-for-sales Debt Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 369 | 2,537 | 2,537 |
Bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | 295,304 | 2,030,361 | 1,980,529 |
Liability Classified RSU | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | 723 | 4,970 | 11,865 |
Business Acquisition Contingent Purchase Consideration | Due to related parties | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | 36,734 | ||
Bank Time Deposits | Short-term investments | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 35,636 | 245,014 | 548,890 |
Bank Time Deposits | Cash equivalents | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | $ 173,722 | 1,194,425 | 874,786 |
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 | 1,439,439 | 1,423,676 | |
Liabilities measured at fair value on recurring basis | 2,030,361 | 1,980,529 | |
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 | 2,030,361 | 1,980,529 | |
Quoted prices in active markets for identical assets and liabilities (Level 1) | Bank Time Deposits | Short-term investments | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 245,014 | 548,890 | |
Quoted prices in active markets for identical assets and liabilities (Level 1) | Bank Time Deposits | Cash equivalents | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 1,194,425 | 874,786 | |
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 | 2,537 | 2,537 | |
Liabilities measured at fair value on recurring basis | 4,970 | 48,599 | |
Unobservable inputs (Level 3) | Available-for-sales Debt Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on recurring basis | 2,537 | 2,537 | |
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 | ¥ 4,970 | 11,865 | |
Unobservable inputs (Level 3) | Business Acquisition Contingent Purchase Consideration | Due to related parties | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Liabilities measured at fair value on recurring basis | ¥ 36,734 |
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, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | |
Business Acquisition Contingent Purchase Consideration | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning Balance | ¥ 36,734 | ¥ 65,797 | |
Changes in the fair value | (13,905) | 937 | |
Ending Balance | 36,734 | ||
Business Acquisition Contingent Purchase Consideration | Payment of cash consideration | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Bonuses settled in cash during 2017 | (22,829) | (30,000) | |
Share-settled bonuses | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning Balance | 37,526 | ||
Changes in the fair value | (810) | ||
Reclassification to equity | (22,752) | ||
Bonuses settled in cash during 2017 | (13,964) | ||
Transfers in and/or out of Level 3 | |||
Ending Balance | |||
Liability Classified RSU | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning Balance | 11,865 | 34,612 | |
Increase in liability classified RSU | 61,903 | ||
Reclassification to equity | (587) | (84,650) | |
Reversal of share-settled bonus | (6,308) | ||
Ending Balance | $ 723 | ¥ 4,970 | ¥ 11,865 |
Capital Commitments (Detail)
Capital Commitments (Detail) - Dec. 31, 2018 - Capital Commitments - Computer and Network Equipment and Construction in Progress ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Long-term Purchase Commitment [Line Items] | ||
2019 | $ 167,104 | ¥ 1,148,922 |
2020 | 40,947 | 281,529 |
2021 | 21,469 | 147,609 |
2022 | 15,220 | 104,645 |
2023 and thereafter | 103,062 | 708,597 |
Purchase Obligation, Total | $ 347,802 | ¥ 2,391,302 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||||||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2018CNY (¥) | Apr. 09, 2018USD ($) | Apr. 09, 2018CNY (¥) | Dec. 31, 2012CNY (¥) | |
Commitments and Contingencies [Line Items] | ||||||||
Operating leases in PRC, Hongkong and United States, total rental expenses | $ 20,020 | ¥ 137,649 | ¥ 89,780 | ¥ 93,869 | ||||
Fair value of contingent consideration | ¥ 47,755 | |||||||
Noncurrent Liability | ||||||||
Commitments and Contingencies [Line Items] | ||||||||
