Document And Entity Information |
12 Months Ended |
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Dec. 31, 2016
shares
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Document Information [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2016 |
Document Fiscal Year Focus | 2016 |
Document Fiscal Period Focus | FY |
Entity Registrant Name | Xunlei Ltd |
Entity Central Index Key | 0001510593 |
Entity Well-known Seasoned Issuer | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Smaller Reporting Company |
Trading Symbol | XNET |
Entity Common Stock, Shares Outstanding | 330,545,000 |
Current Fiscal Year End Date | --12-31 |
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- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition Trading symbol of an instrument as listed on an exchange. No definition available.
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expenses incurred but not yet paid nor invoiced, and liabilities classified as other. No definition available.
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- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Portion of the carrying amount as of the balance sheet date of obligations due all related parties that is payable after one year or beyond the normal operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- References No definition available.
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- Definition The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle) and amount due to the Entity from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such investments and receivables to an amount that approximates their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount set aside as reserve under the statute for the purpose specified under the statute. No definition available.
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- Definition Amount of taxes withheld with respect to a stock repurchase as required under the applicable laws and repayable to the seller if not subject to such taxes. No definition available.
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Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Accounts payable, consolidated variable interest entities and VIE's subsidiaries without recourse | $ 44,162 | $ 33,262 |
Due to related party, consolidated variable interest entities and VIE's subsidiaries without recourse | 45 | 38 |
Deferred revenue and income, current portion of consolidated variable interest entities and VIE's subsidiaries without recourse | 24,260 | 24,902 |
Income tax payable, consolidated variable interest entities and VIE's subsidiaries without recourse | 2,253 | 2,407 |
Accrued liabilities and other payables, consolidated variable interest entities and VIE's subsidiaries without recourse | 104,114 | 131,312 |
Deferred revenue, non-current portion of consolidated variable interest entities and VIE's subsidiaries without recourse | $ 3,539 | $ 4,751 |
Common stock, par value | $ 0.00025 | $ 0.00025 |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | 368,877,209 | 368,877,209 |
Common stock, shares outstanding | 330,545,000 | 339,319,115 |
Treasury stock, shares | 38,332,209 | 29,558,094 |
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- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Accounts Payable Consolidated Variable Interest Entities Without Recourse No definition available.
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- Definition Accrued Liabilities And Other Current Liabilities Consolidated Variable Interest Entities Without Recourse No definition available.
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- Definition Amounts Due to Related Parties Consolidated Variable Interest Entities Without Recourse No definition available.
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- Definition Deferred Revenue Consolidated Variable Interest Entities Without Recourse Current No definition available.
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- Definition Deferred Revenue Consolidated Variable Interest Entities Without Recourse Noncurrent No definition available.
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- Definition Income Taxes Payable Consolidated Variable Interest Entities Without Recourse No definition available.
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Consolidated Statements of Comprehensive Income/(Loss) - USD ($) $ in Thousands |
12 Months Ended | ||
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Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Revenues, net of rebates and discounts | $ 156,966 | $ 129,996 | $ 135,812 |
Business taxes and surcharges | (804) | (361) | (1,878) |
Net revenues | 156,162 | 129,635 | 133,934 |
Cost of revenues | (80,319) | (60,034) | (55,755) |
Gross profit | 75,843 | 69,601 | 78,179 |
Operating expenses | |||
Research and development expenses | (64,360) | (38,250) | (29,252) |
Sales and marketing expenses | (18,782) | (15,042) | (13,527) |
General and administrative expenses | (26,168) | (28,774) | (26,945) |
Total operating expenses | (109,310) | (82,066) | (69,724) |
Operating income / (loss) | (33,467) | (12,465) | 8,455 |
Interest income | 2,158 | 5,833 | 6,733 |
Interest expense | (239) | (239) | (163) |
Other income, net | 6,503 | 3,627 | 13,966 |
Share of loss from equity investees | (195) | (12) | (259) |
Income/(loss) from continuing operations before income tax | (25,240) | (3,256) | 28,732 |
Income tax (expense)/benefit | 1,264 | 886 | (463) |
Net income/(loss) from continuing operations | (23,976) | (2,370) | 28,269 |
Discontinued operations | |||
Loss from discontinued operations before income taxes | (243) | (10,048) | (20,330) |
Income tax benefit / (expense) | 36 | (2,048) | 1,923 |
Net loss from discontinued operations | (207) | (12,096) | (18,407) |
Net income/(loss) | (24,183) | (14,466) | 9,862 |
Less: net loss attributable to the non-controlling interest | (72) | (1,299) | (950) |
Net income/(loss) attributable to Xunlei Limited | (24,111) | (13,167) | 10,812 |
Acceleration of amortization of beneficial conversion feature | (49,346) | ||
Deemed dividend to certain shareholders from repurchase of shares | (14,926) | ||
Deemed dividend to preferred shareholders upon initial public offering | (32,807) | ||
Net loss attributable to Xunlei Limited’s common shareholders | (24,111) | (13,167) | (105,366) |
Net income/(loss) | (24,183) | (14,466) | 9,862 |
Other comprehensive loss: Foreign currency translation adjustment, net of tax | (9,325) | (9,945) | (114) |
Comprehensive income/(loss) | (33,508) | (24,411) | 9,748 |
Less: comprehensive (loss)/income attributable to non-controlling interest shareholders | 80 | (1,198) | (955) |
Comprehensive income/(loss) attributable to Xunlei Limited | $ (33,588) | $ (23,213) | $ 10,703 |
Basic net loss per share attributable to Xunlei Limited from continuing operations | $ (0.07) | $ (0.00) | $ (0.45) |
Basic net loss per share attributable to Xunlei Limited from discontinued operations | $ (0.00) | $ (0.04) | $ (0.09) |
Weighted average number of common shares outstandingbasic | 334,155,668 | 335,987,595 | 194,711,227 |
Diluted net loss per share attributable to Xunlei Limited from continuing operations | $ (0.07) | $ (0.00) | $ (0.45) |
Diluted net loss per share attributable to Xunlei Limited from discontinued operations | $ (0.00) | $ (0.04) | $ (0.09) |
Weighted average number of common shares outstandingdiluted | 334,155,668 | 335,987,595 | 194,711,227 |
Series D Preferred Stock [Member] | |||
Discontinued operations | |||
Accretion to convertible redeemable preferred shares redemption value | $ (1,870) | ||
Deemed dividend to shareholder from its modification | (279) | ||
Series C To One Series C [Member] | |||
Discontinued operations | |||
Contingent beneficial conversion feature | (57) | ||
Series E Preferred Shares [Member] | |||
Discontinued operations | |||
Accretion to convertible redeemable preferred shares redemption value | (12,754) | ||
Amortization of beneficial conversion feature | (4,139) | ||
Acceleration of amortization of beneficial conversion feature | $ (49,346) |
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of a favorable spread to a debt holder between the amount of debt being converted and the value of the securities received upon conversion. This is an embedded conversion feature of convertible debt issued that is in-the-money at the commitment date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before tax of income (loss) from a discontinued operation. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of excise and sales taxes included in sales and revenues, which are then deducted as a cost of sales. Includes excise taxes, which are applied to specific types of transactions or items (such as gasoline or alcohol); and sales, use and value added taxes, which are applied to a broad class of revenue-producing transactions involving a wide range of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of interest income earned from interest bearing assets classified as other. No definition available.
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
|
X | ||||||||||
- Definition Amount of decrease to net income for accretion of temporary equity to its redemption value to derive net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Acceleration Of Amortization Of Beneficial Conversion Of initial public offering No definition available.
|
X | ||||||||||
- Definition Amortization of beneficial conversion feature. No definition available.
|
X | ||||||||||
- Definition Deemed dividend to preferred shareholders. No definition available.
|
X | ||||||||||
- Definition Deemed Dividend To Preferred Shareholders Upon Initial Public Offering No definition available.
|
X | ||||||||||
- Definition The amount of preferred stock deemed dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Consolidated statements of changes in shareholders' equity - USD ($) $ in Thousands |
Total |
Kingsoft Cloud Storage Business [Member] |
Series E tranche 1 [Member] |
Series E Tranche 2 [Member] |
Series D Preferred Stock [Member] |
Series E Preferred Stock [Member] |
Series C To One Series C [Member] |
Initial Public Offering [Member] |
Common shares [Member] |
Common shares [Member]
Kingsoft Cloud Storage Business [Member]
|
Common shares [Member]
Series E tranche 1 [Member]
|
Common shares [Member]
Series E Tranche 2 [Member]
|
Common shares [Member]
Series D Preferred Stock [Member]
|
Common shares [Member]
Series E Preferred Stock [Member]
|
Common shares [Member]
Series C To One Series C [Member]
|
Common shares [Member]
Initial Public Offering [Member]
|
Treasury stock [Member] |
Treasury stock [Member]
Kingsoft Cloud Storage Business [Member]
|
Treasury stock [Member]
Series E tranche 1 [Member]
|
Treasury stock [Member]
Series E Tranche 2 [Member]
|
Treasury stock [Member]
Series D Preferred Stock [Member]
|
Treasury stock [Member]
Series E Preferred Stock [Member]
|
Treasury stock [Member]
Series C To One Series C [Member]
|
Treasury stock [Member]
Initial Public Offering [Member]
|
Additional paid-in capital [Member] |
Additional paid-in capital [Member]
Kingsoft Cloud Storage Business [Member]
|
Additional paid-in capital [Member]
Series E tranche 1 [Member]
|
Additional paid-in capital [Member]
Series E Tranche 2 [Member]
|
Additional paid-in capital [Member]
Series D Preferred Stock [Member]
|
Additional paid-in capital [Member]
Series E Preferred Stock [Member]
|
Additional paid-in capital [Member]
Series C To One Series C [Member]
|
Additional paid-in capital [Member]
Initial Public Offering [Member]
|
Retained earnings (Accumulated deficits) [Member] |
Retained earnings (Accumulated deficits) [Member]
Kingsoft Cloud Storage Business [Member]
|
Retained earnings (Accumulated deficits) [Member]
Series E tranche 1 [Member]
|
Retained earnings (Accumulated deficits) [Member]
Series E Tranche 2 [Member]
|
Retained earnings (Accumulated deficits) [Member]
Series D Preferred Stock [Member]
|
Retained earnings (Accumulated deficits) [Member]
Series E Preferred Stock [Member]
|
Retained earnings (Accumulated deficits) [Member]
Series C To One Series C [Member]
|
Retained earnings (Accumulated deficits) [Member]
Initial Public Offering [Member]
|
Statutory reserves [Member] |
Statutory reserves [Member]
Kingsoft Cloud Storage Business [Member]
|
Statutory reserves [Member]
Series E tranche 1 [Member]
|
Statutory reserves [Member]
Series E Tranche 2 [Member]
|
Statutory reserves [Member]
Series D Preferred Stock [Member]
|
Statutory reserves [Member]
Series E Preferred Stock [Member]
|
Statutory reserves [Member]
Series C To One Series C [Member]
|
Statutory reserves [Member]
Initial Public Offering [Member]
|
Accumulated other comprehensive Income/(loss) [Member] |
Accumulated other comprehensive Income/(loss) [Member]
Kingsoft Cloud Storage Business [Member]
|
Accumulated other comprehensive Income/(loss) [Member]
Series E tranche 1 [Member]
|
Accumulated other comprehensive Income/(loss) [Member]
Series E Tranche 2 [Member]
|
Accumulated other comprehensive Income/(loss) [Member]
Series D Preferred Stock [Member]
|
Accumulated other comprehensive Income/(loss) [Member]
Series E Preferred Stock [Member]
|
Accumulated other comprehensive Income/(loss) [Member]
Series C To One Series C [Member]
|
Accumulated other comprehensive Income/(loss) [Member]
Initial Public Offering [Member]
|
Non-controlling interest [Member] |
Non-controlling interest [Member]
Series C [Member]
|
Non-controlling interest [Member]
Series B [Member]
|
Non-controlling interest [Member]
Series A-1 Preferred Stock [Member]
|
Non-controlling interest [Member]
Series A [Member]
|
Non-controlling interest [Member]
Kingsoft Cloud Storage Business [Member]
|
Non-controlling interest [Member]
Series E tranche 1 [Member]
|
Non-controlling interest [Member]
Series E Tranche 2 [Member]
|
Non-controlling interest [Member]
Series D Preferred Stock [Member]
|
Non-controlling interest [Member]
Series E Preferred Stock [Member]
|
Non-controlling interest [Member]
Series C To One Series C [Member]
|
Non-controlling interest [Member]
Initial Public Offering [Member]
|
Convertible non-redeemable preferred shares [Member]
Series C [Member]
|
Convertible non-redeemable preferred shares [Member]
Series B [Member]
|
Convertible non-redeemable preferred shares [Member]
Series A-1 Preferred Stock [Member]
|
Convertible non-redeemable preferred shares [Member]
Series A [Member]
|
Convertible non-redeemable preferred shares [Member]
Initial Public Offering [Member]
Series C [Member]
|
Convertible non-redeemable preferred shares [Member]
Initial Public Offering [Member]
Series B [Member]
|
Convertible non-redeemable preferred shares [Member]
Initial Public Offering [Member]
Series A-1 Preferred Stock [Member]
|
Convertible non-redeemable preferred shares [Member]
Initial Public Offering [Member]
Series A [Member]
|
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning Balance, Amount at Dec. 31, 2013 | $ 1 | $ 8 | $ 9 | $ 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning Balance, Amount at Dec. 31, 2013 | $ 79,194 | $ 15 | $ 2 | $ 61,634 | $ 7,037 | $ 4,478 | $ 6,003 | $ 84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning Balance, Shares at Dec. 31, 2013 | 5,728,264 | 30,308,284 | 36,400,000 | 26,416,560 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning Balance, Shares at Dec. 31, 2013 | 61,447,372 | 9,073,732 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accretion to convertible redeemable preferred shares redemption value | $ (1,870) | $ (12,754) | $ (717) | $ (10,229) | $ (1,153) | $ (2,525) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortisation of BCF | $ (4,139) | $ (3,206) | $ (933) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deemed dividend of convertible preferred shares from their modifications | $ (279) | $ (279) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contingent beneficial conversion feature | $ 57 | $ (57) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of shares, Amount | (59,082) | $ (4) | (47,403) | (11,674) | $ (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of shares, shares | (14,664,637) | (3,756,065) | (591,451) | (477,180) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acceleration of amortization of beneficial conversion feature | (49,346) | (49,346) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deemed dividend to preferred shareholders upon initial public offering | (32,807) | (32,807) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common shares for share incentive plans, Amount | $ 470,759 | $ 71 | $ 5 | (5) | $ 470,712 | $ (1) | $ (7) | $ (9) | $ (7) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common shares for share incentive plans, Shares | 277,834,210 | 24,195,412 | (5,728,264) | (26,552,219) | (35,808,549) | (25,939,380) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IPO expenses | (4,216) | (4,216) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercised share options, Amount | 295 | 295 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercised share options, Shares | 1,431,320 | (1,431,320) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vested restricted shares | 1,563,222 | (1,563,222) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation | $ 303 | $ 303 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation - others | 7,644 | 7,644 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beneficial conversion feature | $ 52,377 | $ 1,109 | $ 52,377 | $ 1,109 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statutory Reserve | (654) | 654 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income / (loss) | 10,812 | 10,812 | (949) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Translation adjustments at Dec. 31, 2014 | (109) | (109) | (5) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance, Amount at Dec. 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance, Amount at Dec. 31, 2014 | 457,891 | $ 82 | $ 7 | 446,202 | 574 | 5,132 | 5,894 | (870) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance, Shares at Dec. 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance, Shares at Dec. 31, 2014 | 327,611,487 | 30,274,602 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of shares, Amount | (1,287) | (1,287) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of shares, shares | (1,068,095) | 1,068,095 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deemed dividend to preferred shareholders upon initial public offering | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercised share options, Shares | 3,189,944 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common shares for the vesting of restricted shares and the exercise of share options, Amount | $ 3 | (3) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common shares for the vesting of restricted shares and the exercise of share options, shares | 10,991,120 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common shares for exercised share options, Amount | 3,630 | $ 2 | $ (2) | 3,630 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common shares for exercised share options, shares | 9,092,265 | (9,092,265) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation | 9,728 | 9,728 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted shares vested, Amount | $ 1 | $ (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted shares vested, shares | 3,683,458 | (3,683,458) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income / (loss) | (13,167) | (13,167) | (1,299) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Translation adjustments at Dec. 31, 2015 | (10,046) | (10,046) | 101 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance, Amount at Dec. 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance, Amount at Dec. 31, 2015 | 446,749 | $ 85 | $ 7 | 458,270 | (12,593) | 5,132 | (4,152) | (2,068) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance, Shares at Dec. 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance, Shares at Dec. 31, 2015 | 339,319,115 | 29,558,094 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of shares, Amount | (14,319) | $ (3) | $ 3 | (14,329) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of shares, shares | (12,272,500) | 12,272,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deemed dividend to preferred shareholders upon initial public offering | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercised share options, Shares | 440,465 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common shares for exercised share options, Amount | $ 58 | 58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common shares for exercised share options, shares | 440,465 | (440,465) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation | 9,338 | 9,348 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted shares vested, Amount | $ 1 | $ (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted shares vested, shares | 3,057,920 | (3,057,920) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income / (loss) | (24,111) | (24,111) | (72) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Translation adjustments at Dec. 31, 2016 | (9,477) | (9,477) | 152 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance, Amount at Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance, Amount at Dec. 31, 2016 | $ 408,238 | $ 83 | $ 9 | $ 453,347 | $ (36,704) | $ 5,132 | $ (13,629) | $ (1,988) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance, Shares at Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance, Shares at Dec. 31, 2016 | 330,545,000 | 38,332,209 |
X | ||||||||||
- Definition Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) in additional paid in capital (APIC) resulting from recognition of deferred taxes for convertible debt with a beneficial conversion feature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This element represents the amount of recognized equity-based compensation related to stock options during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). No definition available.
|
X | ||||||||||
- Definition This element represents the amount of recognized equity-based compensation related to other long-term incentive plans during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). No definition available.
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of shares issued which are neither cancelled nor held in the treasury. No definition available.
|
X | ||||||||||
- Definition Number of shares issued during the period as a result of the conversion of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total number of shares issued during the period, including shares forfeited, as a result of Restricted Stock Awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The gross value of stock issued during the period upon the conversion of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Value of stock issued as a result of the exercise of stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of decrease to net income for accretion of temporary equity to its redemption value to derive net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition The number of securities classified as temporary equity that have been issued and are held by the entity's shareholders. Securities outstanding equals securities issued minus securities held in treasury. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Acceleration Of Amortization Of Beneficial Conversion Of initial public offering No definition available.
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- Definition Adjustments To Additional Paid In Capital Amortization Of Beneficial Conversion Feature No definition available.
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- Definition Adjustments to additional paid in capital, convertible debt with contingent beneficial conversion feature. No definition available.
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- Definition Deemed Dividend On Preferred Stock No definition available.
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- Definition Deemed Dividend To Preferred Shareholders Upon Initial Public Offering No definition available.
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- Definition Initial Public Offering Expenses No definition available.
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- Definition Represents appropriations to certain non-distributable statutory reserves in accordance with laws applicable to the reporting entity, its subsidiaries and consolidated VIEs. The reporting entity and its subsidiaries have to make appropriations from its after-tax profit. No definition available.
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- Definition Number of new stock issued for exercise of share options during the period. No definition available.
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- Definition Number of new stock issued for restricted shares vested during the period. No definition available.
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- Definition Number of new stock issued for the vesting of restricted shares and the exercise of share options during the period. No definition available.
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- Definition Equity impact of the value of common shares issued for exercise of share options during the period. No definition available.
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- Definition Equity impact of the value of common shares issued for restricted shares vested during the period. No definition available.
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- Definition Equity impact of the value of common shares issued for the vesting of restricted shares and the exercise of share options during the period. No definition available.
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- Definition Temporary Equity No definition available.
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Consolidated Statement of Cash Flows - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Cash flows from operating activities | |||
Net income/(loss) | $ (24,183) | $ (14,466) | $ 9,862 |
Adjustments to reconcile net income/(loss) to net cash generated from operating activities (note) | |||
Depreciation of property and equipment | 6,165 | 5,646 | 6,500 |
Amortization of intangible assets | 2,223 | 12,149 | 38,741 |
Allowance for doubtful accounts | 4 | 1,767 | |
Loss on disposal of property and equipment | 85 | 4 | |
Gain from barter transactions | (409) | (4,428) | |
Share-based compensation | 9,348 | 9,728 | 7,644 |
Decrease in fair value of warrants | (8,054) | ||
Share of loss / (income) from equity investees | 195 | 12 | 259 |
Investment income on short-term investments | (506) | (997) | (317) |
Loss on exchange of warrants | 405 | ||
Deemed disposal gain on long-term investments | (689) | (702) | (449) |
Interest expense accrued on long-term payable | 239 | 239 | 163 |
Deferred taxes | (954) | 873 | (1,856) |
Deferred government grants | (3,473) | (1,969) | (2,059) |
Changes in operating assets and liabilities: | |||
Accounts receivable | (5,168) | 1,395 | 4,699 |
Prepayments and other assets | 13,947 | 3,815 | (9,180) |
Due from/to related parties | (1,180) | (70) | (168) |
Accounts payable | 15,855 | 301 | 2,569 |
Inventories | 59 | (526) | |
Deferred revenue | 2,631 | (294) | (2,643) |
Income tax payable | 147 | 153 | (5) |
Accrued liabilities and other payables | 2,229 | (1,122) | 4,752 |
Net cash generated from operating activities | 16,970 | 13,764 | 48,202 |
Cash flows from investing activities | |||
Acquisition of property and equipment | (13,756) | (4,931) | (7,770) |
Purchase of short-term investments | (209,034) | (222,157) | (330,471) |
Proceeds from disposal of short-term investments | 94,139 | 175,513 | 341,792 |
Proceeds from disposal of fixed assets | 22 | 25 | |
Proceeds from disposal of Kankan | 16,687 | ||
Proceeds from disposal of long-term investments | 3,670 | ||
Purchase of intangible assets | (121) | (11,894) | (38,056) |
Acquisition of long-term investments | (33,233) | (8,330) | (2,359) |
Acquisition of Kingsoft Cloud Storage business | (33,000) | ||
Loans (to)/repayment of loan from employees | (22) | 105 | (767) |
Repayment of advance from a shareholder | 85 | ||
Net cash used in investing activities | (158,335) | (54,982) | (70,546) |
Cash flows from financing activities | |||
Repurchase of shares | (14,319) | (1,287) | (69,303) |
Proceeds from initial public offering | 93,881 | ||
Payment of initial public offering expenses | (3,504) | ||
Prepayment for share repurchase plan | 712 | 288 | (1,000) |
Governments grants received | 2,508 | 1,055 | 856 |
Proceeds from exercise of vested share options | 58 | 4,974 | 1,523 |
Initial public offering expenses reimbursement received | 1,158 | ||
Net cash generated from/(used in) financing activities | (11,041) | 5,030 | 333,268 |
Net increase/(decrease) in cash and cash equivalents | (152,406) | (36,188) | 310,924 |
Cash and cash equivalents at beginning of year | 361,777 | 404,275 | 93,906 |
Effect of exchange rates on cash and cash equivalents | (9,867) | (6,310) | (555) |
Cash and cash equivalents at end of year | 199,504 | 361,777 | 404,275 |
Supplemental disclosure of cash flow information | |||
Income tax paid | 82 | 241 | |
Non cash investing and financing activities | |||
Acquisition of property and equipment in form of other payables | (1,773) | 4,468 | 240 |
Initial public offering expenses in form of other payables | 712 | ||
Purchase of intangible assets in form of accounts payable | 62 | 21,860 | |
Acquisition of intangible assets in form of barter transactions | 4,030 | ||
Deemed dividend to certain shareholders from repurchase of shares | 14,926 | ||
Acceleration of amortization of beneficial conversion feature of Series E upon initial public offering | 49,346 | ||
Deemed dividend to preferred shareholders upon initial public offering | 32,807 | ||
Series D Preferred Stock [Member] | |||
Adjustments to reconcile net income/(loss) to net cash generated from operating activities (note) | |||
Loss on exchange of warrants | (405) | ||
Non cash investing and financing activities | |||
Deemed dividend to preferred shareholders | 279 | ||
Accretion to preferred shares redemption value | 1,870 | ||
Series E Preferred Shares [Member] | |||
Cash flows from financing activities | |||
Issuance of Series E preferred shares | 275,314 | ||
Issuance of Series E warrants | 34,686 | ||
Payment of Series E financing expenses | (343) | ||
Non cash investing and financing activities | |||
Accretion to preferred shares redemption value | 12,754 | ||
Amortization of beneficial conversion feature of Series E | 4,139 | ||
Acceleration of amortization of beneficial conversion feature of Series E upon initial public offering | 49,346 | ||
Series C To One Series C [Member] | |||
Non cash investing and financing activities | |||
Contingent beneficial conversion feature | $ 57 |
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- References No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of a favorable spread to a debt holder between the amount of debt being converted and the value of the securities received upon conversion. This is an embedded conversion feature of convertible debt issued that is in-the-money at the commitment date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred income tax expense (benefit) and income tax credits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate increase (decrease) during the reporting period in the amount due from the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in other obligations or expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) of consideration paid in advance for other costs that provide economic benefits in future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate amount of interest paid or due on all long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of intangibles that an Entity acquires in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income or gain included in net income that result in no cash inflow (outflow), classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the repurchase of amount received from entity's first offering of stock to the public. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow to reacquire preferred stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, beyond the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the long-term. No definition available.
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- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow associated with the deconsolidation of a previously consolidated subsidiary or the sale of investment in consolidated subsidiaries (generally greater than 50 percent). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow associated with the amount received from entity's first offering of stock to the public. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from issuance of preferred stock that is classified as callable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from sales of all investments, including securities and other assets, having ready marketability and intended by management to be liquidated, if necessary, beyond the current operating cycle. No definition available.
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X | ||||||||||
- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from sales of all investments, including securities and other assets, having ready marketability and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Value of accretion of temporary equity to its redemption value during the period. No definition available.
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X | ||||||||||
- Definition Acceleration Of Amortization Of Beneficial Conversion Of initial public offering No definition available.
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- Definition Amortization of beneficial conversion feature. No definition available.
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- Definition Deemed Dividend To Preferred Shareholders Upon Initial Public Offering No definition available.
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- Definition The amount of preferred stock deemed dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition Gain or Loss on settlement of warrants to purchase preferred stock upon exercise of put option. No definition available.
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- Definition Amount of grant received for the qualifying expenses that had previously incurred. No definition available.
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- Definition The increase (decrease) during the reporting period in obligations related to government grants. No definition available.
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- Definition The amount of licensed copyrights that an entity acquires in a non cash (or part non cash) acquisition in form of barter transactions non monetary exchanges. Non cash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part non cash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. No definition available.
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- Definition Non cash or part non cash expenses of accrued IPO related costs. No definition available.
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- Definition Preferred stock deemed dividend. No definition available.
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- Definition The net cash inflow or outflow from loans (to)/repayment of loan from employees. No definition available.
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- Definition Proceeds from reimbursement of initial public offering expenses. No definition available.
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- Definition The Cash inflow from collection of money previously advanced to shareholder. No definition available.
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Organization and nature of operations |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization and nature of operations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization and nature of operations |
Xunlei Limited, previously known as Giganology Limited, (the “Company”) was incorporated under the law of the Cayman Islands (“Cayman”) as a limited liability company on February 3, 2005. These consolidated financial statements include the financial statements of the Company, its subsidiaries, its variable interest entity (“VIE”) and the VIE’s subsidiaries (collectively referred to as the “Group”) as follows:
Note a: Xunlei Kankan was disposed in 2015. See note 3 for details. Note b: The English names of the PRC companies represent management’s translation of their Chinese names of these companies as they have not adopted formal English names. The Group engages primarily in the provision of premium downloading services to its members, online advertising services on its websites, sales of bandwidth and online game platforms for game developers and users. To comply with the PRC laws and regulations that prohibit or restrict foreign ownership of companies that provide online advertising services, operate online games, and hold Internet Content Provider (‘‘ICP’’) license, the company conducts its business through Shenzhen Xunlei, its consolidated VIE. Through the various agreements enacted among the Company, Giganology Shenzhen, a wholly owned subsidiary of the Company, Shenzhen Xunlei and legal shareholders of Shenzhen Xunlei (the “Restructuring”), the Company received all of the economic benefits and residual interest and absorbed all of the risks and expected losses from Shenzhen Xunlei. Details of certain key agreements with the VIE are as follows: Loan Agreements between Giganology Shenzhen and the shareholders of Shenzhen Xunlei Giganology Shenzhen provided interest-free loans of RMB 9 million to the shareholders of Shenzhen Xunlei for them to make contributions as registered capital into Shenzhen Xunlei. The term of these agreements last for two years from the date it was signed, and will be automatically extended afterwards on a yearly basis until each shareholder of Shenzhen Xunlei has repaid the loans in its entirety in accordance with the loan agreement. The shareholders would not be allowed to transfer their interests in Shenzhen Xunlei without prior consent of Giganology Shenzhen. According to the loan agreements, the loans can only be repaid in the form of common shares of Shenzhen Xunlei. At any time during the term of the loan agreements, Giganology Shenzhen may, at their sole discretion, requires any of the shareholders of Shenzhen Xunlei to repay all or any portion of their outstanding loan under the agreement. Under a separate loan agreement between Giganology Shenzhen and Mr. Sean Shenglong Zou as a shareholder of Shenzhen Xunlei, Giganology Shenzhen made an additional interest-free loan of RMB20 million to Mr. Sean Shenglong Zou, the entire amount of which was contributed to the registered capital of Shenzhen Xunlei, increasing the registered capital of Shenzhen Xunlei to RMB30 million. The term of this agreement last for two years from the date it was signed, and will be automatically extended afterwards on a yearly basis until Mr. Zou has repaid the loan in its entirety in accordance with the loan agreement. This loan will be deemed to be repaid when all equity interest held by the shareholders in Shenzhen Xunlei has been transferred to Giganology Shenzhen or its designated parties. At any time during the term of this loan agreement, the Company may, at their sole discretion, require all or any portion of the outstanding loan under the agreement to be repaid. Business Operation Agreements between Giganology Shenzhen and Shenzhen XunleiUnder these agreements, Giganology Shenzhen has the rights to direct the operating activities of Shenzhen Xunlei, including the appointment of senior management. The shareholders of Shenzhen Xunlei also transferred all their shareholders’ rights to Giganology Shenzhen. The term of this agreement will expire in 2016 and may be extended with Giganology Shenzhen’s confirmation prior to the expiration date. For instance, in May 2011, Shenzhen Xunlei sought and obtained consent from Giganology Shenzhen and the Company to increase its registered capital by RMB20 million and to revise its articles of association accordingly. This agreement expired on November 15, 2016 and has been extended to 2026. Equity Pledge Agreement between Giganology Shenzhen and the shareholders of Shenzhen XunleiUnder this agreement, the shareholders of Shenzhen Xunlei pledged all of their equity interests in Shenzhen Xunlei to Giganology Shenzhen. If Shenzhen Xunlei and/or its shareholders breach their contractual obligations under this agreement, Giganology Shenzhen, as pledgee, will be entitled to certain rights, including the right to sell the pledged equity interests. Power of AttorneyEach shareholder of Shenzhen Xunlei appointed Giganology Shenzhen as its attorney-in-fact to exercise their shareholders’ rights in Shenzhen Xunlei, including shareholders’ voting rights. Each power of attorney will remain in force for 10 years unless the business operation agreement among Giganology Shenzhen, Shenzhen Xunlei and the shareholders of Shenzhen Xunlei is terminated in advance. This period may be extended at Giganology Shenzhen’s discretion. Service Agreements between Giganology Shenzhen and Shenzhen XunleiUnder various service agreements, Giganology Shenzhen will provide services including technical support, training, as well as consulting services to Shenzhen Xunlei in exchange for a service fee. These service agreements include the Exclusive Technology Support and Services Agreement, the Exclusive Technology Consulting and Training Agreement and the Software and Proprietary Technology License Contract. Giganology Shenzhen is entitled to service fees equal to 20%, 20% and 40% of the pre-tax operating profit of Shenzhen Xunlei according to the terms and provisions of these agreements, respectively (in aggregate 80% of pre-tax operating profit of Shenzhen Xunlei). In addition, these agreements also allow both parties to review and adjust the above mentioned percentage every six months according to the business operation and income of Shenzhen Xunlei so as to enable Giganology Shenzhen to extract substantially all the after tax operating profit of Shenzhen Xunlei. The amount of service fees payable from Shenzhen Xunlei to Giganology Shenzhen for the years ended December 31, 2014, 2015 and 2016 was USD1,228 thousand, USD 1,235 thousand and USD 1,088 thousand, respectively. For the Exclusive Technology Support and Services Agreement and the Exclusive Technology Consulting and Training Agreement, the term of these agreements will expire in 2025 and may be extended with Giganology Shenzhen’s written confirmation prior to the expiration date. Giganology Shenzhen is entitled to terminate the agreement at any time by providing 30 days’ prior written notice to Shenzhen Xunlei. For the Proprietary Technology License Contract, the term of this contract will expire in 2022 and may be extended with Giganology Shenzhen’s written confirmation prior to the expiration date. Giganology Shenzhen grants Shenzhen Xunlei a non-exclusive and non-transferable right to use Giganology Shenzhen’s proprietary technology. Shenzhen Xunlei can only use the proprietary technology to conduct business according to its authorized business scope. Giganology Shenzhen or its designated representative(s) owns the rights to any new technology developed due to implementation of this contract. Intellectual Properties Purchase Option Agreement between Giganology Shenzhen and Shenzhen Xunlei. Giganology Shenzhen has an option to acquire Shenzhen Xunlei’s intellectual properties at the lowest price permissible by the then-applicable PRC laws and regulation. The term of this contract will expire in 2022 and may be automatically extended for an additional 10 years at Giganology Shenzhen’s discretion. Call Option AgreementGiganology Shenzhen has an option to acquire all of the outstanding shares of Shenzhen Xunlei at a purchase price equal to RMB 1 or the lowest price permissible by the then-applicable PRC laws and regulation. The term of the agreement will expire in 2022 and may be extended at Giganology Shenzhen’s discretion. As a result of these agreements (collectively defined as “Structured Service Contracts”), Giganology Shenzhen can exercise effective control over Shenzhen Xunlei, receives all of the economic benefits and residual interest and absorbs all of the risks and expected losses from Shenzhen Xunlei as if it were the sole shareholder, and has an exclusive option to purchase all of the equity interest in Shenzhen Xunlei at a minimal price. Therefore, Giganology Shenzhen is considered the primary beneficiary of Shenzhen Xunlei and accordingly Shenzhen Xunlei’s results of operations, assets and liabilities have been consolidated in the Company’s financial statements. VIE-Related Risks It is possible that the Group’s operation of certain of its operations and businesses through VIEs could be found by PRC authorities to be in violation of PRC law and regulations prohibiting or restricting foreign ownership of companies that engage in such operations and businesses. While the Group’s management considers the possibility of such a finding by PRC regulatory authorities under current law and regulations to be remote, on January 19, 2015, the Ministry of Commerce of the PRC, or (the “MOFCOM”) released on its Website for public comment a proposed PRC law (the “Draft FIE Law”) that appears to include VIEs within the scope of entities that could be considered to be foreign invested enterprises (or “FIEs”) that would be subject to restrictions under existing PRC law on foreign investment in certain categories of industry. Specifically, the Draft FIE Law introduces the concept of “actual control” for determining whether an entity is considered to be an FIE. In addition to control through direct or indirect ownership or equity, the Draft FIE Law includes control through contractual arrangements within the definition of “actual control.” If the Draft FIE Law is passed by the People’s Congress of the PRC and goes into effect in its current form, these provisions regarding control through contractual arrangements could be construed to reach the Group’s VIE arrangements, and as a result the Group’s VIEs could become explicitly subject to the current restrictions on foreign investment in certain categories of industry. The Draft FIE Law includes provisions that would exempt from the definition of foreign invested enterprises entities where the ultimate controlling shareholders are either entities organized under PRC law or individuals who are PRC citizens. The Draft FIE Law does not make clear how “control” would be determined for such purpose, and is silent as to what type of enforcement action might be taken against existing VIEs that operate in restricted industries and are not controlled by entities organized under PRC law or individuals who are PRC citizens. If a finding were made by PRC authorities, under existing law and regulations or under the Draft FIE Law if it becomes effective, that the Group’s operation of certain of its operations and businesses through VIEs, regulatory authorities with jurisdiction over the licensing and operation of such operations and businesses would have broad discretion in dealing with such a violation, including levying fines, confiscating the Group’s income, revoking the business or operating licenses of the affected businesses, requiring the Group to restructure its ownership structure or operations, or requiring the Group to discontinue all or any portion of its operations. Any of these actions could cause significant disruption to the Group’s business operations, and have a severe adverse impact on the Group’s cash flows, financial position and operating performance. In addition, it is possible that the contracts among the Group, the Group’s VIEs and shareholders of its VIEs would not be enforceable in China if PRC government authorities or courts were to find that such contracts contravene PRC law and regulations or are otherwise not enforceable for public policy reasons. In the event that the Group was unable to enforce these contractual arrangements, the Group would not be able to exert effective control over the affected VIEs. Consequently, such VIE’s results of operations, assets and liabilities would not be included in the Group’s consolidated financial statements. If such were the case, the Group’s cash flows, financial position and operating performance would be severely adversely affected. The Group’s contractual arrangements with respect to its consolidated VIEs are approved and in place. The Group’s management believes that such contracts are enforceable, and considers the possibility remote that PRC regulatory authorities with jurisdiction over the Group’s operations and contractual relationships would find the contracts to be unenforceable. Initial public offering The Company completed its initial public offering (“IPO”) on June 24, 2014 on the NASDAQ Global Market and the underwriters subsequently exercised their over-allotment option on June 27, 2014. The Company issued and sold a total of 8,412,250 American Depositary Shares (“ADSs”) pursuant to these transactions. Each ADS represents five common shares. The net proceeds received by the Company, after deducting commissions and offering expenses, amounted to approximately US$ 89,665 thousand. Upon the completion of the IPO, all of the Company’s outstanding preferred shares were converted into common shares immediately as of the same date. |
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- References No definition available.
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- Definition The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of significant accounting policies |
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Summary of significant accounting policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of significant accounting policies |
The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (‘‘U.S. GAAP’’). Significant accounting policies followed by the Group in the preparation of the accompanying consolidated financial statements are summarized below. The Restructuring was accounted for at historical costs. The assets and liabilities of Shenzhen Xunlei are consolidated in the Company’s financial statements at carryover basis. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements and related disclosures. Actual results could differ materially from these estimates. Significant accounting estimates reflected in the Group’s consolidated financial statements mainly include the useful lives of property and equipment, allowance for doubtful accounts, valuation allowance of deferred tax assets, sales rebate to advertising agencies, amortization period of online game revenue, amortization of content copyrights, fair value of content copyrights exchange, impairment assessment of goodwill and impairment assessment of long-lived assets. In addition, the Group uses assumptions in a valuation model to estimate the fair value of share options granted, warrants issued and underlying common shares. Management bases the estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from these estimates.
The consolidated financial statements include the financial statements of the Company, its subsidiaries, VIE for which the Company is the primary beneficiary and its subsidiaries. All significant transactions and balances among the Company, its subsidiaries, VIE and its subsidiaries have been eliminated upon consolidation. A subsidiary is an entity in which the Company, directly or indirectly, controls more than one-half of the voting power, or has the power to appoint or remove the majority of the members of the board of directors to cast majority of votes at meetings of the board of directors or to govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders. An entity is considered to be a VIE if the entity’s equity holders do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. The Group consolidates entities for which the Company is the primary beneficiary if the entity’s other equity holders do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. In determining whether the Company or its subsidiary is the primary beneficiary of a VIE, the Company considered whether it has the power to direct activities that are significant to the VIE’s economic performance, including the power to appoint senior management, right to direct company strategy, power to approve capital expenditure budgets, and power to establish and manage ordinary business operation procedures and internal regulations and systems. Management has evaluated the contractual arrangements among Giganology Shenzhen, Shenzhen Xunlei and its shareholders and concluded that Giganology Shenzhen receives all of the economic benefits and absorbs all of the expected losses from Shenzhen Xunlei and has the power to direct the aforementioned activities that are significant to Shenzhen Xunlei’s economic performance, and is the primary beneficiary of Shenzhen Xunlei. Therefore, Shenzhen Xunlei and its subsidiaries’ results of operation, assets and liabilities have been included in the Group’s consolidated financial statements. Management monitors the regulatory risk associated with these contractual arrangements. See Note 25 for further discussion. Non-controlling interests represent the portion of the net assets of a subsidiary attributable to interests that are not owned by the Company. The non-controlling interests are presented in the consolidated balance sheets, separately from equity attributable to the shareholders of the Company. Non-controlling interests in the results of the Group is presented on the face of the consolidated statements of comprehensive income as an allocation of the total income or loss for the year/period between non-controlling shareholders and the shareholders of the Company.
When disposals that represent a strategic shift that has (or will have) a major effect on the entity’s results and operations would qualify as discontinued operations. Discontinued operations are reported when a component of an entity comprising operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity is classified as held for disposal or has been disposed of, if the component either (1) represents a strategic shift or (2) have a major impact on an entity’s financial results and operations. Examples include a disposal of a major geographical location, line of business, or other significant part of the entity, or disposal of a major equity method investment. In the consolidated income statement, result from discontinued operations is reported separately from the income and expenses from continuing operations and prior periods are presented on a comparative basis. Cash flows for discontinuing operations are presented separately in note 3. In order to present the financial effects of the continuing operations and discontinued operations, revenues and expenses arising from intra-group transactions are eliminated except for those revenues and expenses that are considered to continue after the disposal of the discontinued operations. Non-current assets or disposal groups are classified as assets held for sale when the carrying amount is to be recovered principally through a sale transaction rather than through continuing use. For this to be the case, the asset or disposal group must be available for immediate sale in its present condition subject only to terms that are usual and customary for sale of such assets or disposal groups and the sale must be highly probable. Non-current assets classified as held for sale and disposal groups are measured at the lower of their carrying or fair value less costs to sell.
The Company’s reporting and functional currency is the United States Dollar (‘‘USD’’). Xunlei BVI and Xunlei HK’s functional currency is the USD. The functional currency of other subsidiaries, VIE and its subsidiaries located in the PRC is the Renminbi (‘‘RMB’’), which is their respective local currency. Transactions denominated in foreign currencies are remeasured into the functional currency at the exchange rates prevailing on the transaction dates. Financial assets and liabilities denominated in foreign currencies are remeasured into the functional currency using the applicable exchange rates prevailing at the balance sheet date. The resulting exchange gains and losses from foreign currency transactions are included in other income (loss) within the consolidated statements of comprehensive income. The Company uses the monthly average exchange rate for the year and the exchange rates at the balance sheet date to translate the operating results and financial position, respectively, of its subsidiaries whose functional currency is other than the USD. The resulting translation differences are recorded in cumulated translation adjustments, a component of shareholders’ equity. The exchange rate used is released by Chinese State Administration of Foreign Exchange.
Cash and cash equivalents include cash on hand, cash in bank and time deposits placed with banks or other financial institutions, which have original maturities of three months or less and are readily convertible to known amounts of cash.
Short-term investments include deposits placed with banks with original maturities of more than three months but less than one year and investments in financial instruments with a variable interest rate indexed to the performance of underlying assets. In accordance with ASC 825 Financial Instruments, for investments in financial instruments with a variable interest rate indexed to performance of underlying assets, the Group elected the fair value method at the date of initial recognition and carried these investments subsequently at fair value. Changes in the fair value are reflected in the consolidated statements of comprehensive income. Interest generated from short term investments are recorded when interest payments are received at the maturity date. It is recorded as “other income” on the statement of comprehensive income and measured based on the actual amount of interest the Group received.
The Group’s financial instruments consist principally of cash and cash equivalents, short-term investments, accounts receivable, other receivables, amounts due from/(to) related parties, accounts payable, other payables and warrants liabilities. The carrying value of these balances, with the exception of short-term investments (see note 2 (f)), approximates their fair value due to the current and short term nature of these balances.
Accounts receivable are presented net of allowance for doubtful accounts. The Group evaluates the creditworthiness of each customer at the time when services are rendered and continuously monitor the recoverability of the accounts receivable. The Group uses specific identification method in providing for bad debts when facts and circumstances indicate that collection is doubtful and a loss is probable and estimable. If the financial conditions of its customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances might be required. The allowance for doubtful accounts is based on the best facts available and is re-evaluated and adjusted on a regular basis as additional information is received. Some of the factors that the Group considers in determining whether a bad debt allowance is recorded on an individual customer are: 1) the customer's past payment history and whether it fails to comply with its payment schedule; 2) whether the customer is in financial difficulty due to economic or legal factors; 3) a significant dispute with the customer has occurred; 4) the objective evidence which indicates non-collectability of the accounts receivable. The allowances provided for Accounts Receivable from continuing operations as of December 31, 2015 and 2016 were USD 0.1 million and USD 0.1 million, respectively. If the Group determines that an allowance is needed for a customer, the Group will discontinue business with them unless they start to resume payment. The accounts receivable is written-off when the Group ceases pursuing collection. Any changes in the estimates may cause the Group's operating results to fluctuate.
