Document And Entity Information	12 Months Ended
Document And Entity Information	Dec. 31, 2016 shares
Document Information [Line Items]
Entity Registrant Name	Fang Holdings Ltd
Entity Central Index Key	0001294404
Document Type	20-F
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2016
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	64,012,758
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	24,336,650

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 336,528	$ 817,921
Restricted cash, current	211,084	103,179
Short-term investments	42,929	62,559
Accounts receivable (net of allowance of US$31,064 and US$34,366 as of December 31, 2015 and 2016, respectively)	93,672	147,516
Funds receivable (net of allowance of nil and US$2,322 as of December 31, 2015 and 2016, respectively)	20,483	45,400
Prepayments and other current assets	39,824	60,265
Commitment deposits (net of allowance of US$500 and nil as of December 31, 2015 and 2016, respectively)	6,527	10,646
Loans receivable, current	41,966	266,990
Amounts due from a related party	197	262
Total current assets	793,210	1,514,738
Non-current assets:
Property and equipment, net	319,897	326,504
Loans receivable, non-current	16,808	55,349
Deferred tax assets	4,915	5,490
Deposit for non-current assets	240,712	137,715
Long-term investments	231,880	244,678
Other non-current assets	7,391	7,568
Total non-current assets	821,603	777,304
Total assets	1,614,813	2,292,042
Current liabilities:
Short-term loans (including short-term loans of the People’s Republic of China (“PRC”) Domestic Entities and the PRC Domestic Entities' subsidiaries without recourse to the Company of nil and US$22,734 as of December 31, 2015 and 2016, respectively)	212,734	100,000
Deferred revenue (including deferred revenue of the PRC Domestic Entities and the PRC Domestic Entities' subsidiaries without recourse to the Company of US$46,455 and US$21,744 as of December 31, 2015 and 2016, respectively)	129,765	145,321
Accrued expenses and other liabilities (including accrued expenses and other liabilities of the PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries without recourse to the Company of US$109,727 and US$106,459 as of December 31, 2015 and 2016, respectively)	318,539	361,593
Customers' refundable fees (including customers' refundable fees of the PRC Domestic Entities and the PRC Domestic Entities' subsidiaries without recourse to the Company of US$36,425 and US$18,295 as of December 31, 2015 and 2016, respectively)	28,630	59,107
Income tax payable (including income tax payable of the PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries without recourse to the Company of US$1,872 and US$199 as of December 31, 2015 and 2016, respectively)	6,022	9,948
Convertible senior notes		396,716
Total current liabilities	695,690	1,072,685
Non-current liabilities:
Long-term loans (including long-term loans of the PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries without recourse to the Company of nil and US$65,190 as of December 31, 2015 and 2016, respectively)	65,190
Convertible senior notes	295,268	287,887
Deferred tax liabilities	70,424	76,631
Other non-current liabilities	416	312
Total non-current liabilities	431,298	364,830
Total liabilities	1,126,988	1,437,515
Commitments and contingencies
Shareholders' equity:
Additional paid-in capital	488,943
Accumulated other comprehensive loss	(81,349)	(10,364)
Retained earnings	203,870	373,505
Less: Treasury stock (nil and 7,065,058 shares as of December 31, 2015 and 2016, respectively.)	(136,615)
Total Fang Holdings Limited shareholders’ equity	487,130	853,766
Noncontrolling interests	695	761
Total shareholders’ equity	487,825	854,527
Total liabilities and shareholders’ equity	1,614,813	2,292,042
Common Class A [Member]
Shareholders' equity:
Ordinary shares	9,157	9,110
Common Class B [Member]
Shareholders' equity:
Ordinary shares	$ 3,124	$ 3,124

CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Dec. 31, 2016 USD ($) shares	Dec. 31, 2016 HKD HKD / shares shares	Dec. 31, 2015 USD ($) shares	Dec. 31, 2015 HKD HKD / shares shares	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Accounts receivable, allowance	$ 34,366		$ 31,064		$ 21,397	$ 15,019
Allowance for Doubtful Accounts Receivable	34,366		31,064
Short-term loans	212,734		100,000
Deferred revenue	129,765		145,321
Accrued expenses and other liabilities	318,539		361,593
Customer’s refundable fees	28,630		59,107
Income tax payable	6,022		9,948
Long-term loans	$ 65,190
Class A and Class B ordinary shares, shares authorized \| shares	600,000,000	600,000,000	600,000,000	600,000,000
Commitment Deposits [Member]
Allowance for Doubtful Accounts Receivable			$ 500
Funds Receivable[ [Member]
Allowance for Doubtful Accounts Receivable	2,322
PRC Domestic Entities [Member]
Allowance for Doubtful Accounts Receivable			65,190
Short-term loans	22,734
Deferred revenue	21,744		46,455
Accrued expenses and other liabilities	106,459		109,727
Customer’s refundable fees	18,295		36,425
Income tax payable	199		1,872
Long-term loans	$ 65,190
Common Class A [Member]
Ordinary shares, par value \| HKD / shares		HKD 1.00		HKD 1.00
Ordinary Shares, Shares issued \| shares	71,077,816	71,077,816	70,736,679	70,736,679
Ordinary Shares, Shares outstanding \| shares	64,012,758	64,012,758	70,736,679	70,736,679
Common Class B [Member]
Ordinary shares, par value \| HKD / shares		HKD 1.00		HKD 1.00
Ordinary Shares, Shares issued \| shares	24,336,650	24,336,650	24,336,650	24,336,650
Ordinary Shares, Shares outstanding \| shares	24,336,650	24,336,650	24,336,650	24,336,650

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues
Total gross revenues	$ 916,391	$ 883,549	$ 702,882
Cost of revenues
Cost of services	(687,184)	(555,389)	(145,739)
Total cost of revenues	(687,184)	(555,389)	(145,739)
Gross profit	229,207	328,160	557,143
Operating (expenses) income
Selling expenses	(229,817)	(236,603)	(147,874)
General and administrative expenses (including related party amounts of US$1,084, US$776 and US$897for the years ended December 31, 2014, 2015 and 2016, respectively)	(151,251)	(125,405)	(100,571)
Other income (loss)	415	(625)	835
Operating income (loss)	(151,446)	(34,473)	309,533
Foreign exchange (loss) gain	(1,882)	1,464	(44)
Interest income	11,367	22,221	43,857
Interest expense	(20,791)	(16,519)	(17,308)
Realized gain on sale available-for-sale security (including accumulated other comprehensive income reclassifications for unrealized gain on available-for-sale security of nil, nil and US$10,583 for the years ended December 31, 2014, 2015 and 2016, respectively)	10,583
Government grants	6,469	4,936	7,205
Investment income	3,281	1,333	0
Impairment on investments	(2,232)		(8,417)
Income (loss) before income taxes and noncontrolling interests	(144,651)	(21,038)	334,826
Income tax (expense) benefit	(24,984)	5,905	(81,609)
Net income (loss)	(169,635)	(15,133)	253,217
Net (loss) attributable to noncontrolling interests		(37)
Net income (loss) attributable to Fang Holdings Limited’s shareholders	(169,635)	(15,096)	253,217
Other comprehensive income (loss), before tax
Foreign currency translation adjustments	(60,732)	(55,928)	(4,323)
Amounts reclassified from accumulated other comprehensive income	(10,583)
Unrealized gain (loss) on available-for-sale securities	7,326	(4,002)	10,508
Loss on intra-entity foreign transactions of long-term-investment nature	(6,996)
Other comprehensive income (loss), before tax	(70,985)	(59,930)	6,185
Other comprehensive income, net of tax	(70,985)	(59,930)	6,185
Income tax expense related to components of other comprehensive income
Comprehensive income (loss)	(240,620)	(75,063)	259,402
Comprehensive (loss) attributable to noncontrolling interests		(37)
Comprehensive income (loss) attributable to Fang Holdings Limited’s shareholders	$ (240,620)	$ (75,026)	$ 259,402
Earnings (loss) per share for Class A and Class B ordinary shares
Basic	$ (1.81)	$ (0.18)	$ 3.08
Diluted	$ (1.81)	$ (0.18)	$ 2.87
Weighted average number of Class A and Class B ordinary shares outstanding:
Basic	93,605,749	85,170,886	82,163,135
Diluted	93,605,749	85,170,886	92,208,620
E-commerce services [Member]
Revenues
Total gross revenues	$ 577,684	$ 474,810	$ 244,344
Marketing Services [Member]
Revenues
Total gross revenues	165,437	249,862	294,484
Listing Services [Member]
Revenues
Total gross revenues	118,109	107,922	145,654
Financial Services [Member]
Revenues
Total gross revenues	29,602	29,582	3,235
Other value-added services [Member]
Revenues
Other Revenues	$ 25,559	$ 21,373	$ 15,165

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
General and administrative expenses	$ 151,251	$ 125,405	$ 100,571
Accumulated other comprehensive income reclassifications for unrealized gain on available-for-sale security	10,583
Related Party [Member]
General and administrative expenses	$ 897	$ 776	$ 1,084