Accrual for unrecognized tax benefits and interest | $ 971 | ¥ 6,677 | ||||||
Securities Litigation | ||||||||
Commitments and Contingencies [Line Items] | ||||||||
Litigation settlement amount | $ 9,000 | ¥ 58,808 | ||||||
Accrued liability for legal contingencies | ¥ 10,007 |
Future Minimum Lease Payments_2
Future Minimum Lease Payments Under Non Cancelable Operating Leases (Detail) - Dec. 31, 2018 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | ||
2019 | $ 24,930 | ¥ 171,404 |
2020 | 19,092 | 131,268 |
2021 | 22,024 | 151,428 |
2022 | 13,966 | 96,025 |
2023 and thereafter | 118,370 | 813,854 |
Operating Leases, Future Minimum Payments Due, Total | $ 198,382 | ¥ 1,363,979 |
Purchase Commitments (Detail)
Purchase Commitments (Detail) - Dec. 31, 2018 - Purchase Commitments - Bandwidth and Cabinet Capacity ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Long-term Purchase Commitment [Line Items] | ||
2019 | $ 69,836 | ¥ 480,159 |
2020 | 28,547 | 196,274 |
2021 | 7,787 | 53,537 |
2022 | 7,442 | 51,166 |
2023 and thereafter | 1,300 | 8,942 |
Purchase Obligation, Total | $ 114,912 | ¥ 790,078 |
Subsequent Events - Additional
Subsequent Events - Additional information (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018CNY (¥) | Dec. 25, 2018USD ($) | Dec. 25, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) |
Schedule of Equity Method Investments [Line Items] | |||||
Total consideration | ¥ 521,863 | ¥ 312,176 | ¥ 150,000 | ||
Beijing Shuhai Data Technology Co Ltd [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Equity interest, percentage | 100.00% | 100.00% | |||
Total consideration | $ 14,544 | ¥ 100,000 |
Condensed Balance Sheets (Detai
Condensed Balance Sheets (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) |
Current assets | ||||
Cash and cash equivalents | $ 343,038 | ¥ 2,358,556 | ¥ 1,949,631 | ¥ 1,297,418 |
Restricted cash | 38,574 | 265,214 | 242,494 | ¥ 1,963,561 |
Short-term investments | 35,636 | 245,014 | 548,890 | |
Prepaid expenses and other current assets | 168,385 | 1,157,740 | 933,750 | |
Amount due from a related party | 18,245 | 125,446 | 114,256 | |
Total current assets | 680,402 | 4,678,109 | 4,245,542 | |
Non-current assets | ||||
Total non-current assets | 941,402 | 6,472,608 | 5,662,619 | |
Total assets | 1,621,804 | 11,150,717 | 9,908,161 | |
Current liabilities: | ||||
Accrued expenses and other payables | 95,894 | 659,320 | 657,133 | |
Interest payable | 7,909 | 54,376 | 57,359 | |
Amount due to a related party | 7,611 | 52,328 | 55,675 | |
Total current liabilities | 318,699 | 2,191,210 | 1,764,184 | |
Non-current liabilities | ||||
Bonds payable | 296,391 | 2,037,836 | 1,929,208 | |
Total non-current liabilities | 523,063 | 3,596,323 | 2,942,973 | |
Total liabilities | 841,762 | 5,787,533 | 4,707,157 | |
Shareholders' equity: | ||||
Additional paid-incapital | 1,329,575 | 9,141,494 | 8,980,407 | |
Accumulated other comprehensive (loss) income | 12,505 | 85,979 | (2,673) | |
Accumulated deficit | (558,219) | (3,838,032) | (3,629,300) | |
Treasury stock | (49,114) | (337,683) | (337,683) | |
Total 21Vianet Group, Inc. shareholders' equity | 740,921 | 5,094,207 | 5,049,533 | |
Total liabilities and shareholders' equity | 1,621,804 | 11,150,717 | 9,908,161 | |
Parent Company | ||||
Current assets | ||||
Cash and cash equivalents | 85,880 | 590,470 | 845,632 | |
Restricted cash | 71,412 | |||
Short-term investments | 21,961 | 150,990 | 548,873 | |
Prepaid expenses and other current assets | 14,303 | 98,337 | 131,834 | |
Amount due from a related party | 26,137 | |||
Amounts due from subsidiaries | 736,259 | 5,062,149 | 4,285,743 | |
Total current assets | 858,403 | 5,901,946 | 5,909,631 | |
Non-current assets | ||||
Investments in subsidiaries and Consolidated VIEs | 198,485 | 1,364,685 | 1,259,455 | |
Total non-current assets | 198,485 | 1,364,685 | 1,259,455 | |
Total assets | 1,056,888 | 7,266,631 | 7,169,086 | |
Current liabilities: | ||||
Accrued expenses and other payables | 8,241 | 56,656 | 70,504 | |
Accounts payable | 396 | 2,725 | 6,351 | |
