19. RELATED PARTY BALANCES AND TRANSACTIONS
The principal related parties with which the Company had transactions during the periods presented are as follows:
|
Name of Related Parties |
|
Relationship with the Company |
|
|
|
|
|
Mr. Wang Song |
|
The Co-Founder and Director of the Company |
|
Ms. Kou Xiaohong |
|
The Co-Founder and Director of the Company |
|
Blue I.T. Technologies Limited (“Blue IT”) |
|
A company 100% owned by Ms. Kou Xiaohong |
|
Harvest Century International Ltd. (“HCI”) |
|
A company 100% owned by Ms. Kou Xiaohong |
|
Xuntong Tianxia Limited (“Xuntong”) |
|
A company under the significant influence of a senior management of the Company |
|
Jiuzhou Changxiang Technologies (Beijing) Limited (“Jiuzhou Changxiang”) |
|
A company under the significant influence of a senior management of the Company |
The Company had the following related party balances as of December 31, 2012 and 2013:
|
|
|
Xuntong |
|
Jiuzhou
Changxiang |
|
Ms. Kou
Xiaohong |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of January 1, 2012 |
|
— |
|
— |
|
(18 |
) |
(18 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Receivables from Xuntong for services provided |
|
13,000 |
|
— |
|
— |
|
13,000 |
|
|
Cash received from Xuntong |
|
(4,360 |
) |
— |
|
— |
|
(4,360 |
) |
|
Service fee charged by Jiuzhou Changxiang |
|
— |
|
(4,139 |
) |
— |
|
(4,139 |
) |
|
Service fee paid to Jiuzhou Changxiang |
|
— |
|
3,095 |
|
— |
|
3,095 |
|
|
Balance as of December 31, 2012 |
|
8,640 |
|
(1,044 |
) |
(18 |
) |
7,578 |
|
|
Cash received from Xuntong |
|
(8,499 |
) |
— |
|
— |
|
(8,499 |
) |
|
Service fee charged by Jiuzhou Changxiang |
|
— |
|
(1,614 |
) |
— |
|
(1,614 |
) |
|
Service fee paid to Jiuzhou Changxiang |
|
— |
|
1,814 |
|
— |
|
1,814 |
|
|
Balance as of December 31, 2013 |
|
141 |
|
(844 |
) |
(18 |
) |
(721 |
) |
|
Balance as of December 31, 2013 (US$’000) |
|
23 |
|
(139 |
) |
(3 |
) |
(119 |
) | |