CONSOLIDATED STATEMENTS 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)	$ (169,635)	$ (15,133)	$ 253,217
Adjustments to reconcile net income (loss) to net cash generated from (used in) operating activities:
Share-based compensation	6,552	4,497	4,682
Depreciation of property and equipment	25,004	14,668	11,624
Deferred tax expenses (benefits)	(2,250)	(32,361)	27,339
Allowance for doubtful accounts	29,712	18,649	17,377
Allowance for funds receivable	2,322
Realized gain on available-for-sale security	(10,583)
Impairment on investments	2,232		8,417
Amortization of loan origination costs	1,302	1,393	1,812
Amortization of issuance costs for convertible senior notes	4,964	3,196	3,033
Loss on disposal of property and equipment	719	0	0
Deemed rental expense (Note 18)	154	169	174
Changes in operating assets and liabilities:
Accounts receivable	16,190	(118,797)	(22,697)
Funds receivable	7,769	13,177	(25,173)
Prepayments and other current assets	16,730	(35,333)	8,799
Commitment deposits	4,119	36,666	(47,312)
Loans receivable, current	214,824	(53,340)	(2,009)
Loans receivable, non-current	36,158	(192,059)	(79,641)
Amounts due from a related party	273	(262)
Other non-current assets	(317)	2,250	(4,275)
Deferred revenue	(6,535)	33,099	4,420
Accrued expenses and other liabilities	(17,574)	106,412	50,085
Customers’ refundable fees	(27,580)	19,161	(10,502)
Income tax payable	(3,437)	29,346	15,064
Amounts due to a related party		(657)	120
Other non-current liabilities	127	(51)	(95)
Net cash generated from (used in) operating activities	131,240	(165,310)	214,459
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of fixed-rate time deposits	(73,804)	(129,759)	(1,268,688)
Proceeds from maturity of fixed-rate time deposits	89,952	507,007	822,804
Proceeds from disposal of an available-for-sale security	13,074
Acquisition of property and equipment	(24,576)	(45,151)	(7,976)
Payment for business acquisitions			(9,806)
Purchase of land use right		(54)
Acquisition of long-term investments	(4,902)	(127,388)	(119,312)
Proceeds from disposal of property and equipment	924	635	96
Deposits for non-current assets	(128,614)	(146,728)	(48,249)
Net cash (used in) generated from investing activities	(127,946)	58,562	(631,131)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of Class A ordinary shares		346,775
Proceeds from exercise of share options	1,664	8,416	12,485
Proceeds from issuance of shares by a PRC Domestic Entity’s subsidiary	0	718	80
Proceeds from short-term loans	296,558	72,750
Proceeds from long-term loans	67,721
Repayment of short-term loans	(182,362)	(153,500)	(90,000)
Proceeds from issuances of convertible senior notes		300,000	50,000
Redemption of convertible senior notes	(394,300)
Repurchase of ordinary shares	(136,615)
Payment of issuance costs for convertible senior notes			(1,144)
Payment of loan origination costs		(15)	(781)
Payment of dividends		(82,751)	(82,380)
Changes in restricted cash	(118,281)	95,078	303,805
Net cash generated from financing activities	(465,615)	587,471	192,065
Exchange rate effect on cash and cash equivalents	(19,072)	(17,562)	(1,643)
Net (decrease) increase in cash and cash equivalents	(481,393)	463,161	(226,250)
Cash and cash equivalents at beginning of year	817,921	354,760	581,010
Cash and cash equivalents at end of year	336,528	817,921	354,760
Supplemental schedule of cash flow information:
Income tax paid	6,664	6,674	12,198
Interest paid	19,418	13,245	16,069
Acquisition of property and equipment through utilization of deposits	$ 14,345	$ 90,713

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands

Total

Common Class A [Member]

Common Class B [Member]

Ordinary Shares [Member]

Common Class A [Member]

Ordinary Shares [Member]

Common Class B [Member]

Additional Paid-in Capital [Member]

Treasury Stock [Member]

Foreign currency translation adjustments [Member]

Unrealized gain on available-for- sale securities [Member]

Intra-entity foreign currency transaction loss [Member]

Parent [Member]

Retained Earnings [Member]

Noncontrolling Interests [Member]

Beginning Balance at Dec. 31, 2013

$ 443,467

$ 10,500

$ 89,071

$ 43,381

$ 300,515

Beginning Balance (in shares) at Dec. 31, 2013

57,440,895

24,336,650

Net loss for the year

253,217

$ 264,249

$ 75,224

253,217

Other comprehensive income:

Foreign currency translation adjustments

(4,323)

Unrealized loss on available-for-sale securities

10,508

Foreign currency transaction losses

(4,323)

Amounts reclassified from accumulated other comprehensive income

Contribution by noncontrolling interests

Contribution from shareholder

174

Share-based compensation

4,682

Exercise of share options

7,264

119

7,145

Exercise of share options (in shares)

924,029

Dividends declared

(82,380)

(58,043)

(24,337)

(82,380)

Ending Balance at Dec. 31, 2014

632,689

10,619

101,072

39,058

10,508

49,566

471,352

Ending Balance (in shares) at Dec. 31, 2014

58,364,924

24,336,650

Net loss for the year

(15,133)

(15,096)

(4,313)

(15,096)

(37)

Other comprehensive income:

Foreign currency translation adjustments

(55,928)

Unrealized loss on available-for-sale securities

(4,002)

Foreign currency transaction losses

(55,928)

Amounts reclassified from accumulated other comprehensive income

Contribution by noncontrolling interests

718

Contribution from shareholder

169

Issuance of ordinary shares

346,775

1,548

345,227

Issuance of ordinary shares (in shares)

11,855,384

Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature

12,113

Share-based compensation

4,497

Exercise of share options

5,938

5,871

Exercise of share options (in shares)

516,371

Excess tax benefits

9,442

Dividends declared

(82,751)

(58,414)

(24,337)

(82,751)

Ending Balance at Dec. 31, 2015

854,527

12,234

478,391

(16,870)

6,506

(10,364)

373,505

761

Ending Balance (in shares) at Dec. 31, 2015

70,736,679

24,336,650

Net loss for the year

(169,635)

$ (125,531)

$ (44,104)

(169,635)

Other comprehensive income:

Foreign currency translation adjustments

(60,732)

(607,328)

Unrealized loss on available-for-sale securities

7,326

Foreign currency transaction losses

(60,732)

(6,996)

Amounts reclassified from accumulated other comprehensive income

10,583

(10,583)

Contribution by noncontrolling interests

(66)

Contribution from shareholder

154

Repurchase of treasury stock

(136,615)

$ (136,615)

Repurchase of treasury stock (in shares)

(7,065,058)

7,065,058

Share-based compensation

6,552

Exercise of share options

$ 3,423

3,376

Exercise of share options (in shares)

363,417

^[1]

341,137

Excess tax benefits

$ 470

470

Ending Balance at Dec. 31, 2016

$ 487,825

$ 12,281

$ 488,943

$ (136,615)

$ (77,602)

$ 3,249

$ (6,996)

$ (81,349)

$ 203,870

$ 695

Ending Balance (in shares) at Dec. 31, 2016

64,012,758

24,336,650

[1]	Included both Class A and Class B ordinary shares.

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Dividends declared	$ 82,751	$ 82,380
Common Class A [Member]
Dividends declared, per share	$ 1.00	$ 1.00
Dividends declared	$ 58,414	$ 58,043
Common Class B [Member]
Dividends declared, per share	$ 1.00	$ 1.00
Dividends declared	$ 24,337	$ 24,337

ORGANIZATION AND BASIS OF PRESENTATION

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND BASIS OF PRESENTATION

The Company was incorporated on June 18, 1999 as Fly High Holdings Limited under the laws of the British Virgin Islands (“BVI”). In June 2004, the Company changed its name to SouFun Holdings Limited and its corporate domicile to the Cayman Islands and became a Cayman Islands company with limited liability under the Companies Law of the Cayman Islands. In 2016, the Company changed its name to Fang Holdings Limited (formerly known as SouFun Holdings Limited). The accompanying consolidated financial statements include the financial statements of (i) Fang Holdings Limited (the “Company”), (ii) its subsidiaries located outside of the People’s Republic of China (the “PRC”) (the “non-PRC subsidiaries”), (iii) wholly foreign owned entities in the PRC (the “WOFEs”) and their subsidiaries, (iv) entities controlled through contractual arrangements (the “PRC Domestic Entities”) and (v) the PRC Domestic Entities’ subsidiaries. The Company, and where appropriate, the term “Company” also refers to its non-PRC subsidiaries, WOFEs, PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries as a whole.

The Company is principally engaged in the provision of E-commerce services, marketing services, listing services, financial services and other value-added services to the real estate and home furnishing industries in the PRC. Details of the Company’s major subsidiaries, PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries as of December 31, 2016 were as follows:

Company	Date of Establishment	Place of Establishment	Percentage of Ownership by the Company			Principal Activities

Beijing SouFun Internet Information Service Co., Ltd. ("Beijing Internet")	December 17, 2003	PRC		Nil		Provision of marketing services and listing services

SouFun Media Technology (Beijing) Co., Ltd. ("SouFun Media")	November 28, 2002	PRC		100	%	Provision of technology and information consultancy services

Beijing SouFun Network Technology Co., Ltd. ("SouFun Network")	March 16, 2006	PRC		100	%	Provision of technology and information consultancy services

Beijing SouFun Science and Technology Development Co., Ltd. ("Beijing Technology")	March 14, 2006	PRC		Nil		Provision of marketing services and listing services

Beijing Century Jia Tian Xia Technology Development Co., Ltd. ("Beijing JTX Technology")	December 21, 2006	PRC		Nil		Provision of marketing services and listing services

Beijing Zhong Zhi Shi Zheng Information Technology Co. Ltd., ("Beijing Zhongzhi")	June 5, 2007	PRC		100	%	Provision of technology and information consultancy services

Beijing Hong An Tu Sheng Network Technology Co., Ltd. ("Beijing Hong An")	January 1, 2011	PRC		100	%	Provision of technology and information consultancy services

Beijing Tuo Shi Huan Yu Network Technology Co., Ltd. ("Beijing TuoShi")	March 1, 2011	PRC		100	%	Provision of technology and information consultancy services

Beijing Yi Ran Ju Ke Technology Development Co., Ltd. ("Beijing Yi Ran Ju Ke")	September 10, 2011	PRC		Nil		Provision of marketing services, rental services and real estate agency services

Beijing Hua Ju Tian Xia Network Technology Co., Ltd. ("Beijing Hua Ju Tian Xia")**	July 25, 2012	PRC		Nil		Provision of technology and information consultancy services

Company	Date of Establishment	Place of Establishment	Percentage of Ownership by the Company			Principal Activities