Interest payable | 7,849 | 53,965 | 56,809 | |
Amount due to a related party | 39,068 | |||
Amounts due to subsidiaries | 3,090 | 21,242 | 17,613 | |
Total current liabilities | 19,576 | 134,588 | 190,345 | |
Non-current liabilities | ||||
Bonds payable | 296,391 | 2,037,836 | 1,929,208 | |
Total non-current liabilities | 296,391 | 2,037,836 | 1,929,208 | |
Total liabilities | 315,967 | 2,172,424 | 2,119,553 | |
Shareholders' equity: | ||||
Additional paid-incapital | 1,329,574 | 9,141,494 | 8,980,407 | |
Accumulated other comprehensive (loss) income | 12,505 | 85,979 | (2,673) | |
Accumulated deficit | (552,051) | (3,795,629) | (3,590,564) | |
Treasury stock | (49,114) | (337,683) | (337,683) | |
Total 21Vianet Group, Inc. shareholders' equity | 740,921 | 5,094,207 | 5,049,533 | |
Total liabilities and shareholders' equity | 1,056,888 | 7,266,631 | 7,169,086 | |
Class A Ordinary Shares | ||||
Shareholders' equity: | ||||
Ordinary shares | 5 | 34 | 34 | |
Class A Ordinary Shares | Parent Company | ||||
Shareholders' equity: | ||||
Ordinary shares | 5 | 34 | 34 | |
Class B Ordinary Shares | ||||
Shareholders' equity: | ||||
Ordinary shares | 2 | 12 | 12 | |
Class B Ordinary Shares | Parent Company | ||||
Shareholders' equity: | ||||
Ordinary shares | $ 2 | ¥ 12 | ¥ 12 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parenthetical) (Detail) - $ / shares | Dec. 31, 2018 | Dec. 31, 2017 |
Class A Ordinary Shares | ||
Condensed Balance Sheet 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) | 499,706,628 | 496,636,128 |
Ordinary shares, shares outstanding (in shares) | 499,706,628 | 496,636,128 |
Class B Ordinary Shares | ||
Condensed Balance Sheet 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 | 174,649,638 |
Ordinary shares, shares outstanding (in shares) | 174,649,638 | 174,649,638 |
Parent Company | Class A Ordinary Shares | ||
Condensed Balance Sheet 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) | 499,706,628 | 496,636,128 |
Ordinary shares, shares outstanding (in shares) | 499,706,628 | 496,636,128 |
Parent Company | Class B Ordinary Shares | ||
Condensed Balance Sheet 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 | 174,649,638 |
Ordinary shares, shares outstanding (in shares) | 174,649,638 | 174,649,638 |
Condensed Statements of Operati
Condensed Statements of Operations (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Operating Expenses | ||||
General and administrative expenses | $ (67,288) | ¥ (462,637) | ¥ (519,950) | ¥ (639,648) |
Changes in the fair value of contingent purchase consideration payables | 2,022 | 13,905 | (937) | 93,307 |
Operating profit (loss) | 34,538 | 237,479 | (1,368,538) | (840,196) |
Loss before income taxes | (23,611) | (162,325) | (1,007,814) | (943,082) |
Income tax expenses | (3,550) | (24,411) | 90,170 | 11,160 |
Net loss attributable to the Company's ordinary shareholders | (29,827) | (205,065) | (772,730) | (633,598) |
Parent Company | ||||
Operating Expenses | ||||
General and administrative expenses | (9,592) | (65,949) | (145,890) | (124,450) |
Changes in the fair value of contingent purchase consideration payables | 2,022 | 13,905 | (937) | 93,307 |
Operating profit (loss) | (7,570) | (52,044) | (146,827) | (31,143) |
Other loss | (38,134) | (262,186) | (95,210) | (169,915) |
Loss before income taxes | (29,827) | (205,065) | (772,730) | (633,598) |
Income tax expenses | 0 | 0 | 0 | 0 |
Net loss attributable to the Company's ordinary shareholders | (29,827) | (205,065) | (772,730) | (633,598) |
Parent Company | Subsidiaries and Consolidated VIEs | ||||
Operating Expenses | ||||
Operating profit (loss) | $ 15,877 | ¥ 109,165 | ¥ (530,693) | ¥ (432,540) |
Condensed Statement of Comprehe
Condensed Statement of Comprehensive Loss (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Condensed Consolidating Statement of Other Comprehensive Income (Loss) [Line Items] | ||||
Net loss | $ (29,827) | ¥ (205,065) | ¥ (772,730) | ¥ (633,598) |
Other comprehensive income (loss), net of tax of nil: | ||||