Inventories are stated at the lower of cost or net realizable value. Cost is determined using actual cost on a weighted average basis. Net realizable value is the amount that can be realized from the sale of the inventory in the inventory in the normal course of business after allowing for the costs of realization. An allowance is recorded for excess inventory and obsolescence based on the lower of cost or net realizable value.
The Group holds investments in privately held companies. The Group accounts for these investments over which it has significant influence but does not own a majority equity interest or otherwise control using the equity method of accounting. For investments in an investee over which the Group does not have significant influence and of which the investee has no readily determinable fair value, the Group carries the investment using the cost method. Under the cost method, the investment is measured initially at cost. The investment carried at cost should recognize income when dividends are received from the distribution of the investee’s earnings. The Group assesses its long-term investments for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, operating performance of the companies, including current earnings trends and undiscounted cash flows, and other company-specific information. The fair value determination, particularly for investments in privately-held companies, requires significant judgment to determine appropriate estimates and assumptions. Changes in these estimates and assumptions could affect the calculation of the fair value of the investments and determination of whether any identified impairment is other-than-temporary. During the year ended December 31, 2014, the Group did not impair any of its long-term investments. In 2015 and 2016, the Group recognised an impairment of USD0.8 million and USD 1.66 million, respectively.
Property and equipment are stated at historical cost less accumulated depreciation and impairment loss, if any. Depreciation is calculated using the straight-line method over their estimated useful lives. Residual rate is determined based on the economic value of the asset at the end of the estimated useful life as a percentage of the original cost.
Repair and maintenance costs are expensed as incurred. Expenditures that substantially increase an asset’s useful life are capitalized. Upon sale or disposition, gain or loss on the disposal of property and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated statements of operations. The cost and related accumulated depreciation are removed from the financial statements.
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.
Impairment of goodwill assessment is performed on at least an annual basis on December 31 or whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. According to ASC 350-20-35, an entity may assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. Alternatively, an entity may proceed directly to perform a two-step goodwill impairment test. The first step compares the fair values of a reporting unit to its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill is not considered impaired and the second step will not be required. If the carrying amount of a reporting unit exceeds its fair value, the second step compares the implied fair value of the affected reporting unit’s goodwill to the carrying value of that goodwill. The implied fair value of goodwill is determined in a manner similar to accounting for a business combination with the allocation of the assessed fair value determined in the first step to the assets and liabilities of the reporting unit. The excess of the fair value of the reporting unit over the amounts assigned to the assets and liabilities is the implied fair value of goodwill. This allocation process is only performed for purposes of evaluating goodwill impairment and does not result in an entry to adjust the value of any assets or liabilities. An impairment loss is recognized for any excess in the carrying value of goodwill over the implied fair value of goodwill. The judgment in estimating the fair value of a reporting unit includes estimating future cash flows, determining appropriate discount rates and making other assumptions. Changes in these estimates and assumptions could materially affect the determination of the fair value of a reporting unit. The Group selected directly to perform a two-step goodwill impairment test. For the first step, the impairment test was performed using a discounted cash flow analysis to assess the fair value of the Group, as a single reporting unit. The discounted cash flow analysis, that requires certain assumptions and estimates regarding economics and future profitability, use cash flow projections for the purposes of impairment reviews covering a five-year period. Cash flows beyond the five-year period are extrapolated using an estimated annual growth of not more than 2%. The growth rates used do not exceed the historical growth of the Group. The discount rates used of 18.2% reflect market assessments of the time value and the specific risks. According to the assessment of first step, the fair value of the reporting unit exceeded its carrying amount and goodwill was not considered impaired. Accordingly, the second step was not required. No goodwill impairment losses were recognized for the year ended December 31, 2016 based on the impairment test performed by the Group.
Licensed copyrights of movies, TV series and variety shows (collectively “Content Copyrights”) are capitalized when 1) the cost of the content is known 2) the content has been accepted by the Group in accordance with the conditions of the license agreement and 3) the content is available for its first showing on the Group’s website. Content Copyrights are carried at cost less accumulated amortization and impairment loss, if any. The Group has two types of Content Copyrights, 1) non- exclusive Content Copyrights and 2) exclusive Content Copyrights. With non-exclusive Content Copyrights, the Group has the right to broadcast the contents on its own websites. While, with exclusive Content Copyrights, besides the broadcasting right, the Group also has the right to sub-license these exclusive Content Copyrights to third parties. For non-exclusive Content Copyrights, which only generates primarily indirect cash flows, the amortization method is based on the analysis of historical viewership consumption patterns. The Group determines consumption patterns by tracking the number of viewers watching the content throughout its life cycle. This information is then aggregated to come up with a viewership trend that can support an appropriate method to amortize non-exclusive Content Copyrights. The Group generally categorizes its contents in the Xunlei Kankan website into three broad categories, namely movies; TV series; and variety shows and others, which include reality shows, talent shows, talk shows and entertainment news. The Group adopted the method to amortize the non-exclusive Content Copyrights over the shorter of estimated useful lives or their respective licensing periods using an accelerated method based on consumption patterns. Estimates of the consumption patterns for these non-exclusive Content Copyrights are reviewed periodically and revised, if necessary. Exclusive Content Copyrights generate both direct and indirect cash flows. For the portion of exclusive Content Copyrights that generate indirect cash flows, the Group uses the amortization method based on the analysis of historical viewership consumption patterns, which is the same with that of non-exclusive Content Copyright as discussed above. For the portion of exclusive Content Copyrights that generates direct cash flows, the Group amortizes the purchase costs using an individual-film-forecast-computation method, which amortizes such costs based on the ratio of sub-licensing revenue and barter transaction gain (details described in Note 2(r)) generated for the current period to the total ultimate direct revenue estimated to be generated by the exclusive Content Copyrights for their whole license period or estimated useful lives. The Group revisits the forecast at each quarter and year end and makes adjustment, when appropriate. Content copyrights were disposed of in July 2015 as a result of the divestiture of the Company’s online video streaming platform (see note 3 for details).
Other intangible assets, which include computer software, internal use software development costs, online game licenses, domain names, land use right, trademarks, technology (including right-to-use) and non-compete agreement, are carried at cost less accumulated amortization and impairment loss, if any. Exclusive game licenses are amortized using the straight-line method over their licensing period of three years. Computer software, internal use software and domain name are amortized using the straight-line method over their estimated useful life of five years. Land use right is amortized using the straight-line method over their estimated useful life of thirty years.
The Group evaluates the program usefulness of non-exclusive Content Copyrights and exclusive Content Copyrights pursuant to the guidance in ASC 920-350 IntangibleGoodwill and Other: Recognition, which provides that such rights be reported at the lower of unamortized cost or estimated net realizable value. For non-exclusive Content Copyrights which only generate indirect cash flows, the Group evaluates the net realizable value of the content library by its three content categories (i.e. movies, TV series, variety shows and others). If management’s expectations of programming usefulness, which represents the expected revenues and related net cash flows derived from the contents, are revised downward, they assess whether it is necessary to write down the unamortized costs to estimated net realizable value. The Group evaluates programming usefulness by category on an annual basis by comparing the unamortized cost to the estimated net realizable value. On a quarterly basis, the Group also monitors whether there are indicators of changes in their expected usage of program materials. The Group estimates net realizable value using expected net cash flows of the content based on expected future levels of advertising revenues. Such estimates consider historical amounts and anticipated levels of demand. Expected future revenues are reduced by estimated direct costs to provide access to the website and generate the related revenue, including bandwidth costs and server costs. For purposes of estimating revenues for each category of content, the Group considers both expected future advertising revenues sold based on number of impressions delivered as well as advertising sold based on the period of time that it is displayed. For exclusive Content Copyrights that generate both direct and indirect cash flows, the Group evaluates the net realizable value of the Group’s licensed copyright on a content by content basis. Impairment is assessed on an annual basis by comparing the unamortized cost to the Group’s estimated net realizable value. The Group estimates the net realizable value using expected net cash flows based on expected future levels of advertising and content sub-licensing revenues. For expected future levels of advertising revenue, the Group uses the same estimation methodology used for the impairment assessment of non-exclusive Content Copyrights. For both exclusive and non-exclusive Content Copyrights, there were no impairments for the years ended December 31, 2014, 2015 and 2016 because a significant portion of the contents was related to movies and TV series, of which approximately 70% to 90% of the purchase costs of the Content Copyrights had already been amortized during the first year of the licensed period. As such, the unamortized carrying amounts were lower than the respective net realizable values when the impairment assessment was performed. For other long-lived assets, the Group evaluates its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. The Group assesses the recoverability of the long-lived assets by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to be received from use of the assets and their eventual disposition at the lowest level of identifiable cash flows. Such assets are considered to be impaired if the sum of the expected undiscounted cash flows is less than the carrying amount of the assets. If the Group identifies an impairment, the carrying value of the asset will be reduced to its estimated fair value based on a discounted cash flow approach or, when available and appropriate, to comparable market values. The impairment of online game license were USD 808 thousand, USD 770 thousand and USD 721 thousand as of December 31, 2014, 2015 and 2016, respectively.
In the normal course of business, the Group is subject to contingencies, such as legal proceedings and claims arising out of its business, that cover a wide range of matters. Liabilities for such contingencies are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. In regards to legal cost, the Group recorded such costs as incurred. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Group, but which will only be resolved when one or more future events occur or fail to occur. The Group’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Group or unasserted claims that may result in such proceedings, the Group, in consultation with its legal counsel, evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Group’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss, if determinable and material, would be disclosed.
Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating lease are charged to the statements of comprehensive income on a straight-line basis over the period of the lease.
The Group generates revenues from various streams. The Group operates a prepaid virtual items system, under which, prepaid virtual items at fixed face value are sold to third parties. Virtual items purchased can be used to subscribe for membership or purchase of virtual items in online games, as discussed below. Virtual items sold but not yet consumed by the users are recorded as “Receipts in advance from customers” and upon consumption, they are recognized as membership subscription and online game revenue according to the respective prescribed revenue recognition policies addressed below.
The Group operates a VIP membership program where VIP members can have access to high speed online acceleration services, online streaming and other access privileges. The membership fee is time-based and is collected up-front from subscribers except in the cases when they elect to pay via their mobile operators. The membership fee is collected when the subscribers pay for the monthly phone bills. The terms of time-based subscriptions range from one month to twelve months, with the subscribers having the option to renew the contract. The receipt of subscription fee is initially recorded as deferred revenue and revenue is recognized ratably over the period of subscription as services are rendered. Unrecognized portion beyond 12 months from balance sheet date is classified as a long-term liability. The Group evaluated the principal versus agent criteria and determined that the Group is the principal in the transaction and accordingly record revenue on a gross basis. In determining whether to report revenues gross for the amount of subscription revenue, the Group assesses whether it maintains the principal relationship with the VIP members, whether it bears the credit risk and whether it establishes prices for the end users. Service fees levied by online system, fixed phone line and mobile payment channels (‘‘Payment Handling Fees’’) are recorded as the cost of revenues in the same period as the revenue for the membership fee is recognized.
Advertising revenues are derived principally from arrangements where the customers pay to place their advertisements on the Group’s platform in different formats over a particular period of time. Such formats generally includes but not limited to videos, banners, links, logos and buttons. Advertisements on the Group’s platform are generally charged on the basis of duration, and advertising contracts are signed to establish the fixed price and the advertising services to be provided. The Group enters into advertising contracts with third party advertising agencies that represents advertisers, as well as directly with advertisers. A typical contract term would range from a few days to 3 months. Both third party advertising agencies and direct advertisers are generally billed at the end of the display period and payments are due usually within 3 months. Where the Group’s customers purchase multiple advertising spaces with different display periods in the same contract, the Group allocates the total consideration to the various advertising elements based on their relative fair values and recognizes revenue for the different elements over their respective display periods. The Group determines the fair values of different advertising elements based on the prices charged when these elements were sold on a standalone basis. The Group recognizes revenue on the elements delivered and defers the recognition of revenue for the fair value of the undelivered elements until the remaining obligations have been satisfied. Where all of the elements within an arrangement are delivered uniformly over the agreement period, the revenue is recognized on a straight line basis over the contract period. Transactions with third party advertising agencies For contracts entered into with third party advertising agencies, the third party advertising agencies will in turn sell the advertising services to advertisers. Revenue is recognized ratably over the contract period of display based on the following criteria: There is persuasive evidence that an arrangement existsthe Group will enter into framework and execution agreements with the advertising agencies, specifying price, advertising content, format and timing Price is fixed and determinableprices charged to the advertising agencies are specified in the agreements, including relevant discount and rebate rates Services are renderedthe Group recognizes revenue ratably over the contract period of display Collectability is reasonably assuredthe Group assesses credit history of each advertising agency before entering into any framework and execution agreements. If the collectability from the agencies is assessed as not reasonably assured, the Group recognizes revenue only when the cash is received and all the other revenue criteria are met. The Group provides sales incentives in the forms of discounts and rebates to third party advertising agencies based on purchase volume. As the advertising agencies are viewed as the customers in these transactions, revenue is recognized based on the price charged to the agencies, net of sales incentives provided to the agencies. Sales incentives are estimated and recorded at the time of revenue recognition based on the contracted rebate rates and estimated sales volume based on historical experience. Transactions with third party advertising platforms Xunlei began to cooperate with third party advertising platforms such as Guangdiantong and Baidu since the fourth quarter in 2015. In this business model, advertisers put their content on third party advertising platforms and platforms will dispatch the advertising content to Xunlei’s platforms by certain analysis systematically. As the third party advertising platforms are viewed as the customers in these transactions, revenue is recognized monthly based on the data publicized on third party platforms and the price charged to these advertising platforms. Transactions with advertisers The Group also enters into advertisement contracts directly with advertisers. Under these contracts, similar to transactions with third party advertising agencies, the Group recognizes revenue ratably over the contract period of display. The terms and conditions, including price, are fixed according to the contract between the Group and the advertisers. The Group also performs credit assessment of all advertisers prior to entering into contracts. Revenue is recognized based on the amount charged to the advertisers, net of discounts. The Group has estimated and recorded sales rebates provided to the agencies and advertisers of USD 5,005 thousand, USD 1,179 thousand and USD 15 thousand for the years ended December 31, 2014, 2015 and 2016, respectively.
Users play games through the Group’s platform free of charge and are charged for purchases of virtual items including consumable and perpetual items, which can be utilized in the online games to enhance their game-playing experience. Consumable items represent virtual items that can be consumed by a specific user within a specified period of time. Perpetual items represent virtual items that are accessible to the users’ account over the life of the online game. Pursuant to contracts signed between the Group and game developers, revenue from the sale of virtual items are shared based on a pre-agreed ratio for each game. The Group enters into both non-exclusive and exclusive licensing contracts with game developers. Non-exclusive game licensed contracts The games under non-exclusive licensed contracts are maintained, hosted and updated by the game developers. The Group mainly provides access to the platform and limited after-sale services to the game players. The determination of whether to record these revenues using the gross or net method is based on an assessment of various factors; the primary factors are whether the Group acts as the principal in offering services to the game players or as agent in the transaction, and the specific requirements of each contract. The Group determined that for non-exclusive game licensed arrangements, the third party game developers are the principal given that the game developers design and develop the game services offered, have reasonable latitude to establish prices of game virtual items, and are responsible for maintaining and upgrading the game content and virtual items. Accordingly, the Group records online game revenue, net of the portion remitted to the game developers. Given that online games are managed and administered by the game developers for non-exclusive licensed games, the Group does not have access to the data on the consumption details and the types of virtual items purchased by the game players. The Group has adopted a policy to recognize revenues relating to both consumable and perpetual items over the shorter of 1) estimated lives of the games and 2) the estimated lives of the user relationship with the Group, which were approximately one to ten months for the periods presented. Adjustments arising from the changes of estimated lives of virtual items are applied prospectively as such changes are resulted from new information indicating a change in the game player behavioral patterns. Exclusive licensing game contracts For exclusive licensing contracts with game developers, the games are maintained and hosted by the Group. Accordingly, the Group is determined to be the principal, the Group records online game revenue on a gross basis, with the amount remitted to the game developers reported as cost of revenue. Payment Handling Fees are recognized as cost of revenues when the related revenues are recognized. For exclusive licensed games which are maintained on the Group’s server, the Group has access to the data on the consumption details and types of virtual items purchased by the game players. The Group does not maintain information on consumption details of virtual items, and only have limited information related to the frequency of log-ons. Given that a substantial portion of the virtual items purchased by the game players in exclusive licensed games are perpetual items, management determined that it would be most appropriate to recognize revenue over the shorter of 1) estimated lives of the games and 2) the estimated lives of the user relationship with the Group, which were approximately one to six months for the periods presented. Revenues related to consumable items are recognized immediately upon consumption. Game players can purchase prepaid virtual items which can be used to purchase virtual items via online channels. The Group incurs service fees levied by those payment channels, and such payment expenses are recorded as the cost of revenues when the related revenues are recognized. For both non-exclusive and exclusive licensed games, the Group estimates the life of virtual items to be the shorter of the estimated lives of the games and the estimated lives of the user relationship. The estimated user relationship period is based on data collected from those users who have purchased virtual items. To estimate the life of the user relationship, the Group maintains a software system that captures the following information for each user: the date of first log-on, the date the user ceases to play the game and frequency of log-ons. The Group estimates the life of the user relationship to be the weighted average period from the first purchase of a virtual item to the date the user ceases to play the game based on the frequency of log-ons. To estimate the life of the games, the Group considers both games that they operate as well as games in the market that are of a similar nature. The Group categorizes these games by their nature, such as simulation games, role playing games and others, which appeal to players belonging to different demographics. The Group estimates that the life of each group of the games to be the average period from the date of launch for such games to the date the games are expected to be removed from the website or terminated altogether. When the Group launches a new game, they estimate the life of the game and user relationship based on lives of other similar games in the market until the new game establishes its own history. The Group also considers the game’s profile, attributes, target audience, and its appeal to players of different demographic groups in estimating the user relationship period. The consideration of user relationship with each online game is based on the Group’s best estimate that takes into account all known and relevant information at the time of assessment. Adjustments arising from the changes of estimated lives of virtual items are applied prospectively as such changes are resulted from new information indicating a change in the game player behavioral patterns. Any changes in the estimates of lives of virtual items may result in the Group’s revenues being recognized on a basis different from prior periods and may cause the Group’s operating result to fluctuate. The Group periodically assesses the estimated lives of the virtual items and any changes from prior estimates are accounted for prospectively. Any adjustments arising from changes in user relationship as a result of new information will be accounted as a change in accounting estimate in accordance with ASC 250 Accounting Changes and Error Corrections.
With the exclusive Content Copyrights, the Group has the right to sub-license the broadcasting rights to third parties. The Group generates revenue from sub-licensing these broadcasting rights on a recurring basis to third party customers for cash, mainly video streaming internet platforms, for cash payments at a fixed rate for a fixed period of time that falls within the original exclusive license period. Revenue is recognized in full at the later of the delivery of the master copy of the content with acceptance acknowledged by the customers and the commencement of the license period, as the Group is not obliged to provide any other services. The Group performs credit assessment of its customers prior to entering into contracts to ensure that collection of the arrangement fee is reasonably assured. There is no ongoing obligation of the Group after delivery of the master copy of the content. Content sub-licensing revenue was discontinued in July 2015 as a result of the divestiture of the Company’s online video streaming platform (see note 3 for details). The Group recognized content sub-licensing revenue from discontinued operations of USD 9,218 thousand, USD 2,929 thousand and nil for the years ended December 31, 2014, 2015 and 2016, respectively.
The Group operates a pay per view subscription program in which subscribers pay a monthly fee to watch and have access to a collection of movie contents. The subscription fee is time-based and is collected up-front from subscribers except in the cases where they elect to pay via their mobile operators. The subscription fee is collected when the subscribers pay for their monthly phone fees. The terms of time-based subscriptions range from one month to twelve months, with the subscribers having the option to renew the contract. The receipt of revenue is initially recorded as deferred revenue and revenue is recognized ratably over the period of subscription as services are rendered.
Live video was launched in 2015 as a new service of Xunlei. Users can purchase virtual items which they can then send to performers in the live videos. The revenue from live video is recognized at fair value of the virtual items, as Xunlei is the principal in this arrangement, based on actual consumption of virtual items by the paying users.
The Group enters into contracts with certain third party portals/websites to earn revenue by redirecting online traffic to these third party portals/websites. On a monthly basis, the Group receives data on the user traffic and the related monthly revenue from these third party portals/ websites. Under these programs, the Group recognizes its share of revenues based on contractual rates applied to user traffic redirected to the advertisements of the third parties
As part of the Group’s cloud computing service, Project Crystal, the Group engages in sale of zhuanqianbao (“ZQB”). ZQB is a hardware which could be worked as a micro-computer based on Linux system, it also contains CPU, RAM, ROM and input/output devices. ZQB also allows users to share their idle bandwidth with the Group, in exchange for crystal points. Crystal points, which can be converted into cash based on a pre-set exchange rate, will only be given to the users when they successfully shared unused bandwidth with the Group. Therefore, the Group receives an identifiable benefit, being the bandwidth, from the users in exchange for the crystal points which the Group can reasonably estimate the fair value of this benefit. The Group determined that ZQB sold to users represent identifiable benefit to the users that is separable from the ability to sell bandwidth back to the Group and the bandwidth purchased from the users represent identifiable benefit to the Group, which the Group can reasonably estimate the fair value of this benefit, that is separable from ZQB. The sales of ZQB and purchase of excess bandwidth by the Group are considered separate transactions. Therefore, sales of ZQB are reported as revenue, while crystal points given for purchase of bandwidth are reported as bandwidth cost. The Group sells ZQB through online e-commerce platforms. The revenue from ZQB is recognized when the item is dispatched to the end customers. The core business principle of cloud computing is to collect idle uplink capacity from individual with compensation, and sells to online video streaming platforms. On a monthly basis, the Group records the bandwidth it delivers and recognize revenue from these online video streamers under contractual rates applied (price per GB of bandwidth multiplies total GBs of bandwidth per month). The cost of collecting unused bandwidth is recorded as bandwidth costs within cost of revenue.
The Group also enters into agreements with third parties (mainly video streaming internet platform) to exchange content. The exchanged content provides rights for each respective party only to broadcast the content received on its own website; though, each party retains the right to continue broadcasting and or sub-license the rights to the content it surrendered in the exchange. These transactions are non-monetary transactions similar to barter transactions, and the Group follows ASC 845, Non-Monetary Transactions and ASC 360-10, Property, Plant, and Equipment. Such barter transactions should be recorded at fair value of the surrendered assets in the transaction unless such fair value are not determinable within reasonable limits. The Group estimated the fair value of the content by gathering ‘‘price reference’’ of cash sub-licensing transactions of each exclusive content right and categorizing it into two buckets (1) cash transaction prices with established counterparties and (2) cash transaction prices with less established counterparties. With this information, the Group calculates an ‘‘average cash transaction price’’ for each category to be used as a reference for the non-monetary transaction. The attributable cost of the related exclusive Content Copyright surrendered is released and recorded as the cost of the barter transaction using the individual-film-forecast computation method. This method calculates such cost based on the ratio of the estimated fair value of the exchanged content over the aggregated estimated fair value to be generated by the exclusive Content Copyrights for their whole license period or estimate useful lives. The Group revisits the forecast at each quarter or year end and make adjustment, when appropriate. The Group generated net gains amounted to nil (2014:USD1,556 thousand, 2015: USD137 thousand) from barter transactions, which is the net amount of proceeds of nil (2014:USD4,428 thousand, 2015: USD409 thousand), after deducting related allocation of cost of nil (2014:USD2,606 thousand, 2015: USD247 thousand) and business tax and surcharge of nil (2014:USD266 thousand, 2015: USD25 thousand).
Sales and marketing expenses comprise primarily of salary, commission and benefits of sales and marketing personnel and external advertising and market promotion expenses. The external advertising and market promotion expenses from continuing operations amounted to approximately USD 5,978 thousand, USD 8,089 thousand and USD 10,008 thousand for the years ended December 31, 2014, 2015 and 2016, respectively.
General and administrative expenses consist primarily of salary and benefits, professional service fees, legal expenses and other administrative expenses.
The Group incurred research and development costs to develop its downloading software. Costs incurred during the research phase are expensed as incurred. Costs incurred for the development of the downloading software prior to the establishment of technological feasibility, which is when a working model is available, are expensed when incurred. The development costs qualified for capitalization have been immaterial for the periods presented. The Group also incurred development costs in connection with an internal-use ERP software to further enhance management to monitor the business. While internal and external costs incurred during the preliminary project stage are expensed as incurred, costs relating to activities during the application development stages have been capitalized. During each of the three years ended December 31, 2016, no software development costs were capitalized as intangible assets. In addition, the Group incurred other research and development costs in relation to software used to support its operations. Any development costs qualified for capitalization have been immaterial for the periods presented.
Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements’ carrying amounts of existing assets and liabilities and their respective tax bases and tax loss carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the difference is expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the consolidated statement of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the carrying amount of deferred tax assets if it is considered more likely than not that some portion, or all, of the deferred tax assets will not be realized. The estimation of future taxable income involves significant judgement and estimates. Based on management's estimated future taxable income, management concluded that it is more likely than not that the net operating losses carried forward can be utilized prior to their respective expiration dates. On January 1, 2007, the Group adopted the guidance regarding uncertain tax positions and evaluated its open tax positions that exist in each jurisdiction for each reporting period. If an uncertain tax position is taken or expected to be taken in a tax return, the tax benefit from that uncertain position is recognized in the Group’s consolidated financial statements if it is more likely than not that the position is sustainable upon examination by the relevant taxing authority. The Group did not have any significant uncertain tax position and there was no effect on its financial condition or results of operations as a result of implementing the new guidance. The Group recognizes interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense, if any. Nevertheless, no significant interest and penalties were recorded in the years ended December 31, 2014, 2015 and 2016. Transition from PRC Business Tax to PRC Value Added Tax Effective September 1, 2012, the Chinese government has begun a pilot program (the “Pilot Program”) for transition from imposing business tax to imposing of value added tax (“VAT”) for revenues generated in certain industries. The Pilot Program has been expanded from Shanghai to eight other cities and provinces in China, including Beijing and Shenzhen. The Group’s advertising and content sub-licensing revenues are subject to the Pilot Program since November 1, 2012, and its subscription revenue, online game revenue and pay per view subscription revenue are subject to the Pilot Program since June 1, 2014. Business Tax has been imposed primarily on revenues from the provision of taxable services, assignments of intangible assets and transfers of real estate. VAT payable on goods sold or taxable labor services provided by a general VAT taxpayer for a taxable period is the net balance of the output VAT for the period after crediting the input VAT for the period. Before the implementation of the Pilot Program, the Group was mainly subject to a small amount of VAT mainly for revenues of the sale of software. VAT has been imposed on those revenues at a rate of 17%. With the implementation of the Pilot Program, in addition to the revenues currently subject to VAT, the Group’s advertising revenues, subscription revenue, online game revenue, revenue from cloud computing and live video revenue are in the scope of the Pilot Program and are now subject to VAT at a rate of 6%.
Full-time employees of the Company’s subsidiaries, consolidated VIE and its subsidiaries in the PRC participate in a government mandated multi-employer defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. Chinese labor regulations require that the subsidiaries and VIEs of the Company make contributions to the government for these benefits based on certain percentages of the employees’ salaries. The Group has no legal obligation for the benefits beyond the contributions made. The total amounts for such employee benefits, which are expensed as incurred, were USD3,818 thousand, USD5,481 thousand and USD9,237 thousand for the years ended December 31, 2014 , 2015 and 2016, respectively.
The Group measures share-based compensation at the grant date based on the fair value of the award determined using the Black-Scholes option pricing model. As the Group has granted share options and restricted shares with service-only condition, the Group elected to recognize compensation costs net of estimated forfeitures on a straight line basis over the requisite service period, which is generally the same as the vesting period. The amount of compensation cost recognized at any date is at least equal to the portion of the grant-date value of the award that is vested at that date.
The Group receives subsidies from the local PRC government for general use or purchase of equipment. General-use subsidies which are not subject to any conditions or specific use requirements are recorded as subsidy income in the consolidated statements of operations. Subsidies for purchase of equipment are recorded as deferred government grant when received, and are recorded as other income over the expected useful life of the assets after the related equipment has been purchased.
The Group’s Chief Executive Officer has been identified as the chief operating decision maker (“CODM”), who reviews consolidated operating results of the Group when making decisions about allocating resources and assessing performance of the Group as a whole. The Group has internal reporting of revenue, cost and expenses that does not distinguish between segments, and reports costs and expense by nature as a whole. The Group does not distinguish between markets or segments for the purpose of internal reporting. Management has determined that the Group operates and manages its business as a single segment which is the operation of its online media platform. All revenues of the Group are derived from mainland China. An analysis of the different types of revenues for the years ended December 31, 2014, 2015 and 2016 are summarized as follows:
Net basic income / (loss) per share is computed by dividing net income / (loss) attributable to holders of common shares by the weighted-average number of common shares outstanding during the year using the two class method. Using the two class method, net income / (loss) is allocated between common shares and other participating securities based on their participating rights. Net diluted income / (loss) per share is calculated by dividing net income / (loss) attributable to common shareholders as adjusted for the effect of dilutive common equivalent shares, if any, by the weighted-average number of common and dilutive common equivalents shares outstanding during the year. Dilutive equivalent shares are excluded from the computation of diluted income / (loss) per share if their effects would be anti-dilutive. Common share equivalents consist of the common shares issuable in connection with the Group’s convertible non-redeemable and redeemable preferred shares using the if-converted method, and common shares issuable upon the conversion of the stock options, using the treasury stock method.
Comprehensive income is defined as the change in equity of a Group during the period from transactions and other events and circumstances excluding transactions resulting from investments from shareholders and distributions to shareholders. Accumulated other comprehensive income, as presented on the accompanying consolidated balance sheets, consists of cumulative translation adjustment.
The Group’s subsidiaries, consolidated VIE and its subsidiaries incorporated in the PRC are required on an annual basis to make appropriations of retained earnings set at certain percentage of after-tax profit determined in accordance with PRC accounting standards and regulations (“PRC GAAP”). Appropriation to the statutory general reserve should be at least 10% of the after-tax net income determined in accordance with the legal requirements in the PRC until the reserve is equal to 50% of the entities’ registered capital. The Group is not required to make appropriation to other reserve funds and the Group does not have any intentions to make appropriations to any other reserve funds. The general reserve fund can only be used for specific purposes, such as setting off the accumulated losses, enterprise expansion or increasing the registered capital. Appropriations to the general reserve funds are classified in the consolidated balance sheets as statutory reserves. There are no legal requirements in the PRC to fund these reserves by transfer of cash to restricted accounts, and the Group does not do so. The following table presents the balances of registered capital, additional paid-in-capital and statutory reserves of entities within the Group incorporated in China as of December 31, 2015 and 2016 for the Group’s reporting purpose in China as determined under generally accepted accounting principles in China:
Relevant laws and regulations permit payments of dividends by the PRC subsidiaries and affiliated companies only out of their retained earnings, if any, as determined in accordance with respective accounting standards and regulations. Accordingly, the above balances are not allowed to be transferred to the Company in terms of cash dividends, loans or advances (See also Note 29).
Dividends are recognized when declared. No dividends were declared for the years ended December 31, 2014, 2015 and 2016, respectively. The Group does not have any present plan to pay any dividends on common shares in the foreseeable future. The Group currently intends to retain the available funds and any future earnings to operate and expand its business.
On February 18, 2015, the FASB issued Accounting Standards Update 2015-02, Consolidation (Topic 810) Amendments to the Consolidation Analysis. The new guidance applies to entities in all industries and provides a new scope exception to registered money market funds and similar unregistered money market funds. It provide new guidance to companies in determining whether an entity is a variable interest entity (VIE), assessing fees paid to a decision maker or a service provider, and consideration of related parties in the economics test. The standard is effective for public business entities for annual periods beginning after December 15, 2015. This new guidance did not have significant impact to the Group's existing structure. In July 2015, the FASB issued Accounting Standards Update 2015-11, Inventory (Topic 330) Simplifying the Measurement of Inventory. The amendments apply to inventory that is measured using the first-in, first-out (FIFO) or average cost method. The main change is in the subsequent measurement guidance from the lower of cost or market to the lower of cost and net realizable value for inventory within the scope of this Update. Market could be replacement cost, net realizable value, or net realizable value less an approximately normal profit margin. An entity should measure inventory within the scope of this Update at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments in this update should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The adoption of this ASU is not expected to have significant impact to the Group’s consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, Income Taxes: Balance Sheet Classification of Deferred Taxes. ASU 2015-17 simplifies the presentation of deferred income taxes, which require the deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. ASU 2015-17 is effective for fiscal years and interim periods within those years beginning after December 15, 2016. . The Group believes that this ASU will have an impact on the Group’s consolidated balance sheet and related disclosures. In January 2016, the FASB issued ASU 2016-01, Financial InstrumentsOverall: Recognition and Measurement of Financial Assets and Financial Liabilities. The new guidance will impact the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the FASB clarified the need for a valuation allowance on deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The accounting for other financial instruments, such as loans, investments in debt securities, and financial liabilities not under the fair value option is largely unchanged. The standard is effective for public business entities for annual periods (and interim periods within those annual periods) beginning after December 15, 2017. The adoption of this ASU is not expected to have significant impact to the Group’s consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The core principle of Topic 842 is that a lessee should recognise the assets and liabilities that arise from leases. A lessee should recognise in the balance sheet a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognise lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. ASU 2016-02 is effective for fiscal years and interim periods within those years beginning after December 15, 2018. Early adoption is permitted. The Group is currently evaluating the impact ASU2016-02 will have on the Group consolidated balance sheet, results of operations, cash flows and related disclosures. On 30 March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The amendments in ASU 2016-09 affect all entities that issue share-based payment awards to their employees and involve multiple aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. All excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) should be recognized as income tax expense or benefit in the income statement. The tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity also should recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. Tax benefits should be classified along with other income tax cash flows as an operating activity. An entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (consistent with current GAAP) or account for forfeitures when they occur. Under current GAAP, one of the requirements for an award to qualify for equity classification is that an entity cannot partially settle the award in cash in excess of the employer's minimum statutory withholding requirements. Under ASU 2016-09, the threshold to qualify for equity classification permits withholding up to the maximum statutory tax rates in the applicable jurisdictions. Cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity. For public business entities, ASU 2016-09 is effective for annual periods beginning after 15 December 2016, and interim periods within those annual periods. The Group is currently evaluating the impact ASU2016-09 will have on the Group consolidated balance sheet, results of operations, cash flows and related disclosures. The FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force), on August 26, 2016, and ASU 2016-18, Statement of Cash Flows (Topic 230), Restricted Cash (a consensus of the Emerging Issues Task Force), on November 17, 2016. The new guidance is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. For public business entities, both ASUs are effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the guidance is effective for financial statements issued for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted for ASU 2016-18. Early adoption is also permitted for ASU 2016-15 provided that all of the amendments are adopted in the same period. Both ASUs require application using a retrospective transition method. The Group is currently evaluating the impact ASU2016-15 and ASU2016-18 will have on the Groups consolidated balance sheet, results of operations, cash flows and related disclosures. In 2016, the FASB and IASB issued several amendments and clarifications to the new revenue standards, primarily as a result of issues raised by stakeholders and discussed by the Transition Resource Group. Amendments were made to the guidance related to the principal versus agent assessment, identifying performance obligations, accounting for licenses of intellectual property, and other matters (such as the definition of completed contracts at transition, the addition of new practical expedients, and various technical corrections). As amended, the FASB's standard is effective for public entities for the first interim period within annual reporting periods beginning after December 15, 2017 (nonpublic companies have an additional year). The FASB’s standard will allow early adoption, but no earlier than the original effective date for public entities (reporting periods beginning after December 15, 2016). The IASB’s standard, as amended, is effective for the first interim period within annual reporting periods beginning on or after January 1, 2017, with early adoption permitted. The Group is currently evaluating the impact that will have on the Groups consolidated balance sheet, results of operations, cash flows and related disclosures. In January 2017, the FASB issued Accounting Standards Update (“ASU”) No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The standard should be applied prospectively on or after the effective date. The Group is currently evaluating the impact ASU2017-01 will have on the Groups consolidated balance sheet, results of operations, cash flows and related disclosures. In January 2017, the FASB issued Accounting Standards Update (“ASU”) 2017-04, “Simplifying the Test for Goodwill Impairment.” The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The guidance should be adopted on a prospective basis for the annual or any interim goodwill impairment tests beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Group is currently evaluating the impact ASU2017-04 will have on the Groups consolidated balance sheet, results of operations, cash flows and related disclosures. |
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- References No definition available.
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- Definition The entire disclosure for all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Discontinued operations |
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Discontinued operations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued operations |
In July 2015, the Company completed the divesture of the Company’s entire stake in its online video streaming platform, Xunlei Kankan to Beijing Nesound International Media Corp., Ltd., an independent third party. The total sales price was RMB 130,000 thousand (USD 21,183 thousand). The disposal is due to a shift of strategy focusing on the Group’s most competitive operations. Assets and liabilities related to Xunlei Kankan were reclassified as assets/liabilities held for sale as of December 31, 2014, while results of operations related to Xunlei Kankan, including comparatives, were reported as loss from discontinued operations.
The disposal of the online video streaming platform was completed on July 15, 2015 and a gain of USD1,505 thousand was recognized. |
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- References No definition available.
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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Cash and cash equivalents |
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Cash and cash equivalents [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents |
Cash and cash equivalents represent cash on hand, cash held at bank, and time deposits placed with banks or other financial institutions, which have original maturities of three months or less. Cash on hand and cash held at bank balance as of December 31, 2015 and 2016 primarily consist of the following currencies:
Time deposits with original maturities of three months or less as of December 31, 2015 and 2016 primarily consist of the following currencies:
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- References No definition available.
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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Short-term investments |
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Short-term investments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||
Short-term investments | 5. Short-term investments
Time deposits and investments in financial instruments are stated on the balance sheet at the principal amount plus accrued interest. Interest income is recorded in “other income” in the statement of comprehensive income. |
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- References No definition available.
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- Definition The entire disclosure for all short-term investments of the reporting entity. No definition available.
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Accounts receivable, net |
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Accounts receivable, net |
The accounts receivable that was fully reserved as of December 31, 2015 and 2016 was USD 0.1 million and USD 0.1 million, respectively. The following table presents movement in the allowance for doubtful accounts:
The top 10 customers accounted for about 39% and 76% of accounts receivable as of December 31, 2015 and 2016, respectively. |
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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Prepayments and other assets |
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Prepayments and other assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prepayments and other assets |
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- References No definition available.
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- Definition The note disclosure of carrying amount as of the balance sheet date of amounts paid in advance which will be charged against earnings in periods after one year or beyond the operating cycle, if longer; deposits transferred to third parties for security purposes that are expected to be returned or applied towards payment after one year or beyond the operating cycle, if longer; and aggregate carrying amount of other noncurrent assets not separately disclosed in the balance sheet that are expected to be realized or consumed after one year (or the normal operating cycle, if longer). No definition available.
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Property and equipment |
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Property and equipment |
Property and equipment consist of the following:
Depreciation expense recognized for the years ended December 31, 2014, 2015 and 2016 are summarized as follows:
No impairment loss had been recognized for the years ended December 31, 2014, 2015 and 2016. |
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- References No definition available.
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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Intangible assets, net |
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Intangible assets, net [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible assets, net |
Amortization expense recognized for the years ended December 31, 2014, 2015 and 2016 are summarized as follows:
The estimated aggregate amortization expense for each of the next five years as of December 31, 2016 is:
The weighted average amortization periods of intangible assets as at December 31, 2015 and 2016 are as below:
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- References No definition available.
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- Definition The entire disclosure for all or part of the information related to intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Inventories |
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Inventories [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventories | 10. Inventories
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- References No definition available.
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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Long-term investments |
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Long-term investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term investments |
Details of the Group’s ownership are as follows:
In 2016, the Group also made equity investments in seven unrelated privately-held companies for aggregate consideration of USD 28,242 thousand. The shares held by the Group are not in-substance common stock and therefore the Group accounted for these investments according to ASC 320 as equity activities using the cost method. In addition, the Group increased its investment in Cloudtropy from 1.13% to 9.69% equity interest at a consideration of USD 3,780 thousand. The Group also participated in a new round of financing of Xiamen Diensi to the extent of USD 700 thousand while the Group’s equity interest in Xiamen Diensi diluted from 15% to 14.25% by other investors.
In 2016, in addition to a dilution gain arising from deemed disposal of equity investment in Guangzhou Yuechuan of USD 69 thousand (note 11(iii)), the Group also recorded dilution gains from cost methods investments in Xiamen Diensi, Meizhi Interactive, Chengdu Diting and Kushiduo of USD 100 thousand, USD 84 thousand, USD 248 thousand and USD 188 thousand, respectively arising from the sale of shares by these investees at a price in excess of the per share carrying value of the shares owned by the Group.
In 2016, in addition to impairment of RenJian RenAi (note 11 (iii)), the Group also recognized impairment against its investments in Guangzhou Wucai, Suzhou Heidisi, and Shanghai Guozhi of USD 301 thousand, USD 597 thousand and USD 526 thousand, respectively after considering the latest operation status and financial and liquidity position. |
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- Definition The entire disclosure for cost method and equity method investments included basis, impairment losses, recognized or unrecognized gains (losses). No definition available.
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- References No definition available.
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Deferred revenue and income |
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Deferred revenue and income [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred revenue and income |
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- References No definition available.
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- Definition The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Accrued liabilities and other payables |
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Accrued liabilities and other payables [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued liabilities and other payables |
note a: Receipts in advance from customers represents prepayment from a customer in respect of CDN and advertisements services. |
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- Definition The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period. No definition available.
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- References No definition available.
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Cost of revenues |
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Cost of revenues [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost of revenues |
Note: gaming revenue sharing costs and others mainly include gaming sharing costs, cost of ZQB and cost of live video. |
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- Definition The entire disclosure for recognition of costs in the period which correspond to the sales and revenue categories presented in the statement of operations. No definition available.