Beijing Li Man Wan Jia Network Technology Co., Ltd. ("Beijing Li Man Wan Jia")	July 25, 2012	PRC		100	%	Provision of technology and information consultancy services

Shanghai Jia Biao Tang Real Estate Broking Co., Ltd. ("Shanghai JBT Real Estate Broking")	July 7, 2005	PRC		Nil		Provision of real estate agency services, marketing services and listing services

Beijing Zhong Zhi Xun Bo Information Technology Co. Ltd., ("Zhongzhi Xun Bo")	January 6, 2012	PRC		100	%	Provision of technology and information consultancy services

Tianjin SouFun Network Technology Co., Ltd.("Tianjin SouFun Network")	March 1, 2012	PRC		100	%	Provision of technology and information consultancy services

Hangzhou SouFun Network Technology Co., Ltd., ("Hangzhou SouFun Network")	August 27, 2013	PRC		100	%	Provision of technology and information consultancy services

Wuhan SouFun Yi Ran Ju Ke Real Estate Agents Co., Ltd. ("Wuhan Yi Ran Ju Ke")	December 13, 2013	PRC		Nil		Provision of real estate agency services and real estate information services

Hanzhou Ji Ju Real Estate Agents Co., Ltd. ("Hanzhou Ji Ju")	December 23, 2013	PRC		Nil		Provision of real estate agency services and real estate information services

Beijing Tianxia Dai Information service Co., Ltd.("Tianxia Dai Information")	April 9, 2014	PRC		100	%	Provision of finance information services

Shanghai SouFun Microfinance Co.,Ltd.("Shanghai SouFun Microfinance")	January 19, 2015	PRC		100	%	Provision of Microfinance services

Beihai Tian Xia Dai Microfinance Co., Ltd.("Beihai Tian Xia Dai Microfinance")	September 12, 2014	PRC		100	%	Provision of microfinance services

Shanghai BaoAn Enterprise Co., Ltd. (“Shanghai BaoAn Enterprise”)	March 31, 2013	PRC		100	%	Lease, resale and management of property

Shanghai BaoAn Hotel Co., Ltd. (“Shanghai BaoAn Hotel”)	March 31, 2013	PRC		100	%	Operation and management of hotel, restaurant and other catering business

Company	Date of Establishment	Place of Establishment	Percentage of Ownership by the Company			Principal Activities

Beijing Fang Tian Xia Decorative Engineering Co., Ltd.("Beijing Fang Tian Xia Decorative Engineering")	October 15, 2014	PRC		100	%	Provision of decorative engineering services

Chongqing Tian Xia Dai Microfinance Co., Ltd ("Chongqing Tian Xia Dai Microfinance")	December 11, 2014	PRC		100	%	Provision of microfinance services

Tianjin Jia Tian Xia Microfinance Co. ,Ltd. ("Tianjin Jia Tian Xia Microfinance")	December 5, 2014	PRC		100	%	Provision of microfinance services

Beijing Fang Chao Real Estate Broking Co., Ltd.	March 6, 2015	PRC		Nil		Provision of real estate agency services

Guangzhou Fang Tian Xia Real Estate Broking Co., Ltd.	March 9, 2015	PRC		100	%	Provision of real estate agency services

Beijing Cun Fang Real Estate Broking Co., Ltd.	April 7, 2015	PRC		100	%	Provision of real estate agency services

Shenzhen Fang Tian Xia Broking Co., Ltd.	April 13, 2015	PRC		Nil		Provision of real estate agency services

Tianjin Fang Tian Xia Real Estate Broking Co., Ltd.	May 21, 2015	PRC		100	%	Provision of real estate agency services

Suzhou Cun Fang Real Estate Broking Co., Ltd.	May 21, 2015	PRC		100	%	Provision of real estate agency services

Nanjing Cun Fang Real Estate Broking Co., Ltd.	April 30, 2015	PRC		100	%	Provision of real estate agency services

Chengdu SouFun Fang Tian Xia Real Estate Broking Co., Ltd.	March 12, 2015	PRC		100	%	Provision of real estate agency services

Company	Date of Establishment	Place of Establishment	Percentage of Ownership by the Company			Principal Activities

Nanchang Cun Fang Real Estate Broking Co., Ltd.	June 3, 2015	PRC		Nil		Provision of real estate agency services

Chongqing Fang Tian Xia Real Estate Broking Co., Ltd.	May 27, 2015	PRC		100	%	Provision of real estate agency services

Wuhan SouFun Fang Tian Xia Real Estate Broking Co., Ltd.	May 8, 2015	PRC		100	%	Provision of real estate agency services

Shanghai SouFun Fang Tian Xia Broking Co., Ltd.	April 16, 2015	PRC		Nil		Provision of real estate agency services

Shenzhen Yi Ran Ju Ke Real Estate Broking Co., Ltd.	August 13, 2015	PRC		Nil		Provision of real estate agency services

Hangzhou Nuo Guan Real Estate Broking Co., Ltd.	September 17, 2015	PRC		Nil		Provision of real estate agency services

Beijing Li Tian Rong Ze Yi Jia Technology Development Co., Ltd.	September 16, 2015	PRC		Nil		Provision of technology and information consultancy services

Fang Holdings Limited	August 7, 2000	Hong Kong		100	%	Investment holding

Hong Kong Property Network Limited ("HK Property")	May 19, 2011	Hong Kong		100	%	Investment holding

Best Work Holdings (New York) LLC ("Best Work")	March 14, 2011	United States of America		100	%	Investment holding

Historically, in order to comply with PRC laws and regulations which restrict foreign control of companies involved in internet content provision (“ICP”) and advertising businesses, the Company operates its websites and provides online marketing advertising services in the PRC through its PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries.

The equity interests of the PRC Domestic Entities are legally held directly by Vincent Tianquan Mo, executive chairman of the board of directors and chief executive officer, and Richard Jiangong Dai, a director of the board who resigned from the board effective February 25, 2016. The effective control of the PRC Domestic Entities is held by the Company through six of its WOFEs, namely, SouFun Network, SouFun Media, Beijing Tuoshi, Beijing Hong An, Beijing Zhong Zhi and Jia Tian Xia Network Technology as a result of a series of contractual arrangements and their supplementary agreements signed with each of the PRC Domestic Entities which arrangements and agreements contain similar provisions regarding obligations and rights of the Company and the PRC Domestic Entities (hereinafter, together the “Contractual Agreements”). As a result of the Contractual Agreements, the Company maintains the ability to approve decisions made by the PRC Domestic Entities, is entitled to substantially all of the economic benefits from the PRC Domestic Entities and is obligated to absorb all of the PRC Domestic Entities’ expected losses.

Therefore, the Company consolidates the PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries in accordance with the United States of America Securities and Exchange Commission (“SEC”) Regulation S-X Rule 3A-02 and Accounting Standards Codification (“ASC”) 810, “Consolidation” (“ASC 810”).

The following is a summary of the Contractual Agreements:

Exclusive Technical Consultancy and Service Agreements

The WOFEs provide the following exclusive technical services to the PRC Domestic Entities: (i) access to information assembled by the WOFEs concerning the real estate industry and companies in this sector to enable the PRC Domestic Entities to target potential customers and provide research services; and (ii) technical information technology system support to enable the PRC Domestic Entities to service the needs of its customers. The agreements are effective for 10 years and can be extended indefinitely at the sole discretion of the WOFEs.

Operating Agreements

Pursuant to the operating agreements, each PRC Domestic Entity and its legal shareholders have agreed not to enter into any transaction that would substantially affect the assets, rights, obligations or operations of the PRC Domestic Entity without prior written consent from the WOFEs. In addition, the PRC Domestic Entities will appoint or remove their directors and executive officers based on instruction from the WOFEs. The agreements are effective for 10 years and can be extended indefinitely at the sole discretion of the WOFEs.

Equity Pledge Agreements, Shareholders Proxy Agreements and Exclusive Call Option Agreements

In order to secure the payment obligations of each PRC Domestic Entity under the exclusive technical consultancy and service agreements, the legal shareholders have pledged their entire respective ownership interests in each Domestic PRC Entity to the WOFEs. The legal shareholders shall not transfer the pledged ownership interests without the prior written consent from the WOFEs. The WOFEs are entitled to dividends and funds obtained through conversion, auction or sale of the ownership interests that the legal shareholders pledged to the WOFEs. The agreements are effective for 10 years and can be extended at the sole discretion of the WOFEs.

The legal shareholders irrevocably appoint the WOFEs to act as proxy for the legal shareholders to exercise their respective rights as shareholders of the PRC Domestic Entities to attend shareholders' meetings and cast votes. The agreements will remain valid until terminated upon written consent by the WOFEs, the PRC Domestic Entities and their legal shareholders or by their successors.

The Company or any third party designated by the Company has the exclusive right to acquire from the legal shareholders the whole or part of the respective equity interests in each PRC Domestic Entity at a price equivalent to the historical cost when permitted by applicable PRC laws and regulations. The legal shareholders shall not sell, transfer or dispose of the equity interests in the PRC Domestic Entities without the prior written consent of the Company or any third party designated by the Company. The proceeds from the exercise of the call option will be applied to repay the loans under the loan agreements. The Company does not have to make any additional payment to the legal shareholders. The PRC Domestic Entities will not distribute any dividend without the prior written consent from the WOFEs. The agreements have a term of 10 years and can be extended indefinitely at the sole discretion of the Company.

Loan Agreements

The WOFEs provided loans to the legal shareholders to enable them to contribute the registered capital of the PRC Domestic Entities. Under the terms of the loan agreements, the legal shareholders will repay the loans by transferring their legal ownership in the PRC Domestic Entities to the WOFEs when permitted by applicable PRC laws and regulations. Any gains from the transfer shall be paid back to the WOFEs or any third party designated by the WOFEs. The repayment term of the loans was not stated in the agreements. The legal shareholders are liable to repay their respective portions of the loans by transferring their entire respective equity interests in the PRC Domestic Entities upon the written request of the WOFEs when such legal shareholders terminate their employment with the WOFEs.