Foreign currency translation adjustments, net of tax of nil | 12,894 | 88,652 | (120,963) | 142,526 |
Comprehensive loss | (14,267) | (98,084) | (1,038,607) | (789,396) |
Comprehensive loss attributable to the Company's ordinary shareholders | (16,933) | (116,413) | (893,693) | (491,072) |
Parent Company | ||||
Condensed Consolidating Statement of Other Comprehensive Income (Loss) [Line Items] | ||||
Net loss | (29,827) | (205,065) | (772,730) | (633,598) |
Other comprehensive income (loss), net of tax of nil: | ||||
Foreign currency translation adjustments, net of tax of nil | 12,894 | 88,652 | (120,963) | 142,526 |
Other comprehensive income (loss), net of tax of nil: | 12,894 | 88,652 | (120,963) | 142,526 |
Comprehensive loss | (16,933) | (116,413) | (893,693) | (491,072) |
Comprehensive loss attributable to the Company's ordinary shareholders | $ (16,933) | ¥ (116,413) | ¥ (893,693) | ¥ (491,072) |
Condensed Statement of Compre_2
Condensed Statement of Comprehensive Loss (Parenthetical) (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Condensed Consolidating Statement of Other Comprehensive Income (Loss) [Line Items] | ||||
Foreign currency translation adjustments, tax | $ 0 | ¥ 0 | ¥ 0 | ¥ 0 |
Parent Company | ||||
Condensed Consolidating Statement of Other Comprehensive Income (Loss) [Line Items] | ||||
Foreign currency translation adjustments, tax | 0 | 0 | 0 | 0 |
Other comprehensive income, tax | $ 0 | ¥ 0 | ¥ 0 | ¥ 0 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Net cash used in operating activities | $ 102,534 | ¥ 704,966 | ¥ 487,202 | ¥ 57,569 |
Net cash used in investing activities | (44,337) | (304,846) | (833,307) | (841,017) |
Net cash generated from (used in) financing activities | (2,896) | (19,901) | (612,651) | 1,908,883 |
Cash and cash equivalents and restricted cash at beginning of the year | 319,318 | 2,195,469 | 3,294,523 | 2,008,799 |
Cash and cash equivalents and restricted cash at end of the year | 387,030 | 2,661,021 | 2,195,469 | 3,294,523 |
Parent Company | ||||
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Net cash used in operating activities | (24,154) | (166,068) | (18,324) | (78,567) |
Net cash used in investing activities | (29,620) | (203,651) | (1,291,042) | (617,613) |
Net cash generated from (used in) financing activities | 6,275 | 43,145 | (130,187) | 2,254,577 |
Net increase (decrease) in cash and cash equivalents and restricted cash | (47,499) | (326,574) | (1,439,553) | 1,558,397 |
Cash and cash equivalents and restricted cash at beginning of the year | 133,379 | 917,044 | 2,356,597 | 798,200 |
Cash and cash equivalents and restricted cash at end of the year | $ 85,880 | ¥ 590,470 | ¥ 917,044 | ¥ 2,356,597 |
Related Party Balances Parent C
Related Party Balances Parent Company Only (Detail) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Amount due from related parties current | |||
Amount due from related parties current | $ 18,245 | ¥ 125,446 | ¥ 114,256 |
Amount due to related parties | |||
Amounts due to related parties of the consolidated VIEs without resource to the primary beneficiaries | 7,611 | 52,328 | 55,675 |
Seller of iJoy | |||
Amount due from related parties current | |||
Amount due from related parties current | 26,137 | ||
Amount due to related parties | |||
Amounts due to related parties of the consolidated VIEs without resource to the primary beneficiaries | 39,068 | ||
Parent Company | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 736,259 | 5,062,149 | 4,285,743 |
Amount due from related parties current | |||
Amount due from related parties current | 26,137 | ||
Amounts due to subsidiaries | |||
Amount due to subsidiaries current | 3,090 | 21,242 | 17,613 |
Amount due to related parties | |||
Amounts due to related parties of the consolidated VIEs without resource to the primary beneficiaries | 39,068 | ||
Parent Company | 21Vianet Hong Kong Entities | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 718,292 | 4,938,618 | 4,143,269 |
Parent Company | Hong Kong Fastweb Holdings Co., Limited ("Fastweb HK") | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 9,596 | 65,976 | 61,637 |
