SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2013
Share-based compensation  
Summary of the Company's restricted shares award issued under 2011 Plan

 

 

Number of
ordinary shares

 

Weighted average grant
date fair value

 

 

 

 

 

(US$)

 

 

 

 

 

 

 

Outstanding, January 1, 2013

 

 

 

 

 

 

 

 

 

 

Granted

 

8,448,992

 

0.24

 

Vested

 

 

 

 

Forfeited

 

(1,689,798

)

0.24

 

 

 

 

 

 

 

Outstanding, December 31, 2013

 

6,759,194

 

0.24

 

 

 

 

 

 

 

Vested and expected to vest at December 31, 2013

 

6,759,194

 

0.24

 

Schedule of total compensation expense relating to options granted

 

 

2011

 

2012

 

2013

 

 

 

(RMB)’000

 

(RMB)’000

 

(RMB)’000

 

(US$)’000

 

Cost of revenues

 

4,047

 

2,896

 

1,665

 

275

 

Sales and marketing expenses

 

9,669

 

6,917

 

3,853

 

636

 

General and administration expenses

 

8,968

 

3,219

 

3,833

 

633

 

Research and development expenses

 

4,272

 

3,056

 

2,501

 

413

 

 

 

26,956

 

16,088

 

11,852

 

1,957

 

Employees
 
Share-based compensation  
Summary of entity's share option activity

 

 

Number of 
options

 

Weighted
average Exercise
price

 

Weighted 
average 
remaining 
contractual term

 

Aggregate 
intrinsic value

 

 

 

 

 

(US$)

 

(Years)

 

(US$’000)

 

 

 

 

 

 

 

 

 

 

 

Outstanding, January 1, 2012

 

40,285,702

 

0.33

 

8.58

 

1,035

 

 

 

 

 

 

 

 

 

 

 

Granted

 

2,130,000

 

0.27

 

 

 

 

 

Exercised

 

(2,406,272

)

0.22

 

 

 

 

 

Forfeited

 

(3,494,672

)

0.30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2012

 

36,514,758

 

0.22

 

7.70

 

840

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at December 31, 2012

 

36,514,758

 

0.22

 

7.70

 

840

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2012

 

15,410,254

 

0.19

 

7.16

 

840

 

 

 

 

 

 

 

 

 

 

 

Granted

 

9,471,008

 

0.24

 

 

 

 

 

Exercised

 

(11,277,280

)

0.20

 

 

 

 

 

Forfeited

 

(2,304,912

)

0.24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2013

 

32,403,574

 

0.23

 

6.78

 

10,479

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at December 31, 2013

 

32,403,574

 

0.23

 

6.78

 

10,479

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2013

 

17,824,031

 

0.21

 

7.16

 

6,211

 

Schedule of assumptions used in calculation of estimated fair value of the options

 

 

June 20,
2011

 

May 21,
2012

 

July 8, 2013

 

 

 

 

 

 

 

 

 

Suboptimal exercise factor

 

2.2

 

2.2

 

2.8

 

Risk-free interest rates

 

2.21

%

1.73

%

2.66

%

Expected volatility

 

71.2

%

67.5

%

61.26

%

Expected dividend yield

 

0

%

0

%

0

%

Weighted average fair value of share option

 

0.236

 

0.166

 

0.141