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Redeemable convertible preferred shares |
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Redeemable convertible preferred shares |
Series D convertible redeemable preferred shares On January 31, 2012, the Company entered into an agreement to issue Series D preferred shares and warrants to a third-party investor for a total consideration of USD37,500 thousand. Pursuant to the agreement, the company issued 10,580,397 series D preferred shares at USD 3.544 per share; and warrants to purchase 2,218,935 Series D preferred shares at USD 3.38 per share at the option of the holders. In addition, the third-party investor also purchased a total of 5,036,367 existing shares directly from other then existing shareholders and they were entitled to the same rights as attached to the respective classes of existing shares. The key terms of the Series D preferred shares were as follows: Dividend rights The holders of the Series D preferred shares were entitled to participate in any dividend pari passu with common shareholders of the Company on an as-converted basis. Liquidation preferences Amount shall be paid to Series D holders before any distribution or payment shall be made to the holders of Series A, Series A-1, Series B and C Preferred Shares. If asset for distribution is insufficient to pay off Series D holders, the assets shall be distributed among the holders of Series D in proportion to the full amounts to which they would otherwise be respectively entitled thereon on an as-converted basis. Upon issuance of Series E preferred shares, the liquidation preference of Series D preferred shares was amended. Before any distribution or payment shall be made to the Series A, A-1, B and C shareholders (for the purpose of this clause, such holders did not include Skyline Global Company Holdings Limited (‘‘Skyline Holdings’’, or ‘‘Series D Investor’’), the Series D holder, who also held any Series A, A-1, B and any other Junior Securities) an amount shall be paid with respect to each share held by Skyline Holdings equal to original issue price. Voting rights The holders of the Series D preferred shares shall be entitled to such number of votes equal to the whole number of common shares into which such Series D preferred shares are convertible. Conversion rights Each share of the Series D preferred shares was convertible at the option of the holder, at any time after the issuance of such shares, and each share can be converted into one common share of the Company. The conversion was subject to adjustments for certain events, including but not limited to additional equity securities issuance, reorganization, mergers, share dividends, distribution, subdivisions, redemptions, combinations, or consolidation of common shares. The conversion price was also subject to adjustment in the event the Company issues additional common shares at a price per share that is less than such conversion price. In such case, the conversion price shall be reduced to adjust for dilution on a weighted average basis. In addition, each share of the Series D preferred shares would automatically be converted into common shares of the Company (i) upon the closing of an initial public offering of the Company’s shares or (ii) upon written notice to convert given to the Company by the holders of a majority of Series D preferred shareholders. Redemption Right The Series D preferred shares were redeemable at any time after the 4th anniversary of the initial closing of February 6, 2012 to request the Company to purchase all Series D preferred shares and shares issuable upon the conversion or exercise of the Series D warrants if an initial public offering is not consummated. This redemption right expires after the 5th anniversary of the initial closing of the transaction. The redemption price shall be equal to the aggregate amount of price paid at USD3.544, plus all declared but unpaid dividends up to the date of redemption plus interest of 8% per annum compounded annually from the closing of the Series D preferred shares investment(“Initial Closing”) up to and including the date of redemption. The Company had determined that the Series D preferred shares should be classified as mezzanine equity. The Series D warrant is initially measured at its fair value and the initial carrying value for Series D preference shares is allocated on a residual basis as it was liability classified. The initial carrying value for Series D preference shares was USD 32,481 thousand, and the related capitalized expense was USD2,012 thousand. There were no beneficial conversion features for the Series D preferred shares. The carrying value of the preferred shares was accreted from its carrying value on the date of issuance to the redemption value using effective interest method from date of issuance to the earliest redemption date. The accretion was recorded against retained earnings, or in the absence of retained earnings, by charging against additional paid-in capital. Once additional paid-in capital had been exhausted, additional charges were recorded by increasing the accumulated deficit. The Company had determined that conversion and redemption features embedded in the Series D convertible redeemable preferred shares were not required to be bifurcated and accounted for as a derivative. Series D Warrants The holder of Series D warrants had the right to exercise the warrants at the earlier of (i) 24 months from date of Initial Closing or (ii) automatically exercised immediately prior to the closing of the following transactions: (a) mergers or consolidation of the Company, b) initial public offering, c) transaction in which in excess of 50% of the Company’s equity is transferred to any person, d) sale, transfer, lease, assignment conveyance, exchange, mortgage, or other disposition of all or substantially all of the assets of the Company. The warrants were not entitled to dividend rights nor to vote until the warrants were exercised and shares became issuable. Series D warrants was classified as a liability and initially measured at their fair value at USD 3,007 thousand. As of December 31, 2013, the fair value of Series D warrants was USD 2,186 thousand. For the year ended on December 31, 2012 and 2013, the fair value (loss) / gain recorded were USD 710 thousand and USD 1,531 thousand, respectively. Exchange of Series D warrants and the issuance of Series E warrants The warrants to purchase 1,952,663 and 266,272 Series D preferred shares at USD3.38 per share expired on February 6, 2014 and March 1, 2014, respectively. On the date of the expiration, the warrant was measured at a fair value of USD2,414 thousand. It was agreed that upon issuance of the Series E preferred shares on March 5, 2014, the Company would issue to the Series D investor warrants to purchase 3,406,824 Series E preferred shares with an exercise price of USD2.82. These warrants are exercisable at the option of the holder, at any time, no later than the earlier of (1) the pricing date of the initial public offering of the Company or (2) March 1, 2015. As the warrants were exercised into mezzanine equity, the warrants are classified as a liability and were initially measured at a fair value of USD2,819 thousand. The exchange of the Series D warrants and the issuance of the Series E warrants were considered to be a related transaction and are accounted for as a single transaction because the holder was willing to allow the Series D warrants to expire in contemplation that they would be issued Series E warrants. A loss of USD405 thousand, which was the difference in value of the Series D warrants on the expiration date and the value of the Series E warrants on the issuance date was charged to the income statement in quarter one of 2014. The fair value of the Series D warrants and the Series E warrants was estimated by the Company with the assistance of an independent valuation firm based on the Company’s estimates and assumptions. The valuation report provided the Group with guidelines in determining the fair value, but the determination was made by the Group. The Group applied the Black-Scholes Option Pricing Model to calculate the fair value of the Series D warrant on the valuation date. The major assumptions used in calculating the fair value of the Series D warrants include:
The major assumptions used in calculating the fair value of the Series E warrants include:
Triggering of the anti-dilution clause Upon issuance of Series E preferred shares in March and April 2014, the Company adjusted the Series D conversion price from USD3.5 to USD2.86 per share for 6,771,454 Series D preferred shares held by the Series D Investor. The Company concluded that the downward conversion price adjustment is in accordance with the anti-dilution clause in the original Series D financing agreement. As a result of this anti-dilution, the Company would issue a total of 8,391,850 common shares on a fully-converted basis of the original 6,771,454 Series D preferred shares when the conversion right is exercised by the holder. The downward adjustment of the conversion price did not contain a contingent beneficial conversion feature. For the remaining 3,808,943 Series D preferred shares held by the Series D Investor, the Series D investor agreed to waive the anti-dilution clause as the Series D Investor has planned to sell these shares to the Company upon the issuance of Series E preferred shares in March 2014. The waiver of this anti-dilution clause was accounted for as a modification of the terms of the Series D preferred shares. However, it was determined that the incremental value contributed by the Series D Investor was deemed to be a transfer of value between the preferred shareholders because 1) the change in value of the common shares before and after the modification was deemed to be negligible and 2) the modification of the Series D preferred shares were also made concurrent with the sale of the Series E preferred shares. The Company concluded that this was evidence to suggest that most of the value was transferred from the Series D preferred shareholder to the other existing preferred shareholders. Therefore, no accounting charge was recorded. Upon the completion of the IPO on 24 June 2014, the Company adjusted the Series D conversion price from USD2.86 to USD2.27 per share relating to 6,771,454 Series D preferred shares held by the Series D Investor. The Company concluded that the downward conversion price adjustment is in accordance with the anti-dilution clause in the latest shareholders agreement. As a result of this anti-dilution, the Company would issue a total of 10,581,726 common shares on a fully-converted basis of the original 6,771,454 Series D preferred shares when the conversion right is exercised by the holder. At the time of this anti-dilution, the Series D preferred shares anti-diluted contained a beneficial conversion feature of USD4,008 thousand as a deemed dividend to Series D Investor and charged against retained earnings, and in the absence of retained earnings, a charge to additional paid-in capital. Modification of redemption rights Upon issuance of the Series E preferred shares in March 2014, the Company amended the redemption rights of 6,771,454 Series D preferred shares. The Series D investor shall have the right to request the Company to purchase its shares after February 28, 2017 but no later than February 28, 2018. Prior to the modification, the holder had the right to request the Company to purchase its shares after February 6, 2016 but no later than February 6, 2017. The amendment of the redemption date was accounted for as modification of the terms of Series D preferred shares. The incremental value received by the Series D preferred shareholder amounted to USD279 thousand and was deemed to be a transfer of value between the preferred shareholder and common shareholders and the amount was charged to retained earnings. In determining the accounting for the modification of the Series D preferred shares, the Company estimated the valuation of the Series D preferred shares with the assistance of an independent valuation firm based on the Company’s estimates and assumptions. Option-pricing method was used to allocate enterprise value to preferred and ordinary shares, taking into account the guidance prescribed by the AICPA Audit and Accounting Practice Aid, ‘‘Valuation of Privately-Held Company Equity Securities Issued as Compensation’’. The method treats common stock and preferred stock as call options on the enterprise’s value, with exercise prices determined based on the liquidation preference of the preferred stock. The option-pricing method involves making estimates of the anticipated timing of a potential liquidity event, such as a sale of the Company or an initial public offering, and estimates of the volatility of the Company’s equity securities. The anticipated timing was based on the plans of management. Estimating the volatility of the share price of a privately held company was complex because there is no readily available market for the shares. The Company estimated the volatility of its shares to range from 38.39% to 43.40% based on the historical volatility of comparable publicly traded shares of companies engaged in similar lines of business. Modification of liquidation rights Upon issuance of the Series E preferred shares, the Company amended the liquidation rights of Skyline Holdings’ common shares, Series A preferred shares, Series A-1 preferred shares, and Series B preferred shares (collectively, the ‘‘Series D Investor Shares’’). As a result of this amendment, the Series D Investor Shares had priority to receive proceeds from the Company upon liquidation over the common shares, Series A preferred shares, Series A-1 preferred shares, Series B preferred shares and Series C preferred shares held by other investors. This right given to the Skyline Holdings was non-transferable to a third party. The amendment of the liquidation rights was accounted for as modification of the terms of Series D Investor Shares. However, the incremental value received by Skyline Holdings is deemed to be negligible. No accounting charge was recorded by the Company. Similar to the modification of the Series D preferred shares as stated above, the fair value of the Series D preferred shares was estimated by the Company with the assistance of an independent valuation firm based on the Company’s estimates and assumptions. The Option-pricing method as described above, was also used to account for this modification. The Company estimated the volatility of its shares to range from 38.39% to 43.40% based on the historical volatility of comparable publicly traded shares of companies engaged in similar lines of business. The Group had determined that there was no beneficial conversion feature attributable to the Series D preferred shares because the initial and adjusted effective conversion prices of these preferred shares were higher than the fair value of the Company’s common shares determined by the Group with the assistance from an independent valuation firm. Initial public offering Upon the completion of the IPO on 24 June 2014, the Series D Investor did not exercise Series E warrants, and the fair value of Series E warrants was nil. The fair value gain of USD2,922 thousand was recorded for the year ended December 31, 2014 as other income. As a result, 10,581,726 common shares were issued, and the balance of Series D preferred shares was transferred to common shares and additional paid-in capital on that date.
Series E convertible redeemable preferred shares On March 5, 2014, the Company entered into an agreement to issue Series E preferred shares (the ‘‘Series E Tranche 1 Preferred Shares’’) and warrants to a third-party investor (‘‘Series E Tranche 1 Investor’’) for a total consideration of USD 200 million. Pursuant to the agreement, the Company issued 70,975,491 Series E Tranche 1 Preferred Shares at USD 2.82 per share; and warrants to purchase 17,743,873 Series E preferred shares at USD 2.82 per share at the option of the holders. In addition, within 3 months after the closing, the Series E Tranche 1 Investor shall have the right (‘‘Subscription Rights’’) to purchase, or designate any other person/party to purchase from the Company an additional 35,487,746 Series E preferred shares, at a price equal to USD 2.82 per share. The key terms of the Series E preferred shares were as follows: Dividend rights The holders of the Series E preferred shares were entitled to participate in any dividend pari passu with common shareholders of the Company on an as-converted basis. Liquidation preferences Before any distribution or payment shall be made to the holders of Series A, Series A-1, Series B, Series C and D preferred shares, an amount shall be paid to Series E holders with respect to each Series E preferred share held by the Series E holder equal to 100% of the applicable original issue price. Voting rights The holders of the Series E preferred shares shall be entitled to such number of votes equal to the whole number of common shares into which such Series E preferred shares are convertible. Conversion rights Each of the Series E preferred shares was convertible at the option of the holder, at any time after the issuance of such shares, and each share could be converted into one common share of the Company. The conversion was subject to adjustments for certain events, including but not limited to additional equity securities issuance, reorganization, mergers, share dividends, distribution, subdivisions, redemptions, combinations, or consolidation of common shares. The conversion price was also subject to adjustment in the event the Company issues additional common shares at a price per share that was less than such conversion price. In such case, the conversion price shall be reduced to adjust for dilution on a weighted average basis. In addition, each of the Series E preferred shares would automatically be converted into common shares of the Company (i) upon the closing of an initial public offering of the Company’s shares or (ii) upon written notice to convert given to the Company by the holders of a majority of Series E preferred shareholders. Redemption right The Series E preferred shares were redeemable at the option of the investor any time after March 1, 2018 but not later than March 1, 2019. The redemption price shall be equal to the aggregate amount of price paid per such share pursuant to the share purchase agreement (i.e. USD 2.82), plus interest on the original issue price applicable to each Series E convertible redeemable preferred share at a rate of 15% per annum compounded annually from the issuance date up to and including the date of redemption, plus all declared but unpaid dividends and distributions on any such Shares; If the Company did not have sufficient funds to redeem all of the redeemable shares, the Company shall redeem a pro rata portion of each holder’s redeemable shares out of funds legally available; and redeem the remaining shares as soon as practically after the Company had funds legally available therefor. The Company had determined that the Series E preferred shares should be classified as mezzanine equity in the unaudited condensed consolidated balance sheets because the preferred shares are only contingently redeemable by the holder four years after the issuance date. The carrying value of the preferred shares is accreted from its carrying value on the date of issuance to the redemption value using the effective interest method from date of issuance to the earliest redemption date. The accretion was recorded against retained earnings, or in the absence of retained earnings, by charging against additional paid-in capital. Once additional paid-in capital has been exhausted, additional charges should be recorded by increasing the accumulated deficit. The Company assessed beneficial conversion feature attributable to the Series E Tranche 1 Preferred Shares and determined that there was a beneficial conversion feature with an amount of USD52,377 thousand, which was bifurcated from the carrying value of Series E Tranche 1 Preferred Shares as a contribution to additional paid-in capital upon issuance of Series E Tranche 1 Preferred Shares. The discount of USD52,377 thousand resulting from the recognition of the beneficial conversion feature were amortized from the date of the issuance to the first redemption date of the Series E Tranche 1 Preferred Shares as a deemed dividend to preferred shareholders and charged against retained earnings, and in the absence of retained earnings, a charge to additional paid-in capital. The beneficial conversion feature is calculated based on the difference between an adjusted conversion price of USD2.31 and the Company’s common share fair value of USD3.05 multiplied by the number of shares into which the preferred shares are convertible into. The conversion price was adjusted from USD2.82 to USD2.31 principally because liability classified instruments, such as the warrants and the subscription rights (see below for further information) were issued with the Series E Tranche 1 Preferred Shares. Since the warrants and the subscription rights are classified as liability, the sales proceeds are first allocated to the warrants and the subscription rights’ full fair value (not relative fair value) and the residual amount of the sales process is allocated to the Series E Tranche 1 Preferred Shares to calculate the beneficial conversion feature.
Exchange of Series E Tranche 1 Investor options for transfer restrictions As part of the issuance of the Series E Tranche 1 Preferred Shares, the Series E Tranche 1 Investor and the Company’s founders (who are also employees) and two employees (collectively the ‘‘Grantees’’) of the Company agreed that (i) Series E Tranche 1 Investor will grant to the Grantees the right to purchase certain number of restricted shares of the Series E Tranche 1 Investor’s own shares with a total subscription consideration of not more than USD20 million at a subscription price subscription price per share that reflects the valuation of the Series E Tranche 1 Investor being USD10 billion (the ‘‘Series E Tranche 1 Investor Options’’); and (ii) the Grantees agreed to impose a transfer restriction (the ‘‘Transfer Restrictions’’) on 39,934,162 common shares, 3,394,564 unvested restricted shares, 180,000 unvested options and 180,000 vested options (the ‘‘Shares’’) owned by the Grantees. The Transfer Restrictions prohibit the Grantees from transferring their shares to another person/party until April 24, 2018 or April 24, 2019 as appropriate without the prior written consent of the holders of at least 75% of the Series E Tranche 1 Preferred Shares holders The Series E Tranche 1 Investor Options and the Transfer Restrictions are not tied to the Grantees’ future employment with the Company. The value of the Transfer Restrictions was determined to be significantly greater than the value of Series E Tranche 1 Investor Options. In determining the value of the Transfer Restrictions, the Company was assisted by an independent valuation firm based on data provided by the Company. The valuation of the Transfer Restrictions is estimated to be USD43.3 million (refer to the valuation methodology below). For the valuation of the Series E Tranche 1 Investor Options, the Company was only able to obtain limited financial information from the Series E Tranche 1 Investor, a private company, to perform a valuation analysis. This information includes high level 2013 revenue data and information of a third party investment transaction that valued the Series E Tranche 1 Investor at USD10 billion in August of 2013. Given the lack of financial information, the Company is unable to determine a more precise estimate of the fair value of the Series E Tranche 1 Investor Options on the exchange date. If the fair value of the Series E Tranche 1 Investor Options were worth USD43.3 million, the estimated value of the Transfer Restrictions, the Series E Tranche 1 Investor itself would need to be estimated at a valuation in excess of USD30 billion on March 5, 2014. The Company does not expect the valuation of the Series E Tranche 1 Investor to increase by 200% from USD 10 billion in August 2013 to USD 30 billion in March 2014. Hence, no incremental benefit was given to the Grantees and no compensation expense was recognized. To determine the fair value of the Transfer Restrictions, the Company valued the common shares with the Transfer Restrictions and compared this value to the value of the common shares without the restriction. The difference was determined to be the value of the Transfer Restrictions. A put option pricing model was used to determine the discount to be applied to the common shares to arrive at the value of common shares with the Transfer Restrictions. Pursuant to that model, the Company used the cost of a put option, which can be used to hedge the price change before a share subject to transfer restriction can be sold, as the basis to determine the discount for transfer restrictions. A put option was used because it incorporates certain company-specific factors, including timing of the expected initial public offering or duration of the Transfer Restriction and the volatility of the share price companies engaged in the same industry. Series E Warrants The Series E warrants (‘‘Series E warrants’’) granted to the Series E Tranche 1 Investor is exercisable at the option of the Series E Tranche 1 Investor, at any time, on or after January 1, 2015 and no later than March 1, 2015. The warrants are not exercisable if the Company has completed the initial public offering in the United States by December 31, 2014. The exercise price shall be adjusted from time to time as provided below: proportionate adjustment for issuance of additional common shares, share split and combination, dividend and distributions, reclassification, reorganization, merger, and consolidations. The warrants are not entitled to dividend rights nor to vote until the warrants are exercised and shares become issuable. The Series E warrants are initially measured at its fair value and the initial carrying value for Series E Tranche 1 Preferred Shares is allocated on a residual basis as the warrant is liability classified. The Series E warrants are initially measured at their fair value of USD 6,477 thousand. The fair value of the Series E warrants were estimated by the Company with the assistance from an independent valuation firm based on data provided by the Company. The valuation report provided by the Company with guidelines in determining the fair value, but the determination was made by the Company. The Company applied the Black-Scholes Option Pricing Model to calculate the fair value of the Series E warrants on the valuation date. The major assumptions used in calculating the fair value of the Series E warrants include:
Subscription Rights Within 3 months after March 5, 2014, the Series E Tranche 1 Investor shall have Subscription Rights to purchase, or designate any other person/party to purchase from the Company an additional number of 35,487,746 Series E preferred shares, at a price equal to the purchase price per share (USD 2.82) of the Series E issuance. The exercise price shall be adjusted from time to time as provided below: proportionate adjustment for issuance of additional common shares, share split and combination, dividend and distributions, reclassification, reorganization, merger, and consolidations. The Subscription Rights are not entitled to dividend rights nor to vote until the Subscription Rights have been exercised and shares are issuable. On April 24, 2014, two of the three Series E Tranche 2 Investors exercised the Subscription Rights assigned to them by the Series E Tranche 1 Investor to purchase USD100 million while the third Series E Tranche 2 investor purchased the remaining USD10 million. Upon the exercise of the Subscription Rights, the fair value of the warrant liability of USD 29,223 thousand was derecognized and credited to carrying amount of the Series E Tranche 2 Preferred Shares. The fair value of the Subscription Rights was estimated by the Company with the assistance from an independent valuation firm based on data provided by the Company. The valuation report provided by the Company with guidelines in determining the fair value, but the determination was made by the Company. The Company applied the Black-Scholes Option Pricing Model to calculate the fair value of the Subscription Rights on the valuation date. The Subscription Rights are initially measured at their fair value of USD 28,208 thousand. As of April 24, 2014, the fair value of Subscription Rights was USD 29,223 thousand. The major assumptions used in calculating the fair value of the Subscription Rights include:
Issuance of Series E Tranche 2 Preferred Shares On April 24, 2014, the Company issued Series E convertible redeemable preferred shares (the ‘‘Series E Tranche 2 Preferred Shares’’) to three investors (the ‘‘Series E Tranche 2 Investors’’) to subscribe 39,037,382 Series E Tranche 2 Preferred Shares for a total consideration of USD110 million. The Company assessed the beneficial conversion feature attributable to the Series E Tranche 2 Preferred Shares and determined that there was a beneficial conversion feature with an amount of USD1,109 thousand for the Series E Tranche 2 Preferred Shares of USD10 million issued to one investor. For the remaining Series E Tranche 2 Preferred Shares of USD100 million issued to another two investors, there was no beneficial conversion feature attributable to them. Initial public offering Upon the completion of the IPO on 24 June 2014, the Company adjusted the Series E conversion price from USD2.82 to USD2.4 per share relating to 110,014,440 Series E preferred shares held by the Series E investors. The Company concluded that the downward conversion price adjustment is in accordance with the anti-dilution clause in the latest shareholders agreement. As a result of this anti-dilution, the Company issued a total of 129,166,667 common shares on a fully-converted basis when the conversion right is exercised by the Series E shareholders. The triggering of the anti-dilution clause resulted in a beneficial conversion feature amounted to USD 27,396 thousand which was charged to retained earnings in 2014 as a deemed dividend to Series E shareholders. And the unamortized beneficial conversion features of Series E preferred shares of USD49,346 thousand were recognized upon the completion of the IPO as a deemed dividend to Series E investors and charged against retained earnings, and in the absence of retained earnings, a charge to additional paid-in capital. Upon the completion of the IPO on 24 June 2014, the Series E warrants are not exercisable in future. As a result, the fair value of Series E warrants liability of USD6,381 thousand was derecognized and the related fair value gain was recognized as other income. |
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- Definition The entire disclosure for terms, amounts, nature of changes, rights and privileges, dividends, and other matters related to preferred stock. No definition available.
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- References No definition available.
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Convertible preferred shares |
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Dec. 31, 2016 | |||||||||||||
Convertible preferred shares [Abstract] | |||||||||||||
Convertible preferred shares |
The key terms of the Series A, Series A-1, Series B and Series C preferred shares are as follows: Dividend rights The holders of the Series A, Series A-1, Series B and Series C preferred shares are entitled to participate in any dividend pari passu with common shareholders of the Company on an as-converted basis. Liquidation preferences In the event of a liquidation, dissolution or winding up of the Company, available assets and funds of the Company are distributed to the holders of the preferred shares in order of 1) Series C and Series B which are grouped as one class for the purpose of liquidation preference, 2) Series A-1 and then 3) Series A, at their respective original issuance price per share plus any declared but unpaid dividends adjusted for share splits, share dividends, recapitalizations, and other adjustments. In the event that available assets and funds are insufficient to permit payment to the holders of the less senior class of preferred shares, the assets and funds will be distributed ratably to that class of preferred shareholders based on their proportional share ownership. After the distribution to the holders of Series C and Series B, Series A-1, Series A preferred shares and common shares are made, any remaining legally available assets and funds shall be distributed to the holders of common shares and Series C and Series B, Series A-1 and Series A preferred shares pro rata on an as-converted basis. In addition, the following events are deemed liquidation events in which case any proceeds derived from such deemed liquidation events will be distributed in the order discussed above. If no proceeds are derived from such deemed liquidation events, the Series B preferred shareholders shall have the right to require the Company to repurchase all or any of the outstanding Series B preferred shares at the original issue price.
However, all liquidation events or deemed liquidation event have to be approved by a special resolution passed by a duly convened general meeting of the Company, which require presence of a representative from the common shareholders, a representative from Series A-1 preferred shareholders and a representative from Series B preferred shareholders. Accordingly, the Company determined that the deemed liquidation events are within the control of the Company and the Series B preferred shareholders do not have control of the Company. Therefore, the deemed liquidation events do not preclude the Series B preferred shares from being classified within permanent equity. Voting rights The holders of the Series A, Series A-1, Series B and Series C preferred shares shall be entitled to such number of votes equal to the whole number of common shares into which such Series A, Series A-1, Series B and Series C preferred shares are convertible. Conversion rights Each share of the Series A, Series A-1, Series B and Series C preferred shares is convertible at the option of the holder, at any time after the issuance of such shares, and each share can be converted into one common share of the Company. In addition, each share of the Series A, Series A-1, Series B and Series C preferred shares would automatically be converted into common shares of the Company upon (i) an underwritten public offering of the company’s shares on major stock exchanges, including Nasdaq Global Market that results in proceeds to the Company of at least USD 50 million (“QIPO”) or (ii) upon written notice to convert given to the Company by the holders of a majority of such class or series of preferred shares in issue, in each case voting as a separate class on an as converted basis, as applicable. At the time of issuance, the Series A preferred shares issued to one of the shareholders in 2005 contained a beneficial conversion feature of USD 54 thousand and the amount was charged to retained earnings in 2005 as a deemed dividend. At the time of anti-dilution, the Series C preferred shares anti-diluted in 2012 contained a beneficial conversion feature of USD 286 thousand and the amount was charged to retained earnings in 2012 as a deemed dividend. There were no beneficial conversion features for the other issuance. In April, 2011, the Company removed the USD 50 million threshold from the definition of QIPO. The removal of the threshold is not expected to have a significant impact to the financial statements of the Company. None of the preferred shares are redeemable at the holders’ option. Modification in 2012 Upon issuance of Series D preferred shares in January 2012 as discussed in note 15, the Company adjusted the Series C conversion price from USD5.24 to USD4.14 per share; and obtained an exclusive option to purchase at any time within 12 months after the date of the conversion for all, but not less than all, of Series C preferred shares at the purchase price of USD4.607 per common share. The Series C conversion price could be adjusted for any share dividends, sub-division and consolidation, and unpaid dividend. As a result of this modification, the Company would issue a total of 7,248,293 common shares on a fully-converted basis of the original 5,728,264 Series C preferred shares when the conversion right is exercised by the holder. Other terms of the Series C preferred shares including the original liquidation rights remained unchanged. The Company concluded that the downward conversion price adjustment from USD 5.24 to USD 5.13 is in accordance with the anti-dilution clause in the original Series C financing agreement. The incremental downward price adjustment from USD 5.13 to USD 4.14 and the right to an exclusive purchase option are accounted for as modifications of the terms of Series C preferred shares. The incremental value contributed by the Series C preferred shareholder amounted to USD 2,905 thousand and was deemed to be a wealth transfer between the preferred shareholder and common shareholders and the amount was charged to additional paid-in capital. In determining the accounting for the modification of the Series C preferred shares, the Group also relied on, in part, a valuation report retrospectively prepared by an independent valuer based on data provided by the Group. The valuation report provided the Group with guidelines in determining the fair value, but the determination was made by the Group. Option-pricing method was used to allocate enterprise value to preferred and ordinary shares, taking into account the guidance prescribed by the AICPA Audit and Accounting Practice Aid, “Valuation of Privately-Held Company Equity Securities Issued as Compensation”. The method treats common stock and preferred stock as call options on the enterprise’s value, with exercise prices determined based on the liquidation preference of the preferred stock. The option-pricing method involves making estimates of the anticipated timing of a potential liquidity event, such as a sale of the Company or an initial public offering, and estimates of the volatility of the Group’s equity securities. The anticipated timing is based on the plans of management. Estimating the volatility of the share price of a privately held company is complex because there is no readily available market for the shares. The Group estimated the volatility of its shares to range from 55.36% to 59.91% based on the historical volatility of comparable publicly traded shares of companies engaged in similar lines of business. Modification in 2014 In January of 2014, the Company modified the anti-dilution terms relating to 5,613,699 Series C preferred shares held by one investor (‘‘Series C Investor 1’’). The modification effectively amended the anti-dilution triggering price from USD4.14 to USD2.81 per share. The incremental downward trigger price adjustment from USD 4.14 to USD 2.81 is accounted for as modifications of the terms of Series C preferred shares. The incremental value contributed by the Series C preferred shareholder was deemed to be a transfer of value between the preferred shareholders because the change in the value of the common shares before and after the modification was deemed to be negligible. The Company concluded that this was evidence to suggest that most of the value was transferred from this Series C preferred shareholder to the other existing preferred shareholders. No accounting charge was recorded by the Company. Triggering of the anti-dilution clause Upon issuance of Series E preferred shares in March and April 2014, the Company adjusted the Series C conversion price from USD4.14 to USD3.64 and from USD3.64 to USD3.63 per share relating to 114,565 Series C preferred shares held by one investor (‘‘Series C Investor 2’’), respectively. The Company concluded that the downward conversion price adjustment is in accordance with the anti-dilution clause in the original Series C financing agreement. As a result of this anti-dilution, the Company would issue a total of 165,236 common shares on a fully-converted basis of the original 114,565 Series C preferred shares when the conversion right is exercised by the holder. At the time of this anti-dilution, the Series C preferred shares anti-diluted in 2014 contained a beneficial conversion feature of USD 58 thousand and the amount was charged to retained earnings in 2014 as a deemed dividend. The issuance of the Series E Tranche 1 Preferred Shares did not triggered the anti-dilution term of Series C Investor 1 as their shares were modified as described above. Upon the completion of the IPO on 24 June 2014, the Company adjusted the Series C conversion price from USD4.14 to USD3.89 and from USD3.63 to USD3.45 per share relating to 5,613,699 Series C preferred shares held by Series C Investor 1 and 114,565 Series C preferred shares held by Series C Investor 2, respectively. The Company concluded that the downward conversion price adjustment is in accordance with the anti-dilution clause in the latest shareholders agreement. As a result of this anti-dilution, the Company issued a total of 7,724,419 common shares on a fully-converted basis when the conversion right is exercised by the Series C shareholders. The triggering of the anti-dilution clause resulted in a beneficial conversion feature amounted to USD 1,403 thousand as a deemed dividend to Series C shareholders and charged against retained earnings, and in the absence of retained earnings, a charge to additional paid-in capital. As a result, 96,024,567 common shares were issued, and the balance of Series A, Series A-1, Series B and Series C preferred shares was transferred to common shares and additional paid-in capital on the same date. |
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- References No definition available.
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- Definition Convertible Preferred Stock [Text Block] No definition available.
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Common shares |
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Equity [Abstract] | ||||
Common shares |
The Company’s Memorandum and Articles of Association authorizes the Company to issue 1,000,000,000 shares of USD0.00025 par value per common share as of December 31, 2016. Each common share is entitled to one vote. The holders of common shares are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, which is subject to the approval by the holders of the common shares representing a majority of the aggregate voting power of all outstanding shares. As of December 31, 2015 and 2016, there were 339,319,115 and 330,545,000 common shares outstanding, respectively. |
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Repurchase of shares |
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Repurchase of shares |
The following table is a summary of the shares repurchased by the Company during 2016 under the Repurchase Program. No shares were repurchased during 2016 except during the months indicated and all shares were purchased through privately negotiated transactions as a mean of exercising share options from Xunlei’s employees and publicly purchasing from the open market pursuant to the Repurchase Program:
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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. No definition available.
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- References No definition available.
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Non-controlling interest |
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Non-controlling interest [Abstract] | ||||
Non-controlling interest |
Non-controlling interest includes the interest owned by a shareholder of the Company in a subsidiary of the consolidated VIE. In February 2010, Shenzhen Xunlei set up a new subsidiary named Xunlei Games Development (Shenzhen) Co., Ltd. (“Xunlei Games”) and holds 70% of its equity interest. A shareholder of the Company contributed RMB 3,000 thousand (equivalent to USD439 thousand) and holds 30% equity interest in Xunlei Games, which was accounted for as a non-controlling interest of the Group. |
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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Share-based compensation |
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Share-based compensation |
2010 share incentive plan During the years presented, the Company granted share options to employees, officers and directors of the Group. These options were granted with exercise prices denominated in the USD, which is the functional currency of the Company. The maximum term of any issued stock option is seven or ten years from the grant date. Stock options granted to employees and officers vest over a four-year schedule as stated below:
Stock options granted to directors were subject to a vesting schedule of approximately 32 months. All share-based payments to employees are measured based on their grant-date fair values. Compensation expense is recognized on a straight-line basis over the requisite service period. In December 2010, the Group adopted a share incentive plan, which is referred to as the 2010 Share Option Plan (“the 2010 Plan”). The purpose of the plan is to attract and retain the best available personnel by linking the personal interests of the members of the board, employees, and consultants to the success of the Group’s business and by providing such individuals with an incentive for outstanding performance to generate superior returns for our shareholders. Under the 2010 Plan, the maximum number of shares in respect of which options, restricted shares, or restricted share units may be granted is 26,822,828 shares (excluding the share options previously granted to the directors who are the founders of the Company). The amount of shares available for such grants as of December 31, 2016 is 4,677,465. On June 11, 2014, our board of directors decided to extend the contractual life for certain vested share options to June 11, 2015, because the maturity date of these options was from June to December in 2014, whereas, the lock-up period for the shares was 6 months from the IPO closing date, i.e. June 24, 2014, which would result in the expiration of these options before the exercise. The incremental share-based compensation of USD768 thousand is recognized at the time of modification. In the business combination of personal cloud storage business completed on September 5, 2014, the Group granted share options under the 2010 Plan to replace the unvested awards owned by the employees who are transferred to the Group, the portion of the fair-value-based measure of the replacement award attribute to pre-combination service of USD 303 thousand was allocated to the consideration, while the portion attribute to post-combination service of USD44 thousand was recorded as share based compensation expense over the remaining vesting period. On December 1, 2014, our board of directors approved the conversion of certain vested and unvested share options with relatively high exercise price into restricted shares. In this conversion, 3,776,711 share options were cancelled and 1,505,787 restricted shares were granted. The incremental share-based compensation of USD 2,214 thousand is recorded over the remaining vesting period of 2 to 4.5 years. In November 2014, the Company issued to a depositary bank for American Depositary Shares, 10,000,000 common shares, which were reserved for the future exercise of share options or vesting of restricted shares. The following table summarizes the share option activity for the years ended December 31, 2014, 2015 and 2016:
A summary of the restricted shares activities under the 2010 Plan for the years ended December 31, 2016 is presented below:
Forfeitures are estimated at the time of grant. If necessary, forfeitures are revised in subsequent periods if actual forfeitures differ from those estimates. Based upon the Company’s historical and expected forfeitures for stock options granted, the directors of the Company estimated that its future forfeiture rate would be 20% for employees and nil for directors and advisors. The aggregate intrinsic value in the table above represents the difference between the estimated fair value of the Company’s common shares as of December 31, 2015 and 2016 and the exercise price. Total fair values of share options vested as of December 31, 2015 and 2016 were USD 6,297 thousand and USD 6,831 thousand, respectively. As of December 31, 2015 and 2016, there were USD 1,147 thousand and USD 1,358 thousand of unrecognized share-based compensation costs related to share options, which were expected to be recognized over a weighted-average vesting period of 4.03 and 3.20 years, respectively. To the extent the actual forfeiture rate is different from the Company’s estimate, the actual share-based compensation related to these awards may be different from the expectation. The Black-Scholes option pricing model is used to determine the fair value of the stock options granted to employees. The fair values of stock options granted during the years ended December 31, 2014 and 2015 were estimated using the following assumptions: Options granted to employees
2013 share incentive plan In November 2013, the Group adopted a share incentive plan, which is referred to as the 2013 Share Incentive Plan (“the 2013 Plan”). The purpose of the plan is to motivate, attract and retain the best available personnel by linking the personal interests of senior management to the success of the Group’s business. The Group appointed Leading Advice Holdings Limited (“Leading Advice”), a BVI company owned by the Group’s chairman and chief executive officer for no consideration, to administer the plan and as the Administrator. Leading Advice has no activities other than administering the plan and does not have employees. The Group has considered whether Leading Advice is a variable interest entity and, if so, whether the Group is the primary beneficiary. The Group concluded that it is not the primary beneficiary of Leading Advice. On behalf of the Group, the Administrator has the authority to select the eligible participants to whom awards will be granted: determine the types of awards and the number of shares covered: establish the terms, conditions and provisions of such awards; cancel or suspend awards; and, under certain conditions to accelerate the exercisability of awards. The Administrator is authorized to interpret the 2013 Plan; to establish, amend, and rescind any rules and regulations relating to the 2013 Plan; to determine the terms of agreements entered into with recipients under the 2013 Plan; and, to make all other determinations that may be necessary or advisable for the administration of the 2013 Plan. In the event of any disagreement between the Group and Leading Advice, the Group’s decision shall be final and binding. In November 2013, the Company issued 9,073,732 common shares to Leading Advice. Although the shares were legally issued to Leading Advice, Leading Advice does not have any of the rights of a typical common share holder. Leading Advice 1) is not entitled to dividends 2) does not have the right to vote prior to vesting and 3) does not have the right to sell the unvested portion of the awards or awards that have not been granted. In addition, upon 1) the liquidation of Leading Advice 2) the dissolution of Leading Advice and 3) the expiration of the 2013 Plan, common shares not granted as awards shall be transferred back to the Group at no consideration. Given the structure of this arrangement, while the common shares have been legally issued, the common shares issued to Leading Advice do not have the attributes of unrestricted, issued and outstanding shares. Therefore, the 9,073,732 common shares issued to Leading Advice are accounted as treasury shares until these common shares are earned by the senior management or employees for service provided to the Group. For the awards that have been granted and become vested, Leading Advice held shares for the grantees’ benefit and exercise the voting rights on their behalf. The grantees will be entitled to dividends and have the right to request Leading Advice to transfer vested award to a transferee designated by the grantees. Shares that have been granted and vested continued to be held by and voting rights exercised by Leading Advice on behalf of the grantee at the closing of a QIPO. Before the closing of a QIPO, the Company would have a “right of first refusal” with respect to any proposed transfer of vested restricted shares. After the closing of a QIPO, vested restricted shares may not be sold or transferred for a period of six months or a period of time determined by the underwriter (the ‘‘lock up period’’). If the grantee terminates its employment prior to the closing date of a QIPO and a trade sale, the Group would have the right to acquire the vested restricted shares from the senior officer at a market price as determined by third-party valuation experts. Upon the closing of IPO, the administrator of the 2013 Plan was changed from Leading Advice to the Company’s compensation committee. Under the 2013 Plan, the maximum number of restricted shares that may be granted is 9,073,732 shares. As of December 31, 2016, 8,664,980 (2015: 7,987,435) restricted shares were granted to certain officers and employees of the Group.
A summary of the restricted shares activities under the 2013 Plan for the years ended December 31, 2014, 2015 and 2016 is presented below:
Forfeitures are estimated at the time of grant. If necessary, forfeitures are revised in subsequent periods if actual forfeitures differ from those estimates. All restricted shares granted to senior officers are measured based on their grant-date fair values. Compensation expense is recognized on a straight-line basis over the requisite service period. As of December 31, 2016, total unrecognized compensation expense relating to the restricted shares was USD 10,138 thousand. 60,000 restricted shares were issued to non-employees and vested as of December 31, 2016. 2014 share incentive plan In April 2014, the Group adopted a share incentive plan, which is referred to as the 2014 Share Incentive Plan (“the 2014 Plan”). The purpose of the plan is to motivate, attract and retain the best available personnel by linking the personal interests of senior management to the success of the Group’s business. Under the 2014 Plan, the maximum number of restricted shares that may be granted is 14,195,412 shares to certain officers, directors or employees of, or advisors or consultants to the Company and its subsidiaries and consolidated affiliated entities. The company issued 14,195,412 common shares to Leading Advice, a company owned by the Group’s chairman and chief executive officer. The issuance of common shares was to facilitate the administration of the 2014 plan. The 2014 Plan was administered by the Company’s compensation committee. As of December 31, 2016, 14,536,000 restricted shares were granted to certain officers and employees of the Group:
A summary of the restricted shares activities under the 2014 Plan for the years ended December 31, 2015 and 2016 is presented below:
Forfeitures are estimated at the time of grant. If necessary, forfeitures are revised in subsequent periods if actual forfeitures differ from those estimates. All restricted shares granted are measured based on their grant-date fair values. Compensation expense is recognized on a straight-line basis over the requisite service period. As of December 31, 2016, the total unrecognized compensation expense relating to the restricted shares was USD 12,416 thousand. 60,000 restricted shares were issued to non-employees and vested as of December 31, 2016. Total compensation costs recognized for the years ended December 31, 2014, 2015 and 2016 are as follows:
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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Basic and diluted net income / (loss) per share |
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Basic and diluted net (loss) / income per share |
Basic and diluted net income/ (loss) per share for the years ended December 31, 2014, 2015 and 2016 are calculated as follows:
The following common shares equivalents were excluded from the computation of diluted net income per common share for the periods presented because including them would have had an anti-dilutive effect:
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- References No definition available.
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- Definition The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Related party transactions |
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Related party transactions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related party transactions |
The table below sets forth the related parties and their relationships with the Group:
During the years ended December 31, 2014, 2015 and 2016, significant related party transactions were as follows:
note a The Company obtained an exclusive game operation right from Zhuhai Qianyou, which is specialized in developing online games. According to the agreement, the Company will share revenues derived by the licensed games with Zhuhai Qianyou. note b In 2016, Shenzhen Onething Technology entered into a contract with Millet Communication Technology for the provision of bandwidth to Millet Communication Technology at a mutually agreed price. note c In 2014, the Group repurchased 3,860,733 common shares from Aiden & Jasmine Limited (Co founder’s company) for USD10,879 thousand and 10,334,679 common shares from Vantage Point Global Limited (Founder’s company) for USD29,121 thousand. According to the repurchase contract, the Company was entitled to an amount (the “Withheld Price”) to withhold any taxes with respect to this repurchase as required under the applicable laws. If the Sellers (Aiden & Jasmine Limited and Vantage Point Global Limited) have not been specifically required by the applicable governmental or regulatory authority to pay any taxes as required under the applicable laws in connection with the repurchase, after the fifth anniversary of the Closing Date, the Company will pay to the Sellers the Withheld Price with a simple interest thereon at the rate of five percent (5%) per annum (the “repayment price”) from the Closing Date. Therefore, the Withheld Price for Aiden & Jasmine Limited and Vantage Point Global Limited was USD 1,125 thousand (including interest of USD 37 thousand) and USD 3,012 thousand (including interest of USD 100 thousand) respectively. The interest accrued in 2016 was USD 54 thousand and 146 thousand for Aiden & Jasmine Limited and Vantage Point Global Limited respectively. As of December 31, 2014, 2015 and 2016, the amounts due to / from related parties were as follows:
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Taxation |
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Taxation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Taxation |
Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gains. Additionally, upon payment of dividends by the Company to its shareholders, no Cayman Islands withholding tax will be imposed.