Supplementary Agreements

In addition to the above contractual agreements, the Company, the WOFEs, the PRC Domestic Entities and their legal shareholders entered into supplementary agreements in March 2010 to memorialize certain terms previously agreed amongst the Company, the WOFEs, the PRC Domestic Entities and their legal shareholders. While these supplementary agreements were signed in 2010, the terms, intent and substance of all the agreements above remained unchanged. Pursuant to the supplementary agreements:

⋅

the WOFEs have unilateral discretion in setting the technical service fees charged to the PRC Domestic Entities;

⋅

the WOFEs are obligated to provide financial support to the PRC Domestic Entities in the event the PRC Domestic Entities incur losses;

⋅

the annual budget of the PRC Domestic Entities should be assessed and approved by the WOFEs;

⋅

the legal shareholders agree to remit any profits distributed from the PRC Domestic Entities to the Company upon request by the Company; and

⋅

the PRC Domestic Entities are obligated to transfer their entire retained earnings, after deduction of PRC income tax, to the WOFEs in the form of a donation upon the WOFEs’ request.

All of these provisions have been incorporated into the Contractual Agreements signed subsequent to March 2010.

Furthermore, the WOFEs and the PRC Domestic Entities entered into supplementary agreements in March 2013 to memorialize the following terms previously agreed between the WOFEs and the PRC Domestic Entities when the Exclusive Call Option Agreements were entered into:

⋅

the legal shareholders agreed to remit the purchase consideration received from the exercise of the exclusive right to acquire the equity interests in the PRC Domestic Entities to the WOFEs or any entity designated by the WOFEs.

This provision has been incorporated into the Contractual Agreements signed subsequent to March 2013.

Through the design of the aforementioned agreements, the legal shareholders of the PRC Domestic Entities effectively assigned their full voting rights to the WOFEs, which give the WOFEs the power to direct the activities that most significantly impact the PRC Domestic Entities’ economic performance. The WOFEs obtained the ability to approve decisions made by the PRC Domestic Entities and the ability to acquire the equity interests in the PRC Domestic Entities when permitted by PRC law. The WOFEs are obligated to absorb a majority of the expected losses from the PRC Domestic Entities’ activities through providing unlimited financial support to the PRC Domestic Entities and are entitled to receive a majority of profits from the PRC Domestic Entities through the exclusive technical consultancy and service fees. As a result, the Company has determined that the WOFEs are the primary beneficiaries of the PRC Domestic Entities. Accordingly, in accordance with SEC Regulation S-X Rule 3A-02 and ASC 810, the Company, through the WOFEs, has consolidated the operating results of the PRC Domestic Entities in the Company’s financial statements. Business taxes (“BT”) and value added taxes (“VAT”) relating to service fees charged by the WOFEs are recorded as cost of services.

The carrying amounts of the assets, liabilities, the results of operations and cash flows of the PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries included in the Company’s consolidated balance sheets, statements of comprehensive income (loss) and statements of cash flows were as follows:

	As of December 31,
	2015		2016
		US$		US$
ASSETS
Current assets:
Cash and cash equivalents		51,164		18,352
Restricted cash, current		103,179		209,642
Short-term investments		2,002		2,595
Accounts receivable (net of allowance of US$12,622 and US$19,013 as of December 31, 2015 and 2016, respectively)		68,654		74,624
Funds receivable		383		886
Commitment deposits		10,246		6,527
Prepayments and other current assets		151,654		16,290

Total current assets		387,282		328,916

Non-current assets:
Property and equipment, net		21,642		34,452
Long-term investments		256,837		216,913
Deferred tax assets, non-current		-		270
Deposit for non-current assets		594		224,529
Other non-current assets		4,559		633

Total non-current assets		283,632		476,796

Total assets		670,914		805,712

	As of December 31,
	2015		2016
		US$		US$
Current liabilities:
Short-term loans		-		22,734
Deferred revenue		46,455		21,744
Accrued expenses and other liabilities		109,727		106,459
Customer’s refundable fees		36,245		18,295
Income tax payable		1,872		199
Intercompany payable to the non PRC Domestic Entities		293,697		356,423

Total current liabilities		487,996		525,854

Non-current liabilities:
Long-term loans		-		65,190

Total non-current liabilities		-		65,190

Total liabilities		487,996		591,044

Net assets		182,918		214,668

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$
Total revenues		107,950		315,797		287,475
Net income (loss)		25,464		(41,831)		(24,135)

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$
Net cash generated from (used in) operating activities		113,176		(61,480)		(790)
Net cash (used in) generated from investing activities		(113,148)		(8,913)		(3,763)
Net cash (used in) generated from financing activities		(106,688)		95,078		(25,963)

The PRC Domestic Entities had no intercompany amounts payable to the WOFEs for accrued service fees as of December 31, 2015 and 2016. The WOFEs did not charge the PRC Domestic Entities, technology consultancy service fees during the years ended December 31, 2014, 2015 and 2016.

As of December 31, 2016, except for the current restricted cash of US$209,642 and deposit for non-current assets of US$224,506 pledged to secure bank borrowings of the Company (Note 11), there was no other pledge or collateralization of the assets of the PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries.

Creditors of the PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries have no recourse to the general credit of their respective primary beneficiary. The amounts of liabilities of the PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries have been parenthetically presented on the consolidated balance sheets. The PRC Domestic Entities held certain registered copyrights, trademarks and registered domain names, which are used for the Company’s business operations. All of these revenue-producing assets were internally developed, for which the Company did not incur significant development costs. There were no assets of the PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries that can only be used to settle their own obligations. The WOFEs have not provided any financial support that they were not previously contractually required to provide to the PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries during the years presented.

Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with the United States generally accepted accounting principles (“U.S. GAAP”).

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the balance sheet dates and the reported amounts of revenues and expenses during the reporting periods. Significant estimates and assumptions reflected in the Company’s financial statements include, but are not limited to, best estimate of selling price (“BESP”), customer refunds, allowance for doubtful accounts, allowance for credit losses, useful lives of property and equipment, realization of deferred tax assets, impairment of long-lived assets, share-based compensation expense, uncertain income tax positions, fair value of the embedded derivatives in the convertible senior notes issued and purchase price allocation. Changes in facts and circumstances may result in revised estimates. Actual results could materially differ from those estimates.

Principles of Consolidation

The consolidated financial statements include the financial statements of the Company, its non-PRC subsidiaries, WOFEs, the PRC Domestic Entities in which the Company, through its WOFEs, has a controlling financial interest, and the PRC Domestic Entities’ subsidiaries. The Company has determined that it has a controlling financial interest, even though it does not hold a majority of the voting equity interest in an entity, because the Company has the ability to control the PRC Domestic Entities through the WOFEs’ rights to all the residual benefits of the PRC Domestic Entities and the WOFEs’ obligation to fund losses of the PRC Domestic Entities. As a result, the PRC Domestic Entities are included in the consolidated financial statements. All significant intercompany balances and transactions between the Company, its subsidiaries, the PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries have been eliminated in consolidation.

Foreign Currency Translation and Transactions

The functional currency of the Company and its non-PRC subsidiaries is the United States dollars (“US$”). The WOFEs, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries determine their functional currency to be the Chinese Renminbi (“RMB”) based on the criteria of ASC 830, “Foreign Currency Matters”. The Company uses US$ as its reporting currency. The Company uses the monthly average exchange rate for the year and the exchange rate at the balance sheet date to translate the operating results and financial position, respectively. Translation differences are recorded in accumulated other comprehensive income (loss), a component of shareholders’ equity.

Transactions denominated in foreign currencies are remeasured into the functional currency at the exchange rates prevailing on the transaction dates. Foreign currency denominated financial assets and liabilities are remeasured at the exchange rates prevailing at the balance sheet date. Exchange gains and losses are included in the consolidated statements of comprehensive income (loss).

The assets and liabilities of the Company’s PRC subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries are translated into US$ at the exchange rates prevailing at the balance sheet date. The consolidated statements of comprehensive income (loss) of these entities are translated into US$ at the weighted average exchange rates for the year. The resulting translation gains (losses) are recorded in accumulated other comprehensive income (loss) as a component of shareholders’ equity.

For the purpose of the consolidated statements of cash flows, cash flows of the Company’s PRC subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries are translated into US$ at the exchange rates prevailing on the dates of the cash flows. Frequently recurring cash flows of these entities which arise throughout the year are translated into US$ at the weighted average exchange rates for the year.

Transaction gains and losses are recognized in the consolidated statements of operations. Gains and losses on intra-entity foreign currency transactions that are of a long-term-investment nature (that is, settlement is not planned or anticipated in the foreseeable future) between consolidated entities are not recognized in earnings, but are included as a component of other comprehensive income.

Cash and Cash Equivalents

Cash and cash equivalents represent cash on hand and demand deposits placed with banks or other financial institutions with original maturity of 90 days or less at the date of purchase which are unrestricted as to withdrawal and use. In addition, all highly liquid investments with original stated maturity of 90 days or less are classified as cash equivalents.

Restricted Cash

Restricted cash represents cash pledged to financial institutions as collateral for the Company’s bank loans. The restricted cash is not available for withdrawal or the Company’s general use until after the corresponding bank loans are repaid.

Investments

All highly liquid investments with original maturities of greater than 90 days but less than 365 days are classified as short-term investments which are stated at their approximate fair value.

The Company accounts for its investments in accordance with ASC 320, “Investments-Debt and Equity Securities” (“ASC 320”). The Company classifies the investments in debt and equity securities as “held-to-maturity”, “trading” or “available-for-sale”, whose classification determines the respective accounting methods stipulated by ASC 320. Dividend and interest income, including amortization of the premium and discount arising at acquisition, for all categories of investments in securities are included in earnings. Any realized gains or losses on the sale of the investments are determined on a specific identification method, and such gains and losses are reflected in the consolidated statements of comprehensive income (loss).