Parent Company | 21Vianet Mobile Limited ("21V Mobile") | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 7,647 | 52,579 | 50,453 |
Parent Company | Venture | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 25,549 | ||
Parent Company | WiFire Open Network Group Ltd | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 622 | 4,277 | 4,170 |
Parent Company | WiFire Group Inc. ("WiFire Group") | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 100 | 686 | 653 |
Parent Company | Other Subsidiaries | |||
Amount due from subsidiaries current | |||
Amount due from subsidiaries current | 2 | 13 | 12 |
Amounts due to subsidiaries | |||
Amount due to subsidiaries current | 421 | 2,891 | 18 |
Parent Company | Seller of iJoy | |||
Amount due from related parties current | |||
Amount due from related parties current | 26,137 | ||
Amount due to related parties | |||
Amounts due to related parties of the consolidated VIEs without resource to the primary beneficiaries | 39,068 | ||
Parent Company | Beijing 21Vianet Zhi Hui Neng Yuan System Technology Company Limited | |||
Amounts due to subsidiaries | |||
Amount due to subsidiaries current | $ 2,669 | ¥ 18,351 | ¥ 17,595 |
Parent Company Only Condensed_3
Parent Company Only Condensed Financial Information - Additional Information (Detail) ¥ in Thousands | Sep. 29, 2017USD ($) | Aug. 17, 2017CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Aug. 17, 2017USD ($) |
Condensed Financial Statements, Captions [Line Items] | |||||||
Operating leases, total rental expenses | $ 20,020,000 | ¥ 137,649 | ¥ 89,780 | ¥ 93,869 | |||
Proceeds from issuance of Notes, net | 1,936,154 | ||||||
Bonds 7% Due 2020 | |||||||
Condensed Financial Statements, Captions [Line Items] | |||||||
Debt instrument, face amount | $ | $ 100,000,000 | $ 200,000,000 | |||||
Debt instrument, stated rate | 7.00% | 7.00% | |||||
Debt instrument, maturity date | Aug. 17, 2020 | Aug. 17, 2020 | |||||
Debt instrument, frequency of periodic payment | Payable semi-annually in arrears on August 17 and February 17 in each year | ||||||
Debt instrument, premium price | 1.0004 | ||||||
Debt instrument, effective yield | 6.98% | ||||||
Proceeds from issuance of Notes, net | ¥ 1,926,419 | ||||||
Parent Company | UNITED STATES | |||||||
Condensed Financial Statements, Captions [Line Items] | |||||||
Operating leases, total rental expenses | $ 1,578,000 | ¥ 10,848 | ¥ 5,366 | ¥ 15,824 | |||
Operating leases, expiration date | Mar. 1, 2025 | Mar. 1, 2025 | |||||
Parent Company | Bonds 7% Due 2020 | |||||||
Condensed Financial Statements, Captions [Line Items] | |||||||
Debt instrument, face amount | $ | $ 100,000,000 | $ 200,000,000 | |||||
Debt instrument, stated rate | 7.00% | 7.00% | |||||
Debt instrument, maturity date | Aug. 17, 2020 | Aug. 17, 2020 | |||||
Debt instrument, frequency of periodic payment | Notes is payable semi-annually in arrears on August 17 and February 17 in each year | Notes is payable semi-annually in arrears on August 17 and February 17 in each year | |||||
Debt instrument, date of first required payment | Feb. 17, 2018 | Feb. 17, 2018 | |||||
Debt instrument, premium price | 1.0004 | ||||||
Debt instrument, effective yield | 6.98% | ||||||
Proceeds from issuance of Notes, net | ¥ 1,926,419 |
Future Minimum Lease Payments_3
Future Minimum Lease Payments Under Non Cancelable Operating Leases Parent Company (Detail) - Dec. 31, 2018 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
Operating Leased Commitments [Line Items] | ||
2019 | $ 24,930 | ¥ 171,404 |
2020 | 19,092 | 131,268 |
2021 | 22,024 | 151,428 |
2022 | 13,966 | 96,025 |
2023 and thereafter | 118,370 | 813,854 |
Operating Leases, Future Minimum Payments Due | 198,382 | 1,363,979 |
Parent Company | ||
Operating Leased Commitments [Line Items] | ||
2019 | 1,146 | 7,878 |
2020 | 1,100 | 7,564 |
2021 | 1,100 | 7,564 |
2022 | 1,100 | 7,564 |
2023 and thereafter | 1,300 | 8,941 |
Operating Leases, Future Minimum Payments Due | $ 5,746 | ¥ 39,511 |