The PRC enterprise income tax is calculated based on the taxable income determined under the PRC laws and accounting standards. On March 16, 2007, the PRC National People’s Congress promulgated the EIT Law, adopting a unified EIT rate of 25%. In addition, the EIT Law also provides a five-year transitional period starting from its effective date for those enterprises that were established before the date of promulgation of the EIT Law and that were entitled to preferential income tax rates under the then effective tax laws or regulations. On December 26, 2007, the State Council issued the “Circular for Implementation of the Transitional Preferential Policies for the Enterprise Income Tax.” Pursuant to this Circular, the transitional income tax rates for enterprises established in the Shenzhen Special Economic Zone before March 16, 2007 were 18%, 20%, 22%, 24% and 25% for 2008, 2009, 2010, 2011 and 2012, respectively. Thus, the applicable EIT rate for Giganology Shenzhen, the VIE and its subsidiaries, which were established in the Shenzhen Special Economic Zone before March 16, 2007, was 25% for each of the years 2014, 2015 and 2016. On April 14, 2008, relevant PRC governmental regulatory authorities released further qualification criteria, application procedures and assessment processes for meeting the High and New Technology Enterprise, or HNTE status under the EIT Law which would entitle qualified and approved entities to a favorable statutory tax rate of 15%. In April 2009, the State Administration for Taxation, or SAT, issued Circular Guoshuihan 2009 No. 203 stipulating that entities qualified for the HNTE status should apply with the relevant tax authorities to enjoy the reduced EIT rate of 15% provided under the EIT Law starting from the year when the HNTE certificate becomes effective. In addition, an entity qualified for the HNTE status can continue to enjoy its remaining tax holiday from January 1, 2008 provided that it has obtained the HNTE certificate according to the new recognition criteria set by the EIT Law and the relevant regulations. In February 2011, Shenzhen Xunlei obtained the HNTE certificate and has renewed the HNTE certificate in September 2014 for the years ended December 31, 2015, 2016 and 2017, which enables Shenzhen Xunlei to enjoy the preferential tax rate of 15% for the years of 2015, 2016 and 2017. According to a policy of the PRC State tax bureau, enterprises that engage in research and development activities are entitled to claim 150% of the research and development expenses incurred in a year as tax deductible expenses in determining their tax assessable profits for that year, or Super Deduction. Shenzhen Xunlei has been claiming this Super Deduction in ascertaining its tax assessable profits and brought forward tax losses from 2009 onwards. In addition, following the approval by the relevant tax authority in July 2010, Shenzhen Xunlei was recognized as an enterprise engaged in software development activities. Accordingly, it is entitled to a tax holiday of 2-year Exemption and 3-year 50% Reduction from 2010 onwards. In December 2013, Shenzhen Xunlei obtained the certificate of the Key Software Enterprise for the years ended December 31, 2013 and 2014, which enables Shenzhen Xunlei to enjoy the preferential tax rate of 10% for the year of 2013 and 2014. As a result, the applicable tax rate of Shenzhen Xunlei for the years ended December 31, 2014, 2015 and 2016 were 10%, 15% and 15%, respectively. Xunlei Computer was established in 2011 in the Shenzhen Special Economic Zone, the PRC. As approved by the relevant tax authority in June 2013, Xunlei Computer was further exempted from EIT for two years commencing from its first year of profitable operation after offsetting prior years’ tax losses, followed by a 50% reduction for the next three years (“2-year Exemption and 3-year 50% Reduction”). The first year of profit operation of Xunlei Computer is 2013. Shenzhen Onething was established in 2013 in the Shenzhen Special Economic Zone, the PRC. In 2015, Shenzhen Onething filed for the Qianhai Enterprise, which enables Shenzhen Onething to enjoy the preferential tax rate of 15% as long as it continues to file for Qianhai Enterprise in subsequent years until December 31, 2020. As a result, the applicable tax rate of Shenzhen Onething for the year ended December 31, 2016 was 15%. The Group’s other subsidiaries and VIE’s subsidiaries, which were established after January 1, 2008, are subject to EIT at a rate of 25%. In addition, according to the EIT Law and its implementation rules, foreign enterprises, which have no establishment or place in the PRC but derive dividends, interest, rents, royalties and other income (including capital gains) from sources in the PRC are subject to PRC withholding tax, or WHT, at 10% (a further reduced WHT rate may be available according to the applicable double tax treaty or arrangement). The 10% WHT is generally applicable to any dividends to be distributed from Giganology Shenzhen and Xunlei Computer to the Company out of any profits of Giganology Shenzhen and Xunlei Computer derived after January 1, 2008. Up to December 31, 2016, both Giganology Shenzhen and Xunlei Computer did not declare any dividend to the parent company and have determined that it has no present plan to declare and pay any dividends. The Group currently plans to continue to reinvest its subsidiaries’ undistributed earnings, if any, in its operations in China indefinitely. Accordingly, no withholding income tax was accrued or required to be accrued as of December 31, 2015 and 2016. The undistributed earnings from the Group’s PRC entities as of December 31, 2015 and 2016 amounted to USD34,313 thousand and USD19,883 thousand, respectively. An estimated foreign withholding taxes of USD3,431 thousand and USD1,988 thousand would be due if these earnings were remitted as dividends as of December 31, 2015 and 2016, respectively. Moreover, the current EIT Law treats enterprises established outside of China with “effective management and control” located in the PRC as PRC resident enterprises for tax purposes. The term “effective management and control” is generally defined as exercising overall management and control over the business, personnel, accounting, properties, etc. of an enterprise. The Company, if considered a PRC resident enterprise for tax purposes, would be subject to the PRC Enterprise Income Tax at the rate of 25% on its worldwide income for the period after January 1, 2008. As of December 31, 2016, the Company has not accrued for PRC tax on such basis. The Company will continue to monitor its tax status. The current and deferred portions of income tax expense included in the consolidated statements of operations are as follows:
The aggregate amount and per share effect of the tax holiday are as follows:
The reconciliation of total tax expense/(benefit) computed by applying the respective statutory income tax rates to pre-tax income/(loss) is as follows:
The tax effects of temporary differences that give rise to the deferred tax asset and liability balances at December 31, 2015 and 2016 are as follows:
Movement of valuation allowance is as follows:
In 2014, valuation allowance was provided for net operating loss carryforwards because it was more likely than not that such deferred tax assets will not be realized based on the Group's estimate of Onething’s future taxable income. In 2015, valuation allowance was provided for net operating loss carry forward of Xunlei Beijing, Xunlei Games and Onething because it was more likely than not that such deferred tax assets will not be realized based on the Group's estimate of their future taxable income, and the fact that the three entities were not included in the tax strategy plan. In 2016, valuation allowance was provided for net operating loss carryforwards of Xunlei Beijing, Xunlei Games, Onething, Beijing Xunjing and Crystal Interactive because it was more likely than not that such deferred tax assets will not be realized based on the Group's estimate of their future taxable income, and the fact that the five entities were not included in the tax strategy plan. As of December 31, 2016, the tax returns of the Group’s subsidiaries, VIE and its subsidiaries since their respective dates of incorporation are still open to examination. |
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair value measurements |
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Fair value measurements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value measurements |
Effective January 1, 2008, the Group adopted ASC 820-10, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value and expands financial statement disclosures about fair value measurements. Although adoption did not impact the Group’s consolidated financial statements, ASC 820-10 requires additional disclosures to be provided on fair value measurements. ASC 820-10 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level1Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets Level 2Include other inputs that are directly or indirectly observable in the marketplace or based on quoted price in markets that are not active Level 3Unobservable inputs which are supported by little or no market activity and are significant to the overall fair value measurement ASC 820-10 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. The following table sets forth the financial instruments, measured at fair value, by level within the fair value hierarchy as of December 31, 2015 and 2016.
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- References No definition available.
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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other income, net |
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Other income, net [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net |
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- Definition The entire disclosure for interest and other income. No definition available.
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- References No definition available.
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Commitments and contingencies |
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Commitments and contingencies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and contingencies |
Rental commitments The Group leases facilities in the PRC under non-cancellable operating leases expiring on different dates. Payments under operating leases are expensed on a straight-line basis over the periods of the respective leases, including any free rental periods. Total office rental expenses under all operating leases were USD3,068 thousand, USD2,751 thousand and USD2,382 thousand for the years ended December 31, 2014, 2015 and 2016, respectively. Future minimum payments under non-cancellable operating leases of office rental consist of the following as of December 31, 2016:
Bandwidth lease commitments The Group leases bandwidth in the PRC under non-cancellable operating leases expiring on different dates. Payments under bandwidth leases are expensed on a straight-line basis over the duration of the respective lease periods, including any lease free periods. Total bandwidth leasing costs for continuing operations under all operating leases were USD 33,545 thousand, USD 37,218 thousand and USD 55,135 thousand for the years ended December 31, 2014, 2015 and 2016. Total bandwidth leasing costs for discontinued operations under all operating leases were USD 6,828 thousand, USD 2,983 thousand and nil for the years ended December 31, 2014, 2015 and 2016. Future minimum payments under non-cancellable bandwidth leases consist of the following as of December 31, 2016:
Capital commitments As at December 31, 2016, the Group has unconditional purchase obligations for switchboard, servers, office software and construction in process that had not been recognized in the amount of USD 7,527 thousand. Litigation The Group is involved in a number of cases pending in various courts. These cases are substantially related to alleged copyright infringement as well as routine and incidental matters to its business, among others. Adverse results in these lawsuits may include awards of damages and may also result in, or even compel, a change in the Group’s business practices, which could impact the Group’s future financial results. The Group had incurred USD 1,073 thousand, USD 3,307 thousand and USD 1,669 thousand legal and litigation related expenses for the years ended December 31, 2014, 2015 and 2016, respectively. Up to April 20, 2017, which is the date when the consolidated financial statements were issued, the Group had 61 lawsuits pending against the Group with an aggregate amount of claimed damages of approximately RMB 89.27 million (USD 12.87 million) which occurred before December 31, 2016 (2015: USD 13.98 million). Of the 61 pending lawsuits, 56 lawsuits were relating to the alleged copyright infringement in the PRC. The Group had accrued for USD 2,062 thousand litigation related expenses in ‘‘Accrued expenses and other liabilities’’ in the consolidated balance sheet as of December 31, 2016 (2015: USD 2,601 thousand), which is the most probable and reasonably estimable outcome. The Group estimated the litigation compensation based on judgments handed down by the court, out-of-court settlements of similar cases as well as advices from the Group’s legal counsel. The Group is in the process of appealing certain judgments for which the losses had been accrued. Although the results of unsettled litigation and claims cannot be predicted with certainty, the Group does not expect that the outcome of the 61 lawsuits will result in the amounts accrued materially different from the range of reasonably possible losses. In the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss, or a material loss in excess of a recorded accrual, with respect to loss contingencies for asserted legal and other claims. However, the outcome of litigation is inherently uncertain. Therefore, although management considers the likelihood of such an outcome to be remote, if one or more of these legal matters were resolved against the Company in a reporting period for amounts in excess of management’s expectations, the Company’s consolidated financial statements for that reporting period could be materially adversely affected. In May 2014, the Group entered into a content protection agreement with the Motion Picture Association of America, Inc., or MPAA, and six major U.S. entertainment content providers, which are the members of MPAA. In January 2015, a number of MPAA member studios filed copyright infringement lawsuits against the Group with an aggregate amount of claimed damages of RMB 8.40 million (USD 1.37 million), and the cases are awaiting decision of first instance as of April 20, 2017. As the litigations remain in their preliminary stages and without any further development during the year and up to April 20, 2017, the Group is unable to express any opinion on the likelihood of an unfavorable outcome or any estimate of the amount or range of any potential loss. Subsequent to December 31, 2016, there were additional claims mainly related to alleged copyright infringement made in the ordinary course of business against the Group. The Group has assessed that none of these claims that occurred between January 1, 2017 and April 20, 2017 will result in the amount accrued materially different from the range of reasonably possible losses in the consolidated financial statements of the Group. |
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- References No definition available.
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Certain risks and concentration |
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Certain risks and concentration [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Certain risks and concentration |
PRC regulations Current PRC laws and regulations place certain restrictions on foreign ownership of companies that engage in internet businesses, including the provision of online video and online advertising services. Specifically, foreign ownership in an internet content provider or other value-added telecommunication service providers may not exceed 50%. The Group conducts its operations in China principally through contractual arrangements among Giganology Shenzhen, its wholly-owned PRC subsidiary, and Shenzhen Xunlei and its shareholders. Shenzhen Xunlei holds the licenses and permits necessary to conduct its resource discovery network, online advertising, online games and related businesses in China and hold various operating subsidiaries that conduct a majority of its operations in China. The Company conducts all of its operations in China through, Shenzhen Xunlei, a variable interest entity, which it consolidates as a result of a series contractual arrangements enacted. If the Company had direct ownership of Shenzhen Xunlei, it would be able to exercise its rights as a shareholder to effect changes in the board of directors of Shenzhen Xunlei, which in turn could effect changes at the management level, subject to any applicable fiduciary obligations. However, under the current contractual arrangements, it relies on Shenzhen Xunlei and its shareholders’ performance of their contractual obligations to exercise effective control. In addition, its operating contract with Shenzhen Xunlei has a term of ten years, which is subject to Giganology Shenzhen’s unilateral termination right. None of Shenzhen Xunlei or its shareholders may terminate the contracts prior to the expiration date. Further, the Group believes that the contractual arrangements among Giganology Shenzhen, Shenzhen Xunlei and its shareholders are in compliance with PRC law and are legally enforceable. However, the Chinese government may issue from time to time new laws or new interpretations on existing laws to regulate this industry. Regulatory risk also encompasses the interpretation by the tax authorities of current tax laws, and the Group’s legal structure and scope of operations in the PRC, which could be subject to further restrictions resulting in limitations on the Company’s ability to conduct business in the PRC. The PRC government may also require the Company to restructure the Group’s operations entirely if it finds that its contractual arrangements do not comply with applicable laws and regulations. Furthermore, it could revoke the Group’s business and operating licenses, require it to discontinue or restrict its operations, restrict its right to collect revenues, block its website, require it to restructure its operations, impose additional conditions or requirements with which the Group may not be able to comply, or take other regulatory or enforcement actions against the Group that could be harmful to its business. The imposition of any of these penalties may result in a material and adverse effect on the Group’s ability to conduct the Group’s business. In addition, if the imposition of any of these penalties causes the Group to lose the rights to direct the activities of the VIE and its subsidiaries or the right to receive their economic benefits, the Group would no longer be able to consolidate the VIE. The Group does not believe that any penalties imposed or actions taken by the PRC Government would result in the liquidation of the Company, Giganology Shenzhen or Shenzhen Xunlei. As of December 31, 2016, the aggregate retained earnings and distributable reserves of VIE and VIE’s subsidiaries amounted to approximately USD 2,541 thousand (2015: USD 25,512 thousand), which has been included in the consolidated financial statements. As stated above, Shenzhen Xunlei holds assets that are important to the operation of the Group’s business, including patents for proprietary technology, related domain names and trademarks. If Shenzhen Xunlei or its subsidiaries falls into bankruptcy and all or part of its assets become subject to liens or rights of third-party creditors, the Group may be unable to conduct its business activities in China, which could have a material adverse effect on the Group’s future financial position, results of operations or cash flows. However, the Group believes this is a normal business risk many companies face. The Group will continue to closely monitor the financial conditions of Shenzhen Xunlei and its subsidiaries. Shenzhen Xunlei and its subsidiaries’ assets comprise both recognized and unrecognized revenue-producing assets. The recognized revenue-producing assets include intangible assets, purchased property and equipment. The balances of these assets held by the VIE and its subsidiaries are included in “property and equipment, net” and “intangible assets, net” in the consolidated balance sheet and specifically in the VIE table on the following page. The unrecognized revenue-producing assets mainly consist of license, patents, trademarks, and domain names which are not recorded in the financial statement as they didn’t meet the recognition criteria set in ASC 350-30-25. The licenses stated above primarily consist of licenses that grant the VIE and its subsidiaries the right to produce and broadcast internet, radio, and television programs. One of them is the ICP licenses as described in note 1. As of December 31, 2016, Shenzhen Xunlei and its subsidiaries held patents granted in the PRC and in the United States. Presently, patent applications are being examined by the State Intellectual Property Office of the PRC and also patent application is being reviewed by the United States Patent and Trademark Office. As of December 31, 2016, Shenzhen Xunlei and its subsidiaries have applied to register trademarks, of which the Company has received registered trademarks in different applicable trademark categories including trademark registered with the United States Patent and Trademark Office and trademark registered with World Intellectual Property Organization. The following consolidated financial information of the Group’s VIE and its subsidiaries from continuing operations was included in the accompanying consolidated financial statements, before elimination of balances with the Company and its subsidiaries, as of and for the years ended:
Foreign exchange risk The Group’s financing activities are denominated mainly in the USD. The RMB is not freely convertible into foreign currencies. Remittances of foreign currencies into the PRC and exchange of foreign currencies into the RMB require approval by foreign exchange administrative authorities and certain supporting documentation. The State Administration for Foreign Exchange, under the authority of the People’s Bank of China, controls the conversion of the RMB into other currencies. The revenues and expenses of the Company’s subsidiaries, consolidated VIE and its subsidiaries are generally denominated in the RMB and their assets and liabilities are denominated in the RMB. Concentration of customer risk The top 10 customers accounted for 16%, 26% and 18% of the net revenues for the years ended December 31, 2014, 2015 and 2016, respectively. Prior to entering into sales agreements, the Group performs credit assessments of its customers to assess the credit history of its customers. Further, the Group has not experienced any significant bad debts with respect to its accounts receivable. Credit risk As of December 31, 2015 and 2016, substantially all of the Group’s cash and cash equivalents were held at reputable financial institutions in the jurisdictions where the Group and its subsidiaries are located. The Group believes that it is not exposed to unusual risks as these financial institutions have high credit quality. The Group has not experienced any losses on its deposits of cash and cash equivalents. Prior to entering into sales agreements, the Group performs credit assessments of its customers to assess the credit history of its customers. Further, the Group has not experienced any significant bad debts with respect to its accounts receivable. |
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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Subsequent events |
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Dec. 31, 2016 | |||||
Subsequent events [Abstract] | |||||
Subsequent events |
Restricted shares grant In March 2017, 1,130,000 restricted shares had been granted to certain executive officers or employees of the Group under the 2010 share incentive plan. Repurchase of shares In the first quarter of 2017, 465,350 common shares had been repurchased from certain executive officers or employees of the Group. Investments In December 2016, the Group agreed to pay USD 3.5 million (RMB 24 million) as the consideration to acquired 80% equity interests in Henan Tourism Information Co., Ltd., a company in Henan, the PRC which engages in internet audio and visual services. This acquisition was not closed as of April 20, 2017. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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Restricted net assets |
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Restricted net assets [Abstract] | |||||
Restricted net assets |
Relevant PRC laws and regulations permit payments of dividends by the Company’s subsidiaries, VIE and VIE’s subsidiaries in China only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. In addition, the Company’s subsidiaries, VIE and VIE’s subsidiaries in China are required to make certain appropriation of net after-tax profits or increase in net assets to the statutory surplus fund (see Note 2(dd)) prior to payment of any dividends. As a result of these and other restrictions under PRC laws and regulations, the Company’s subsidiaries, VIE and VIE’s subsidiaries in China are restricted in their ability to transfer their net assets to the Company in terms of cash dividends, loans or advances, which restricted portion amounted to USD 117,728 thousand and USD 124,026 thousand as of December 31, 2015 and 2016, respectively. Even though the Company currently does not require any such dividends, loans or advances from the PRC subsidiaries, VIE and VIE’s subsidiaries for working capital and other funding purposes, the Company may in the future require additional cash resources from the Company’s subsidiaries, VIE and a VIE’s subsidiaries in China due to changes in business conditions, to fund future acquisitions and development, or merely to declare and pay dividends to make distributions to shareholders. |
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- References No definition available.
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- Definition The entire disclosure for assets that are restricted in their use, generally by contractual agreements or regulatory requirements. This would include, but not limited to, a description of the restricted assets and the terms of the restriction. No definition available.
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Kingsoft acquisition in 2014 |
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Business Combinations [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||
Business Combination Disclosure [Text Block] |
In September 2014, the Group acquired assets relating to a personal cloud storage business from Kingsoft Corporation Limited, for cash consideration of USD 33 million plus the portion of the fair value of replacement share-based awards allocated to consideration for the acquisition of USD 0.3 million. As a result of the acquisition, the Group obtained the key intellectual property to develop and expand the personal cloud storage business. The assets acquired constitute a business and the acquisition was recorded as a business combination. The allocation of the purchase price at the date of acquisition is as follows:
The business combination was completed on September 5, 2014 and the Company has finalised the purchase price allocation. The excess of purchase price over tangible assets and identifiable intangible assets acquired was recorded as goodwill. There was no liability assumed arising from the acquisition. In connection with this acquisition, the Group is obligated to issue share options to replace the unvested awards owned by the employees who are transferred to the Group, the portion of the fair-value-based measure of the replacement award attribute to pre-combination service of USD 303 thousand was allocated to the consideration, while the portion attribute to post-combination service of USD44 thousand was recorded to as share based compensation expense over the remaining vesting period. The acquired goodwill is not deductible for tax purposes. Acquisition related costs were immaterial and were included in general and administrative expenses for the year ended December 31, 2014. |
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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Additional information: condensed financial statements of the Company |
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Additional information: condensed financial statements of the Company [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional information: condensed financial statements of the Company |
Regulation S-X require condensed financial information as to financial position, statement of cash flows and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of consolidated and unconsolidated subsidiaries together exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. The Company records its investment in its subsidiaries, VIE and VIE’s subsidiaries under the equity method of accounting. Such investments are presented on the separate condensed balance sheets of the Company as “Long-term investments”. The subsidiaries did not pay any dividends to the Company for the periods presented. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. The footnote disclosures represent supplemental information relating to the operations of the Company, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Group. The Company did not have significant other commitments, long-term obligations, or guarantees as of December 31, 2016. Condensed balance sheets
Condensed statements of operations
Condensed statement of cash flows
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- References No definition available.
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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of significant accounting policies (Policies) |
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Summary of significant accounting policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of presentation and use of estimates |
The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (‘‘U.S. GAAP’’). Significant accounting policies followed by the Group in the preparation of the accompanying consolidated financial statements are summarized below. The Restructuring was accounted for at historical costs. The assets and liabilities of Shenzhen Xunlei are consolidated in the Company’s financial statements at carryover basis. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements and related disclosures. Actual results could differ materially from these estimates. Significant accounting estimates reflected in the Group’s consolidated financial statements mainly include the useful lives of property and equipment, allowance for doubtful accounts, valuation allowance of deferred tax assets, sales rebate to advertising agencies, amortization period of online game revenue, amortization of content copyrights, fair value of content copyrights exchange, impairment assessment of goodwill and impairment assessment of long-lived assets. In addition, the Group uses assumptions in a valuation model to estimate the fair value of share options granted, warrants issued and underlying common shares. Management bases the estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from these estimates. |
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Consolidation |
The consolidated financial statements include the financial statements of the Company, its subsidiaries, VIE for which the Company is the primary beneficiary and its subsidiaries. All significant transactions and balances among the Company, its subsidiaries, VIE and its subsidiaries have been eliminated upon consolidation. A subsidiary is an entity in which the Company, directly or indirectly, controls more than one-half of the voting power, or has the power to appoint or remove the majority of the members of the board of directors to cast majority of votes at meetings of the board of directors or to govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders. An entity is considered to be a VIE if the entity’s equity holders do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. The Group consolidates entities for which the Company is the primary beneficiary if the entity’s other equity holders do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. In determining whether the Company or its subsidiary is the primary beneficiary of a VIE, the Company considered whether it has the power to direct activities that are significant to the VIE’s economic performance, including the power to appoint senior management, right to direct company strategy, power to approve capital expenditure budgets, and power to establish and manage ordinary business operation procedures and internal regulations and systems. Management has evaluated the contractual arrangements among Giganology Shenzhen, Shenzhen Xunlei and its shareholders and concluded that Giganology Shenzhen receives all of the economic benefits and absorbs all of the expected losses from Shenzhen Xunlei and has the power to direct the aforementioned activities that are significant to Shenzhen Xunlei’s economic performance, and is the primary beneficiary of Shenzhen Xunlei. Therefore, Shenzhen Xunlei and its subsidiaries’ results of operation, assets and liabilities have been included in the Group’s consolidated financial statements. Management monitors the regulatory risk associated with these contractual arrangements. See Note 25 for further discussion. Non-controlling interests represent the portion of the net assets of a subsidiary attributable to interests that are not owned by the Company. The non-controlling interests are presented in the consolidated balance sheets, separately from equity attributable to the shareholders of the Company. Non-controlling interests in the results of the Group is presented on the face of the consolidated statements of comprehensive income as an allocation of the total income or loss for the year/period between non-controlling shareholders and the shareholders of the Company. |
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Discontinued operations |
When disposals that represent a strategic shift that has (or will have) a major effect on the entity’s results and operations would qualify as discontinued operations. Discontinued operations are reported when a component of an entity comprising operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity is classified as held for disposal or has been disposed of, if the component either (1) represents a strategic shift or (2) have a major impact on an entity’s financial results and operations. Examples include a disposal of a major geographical location, line of business, or other significant part of the entity, or disposal of a major equity method investment. In the consolidated income statement, result from discontinued operations is reported separately from the income and expenses from continuing operations and prior periods are presented on a comparative basis. Cash flows for discontinuing operations are presented separately in note 3. In order to present the financial effects of the continuing operations and discontinued operations, revenues and expenses arising from intra-group transactions are eliminated except for those revenues and expenses that are considered to continue after the disposal of the discontinued operations. Non-current assets or disposal groups are classified as assets held for sale when the carrying amount is to be recovered principally through a sale transaction rather than through continuing use. For this to be the case, the asset or disposal group must be available for immediate sale in its present condition subject only to terms that are usual and customary for sale of such assets or disposal groups and the sale must be highly probable. Non-current assets classified as held for sale and disposal groups are measured at the lower of their carrying or fair value less costs to sell. |
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Foreign currency translation |
The Company’s reporting and functional currency is the United States Dollar (‘‘USD’’). Xunlei BVI and Xunlei HK’s functional currency is the USD. The functional currency of other subsidiaries, VIE and its subsidiaries located in the PRC is the Renminbi (‘‘RMB’’), which is their respective local currency. Transactions denominated in foreign currencies are remeasured into the functional currency at the exchange rates prevailing on the transaction dates. Financial assets and liabilities denominated in foreign currencies are remeasured into the functional currency using the applicable exchange rates prevailing at the balance sheet date. The resulting exchange gains and losses from foreign currency transactions are included in other income (loss) within the consolidated statements of comprehensive income. The Company uses the monthly average exchange rate for the year and the exchange rates at the balance sheet date to translate the operating results and financial position, respectively, of its subsidiaries whose functional currency is other than the USD. The resulting translation differences are recorded in cumulated translation adjustments, a component of shareholders’ equity. The exchange rate used is released by Chinese State Administration of Foreign Exchange. |
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Cash and cash equivalents |
Cash and cash equivalents include cash on hand, cash in bank and time deposits placed with banks or other financial institutions, which have original maturities of three months or less and are readily convertible to known amounts of cash. |
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Short-term investments |
Short-term investments include deposits placed with banks with original maturities of more than three months but less than one year and investments in financial instruments with a variable interest rate indexed to the performance of underlying assets. In accordance with ASC 825 Financial Instruments, for investments in financial instruments with a variable interest rate indexed to performance of underlying assets, the Group elected the fair value method at the date of initial recognition and carried these investments subsequently at fair value. Changes in the fair value are reflected in the consolidated statements of comprehensive income. Interest generated from short term investments are recorded when interest payments are received at the maturity date. It is recorded as “other income” on the statement of comprehensive income and measured based on the actual amount of interest the Group received. |
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Fair value of financial instruments |
The Group’s financial instruments consist principally of cash and cash equivalents, short-term investments, accounts receivable, other receivables, amounts due from/(to) related parties, accounts payable, other payables and warrants liabilities. The carrying value of these balances, with the exception of short-term investments (see note 2 (f)), approximates their fair value due to the current and short term nature of these balances. |
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Accounts receivable, net |
Accounts receivable are presented net of allowance for doubtful accounts. The Group evaluates the creditworthiness of each customer at the time when services are rendered and continuously monitor the recoverability of the accounts receivable. The Group uses specific identification method in providing for bad debts when facts and circumstances indicate that collection is doubtful and a loss is probable and estimable. If the financial conditions of its customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances might be required. The allowance for doubtful accounts is based on the best facts available and is re-evaluated and adjusted on a regular basis as additional information is received. Some of the factors that the Group considers in determining whether a bad debt allowance is recorded on an individual customer are: 1) the customer's past payment history and whether it fails to comply with its payment schedule; 2) whether the customer is in financial difficulty due to economic or legal factors; 3) a significant dispute with the customer has occurred; 4) the objective evidence which indicates non-collectability of the accounts receivable. The allowances provided for Accounts Receivable from continuing operations as of December 31, 2015 and 2016 were USD 0.1 million and USD 0.1 million, respectively. If the Group determines that an allowance is needed for a customer, the Group will discontinue business with them unless they start to resume payment. The accounts receivable is written-off when the Group ceases pursuing collection. Any changes in the estimates may cause the Group's operating results to fluctuate. |
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Inventories |
Inventories are stated at the lower of cost or net realizable value. Cost is determined using actual cost on a weighted average basis. Net realizable value is the amount that can be realized from the sale of the inventory in the inventory in the normal course of business after allowing for the costs of realization. An allowance is recorded for excess inventory and obsolescence based on the lower of cost or net realizable value. |
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Long-term investments |
The Group holds investments in privately held companies. The Group accounts for these investments over which it has significant influence but does not own a majority equity interest or otherwise control using the equity method of accounting. For investments in an investee over which the Group does not have significant influence and of which the investee has no readily determinable fair value, the Group carries the investment using the cost method. Under the cost method, the investment is measured initially at cost. The investment carried at cost should recognize income when dividends are received from the distribution of the investee’s earnings. The Group assesses its long-term investments for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, operating performance of the companies, including current earnings trends and undiscounted cash flows, and other company-specific information. The fair value determination, particularly for investments in privately-held companies, requires significant judgment to determine appropriate estimates and assumptions. Changes in these estimates and assumptions could affect the calculation of the fair value of the investments and determination of whether any identified impairment is other-than-temporary. During the year ended December 31, 2014, the Group did not impair any of its long-term investments. In 2015 and 2016, the Group recognised an impairment of USD0.8 million and USD 1.66 million, respectively. |
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Property and equipment |
Property and equipment are stated at historical cost less accumulated depreciation and impairment loss, if any. Depreciation is calculated using the straight-line method over their estimated useful lives. Residual rate is determined based on the economic value of the asset at the end of the estimated useful life as a percentage of the original cost.
Repair and maintenance costs are expensed as incurred. Expenditures that substantially increase an asset’s useful life are capitalized. Upon sale or disposition, gain or loss on the disposal of property and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated statements of operations. The cost and related accumulated depreciation are removed from the financial statements. |
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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. |
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Impairment of goodwill |
Impairment of goodwill assessment is performed on at least an annual basis on December 31 or whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. According to ASC 350-20-35, an entity may assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. Alternatively, an entity may proceed directly to perform a two-step goodwill impairment test. The first step compares the fair values of a reporting unit to its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill is not considered impaired and the second step will not be required. If the carrying amount of a reporting unit exceeds its fair value, the second step compares the implied fair value of the affected reporting unit’s goodwill to the carrying value of that goodwill. The implied fair value of goodwill is determined in a manner similar to accounting for a business combination with the allocation of the assessed fair value determined in the first step to the assets and liabilities of the reporting unit. The excess of the fair value of the reporting unit over the amounts assigned to the assets and liabilities is the implied fair value of goodwill. This allocation process is only performed for purposes of evaluating goodwill impairment and does not result in an entry to adjust the value of any assets or liabilities. An impairment loss is recognized for any excess in the carrying value of goodwill over the implied fair value of goodwill. The judgment in estimating the fair value of a reporting unit includes estimating future cash flows, determining appropriate discount rates and making other assumptions. Changes in these estimates and assumptions could materially affect the determination of the fair value of a reporting unit. The Group selected directly to perform a two-step goodwill impairment test. For the first step, the impairment test was performed using a discounted cash flow analysis to assess the fair value of the Group, as a single reporting unit. The discounted cash flow analysis, that requires certain assumptions and estimates regarding economics and future profitability, use cash flow projections for the purposes of impairment reviews covering a five-year period. Cash flows beyond the five-year period are extrapolated using an estimated annual growth of not more than 2%. The growth rates used do not exceed the historical growth of the Group. The discount rates used of 18.2% reflect market assessments of the time value and the specific risks. According to the assessment of first step, the fair value of the reporting unit exceeded its carrying amount and goodwill was not considered impaired. Accordingly, the second step was not required. No goodwill impairment losses were recognized for the year ended December 31, 2016 based on the impairment test performed by the Group. |
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Intangible assets |
Licensed copyrights of movies, TV series and variety shows (collectively “Content Copyrights”) are capitalized when 1) the cost of the content is known 2) the content has been accepted by the Group in accordance with the conditions of the license agreement and 3) the content is available for its first showing on the Group’s website. Content Copyrights are carried at cost less accumulated amortization and impairment loss, if any. The Group has two types of Content Copyrights, 1) non- exclusive Content Copyrights and 2) exclusive Content Copyrights. With non-exclusive Content Copyrights, the Group has the right to broadcast the contents on its own websites. While, with exclusive Content Copyrights, besides the broadcasting right, the Group also has the right to sub-license these exclusive Content Copyrights to third parties. For non-exclusive Content Copyrights, which only generates primarily indirect cash flows, the amortization method is based on the analysis of historical viewership consumption patterns. The Group determines consumption patterns by tracking the number of viewers watching the content throughout its life cycle. This information is then aggregated to come up with a viewership trend that can support an appropriate method to amortize non-exclusive Content Copyrights. The Group generally categorizes its contents in the Xunlei Kankan website into three broad categories, namely movies; TV series; and variety shows and others, which include reality shows, talent shows, talk shows and entertainment news. The Group adopted the method to amortize the non-exclusive Content Copyrights over the shorter of estimated useful lives or their respective licensing periods using an accelerated method based on consumption patterns. Estimates of the consumption patterns for these non-exclusive Content Copyrights are reviewed periodically and revised, if necessary. Exclusive Content Copyrights generate both direct and indirect cash flows. For the portion of exclusive Content Copyrights that generate indirect cash flows, the Group uses the amortization method based on the analysis of historical viewership consumption patterns, which is the same with that of non-exclusive Content Copyright as discussed above. For the portion of exclusive Content Copyrights that generates direct cash flows, the Group amortizes the purchase costs using an individual-film-forecast-computation method, which amortizes such costs based on the ratio of sub-licensing revenue and barter transaction gain (details described in Note 2(r)) generated for the current period to the total ultimate direct revenue estimated to be generated by the exclusive Content Copyrights for their whole license period or estimated useful lives. The Group revisits the forecast at each quarter and year end and makes adjustment, when appropriate. Content copyrights were disposed of in July 2015 as a result of the divestiture of the Company’s online video streaming platform (see note 3 for details).
Other intangible assets, which include computer software, internal use software development costs, online game licenses, domain names, land use right, trademarks, technology (including right-to-use) and non-compete agreement, are carried at cost less accumulated amortization and impairment loss, if any. Exclusive game licenses are amortized using the straight-line method over their licensing period of three years. Computer software, internal use software and domain name are amortized using the straight-line method over their estimated useful life of five years. Land use right is amortized using the straight-line method over their estimated useful life of thirty years. |
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Impairment of long-lived assets |
The Group evaluates the program usefulness of non-exclusive Content Copyrights and exclusive Content Copyrights pursuant to the guidance in ASC 920-350 IntangibleGoodwill and Other: Recognition, which provides that such rights be reported at the lower of unamortized cost or estimated net realizable value. For non-exclusive Content Copyrights which only generate indirect cash flows, the Group evaluates the net realizable value of the content library by its three content categories (i.e. movies, TV series, variety shows and others). If management’s expectations of programming usefulness, which represents the expected revenues and related net cash flows derived from the contents, are revised downward, they assess whether it is necessary to write down the unamortized costs to estimated net realizable value. The Group evaluates programming usefulness by category on an annual basis by comparing the unamortized cost to the estimated net realizable value. On a quarterly basis, the Group also monitors whether there are indicators of changes in their expected usage of program materials. The Group estimates net realizable value using expected net cash flows of the content based on expected future levels of advertising revenues. Such estimates consider historical amounts and anticipated levels of demand. Expected future revenues are reduced by estimated direct costs to provide access to the website and generate the related revenue, including bandwidth costs and server costs. For purposes of estimating revenues for each category of content, the Group considers both expected future advertising revenues sold based on number of impressions delivered as well as advertising sold based on the period of time that it is displayed. For exclusive Content Copyrights that generate both direct and indirect cash flows, the Group evaluates the net realizable value of the Group’s licensed copyright on a content by content basis. Impairment is assessed on an annual basis by comparing the unamortized cost to the Group’s estimated net realizable value. The Group estimates the net realizable value using expected net cash flows based on expected future levels of advertising and content sub-licensing revenues. For expected future levels of advertising revenue, the Group uses the same estimation methodology used for the impairment assessment of non-exclusive Content Copyrights. For both exclusive and non-exclusive Content Copyrights, there were no impairments for the years ended December 31, 2014, 2015 and 2016 because a significant portion of the contents was related to movies and TV series, of which approximately 70% to 90% of the purchase costs of the Content Copyrights had already been amortized during the first year of the licensed period. As such, the unamortized carrying amounts were lower than the respective net realizable values when the impairment assessment was performed. For other long-lived assets, the Group evaluates its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. The Group assesses the recoverability of the long-lived assets by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to be received from use of the assets and their eventual disposition at the lowest level of identifiable cash flows. Such assets are considered to be impaired if the sum of the expected undiscounted cash flows is less than the carrying amount of the assets. If the Group identifies an impairment, the carrying value of the asset will be reduced to its estimated fair value based on a discounted cash flow approach or, when available and appropriate, to comparable market values. The impairment of online game license were USD 808 thousand, USD 770 thousand and USD 721 thousand as of December 31, 2014, 2015 and 2016, respectively. |
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Commitments and contingencies |
In the normal course of business, the Group is subject to contingencies, such as legal proceedings and claims arising out of its business, that cover a wide range of matters. Liabilities for such contingencies are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. In regards to legal cost, the Group recorded such costs as incurred. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Group, but which will only be resolved when one or more future events occur or fail to occur. The Group’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Group or unasserted claims that may result in such proceedings, the Group, in consultation with its legal counsel, evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Group’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss, if determinable and material, would be disclosed. |
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Operating leases |
Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating lease are charged to the statements of comprehensive income on a straight-line basis over the period of the lease. |
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Revenue recognition |
The Group generates revenues from various streams. The Group operates a prepaid virtual items system, under which, prepaid virtual items at fixed face value are sold to third parties. Virtual items purchased can be used to subscribe for membership or purchase of virtual items in online games, as discussed below. Virtual items sold but not yet consumed by the users are recorded as “Receipts in advance from customers” and upon consumption, they are recognized as membership subscription and online game revenue according to the respective prescribed revenue recognition policies addressed below.
The Group operates a VIP membership program where VIP members can have access to high speed online acceleration services, online streaming and other access privileges. The membership fee is time-based and is collected up-front from subscribers except in the cases when they elect to pay via their mobile operators. The membership fee is collected when the subscribers pay for the monthly phone bills. The terms of time-based subscriptions range from one month to twelve months, with the subscribers having the option to renew the contract. The receipt of subscription fee is initially recorded as deferred revenue and revenue is recognized ratably over the period of subscription as services are rendered. Unrecognized portion beyond 12 months from balance sheet date is classified as a long-term liability. The Group evaluated the principal versus agent criteria and determined that the Group is the principal in the transaction and accordingly record revenue on a gross basis. In determining whether to report revenues gross for the amount of subscription revenue, the Group assesses whether it maintains the principal relationship with the VIP members, whether it bears the credit risk and whether it establishes prices for the end users. Service fees levied by online system, fixed phone line and mobile payment channels (‘‘Payment Handling Fees’’) are recorded as the cost of revenues in the same period as the revenue for the membership fee is recognized.
Advertising revenues are derived principally from arrangements where the customers pay to place their advertisements on the Group’s platform in different formats over a particular period of time. Such formats generally includes but not limited to videos, banners, links, logos and buttons. Advertisements on the Group’s platform are generally charged on the basis of duration, and advertising contracts are signed to establish the fixed price and the advertising services to be provided. The Group enters into advertising contracts with third party advertising agencies that represents advertisers, as well as directly with advertisers. A typical contract term would range from a few days to 3 months. Both third party advertising agencies and direct advertisers are generally billed at the end of the display period and payments are due usually within 3 months. Where the Group’s customers purchase multiple advertising spaces with different display periods in the same contract, the Group allocates the total consideration to the various advertising elements based on their relative fair values and recognizes revenue for the different elements over their respective display periods. The Group determines the fair values of different advertising elements based on the prices charged when these elements were sold on a standalone basis. The Group recognizes revenue on the elements delivered and defers the recognition of revenue for the fair value of the undelivered elements until the remaining obligations have been satisfied. Where all of the elements within an arrangement are delivered uniformly over the agreement period, the revenue is recognized on a straight line basis over the contract period. Transactions with third party advertising agencies For contracts entered into with third party advertising agencies, the third party advertising agencies will in turn sell the advertising services to advertisers. Revenue is recognized ratably over the contract period of display based on the following criteria: There is persuasive evidence that an arrangement existsthe Group will enter into framework and execution agreements with the advertising agencies, specifying price, advertising content, format and timing Price is fixed and determinableprices charged to the advertising agencies are specified in the agreements, including relevant discount and rebate rates Services are renderedthe Group recognizes revenue ratably over the contract period of display Collectability is reasonably assuredthe Group assesses credit history of each advertising agency before entering into any framework and execution agreements. If the collectability from the agencies is assessed as not reasonably assured, the Group recognizes revenue only when the cash is received and all the other revenue criteria are met. The Group provides sales incentives in the forms of discounts and rebates to third party advertising agencies based on purchase volume. As the advertising agencies are viewed as the customers in these transactions, revenue is recognized based on the price charged to the agencies, net of sales incentives provided to the agencies. Sales incentives are estimated and recorded at the time of revenue recognition based on the contracted rebate rates and estimated sales volume based on historical experience. Transactions with third party advertising platforms Xunlei began to cooperate with third party advertising platforms such as Guangdiantong and Baidu since the fourth quarter in 2015. In this business model, advertisers put their content on third party advertising platforms and platforms will dispatch the advertising content to Xunlei’s platforms by certain analysis systematically. As the third party advertising platforms are viewed as the customers in these transactions, revenue is recognized monthly based on the data publicized on third party platforms and the price charged to these advertising platforms. Transactions with advertisers The Group also enters into advertisement contracts directly with advertisers. Under these contracts, similar to transactions with third party advertising agencies, the Group recognizes revenue ratably over the contract period of display. The terms and conditions, including price, are fixed according to the contract between the Group and the advertisers. The Group also performs credit assessment of all advertisers prior to entering into contracts. Revenue is recognized based on the amount charged to the advertisers, net of discounts. The Group has estimated and recorded sales rebates provided to the agencies and advertisers of USD 5,005 thousand, USD 1,179 thousand and USD 15 thousand for the years ended December 31, 2014, 2015 and 2016, respectively.
Users play games through the Group’s platform free of charge and are charged for purchases of virtual items including consumable and perpetual items, which can be utilized in the online games to enhance their game-playing experience. Consumable items represent virtual items that can be consumed by a specific user within a specified period of time. Perpetual items represent virtual items that are accessible to the users’ account over the life of the online game. Pursuant to contracts signed between the Group and game developers, revenue from the sale of virtual items are shared based on a pre-agreed ratio for each game. The Group enters into both non-exclusive and exclusive licensing contracts with game developers. Non-exclusive game licensed contracts The games under non-exclusive licensed contracts are maintained, hosted and updated by the game developers. The Group mainly provides access to the platform and limited after-sale services to the game players. The determination of whether to record these revenues using the gross or net method is based on an assessment of various factors; the primary factors are whether the Group acts as the principal in offering services to the game players or as agent in the transaction, and the specific requirements of each contract. The Group determined that for non-exclusive game licensed arrangements, the third party game developers are the principal given that the game developers design and develop the game services offered, have reasonable latitude to establish prices of game virtual items, and are responsible for maintaining and upgrading the game content and virtual items. Accordingly, the Group records online game revenue, net of the portion remitted to the game developers. Given that online games are managed and administered by the game developers for non-exclusive licensed games, the Group does not have access to the data on the consumption details and the types of virtual items purchased by the game players. The Group has adopted a policy to recognize revenues relating to both consumable and perpetual items over the shorter of 1) estimated lives of the games and 2) the estimated lives of the user relationship with the Group, which were approximately one to ten months for the periods presented. Adjustments arising from the changes of estimated lives of virtual items are applied prospectively as such changes are resulted from new information indicating a change in the game player behavioral patterns. Exclusive licensing game contracts For exclusive licensing contracts with game developers, the games are maintained and hosted by the Group. Accordingly, the Group is determined to be the principal, the Group records online game revenue on a gross basis, with the amount remitted to the game developers reported as cost of revenue. Payment Handling Fees are recognized as cost of revenues when the related revenues are recognized. For exclusive licensed games which are maintained on the Group’s server, the Group has access to the data on the consumption details and types of virtual items purchased by the game players. The Group does not maintain information on consumption details of virtual items, and only have limited information related to the frequency of log-ons. Given that a substantial portion of the virtual items purchased by the game players in exclusive licensed games are perpetual items, management determined that it would be most appropriate to recognize revenue over the shorter of 1) estimated lives of the games and 2) the estimated lives of the user relationship with the Group, which were approximately one to six months for the periods presented. Revenues related to consumable items are recognized immediately upon consumption. Game players can purchase prepaid virtual items which can be used to purchase virtual items via online channels. The Group incurs service fees levied by those payment channels, and such payment expenses are recorded as the cost of revenues when the related revenues are recognized. For both non-exclusive and exclusive licensed games, the Group estimates the life of virtual items to be the shorter of the estimated lives of the games and the estimated lives of the user relationship. The estimated user relationship period is based on data collected from those users who have purchased virtual items. To estimate the life of the user relationship, the Group maintains a software system that captures the following information for each user: the date of first log-on, the date the user ceases to play the game and frequency of log-ons. The Group estimates the life of the user relationship to be the weighted average period from the first purchase of a virtual item to the date the user ceases to play the game based on the frequency of log-ons. To estimate the life of the games, the Group considers both games that they operate as well as games in the market that are of a similar nature. The Group categorizes these games by their nature, such as simulation games, role playing games and others, which appeal to players belonging to different demographics. The Group estimates that the life of each group of the games to be the average period from the date of launch for such games to the date the games are expected to be removed from the website or terminated altogether. When the Group launches a new game, they estimate the life of the game and user relationship based on lives of other similar games in the market until the new game establishes its own history. The Group also considers the game’s profile, attributes, target audience, and its appeal to players of different demographic groups in estimating the user relationship period. The consideration of user relationship with each online game is based on the Group’s best estimate that takes into account all known and relevant information at the time of assessment. Adjustments arising from the changes of estimated lives of virtual items are applied prospectively as such changes are resulted from new information indicating a change in the game player behavioral patterns. Any changes in the estimates of lives of virtual items may result in the Group’s revenues being recognized on a basis different from prior periods and may cause the Group’s operating result to fluctuate. The Group periodically assesses the estimated lives of the virtual items and any changes from prior estimates are accounted for prospectively. Any adjustments arising from changes in user relationship as a result of new information will be accounted as a change in accounting estimate in accordance with ASC 250 Accounting Changes and Error Corrections.
With the exclusive Content Copyrights, the Group has the right to sub-license the broadcasting rights to third parties. The Group generates revenue from sub-licensing these broadcasting rights on a recurring basis to third party customers for cash, mainly video streaming internet platforms, for cash payments at a fixed rate for a fixed period of time that falls within the original exclusive license period. Revenue is recognized in full at the later of the delivery of the master copy of the content with acceptance acknowledged by the customers and the commencement of the license period, as the Group is not obliged to provide any other services. The Group performs credit assessment of its customers prior to entering into contracts to ensure that collection of the arrangement fee is reasonably assured. There is no ongoing obligation of the Group after delivery of the master copy of the content. Content sub-licensing revenue was discontinued in July 2015 as a result of the divestiture of the Company’s online video streaming platform (see note 3 for details). The Group recognized content sub-licensing revenue from discontinued operations of USD 9,218 thousand, USD 2,929 thousand and nil for the years ended December 31, 2014, 2015 and 2016, respectively.