The securities that the Company has positive intent and ability to hold to maturity are classified as held-to-maturity securities and stated at amortized cost. For individual securities classified as held-to-maturity securities, the Company evaluates whether a decline in fair value below the amortized cost basis is other-than-temporary in accordance with the Company’s policy and ASC 320. If the Company concludes that it does not intend or is not required to sell an impaired debt security before the recovery of its amortized cost basis, the impairment is considered temporary and the held-to-maturity securities continue to be recognized at the amortized costs. When the Company intends to sell an impaired debt security or it is more likely than not that it will be required to sell prior to recovery of its amortized cost basis, an other-than-temporary impairment is deemed to have occurred. In these instances, the other-than-temporary impairment loss is recognized in the consolidated statements of comprehensive income (loss) equal to the entire excess of the debt security’s amortized cost basis over its fair value at the balance sheet date of the reporting period for which the assessment is made.

The securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities. Unrealized holding gains and losses for trading securities are included in earnings.

Investments not classified as trading or as held-to-maturity are classified as available-for-sale securities. Available-for-sale securities are reported at fair value, with unrealized gains and losses recorded in accumulated other comprehensive income (loss) in shareholders’ equity. Realized gains or losses are charged to earnings during the period in which the gain or loss is realized. An impairment loss on the available-for-sale securities are recognized in the consolidated statements of comprehensive income (loss) when the decline in value is determined to be other-than-temporary. An impairment loss of US$8,417, nil and US$2,232 was recognized for the years ended December 31, 2014, 2015 and 2016, respectively.

In accordance with ASC 325 “Investments-Other”, for investments in an investee over which the Company does not have significant influence and which do not have readily determinable fair value, the Company carries the investment at cost and only adjusts for other-than-temporary declines in fair value and distributions of earnings that exceed the Company’s share of earnings since its investment. Management regularly evaluates the impairment of the cost method investments based on performance and financial position of the investee as well as other evidence of market value. Such evaluation includes, but is not limited to, reviewing the investee’s cash position, recent financing, projected and historical financial performance, cash flow forecasts and financing needs. An impairment loss is recognized in earnings equal to the excess of the investment’s cost over its fair value at the balance sheet date of the reporting period for which the assessment is made. The fair value would then become the new cost basis of investment. No impairment loss was recognized for the year ended December 31, 2016.

Accounts Receivable and Allowance for Doubtful Accounts

The Company considers many factors in assessing the collectability of its receivables, such as the age of the amounts due, the customer’s payment history and credit-worthiness. An allowance for doubtful accounts is recorded in the period in which a loss is determined to be probable. Accounts receivable balances are written off after all collection efforts have been exhausted.

Funds Receivable

Funds receivable represents cash paid by individuals through third-party payment service providers for clearing transactions. The Company carefully considers and monitors the credit worthiness of the third-party payment service providers used.

An allowance for doubtful accounts is recorded in the period in which a loss is determined to be probable. Funds receivable balances are written off after all collection efforts have been exhausted. Nil and US$2,322 allowance for doubtful accounts was provided for the funds receivable as of December 31, 2015 and 2016.

Commitment deposits

Commitment deposits represent cash paid to real estate developers for the right to provide sales agency services for their real estate projects. The commitment deposits are refundable at specified dates and are classified accordingly.

In accordance with relevant contract terms, in the event of default, the Company is normally entitled to collateral or other forms of security from the real estate developers, which it can then resell to recover its original commitment deposit. The Company’s recovery of its original commitment deposit is dependent on market conditions. As of December 31, 2015 and 2016, commitment deposits of US$10,219 and US$5,860 were in default.

The Company considers many factors in assessing the collectability of commitment deposits, such as the age of the amounts due, the market value of collaterals, as well as the real estate developer’s payment history and credit-worthiness. An allowance for doubtful accounts is recorded in the period in which a loss is determined to be probable. Commitment deposits are written off after all collection efforts have been exhausted. The company has obtained collaterals of US$5,611 and US$5,252 from real estate developers as of December 31, 2015 and 2016. Allowance for doubtful accounts of US$500 and nil was provided for commitment deposits as of December 31, 2015 and 2016.

Loans receivable

Loans receivable consists primarily of secured loans in the form of entrusted loans, mortgage loans and unsecured loans to borrowers that have passed the Company’s credit assessment. Such amounts are recorded at the principal amount less impairment as of the balance sheet date. The loan periods extended by the Company to the borrowers generally range from one to thirty-six months.

An allowance for credit loss is recorded when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. The Company assesses the allowance for credit loss related to loans receivable on a quarterly basis, either on an individual or collective basis. The Company considers various factors in evaluating loans receivable for possible impairment on an individual basis.These factors include the amount of the loan, historical experience, value of collateral, if any, credit quality and age of the receivables balances. Impairment is measured on an individual loan basis using either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is secured. The Company evaluates the remainder of its loans receivables portfolio for impairment on a collective basis in accordance with ASC 450-20, Loss Contingencies and records an allowance for credit loss at the portfolio segment level.

Loan principal and interest receivables are charged-off when the loan principal and interest receivables are deemed to be uncollectible. In general, loan principal and interest receivables are identified as uncollectible if any of the following conditions are met : 1) the borrower is dead, missing or incapacitate and there is no legal heir and presentee or the legal heir and presentee refuse to abide the contract; 2) identification of fraud, and the fraud is officially reported to and filed with relevant law enforcement departments; 3) outstanding amount following 180 days past due after all collection efforts based on management’s judgment.

Commencing in August 2014, the Company began to enter into arrangements with third-party investors under which the Company sells its economic benefits in certain mortgage and unsecured loans receivable in exchange for cash, which is equivalent to the book value of such loans receivable. Sales of mortgage and unsecured loans receivable to investors are accounted for in accordance with ASC 860 “Transfers and Servicing” (“ASC 860”). The Company does not recognize any gain or loss from the sale of mortgage and unsecured loans receivable. The Company derecognizes the mortgage and unsecured loans receivable if (i) the mortgage and unsecured loans have been legally isolated from the Company; (ii) there are no constraints on investors to pledge or exchange the mortgage and unsecured loans; and (iii) the Company does not maintain effective control over the mortgage and unsecured loans. From June 2016, the Company stopped entering into these arrangements with third-party investors. The derecognized amount of loans receivable in which the Company retains continuing involvement as of December 31, 2015 and 2016 were US$37.87 million and nil.

Property and Equipment, Net

Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, as follows:

Category		Estimated Useful Life

Office equipment		5 years
Motor vehicles		5 years
Leasehold improvement		shorter of lease term or economic lives
Buildings		12 -38 years

Land is stated at cost and is not depreciated.

Construction in progress represents buildings and related premises under construction, which is stated at actual construction cost less any impairment loss. Construction in progress is transferred to the respective category of property and equipment when completed and ready for its intended use.

Repair and maintenance costs are charged to expense as incurred, whereas the cost of renewals and betterments that extend the useful lives of property and equipment are capitalized as additions to the related assets. Retirements, sales and disposals of assets are recorded by removing the cost and accumulated depreciation from the asset and accumulated depreciation accounts, respectively, with any resulting gain or loss reflected in the consolidated statements of comprehensive income (loss).

Impairment of Long-Lived Assets

The Company evaluates its long-lived assets or asset Company with finite lives for impairment whenever events or changes in circumstances, such as a significant adverse change to market conditions that will impact the future use of the assets, indicate that the carrying amount of an asset Company may not be fully recoverable. When these events occur, the Company evaluates the impairment by comparing the carrying amount of the assets to future undiscounted cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flows is less than the carrying amount of the assets, the Company recognizes an impairment loss based on the excess of the carrying amount of the asset group over its fair value, but not below the fair values of the individual long-lived assets within the asset group. No impairment charge was recognized for any of the years presented. Asset groups to be disposed of would be reported at the lower of the carrying amount or fair value less costs to sell, and no longer depreciated. The assets and liabilities of a disposal group classified as held for sale would be presented separately in the appropriate asset and liability sections of the consolidated balance sheets.

Fair Value of Financial Instruments

Financial instruments of the Company primarily include cash and cash equivalents, restricted cash, accounts receivable, commitment deposits, funds receivable, investments including cost method investments, fixed-rate time deposits, available-for-sale securities, loans receivable, short-term loans, long-term loans, loans receivable, non-current, convertible senior notes (Note 14) and related derivative liabilities. As of December 31, 2015 and 2016, the carrying values of these financial instruments, other than the cost method investment, available-for-sale securities, long-term loans, convertible senior notes and related derivative liabilities, approximated their fair values due to the short-term maturity of these instruments. The available-for-sale securities were recorded at fair value based on the quoted price in active markets as of December 31, 2015 and 2016. The carrying values of the long-term loans approximate their fair values, as the loans bear interest at rates determined based on the prevailing interest rates in the market. The convertible senior notes were recognized based on residual proceeds after allocation to the derivative liabilities at fair market value. The estimated fair values of the convertible senior notes based on a market approach were approximately US$697,104 and US$225,186 as of December 31, 2015 and 2016, respectively, and represents a Level 3 valuation in accordance with ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”). When determining the estimated fair value of the convertible senior notes, the Company used a commonly accepted valuation methodology and market-based risk measurements that are indirectly observable, such as credit risk. The fair value of the bifurcated derivative liabilities was insignificant for the years ended December 31, 2014, 2015 and 2016. The Company determined that it was not practicable to estimate the fair value of its cost method investments as of December 31, 2015 and 2016 and measures the cost method investment at fair value on a nonrecurring basis only if an impairment charge were to be recognized.

The Company applies ASC 820 in measuring fair value. ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements.

ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

Level 1- Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2- Include other inputs that are directly or indirectly observable in the marketplace.

Level 3- Unobservable inputs which are supported by little or no market activity.

ASC 820 describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset.