The Group operates a pay per view subscription program in which subscribers pay a monthly fee to watch and have access to a collection of movie contents. The subscription fee is time-based and is collected up-front from subscribers except in the cases where they elect to pay via their mobile operators. The subscription fee is collected when the subscribers pay for their monthly phone fees. The terms of time-based subscriptions range from one month to twelve months, with the subscribers having the option to renew the contract. The receipt of revenue is initially recorded as deferred revenue and revenue is recognized ratably over the period of subscription as services are rendered.
Live video was launched in 2015 as a new service of Xunlei. Users can purchase virtual items which they can then send to performers in the live videos. The revenue from live video is recognized at fair value of the virtual items, as Xunlei is the principal in this arrangement, based on actual consumption of virtual items by the paying users.
The Group enters into contracts with certain third party portals/websites to earn revenue by redirecting online traffic to these third party portals/websites. On a monthly basis, the Group receives data on the user traffic and the related monthly revenue from these third party portals/ websites. Under these programs, the Group recognizes its share of revenues based on contractual rates applied to user traffic redirected to the advertisements of the third parties
As part of the Group’s cloud computing service, Project Crystal, the Group engages in sale of zhuanqianbao (“ZQB”). ZQB is a hardware which could be worked as a micro-computer based on Linux system, it also contains CPU, RAM, ROM and input/output devices. ZQB also allows users to share their idle bandwidth with the Group, in exchange for crystal points. Crystal points, which can be converted into cash based on a pre-set exchange rate, will only be given to the users when they successfully shared unused bandwidth with the Group. Therefore, the Group receives an identifiable benefit, being the bandwidth, from the users in exchange for the crystal points which the Group can reasonably estimate the fair value of this benefit. The Group determined that ZQB sold to users represent identifiable benefit to the users that is separable from the ability to sell bandwidth back to the Group and the bandwidth purchased from the users represent identifiable benefit to the Group, which the Group can reasonably estimate the fair value of this benefit, that is separable from ZQB. The sales of ZQB and purchase of excess bandwidth by the Group are considered separate transactions. Therefore, sales of ZQB are reported as revenue, while crystal points given for purchase of bandwidth are reported as bandwidth cost. The Group sells ZQB through online e-commerce platforms. The revenue from ZQB is recognized when the item is dispatched to the end customers. The core business principle of cloud computing is to collect idle uplink capacity from individual with compensation, and sells to online video streaming platforms. On a monthly basis, the Group records the bandwidth it delivers and recognize revenue from these online video streamers under contractual rates applied (price per GB of bandwidth multiplies total GBs of bandwidth per month). The cost of collecting unused bandwidth is recorded as bandwidth costs within cost of revenue. |
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Barter transactions |
The Group also enters into agreements with third parties (mainly video streaming internet platform) to exchange content. The exchanged content provides rights for each respective party only to broadcast the content received on its own website; though, each party retains the right to continue broadcasting and or sub-license the rights to the content it surrendered in the exchange. These transactions are non-monetary transactions similar to barter transactions, and the Group follows ASC 845, Non-Monetary Transactions and ASC 360-10, Property, Plant, and Equipment. Such barter transactions should be recorded at fair value of the surrendered assets in the transaction unless such fair value are not determinable within reasonable limits. The Group estimated the fair value of the content by gathering ‘‘price reference’’ of cash sub-licensing transactions of each exclusive content right and categorizing it into two buckets (1) cash transaction prices with established counterparties and (2) cash transaction prices with less established counterparties. With this information, the Group calculates an ‘‘average cash transaction price’’ for each category to be used as a reference for the non-monetary transaction. The attributable cost of the related exclusive Content Copyright surrendered is released and recorded as the cost of the barter transaction using the individual-film-forecast computation method. This method calculates such cost based on the ratio of the estimated fair value of the exchanged content over the aggregated estimated fair value to be generated by the exclusive Content Copyrights for their whole license period or estimate useful lives. The Group revisits the forecast at each quarter or year end and make adjustment, when appropriate. The Group generated net gains amounted to nil (2014:USD1,556 thousand, 2015: USD137 thousand) from barter transactions, which is the net amount of proceeds of nil (2014:USD4,428 thousand, 2015: USD409 thousand), after deducting related allocation of cost of nil (2014:USD2,606 thousand, 2015: USD247 thousand) and business tax and surcharge of nil (2014:USD266 thousand, 2015: USD25 thousand). |
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Sales and marketing expenses |
Sales and marketing expenses comprise primarily of salary, commission and benefits of sales and marketing personnel and external advertising and market promotion expenses. The external advertising and market promotion expenses from continuing operations amounted to approximately USD 5,978 thousand, USD 8,089 thousand and USD 10,008 thousand for the years ended December 31, 2014, 2015 and 2016, respectively. |
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General and administrative expenses |
General and administrative expenses consist primarily of salary and benefits, professional service fees, legal expenses and other administrative expenses. |
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Research and development costs |
The Group incurred research and development costs to develop its downloading software. Costs incurred during the research phase are expensed as incurred. Costs incurred for the development of the downloading software prior to the establishment of technological feasibility, which is when a working model is available, are expensed when incurred. The development costs qualified for capitalization have been immaterial for the periods presented. The Group also incurred development costs in connection with an internal-use ERP software to further enhance management to monitor the business. While internal and external costs incurred during the preliminary project stage are expensed as incurred, costs relating to activities during the application development stages have been capitalized. During each of the three years ended December 31, 2016, no software development costs were capitalized as intangible assets. In addition, the Group incurred other research and development costs in relation to software used to support its operations. Any development costs qualified for capitalization have been immaterial for the periods presented. |
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Taxation and uncertain tax positions |
Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements’ carrying amounts of existing assets and liabilities and their respective tax bases and tax loss carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the difference is expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the consolidated statement of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the carrying amount of deferred tax assets if it is considered more likely than not that some portion, or all, of the deferred tax assets will not be realized. The estimation of future taxable income involves significant judgement and estimates. Based on management's estimated future taxable income, management concluded that it is more likely than not that the net operating losses carried forward can be utilized prior to their respective expiration dates. On January 1, 2007, the Group adopted the guidance regarding uncertain tax positions and evaluated its open tax positions that exist in each jurisdiction for each reporting period. If an uncertain tax position is taken or expected to be taken in a tax return, the tax benefit from that uncertain position is recognized in the Group’s consolidated financial statements if it is more likely than not that the position is sustainable upon examination by the relevant taxing authority. The Group did not have any significant uncertain tax position and there was no effect on its financial condition or results of operations as a result of implementing the new guidance. The Group recognizes interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense, if any. Nevertheless, no significant interest and penalties were recorded in the years ended December 31, 2014, 2015 and 2016. Transition from PRC Business Tax to PRC Value Added Tax Effective September 1, 2012, the Chinese government has begun a pilot program (the “Pilot Program”) for transition from imposing business tax to imposing of value added tax (“VAT”) for revenues generated in certain industries. The Pilot Program has been expanded from Shanghai to eight other cities and provinces in China, including Beijing and Shenzhen. The Group’s advertising and content sub-licensing revenues are subject to the Pilot Program since November 1, 2012, and its subscription revenue, online game revenue and pay per view subscription revenue are subject to the Pilot Program since June 1, 2014. Business Tax has been imposed primarily on revenues from the provision of taxable services, assignments of intangible assets and transfers of real estate. VAT payable on goods sold or taxable labor services provided by a general VAT taxpayer for a taxable period is the net balance of the output VAT for the period after crediting the input VAT for the period. Before the implementation of the Pilot Program, the Group was mainly subject to a small amount of VAT mainly for revenues of the sale of software. VAT has been imposed on those revenues at a rate of 17%. With the implementation of the Pilot Program, in addition to the revenues currently subject to VAT, the Group’s advertising revenues, subscription revenue, online game revenue, revenue from cloud computing and live video revenue are in the scope of the Pilot Program and are now subject to VAT at a rate of 6%. |
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Retirement benefits |
Full-time employees of the Company’s subsidiaries, consolidated VIE and its subsidiaries in the PRC participate in a government mandated multi-employer defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. Chinese labor regulations require that the subsidiaries and VIEs of the Company make contributions to the government for these benefits based on certain percentages of the employees’ salaries. The Group has no legal obligation for the benefits beyond the contributions made. The total amounts for such employee benefits, which are expensed as incurred, were USD3,818 thousand, USD5,481 thousand and USD9,237 thousand for the years ended December 31, 2014 , 2015 and 2016, respectively. |
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Share-based compensation |
The Group measures share-based compensation at the grant date based on the fair value of the award determined using the Black-Scholes option pricing model. As the Group has granted share options and restricted shares with service-only condition, the Group elected to recognize compensation costs net of estimated forfeitures on a straight line basis over the requisite service period, which is generally the same as the vesting period. The amount of compensation cost recognized at any date is at least equal to the portion of the grant-date value of the award that is vested at that date. |
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Government subsidies |
The Group receives subsidies from the local PRC government for general use or purchase of equipment. General-use subsidies which are not subject to any conditions or specific use requirements are recorded as subsidy income in the consolidated statements of operations. Subsidies for purchase of equipment are recorded as deferred government grant when received, and are recorded as other income over the expected useful life of the assets after the related equipment has been purchased. |
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Segment reporting |
The Group’s Chief Executive Officer has been identified as the chief operating decision maker (“CODM”), who reviews consolidated operating results of the Group when making decisions about allocating resources and assessing performance of the Group as a whole. The Group has internal reporting of revenue, cost and expenses that does not distinguish between segments, and reports costs and expense by nature as a whole. The Group does not distinguish between markets or segments for the purpose of internal reporting. Management has determined that the Group operates and manages its business as a single segment which is the operation of its online media platform. All revenues of the Group are derived from mainland China. An analysis of the different types of revenues for the years ended December 31, 2014, 2015 and 2016 are summarized as follows:
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Net income / (loss) per share |
Net basic income / (loss) per share is computed by dividing net income / (loss) attributable to holders of common shares by the weighted-average number of common shares outstanding during the year using the two class method. Using the two class method, net income / (loss) is allocated between common shares and other participating securities based on their participating rights. Net diluted income / (loss) per share is calculated by dividing net income / (loss) attributable to common shareholders as adjusted for the effect of dilutive common equivalent shares, if any, by the weighted-average number of common and dilutive common equivalents shares outstanding during the year. Dilutive equivalent shares are excluded from the computation of diluted income / (loss) per share if their effects would be anti-dilutive. Common share equivalents consist of the common shares issuable in connection with the Group’s convertible non-redeemable and redeemable preferred shares using the if-converted method, and common shares issuable upon the conversion of the stock options, using the treasury stock method. |
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Comprehensive income |
Comprehensive income is defined as the change in equity of a Group during the period from transactions and other events and circumstances excluding transactions resulting from investments from shareholders and distributions to shareholders. Accumulated other comprehensive income, as presented on the accompanying consolidated balance sheets, consists of cumulative translation adjustment. |
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Profit appropriation and statutory reserves |
The Group’s subsidiaries, consolidated VIE and its subsidiaries incorporated in the PRC are required on an annual basis to make appropriations of retained earnings set at certain percentage of after-tax profit determined in accordance with PRC accounting standards and regulations (“PRC GAAP”). Appropriation to the statutory general reserve should be at least 10% of the after-tax net income determined in accordance with the legal requirements in the PRC until the reserve is equal to 50% of the entities’ registered capital. The Group is not required to make appropriation to other reserve funds and the Group does not have any intentions to make appropriations to any other reserve funds. The general reserve fund can only be used for specific purposes, such as setting off the accumulated losses, enterprise expansion or increasing the registered capital. Appropriations to the general reserve funds are classified in the consolidated balance sheets as statutory reserves. There are no legal requirements in the PRC to fund these reserves by transfer of cash to restricted accounts, and the Group does not do so. The following table presents the balances of registered capital, additional paid-in-capital and statutory reserves of entities within the Group incorporated in China as of December 31, 2015 and 2016 for the Group’s reporting purpose in China as determined under generally accepted accounting principles in China:
Relevant laws and regulations permit payments of dividends by the PRC subsidiaries and affiliated companies only out of their retained earnings, if any, as determined in accordance with respective accounting standards and regulations. Accordingly, the above balances are not allowed to be transferred to the Company in terms of cash dividends, loans or advances (See also Note 29). |
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Dividends |
Dividends are recognized when declared. No dividends were declared for the years ended December 31, 2014, 2015 and 2016, respectively. The Group does not have any present plan to pay any dividends on common shares in the foreseeable future. The Group currently intends to retain the available funds and any future earnings to operate and expand its business. |
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Recent accounting pronouncements |
On February 18, 2015, the FASB issued Accounting Standards Update 2015-02, Consolidation (Topic 810) Amendments to the Consolidation Analysis. The new guidance applies to entities in all industries and provides a new scope exception to registered money market funds and similar unregistered money market funds. It provide new guidance to companies in determining whether an entity is a variable interest entity (VIE), assessing fees paid to a decision maker or a service provider, and consideration of related parties in the economics test. The standard is effective for public business entities for annual periods beginning after December 15, 2015. This new guidance did not have significant impact to the Group's existing structure. In July 2015, the FASB issued Accounting Standards Update 2015-11, Inventory (Topic 330) Simplifying the Measurement of Inventory. The amendments apply to inventory that is measured using the first-in, first-out (FIFO) or average cost method. The main change is in the subsequent measurement guidance from the lower of cost or market to the lower of cost and net realizable value for inventory within the scope of this Update. Market could be replacement cost, net realizable value, or net realizable value less an approximately normal profit margin. An entity should measure inventory within the scope of this Update at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments in this update should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The adoption of this ASU is not expected to have significant impact to the Group’s consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, Income Taxes: Balance Sheet Classification of Deferred Taxes. ASU 2015-17 simplifies the presentation of deferred income taxes, which require the deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. ASU 2015-17 is effective for fiscal years and interim periods within those years beginning after December 15, 2016. . The Group believes that this ASU will have an impact on the Group’s consolidated balance sheet and related disclosures. In January 2016, the FASB issued ASU 2016-01, Financial InstrumentsOverall: Recognition and Measurement of Financial Assets and Financial Liabilities. The new guidance will impact the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the FASB clarified the need for a valuation allowance on deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The accounting for other financial instruments, such as loans, investments in debt securities, and financial liabilities not under the fair value option is largely unchanged. The standard is effective for public business entities for annual periods (and interim periods within those annual periods) beginning after December 15, 2017. The adoption of this ASU is not expected to have significant impact to the Group’s consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The core principle of Topic 842 is that a lessee should recognise the assets and liabilities that arise from leases. A lessee should recognise in the balance sheet a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognise lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. ASU 2016-02 is effective for fiscal years and interim periods within those years beginning after December 15, 2018. Early adoption is permitted. The Group is currently evaluating the impact ASU2016-02 will have on the Group consolidated balance sheet, results of operations, cash flows and related disclosures. On 30 March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The amendments in ASU 2016-09 affect all entities that issue share-based payment awards to their employees and involve multiple aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. All excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) should be recognized as income tax expense or benefit in the income statement. The tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity also should recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. Tax benefits should be classified along with other income tax cash flows as an operating activity. An entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (consistent with current GAAP) or account for forfeitures when they occur. Under current GAAP, one of the requirements for an award to qualify for equity classification is that an entity cannot partially settle the award in cash in excess of the employer's minimum statutory withholding requirements. Under ASU 2016-09, the threshold to qualify for equity classification permits withholding up to the maximum statutory tax rates in the applicable jurisdictions. Cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity. For public business entities, ASU 2016-09 is effective for annual periods beginning after 15 December 2016, and interim periods within those annual periods. The Group is currently evaluating the impact ASU2016-09 will have on the Group consolidated balance sheet, results of operations, cash flows and related disclosures. The FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force), on August 26, 2016, and ASU 2016-18, Statement of Cash Flows (Topic 230), Restricted Cash (a consensus of the Emerging Issues Task Force), on November 17, 2016. The new guidance is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. For public business entities, both ASUs are effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the guidance is effective for financial statements issued for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted for ASU 2016-18. Early adoption is also permitted for ASU 2016-15 provided that all of the amendments are adopted in the same period. Both ASUs require application using a retrospective transition method. The Group is currently evaluating the impact ASU2016-15 and ASU2016-18 will have on the Groups consolidated balance sheet, results of operations, cash flows and related disclosures. In 2016, the FASB and IASB issued several amendments and clarifications to the new revenue standards, primarily as a result of issues raised by stakeholders and discussed by the Transition Resource Group. Amendments were made to the guidance related to the principal versus agent assessment, identifying performance obligations, accounting for licenses of intellectual property, and other matters (such as the definition of completed contracts at transition, the addition of new practical expedients, and various technical corrections). As amended, the FASB's standard is effective for public entities for the first interim period within annual reporting periods beginning after December 15, 2017 (nonpublic companies have an additional year). The FASB’s standard will allow early adoption, but no earlier than the original effective date for public entities (reporting periods beginning after December 15, 2016). The IASB’s standard, as amended, is effective for the first interim period within annual reporting periods beginning on or after January 1, 2017, with early adoption permitted. The Group is currently evaluating the impact that will have on the Groups consolidated balance sheet, results of operations, cash flows and related disclosures. In January 2017, the FASB issued Accounting Standards Update (“ASU”) No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The standard should be applied prospectively on or after the effective date. The Group is currently evaluating the impact ASU2017-01 will have on the Groups consolidated balance sheet, results of operations, cash flows and related disclosures. In January 2017, the FASB issued Accounting Standards Update (“ASU”) 2017-04, “Simplifying the Test for Goodwill Impairment.” The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The guidance should be adopted on a prospective basis for the annual or any interim goodwill impairment tests beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Group is currently evaluating the impact ASU2017-04 will have on the Groups consolidated balance sheet, results of operations, cash flows and related disclosures. |
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- References No definition available.
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- Definition Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for commitments and contingencies, which may include policies for recognizing and measuring loss and gain contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for comprehensive income. No definition available.
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- Definition Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for recognition of costs in the period which correspond to the sales and revenue categories presented in the statement of operations. The accounting policy may include the amount and nature of costs incurred, provisions associated with inventories, purchase discounts, freight and other costs included in cost of sales incurred and recorded in the period. This disclosure also includes the nature of costs of sales incurred and recorded in the statement of operations for the period relating to transactions with related parties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for discontinued operations. Includes, but is not limited to, method of interest allocation to a discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for goodwill. This accounting policy also may address how an entity assesses and measures impairment of goodwill, how reporting units are determined, how goodwill is allocated to such units, and how the fair values of the reporting units are determined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for tax positions taken in the tax return filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other types of contingencies related to income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for leasing arrangements (both lessor and lessee). This disclosure may address (1) lease classification (that is, operating versus capital), (2) how the term of a lease is determined (for example, the circumstances in which a renewal option is considered part of the lease term), (3) how rental revenue or expense is recognized for a lease that contains rent escalations, (4) an entity's accounting treatment for deferred rent, including that which arises from lease incentives, rent abatements, rent holidays, or tenant allowances (5) an entity's accounting treatment for contingent rental payments and (6) an entity's policy for reviewing, at least annually, the residual values of sales-type and direct-finance leases. The disclosure also may indicate how the entity accounts for its capital leases, leveraged leases or sale-leaseback transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for investments in debt and equity securities that are classified as available-for-sale. This policy also may describe the entity's accounting treatment for transfers between investment categories, how the entity determines whether impairments of available-for-sale securities are other than temporary, and how the fair values of such securities are determined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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- Definition Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for costs it has incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for revenue recognition for dividend revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for segment reporting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for inclusion of significant items in the selling, general and administrative (or similar) expense report caption. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for trade and other accounts receivables. This disclosure may include the basis at which such receivables are carried in the entity's statements of financial position (for example, net realizable value), how the entity determines the level of its allowance for doubtful accounts, when impairments, charge-offs or recoveries are recognized, and the entity's income recognition policies for such receivables, including its treatment of related fees and costs, its treatment of premiums, discounts or unearned income, when accrual of interest is discontinued, how the entity records payments received on nonaccrual receivables and its policy for resuming accrual of interest on such receivables. If the enterprise holds a large number of similar loans, disclosure may include the accounting policy for the anticipation of prepayments and significant assumptions underlying prepayment estimates for amortization of premiums, discounts, and nonrefundable fees and costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for barter transactions involving goods, services or advertising. This accounting policy may include a description of the transactions and the methods used to value the transactions. No definition available.
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- Definition Disclosure of accounting policy for the basis of presentation and the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. No definition available.
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- Definition Goodwill Impairment Policy [Text Block] No definition available.
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- Definition Disclosure of accounting policy for government subsidies. No definition available.
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- Definition Disclosure of accounting policy for statutory reserves including, but not limited to, appropriations for certain non-distributable reserves in accordance with laws applicable to the reporting entity, its subsidiaries and consolidated VIEs. No definition available.
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- Definition Disclosure of accounting policy for employee benefit plans, which may include but is not limited to defined contribution plans, deferred compensation plans and employee stock ownership plans. No definition available.
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Organization and nature of operations (Tables) |
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Organization and nature of operations [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accompanying Consolidated Financial Statements Include Financial Statements of Company, Subsidiaries, Variable Interest Entity ("VIE") and VIE's Subsidiaries |
Note a: Xunlei Kankan was disposed in 2015. See note 3 for details. Note b: The English names of the PRC companies represent management’s translation of their Chinese names of these companies as they have not adopted formal English names. |
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- References No definition available.
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- Definition Schedule Of Subsidiaries And Variable Interest Entities Table [Text Block] No definition available.
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Summary of significant accounting policies (Tables) |
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of significant accounting policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Analysis of Different Types of Revenues |
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Schedule of Balances of Registered Capital, Additional Paid-in-Capital and Statutory Reserves |
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- References No definition available.
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Schedule of Registered Capital Additional Paid in Capital and Statutory Reserves [Table Text Block] No definition available.
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Discontinued operations (Tables) |
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Discontinued operations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of results of the discontinued operation, assets and liabilities of the discontinued operation and cash flows (used in) discontinued operations |
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- References No definition available.
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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Cash and cash equivalents (Tables) |
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Cash on Hand and Cash Held at Bank |
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Summary of Time Deposits |
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- References No definition available.
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- Definition Tabular disclosure of the components of cash and cash equivalents. No definition available.
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- Definition Tabular disclosure of maturities of time deposit accounts outstanding. No definition available.
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Short-term investments (Tables) |
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||
Short-term investments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||
Schedule of Short-Term Investments |
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- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. No definition available.
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- References No definition available.
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Accounts receivable, net (Tables) |
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts receivable, net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accounts Receivable |
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Schedule of Allowance for Doubtful Accounts | The following table presents movement in the allowance for doubtful accounts:
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X | ||||||||||
- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Prepayments and other assets (Tables) |
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Prepayments and other assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Prepayments and Other Assets |
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- References No definition available.
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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Property and equipment (Tables) |
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and equipment [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Property and Equipment |
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Summary of Depreciation Expense |
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- References No definition available.
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Depreciation Expense Table [Text Block] No definition available.
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Intangible assets, net (Tables) |
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Intangible assets, net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Intangible Assets |
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Schedule of Amortization Expense Recognized |
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Schedule of Estimated Aggregate Amortization Expense |
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Schedule of Weighted Average Amortization Periods of Intangible Assets |
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- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. No definition available.
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- References No definition available.
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Schedule Of Finite Lived Intangible Assets By Amortization Period Table [Text Block] No definition available.
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Inventories (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventories [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of inventories |
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- References No definition available.
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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Long-term investments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Long-Term Investments |
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Schedule of Equity Investments, Percentage of Ownership of Common Share |
In 2016, the Group also made equity investments in seven unrelated privately-held companies for aggregate consideration of USD 28,242 thousand. The shares held by the Group are not in-substance common stock and therefore the Group accounted for these investments according to ASC 320 as equity activities using the cost method. In addition, the Group increased its investment in Cloudtropy from 1.13% to 9.69% equity interest at a consideration of USD 3,780 thousand. The Group also participated in a new round of financing of Xiamen Diensi to the extent of USD 700 thousand while the Group’s equity interest in Xiamen Diensi diluted from 15% to 14.25% by other investors.
In 2016, in addition to a dilution gain arising from deemed disposal of equity investment in Guangzhou Yuechuan of USD 69 thousand (note 11(iii)), the Group also recorded dilution gains from cost methods investments in Xiamen Diensi, Meizhi Interactive, Chengdu Diting and Kushiduo of USD 100 thousand, USD 84 thousand, USD 248 thousand and USD 188 thousand, respectively arising from the sale of shares by these investees at a price in excess of the per share carrying value of the shares owned by the Group.
In 2016, in addition to impairment of RenJian RenAi (note 11 (iii)), the Group also recognized impairment against its investments in Guangzhou Wucai, Suzhou Heidisi, and Shanghai Guozhi of USD 301 thousand, USD 597 thousand and USD 526 thousand, respectively after considering the latest operation status and financial and liquidity position. |
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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition A table of investments, shown as a text block. No definition available.
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Deferred revenue and income (Tables) |
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred revenue and income [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Deferred Revenue and Income |
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- Definition Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Accrued liabilities and other payables (Tables) |
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued liabilities and other payables [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accrued Liabilities and Other Payables |
note a: Receipts in advance from customers represents prepayment from a customer in respect of CDN and advertisements services. |
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- References No definition available.
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- Definition Tabular disclosure of the components of accrued liabilities. No definition available.
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Cost of revenues (Tables) |
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost of revenues [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Cost of Revenues |
Note: gaming revenue sharing costs and others mainly include gaming sharing costs, cost of ZQB and cost of live video. |
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- References No definition available.
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- Definition Tabular disclosure for recognition of costs in the period which correspond to the sales and revenue categories presented in the statement of operations. No definition available.
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Redeemable convertible preferred shares (Tables) |
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subscription Rights [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assumptions to Estimated Fair Value of Warrants | The major assumptions used in calculating the fair value of the Series D warrants include:
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Series E Preferred Shares [Member] | Convertible Redeemable Preferred Shares [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Redeemable Convertible Preferred Shares |
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Series D Warrants [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assumptions to Estimated Fair Value of Warrants | The major assumptions used in calculating the fair value of the Subscription Rights include:
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Series D Warrants [Member] | Convertible Redeemable Preferred Shares [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Redeemable Convertible Preferred Shares |
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Series E Warrants [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assumptions to Estimated Fair Value of Warrants | The major assumptions used in calculating the fair value of the Series E warrants include:
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Series E Warrants [Member] | Convertible Redeemable Preferred Shares [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assumptions to Estimated Fair Value of Warrants | The major assumptions used in calculating the fair value of the Series E warrants include:
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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Repurchase of shares (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of shares [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of share repurchase activity |
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- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Share-based compensation (Tables) |
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Share Option Activity | The following table summarizes the share option activity for the years ended December 31, 2014, 2015 and 2016:
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Schedule of Fair Values of Stock Options Granted | The fair values of stock options granted during the years ended December 31, 2014 and 2015 were estimated using the following assumptions: Options granted to employees
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Schedule of Recognized Compensation Costs | Total compensation costs recognized for the years ended December 31, 2014, 2015 and 2016 are as follows:
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2013 Plan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Restricted Shares Activities | A summary of the restricted shares activities under the 2013 Plan for the years ended December 31, 2014, 2015 and 2016 is presented below:
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2010 share incentive plan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Restricted Shares Activities | A summary of the restricted shares activities under the 2010 Plan for the years ended December 31, 2016 is presented below:
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2014 Plan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Restricted Shares Activities | A summary of the restricted shares activities under the 2014 Plan for the years ended December 31, 2015 and 2016 is presented below:
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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. No definition available.
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- Details
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- Details
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- Details
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Basic and diluted net income / (loss) per share (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic and diluted net (loss) / income per share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Basic and Diluted Net (Loss) / Income Per Share |
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Schedule of Anti-dilutive Shares Excluded from Computation of Diluted Net Income per Common Share |
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- References No definition available.
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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Related party transactions (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related party transactions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Relationship Between Related Parties with their Groups |
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Schedule of Significant Related Party Transactions |
note a The Company obtained an exclusive game operation right from Zhuhai Qianyou, which is specialized in developing online games. According to the agreement, the Company will share revenues derived by the licensed games with Zhuhai Qianyou. note b In 2016, Shenzhen Onething Technology entered into a contract with Millet Communication Technology for the provision of bandwidth to Millet Communication Technology at a mutually agreed price. note c In 2014, the Group repurchased 3,860,733 common shares from Aiden & Jasmine Limited (Co founder’s company) for USD10,879 thousand and 10,334,679 common shares from Vantage Point Global Limited (Founder’s company) for USD29,121 thousand. According to the repurchase contract, the Company was entitled to an amount (the “Withheld Price”) to withhold any taxes with respect to this repurchase as required under the applicable laws. If the Sellers (Aiden & Jasmine Limited and Vantage Point Global Limited) have not been specifically required by the applicable governmental or regulatory authority to pay any taxes as required under the applicable laws in connection with the repurchase, after the fifth anniversary of the Closing Date, the Company will pay to the Sellers the Withheld Price with a simple interest thereon at the rate of five percent (5%) per annum (the “repayment price”) from the Closing Date. Therefore, the Withheld Price for Aiden & Jasmine Limited and Vantage Point Global Limited was USD 1,125 thousand (including interest of USD 37 thousand) and USD 3,012 thousand (including interest of USD 100 thousand) respectively. The interest accrued in 2016 was USD 54 thousand and 146 thousand for Aiden & Jasmine Limited and Vantage Point Global Limited respectively. |
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Schedule of Amount Due to from Related Party |
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- References No definition available.
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. No definition available.
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- Definition Schedule Of Amounts Due To From Related Parties Table [Text Block] No definition available.
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X | ||||||||||
- Definition Schedule Of Relationship Between Related Parties And Parent Company [Table Text Block] No definition available.
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Taxation (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Taxation [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Current and Deferred Portions of Income Tax Expense |
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Summary of Aggregate Amount and Per Share Effect of Tax Holiday |
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Reconciliation of Total Tax Expense (Benefit) |
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Summary of Changes in Deferred Tax Asset and Liability Balances |
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Summary of Net Operating Tax Loss Carryforwards |
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Schedule of Movement of Valuation Allowance |
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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the income tax exemptions and reductions which have been granted by taxing authorities for a specified period, applicable term of the exemptions and reductions, estimated dollar value of tax benefits, and per share benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair value measurements (Tables) |
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value measurements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Financial Instruments Measured at Fair Value |
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- References No definition available.
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other income, net (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Other Income, Net |
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- Definition Tabular disclosure of interest income and income classified as other. No definition available.
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X | ||||||||||
- References No definition available.
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Commitments and contingencies (Tables) |
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Dec. 31, 2016 | |||||||||||||||||||||||||||
Rental commitments [Member] | |||||||||||||||||||||||||||
Future Minimum Payments under Non-Cancellable Leases |
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Bandwidth Lease Commitments [Member] | |||||||||||||||||||||||||||
Future Minimum Payments under Non-Cancellable Leases |
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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Certain risks and concentration (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Certain risks and concentration [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Consolidated Financial Information of VIEs and VIE's Subsidiaries |
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Kingsoft acquisition in 2014 (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||
Business Combinations [Abstract] | ||||||||||||||||||||||||||||||||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The allocation of the purchase price at the date of acquisition is as follows:
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X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Additional information: condensed financial statements of the Company (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional information: condensed financial statements of the Company [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Condensed Balance Sheets | Condensed balance sheets
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Schedule of Condensed Statements of Operations | Condensed statements of operations
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Schedule of Condensed Statement of Cash Flows | Condensed statement of cash flows
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X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. No definition available.
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Organization and Nature of Operations - Additional Information (Detail) ¥ / shares in Units, $ in Thousands, ¥ in Millions |
1 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|
Jun. 24, 2014
USD ($)
shares
|
Nov. 30, 2014
shares
|
May 31, 2011
CNY (¥)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
CNY (¥)
¥ / shares
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
|
Variable Interest Entity [Line Items] | |||||||
Date of incorporation | Feb. 03, 2005 | Feb. 03, 2005 | |||||
Number of year's power of attorney retained | 10 years | 10 years | |||||
Percentage of pre-tax operating profit | 80.00% | 80.00% | |||||
Service fees payable | $ | $ 1,088 | $ 1,235 | $ 1,228 | ||||
Number of securities issued | shares | 10,000,000 | ||||||
Net proceeds received from IPO | $ | $ 93,881 | ||||||
American Depository Shares (ADSs) [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Date of completion of IPO | Jun. 24, 2014 | Jun. 24, 2014 | |||||
Number of securities issued | shares | 8,412,250 | ||||||
Number of shares equivalent to each ADS | 5 | ||||||
Net proceeds received from IPO | $ | $ 89,665 | ||||||
Exclusive Technology Support and Services Agreement [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Percentage of pre-tax operating profit | 20.00% | 20.00% | |||||
Exclusive Technology Consulting and Training Agreement [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Percentage of pre-tax operating profit | 20.00% | 20.00% | |||||
Software and Proprietary Technology License Contract [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Percentage of pre-tax operating profit | 40.00% | 40.00% | |||||
Giganology (Shenzhen) Co. Ltd [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Date of incorporation | Jun. 30, 2005 | Jun. 30, 2005 | |||||
Termination of agreement, notice period | 30 days | 30 days | |||||
Automated extended period of agreement | 10 years | 10 years | |||||
Agreement expiration date | 2022 | 2022 | |||||
Giganology (Shenzhen) Co. Ltd [Member] | Exclusive Technology Support and Services Agreement [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Term agreement expiration year | 2025 | 2025 | |||||
Giganology (Shenzhen) Co. Ltd [Member] | Exclusive Technology Consulting and Training Agreement [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Term agreement expiration year | 2025 | 2025 | |||||
Shenzhen Xunlei and Xunlei Computer [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
License agreement, term | 2 years | 2 years | |||||
Agreement between Giganology Shenzhen and Mr. Sean Shenglong Zou [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Agreement term years | 2 years | 2 years | |||||
Loan agreements description | The term of this agreement last for two years from the date it was signed, and will be automatically extended afterwards on a yearly basis until Mr. Zou has repaid the loan in its entirety in accordance with the loan agreement | The term of this agreement last for two years from the date it was signed, and will be automatically extended afterwards on a yearly basis until Mr. Zou has repaid the loan in its entirety in accordance with the loan agreement | |||||
Additional interest-free loans | ¥ 20 | ||||||
Increase in registered capital | 30 | ||||||
Agreement between Giganology Shenzhen and Shareholders of Shenzhen Xunlei [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Interest-free loans | ¥ 9 | ||||||
Agreement term years | 2 years | 2 years | |||||
Loan agreements description | The term of these agreements last for two years from the date it was signed, and will be automatically extended afterwards on a yearly basis until each shareholder of Shenzhen Xunlei has repaid the loans in its entirety in accordance with the loan agreement | The term of these agreements last for two years from the date it was signed, and will be automatically extended afterwards on a yearly basis until each shareholder of Shenzhen Xunlei has repaid the loans in its entirety in accordance with the loan agreement | |||||
Agreement between Giganology Shenzhen and Shenzhen Xunlei [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Increase in registered capital | ¥ 20 | ||||||
Term agreement expiration year | 2016 | 2016 | |||||
Call Option Agreement [Member] | Giganology (Shenzhen) Co. Ltd [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Agreement expiration date | 2022 | 2022 | |||||
Outstanding share, purchase price per share | ¥ / shares | ¥ 1 |
X | ||||||||||
- Definition Date when an entity was incorporated No definition available.
|
X | ||||||||||
- Definition The number of underlying shares represented by one American Depository Receipt (ADR) or Global Depository Receipt (GDR). A value of "3" means that one ADR represents 3 underlying shares. If one underlying share represents 2 ADR's then the value would be represented as "0.5". No definition available.
|
X | ||||||||||
- Definition Year of expiration or mandatory redemption of the financial instrument issued in exchange for the original debt being converted in a noncash or part noncash transaction, in CCYY format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition Long-term pre-tax operating income as a percentage of net sales, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Describes transactions with related parties, including directors, officers and key employees, including: (1) the aggregate amount of related party loans if they exceed 5 percent of shareholders' equity at the balance sheet date or at any time during the latest fiscal year, (2) an analysis of activity with respect to such loans for the latest fiscal year (i.e., beginning balance, new loans, repayments, other changes and ending balance), (3) the aggregate amount of any significant nonaccrual of interest, past due amounts, or restructured or potential problem (including additional information necessary to understand the impact on the financial statements), and (4) any related party loans not made in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow associated with the amount received from entity's first offering of stock to the public. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of fees from providing shareholder services, including, but not limited to, answering shareholder inquiries and providing shareholders with information about their investments. No definition available.
|
X | ||||||||||
- Definition Price of a single share of a number of saleable stocks of a company. No definition available.
|
X | ||||||||||
- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The addition amount of loan with zero interest rates. No definition available.
|
X | ||||||||||
- Definition Agreement Extension Period No definition available.
|
X | ||||||||||
- Definition States the notice requirement (for example, 30 to 60 days) is required to terminate its agreement. No definition available.
|
X | ||||||||||
- Definition Expiration Date of Technology Development and Software Licenses Agreement Term No definition available.
|
X | ||||||||||
- Definition The increase (decrease) of registered capital. No definition available.
|
X | ||||||||||
- Definition Initial Public Offering Date Of Completion No definition available.
|
X | ||||||||||
- Definition Amount of loan with zero interest rates. No definition available.
|
X | ||||||||||
- Definition How many years each power of attorney will remain in force. No definition available.
|
X | ||||||||||
- Definition Related Party Agreement Expiration Date No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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Organization and Nature of Operations - Accompanying Consolidated Financial Statements Include Financial Statements of Company, Subsidiaries, Variable Interest Entity ("VIE") and VIE's Subsidiaries (Detail) |
12 Months Ended |
---|---|
Dec. 31, 2016 | |
Variable Interest Entity [Line Items] | |
Date of incorporation | Feb. 03, 2005 |
Shenzhen Xunlei Networking Technologies, Co., Ltd [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | China |
Date of incorporation | Jan. 31, 2003 |
Relationship | VIE |
Percentage of direct or indirect economic ownership | 100.00% |
Principal activities | Development of software, provision of online and related advertising, membership subscription and online game services; as well as sales of software licenses |
Giganology (Shenzhen) Co. Ltd [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | China |
Date of incorporation | Jun. 30, 2005 |
Relationship | Subsidiary |
Percentage of direct or indirect economic ownership | 100.00% |
Principal activities | Development of computer software and provision of information technology services to related companies |
Shenzhen Xunlei Wangwenhua Co Ltd [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | China |
Date of incorporation | Dec. 31, 2005 |
Relationship | VIEs subsidiary |
Percentage of direct or indirect economic ownership | 100.00% |
Principal activities | Development of software for related companies |
Xunlei Networking Technologies Beijing Co Ld [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | China |
Date of incorporation | Jun. 30, 2009 |
Relationship | VIEs subsidiary |
Percentage of direct or indirect economic ownership | 100.00% |
Principal activities | Development of software for related companies |
Xunlei Zhuolian Software Co Ltd [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | China |
Date of incorporation | Jan. 31, 2010 |
Relationship | VIEs subsidiary |
Percentage of direct or indirect economic ownership | 100.00% |
Principal activities | Provision of software technology development for related companies |
Xunlei Games Development (Shenzhen) Co., Ltd. [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | China |
Date of incorporation | Feb. 28, 2010 |
Relationship | VIE’s subsidiary |
Percentage of direct or indirect economic ownership | 70.00% |
Principal activities | Development of online game and computer software for related companies and provision of advertising services |
Xunlei Network Technologies Limited BVI [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | British Virgin Islands |
Date of incorporation | Feb. 28, 2011 |
Relationship | Subsidiary |
Percentage of direct or indirect economic ownership | 100.00% |
Principal activities | Holding company |
Xunlei Network Technologies Limited HK [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | Hong Kong |
Date of incorporation | Mar. 31, 2011 |
Relationship | Subsidiary |
Percentage of direct or indirect economic ownership | 100.00% |
Principal activities | Development computer software of related companies and provision of advertising services |
Xunlei Computer (Shenzhen) Co., Ltd. [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | China |
Date of incorporation | Nov. 30, 2011 |
Relationship | Subsidiary |
Percentage of direct or indirect economic ownership | 100.00% |
Principal activities | Development of computer software and provision of information technology services to related companies |
Shenzhen Onething Technologies Co Ltd [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | China |
Date of incorporation | Sep. 30, 2013 |
Relationship | VIEs subsidiary |
Percentage of direct or indirect economic ownership | 100.00% |
Principal activities | Development of computer software and provision of information technology services to related companies |
Beijing Xunjing Technologies Co Ltd [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | China |
Date of incorporation | Oct. 31, 2015 |
Relationship | VIEs subsidiary |
Percentage of direct or indirect economic ownership | 100.00% |
Principal activities | Development of computer software and provision of information technology services |
Shenzhen Crystal Interactive Technologies Co [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | China |
Date of incorporation | May 31, 2016 |
Relationship | VIEs subsidiary |
Percentage of direct or indirect economic ownership | 100.00% |
Principal activities | Development of computer software and provision of information technology services |
Shenzhen Xunlei Venture Capital Partnership Enterprise [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | China |
Date of incorporation | Jun. 30, 2016 |
Relationship | VIEs subsidiary |
Percentage of direct or indirect economic ownership | 99.00% |
Principal activities | Investments in industries and consultation in investments |
Shenzhen Xunlei Kankan Information Technologies Co., Ltd. [Member] | |
Variable Interest Entity [Line Items] | |
Place of incorporation | China |
Date of incorporation | Aug. 31, 2008 |
Relationship | VIEs subsidiary |
Percentage of direct or indirect economic ownership | 100.00% |
Principal activities | Development of software for related companies (note a) |
X | ||||||||||
- Definition Date when an entity was incorporated No definition available.
|
X | ||||||||||
- Definition State or Country Name where an entity is incorporated No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Describes the relationship and business conducted between the reporting entity and the Variable Interest Entity (VIE). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the Variable Interest Entity's (VIE) voting interest owned by (or beneficial interest in) the reporting entity (directly or indirectly). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Description of the transactions or business conducted by the Variable Interest Entity (VIE), including how the VIE is financed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
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X | ||||||||||
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|
Accounting Policies and General Information [Line Items] | ||||
Allowance for doubtful accounts | $ 119 | $ 126 | $ 131 | |
Impairment of long-term investments | $ 1,660 | 800 | ||
Fair value of a reporting unit less than carrying amount, including goodwill | 50.00% | |||
Goodwill impairment losses | $ 0 | |||
Sales rebates provided to the agencies and advertisers | 15 | 1,179 | 5,005 | |
Content sub-licensing revenue from discontinued operations | 2,929 | 9,218 | ||
Net gains from barter transactions | 137 | 1,556 | ||
Net proceeds from barter transactions | 409 | 4,428 | ||
Barter transaction cost | 247 | 2,606 | ||
Business tax and surcharge on barter transactions | 25 | 266 | ||
External advertising and market promotion expenses from continuing operations | 10,008 | 8,089 | 5,978 | |
Capitalization of software development costs | ||||
Interest and penalties net of tax recognized | $ 0 | 0 | 0 | |
Value added tax on revenues | 17.00% | |||
Value added tax on sub-licensing revenues | 6.00% | |||
Employee benefit costs | $ 9,237 | $ 5,481 | $ 3,818 | |
Statutory general reserve rate | 10.00% | |||
Statutory general reserve rate of registered capital | 50.00% | |||
Dividends declared | $ 0 | $ 0 | $ 0 | |
Fair Value Inputs, Discount Rate | 18.20% | |||
Minimum [Member] | ||||
Accounting Policies and General Information [Line Items] | ||||
Amortization percentage of intangible assets | 70.00% | |||
Maximum [Member] | ||||
Accounting Policies and General Information [Line Items] | ||||
Amortization percentage of intangible assets | 90.00% | |||
Fair Value Discounted Cash Flow, Estimated Annual Growth Rate | 2.00% | |||
Online game licenses [Member] | ||||
Accounting Policies and General Information [Line Items] | ||||
Other intangible assets, amortization period | 3 years | |||
Impairment of intangible assets | $ 721 | $ 770 | $ 808 | |
Acquired computer software [Member] | ||||
Accounting Policies and General Information [Line Items] | ||||
Other intangible assets, amortization period | 5 years | |||
Internal use software development costs [Member] | ||||
Accounting Policies and General Information [Line Items] | ||||
Other intangible assets, amortization period | 5 years | |||
Domain name [Member] | ||||
Accounting Policies and General Information [Line Items] | ||||
Other intangible assets, amortization period | 5 years | |||
Land use right [Member] | ||||
Accounting Policies and General Information [Line Items] | ||||
Other intangible assets, amortization period | 30 years |
X | ||||||||||
- Definition Total expense recognized from advertising barter transactions for each income statement presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total revenue recognized from advertising barter transactions for each income statement presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The carrying amount of capitalized computer software costs net of accumulated amortization as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of the cost recognized during the period for defined contribution plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of an intangible asset (excluding goodwill) to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The sum of the amounts of estimated penalties and interest recognized in the period arising from income tax examinations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Revenue from multiple-deliverable arrangements that include licensing fees and services revenue. Licensing revenue is consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Services revenue may be derived by providing other, nonspecified, services during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of fair value of reporting unit in excess of carrying amount. No definition available.
|
X | ||||||||||
- Definition Aggregate cash discounts given by the entity for services rendered to customers for early payments of accounts due. For example, selling terms of "2/10, net 30" entitle a customer to a 2% discount for prompt payment within 10 days, otherwise full payment is expected in 30 days. Discounts are a deduction from gross revenue in arriving at net revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Accounting Policies and General Information [Line Items] No definition available.
|
X | ||||||||||
- Definition Advertising Barter Transactions Advertising Barter Net Gains No definition available.
|
X | ||||||||||
- Definition Business Tax And Surcharges No definition available.
|
X | ||||||||||
- Definition Discounted cash flow extrapolated maximum to growth rate. No definition available.
|
X | ||||||||||
- Definition Percentage Of Amortized Cost No definition available.
|
X | ||||||||||
- Definition Statutory General Reserve Fund As Percentage Of Registered Capital No definition available.
|
X | ||||||||||
- Definition Statutory General Reserve Rate Percentage On Net Income No definition available.
|
X | ||||||||||
- Definition Value Added Tax In Certain Service Revenues No definition available.
|
X | ||||||||||
- Definition Value Added Tax Rate No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Summary of Significant Accounting Policies - Schedule of Property and Equipment Estimated Useful Life (Detail) |
12 Months Ended |
---|---|
Dec. 31, 2016 | |
Servers and network equipment [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 5 years |
Residual rate | 5.00% |
Computer equipment [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 5 years |
Residual rate | 5.00% |
Furniture, fittings and office equipment [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 5 years |
Residual rate | 5.00% |
Motor vehicles [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 5 years |
Residual rate | 5.00% |
Leasehold improvements [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | shorter of lease term or 3 years |
Estimated useful lives | 3 years |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Stated as a percentage, the estimated or actual value of the asset at the end of its useful life or when it is no longer serviceable (cannot be used for its original purpose) divided by its [historical] capitalized cost. No definition available.
|
X | ||||||||||
- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
X | ||||||||||
- Definition Describes the periods of time over which an entity anticipates to receive utility from its property, plant and equipment (that is, the periods of time over which an entity allocates the initial cost of its property, plant and equipment). No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Summary of Significant Accounting Policies - Analysis of Different Types of Revenues (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||
Revenue from continuing operations | |||||
Subscription revenue | $ 90,163 | $ 82,435 | $ 98,189 | ||
Advertising revenue | 16,874 | 4,802 | 5,834 | ||
Other internet value-added services | [1] | 49,929 | 42,759 | 31,789 | |
Total | $ 156,966 | $ 129,996 | $ 135,812 | ||
|
X | ||||||||||
- Definition Revenue from the sale of advertising time (such as television and radio) or space (newspaper or magazine pages). May also include advertising, marketing and promotional services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after sales adjustments, returns, allowances, and discounts, of revenue classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Revenue from circulation or sale of subscriptions (for example, but not limited to, subscriptions to a magazine or newspaper). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Summary of Significant Accounting Policies - Schedule of Balances of Registered Capital, Additional Paid-in-Capital and Statutory Reserves (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Accounting Policies and General Information [Line Items] | ||
Additional paid-in capital | $ 453,347 | $ 458,270 |
Statutory reserves | 5,132 | 5,132 |
China [Member] | ||
Accounting Policies and General Information [Line Items] | ||
Paid-in capital | 118,733 | 112,435 |
Additional paid-in capital | 161 | 161 |
Statutory reserves | 5,132 | 5,132 |
Total | $ 124,026 | $ 117,728 |
X | ||||||||||
- Definition Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Accounting Policies and General Information [Line Items] No definition available.
|
X | ||||||||||
- Definition Amount of paid-in capital of joint ventures, subsidiary and equity investments. No definition available.
|
X | ||||||||||
- Definition Registered Capital Additional Paid In Capital And Statutory Reserves No definition available.
|
X | ||||||||||
- Definition Amount set aside as reserve under the statute for the purpose specified under the statute. No definition available.
|
X | ||||||||||
- Details
|
Discontinued operations (Narrative) (Details) ¥ in Thousands, $ in Thousands |
Jul. 15, 2015
USD ($)
|
Jul. 31, 2015
USD ($)
|
Jul. 31, 2015
CNY (¥)
|
---|---|---|---|
Discontinued operations [Line Items] | |||
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $ 1,505 | ||
Xunlei Kankan [Member] | |||
Discontinued operations [Line Items] | |||
Sales price | $ 21,183 | ¥ 130,000 |
X | ||||||||||
- Definition Amount after tax of gain (loss) not previously recognized resulting from the disposal of a discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of consideration received or receivable for the disposal of assets and liabilities, including discontinued operation. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
Discontinued operations (Schedule of Discontinued Operations) (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Results of the discontinued operation | |||
Income taxes benefits/(expenses) | $ 36 | $ (2,048) | $ 1,923 |
Xunlei Kankan [Member] | |||
Results of the discontinued operation | |||
Revenues, net of rebates and discounts | 15,677 | 47,075 | |
Business taxes and surcharges | (447) | (1,480) | |
Net revenues | 15,230 | 45,595 | |
Cost of revenues | (13,240) | (42,704) | |
Gross profit | 1,990 | 2,891 | |
Research and development expenses | 5 | (3,245) | (6,035) |
Sales and marketing expenses | (27) | (7,384) | (15,726) |
General and administrative expenses | (221) | (3,051) | (3,016) |
Total operating expenses | (243) | (13,680) | (24,777) |
Net gain from exchanges of content copyrights | 137 | 1,556 | |
Operating loss | (243) | (11,553) | (20,330) |
Gain on disposal of Kankan | 1,505 | ||
Income taxes benefits/(expenses) | 36 | (2,048) | 1,923 |
Loss from discontinued operations | (207) | (12,096) | (18,407) |
Assets | |||
Accounts receivable, net | 23,741 | ||
Prepayments and other current assets | 670 | ||
Copyrights related to content-current portion | 16,013 | ||
Property and equipment, net | 1,111 | ||
Intangible assets | 4,997 | ||
Prepayment for content | 456 | ||
Other long-term prepayments and receivables | 57 | ||
Total assets held for sale | 47,045 | ||
Current liabilities | |||
Accounts payables | 25,267 | ||
Deferred revenue, current portion | 1,018 | ||
Accrued liabilities and other payables | 1,082 | ||
Total liabilities held for sale | 27,367 | ||
Cash flows generated from/ (used in) discontinued operations | |||
Net cash generated from/(used in) operating activities | (215) | (1,554) | 2,293 |
Net cash (used in)/generated from investing activities | 9,135 | (34,661) | |
Net cash used in financing activities | |||
Net cash flow for the year | $ (215) | $ 7,581 | $ (32,368) |
X | ||||||||||
- Definition Amount classified as assets attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) of financing activities of discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) of investing activities of discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) of operating activities of discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax of gain (loss) not previously recognized resulting from the disposal of a discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as accounts, notes and loans receivable attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as accounts payable attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as accrued liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of costs of goods sold attributable to disposal group, including, but not limited to, discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as deferred revenue attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of general and administrative expense attributable to disposal group, including, but not limited to, discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of gross profit attributable to disposal group, including, but not limited to, discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as intangible assets, excluding goodwill, attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as intangible assets, excluding goodwill, attributable to disposal group held for sale or disposed of, expected to be disposed of beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of operating income (loss) attributable to disposal group, including, but not limited to, discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of other income attributable to disposal group, including, but not limited to, discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as other assets attributable to disposal group held for sale or disposed of, expected to be disposed of after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as property, plant and equipment attributable to disposal group held for sale or disposed of, expected to be disposed of after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of revenue attributable to disposal group, including, but not limited to, discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as liabilities attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Increase (decrease) in cash associated with the entity's discontinued operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of aggregate operating expense attributable to disposal group, including, but not limited to, discontinued operation. No definition available.
|
X | ||||||||||
- Definition Amount of business taxes and surcharges attributable to disposal group, including, but not limited to, discontinued operation. No definition available.
|
X | ||||||||||
- Definition Amount of net revenue attributable to disposal group, including, but not limited to, discontinued operation. No definition available.
|
X | ||||||||||
- Definition Amount classified as prepayment for content attributable to disposal group held for sale or disposed of, expected to be disposed of after one year or the normal operating cycle, if longer. No definition available.
|
X | ||||||||||
- Definition Amount classified as prepayments and other current assets attributable to disposal group, expected to be disposed of within one year or the normal operating cycle, if longer. No definition available.
|
X | ||||||||||
- Definition Amount of research and development expenses attributable to disposal group, including, but not limited to, discontinued operation. No definition available.
|
X | ||||||||||
- Definition Amount of sales and marketing expenses attributable to disposal group, including, but not limited to, discontinued operation. No definition available.
|
X | ||||||||||
- Details
|
Cash and Cash Equivalents - Additional Information (Detail) |
12 Months Ended |
---|---|
Dec. 31, 2016 | |
Cash and Cash Equivalents [Line Items] | |
Cash and cash equivalents maturity period | 3 months |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Represents the maximum period for maturity of cash and cash equivalents. No definition available.
|
Cash and Cash Equivalents - Summary of Cash on Hand and Cash Held at Bank (Detail) ¥ in Thousands, HKD in Thousands, $ in Thousands |
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
HKD
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2015
HKD
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2013
USD ($)
|
---|---|---|---|---|---|---|---|---|
Cash and Cash Equivalents [Line Items] | ||||||||
Cash on hand and cash held at bank | $ 199,504 | $ 361,777 | $ 404,275 | $ 93,906 | ||||
RMB [Member] | ||||||||
Cash and Cash Equivalents [Line Items] | ||||||||
Cash on hand and cash held at bank | ¥ 538,660 | 77,651 | ¥ 606,845 | 93,454 | ||||
USD [Member] | ||||||||
Cash and Cash Equivalents [Line Items] | ||||||||
Cash on hand and cash held at bank | 121,726 | 268,198 | ||||||
HKD [Member] | ||||||||
Cash and Cash Equivalents [Line Items] | ||||||||
Cash on hand and cash held at bank | $ 127 | HKD 987 | $ 125 | HKD 969 |
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Cash and Cash Equivalents - Summary of Time Deposits (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2015
USD ($)
|
---|---|---|---|---|
Cash and Cash Equivalents [Line Items] | ||||
Time deposits | $ 115,944 | $ 314,357 | ||
RMB [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Time deposits | ¥ 349,099 | 53,760 | ||
USD [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Time deposits | $ 115,944 | $ 260,597 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Any certificate of deposit or savings account held by a bank or other financial institution for a short-term specified period of time. Because of their short-term, time deposits are considered highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Short-Term Investments - Schedule of Short-Term Investments (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
||
---|---|---|---|---|
Schedule of Investments [Line Items] | ||||
Short-term investments | $ 181,960 | $ 70,328 | ||
Time deposits [Member] | ||||
Schedule of Investments [Line Items] | ||||
Short-term investments | 38,829 | 0 | ||
Investments in financial instruments [Member] | ||||
Schedule of Investments [Line Items] | ||||
Short-term investments | [1] | $ 143,131 | $ 70,328 | |
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Short-Term Investments - Additional Information (Detail) |
12 Months Ended |
---|---|
Dec. 31, 2016 | |
Short-term investments' maturity period | 1 year |
X | ||||||||||
- Definition Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy. The maturity period of the investment. No definition available.
|
Accounts Receivable, Net - Schedule of Accounts Receivable (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
---|---|---|---|---|
Assets held for sale | ||||
Accounts receivable | $ 14,655 | $ 11,392 | ||
Less: Allowance for doubtful accounts | (119) | (126) | $ (131) | |
Accounts receivable, net | $ 14,536 | $ 11,266 |
X | ||||||||||
- Definition Amounts due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer) for goods or services (including trade receivables) that have been delivered or sold in the normal course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
Accounts Receivable, Net - Schedule of Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Balance at beginning of the year | $ 126 | $ 131 | |
Additions | 4 | 523 | |
Write-off | (393) | ||
Exchange difference | (7) | (9) | 1 |
Balance at end of the year | $ 119 | $ 126 | $ 131 |
X | ||||||||||
- Definition A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of direct write-downs of accounts receivable charged against the allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Represents the mount of addition in the allowance for doubtful accounts during the reporting period. No definition available.
|
X | ||||||||||
- Definition The amount of foreign exchange gain or loss on allowance for doubtful accounts receivable exchange adjustment. No definition available.
|
Accounts Receivable, Net - Additional Information (Detail) $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 31, 2016
USD ($)
Customer
|
Dec. 31, 2015
USD ($)
|
|
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable reserved | $ | $ 0.1 | $ 0.1 |
Number of top customers | Customer | 10 | |
Credit concentration risk [Member] | Accounts receivable [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable, percentage | 76.00% | 39.00% |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs. No definition available.
|
X | ||||||||||
- Definition Number Of Major Customers No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Prepayments and other assets - Schedule of Prepayments and Other Assets (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Jan. 31, 2016 |
Dec. 31, 2015 |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Current portion: | ||||||||||||||
Advance to suppliers | $ 2,392 | $ 882 | ||||||||||||
Interest-free loans to employees | [1] | 3,964 | 3,200 | |||||||||||
Advance to employees for business purposes | 351 | 957 | ||||||||||||
Interest receivable | 210 | 564 | ||||||||||||
Rental and other deposits | 1,014 | 224 | ||||||||||||
Prepayment for share repurchase plan | [2] | $ 700 | 712 | [2] | ||||||||||
Prepaid management insurance | 145 | 209 | ||||||||||||
Receivable from Nesound | [3] | 3,748 | 4,004 | |||||||||||
Prepayment for taxation | 1,392 | 2,041 | ||||||||||||
Others | 377 | 275 | ||||||||||||
Total of prepayments and other current assets | 13,593 | 13,068 | ||||||||||||
Non-current portion: | ||||||||||||||
Long term receivable | 1,812 | |||||||||||||
Low-interest loans to employees, non-current portion | [4] | 697 | 833 | |||||||||||
Total of long-term prepayments and other assets | 1,187 | 7,431 | ||||||||||||
Online game licenses [Member] | ||||||||||||||
Non-current portion: | ||||||||||||||
Prepayments for intangible assets | $ 490 | $ 4,786 | ||||||||||||
|
X | ||||||||||
- Definition Carrying amount as of the balance sheet date of current interest earned but not received. Also called accrued interest or accrued interest receivable. For classified balance sheets, represents the current amount receivable, that is amounts expected to be collected within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for other costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of amounts paid in advance for expenses which will be charged against earnings in periods after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for insurance that provides economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for income and other taxes that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of consideration paid in advance for supplies that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This describes the reasons that the entity enters into advance to employees agreements. Amount at the balance sheet date that has been received by the employees paid in advance. No definition available.
|
X | ||||||||||
- Definition The payment to be received by the entity one year after the closing date. No definition available.
|
X | ||||||||||
- Definition Interest free loans to employees current. No definition available.
|
X | ||||||||||
- Definition Amount of long term receivable, non current. No definition available.
|
X | ||||||||||
- Definition Low interest loans to employees non current. No definition available.
|
X | ||||||||||
- Definition Amount at the balance sheet date that has been received by the entity that represents rents and in all other deposits that have not otherwise been stated in the taxonomy paid in advance. No definition available.
|
X | ||||||||||
- Definition Prepayment for share repurchase plan. No definition available.
|
X | ||||||||||
- Details
|
Prepayments and other assets - Schedule of Prepayments and Other Assets (Parenthetical) (Detail) - USD ($) $ in Thousands |
12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Jan. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||||
Low-interest employee loan repayable period | 10 years | |||||||
Share repurchase program amount | $ 20,000 | |||||||
Prepaid amount to security broker | [1] | $ 700 | $ 712 | [1] | ||||
Stock Repurchase Program, Prepayment to Broker | $ 20,000 | |||||||
|
X | ||||||||||
- Definition Amount of stock repurchase plan authorized. No definition available.
|
X | ||||||||||
- Definition Employee loan repayable period. No definition available.
|
X | ||||||||||
- Definition Prepayment for share repurchase plan. No definition available.
|
X | ||||||||||
- Definition The prepayment for share repurchase plan represented prepayment made to a securities broker for a share repurchase. No definition available.
|
Property and Equipment - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | $ 48,117 | $ 42,556 |
Less: Accumulated depreciation | (27,675) | (24,534) |
Sub-total | 20,442 | 18,022 |
Construction in progress | 574 | 14 |
Total | 21,016 | 18,036 |
Servers and network equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | 42,641 | 37,332 |
Computer equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | 1,538 | 1,544 |
Furniture, fittings and office equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | 845 | 856 |
Motor vehicles [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | 299 | 320 |
Leasehold improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | $ 2,794 | $ 2,504 |
X | ||||||||||
- Definition Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of structure or a modification to a structure under construction. Includes recently completed structures or modifications to structures that have not been placed into service. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets excluding construction in progress used in the normal conduct of business to produce goods and services and not intended for resale. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Property and Equipment - Summary of Depreciation Expense (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Property, Plant and Equipment [Line Items] | |||
Depreciation expense | $ 6,165 | $ 5,646 | $ 6,500 |
Cost of Revenue [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Depreciation expense | 5,848 | 5,003 | 5,652 |
General and administrative expenses [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Depreciation expense | 306 | 628 | 715 |
Sales and marketing expenses [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Depreciation expense | 5 | 7 | 123 |
Research and Development Expense [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Depreciation expense | $ 6 | $ 8 | $ 10 |
X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Property and Equipment - Additional Information (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Impairment loss | $ 0 | $ 0 | $ 0 |
X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Intangible assets, net - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||
---|---|---|---|---|---|
Finite-Lived Intangible Assets [Line Items] | |||||
Cost | $ 20,648 | $ 21,732 | |||
Amortization | (9,181) | (7,529) | |||
Impairment | (721) | (770) | |||
Net book value | 10,746 | 13,433 | |||
Land use right [Member] | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Cost | 4,796 | 5,123 | |||
Amortization | (543) | (409) | |||
Impairment | |||||
Net book value | 4,253 | 4,714 | |||
Trademarks [Member] | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Cost | 5,441 | 5,812 | |||
Amortization | (1,814) | (1,107) | |||
Impairment | |||||
Net book value | 3,627 | 4,705 | |||
Non-compete agreement [Member] | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Cost | 1,325 | 1,415 | |||
Amortization | (773) | (472) | |||
Impairment | |||||
Net book value | 552 | 943 | |||
Technology (including right-to-use) [Member] | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Cost | 2,117 | 2,261 | |||
Amortization | (617) | (377) | |||
Impairment | |||||
Net book value | 1,500 | 1,884 | |||
Acquired computer software [Member] | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Cost | 884 | 619 | |||
Amortization | (420) | (255) | |||
Impairment | |||||
Net book value | 464 | 364 | |||
Internal use software development costs [Member] | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Cost | 631 | 675 | |||
Amortization | (631) | (641) | |||
Impairment | |||||
Net book value | 0 | 34 | |||
Online game licenses [Member] | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Cost | [1] | 5,454 | 5,827 | ||
Amortization | [1] | (4,383) | (4,268) | ||
Impairment | [1] | (721) | (770) | ||
Net book value | [1] | $ 350 | $ 789 | ||
|
X | ||||||||||
- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total loss recognized during the period resulting from the impairment of the carrying amount of intangible assets with a finite life. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Intangible assets, net - Schedule of Amortization Expense Recognized (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Finite-Lived Intangible Assets [Line Items] | |||
Amortization expense | $ 2,223 | $ 2,668 | $ 2,055 |
Cost of Revenues [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Amortization expense | 403 | 693 | 1,141 |
General and administrative expenses [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Amortization expense | 323 | 386 | 372 |
Research and development expenses [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Amortization expense | $ 1,497 | $ 1,589 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Represents the aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets from continuing operations. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Intangible assets, net - Schedule of Estimated Aggregate Amortization Expense (Detail) $ in Thousands |
Dec. 31, 2016
USD ($)
|
---|---|
Finite-Lived Intangible Assets [Line Items] | |
2017 | $ 2,057 |
2018 | 1,623 |
2019 | 1,251 |
2020 | 1,233 |
2021 and thereafter | $ 4,582 |
X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Finite lived intangible assets amortization expense year five and thereafter. No definition available.
|
Intangible assets, net - Schedule of Weighted Average Amortization Periods of Intangible Assets (Detail) |
12 Months Ended | |
---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Finite-Lived Intangible Assets [Line Items] | ||
Weighted average amortization periods of intangible assets | 11 years | 11 years |
Land use right [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Weighted average amortization periods of intangible assets | 30 years | 30 years |
Trademarks [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Weighted average amortization periods of intangible assets | 7 years | 7 years |
Non-compete agreement [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Weighted average amortization periods of intangible assets | 4 years | 4 years |
Technology (including right-to-use) [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Weighted average amortization periods of intangible assets | 8 years | 8 years |
Acquired computer software [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Weighted average amortization periods of intangible assets | 5 years | 5 years |
Internal use software development costs [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Weighted average amortization periods of intangible assets | 5 years | 5 years |
Online game licenses [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Weighted average amortization periods of intangible assets | 3 years | 3 years |
X | ||||||||||
- Definition Weighted average period before the next renewal or extension (both explicit and implicit) for intangible assets that have been renewed or extended, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Inventories (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||||||
---|---|---|---|---|---|---|---|---|---|
Inventories [Line Items] | |||||||||
Inventories | $ 374 | $ 480 | |||||||
ZQB [Member] | |||||||||
Inventories [Line Items] | |||||||||
Inventories | [1] | 31 | 92 | ||||||
XZB [Member] | |||||||||
Inventories [Line Items] | |||||||||
Inventories | [2] | 152 | 76 | ||||||
Online Shopping Mall Inventories [Member] | |||||||||
Inventories [Line Items] | |||||||||
Inventories | [3] | 47 | 153 | ||||||
Others [Member] | |||||||||
Inventories [Line Items] | |||||||||
Inventories | $ 144 | $ 159 | |||||||
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Long-term investments - Schedule of Long-Term Investments (Detail) $ in Thousands, ¥ in Millions |
12 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2014
USD ($)
|
||||||||||||
Equity method investments: | |||||||||||||||
Balance at beginning of the year | $ 2,162 | $ 2,965 | |||||||||||||
Additions | [1] | 1,442 | |||||||||||||
Disposal | [2] | (701) | |||||||||||||
Share of loss from equity investees | (195) | (12) | $ (259) | ||||||||||||
Dilution gains arising from deemed disposal of investments | 689 | [3] | 702 | [3] | 449 | ||||||||||
Transfer to cost method investments | (786) | (1,349) | |||||||||||||
Exchange differences | (132) | (144) | |||||||||||||
Balance at end of the year | 1,790 | 2,162 | 2,965 | ||||||||||||
Cost method investments: | |||||||||||||||
Balance at beginning of the year | 9,157 | 2,533 | |||||||||||||
Additions | [1],[4] | 32,707 | 6,506 | ||||||||||||
Disposal | [2] | (2,220) | |||||||||||||
Dilution gains arising from deemed disposal of investment | [2],[3] | 689 | |||||||||||||
Transfer from equity method investments | 786 | 1,349 | |||||||||||||
Exchange difference | (463) | (429) | |||||||||||||
Less: impairment loss on long-term investments | (1,654) | (802) | ¥ (5) | ||||||||||||
Balance at end of the year | 39,002 | 9,157 | $ 2,533 | ||||||||||||
Total long-term investments | $ 40,792 | $ 11,319 | |||||||||||||
|
X | ||||||||||
- Definition Amount, after adjustment, of cost-method investment. Adjustments include, but are not limited to, dividends received in excess of earnings after date of investment that are considered a return of investment and other than temporary impairments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the cost method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This element represents disclosure of the amount of gain which has been deferred as the result of the sale of a business or operating assets to a highly leveraged entity which deferred gain has been reflected in the accompanying statement of financial position as reduction from the related asset. No definition available.
|
X | ||||||||||
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Additions to Equity Method Investments No definition available.
|
X | ||||||||||
- Definition This element represents disclosure of the amount of gain which has been deferred as the result of the sale of a business or operating assets to a highly leveraged entity under cost method which deferred gain has been reflected in the accompanying statement of financial position as reduction from the related asset. No definition available.
|
X | ||||||||||
- Definition Cost Method Investments Additions No definition available.
|
X | ||||||||||
- Definition Amount of cost method investments transferred from equity method investments. No definition available.
|
X | ||||||||||
- Definition Disposal of cost method investments. No definition available.
|
X | ||||||||||
- Definition Disposal of equity method investments. No definition available.
|
X | ||||||||||
- Definition Amount of equity method investments transferred to cost method investments. No definition available.
|
X | ||||||||||
- Definition Increase decrease in cost method investment due to foreign currency translation adjustment. No definition available.
|
X | ||||||||||
- Definition Increase (Decrease) In Equity Method Investment Due To Foreign Currency Translation Adjustment No definition available.
|
Long-term investments - Schedule of Equity Investments, Percentage of Ownership of Common Share (Detail) |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Zhuhai Qianyou [Member] | |||||||||||||
Equity method investments: | |||||||||||||
Equity method investments, Percentage of ownership of common share | 19.00% | 19.00% | |||||||||||
Guangzhou Yuechuan [Member] | |||||||||||||
Equity method investments: | |||||||||||||
Equity method investments, Percentage of ownership of common share | [1] | 10.13% | 19.13% | ||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [1] | 9.30% | 10.13% | ||||||||||
Chengdu Diting [Member] | |||||||||||||
Equity method investments: | |||||||||||||
Equity method investments, Percentage of ownership of common share | [2] | 12.74% | 13.27% | ||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | 13.27% | 16.58% | |||||||||||
Shenzhen Kushiduo [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [2],[3] | 10.00% | 12.50% | ||||||||||
Shanghai Guozhi [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | 16.80% | 21.00% | |||||||||||
Guangzhou Wucai [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [4] | 10.00% | |||||||||||
Guangzhou Hongsi [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | 19.90% | 19.90% | |||||||||||
Tianjin Kunzhiyi [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [2] | 19.99% | |||||||||||
Suzhou Heidisi [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [3],[4] | 19.90% | |||||||||||
Xiamen Diensi [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [2],[3],[5] | 14.25% | 15.00% | ||||||||||
Nanjing Qianyi [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [1],[3] | 20.00% | |||||||||||
11.2 Capital [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [3] | 2.05% | 2.24% | ||||||||||
Cloudtropy [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [3],[5] | 9.69% | 1.13% | ||||||||||
Shenzhen Xunlei [Member] | |||||||||||||
Equity method investments: | |||||||||||||
Equity method investments, Percentage of ownership of common share | [5] | 43.16% | |||||||||||
Shanghai Lexiang [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [5] | 15.00% | |||||||||||
Hangzhou Feixiang [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [5] | 20.00% | |||||||||||
Shenzhen Meizhi Interactive Technology Co Ltd [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [2],[5] | 8.13% | |||||||||||
Beijing Yunhui [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [5] | 7.50% | |||||||||||
Arashi Vision [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [5] | 11.46% | |||||||||||
Cloudin Technology [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | [5] | 4.47% | |||||||||||
Shenzhen RenJian RenAi Networking Technology Co Ltd [Member] | |||||||||||||
Cost method investments: | |||||||||||||
Cost method investments, Percentage of ownership of common share | |||||||||||||
|
X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Cost Method Investments Ownership Percentage No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
Long-term investments - Schedule of Equity Investments, Percentage of Ownership of Common Share (Parenthetical) (Detail) ¥ in Thousands, shares in Thousands, $ in Thousands |
1 Months Ended | 12 Months Ended | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Aug. 31, 2015
USD ($)
shares
|
Apr. 30, 2015
USD ($)
|
Apr. 30, 2015
CNY (¥)
|
May 31, 2014
USD ($)
|
May 31, 2014
CNY (¥)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2014
USD ($)
|
||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Number of equity investments | 7 | 7 | 5 | 5 | |||||||||||||||||||
Diluted gain arising from sale of shares | $ 689 | [1] | $ 702 | [1] | $ 449 | ||||||||||||||||||
Disposal Of Cost Method Investments | [2] | (2,220) | |||||||||||||||||||||
Cost Method Investment, Deferred Gain on Sale | [1],[2] | 689 | |||||||||||||||||||||
Cost-method Investments, Other than Temporary Impairment | 1,654 | 802 | ¥ 5,000 | ||||||||||||||||||||
Equity Method Investments | 1,790 | 2,162 | 2,965 | ||||||||||||||||||||
Cost Method Investments Additions | [3],[4] | 32,707 | 6,506 | ||||||||||||||||||||
Payments to Acquire Equity Method Investments | 28,242 | ||||||||||||||||||||||
Other Long-term Investments [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Investment Income, Interest and Dividend | 626 | ||||||||||||||||||||||
Guangzhou Yuechuan [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Consideration received by equity method investee | $ 1,300 | ||||||||||||||||||||||
Equity method investments, Percentage of ownership of common share | [2] | 10.13% | 19.13% | ||||||||||||||||||||
Diluted gain arising from sale of shares | $ 69 | ||||||||||||||||||||||
Investments in cost method investment | $ 701 | ||||||||||||||||||||||
Cost method investments, ownership percentage | [2] | 9.30% | 10.13% | ||||||||||||||||||||
Equity Method Investment, Decrease In Ownership Percentage | 9.00% | 9.00% | |||||||||||||||||||||
Chengdu Diting [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Consideration received by equity method investee | $ 1,627 | ¥ 10,000 | |||||||||||||||||||||
Equity method investments, Percentage of ownership of common share | [1] | 12.74% | 13.27% | ||||||||||||||||||||
Diluted gain arising from sale of shares | $ 702 | ¥ 4,380 | |||||||||||||||||||||
Investments in cost method investment | $ 6,390 | ¥ 39,070 | |||||||||||||||||||||
Cost method investments, ownership percentage | 13.27% | 16.58% | |||||||||||||||||||||
Number of board of directors seats of investee to be appointed by Group | 1 | 1 | |||||||||||||||||||||
Number of board of directors seats of investee | 5 | 5 | |||||||||||||||||||||
Cost Method Investment, Deferred Gain on Sale | $ 248 | ||||||||||||||||||||||
Shenzhen Kushiduo [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Investments in cost method investment | $ 39 | ||||||||||||||||||||||
Number of shares acquired of cost method investee | shares | 25 | ||||||||||||||||||||||
Cost method investments, ownership percentage | [1],[3] | 10.00% | 12.50% | ||||||||||||||||||||
Nanjing Qianyi Video Information Technology Co Ltd [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Cost method investments, ownership percentage | [2],[3] | 20.00% | |||||||||||||||||||||
Disposal Of Cost Method Investments | $ 2,160 | ||||||||||||||||||||||
Shenzhen RenJian RenAi Networking Technology Co Ltd [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Cost method investments, ownership percentage | |||||||||||||||||||||||
Cost-method Investments, Other than Temporary Impairment | $ 230 | ||||||||||||||||||||||
Xiamen Diensi Network Technology Company Limited [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Cost method investments, ownership percentage | [1],[3],[4] | 14.25% | 15.00% | ||||||||||||||||||||
Cost Method Investment, Deferred Gain on Sale | $ 100 | ||||||||||||||||||||||
Guangzhou Wucai [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Cost method investments, ownership percentage | [5] | 10.00% | |||||||||||||||||||||
Cost-method Investments, Other than Temporary Impairment | $ 301 | ||||||||||||||||||||||
Suzhou Heidisi Network Technology Company Ltd [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Cost method investments, ownership percentage | [3],[5] | 19.90% | |||||||||||||||||||||
Cost-method Investments, Other than Temporary Impairment | $ 597 | ||||||||||||||||||||||
Shanghai Guozhi [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Cost method investments, ownership percentage | 16.80% | 21.00% | |||||||||||||||||||||
Cost-method Investments, Other than Temporary Impairment | $ 526 | ||||||||||||||||||||||
Shenzhen Xunlei Big Data Information Service Co., Ltd. [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Equity method investments, Percentage of ownership of common share | 43.16% | ||||||||||||||||||||||
Payments to Acquire Equity Method Investments | $ 1,442 | ||||||||||||||||||||||
Cloudtropy [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Cost method investments, ownership percentage | [3],[4] | 9.69% | 1.13% | ||||||||||||||||||||
Cost Method Investments Additions | $ 3,780 | ||||||||||||||||||||||
Xiamen Diensi Technology Co., Ltd [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Equity method investments, Percentage of ownership of common share | 14.25% | 15.00% | |||||||||||||||||||||
Equity Method Investments | $ 700 | ||||||||||||||||||||||
Meizhi Interactive [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Cost Method Investment, Deferred Gain on Sale | 84 | ||||||||||||||||||||||
Kushiduo [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Cost Method Investment, Deferred Gain on Sale | 188 | ||||||||||||||||||||||
RenJianRenAi [Member] | |||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||
Investments in cost method investment | $ 58 | ||||||||||||||||||||||
|
X | ||||||||||
- Definition This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the cost method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This element represents disclosure of the amount of gain which has been deferred as the result of the sale of a business or operating assets to a highly leveraged entity which deferred gain has been reflected in the accompanying statement of financial position as reduction from the related asset. No definition available.
|
X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income and dividend income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash outflow to acquire investments classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of consideration received by subsidiary or equity investee in exchange for shares of stock issued or sold. Includes amount of cash received, fair value of noncash assets received, and fair value of liabilities assumed by the investor. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition This element represents disclosure of the amount of gain which has been deferred as the result of the sale of a business or operating assets to a highly leveraged entity under cost method which deferred gain has been reflected in the accompanying statement of financial position as reduction from the related asset. No definition available.
|
X | ||||||||||
- Definition The number of shares acquired of cost method investee. No definition available.
|
X | ||||||||||
- Definition Cost Method Investments Additions No definition available.
|
X | ||||||||||
- Definition Cost Method Investments Ownership Percentage No definition available.
|
X | ||||||||||
- Definition Disposal of cost method investments. No definition available.
|
X | ||||||||||
- Definition Represents decrease in ownership percentage. No definition available.
|
X | ||||||||||
- Definition The number of board of directors seats of investee. No definition available.
|
X | ||||||||||
- Definition The number of board of directors seats of investee to be appointed by Group. No definition available.
|
X | ||||||||||
- Definition Number of equity method investees. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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- Details
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X | ||||||||||
- Details
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- Details
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- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Deferred revenue and income - Schedule of Deferred Revenue and Income (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Deferred Revenue Arrangement [Line Items] | ||||||||||||
Deferred revenue and income, Total | $ 28,614 | $ 30,496 | ||||||||||
Less: non-current portion | [1] | (4,082) | (5,383) | |||||||||
Deferred revenue and income, current portion | 24,532 | 25,113 | ||||||||||
Membership subscription revenues [Member] | ||||||||||||
Deferred Revenue Arrangement [Line Items] | ||||||||||||
Deferred revenue and income, Total | 22,115 | 24,502 | ||||||||||
Less: non-current portion | (820) | (719) | ||||||||||
Online game revenues [Member] | ||||||||||||
Deferred Revenue Arrangement [Line Items] | ||||||||||||
Deferred revenue and income, Total | 1,490 | [2] | 1,120 | |||||||||
Government grants [Member] | ||||||||||||
Deferred Revenue Arrangement [Line Items] | ||||||||||||
Deferred revenue and income, Total | [3] | 4,195 | 4,032 | |||||||||
Less: non-current portion | (2,719) | (4,032) | ||||||||||
Reimbursement from the depository [Member] | ||||||||||||
Deferred Revenue Arrangement [Line Items] | ||||||||||||
Deferred revenue and income, Total | [4] | 814 | 842 | |||||||||
Less: non-current portion | $ (543) | $ (632) | ||||||||||
|
X | ||||||||||
- Definition Amount of deferred revenue as of balance sheet date. Deferred revenue represents collections of cash or other assets related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Deferred revenue and income - Schedule of Deferred Revenue and Income (Parenthetical) (Detail) - USD ($) $ in Thousands |
1 Months Ended | 4 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|---|
Aug. 31, 2016 |
Jun. 30, 2016 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||
Deferred Revenue Arrangement [Line Items] | |||||||
Reimbursement received from depository | $ 270 | $ 1,158 | |||||
Deferred income withholding tax | $ 600 | ||||||
Deferred income amortized depositary service period | 5 years | ||||||
Deferred revenue and income, non-current | [1] | 4,082 | 5,383 | ||||
Increase Decrease In Deferred Government Grants | $ 2,500 | (3,473) | (1,969) | $ (2,059) | |||
Deferred Income Amortization Period For Government Grant | 5 years | ||||||
Membership subscription revenues [Member] | |||||||
Deferred Revenue Arrangement [Line Items] | |||||||
Deferred revenue and income, non-current | 820 | 719 | |||||
Government grants [Member] | |||||||
Deferred Revenue Arrangement [Line Items] | |||||||
Deferred revenue and income, non-current | 2,719 | 4,032 | |||||
Reimbursement from the depository [Member] | |||||||
Deferred Revenue Arrangement [Line Items] | |||||||
Deferred revenue and income, non-current | $ 543 | $ 632 | |||||
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Deferred income amortization period for government. No definition available.
|
X | ||||||||||
- Definition Deferred income amortization period for reimbursement from depository. No definition available.
|
X | ||||||||||
- Definition The increase (decrease) during the reporting period in obligations related to government grants. No definition available.
|
X | ||||||||||
- Definition Proceeds from reimbursement of initial public offering expenses. No definition available.
|
X | ||||||||||
- Definition Withholding tax for reimbursement from depository. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Accrued liabilities and other payables - Schedule of Accrued Liabilities and Other Payables (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
||
---|---|---|---|---|
Payroll and welfare | $ 11,322 | $ 10,570 | ||
Agency commissions and rebatesonline advertising | 2,297 | 2,443 | ||
Payables for advertisement on exclusive online games | 1,521 | 1,643 | ||
Receipts in advance from customers | [1] | 5,538 | ||
Tax levies | 1,864 | 1,605 | ||
Payables for purchase of equipment | 3,235 | 4,999 | ||
Legal and litigation related expenses | 2,904 | 2,601 | ||
Professional fees | 1,007 | 908 | ||
Staff reimbursements | 452 | 611 | ||
Rental expense | 5 | 4 | ||
Payables for proceeds from selling exercised stock options | 352 | 177 | ||
Payables for gaming distribution | 147 | 158 | ||
Payables to Nesound | 807 | 622 | ||
Others | 1,680 | 1,038 | ||
Total | $ 33,131 | $ 27,379 | ||
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for advertising of the entity's goods and services. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations, excluding pension and other postretirement benefits, incurred through that date and payable for perquisites provided to employees pertaining to services received from them. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expenses incurred but not yet paid nor invoiced, and liabilities classified as other. No definition available.