The Company measures its available-for-sale securities at fair value using quoted prices from the active markets.

Assets measured at fair value on a recurring basis as of December 31, 2015 and 2016 are summarized below.

Fair Value Measurement as of December 31, 2015

Quoted Prices

in Active

Significant

Markets for

Other

Identical

Observable

Unobservable

Fair Value at

Assets

Inputs

December 31,

(Level 1)

(Level 2)

(Level 3)

2015

US$

Available-for-sale securities

56,027

Fair Value Measurement as of December 31, 2016

Quoted Prices

in Active

Significant

Markets for

Other

Identical

Observable

Unobservable

Fair Value at

Assets

Inputs

December 31,

(Level 1)

(Level 2)

(Level 3)

2016

US$

Available-for-sale securities

51,639

Revenue Recognition

Revenues are derived from E-commerce services, marketing services, listing services, other value-added services and financial services. Revenues for each type of service sales are recognized only when the following criteria are met: (a) persuasive evidence of an arrangement exists; (b) price is fixed or determinable; (c) delivery of services has occurred; and (d) collectability is reasonably assured.

E-Commerce Services

E-commerce service revenues consist of revenues derived from:

(1) Fang membership services

The Company enters into arrangements with real-estate developers, pursuant to which the Company charges its customers RMB5,000 to RMB20,000 in order for them to purchase specified properties from the real estate developers at a discount significantly greater than the face value of the fees charged by the Company. The discount is either a fixed amount off or a fixed percentage to the price of the specified property. The fees paid by the customers to the Company are refundable before a purchase of the specified properties at a discount is made by the customers or if after the purchase, only if the customers can fulfil certain requirements under the refund policy. The Company chooses to analogize to rights of return guidance in ASC 605-15 when accounting for refundable fees as reliable estimates of refunds can be made based on company-specific historical evidence. Revenues are recognized by the Company when cash consideration of the fees is received and the discount has been applied by the customers to pay for the purchase price of the specified properties, net of estimated refunds. Cash received in advance of the purchase of specified properties and provision for refunds are recorded as “customers’ refundable fees” (Note 13). The provision of refunds was insignificant for the years ended December 31, 2014, 2015 and 2016.

Additionally, the Company, real-estate developers and marketing agencies entered into tri-party cooperation arrangements for certain Fang membership services. When customers use their Fang membership cards to purchase specified properties in selected advertisements published by the marketing agents, a portion of the proceeds from the Fang membership services is remitted to the marketing agents. The Company recognized revenues from this type of Fang membership services on a net basis, representing the portion of proceeds received from customers that is ultimately retained by the Company as it is an agent in the arrangement. Commencing in 2014, the Company also entered into cooperation arrangements directly with real-estate developers for Fang membership services. The Company either engages third-party real estate agents or places advertisements with marketing agents to promote the real-estate projects. The Company recognized revenues from this type of Fang membership services on a gross basis, representing the proceeds received from the real-estate developers, as the Company is the primary obligor in the arrangement. Payments to third-party real estate agents are recorded as cost of sales, while payments to marketing agents are recorded as selling expenses. The portion to be remitted to third-party real estate agents and marketing agents is recorded as amounts payable to sales and marketing agents in “accrued expenses and other liabilities” on the consolidated balance sheets (Note 12).

(2) Direct sales services

The Company promotes property developments of its developer clients primarily through its websites and mobile applications (“mobile apps”). Potential buyers can register with the Company free of charge if they are interested in any real estate properties covered by its direct sales services. After the registration, the Company provides the buyers with additional information about the properties and related services, such as tours to visit the property developments and other services to facilitate property purchases. By using the direct sales services, individual buyers can enjoy discounted prices for properties that the Company offers from its developer clients. The Company charges its developer clients a fee for each property it sold through its direct sales services at a predetermined percentage of the value of the individual transaction. Thereafter, the real estate developers can request for refund only if they can fulfil certain requirements under the refund policy. The Company chooses to analogize to rights of return guidance in ASC 605-15 when accounting for refundable fees as reliable estimates of refunds can be made based on company-specific historical evidence. Revenues are recognized by the Company based on total of successful purchase transactions made once confirmation of the sale is received from the developer clients. The provision of refunds was insignificant for the years ended December 31, 2014, 2015 and 2016.

(3) Sublease services

Beginning in 2015, the Company began to provide sublease service through its websites. The Company identifies suitable properties and initially enters into lease agreements with the property owners. The lease agreements allow the Company to sublease the properties. Regardless whether the leased property is subsequently sub-leased by the Company, the lease agreement between the Company and the property owner remains in effect, including the Company’s obligation to make fixed rental payments over the non-cancellable lease term. The property owner is not a party to, and therefore not entitled to, any rights or obligations under the sublease agreement. Sublease rental income is recorded as revenue from subleasing services and recognized on a gross basis as the Company is the principal to the sublease arrangements in accordance with ASC 605-45, Revenue Recognition – Principal Agent Considerations. The sublease income is recognized on a straight-line basis over the lease term.

Sublease rental income for the year ended December 31, 2015 and 2016 was US$ 18,241 and US$31,929, respectively. Future minimum sublease rental incomes expected to be received under noncancellable sublease agreements as of December 31, 2016 are as follows:

	US$

2017		34,454
2018		1,357
2019		199
2020		109
2021 and thereafter		3

		36,122

(4) Real estate online brokerage services

Commencing in 2015, the Company provided brokerage services for sellers and buyers of secondary properties. Brokerage services may include property listing services, advisory services, transaction negotiation services and administration services. In addition to secondary property sales, the Company also assists property owners and potential tenants with leasing transactions. Commission revenues derived from brokerage services is recognized upon the execution, fulfillment of all performance obligations specified on the tri-party transaction agreement that is entered into between the seller, buyer and the Company in its capacity as broker, and cash receipt.

(5) Online decoration services

Beginning in 2015, the Company launched online decoration services, which includes interior design, remodeling, renovation, furnishing and other home improvement services. The Company generally charges the customers a fixed fee. The Company recognizes revenues based on the percentage-of-completion method and measures progress using input measures, i.e., cost-to-cost, in accordance with ASC 605-35, “Revenue Recognition Construction-Type and Production-Type Contracts.” Estimated losses, if any, are recognized during the period in which the loss becomes probable and reasonably estimable.

Marketing Services

The Company offers marketing services on the Company’s websites and mobile apps, primarily through banner advertisements, floating links, logos and other media insertions. These marketing services are offered to real estate developers and to a lesser extent provider of products and services for home decoration and improvement. Marketing services allow customers to place advertisements on particular areas of the Company’s websites and mobile apps, in particular formats and over particular periods of time. Written contracts, containing all significant terms, signed by the Company and its customers provide persuasive evidence of the arrangement. The contracts generally do not contain any specific performance target or refund guarantee.

The service fee is negotiated between the customer and the Company but once a price is agreed to and the written contract is signed by both parties, the price is fixed and not subject to change. The service fee is due and payable in installments over the service period. The marketing services typically last from several days to one year. Delivery of the service occurs upon displaying the agreed forms of services on the Company’s websites and mobile apps over the specified service period. The Company performs credit assessments on its customers prior to signing the written contract to ensure collectability is reasonably assured. Revenues are recognized ratably over the contract period, as there is persuasive evidence of an arrangement, the fee is fixed or determinable and collection is reasonably assured, as prescribed by ASC 605.

Beginning in 2015, the Group began to enter into marketing service agreements with certain real estate developers, where the Company may elect to collect the contractually stated marketing service fee in the form of (i) a designated real estate property, if transferred to the Company or sold to a third-party buyer designated by the Company prior to a pre-determined date, which typically falls at the end of the marketing service period, or (ii) cash, if the Company elects not to take the designated real estate property as settlement consideration by the pre-determined date. The Company determines the contractually stated marketing service fee under the new payment arrangements with reference to the cash price of the comparable services offered by the Company under the sole cash payment arrangements. The designated real estate property is typically a specifically identified residential unit within a residential community developed by the real estate developer and its fair value is generally commensurate with the contractually stated marketing service fee as of the date of the marketing service agreement. If the Company elects settlement through the sale of the designated real estate property to a third-party buyer, the Company is entitled to retain the entire sales proceeds. In this scenario, the Company has the sole discretion in setting the sales price of the designated real estate property to the third-party buyer but has no incentive to permit such real estate property to be sold at a price lower than the contractually stated marketing service fee, which serves as a de-facto minimal selling price, because the Company would instead accept the cash payment of the stated marketing service fee. Prior to the pre-determined date, the real estate developer is obligated not to sell, encumber or otherwise dispose of the designated real estate property without the consent of the Company.

Under these arrangements, the Company initially recognizes the marketing service revenue up to the amount of the contractually stated marketing service fee. Any excess is contingent upon the sale of the designated real estate properties and is accounted for as contingent marketing service revenues, if and when the sale is consummated and all other revenue recognition criteria are met. For the year ended December 31, 2015, the Company did not elect to collect the marketing service fees under these arrangements through a transfer or sale of the designated real estate properties, as the Company elected to collect all the marketing service fees in cash. For the year ended December 31, 2016, the Company recognized marketing service revenue of US$9,730 (2015: US$52,000) under the new payment arrangements. Since 2016, the Company ceased entering into these arrangements with real estate developers.

Instead, the Company began to provide marketing services whereby the sole consideration for the services is in the form of a specifically identified unit of a development. The Company accounts for these arrangements pursuant to ASC 845, Nonmonetary transactions, and have determined that the fair value of consideration received, i.e. the specifically identified real estate property, is more readily determinable than the marketing services surrendered. Accordingly, the fair value of property is used for measurement and revenues are recognized ratably over the service period. Revenue recognized under such arrangement was nil, nil and US$728 for the years ended December 31, 2014, 2015 and 2016.

For certain arrangements, the Company provides marketing services that contain multiple deliverables, that is, different forms of services to be delivered over different periods of time.