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for professional fees, such as for legal and accounting services received. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for contractual rent under lease arrangements. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for sales commissions. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The current portion of prepayments received from customers for goods or services to be provided in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount of reserve for known or estimated probable loss from litigation, which may include attorneys' fees and other litigation costs, which is expected to be paid within one year of the date of the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expenses incurred but not yet paid classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Represents the amount of other payables. No definition available.
|
X | ||||||||||
- Definition Represents the amount of payables for gaming distribution. No definition available.
|
X | ||||||||||
- Definition Payables for proceeds from selling exercised stock options current. No definition available.
|
X | ||||||||||
- Definition Payables For Purchase Of Equipment Current No definition available.
|
Cost of revenues - Schedule of Cost of Revenues (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||
Deferred Revenue Arrangement [Line Items] | |||||
Cost of revenues | $ 80,319 | $ 60,034 | $ 55,755 | ||
Bandwidth costs [Member] | |||||
Deferred Revenue Arrangement [Line Items] | |||||
Cost of revenues | 55,135 | 37,218 | 33,545 | ||
Content costs, including amortization [Member] | |||||
Deferred Revenue Arrangement [Line Items] | |||||
Cost of revenues | 692 | 338 | |||
Payment handling fees [Member] | |||||
Deferred Revenue Arrangement [Line Items] | |||||
Cost of revenues | 6,967 | 9,087 | 11,305 | ||
Depreciation of servers and other equipment [Member] | |||||
Deferred Revenue Arrangement [Line Items] | |||||
Cost of revenues | 5,848 | 4,873 | 5,102 | ||
Games revenue sharing costs and others [Member] | |||||
Deferred Revenue Arrangement [Line Items] | |||||
Cost of revenues | [1] | $ 11,677 | $ 8,518 | $ 5,803 | |
|
X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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- Details
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- Details
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Redeemable Convertible Preferred Shares - Series D Convertible Redeemable Preferred Shares - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands |
1 Months Ended | 12 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan. 31, 2012 |
Dec. 31, 2016 |
Feb. 06, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Dec. 31, 2012 |
Jun. 24, 2014 |
Apr. 30, 2014 |
Mar. 31, 2014 |
Mar. 05, 2014 |
Mar. 01, 2014 |
|||||
Conversion of Stock [Line Items] | |||||||||||||||||
Total consideration from issuance of Series D preferred shares and warrants | $ 37,500 | ||||||||||||||||
Loss on exchange of warrants | $ (405) | ||||||||||||||||
Retained earnings | $ (36,704) | (36,704) | $ (12,593) | ||||||||||||||
Fair value of gain recognized in other income | $ 2,922 | ||||||||||||||||
Initial Public Offering [Member] | |||||||||||||||||
Conversion of Stock [Line Items] | |||||||||||||||||
Equity Method Investment, Ownership Percentage | 80.00% | 80.00% | |||||||||||||||
Minimum [Member] | |||||||||||||||||
Conversion of Stock [Line Items] | |||||||||||||||||
Volatility rate | 55.36% | ||||||||||||||||
Maximum [Member] | |||||||||||||||||
Conversion of Stock [Line Items] | |||||||||||||||||
Volatility rate | 59.91% | ||||||||||||||||
Series D Preferred Stock [Member] | |||||||||||||||||
Conversion of Stock [Line Items] | |||||||||||||||||
Warrants to purchase preferred shares | 1,952,663 | 266,272 | |||||||||||||||
Warrants to purchase preferred per shares | $ 3.38 | ||||||||||||||||
Conversion, description | Upon issuance of Series E preferred shares in March and April 2014, the Company adjusted the Series D conversion price from USD3.5 to USD2.86 per share for 6,771,454 Series D preferred shares held by the Series D Investor. | ||||||||||||||||
Converted into common share | 8,391,850 | ||||||||||||||||
Fair value of warrants | $ 2,414 | $ 2,414 | |||||||||||||||
Loss on exchange of warrants | $ 405 | ||||||||||||||||
Initial conversion price | $ 3.5 | ||||||||||||||||
Adjusted conversion price | $ 2.86 | ||||||||||||||||
Preferred Stock, Shares Outstanding | 6,771,454 | ||||||||||||||||
Remaining shares held by investor | 3,808,943 | ||||||||||||||||
Beneficial conversion feature for preferred shares anti-diluted | $ 4,008 | ||||||||||||||||
Number of shares redeemed under rights | 6,771,454 | ||||||||||||||||
Retained earnings | $ 279 | $ 279 | |||||||||||||||
Series D Preferred Stock [Member] | Initial Public Offering [Member] | |||||||||||||||||
Conversion of Stock [Line Items] | |||||||||||||||||
Converted into common share | 10,581,726 | 10,581,726 | |||||||||||||||
Initial conversion price | $ 2.86 | ||||||||||||||||
Adjusted conversion price | 2.27 | ||||||||||||||||
Preferred Stock, Shares Outstanding | 6,771,454 | 6,771,454 | |||||||||||||||
Series D Preferred Stock [Member] | Minimum [Member] | |||||||||||||||||
Conversion of Stock [Line Items] | |||||||||||||||||
Volatility rate | 38.39% | 38.39% | |||||||||||||||
Series D Preferred Stock [Member] | Maximum [Member] | |||||||||||||||||
Conversion of Stock [Line Items] | |||||||||||||||||
Volatility rate | 43.40% | 43.40% | |||||||||||||||
Series D Warrants [Member] | |||||||||||||||||
Conversion of Stock [Line Items] | |||||||||||||||||
Warrants, exercisable period description | The holder of Series D warrants had the right to exercise the warrants at the earlier of (i) 24 months from date of Initial Closing or (ii) automatically exercised immediately prior to the closing of the following transactions: (a) mergers or consolidation of the Company, b) initial public offering, c) transaction in which in excess of 50% of the Companys equity is transferred to any person, d) sale, transfer, lease, assignment conveyance, exchange, mortgage, or other disposition of all or substantially all of the assets of the Company | ||||||||||||||||
Initial fair value of warrants | $ 3,007 | $ 3,007 | |||||||||||||||
Fair value of warrants | $ 2,186 | ||||||||||||||||
Fair value of (loss)/gain of warrants | $ 1,531 | $ 710 | |||||||||||||||
Volatility rate | [1],[2] | 0.00% | |||||||||||||||
Series E Preferred Shares [Member] | |||||||||||||||||
Conversion of Stock [Line Items] | |||||||||||||||||
Warrants to purchase preferred shares | 3,406,824 | ||||||||||||||||
Warrants to purchase preferred per shares | $ 2.82 | ||||||||||||||||
Converted into common share | 129,166,667 | 129,166,667 | |||||||||||||||
Initial fair value of warrants | $ 2,819 | $ 2,819 | |||||||||||||||
Initial conversion price | 2.82 | ||||||||||||||||
Adjusted conversion price | $ 2.4 | ||||||||||||||||
Remaining shares held by investor | 110,014,440 | ||||||||||||||||
Convertible Redeemable Preferred Shares [Member] | |||||||||||||||||
Conversion of Stock [Line Items] | |||||||||||||||||
Equity Method Investment, Ownership Percentage | 10.00% | 10.00% | |||||||||||||||
Convertible Redeemable Preferred Shares [Member] | Series D Preferred Stock [Member] | |||||||||||||||||
Conversion of Stock [Line Items] | |||||||||||||||||
Preferred stock, issued | 10,580,397 | ||||||||||||||||
Preferred stock, price per share | $ 3.544 | ||||||||||||||||
Warrants to purchase preferred shares | 2,218,935 | ||||||||||||||||
Warrants to purchase preferred per shares | $ 3.38 | ||||||||||||||||
Number of shares issued from existing shareholders to third-party investors | 5,036,367 | ||||||||||||||||
Converted into common share | 1 | 1 | |||||||||||||||
Preferred shares, redemption rights | The Series D preferred shares were redeemable at any time after the 4th anniversary of the initial closing of February 6, 2012 to request the Company to purchase all Series D preferred shares and shares issuable upon the conversion or exercise of the Series D warrants if an initial public offering is not consummated. This redemption right expires after the 5th anniversary of the initial closing of the transaction. The redemption price shall be equal to the aggregate amount of price paid at USD3.544, plus all declared but unpaid dividends up to the date of redemption plus interest of 8% per annum compounded annually from the closing of the Series D preferred shares investment(Initial Closing) up to and including the date of redemption. | ||||||||||||||||
Preferred shares redemption price per share, minimum | $ 3.544 | $ 3.544 | |||||||||||||||
Compound interest rate per annum on unpaid dividends | 8.00% | ||||||||||||||||
Preferred shares, carrying value | $ 32,481 | ||||||||||||||||
Capitalized expense | $ 2,012 | ||||||||||||||||
Convertible Redeemable Preferred Shares [Member] | Series E Preferred Shares [Member] | |||||||||||||||||
Conversion of Stock [Line Items] | |||||||||||||||||
Conversion, description | Each share of the Series D preferred shares was convertible at the option of the holder, at any time after the issuance of such shares, and each share can be converted into one common share of the Company | ||||||||||||||||
Converted into common share | 1 | 1 | |||||||||||||||
|
X | ||||||||||
- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Number of shares issued for each share of convertible preferred stock that is converted. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Specific terms relevant to convertibility. Includes class of preferred stock and number of shares convertible into, exercise (or conversion) price or rates, dates relevant to conversion timing and events relevant to conversion. Describe also any beneficial conversion features. where convertible preferred stock with a nondetachable conversion feature is in-the-money at commitment date. For contingently convertible preferred stock, discuss the circumstances of the contingency, including the events or changes in circumstance that would cause the contingency to be met and any of the significant features necessary to understand the conversion rights and the timing of those rights. Include also an events or changes in circumstance, if any, that could adjust or change the contingency, conversion price, or number of shares, including significant terms of those changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Fair value of financial obligations, including, but not limited to, debt instruments, derivative liabilities, federal funds purchased and sold under agreements to repurchase, securities loaned or sold under agreements to repurchase, financial instruments sold not yet purchased, guarantees, line of credit, loans and notes payable, servicing liability, and trading liabilities. No definition available.
|
X | ||||||||||
- Definition The redemption terms of preferred stock of an entity that has priority over common stock in the distribution of dividends and in the event of liquidation of the entity. The redemption features of this capital stock are solely within the control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Per share or per unit amount of equity securities issued. No definition available.
|
X | ||||||||||
- Definition Number of stock bought back by the entity at the exercise price or redemption price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount to be paid per share that is classified as temporary equity by entity upon redemption. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of securities classified as temporary equity that have been sold (or granted) to the entity's shareholders. Securities issued include securities outstanding and securities held in treasury. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Value of new stock classified as temporary equity issued during the period. No definition available.
|
X | ||||||||||
- Definition Adjusted conversion price. No definition available.
|
X | ||||||||||
- Definition Beneficial conversion feature for anti-dilution adjustment. No definition available.
|
X | ||||||||||
- Definition Amount before accumulated amortization of capitalized costs for issuance of series D preferred shares and warrants related expenses. No definition available.
|
X | ||||||||||
- Definition Class Of Warrant Date Until Which Warrants Exercisable Description No definition available.
|
X | ||||||||||
- Definition Amount of gain (loss) related to adjustment to fair value of warrant liability. No definition available.
|
X | ||||||||||
- Definition Gain or Loss on settlement of warrants to purchase preferred stock upon exercise of put option. No definition available.
|
X | ||||||||||
- Definition Initial Conversion Price No definition available.
|
X | ||||||||||
- Definition Interest Rate On Unpaid Distribution Dividend No definition available.
|
X | ||||||||||
- Definition Number of Shares Issued From Existing Shareholders to Third Party Investors No definition available.
|
X | ||||||||||
- Definition Shares Held By Investors No definition available.
|
X | ||||||||||
- Definition Warrant issued at fair value. No definition available.
|
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- Details
|
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- Details
|
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- Details
|
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|
Redeemable Convertible Preferred Shares - Assumptions to Estimated Fair Value of Warrants (Detail) - $ / shares |
1 Months Ended | 12 Months Ended | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Apr. 24, 2014 |
Mar. 05, 2014 |
Feb. 06, 2014 |
Dec. 31, 2016 |
|||||||||||||||
Series E Warrants [Member] | ||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||||||||||||||||
Dividend yield | [1] | 0.00% | ||||||||||||||||
Series D Warrants [Member] | ||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||||||||||||||||
Spot price | [2] | $ 4.47 | ||||||||||||||||
Risk-free interest rate | [3],[4] | 0.00% | ||||||||||||||||
Volatility rate | [3],[5] | 0.00% | ||||||||||||||||
Dividend yield | [1] | 0.00% | ||||||||||||||||
Convertible Redeemable Preferred Shares [Member] | Series E Warrants [Member] | ||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||||||||||||||||
Risk-free interest rate | [4] | 0.12% | ||||||||||||||||
Volatility rate | [5] | 38.81% | ||||||||||||||||
Subscription Rights [Member] | ||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||||||||||||||||
Risk-free interest rate | [4] | 0.02% | 0.04% | |||||||||||||||
Volatility rate | [5] | 42.74% | 38.12% | |||||||||||||||
Minimum [Member] | ||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||||||||||||||||
Volatility rate | 55.36% | |||||||||||||||||
Minimum [Member] | Series E Warrants [Member] | ||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||||||||||||||||
Spot price | [2] | $ 3.31 | ||||||||||||||||
Risk-free interest rate | [4] | 0.04% | ||||||||||||||||
Volatility rate | [5] | 38.39% | ||||||||||||||||
Dividend yield | [1] | 0.00% | ||||||||||||||||
Minimum [Member] | Convertible Redeemable Preferred Shares [Member] | Series E Warrants [Member] | ||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||||||||||||||||
Spot price | [6] | $ 4.50 | ||||||||||||||||
Minimum [Member] | Subscription Rights [Member] | ||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||||||||||||||||
Spot price | [6] | $ 3.39 | $ 3.31 | |||||||||||||||
Dividend yield | [1] | 0.00% | 0.00% | |||||||||||||||
Maximum [Member] | ||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||||||||||||||||
Volatility rate | 59.91% | |||||||||||||||||
Maximum [Member] | Series E Warrants [Member] | ||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||||||||||||||||
Spot price | $ 4.65 | |||||||||||||||||
Risk-free interest rate | [4] | 0.12% | ||||||||||||||||
Volatility rate | [5] | 38.81% | ||||||||||||||||
Maximum [Member] | Convertible Redeemable Preferred Shares [Member] | Series E Warrants [Member] | ||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||||||||||||||||
Spot price | [6] | $ 4.65 | ||||||||||||||||
Maximum [Member] | Subscription Rights [Member] | ||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||||||||||||||||
Spot price | [6] | $ 4.64 | $ 4.65 | |||||||||||||||
Dividend yield | 0.00% | 0.00% | [1] | |||||||||||||||
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
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- Details
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- Details
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Redeemable Convertible Preferred Shares - Assumptions to Estimated Fair Value of Warrants - (Parenthetical) (Detail) |
Apr. 24, 2014 |
Mar. 05, 2014 |
---|---|---|
Subscription Rights [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Probability of occurrence of event | 100.00% | |
Series E Warrants [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Probability of occurrence of event | 100.00% | |
Initial Public Offering [Member] | Subscription Rights [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Probability of occurrence of event | 80.00% | |
Initial Public Offering [Member] | Series E Warrants [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Probability of occurrence of event | 80.00% | |
Liquidation Event [Member] | Subscription Rights [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Probability of occurrence of event | 10.00% | |
Liquidation Event [Member] | Series E Warrants [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Probability of occurrence of event | 10.00% | |
Redemption Event [Member] | Subscription Rights [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Probability of occurrence of event | 10.00% | |
Redemption Event [Member] | Series E Warrants [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Probability of occurrence of event | 10.00% |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Fair Value Inputs, Probability of Occurrence No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Redeemable Convertible Preferred Shares - Summary of Redeemable Convertible Preferred Shares (Detail) - USD ($) $ in Thousands |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|
Temporary Equity [Line Items] | ||||
Repurchase of preferred shares | $ (14,319) | $ (1,287) | $ (59,082) | |
Converted to common shares upon IPO | ||||
Initial Public Offering [Member] | ||||
Temporary Equity [Line Items] | ||||
Converted to common shares upon IPO | 470,759 | |||
Series E Tranche 1 Preferred Shares [Member] | ||||
Temporary Equity [Line Items] | ||||
BCF upon Series E | 52,377 | |||
Series D Preferred Stock [Member] | ||||
Temporary Equity [Line Items] | ||||
Accretion of Series D to convertible redeemable preferred shares redemption value | 1,870 | |||
Accretion of Series E to convertible redeemable preferred shares redemption value | (1,870) | |||
Convertible Redeemable Preferred Shares [Member] | Series E Tranche 1 Preferred Shares [Member] | ||||
Temporary Equity [Line Items] | ||||
Beginning balance | ||||
Addition | 275,314 | |||
Exercise of Series E subsequent sale rights | 28,568 | |||
BCF upon Series E | (53,486) | |||
Amortisation of BCF of Series E | 4,139 | |||
Accretion of Series E to convertible redeemable preferred shares redemption value | 12,754 | |||
Acceleration of amortization of BCF of Series E upon IPO | 49,346 | |||
Converted to common shares upon IPO | (344,031) | |||
Ending balance | ||||
Convertible Redeemable Preferred Shares [Member] | Series E Tranche 1 Preferred Shares [Member] | Initial Public Offering [Member] | ||||
Temporary Equity [Line Items] | ||||
Deemed dividend to preferred shareholders upon IPO | 27,396 | |||
Convertible Redeemable Preferred Shares [Member] | Series D Preferred Stock [Member] | ||||
Temporary Equity [Line Items] | ||||
Beginning balance | 40,290 | 35,990 | ||
Deemed dividend to preferred shareholders upon IPO | 279 | |||
Accretion of Series D to convertible redeemable preferred shares redemption value | 1,870 | 4,300 | ||
Repurchase of preferred shares | (15,003) | |||
Ending balance | 40,290 | |||
Convertible Redeemable Preferred Shares [Member] | Series D Preferred Stock [Member] | Initial Public Offering [Member] | ||||
Temporary Equity [Line Items] | ||||
Deemed dividend to preferred shareholders upon IPO | 4,008 | |||
Converted to common shares upon IPO | $ (31,444) |
X | ||||||||||
- Definition Amount of increase (decrease) in additional paid in capital (APIC) resulting from recognition of deferred taxes for convertible debt with a beneficial conversion feature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from issuance of preferred stock that is classified as callable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The gross value of stock issued during the period upon the conversion of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Value of accretion of temporary equity to its redemption value during the period. No definition available.
|
X | ||||||||||
- Definition Amount of decrease to net income for accretion of temporary equity to its redemption value to derive net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Acceleration of amortization of beneficial conversion. No definition available.
|
X | ||||||||||
- Definition Additional paid in capital beneficial conversion feature. No definition available.
|
X | ||||||||||
- Definition Amortization of beneficial conversion feature. No definition available.
|
X | ||||||||||
- Definition Beneficial conversion feature converted to common shares. No definition available.
|
X | ||||||||||
- Definition Beneficial conversion feature exercise of subsequent sale rights. No definition available.
|
X | ||||||||||
- Definition Deemed Dividend On Preferred Stock No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Redeemable Convertible Preferred Shares - Series E Convertible Redeemable Preferred Shares - Additional Information (Detail) $ / shares in Units, $ in Thousands |
3 Months Ended | 12 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Jun. 24, 2014
USD ($)
$ / shares
shares
|
Apr. 24, 2014
USD ($)
shares
|
Mar. 05, 2014
USD ($)
$ / shares
shares
|
Jun. 04, 2014
$ / shares
shares
|
Dec. 31, 2016
USD ($)
$ / shares
shares
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
Aug. 31, 2013
USD ($)
|
|
Conversion of Stock [Line Items] | ||||||||
Fair value of warrant liability | $ (8,054) | |||||||
First Two Investors [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Total consideration | $ 100,000 | |||||||
Third Investor [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Total consideration | 10,000 | |||||||
Unvested restricted stock [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Number of shares imposed transfer restrictions | shares | 3,394,564 | |||||||
Unvested options [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Number of shares imposed transfer restrictions | shares | 180,000 | |||||||
Vested options [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Number of shares imposed transfer restrictions | shares | 180,000 | |||||||
Common shares [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Shares subscribed | shares | 39,934,162 | |||||||
Subscription Rights [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Initial fair value of subscription rights | 28,208 | |||||||
Fair value of subscription rights | $ 29,223 | |||||||
Series E Tranche 1 Investor [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Warrants to purchase preferred shares | shares | 17,743,873 | |||||||
Warrants exercise price | $ / shares | $ 2.82 | |||||||
Series E Tranche 1 Investor [Member] | Subscription Rights [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Shares subscribed | shares | 35,487,746 | |||||||
Series E Preferred Shares [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Total consideration from issuance of Series E preferred shares and warrants | $ 20,000 | |||||||
Preferred stock, shares issued | shares | 70,975,491 | |||||||
Preferred stock issued price | $ / shares | $ 2.82 | |||||||
Warrants to purchase preferred shares | shares | 3,406,824 | |||||||
Warrants exercise price | $ / shares | $ 2.82 | |||||||
Percentage of issue price | 100.00% | |||||||
Converted into common share | shares | 129,166,667 | |||||||
Interest rate for delayed period | 15.00% | |||||||
Initial conversion price | $ / shares | $ 2.82 | |||||||
Adjusted conversion price | $ / shares | $ 2.4 | |||||||
Initial fair value of warrants | $ 2,819 | |||||||
Fair value of warrant liability | $ 6,381 | |||||||
Beneficial conversion feature | 27,396 | |||||||
Shares held by investors | shares | 110,014,440 | |||||||
Unamortized beneficial conversion feature for preferred shares anti-diluted | $ 49,346 | |||||||
Series E Preferred Shares [Member] | Subscription Rights [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Right to purchase additional number of preferred shares by investor | shares | 35,487,746 | |||||||
Series E Tranche 1 Preferred Shares [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Amount of beneficial conversion feature | $ 52,377 | |||||||
Common stock fair value per share | $ / shares | $ 3.05 | |||||||
Initial conversion price | $ / shares | 2.82 | |||||||
Adjusted conversion price | $ / shares | $ 2.31 | |||||||
Series E Tranche 1 Investor Options [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Valuation based on subscription price | $ 30,000,000 | $ 10,000,000 | $ 10,000,000 | |||||
Percentage of approval for transfer of preferred shares | 75.00% | |||||||
Valuation of transfer restriction | $ 43,300 | |||||||
Percentage increase in valuation | 200.00% | |||||||
Series E Warrants [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Initial fair value of warrants | $ 6,477 | |||||||
Preferred stock, price per share repurchased | $ / shares | $ 2.82 | |||||||
Series E Tranche 2 Investor [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Number of investors | 2 | |||||||
Number of investors exercised the Subscription Rights | 3 | |||||||
Series E Tranche 2 Preferred Shares [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Shares subscribed | shares | 39,037,382 | |||||||
Total consideration | $ 110 | |||||||
Fair value of warrant liability | 29,223 | |||||||
Series E Tranche 2 Preferred Shares [Member] | First Two Investors [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Total consideration | 100,000 | |||||||
Beneficial conversion feature | 1,109 | |||||||
Series E Tranche 2 Preferred Shares [Member] | Third Investor [Member] | ||||||||
Conversion of Stock [Line Items] | ||||||||
Total consideration | $ 10,000 |
X | ||||||||||
- Definition Amount of increase (decrease) in additional paid in capital (APIC) resulting from recognition of deferred taxes for convertible debt with a beneficial conversion feature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of decrease (increase) in additional paid in capital (APIC) for the increase in carrying amount of redeemable preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Number of shares issued for each share of convertible preferred stock that is converted. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value of financial obligations, including, but not limited to, debt instruments, derivative liabilities, federal funds purchased and sold under agreements to repurchase, securities loaned or sold under agreements to repurchase, financial instruments sold not yet purchased, guarantees, line of credit, loans and notes payable, servicing liability, and trading liabilities. No definition available.
|
X | ||||||||||
- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholder, which takes precedence over common stockholders in the event of liquidation and from issuance of rights to purchase common shares at a predetermined price. No definition available.
|
X | ||||||||||
- Definition Price of a single share of a number of saleable stocks of a company. No definition available.
|
X | ||||||||||
- Definition Amount of a new issue of securities classified as temporary equity that are allocated to investors for them to buy. When securities are sold on a subscription basis, the issuer does not initially receive the total proceeds. In general, the issuer does not issue the securities to the investor until it receives the entire proceeds. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate monetary value of a new issue of securities which have been allocated to investors to buy. When security is sold on a subscription basis, the issuer does not initially receive the total proceeds. In general, the issuer does not issue the security to the investor until it receives the entire proceeds. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Adjusted conversion price. No definition available.
|
X | ||||||||||
- Definition Common Stock Fair Value Per Share No definition available.
|
X | ||||||||||
- Definition Estimated Value Of Transfer Restriction No definition available.
|
X | ||||||||||
- Definition Initial Conversion Price No definition available.
|
X | ||||||||||
- Definition Maximum Percentage Of Approval For Transfer Restriction No definition available.
|
X | ||||||||||
- Definition Number Of Investors No definition available.
|
X | ||||||||||
- Definition Number Of Investors Exercised Subscription Rights No definition available.
|
X | ||||||||||
- Definition Number Of Shares Impose Transfer Restrictions No definition available.
|
X | ||||||||||
- Definition Percentage Increase In Preferred Stock Valuation Subscription Price No definition available.
|
X | ||||||||||
- Definition Percentage of interest on original issue price. No definition available.
|
X | ||||||||||
- Definition Preferred Stock, Liquidation Preference Percentage No definition available.
|
X | ||||||||||
- Definition Preferred Stock Valuation Subscription Price No definition available.
|
X | ||||||||||
- Definition Right To Purchase Number Of Preferred Shares By Investor No definition available.
|
X | ||||||||||
- Definition Shares Held By Investors No definition available.
|
X | ||||||||||
- Definition Stock Repurchased During Period Value Per Share No definition available.
|
X | ||||||||||
- Definition Subscription rights issued at fair value. No definition available.
|
X | ||||||||||
- Definition Unamortized beneficial conversion feature for anti-dilution adjustment. No definition available.
|
X | ||||||||||
- Definition Warrant issued at fair value. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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X | ||||||||||
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Convertible Preferred Shares - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands |
1 Months Ended | 12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Nov. 30, 2014 |
Dec. 31, 2016 |
Dec. 31, 2012 |
Dec. 31, 2015 |
Jun. 24, 2014 |
Apr. 30, 2014 |
Mar. 31, 2014 |
Jan. 31, 2014 |
Jan. 31, 2012 |
Apr. 30, 2011 |
|
Conversion of Stock [Line Items] | ||||||||||
Threshold removed, amount | $ 50,000 | |||||||||
Additional paid-in-capital | $ 453,347 | $ 458,270 | ||||||||
Common shares issued | 10,000,000 | |||||||||
Conversion after anti-dilution | $ 5.13 | |||||||||
Minimum [Member] | ||||||||||
Conversion of Stock [Line Items] | ||||||||||
Volatility rate | 55.36% | |||||||||
Maximum [Member] | ||||||||||
Conversion of Stock [Line Items] | ||||||||||
Volatility rate | 59.91% | |||||||||
Series A [Member] | ||||||||||
Conversion of Stock [Line Items] | ||||||||||
Beneficial conversion feature for preferred shares | $ 54 | |||||||||
Series C [Member] | ||||||||||
Conversion of Stock [Line Items] | ||||||||||
Beneficial conversion feature for preferred shares anti-diluted | $ 286 | |||||||||
Initial conversion price | $ 5.24 | |||||||||
Adjusted conversion price | 4.14 | |||||||||
Preferred shares at purchase price per common share | $ 4.607 | |||||||||
Purchase option exercise period | 12 months | |||||||||
Conversion , description | Upon issuance of Series D preferred shares in January 2012 as discussed in note 15, the Company adjusted the Series C conversion price from USD5.24 to USD4.14 per share; and obtained an exclusive option to purchase at any time within 12 months after the date of the conversion for all, but not less than all, of Series C preferred shares at the purchase price of USD4.607 per common share. | |||||||||
Converted into common share | 7,248,293 | |||||||||
Preferred shares outstanding | 5,728,264 | |||||||||
Additional paid-in-capital | $ 2,905 | |||||||||
Common shares issued | 96,024,567 | |||||||||
Series C [Member] | Anti-dilution clause 1 [Member] | ||||||||||
Conversion of Stock [Line Items] | ||||||||||
Beneficial conversion feature for preferred shares anti-diluted | $ 58 | |||||||||
Conversion , description | Upon issuance of Series E preferred shares in March and April 2014, the Company adjusted the Series C conversion price from USD4.14 to USD3.64 and from USD3.64 to USD3.63 per share relating to 114,565 Series C preferred shares held by one investor (‘‘Series C Investor 2''), respectively. The Company concluded that the downward conversion price adjustment is in accordance with the anti-dilution clause in the original Series C financing agreement. | |||||||||
Converted into common share | 5,728,264 | |||||||||
Preferred shares outstanding | 114,565 | |||||||||
Series C [Member] | Anti-dilution clause 2 [Member] | ||||||||||
Conversion of Stock [Line Items] | ||||||||||
Beneficial conversion feature for preferred shares anti-diluted | $ 1,403 | |||||||||
Conversion , description | Upon the completion of the IPO on 24 June 2014, the Company adjusted the Series C conversion price from USD4.14 to USD3.89 and from USD3.63 to USD3.45 per share relating to 5,613,699 Series C preferred shares held by Series C Investor 1 and 114,565 Series C preferred shares held by Series C Investor 2, respectively. The Company concluded that the downward conversion price adjustment is in accordance with the anti-dilution clause in the latest shareholders agreement. | |||||||||
Converted into common share | 7,724,419 | |||||||||
Preferred shares outstanding | 114,565 | |||||||||
Series C [Member] | Series C Investor 1 [Member] | ||||||||||
Conversion of Stock [Line Items] | ||||||||||
Initial conversion price | $ 4.14 | $ 4.14 | ||||||||
Adjusted conversion price | $ 3.89 | |||||||||
Conversion after anti-dilution | $ 2.81 | |||||||||
Shares held by investors | 5,613,699 | 5,613,699 | ||||||||
Series C [Member] | Series C Investor 2 [Member] | ||||||||||
Conversion of Stock [Line Items] | ||||||||||
Initial conversion price | $ 3.63 | $ 3.64 | $ 4.14 | |||||||
Adjusted conversion price | $ 3.45 | $ 3.63 | $ 3.64 | |||||||
Shares held by investors | 114,565 | 114,565 | 114,565 |
X | ||||||||||
- Definition Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Number of shares issued for each share of convertible preferred stock that is converted. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Specific terms relevant to convertibility. Includes class of preferred stock and number of shares convertible into, exercise (or conversion) price or rates, dates relevant to conversion timing and events relevant to conversion. Describe also any beneficial conversion features. where convertible preferred stock with a nondetachable conversion feature is in-the-money at commitment date. For contingently convertible preferred stock, discuss the circumstances of the contingency, including the events or changes in circumstance that would cause the contingency to be met and any of the significant features necessary to understand the conversion rights and the timing of those rights. Include also an events or changes in circumstance, if any, that could adjust or change the contingency, conversion price, or number of shares, including significant terms of those changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Adjusted conversion price. No definition available.
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- Definition Beneficial conversion feature for anti-dilution adjustment. No definition available.
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- Definition Beneficial Conversion Feature In Preferred Stock No definition available.
|
X | ||||||||||
- Definition Initial Conversion Price No definition available.
|
X | ||||||||||
- Definition Purchase Option Exercise Period No definition available.
|
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- Definition Purchase Price Per Common Stock No definition available.
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- Definition Shares Held By Investors No definition available.
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- Definition Stock conversion price after anti-dilution adjustment. No definition available.
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- Definition Threshold Amount No definition available.
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Common shares - Additional Information (Detail) - $ / shares |
12 Months Ended | |
---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, par value | $ 0.00025 | $ 0.00025 |
Common stock, shares outstanding | 330,545,000 | 339,319,115 |
Common stock voting rights, description | Each common share is entitled to one vote. The holders of common shares are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, which is subject to the approval by the holders of the common shares representing a majority of the aggregate voting power of all outstanding shares. |
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- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Description of voting rights of common stock. Includes eligibility to vote and votes per share owned. Include also, if any, unusual voting rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Repurchase of shares - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands |
1 Months Ended | 12 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Apr. 14, 2016 |
Dec. 31, 2016 |
Dec. 30, 2016 |
Nov. 30, 2016 |
Oct. 27, 2016 |
Sep. 30, 2016 |
Aug. 30, 2016 |
Jul. 29, 2016 |
Jun. 30, 2016 |
May 31, 2016 |
Mar. 30, 2016 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Equity, Class of Treasury Stock [Line Items] | ||||||||||||||
Total Number of ADS Purchased | 2,454,500 | |||||||||||||
Approximate Dollar Value of ADSs that May Yet Be Purchased Under the Plan | $ 5,700 | $ 5,700 | ||||||||||||
Share repurchase program amount | $ 20,000 | |||||||||||||
Payments for Repurchase of Preferred Stock and Preference Stock | 14,319 | $ 1,287 | $ 69,303 | |||||||||||
Share Repurchase Program, 2016 [Member] | ||||||||||||||
Equity, Class of Treasury Stock [Line Items] | ||||||||||||||
Total Number of ADS Purchased | 457,900 | 2,454,500 | 173,312 | 21,229 | 31,400 | 15,467 | 229,695 | 555,357 | 111,459 | 449,696 | 408,985 | |||
Average Price Paid Per Share | $ 6.61 | $ 4.02 | $ 4.61 | $ 5.11 | $ 5.33 | $ 5.83 | $ 5.33 | $ 5.24 | $ 6.28 | $ 6.22 | ||||
Share repurchase program amount | $ 20,000 | $ 20,000 |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The cash outflow to reacquire preferred stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of stock repurchase plan authorized. No definition available.
|
X | ||||||||||
- Definition Amount remaining of a stock repurchase plan authorized. No definition available.
|
X | ||||||||||
- Definition Total cost of shares repurchased divided by the total number of shares repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Represents the number of American Depositary Shares that have been repurchased during the period. No definition available.
|
X | ||||||||||
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Non-controlling interest - Additional Information (Detail) - Xunlei Games Development (Shenzhen) Co., Ltd. [Member] ¥ in Thousands, $ in Thousands |
Feb. 28, 2010
USD ($)
|
Feb. 28, 2010
CNY (¥)
|
---|---|---|
Noncontrolling Interest [Line Items] | ||
Percentage of equity interest owned by parent | 70.00% | 70.00% |
Minority interest owned by shareholder, percent | 30.00% | 30.00% |
Minority interest owned by shareholder, amount | $ 439 | ¥ 3,000 |
X | ||||||||||
- Definition Carrying amount of the equity interests owned by noncontrolling shareholders, partners, or other equity holders in joint ventures included in the entity's consolidated financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. No definition available.
|
X | ||||||||||
- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
|
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Share-based compensation - Additional Information (Detail) - USD ($) $ in Thousands |
1 Months Ended | 12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 01, 2014 |
Sep. 05, 2014 |
Jun. 11, 2014 |
Nov. 30, 2014 |
Apr. 30, 2014 |
Nov. 30, 2013 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2011 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted shares expected to vest | 1,440,923 | 1,008,645 | 9,642,307 | |||||||
Incremental share-based compensation to be recognized | $ 2,214 | |||||||||
Share options cancelled | 3,776,711 | 0 | 80,000 | |||||||
Common shares issued | 10,000,000 | |||||||||
Total fair value, share options vested | $ 6,831 | $ 6,297 | ||||||||
Unrecognized share-based compensation costs | $ 1,358 | $ 1,147 | ||||||||
Weighted-average vesting period expected to be recognized | 3 years 2 months 12 days | 4 years 11 days | ||||||||
Leading Advice Holdings Limited [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Common shares issued | 14,195,412 | 9,073,732 | ||||||||
Restricted shares [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted stock granted | 1,505,787 | |||||||||
Kingsoft Cloud Storage Business [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Replacement award attributable to pre-combination service | $ 303 | |||||||||
Business acquisition date | Sep. 05, 2014 | |||||||||
Replacement award attributable to post-combination service | $ 44 | |||||||||
2010 share incentive plan [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Stock option vesting period, description | Stock options granted to employees and officers vest over a four-year schedule as stated below: (1) One-fourth of the options shall be vested upon the first anniversary of the grant date; (2) The remaining three quarters of the options shall be vested on monthly basis over the next thirty-six months. ( 1/48 of options shall be vested per month subsequently) | |||||||||
Number of shares available for grant | 4,677,465 | |||||||||
Extended maturity date of share options | Jun. 11, 2015 | |||||||||
Lock-up period for shares from IPO closing date | 6 months | |||||||||
Incremental share-based compensation to be recognized | $ 768 | |||||||||
2010 share incentive plan [Member] | Employee and officers [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Stock option vesting period | 4 years | |||||||||
2010 share incentive plan [Member] | Directors [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Stock option vesting period | 32 months | |||||||||
2010 share incentive plan [Member] | Employees [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Estimated forfeiture rate | 20.00% | |||||||||
2010 share incentive plan [Member] | Restricted shares [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted stock granted | 80,000 | |||||||||
Restricted stock granted | 1,170,000 | |||||||||
2010 share incentive plan [Member] | Minimum [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Stock option term | 7 years | |||||||||
Stock option vesting period | 2 years | |||||||||
2010 share incentive plan [Member] | Maximum [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Stock option term | 10 years | |||||||||
Stock option vesting period | 4 years 6 months | |||||||||
Number of shares available for grant | 26,822,828 | |||||||||
2013 Plan [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted stock granted | 8,664,980 | 7,987,435 | ||||||||
2013 Plan [Member] | Restricted shares [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Number of shares available for grant | 9,073,732 | |||||||||
Restricted stock granted | 4,233,558 | |||||||||
2013 Plan [Member] | Restricted shares [Member] | Tranche One [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted shares expected to vest | 5,098,345 | |||||||||
Stock option vesting period | 4 years | |||||||||
Stock option vesting period, description | one-fourth of the restricted shares shall be vested upon the first, second, third, and fourth anniversary of the grant date, respectively. | |||||||||
2013 Plan [Member] | Restricted shares [Member] | Tranche Two [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted shares expected to vest | 1,102,430 | |||||||||
Stock option vesting period | 5 years | |||||||||
Stock option vesting period, description | one-fifth of the restricted shares shall be vested upon the first, second, third, fourth and fifth anniversary of the grant date, respectively. | |||||||||
2013 Plan [Member] | Restricted shares [Member] | Tranche Three [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted shares expected to vest | 854,405 | |||||||||
Stock option vesting period | 44 months | |||||||||
Stock option vesting period, description | one-fourth of the restricted shares shall be vested upon the eighth month, and three-fourth of the restricted shares shall be vested during the remaining thirty six months. | |||||||||
2013 Plan [Member] | Restricted shares [Member] | Tranche Four [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted shares expected to vest | 689,700 | |||||||||
Stock option vesting period | 4 years | |||||||||
Stock option vesting period, description | one-fourth, and one-fourth of the restricted shares shall be vested upon the second, third and fourth anniversary of the grant date, respectively. | |||||||||
2013 Plan [Member] | Restricted shares [Member] | Tranche Five [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted shares expected to vest | 640,100 | |||||||||
Stock option vesting period | 2 years | |||||||||
Stock option vesting period, description | half of the restricted shares shall be vested upon the first and second anniversary of the grant date, respectively. | |||||||||
2013 Plan [Member] | Restricted shares [Member] | Tranche Six [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted shares expected to vest | 160,000 | |||||||||
Stock option vesting period | 1 year | |||||||||
Stock option vesting period, description | one-year schedule in which all of the restricted shares shall be vested upon the first anniversary of the grant date. | |||||||||
2013 Plan [Member] | Restricted shares [Member] | Tranche Seven [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted shares expected to vest | 120,000 | |||||||||
2014 Plan [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Number of shares available for grant | 14,195,412 | |||||||||
Unrecognized compensation expense relating to the restricted shares | $ 12,416 | |||||||||
Restricted shares issued to non-employees | 60,000 | |||||||||
2014 Plan [Member] | Senior Officers [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Unrecognized compensation expense relating to the restricted shares | $ 10,138 | |||||||||
Restricted shares issued to non-employees | 60,000 | |||||||||
2014 Plan [Member] | Restricted shares [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted stock granted | 6,749,000 | 3,890,500 | ||||||||
2014 Plan [Member] | Restricted shares [Member] | Certain Officers and Employees [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted stock granted | 14,536,000 | |||||||||
2014 Plan [Member] | Restricted shares [Member] | Tranche One [Member] | Certain Officers and Employees [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted shares expected to vest | 9,040,500 | |||||||||
Stock option vesting period | 5 years | |||||||||
Stock option vesting period, description | one-fifth of the restricted shares shall be vested upon the first, second, third, fourth and fifth anniversary of the grant date, respectively. | |||||||||
2014 Plan [Member] | Restricted shares [Member] | Tranche Two [Member] | Certain Officers and Employees [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted shares expected to vest | 5,400,000 | |||||||||
Stock option vesting period | 4 years | |||||||||
Stock option vesting period, description | one-fourth of the restricted shares shall be vested upon the first, second, third and fourth anniversary of the grant date, respectively. | |||||||||
2014 Plan [Member] | Restricted shares [Member] | Tranche Three [Member] | Certain Officers and Employees [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted shares expected to vest | 9,000 | |||||||||
Stock option vesting period | 2 years | |||||||||
2014 Plan [Member] | Restricted shares [Member] | Tranche Four [Member] | Certain Officers and Employees [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Restricted shares expected to vest | 86,500 | |||||||||
Stock option vesting period, description | half of the restricted shares shall be vested upon the first and second anniversary of the grant date, respectively. |
X | ||||||||||
- Definition Date when the acquirer obtains control of the acquiree, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Fair value at acquisition-date of the assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interests issued by the acquirer, including but not limited to, instruments or interests issued or issuable in consideration for the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Unrecognized cost of unvested share-based awards, other than options, awarded to employees as compensation. No definition available.
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- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Description of award terms as to how many shares or portion of an award are no longer contingent on satisfaction of either a service condition, market condition or a performance condition, thereby giving the employee the legal right to convert the award to shares, to sell the shares, and be entitled to the cash proceeds of such sale. For example, vesting may be expressed as being 25 percent of the shares under option on each anniversary of the grant date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Date the equity-based award expires, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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X | ||||||||||
- Definition The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition An excess of the fair value of the modified award over the fair value of the award immediately before the modification. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Period from grant date that an equity-based award expires, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Fair value of options vested. Excludes equity instruments other than options, for example, but not limited to, share units, stock appreciation rights, restricted stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Total number of shares issued during the period, including shares forfeited, as a result of Restricted Stock Awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Business Combination, Consideration Transferred, Including Equity Interest in Acquire Held Post Combination No definition available.
|
X | ||||||||||
- Definition Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Options Converted And Other Than Options Granted In Period No definition available.
|
X | ||||||||||
- Definition Share Based Compensation Arrangement By Share Based Payment Award Estimated Forfeiture Rate No definition available.
|
X | ||||||||||
- Definition Share Based Compensation Arrangement By Share Based Payment Award Options Converted And Cancelled No definition available.
|
X | ||||||||||
- Definition Shares Lock-Up Period No definition available.
|
X | ||||||||||
- Definition Unrecognized Share Based Compensation Expenses No definition available.
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Share-based compensation - Summary of Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | |||
---|---|---|---|---|
Dec. 01, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Share-based compensation [Abstract] | ||||
Number of share options, Granted | 0 | 561,705 | ||
Number of share options, Forfeited | (14,375) | (1,494,922) | ||
Number of share options, Expired | (182,510) | (3,606,304) | ||
Number of share options, Converted to restricted shares | (3,776,711) | 0 | (80,000) | |
Number of share options, Exercised | (440,465) | (3,189,944) | ||
Number of share options, Outstanding, Ending balance | 1,493,470 | 2,130,820 | 9,940,285 | |
Number of share options, Vested and expected to vest, Ending balance | 1,440,923 | 1,008,645 | 9,642,307 | |
Number of share options, Exercisable, Ending balance | 1,217,050 | 1,430,870 | 9,129,958 | |
Weighted average exercise price, Granted | $ 0 | $ 0.88 | ||
Weighted average exercise price, Forfeited | 3.21 | 3.22 | ||
Weighted average exercise price, Expired | 2.22 | 1.78 | ||
Weighted average exercise price, Converted to restricted shares | 0 | 2.4 | ||
Weighted average exercise price, Exercised | 1.81 | 0.25 | ||
Weighted average exercise price, Ending balance | 2.65 | 2.13 | $ 1.88 | |
Weighted average exercise price, Vested and expected to vest at end of period | 2.67 | 1.76 | 1.86 | |
Weighted average exercise price, Exercisable at end of period | 2.7 | 2.16 | 1.81 | |
Weighted-average grant date fair value, Granted | 0 | 0.76 | ||
Weighted-average grant date fair value, Vested and expected to vest, Ending balance | 0.85 | 0.73 | 0.49 | |
Weighted-average grant date fair value, Exercisable, Ending balance | $ 0.84 | $ 0.86 | $ 0.41 | |
Weighted-average remaining contractual life, Ending balance | 3 years 4 months 20 days | 4 years 5 months 16 days | 1 year 11 months 12 days | |
Weighted-average remaining contractual life, Vested and expected to vest, Ending balance | 3 years 2 months 26 days | 4 years 7 months 13 days | 1 year 10 months 13 days | |
Weighted-average remaining contractual life, Exercisable, Ending balance | 3 years 2 months 12 days | 4 years 11 days | 1 year 5 months 26 days | |
Aggregate intrinsic value, Outstanding | $ 6 | $ 556 | $ 3,067 | |
Aggregate intrinsic value, Vested and expected to vest, Ending balance | 6 | 464 | 3,057 | |
Aggregate intrinsic value, Exercisable, Ending balance | $ 6 | $ 406 | $ 3,042 |
X | ||||||||||
- Definition The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Number of options or other stock instruments for which the right to exercise has lapsed under the terms of the plan agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Gross number of share options (or share units) granted during the period. No definition available.
|
X | ||||||||||
- Definition The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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X | ||||||||||
- Definition Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount by which the current fair value of the underlying stock exceeds the exercise price of fully vested and expected to vest options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition As of the balance sheet date, the weighted-average exercise price for outstanding stock options that are fully vested or expected to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
X | ||||||||||
- Definition Weighted average price at which grantees could have acquired the underlying shares with respect to stock options of the plan that expired. No definition available.
|
X | ||||||||||
- Definition Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated. No definition available.
|
X | ||||||||||
- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
X | ||||||||||
- Definition Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average remaining contractual term for fully vested and expected to vest options outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Share Based Compensation Arrangement By Share Based Payment Award Options Converted And Cancelled No definition available.
|
X | ||||||||||
- Definition Share based compensation arrangement by share based payment award options converted and cancelled in period weighted average exercise price. No definition available.
|
X | ||||||||||
- Definition The weighted average grant-date fair value of options as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. No definition available.
|
X | ||||||||||
- Definition The weighted-average grant date fair value, as of the balance sheet date, (at which grantees can acquire the shares reserved for issuance) of outstanding stock options that are fully vested or expected to vest. No definition available.
|
Share-based compensation - Summary of Restricted Shares Activities (Detail) - $ / shares |
12 Months Ended | |||
---|---|---|---|---|
Dec. 01, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Restricted shares [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of restricted shares, Converted from share options | 1,505,787 | |||
2010 share incentive plan [Member] | Restricted shares [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of restricted shares, Unvested, beginning balance | 432,217 | 1,505,787 | ||
Number of restricted shares, Converted from share options | 80,000 | |||
Number of restricted shares, Granted | 1,170,000 | |||
Number of restricted shares, Vested | (274,960) | (390,560) | ||
Number of restricted shares, Forfeited | (384,037) | (763,010) | ||
Number of restricted shares, Unvested, Ending balance | 943,220 | 432,217 | 1,505,787 | |
Number of restricted shares, Vested and expected to vest, Ending balance | 801,737 | 367,384 | ||
Weighted-Average Grant-Date Fair Value, Converted from share options | $ 1.71 | |||
Weighted-Average Grant Date Fair Value, Granted | $ 0 | |||
2013 Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of restricted shares, Granted | 8,664,980 | 7,987,435 | ||
2013 Plan [Member] | Restricted shares [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of restricted shares, Unvested, beginning balance | 3,796,398 | 7,200,778 | 8,095,238 | |
Number of restricted shares, Granted | 4,233,558 | |||
Number of restricted shares, Vested | (1,520,760) | (2,627,815) | (1,563,222) | |
Number of restricted shares, Forfeited | (561,103) | (776,565) | (3,564,796) | |
Number of restricted shares, Unvested, Ending balance | 1,714,535 | 3,796,398 | 7,200,778 | |
Number of restricted shares, Vested and expected to vest, Ending balance | 1,457,355 | 3,226,939 | 6,120,662 | |
Weighted-Average Grant Date Fair Value, Granted | $ 2.89 | |||
2014 Plan [Member] | Restricted shares [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of restricted shares, Unvested, beginning balance | 5,761,400 | 3,896,500 | ||
Number of restricted shares, Granted | 6,749,000 | 3,890,500 | ||
Number of restricted shares, Vested | (1,262,200) | (859,100) | ||
Number of restricted shares, Forfeited | (971,900) | (1,166,500) | ||
Number of restricted shares, Unvested, Ending balance | 10,276,300 | 5,761,400 | 3,896,500 | |
Number of restricted shares, Vested and expected to vest, Ending balance | 8,734,855 | 4,897,100 | ||
Weighted-Average Grant Date Fair Value, Granted | $ 0 | $ 1.53 |
X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Options Converted And Other Than Options Granted In Period No definition available.
|
X | ||||||||||
- Definition Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Converted In Period Weighted Average Grant Date Fair Value No definition available.
|
X | ||||||||||
- Definition Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Expected To Vest Number No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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Share-based compensation - Schedule of Fair Values of Stock Options Granted (Detail) |
12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Risk-free interest rate, Minimum | [1] | 0.77% | 0.77% | ||||||||
Risk-free interest rate, Maximum | [1] | 1.76% | 1.76% | ||||||||
Dividend yield | [2] | ||||||||||
Volatility rate, Minimum | [3] | 40.07% | 40.07% | ||||||||
Volatility rate, Maximum | [3] | 43.30% | 43.30% | ||||||||
Minimum [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Expected term (in years) | [4] | 4 years 25 days | 4 years 1 month 17 days | ||||||||
Maximum [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||
Expected term (in years) | [4] | 5 years 6 months 25 days | 4 years 6 months 29 days | ||||||||
|
X | ||||||||||
- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The estimated measure of the maximum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. No definition available.
|
X | ||||||||||
- Definition The estimated measure of the minimum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. No definition available.