The Company accounts for each deliverable in the arrangement as separate unit of accounting. Revenues are allocated to each unit of accounting on a relative fair value basis based on a selling price hierarchy and is recognized ratably over the duration of the service period. The selling price for a deliverable is based on its vendor-specific objective evidence (“VSOE”) if available, third party evidence (“TPE”) if VSOE is not available, or BESP if neither VSOE nor TPE is available. The total arrangement consideration is allocated to each unit of accounting based on its relative selling price which is determined based on the Company’s BESP for that deliverable because neither VSOE nor TPE exist. In determining its BESP for each deliverable, the Company considered its overall pricing model and objectives, as well as market or competitive conditions that may impact the price at which the Company would transact if the deliverable were sold regularly on a standalone basis. The Company monitors the conditions that affect its determination of selling price for each deliverable and reassesses such estimates periodically.

The Company updated the BESP for each deliverable during the year ended December 31, 2016. In accordance with ASC 250, “Accounting Changes and Error Corrections”, changes in the determination of the BESP are considered a change in accounting estimate and are accounted for on a prospective basis. The effect of changes in the BESP on the allocation of arrangement consideration was insignificant for the years ended December 31, 2014, 2015 and 2016.

Listing Services

Listing services revenues consist of revenues derived from both basic listing services and special listing services.

The Company’s basic and special listing services are provided to agents, brokers, property developers, property owners, property managers and others seeking to sell or rent new or secondary residential and commercial properties.

(1)

Basic listing services

Basic listing services entitle customers to post and make changes to information for properties, home furnishings and other related products and services in a particular area on the website and mobile apps for a specified period of time, which typically range from one to 36 months, in exchange for a fixed fee. Written contracts, containing all significant terms, signed by the Company and its customers provide persuasive evidence of the arrangement. The amount of fee to be paid is not subject to change once the contract has been signed. The contracts generally do not contain any specific performance target or refund guarantee. Delivery of services occurs by making access to the websites and mobile apps available for posting by the customers over the specified listing period. The Company performs credit assessments of its customers prior to signing the written contract to ensure collectability is reasonably assured. In accordance with ASC 605, revenues are recognized ratably over the duration of the service period as the basic listing services are being delivered.

(2)

Special listing services

Special listing services are multiple element arrangements comprising of website listing services and other coordination of promotional themed events (“Offline Services”), such as a physical forum discussion or a banquet gathering, each with the special listing as the theme, where the Company’s customers promote their products or services to a live audience. The Offline Services do not have standalone value and are always sold with special listing services. Written contracts, containing all significant terms, signed by the Company and its customers provide persuasive evidence of the arrangement. The amount of fee to be paid is not subject to change once the contract has been signed. The contracts do not contain any specific performance, cancellation, termination or refund provisions. Delivery of services occurs by making access to the websites available for posting by the customers over the specified listing period and upon completion of the Offline Services. The Company performs credit assessments of its customers prior to signing the written contract to ensure collectability is reasonably assured.

As the Offline Services do not have standalone value, a combined unit of accounting is used pursuant to ASC 605-25, “Revenue recognition–Multiple-element arrangements” whereby revenues are recognized upon delivery of the final deliverable, which is recognized ratably over the duration of the special listing service period.

Financial Services

Financial services are provided through the Company’s online financial platform www.fangtx.com and offline micro loan subsidiaries. The Company provides secured loans in the form of entrusted loans, mortgage loans and unsecured loans, primarily to borrowers that meet the Company’s credit assessment requirements. Revenues derived from loan interest income and annual service fees are recognized using the effective interest rate method. The Company does not accrue interest on loans receivable that are considered impaired or more than 90 days past due unless either the receivable has not been collected due to administrative reasons or the receivable is well secured and in the process of collection.

Other Value-added Services

The Company generates revenues from other value-added services including subscription services for access to the Company’s information database and consulting services for customized and industry-related research reports and indices. Revenues derived from subscription services for access to the Company’s information database are recognized ratably over the subscription period. Revenues derived from consulting services for customized and industry-related research reports and indices are recognized when the relevant services are completed.

The Company’s business is subject to BT, VAT, surcharges or cultural construction fees levied on advertising-related sales in the PRC. In accordance with ASC 605-45, “Revenue Recognition-Principal Agent Considerations”, all such BT, VAT, surcharges and cultural construction fees are presented as cost of revenues in the consolidated statements of comprehensive income (loss). BT, VAT, surcharges and cultural construction fees for the years ended December 31, 2014, 2015 and 2016 were US$44,003 and US$48,253 and US$68,007, respectively.

All service fees received in advance of the provision of services are initially recorded as deferred revenues and subsequently recognized as revenues when the related services are performed by the Company.

Cost of Revenues

Cost of revenues consists of employee costs, BT, VAT and surcharges, rental costs incurred in relation to sublease services, labor and decoration material costs related to online decoration services, server and bandwidth leasing fees, payments to third-party real estate agents and other direct costs incurred in providing the related services. These costs are expensed when incurred.

Advertising Expenses

Advertising expenses are expensed when incurred and are included in selling expenses in the consolidated statements of comprehensive income (loss). For the years ended December 31, 2014, 2015 and 2016, the advertising expenses were US$6,202, US$44,123 and US$61,762, respectively.

Leases

Leases are classified at the inception date as either a capital lease or an operating lease. A lease is a capital lease if any of the following conditions exists: (a) ownership is transferred to the lessee by the end of the lease term, (b) there is a bargain purchase option, (c) the lease term is at least 75% of the property’s estimated remaining economic life or (d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date. A capital lease is accounted for as if there was an acquisition of an asset and an incurrence of an obligation at the inception of the lease. All other leases are accounted for as operating leases wherein rental payments are expensed as incurred. The Company had no capital leases for any of the years presented.

Income Taxes

The Company follows the liability method of accounting for income taxes, whereby deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and attributable to operating loss and tax credit carryforwards, if any. The Company reduces the carrying amounts of deferred tax assets by a valuation allowance, if based on the available evidence, it is “more-likely-than-not” that such assets will not be realized. Accordingly, the need to establish valuation allowances for deferred tax assets is assessed at each reporting period based on a “more-likely-than-not” realization threshold. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of futures profitability, the duration of statutory carryforward periods, the Company’s experience with operating loss and tax credit carryforwards, if any, not expiring.

The Company applies ASC 740, “Income taxes” (“ASC 740”), to account for uncertainties in income taxes. In accordance with the provisions of ASC 740, the Company recognizes in its financial statements the impact of a tax position if a tax return position or future tax position is “more-likely-than-not” to prevail based on the facts and technical merits of the position. Tax positions that meet the “more-likely-than-not” recognition threshold are measured at the largest amount of tax benefit that has a greater than fifty percent likelihood of being realized upon settlement.

The Company’s estimated liability for unrecognized tax benefits, which is included in “accrued expenses and other liabilities”, is periodically assessed for adequacy and may be affected by changing interpretations of laws, rulings by tax authorities, changes and/or developments with respect to tax audits, and expiration of the statutes of limitation. The outcome for a particular audit cannot be determined with certainty prior to the conclusion of the audit and, in some cases, appeal or litigation process. The actual benefits ultimately realized may differ from the Company’s estimates. As each audit is concluded, adjustments, if any, are recorded in the Company’s financial statements. Additionally, in future periods, changes in facts, circumstances, and new information may require the Company to adjust the recognition and measurement estimates with regard to individual tax positions. Changes in recognition and measurement estimates are recognized in the period in which the changes occur.

Interest and penalties arising from underpayment of income taxes are computed in accordance with the related PRC tax law. The amount of interest expense is computed by applying the applicable statutory rate of interest to the difference between the tax position recognized and the amount previously taken or expected to be taken in a tax return. Interest and penalties recognized in accordance with ASC 740 are classified in the consolidated statements of comprehensive income (loss) as income tax expense.

Government Grants

Government grants primarily consist of financial subsidies received from provincial and local governments for operating a business in their jurisdictions and compliance with specific policies promoted by the local governments. For certain government grants, there are no defined rules and regulations to govern the criteria necessary for companies to receive such benefits, and the amount of financial subsidy is determined at the discretion of the relevant government authorities. The government grants of non-operating nature with no further conditions to be met are recorded as non-operating income in “Other income, net” when received. The government grants with certain operating conditions are recorded as liabilities when received and will be recorded as operating income when the conditions are met. For the years ended December 31, 2014, 2015 and 2016, US$7,205 and US$4,936, US$6,469 respectively, of government grants were recognized as non-operating income.

Share-based Compensation

The Company’s employees and directors participate in the Company’s share-based award incentive plan which is more fully discussed in Note 17. The Company applies ASC 718, “Compensation-Stock Compensation” (“ASC 718”), to account for its employee share-based payments. There were no share-based payments made to non-employees for any of the years presented.

In accordance with ASC 718, the Company determines whether a share option should be classified and accounted for as a liability award or an equity award. All grants of share-based awards to employees classified as equity awards are recognized in the financial statements based on their grant date fair values which are calculated using an option pricing model. All grants of share-based awards to employees and directors classified as liabilities are remeasured at the end of each reporting period with an adjustment for fair value recorded to the current period expense in order to properly reflect the cumulative expense based on the current fair value of the vested rewards over the vesting periods. The Company has elected to recognize compensation expense using the straight-line method for all employee equity awards granted with graded vesting based on service conditions, which were not subject to performance vesting conditions.

Meanwhile, the Company uses the accelerated attribution method for equity awards with performance conditions on a tranche-by-tranche basis based on the probable outcome of the performance conditions. To the extent the required vesting conditions are not met resulting in the forfeiture of the share-based awards, previously recognized compensation expense relating to those awards is reversed. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from initial estimates. Share-based compensation expense was recorded net of estimated forfeitures such that expense was recorded only for those share-based awards that are expected to vest.