|
X | ||||||||||
- Definition The maximum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
|
X | ||||||||||
- Definition The minimum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
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Share-based compensation - Schedule of Recognized Compensation Costs (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | |||
Total compensation costs | $ 9,348 | $ 9,728 | $ 7,644 |
Sales and marketing expenses [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | |||
Total compensation costs | 98 | 131 | 66 |
General and administrative expenses [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | |||
Total compensation costs | 6,267 | 6,701 | 6,407 |
Research and development expenses [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | |||
Total compensation costs | $ 2,983 | $ 2,896 | $ 1,171 |
X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
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X | ||||||||||
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X | ||||||||||
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Basic and Diluted Net income / (loss) Per Share (Schedule of Basic and Diluted Net income / (loss) Per Share) (Detail) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Numerator: | |||
Net income/(loss) from continuing operations | $ (23,976) | $ (2,370) | $ 28,269 |
Net loss from discontinued operations | (207) | (12,096) | (18,407) |
Net income/(loss) | (24,183) | (14,466) | 9,862 |
Less: Net (loss) attributable to the non-controlling interest | (72) | (1,299) | (950) |
Net income/(loss) attributable to Xunlei Limited | (24,111) | (13,167) | 10,812 |
Deemed dividend to certain shareholders from repurchase of shares | (14,926) | ||
Acceleration of amortization of beneficial conversion feature of Series E upon initial public offering | (49,346) | ||
Deemed dividend to preferred shareholders upon IPO | (32,807) | ||
Net loss attributable to Xunlei Limited’s common shareholders | (24,111) | (13,167) | (105,366) |
Numerator of basic net loss per share from continuing operations | (23,904) | (1,071) | (86,959) |
Net loss from discontinued operations | (207) | (12,096) | (18,407) |
Numerator for diluted loss per share from continuing operations | (23,904) | (1,071) | (86,959) |
Numerator for diluted loss per share from discontinued operations | $ (207) | $ (12,096) | $ (18,407) |
Denominator: | |||
Denominator for basic net loss per share-weighted average shares outstanding | 334,155,668 | 335,987,595 | 194,711,227 |
Denominator for diluted net loss per share | 334,155,668 | 335,987,595 | 194,711,227 |
Basic net loss per share from continuing operations | $ (0.07) | $ (0.00) | $ (0.45) |
Basic net loss per share from discontinued operations | (0.00) | (0.04) | (0.09) |
Diluted net loss per share from continuing operations | (0.07) | (0.00) | (0.45) |
Diluted net loss per share from discontinued operations | $ (0.00) | $ (0.04) | $ (0.09) |
Series D Preferred Stock [Member] | |||
Numerator: | |||
Accretion to convertible redeemable preferred shares redemption value | $ (1,870) | ||
Deemed dividend to preferred shareholders | (279) | ||
Series C To One Series C [Member] | |||
Numerator: | |||
Contingent beneficial conversion feature | (57) | ||
Series E Preferred Shares [Member] | |||
Numerator: | |||
Accretion to convertible redeemable preferred shares redemption value | (12,754) | ||
Amortization of beneficial conversion feature | (4,139) | ||
Acceleration of amortization of beneficial conversion feature of Series E upon initial public offering | $ (49,346) |
X | ||||||||||
- Definition Amount of a favorable spread to a debt holder between the amount of debt being converted and the value of the securities received upon conversion. This is an embedded conversion feature of convertible debt issued that is in-the-money at the commitment date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
|
X | ||||||||||
- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
|
X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Net Income or Loss Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of decrease to net income for accretion of temporary equity to its redemption value to derive net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Acceleration Of Amortization Of Beneficial Conversion Of initial public offering No definition available.
|
X | ||||||||||
- Definition Amortization of beneficial conversion feature. No definition available.
|
X | ||||||||||
- Definition Deemed dividend to preferred shareholders. No definition available.
|
X | ||||||||||
- Definition Deemed Dividend To Preferred Shareholders Upon Initial Public Offering No definition available.
|
X | ||||||||||
- Definition The amount of preferred stock deemed dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition Represents the amount of numerator of basic net income/(loss) per share from continuing operations. No definition available.
|
X | ||||||||||
- Definition Represents the amount of numerator for diluted loss per share from discontinued operations. No definition available.
|
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Basic and diluted net income / (loss) per share (Schedule of Anti-dilutive Shares Excluded from Computation of Diluted Net Income per Common Share) (Detail) - shares |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Stock options and restricted shares [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Anti-dilutive shares excluded from computation of diluted net income per common share | 2,902,950 | 1,673,342 | 9,041,434 |
Preferred shares [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Anti-dilutive shares excluded from computation of diluted net income per common share | 93,213,683 |
X | ||||||||||
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
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Related Party Transactions - Schedule of Relationship Between Related Parties with their Groups (Detail) |
12 Months Ended |
---|---|
Dec. 31, 2016 | |
Zhuhai Qianyou [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Equity investment of the Group |
Hao Cheng [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Co-founder and shareholder of the Group |
Chuan Wang [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Director of the Company |
Shenglong Zou [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Co-founder and shareholder of the Group |
Beijing Millet technology Co., LTD ("Beijing Xiaomi") [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Company owned by a shareholder of the Group |
Leading Advice Holdings Limited [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Company owned by a Co-founder and shareholder of the Group |
Vantage Point Global Limited [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Shareholder of the Company |
Aiden & Jasmine Limited [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Shareholder of the Company |
Kingsoft Corporation Limited [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Shareholder of the Company |
King Venture Holdings Limited [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Principal shareholder of the Group (shareholding >=10%) |
Xiaomi Venture Limited [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Principal shareholder of the Group |
Morningside Technology Investments Limited [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Principal shareholder of the Group |
Shenzhen Xunlei Big Data Information Service Co., Ltd. [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Equity investment of the Group |
Shenzhen Xunlei Finance Information Service Co., Ltd. [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Subsidiary of the Group’s equity investment |
Millet Communication Technology Co., Ltd. (“Millet Communication Technology”) [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Company owned by a shareholder of the Group |
Beijing Millet Electronic Products Co., Ltd. [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Company owned by a shareholder of the Group |
Beijing Millet Digital Technology Co., Ltd. [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Company owned by a shareholder of the Group |
Millet Technology Co., Ltd. [Member] | |
Schedule of Other Related Party Transactions [Line Items] | |
Related parties relationship | Company owned by a shareholder of the Group |
X | ||||||||||
- Definition This element represents a description of the nature of common ownership or management control relationships with other entities, regardless of there being transactions between the entities, when the existence of that control could result in operating results or financial position of the reporting entity significantly different from that which would have been obtained if the entities' were autonomous. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Schedule of Other Related Party Transactions [Line Items] No definition available.
|
X | ||||||||||
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X | ||||||||||
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X | ||||||||||
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X | ||||||||||
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Related Party Transactions - Schedule of Significant Related Party Transactions (Detail) - USD ($) $ in Thousands |
12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
||||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||||||
Revenue, Net | $ 156,162 | $ 129,635 | $ 133,934 | |||||||
Advertisement revenue | 16,874 | 4,802 | 5,834 | |||||||
Zhuhai Qianyou [Member] | ||||||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||||||
Game sharing costs paid and payable to Zhuhai Qianyou | [1] | 154 | 127 | 402 | ||||||
Hao Cheng [Member] | ||||||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||||||
Repayment from related party | 85 | |||||||||
Millet Technology Co., Ltd. [Member] | ||||||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||||||
Revenue, Net | 316 | |||||||||
Beijing Millet Technology Co., LTD [Member] | ||||||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||||||
Technology service revenue related party | 1,010 | 344 | 303 | |||||||
Advertisement revenue | 871 | |||||||||
Millet Communication Technology Co., Ltd. [Member] | ||||||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||||||
Revenue, Net | [2] | 2,483 | ||||||||
Marketing Expense | 20 | |||||||||
Shenglong Zou [Member] | ||||||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||||||
Advance to related party | 10 | |||||||||
Chuan Wang [Member] | ||||||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||||||
Advance to related party | 7 | |||||||||
Aiden & Jasmine Limited [Member] | ||||||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||||||
Accrued to related party | [3] | 54 | 54 | 1,125 | ||||||
Vantage Point Global Limited [Member] | ||||||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||||||
Accrued to related party | [3] | $ 146 | $ 146 | $ 3,012 | ||||||
|
X | ||||||||||
- Definition Revenue from the sale of advertising time (such as television and radio) or space (newspaper or magazine pages). May also include advertising, marketing and promotional services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount payable to related parties classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount as of the balance sheet date of obligations due all related parties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Expenditures for planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services. Costs of public relations and corporate promotions are typically considered to be marketing costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Revenue from providing technology services. The services may include training, installation, engineering or consulting. Consulting services often include implementation support, software design or development, or the customization or modification of the licensed software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Proceeds From Related Parties No definition available.
|
X | ||||||||||
- Definition Schedule of Other Related Party Transactions [Line Items] No definition available.
|
X | ||||||||||
- Definition Withholding tax payable non-current. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2014 |
Dec. 31, 2015 |
||||
Treasury stock [Member] | ||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||
Interest on withheld tax price | 5.00% | |||||
Aiden & Jasmine Limited [Member] | ||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||
Withholding Tax Payable Non-current | [1] | $ 54 | $ 1,125 | $ 54 | ||
Aiden & Jasmine Limited [Member] | Treasury stock [Member] | ||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||
Shares repurchased | 3,860,733 | |||||
Shares repurchased, value | $ 10,879 | |||||
Interest on withheld tax | 37 | |||||
Withholding Tax Payable Non-current | 1,125 | 54 | ||||
Vantage Point Global Limited [Member] | ||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||
Withholding Tax Payable Non-current | [1] | 146 | $ 3,012 | 146 | ||
Vantage Point Global Limited [Member] | Treasury stock [Member] | ||||||
Schedule of Other Related Party Transactions [Line Items] | ||||||
Shares repurchased | 10,334,679 | |||||
Shares repurchased, value | $ 29,121 | |||||
Interest on withheld tax | $ 100 | |||||
Withholding Tax Payable Non-current | $ 3,012 | $ 146 | ||||
|
X | ||||||||||
- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of interest on withholding tax. No definition available.
|
X | ||||||||||
- Definition Interest on withholding tax percentage. No definition available.
|
X | ||||||||||
- Definition Schedule of Other Related Party Transactions [Line Items] No definition available.
|
X | ||||||||||
- Definition Withholding tax payable non-current. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Related Party Transactions - Schedule of Amount Due to from Related Party (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
---|---|---|---|
Schedule of Other Related Party Transactions [Line Items] | |||
Accounts payable to related party | $ 45 | $ 38 | |
Long-term payable to related party | 4,537 | 4,337 | |
Accounts and other receivable from related party | 1,097 | 45 | |
Zhuhai Qianyou [Member] | |||
Schedule of Other Related Party Transactions [Line Items] | |||
Accounts payable to related party | 45 | 38 | $ 84 |
Aiden & Jasmine Limited [Member] | |||
Schedule of Other Related Party Transactions [Line Items] | |||
Long-term payable to related party | 1,233 | 1,179 | 1,125 |
Vantage Point Global Limited [Member] | |||
Schedule of Other Related Party Transactions [Line Items] | |||
Long-term payable to related party | 3,304 | 3,158 | 3,012 |
Beijing Millet Technology Co., LTD [Member] | |||
Schedule of Other Related Party Transactions [Line Items] | |||
Accounts and other receivable from related party | 95 | 30 | 5 |
Shenglong Zou [Member] | |||
Schedule of Other Related Party Transactions [Line Items] | |||
Accounts and other receivable from related party | 9 | 9 | 10 |
Chuan Wang [Member] | |||
Schedule of Other Related Party Transactions [Line Items] | |||
Accounts and other receivable from related party | 5 | 6 | 7 |
Millet Communication Technology Co., Ltd. [Member] | |||
Schedule of Other Related Party Transactions [Line Items] | |||
Accounts and other receivable from related party | 939 | ||
Beijing Millet Payment Technologies Limited [Member] | |||
Schedule of Other Related Party Transactions [Line Items] | |||
Accounts and other receivable from related party | 38 | ||
Shenzhen Xunlei Finance Information Service Co., Ltd. [Member] | |||
Schedule of Other Related Party Transactions [Line Items] | |||
Accounts and other receivable from related party | 5 | ||
Shenzhen Crystal Technology Co., Ltd. [Member] | |||
Schedule of Other Related Party Transactions [Line Items] | |||
Accounts and other receivable from related party | $ 6 |
X | ||||||||||
- Definition The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Portion of the carrying amount as of the balance sheet date of obligations due all related parties that is payable after one year or beyond the normal operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Schedule of Other Related Party Transactions [Line Items] No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Taxation - Additional Information (Detail) - USD ($) $ in Thousands |
12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Apr. 14, 2008 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Dec. 31, 2011 |
Dec. 31, 2010 |
Dec. 31, 2009 |
Dec. 31, 2008 |
|
Income Tax [Line Items] | ||||||||||
Effective income tax rate | 15.00% | 15.00% | 10.00% | |||||||
Tax rate percent | 15.00% | |||||||||
Research and development expense percentage | 150.00% | |||||||||
Preferential tax rate | 10.00% | 10.00% | ||||||||
Undistributed earnings of foreign subsidiaries | $ 19,883 | $ 34,313 | ||||||||
Foreign withholding taxes | 1,988 | $ 3,431 | ||||||||
Tax Credit Carryforward, Amount | $ 17,363 | |||||||||
PRC Enterprise [Member] | ||||||||||
Income Tax [Line Items] | ||||||||||
Effective income tax rate | 25.00% | |||||||||
Shenzhen Xunlei [Member] | ||||||||||
Income Tax [Line Items] | ||||||||||
Income tax holiday description | Shenzhen Xunlei has been claiming this Super Deduction in ascertaining its tax assessable profits and brought forward tax losses from 2009 onwards. In addition, following the approval by the relevant tax authority in July 2010, Shenzhen Xunlei was recognized as an enterprise engaged in software development activities. Accordingly, it is entitled to a tax holiday of 2-year Exemption and 3-year 50% Reduction from 2010 onwards. | |||||||||
Preferential tax rate | 15.00% | 15.00% | ||||||||
Shenzhen Xunlei [Member] | Scenario, Forecast [Member] | ||||||||||
Income Tax [Line Items] | ||||||||||
Preferential tax rate | 15.00% | |||||||||
Shenzhen Onething [Member] | ||||||||||
Income Tax [Line Items] | ||||||||||
Effective income tax rate | 15.00% | |||||||||
Preferential tax rate | 15.00% | |||||||||
New Enterprise Income Tax Rate [Member] | ||||||||||
Income Tax [Line Items] | ||||||||||
Favorable statutory tax rate | 15.00% | |||||||||
New Enterprise Income Tax Rate [Member] | Subsidiaries And VIE's Subsidiaries [Member] | ||||||||||
Income Tax [Line Items] | ||||||||||
Effective income tax rate | 25.00% | |||||||||
Enterprise Income Tax Rate [Member] | ||||||||||
Income Tax [Line Items] | ||||||||||
Effective income tax rate | 15.00% | |||||||||
Shenzhen Special Economic Zone [Member] | ||||||||||
Income Tax [Line Items] | ||||||||||
Effective income tax rate | 25.00% | 25.00% | 25.00% | |||||||
Transitional income tax rates | 24.00% | 22.00% | 20.00% | 18.00% |
X | ||||||||||
- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the income tax rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to research tax credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A description of the factual circumstances giving rise to an income tax exemption or special reduction received from a taxing jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of undistributed earnings of foreign subsidiaries intended to be permanently reinvested outside the country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Income Tax [Line Items] No definition available.
|
X | ||||||||||
- Definition Income Tax Reconciliation Foreign Withholding Taxes No definition available.
|
X | ||||||||||
- Definition Preferential Enterprise Income Tax Rate No definition available.
|
X | ||||||||||
- Definition Represents income tax rate during the transition period for the entities formerly entitled to preferential income tax rate under effective tax laws and regulations. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Taxation - Schedule of Current and Deferred Portions of Income Tax Expense (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Current income tax expenses | $ 71 | $ 289 | $ 397 |
Deferred income tax benefits | (1,335) | (1,175) | 66 |
Income tax expense/ (benefit) | $ (1,264) | $ (886) | $ 463 |
X | ||||||||||
- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Taxation - Summary of Aggregate Amount and Per Share Effect of Tax Holiday (Detail) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Aggregate dollar effect | $ (1,430) | $ (830) | $ 2,784 |
Per share effectbasic | $ 0 | $ 0 | $ 0.01 |
Per share effectdiluted | $ 0 | $ 0 | $ 0.01 |
X | ||||||||||
- Definition The amount of income taxes from which a reporting entity is exempt or for which it will receive a reduction in income taxes as a result of the income tax holiday granted by the taxing jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Income Tax Holiday, Income Tax Benefits Per Share Basic No definition available.
|
X | ||||||||||
- Definition Income Tax Holiday, Income Tax Benefits Per Share Diluted No definition available.
|
Taxation - Reconciliation of Total Tax (Benefit) Expense (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Continuing operations | |||
Income tax expense/(benefit) at PRC statutory rate (based on statutory tax rate applicable to enterprises in Shenzhen, China) | $ (6,310) | $ (438) | $ 7,211 |
Effects of differences in tax rates in different jurisdictions applicable to entities of the Group outside of the PRC | 2,145 | 2,400 | (838) |
Non-deductible expenses | 12 | 14 | 714 |
Effect of Super Deduction available to Shenzhen Xunlei | (901) | (1,365) | |
Effect of tax holiday | 1,430 | (369) | (4,613) |
Change in valuation allowance of deferred tax assets | 6,396 | 4,750 | 291 |
Effect on deferred tax assets due to change in tax rates | (8) | (103) | |
Outside basis difference arising from VIE and its subsidiaries in the PRC | (5,743) | (2,174) | 478 |
Expiration of tax loss | 90 | 290 | 51 |
Others | 1,617 | (5,351) | (1,363) |
Income tax expense/ (benefit) | $ (1,264) | $ (886) | $ 463 |
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations, attributable to increase (decrease) in the income tax rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to deductions. Including, but not limited to, extraterritorial income exclusion deduction, qualified production activity deduction, dividend deduction, deduction for dividend paid to employee stock ownership plan, Medicare prescription drug benefit subsidy deduction, and other deductions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to foreign income tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income exempt from income tax because of a tax holiday. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Income Tax Reconciliation Change In Outside Basis Foreign Subsidiaries No definition available.
|
X | ||||||||||
- Definition Income Tax Reconciliation Tax Credits Expirations No definition available.
|
Taxation - Summary of Changes in Deferred Tax Asset and Liability Balances (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Deferred tax assets, current portion: | ||
Net operating loss carried forward | $ 1,276 | $ 417 |
Amortization of intangible assets arising from intragroup transactions | 51 | 95 |
Impairment of long-term equity investment | 115 | |
Allowance for advance to suppliers | 120 | |
Valuation allowance | (106) | (81) |
Deferred tax assets, current portion, net | 1,221 | 689 |
Deferred tax assets, non-current portion: | ||
Net operating loss carried forward | 12,093 | 13,016 |
Amortization of intangible assets arising from intragroup transactions | 54 | |
Impairment of long-term equity investment | 348 | |
Allowance for advance to suppliers | 576 | |
Valuation allowance | (9,745) | (4,477) |
Deferred tax assets, non-current portion, net | 3,272 | 8,593 |
Deferred tax liabilities, non-current portion: | ||
Outside basis difference | (635) | (6,378) |
Online game licenses [Member] | ||
Deferred tax assets, current portion: | ||
Impairment of online game licenses | $ 23 |
X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of valuation allowance of deferred tax asset attributable to deductible temporary differences and carryforwards, classified as current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of valuation allowance of deferred tax asset attributable to deductible temporary differences and carryforwards, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from allowance for advance to suppliers. No definition available.
|
X | ||||||||||
- Definition Amount before allocation of valuation allowances of non current deferred tax asset attributable to deductible temporary differences from allowance for advance to suppliers. No definition available.
|
X | ||||||||||
- Definition Amount of deferred tax assets attributable to taxable temporary differences from Amortization of intangible assets arising from intragroup transactions current. No definition available.
|
X | ||||||||||
- Definition Amount of deferred tax assets attributable to taxable temporary differences from Amortization of intangible assets arising from intragroup transactions non-current. No definition available.
|
X | ||||||||||
- Definition Amount before allocation of valuation allowances of noncurrent deferred tax asset attributable to deductible temporary differences from equity method investments. No definition available.
|
X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards current. No definition available.
|
X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards non-current. No definition available.
|
X | ||||||||||
- Definition Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses Current No definition available.
|
X | ||||||||||
- Definition Deferred Tax Liabilities Net Non Current Classification [Abstract] No definition available.
|
X | ||||||||||
- Details
|
Taxation - Summary of Changes in Deferred Tax Asset and Liability Balances (Parenthetical) (Detail) $ in Thousands, ¥ in Millions |
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
USD ($)
|
---|---|---|---|
Income Tax [Line Items] | |||
Net operating tax loss carryforwards | $ 17,363 | ||
Deferred tax liabilities | $ 25,512 | $ 2,541 | |
Shenzhen Xunlei [Member] | |||
Income Tax [Line Items] | |||
Capitalized software sold at market valuation | ¥ | ¥ 42 |
X | ||||||||||
- Definition Unamortized costs incurred for development of computer software, which is to be sold, leased or otherwise marketed, after establishing technological feasibility through to the general release of the software products. Excludes capitalized costs of developing software for internal use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Income Tax [Line Items] No definition available.
|
X | ||||||||||
- Details
|
Taxation - Summary of Net Operating Loss Carryforwards (Detail) $ in Thousands |
Dec. 31, 2016
USD ($)
|
---|---|
Net operating tax loss carryforwards [Line Items] | |
Net operating tax loss carryforwards | $ 17,363 |
2017 [Member] | |
Net operating tax loss carryforwards [Line Items] | |
Net operating tax loss carryforwards | 775 |
2018 [Member] | |
Net operating tax loss carryforwards [Line Items] | |
Net operating tax loss carryforwards | 5,795 |
2019 [Member] | |
Net operating tax loss carryforwards [Line Items] | |
Net operating tax loss carryforwards | 3,414 |
2020 [Member] | |
Net operating tax loss carryforwards [Line Items] | |
Net operating tax loss carryforwards | 559 |
2021 and thereafter [Member] | |
Net operating tax loss carryforwards [Line Items] | |
Net operating tax loss carryforwards | $ 6,820 |
X | ||||||||||
- Definition The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Taxation - Schedule of Movement of Valuation Allowance (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Beginning balance | $ (4,559) | $ (291) | |
Additions | (5,292) | (4,268) | (291) |
Write-off | |||
Ending balance | $ (9,851) | $ (4,559) | $ (291) |
X | ||||||||||
- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of write-off in the valuation allowance for a specified deferred tax asset. No definition available.
|
Fair Value Measurements - Schedule of Financial Instruments Measured at Fair Value (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Fair value measurements, Short term investments | $ 181,960 | $ 70,328 |
Fair value measurements, Total | 259,075 | 384,685 |
Time deposits [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Fair value measurements, Cash equivalent, time deposits with original maturities less than three months | 115,944 | 314,357 |
Investments in financial instruments [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Fair value measurements, Short term investments | 143,131 | 70,328 |
Significant other observable inputs (Level 2) [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Fair value measurements, Total | 259,075 | 384,685 |
Significant other observable inputs (Level 2) [Member] | Time deposits [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Fair value measurements, Cash equivalent, time deposits with original maturities less than three months | 115,944 | 314,357 |
Significant other observable inputs (Level 2) [Member] | Investments in financial instruments [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Fair value measurements, Short term investments | $ 143,131 | $ 70,328 |
X | ||||||||||
- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value of asset after deduction of liability. No definition available.
|
X | ||||||||||
- Definition Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Other Income, Net - Schedule of Other Income, Net (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||||
Subsidy income | $ 2,358 | $ 1,902 | $ 2,236 | ||||
Fair value changes of warrants liabilities | 8,054 | ||||||
Dilution gains arising from deemed disposal of investment (note 11) | 689 | [1] | 702 | [1] | 449 | ||
Investment loss-impairment of long-term investment (note 11) | (1,654) | (802) | |||||
Exchange losses | (354) | (2,771) | (176) | ||||
Settlement income | 326 | 755 | 489 | ||||
Others | 458 | 175 | (557) | ||||
Other income, net | 6,503 | 3,627 | 13,966 | ||||
Short-term Investments [Member] | |||||||
Investment income from short-term investments | 4,054 | 3,666 | 3,471 | ||||
Other Long-term Investments [Member] | |||||||
Investment income from short-term investments | $ 626 | ||||||
|
X | ||||||||||
- Definition This element represents disclosure of the amount of gain which has been deferred as the result of the sale of a business or operating assets to a highly leveraged entity which deferred gain has been reflected in the accompanying statement of financial position as reduction from the related asset. No definition available.
|
X | ||||||||||
- Definition This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax of foreign currency transaction realized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total amount of gain (loss) derived from fair value hedges recognized in earnings in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income and dividend income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of judgment or settlement awarded to (against) the entity in respect of litigation. No definition available.
|
X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of other nonoperating income (expense). No definition available.
|
X | ||||||||||
- Definition Refers to the income that the government provided to the enterprise according to the provisions including value-added tax refund and others quota subsidy. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Commitments and Contingencies - Additional Information (Detail) ¥ in Thousands, $ in Thousands |
1 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|
Jan. 31, 2015
USD ($)
|
Jan. 31, 2015
CNY (¥)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
Apr. 20, 2017 |
|
Loss Contingencies [Line Items] | |||||||
Legal and litigation related expenses | $ 1,669 | $ 3,307 | $ 1,073 | ||||
Aggregate amount of claimed damages | $ 1,370 | ¥ 8,400 | |||||
Legal and litigation related expenses | 2,904 | 2,601 | |||||
Scenario, Forecast [Member] | Copyright infringement [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Number of lawsuits pending | 56 | ||||||
Pending Litigation [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Aggregate amount of claimed damages | 12,870 | ¥ 89,270 | 13,980 | ||||
Pending Litigation [Member] | Scenario, Forecast [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Number of lawsuits pending | 61 | ||||||
Switchboard, Servers, Office Software And Construction In Process [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Irrevocable purchase obligations | 7,527 | ||||||
Rental commitments [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Total lease expenses | 2,382 | 2,751 | 3,068 | ||||
Bandwidth Lease Commitments [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Total lease expenses for continuing operations | $ 55,135 | 37,218 | 33,545 | ||||
Total lease expenses for discontinued operations | $ 2,983 | $ 6,828 |
X | ||||||||||
- Definition Carrying amount of reserve for known or estimated probable loss from litigation, which may include attorneys' fees and other litigation costs, which is expected to be paid within one year of the date of the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of litigation expense, including but not limited to legal, forensic, accounting, and investigative fees. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The value (monetary amount) of the award the plaintiff seeks in the legal matter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of pending claims pertaining to a loss contingency. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount purchased during the period under an unrecorded unconditional purchase obligation (for example, under the take-or-pay or throughput contract). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Represents the rental expense for the reporting period incurred under continuing operations leases, including minimum and any contingent rent expense, net of related sublease income. No definition available.
|
X | ||||||||||
- Definition Represents the rental expense for the reporting period incurred under discontinued operations leases, including minimum and any contingent rent expense, net of related sublease income. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Commitments and Contingencies - Future Minimum Payments under Non-Cancellable Leases (Detail) $ in Thousands |
Dec. 31, 2016
USD ($)
|
---|---|
Rental commitments [Member] | |
Operating Leased Assets [Line Items] | |
2017 | $ 2,993 |
2018 | 2,761 |
2019 | 1,182 |
Future minimum payments, Total | 6,936 |
Bandwidth Lease Commitments [Member] | |
Operating Leased Assets [Line Items] | |
2017 | 18,651 |
2018 | 322 |
2019 | $ 18,973 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Certain Risks and Concentration - Additional Information (Detail) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016
USD ($)
Customer
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014 |
|
Concentration Risk [Line Items] | |||
Maximum foreign ownership in internet information provider or other value-added telecommunication service provider's business allowed under PRC laws and regulations | 50.00% | ||
Retained earnings and distributable reserves | $ (36,704) | $ (12,593) | |
Number of top customers accounted for net revenues | 10 | 10 | 10 |
Accounts Payable,Inter-companies Balance, Current | $ 9,360 | $ 11,626 | |
Accrued Liabilities and Other Liabilities, Inter-companies Balance | $ 91,477 | $ 105,872 | |
Net revenues [Member] | Customer concentration risk [Member] | |||
Concentration Risk [Line Items] | |||
Percentage of net revenues accounted from customers | 18.00% | 26.00% | 16.00% |
Shenzhen Xunlei Networking Technologies, Co., Ltd [Member] | |||
Concentration Risk [Line Items] | |||
operating contract term | 10 years | ||
Variable Interest Entity, Primary Beneficiary [Member] | |||
Concentration Risk [Line Items] | |||
Retained earnings and distributable reserves | $ 2,541 | ||
Variable Interest Entity, Not Primary Beneficiary [Member] | |||
Concentration Risk [Line Items] | |||
Retained earnings and distributable reserves | $ 25,512 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Term of the lessor's leasing arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of inter companies balances included in carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. No definition available.
|
X | ||||||||||
- Definition Inter companies balances included in amount of obligations incurred and payable, pertaining to costs that are statutory in nature, incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. No definition available.
|
X | ||||||||||
- Definition Concentration Risk Number Of Top Customers No definition available.
|
X | ||||||||||
- Definition Foreign Ownership Percentage In Internet Based Businesses Maximum No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Certain Risks and Concentration - Schedule of Consolidated Financial Information of VIEs and VIE's Subsidiaries - Balance sheet (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Current assets: | |||||||||||
Cash and cash equivalents | $ 199,504 | $ 361,777 | $ 404,275 | $ 93,906 | |||||||
Short-term investments | 181,960 | 70,328 | |||||||||
Accounts receivable, net | 14,536 | 11,266 | |||||||||
Due from related parties | 1,097 | 45 | |||||||||
Deferred tax assets | 1,221 | 689 | |||||||||
Inventories | 374 | 480 | |||||||||
Prepayments and other current assets | 13,593 | 13,068 | |||||||||
Total current assets | 412,285 | 457,653 | |||||||||
Non-current assets: | |||||||||||
Deferred tax assets | 3,272 | 8,593 | |||||||||
Property and equipment, net | 21,016 | 18,036 | |||||||||
Construction in progress | 574 | 14 | |||||||||
Intangible assets, net | 10,746 | 13,433 | |||||||||
Goodwill | 20,497 | 21,896 | |||||||||
Other long-term prepayments | 1,187 | 7,431 | |||||||||
Total assets | 509,795 | 538,361 | |||||||||
Current liabilities: | |||||||||||
Accounts payable (note a) | 33,376 | 21,736 | |||||||||
Due to a related party | 45 | 38 | |||||||||
Deferred revenue and income, current portion | 24,532 | 25,113 | |||||||||
Accrued liabilities and other payables (note b) | 33,131 | 27,379 | |||||||||
Total current liabilities | 93,405 | 76,736 | |||||||||
Non-current liabilities: | |||||||||||
Deferred revenue and income, non-current portion | [1] | 4,082 | 5,383 | ||||||||
Total liabilities | 103,545 | 93,680 | |||||||||
Variable Interest Entity, Primary Beneficiary [Member] | |||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | 40,393 | 32,461 | |||||||||
Short-term investments | 28,749 | 69,522 | |||||||||
Accounts receivable, net | 14,824 | 11,573 | |||||||||
Due from related parties | 1,083 | 30 | |||||||||
Deferred tax assets | 971 | 351 | |||||||||
Inventories | 374 | 480 | |||||||||
Prepayments and other current assets | 15,123 | 31,659 | |||||||||
Total current assets | 101,517 | 146,076 | |||||||||
Non-current assets: | |||||||||||
Equity method investments | 25,479 | 9,884 | |||||||||
Deferred tax assets | 1,849 | 6,791 | |||||||||
Property and equipment, net | 20,059 | 17,991 | |||||||||
Construction in progress | 574 | 14 | |||||||||
Intangible assets, net | 11,083 | 14,297 | |||||||||
Goodwill | 20,497 | 21,896 | |||||||||
Other long-term prepayments | 1,187 | 7,430 | |||||||||
Total non-current assets | 80,728 | 78,303 | |||||||||
Total assets | 182,245 | 224,379 | |||||||||
Current liabilities: | |||||||||||
Accounts payable (note a) | [2] | 44,162 | 33,262 | ||||||||
Due to a related party | 45 | 38 | |||||||||
Deferred revenue and income, current portion | 24,260 | 24,902 | |||||||||
Income tax payable | 2,253 | 2,407 | |||||||||
Accrued liabilities and other payables (note b) | [3] | 104,114 | 131,312 | ||||||||
Total current liabilities | 174,834 | 191,921 | |||||||||
Non-current liabilities: | |||||||||||
Deferred revenue and income, non-current portion | 3,539 | 4,751 | |||||||||
Total non-current liabilities | 3,539 | 4,751 | |||||||||
Total liabilities | $ 178,373 | $ 196,672 | |||||||||
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expenses incurred but not yet paid nor invoiced, and liabilities classified as other. No definition available.
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of structure or a modification to a structure under construction. Includes recently completed structures or modifications to structures that have not been placed into service. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of noncurrent assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Certain Risks and Concentration - Schedule of Consolidated Financial Information of VIEs and VIE's Subsidiaries - Income Statement (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Net revenue from continuing operations | $ 156,162 | $ 129,635 | $ 133,934 |
Net income / (loss) attributable to Xunlei Limited | (24,111) | (13,167) | 10,812 |
Variable Interest Entity, Primary Beneficiary [Member] | |||
Net revenue from continuing operations | 156,192 | 129,198 | 132,515 |
Net income / (loss) attributable to Xunlei Limited | $ (32,402) | $ (6,408) | $ 12,677 |
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Certain Risks and Concentration - Schedule of Consolidated Financial Information of VIEs and VIE's Subsidiaries - Cash Flow (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Net cash provided by operating activities | $ 16,970 | $ 13,764 | $ 48,202 |
Net cash (used in)/provided by investing activities | (158,335) | (54,982) | (70,546) |
Net cash provided by financing activities | (11,041) | 5,030 | 333,268 |
Net increase in cash and cash equivalents | (152,406) | (36,188) | 310,924 |
Variable Interest Entity, Primary Beneficiary [Member] | |||
Net cash provided by operating activities | 3,565 | 41,723 | 70,822 |
Net cash (used in)/provided by investing activities | 1,859 | (51,721) | (78,335) |
Net cash provided by financing activities | 2,508 | 1,055 | 856 |
Net increase in cash and cash equivalents | $ 7,932 | $ (8,943) | $ (6,657) |
X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
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Subsequent Events - Additional Information (Detail) ¥ in Millions, $ in Millions |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2017
shares
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
|
Henan Tourism Information Co., Ltd., [Member] | |||
Subsequent Event [Line Items] | |||
Business Combination, Consideration Payable | $ 3.5 | ¥ 24 | |
Business Acquisition, Percentage of Voting Interests Acquired | 80.00% | 80.00% | |
Subsequent Event [Member] | Treasury Stock [Member] | |||
Subsequent Event [Line Items] | |||
Treasury Stock, Shares, Acquired | 465,350 | ||
Subsequent Event [Member] | Restricted shares [Member] | |||
Subsequent Event [Line Items] | |||
Restricted stock granted | 1,130,000 |
X | ||||||||||
- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. No definition available.
|
X | ||||||||||
- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of business consideration which is payable to the acquire at event of business combination. No definition available.
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
|
Restricted Net Assets - Additional Information (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Restriction on transfer of net assets | $ 124,026 | $ 117,728 |
X | ||||||||||
- Definition Amount of restricted net assets of consolidated and unconsolidated subsidiaries as of the end of the most recently completed fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Kingsoft acquisition in 2014 Additional Information (Detail) - Kingsoft Corporation Limited [Member] $ in Thousands |
Sep. 05, 2014
USD ($)
|
---|---|
Business Combination, Consideration Transferred, Fair value of share based award | $ 300 |
Business Combination, Consideration Transferred, Fair value of share based award attribute to Serives by Employess Before combination | 303 |
Business Combination, Consideration Transferred, Fair value of share based award attribute to Serives by Employess After combination | 44 |
Payments to Acquire Businesses, Gross | $ 33,000 |
X | ||||||||||
- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value of share based award issued or issuable in consideration for the business combination. No definition available.
|
X | ||||||||||
- Definition Amount attribute to post combination service recorded to as share based compensation expense. No definition available.
|
X | ||||||||||
- Definition Fair value of share based award attribute to pre combination service attocated as consideration transferred. No definition available.
|
X | ||||||||||
- Details
|
Kingsoft acquisition in 2014 (Details) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Property and equipment | $ 255 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract] | ||
Goodwill | 20,497 | $ 21,896 |
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net | 33,303 | |
Trademarks [Member] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 6,120 | |
Noncompete Agreements [Member] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 1,490 | |
Technology [Member] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 2,381 |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of identifiable intangible assets recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount recognized for assets, including goodwill, in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
Additional information: condensed financial statements of the Company - Schedule of Condensed Balance Sheets (Detail) - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
||
---|---|---|---|---|---|---|
Current assets: | ||||||
Cash and cash equivalents | $ 199,504 | $ 361,777 | $ 404,275 | $ 93,906 | ||
Prepayments and other current assets | 13,593 | 13,068 | ||||
Total current assets | 412,285 | 457,653 | ||||
Non-current assets: | ||||||
Property, equipment and software, net | 21,016 | 18,036 | ||||
Total assets | 509,795 | 538,361 | ||||
Current liabilities: | ||||||
Accounts payable | 33,376 | 21,736 | ||||
Deferred revenue and income, current portion | 24,532 | 25,113 | ||||
Total current liabilities | 93,405 | 76,736 | ||||
Non-current liabilities: | ||||||
Deferred revenue and income, non-current | [1] | 4,082 | 5,383 | |||
Due to related parties, non-current portion | 4,537 | 4,337 | ||||
Other long-term payable | 886 | 846 | ||||
Total liabilities | 103,545 | 93,680 | ||||
Commitments and contingencies | ||||||
Shareholders' equity | ||||||
Common shares | 83 | 85 | ||||
Treasury shares 29,558,094 shares as at December 31, 2015 and 38,332,209 shares as at December 31, 2016 | 9 | 7 | ||||
Total Xunlei Limited’s shareholders’ equity | 408,238 | 446,749 | 457,891 | 79,194 | ||
Total liabilities and shareholders’ equity | 509,795 | 538,361 | ||||
Xunlei Limited [Member] | ||||||
Current assets: | ||||||
Cash and cash equivalents | 273,160 | 292,175 | $ 309,457 | $ 28,863 | ||
Due from subsidiaries and consolidated VIEs | 101,130 | 92,864 | ||||
Prepayments and other current assets | 348 | 1,090 | ||||
Total current assets | 374,638 | 386,129 | ||||
Non-current assets: | ||||||
Property, equipment and software, net | 3 | 0 | ||||
Investments in subsidiaries and consolidated VIEs | 43,447 | 68,481 | ||||
Total assets | 418,088 | 454,610 | ||||
Current liabilities: | ||||||
Accounts payable | 55 | 55 | ||||
Due to subsidiaries and consolidated VIEs | 1,862 | 388 | ||||
Deferred revenue and income, current portion | 272 | 211 | ||||
Accrued liabilities and other payables | 1,695 | 1,393 | ||||
Total current liabilities | 3,884 | 2,047 | ||||
Non-current liabilities: | ||||||
Deferred revenue and income, non-current | 543 | 632 | ||||
Due to related parties, non-current portion | 4,537 | 4,337 | ||||
Other long-term payable | 886 | 845 | ||||
Total liabilities | 9,850 | 7,861 | ||||
Commitments and contingencies | ||||||
Shareholders' equity | ||||||
Common shares | 83 | 85 | ||||
Treasury shares 29,558,094 shares as at December 31, 2015 and 38,332,209 shares as at December 31, 2016 | 9 | 7 | ||||
Other shareholders' equity | 408,146 | 446,657 | ||||
Total Xunlei Limited’s shareholders’ equity | 408,238 | 446,749 | ||||
Total liabilities and shareholders’ equity | $ 418,088 | $ 454,610 | ||||
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Portion of the carrying amount as of the balance sheet date of obligations due all related parties that is payable after one year or beyond the normal operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Also includes the aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet. No definition available.
|
X | ||||||||||
- Definition Due from subsidiaries and variable interest entities. No definition available.
|
X | ||||||||||
- Definition Due to subsidiaries and variable interest entities. No definition available.
|
X | ||||||||||
- Definition Investment in subsidiaries and variable interest entities. No definition available.
|
X | ||||||||||
- Definition Other Shareholders Equity No definition available.
|
X | ||||||||||
- Definition Amount of taxes withheld with respect to a stock repurchase as required under the applicable laws and repayable to the seller if not subject to such taxes. No definition available.
|
X | ||||||||||
- Details
|
Additional information: condensed financial statements of the Company - Schedule of Condensed Balance Sheets (Parenthetical) (Detail) - shares |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|
Consolidated Balance Sheet Statements Captions [Line Items] | ||
Treasury stock, shares | 38,332,209 | 29,558,094 |
Xunlei Limited [Member] | ||
Consolidated Balance Sheet Statements Captions [Line Items] | ||
Treasury stock, shares | 38,332,209 | 29,558,094 |
X | ||||||||||
- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Consolidated Balance Sheet Statements Captions [Line Items] No definition available.
|
X | ||||||||||
- Details
|
Additional information: condensed financial statements of the Company - Schedule of Condensed Statements of Operations (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Condensed Income Statements, Captions [Line Items] | |||
Revenues | $ 156,162 | $ 129,635 | $ 133,934 |
Cost of revenues | (80,319) | (60,034) | (55,755) |
Gross loss | 75,843 | 69,601 | 78,179 |
Operating expenses | |||
Research and development expenses | (64,360) | (38,250) | (29,252) |
Sales and marketing expenses | (18,782) | (15,042) | (13,527) |
General and administrative expenses | (26,168) | (28,774) | (26,945) |
Total operating expenses | (109,310) | (82,066) | (69,724) |
Operating income / (loss) | (33,467) | (12,465) | 8,455 |
Interest income | 2,158 | 5,833 | 6,733 |
Interest expense | (239) | (239) | (163) |
Other income, net | 6,503 | 3,627 | 13,966 |
Income/(loss) from continuing operations before income tax | (25,240) | (3,256) | 28,732 |
Income tax | 1,264 | 886 | (463) |
Net income / (loss) | (24,183) | (14,466) | 9,862 |
Net income attributable to the non-controlling interest | (72) | (1,299) | (950) |
Net loss attributable to Xunlei Limited’s common shareholders | (24,111) | (13,167) | (105,366) |
Xunlei Limited [Member] | |||
Condensed Income Statements, Captions [Line Items] | |||
Revenues | |||
Cost of revenues | (131) | (1,673) | |
Gross loss | (131) | (1,673) | |
Operating expenses | |||
Research and development expenses | |||
Sales and marketing expenses | (10) | ||
General and administrative expenses | (1,193) | (1,314) | (996) |
Total operating expenses | (1,203) | (1,314) | (996) |
Operating income / (loss) | (1,203) | (1,445) | (2,669) |
Interest income | 1,521 | 5,318 | 6,171 |
Interest expense | (239) | (239) | (163) |
Other income, net | 715 | (3,261) | 7,602 |
Loss from subsidiaries and consolidated VIEs | (24,905) | (13,540) | (129) |
Income/(loss) from continuing operations before income tax | (24,111) | (13,167) | 10,812 |
Income tax | |||
Net income / (loss) | (24,111) | (13,167) | 10,812 |
Net income attributable to the non-controlling interest | |||
Net loss attributable to Xunlei Limited’s common shareholders | $ (24,111) | $ (13,167) | $ 10,812 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of interest income earned from interest bearing assets classified as other. No definition available.
|
X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
|
X | ||||||||||
- Definition Income loss from subsidiaries and variable interest entities. No definition available.
|
X | ||||||||||
- Details
|
Additional information: condensed financial statements of the Company - Schedule of Condensed Statement of Cash Flows (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Cash flows from operating activities | |||
Net cash used in operating activities | $ 16,970 | $ 13,764 | $ 48,202 |
Cash flows from investing activities | |||
Net cash (used in) /generated from investing activities | (158,335) | (54,982) | (70,546) |
Cash flows from financing activities | |||
Net cash generated from /(used in) financing activities | (11,041) | 5,030 | 333,268 |
Net increase/(decrease) in cash and cash equivalents | (152,406) | (36,188) | 310,924 |
Cash and cash equivalents at beginning of year | 361,777 | 404,275 | 93,906 |
Effect of exchange rates on cash and cash equivalents | (9,867) | (6,310) | (555) |
Cash and cash equivalents at end of year | 199,504 | 361,777 | 404,275 |
Xunlei Limited [Member] | |||
Cash flows from operating activities | |||
Net cash used in operating activities | (20,312) | (26,069) | (41,485) |
Cash flows from investing activities | |||
Net cash (used in) /generated from investing activities | 15,557 | 3,812 | (10,333) |
Cash flows from financing activities | |||
Net cash generated from /(used in) financing activities | (14,260) | 4,975 | 332,412 |
Net increase/(decrease) in cash and cash equivalents | (19,015) | (17,282) | 280,594 |
Cash and cash equivalents at beginning of year | 292,175 | 309,457 | 28,863 |
Effect of exchange rates on cash and cash equivalents | |||
Cash and cash equivalents at end of year | $ 273,160 | $ 292,175 | $ 309,457 |
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Details
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