Earnings per Share

The Company computes earnings per Class A and Class B ordinary shares in accordance with ASC 260, “Earnings Per Share” (“ASC 260”), using the two class method. Under the provisions of ASC 260, basic net income per share is computed using the weighted average number of ordinary shares outstanding during the period except that it does not include unvested ordinary shares subject to repurchase or cancellation. Diluted net income per share is computed using the weighted average number of ordinary shares and, if dilutive, potential ordinary shares outstanding during the period. Potentially dilutive securities have been excluded from the computation of diluted net income per share if their inclusion is anti-dilutive. Potential ordinary shares consist of the incremental ordinary shares issuable upon the exercise of stock options, contracts that may be settled in the Company’s stock or cash and the conversion of the convertible senior notes. The dilutive effect of outstanding stock options and convertible senior notes is reflected in diluted earnings per share by application of the treasury stock method and the if-converted method, respectively. The computation of the diluted net income per share of Class A ordinary shares assumes the conversion of Class B ordinary shares, while the diluted net income per share of Class B ordinary shares does not assume the conversion of those shares.

The liquidation and dividend rights of the holders of the Company’s Class A and Class B ordinary shares are identical, except with respect to voting. The Class B ordinary shareholders do not have the legal ability to cause the Company’s board of directors to declare unequal dividends to the holders of Class A and Class B ordinary shares. As a result, and in accordance with ASC 260, the undistributed earnings for each year are allocated based on the contractual participation rights of the Class A and Class B ordinary shares as if the earnings for the year had been distributed. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis. Further, as the conversion of Class B ordinary shares is assumed in the computation of the diluted net income per share of Class A ordinary shares, the undistributed earnings are equal to net income for that computation. For the purposes of calculating the Company’s basic and diluted earnings per Class A and Class B ordinary shares, the ordinary shares relating to the options that were exercised are assumed to have been outstanding from the date of exercise of such options.

Derivative Instruments

ASC 815, “Derivatives and Hedging”, requires all contracts which meet the definition of a derivative to be recognized on the balance sheet as either assets or liabilities and recorded at fair value. Changes in the fair value of derivative financial instruments are either recognized periodically in earnings or in other comprehensive income (loss) depending on the use of the derivative and whether it qualifies for hedge accounting. Changes in fair values of derivatives not qualified as hedges are reported in earnings. The estimated fair values of derivative instruments are determined at discrete points in time based on the relevant market information. These estimates are calculated with reference to the market rates using industry standard valuation techniques. The fair value of the derivative instruments held by the Company was insignificant for all of the years presented.

Comprehensive Income (Loss)

Comprehensive income (loss) is defined as the change in equity of the Company during a period from transactions and other events and circumstances excluding transactions resulting from investments from owners and distributions to owners. Accumulated other comprehensive income (loss), as presented on the consolidated balance sheets, includes (i) the cumulative foreign currency translation adjustments, (ii) unrealized gain (loss) on available-for-sale securities, and (iii) gains and losses on intra-entity foreign currency transactions that are of a long-term-investment nature (that is, settlement is not planned or anticipated in the foreseeable future) between consolidated entities.

Contingencies

The Company records accruals for certain of its outstanding legal proceedings or claims when it is probable that a liability will be incurred and the amount of loss can be reasonably estimated. The Company evaluates, on a quarterly basis, developments in legal proceedings or claims that could affect the amount of any accrual, as well as any developments that would make a loss contingency both probable and reasonably estimable. The Company discloses the amount of the accrual if it is material.

When a loss contingency is not both probable and estimable, the Company does not record an accrued liability but discloses the nature and the amount of the claim, if material. However, if the loss (or an additional loss in excess of the accrual) is at least reasonably possible, then the Company discloses an estimate of the loss or range of loss, if such estimate can be made and material, or states that such estimate is immaterial if it can be estimated but immaterial, or discloses that an estimate cannot be made. The assessments of whether a loss is probable or reasonably possible, and whether the loss or a range of loss is estimable, often involve complex judgments about future events. Management is often unable to estimate the loss or a range of loss, particularly where (i) the damages sought are indeterminate, (ii) the proceedings are in the early stages, or (iii) there is a lack of clear or consistent interpretation of laws specific to the industry-specific complaints among different jurisdictions. In such cases, there is considerable uncertainty regarding the timing or ultimate resolution of such matters, including eventual loss, fine, penalty or business impact, if any.

Recent accounting pronouncements

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in ASC 605, and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is originally effective for the annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. ASU No. 2015-14, “Revenue from Contracts with Customers” (“ASU 2015-14”), defers the effective date of ASU 2014-09 by one year. As a result, ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2017 and interim periods therein. Early adoption is permitted to the original effective date. The Company is currently evaluating the impact of adopting the new revenue standard on its consolidated financial statements and considering additional disclosure requirements.

In November 2015, the FASB issued ASU No. 2015-17, “Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes” (“ASU 2015-17”). ASU 2015-17 requires that deferred income tax liabilities and assets be classified as noncurrent in a classified statement of financial position. ASU 2015-17 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Group has early adopted the ASU 2015-17 when preparing for the financial statement for the year ended December 31, 2016 on a prospective basis and no retrospective adjustment was made for the consolidated balance sheet as of December 31, 2015.

In January 2016, the FASB issued ASU No. 2016-01 (“ASU 2016-01”), Financial Instruments. ASU 2016-01 requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. An entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. ASU 2016-01 also simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on its consolidated financial statements

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). ASU 2016-02 requires lessees to recognize the rights and obligations resulting from leases as assets and liabilities. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2016-02 on its consolidated financial statements.

In March 2016, the FASB issued ASU No. 2016-09, “Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). ASU 2016-09 involves several aspects of the accounting for shared-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flow. ASU 2016-09 is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2016-09 on its consolidated financial statements.

In June 2016, the FASB issued ASU No. 2016-13 (“ASU 2016-13”), Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments. ASU 2016-13 changes the impairment model for most financial assets and certain other instruments. The standard will replace “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. For available-for-sale debt securities, entities will be required to record allowances rather than reduce the carrying amount, as they do today under the other-than-temporary impairment model. The standard is effective for public business entities for annual periods beginning after December 15, 2019, and interim periods therein. Early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on its consolidated financial statements

In November 2016, the FASB issued Accounting Standards Update No. 2016-18 (“ASU 2016-18”), Statement of Cash Flows (Topic 230): Restricted Cash. ASU 2016-18 requires companies to include amounts generally described as restricted cash and restricted cash equivalents in cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts shown on the statement of cash flows. This standard is effective for public business entities in the first quarter of 2018. Early adoption is permitted.

In January 2017, the FASB issued Accounting Standards Update No. 2017-04(“ASU 2017-04”), Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. ASU 2017-04 eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value. This standard is effective for public business entities in the first quarter of 2020. Early adoption is permitted. The Company is currently evaluating the effect that this guidance will have on its consolidated financial statements and related disclosures.

CONCENTRATION OF RISKS

12 Months Ended

Dec. 31, 2016

Risks and Uncertainties [Abstract]

CONCENTRATION OF RISKS

3.	CONCENTRATION OF RISKS

Concentration of Credit Risk

Assets that potentially subject the Company to significant concentration of credit risk primarily consist of cash and cash equivalents, restricted cash, fixed-rate time deposits classified as short-term investments, accounts receivable, funds receivable, loans receivable and commitment deposits. As of December 31, 2016, the Company had US$590,540 in cash and cash equivalents, restricted cash (current) and short-term investments, 93.8% and 6.2% of which were held by financial institutions in the PRC and financial institutions outside of the PRC, respectively. Under PRC law, it is generally required that a commercial bank in the PRC that holds third-party cash deposits protect the depositors’ rights and interests over their deposited money; PRC banks are subject to a series of risk control regulatory standards; and PRC bank regulatory authorities are empowered to take over the operation and management of any PRC bank that faces a material credit crisis. In the event of bankruptcy of one of the financial institutions in which the Company has deposits or investments, it may be unlikely to claim its deposits or investments back in full. The Company selected reputable financial institutions with high credit ratings to deposit its assets. The Company regularly monitors the ratings of the financial institutions in case of any defaults. There has been no recent history of default in relation to these financial institutions.

Accounts receivable are typically unsecured and are derived from revenue earned from customers in the PRC. The risk with respect to accounts receivable is mitigated by credit evaluations the Company performs on its customers and its ongoing monitoring of outstanding balances. The Company regularly reviews the creditworthiness of its customers, and requires collateral from its customers in certain circumstances when accounts receivables become long overdue.

Funds receivable represent amounts due from third-party payment service providers. The Company carefully considers and monitors the credit worthiness of the third-party payment service providers to mitigate any risks associated with funds receivable.

The Company is exposed to default risk on its loans receivable. The Company assesses the allowance for credit loss related to loans receivable on a quarterly basis, either on an individual or collective basis. As of December 31, 2016, no single borrower comprised a significant portion of the Company’s loan portfolio.

The Company regularly reviews the creditworthiness of real estate developers, and requires collateral from real estate developers in certain circumstances when commitment deposits become overdue.

Concentration of Customers

There were no revenues from customers which individually represented greater than 10% of the total revenues for any of the years ended December 31, 2014, 2015 and 2016.

Concentration of Revenues

Revenues from marketing services represented 42%, 28.3% and 18% of the total gross revenues for the years ended December 31, 2014, 2015 and 2016, respectively. Revenues from E-commerce services represented 35%, 54% and 63% of the total gross revenues for the years ended December 31, 2014, 2015 and 2016, respectively. Any disruption in the provision of marketing services and E-commerce services to customers may adversely affect the Company’s business, financial condition and results of operations.

Current Vulnerability Due to Certain Other Concentrations

The Company’s operations may be adversely affected by significant political, economic and social uncertainties in the PRC. Although the PRC government has been pursuing economic reform policies for more than 30 years, no assurance can be given that the PRC government will continue to pursue such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political disruption or unforeseen circumstances affecting the PRC’s political, economic and social conditions. There is also no guarantee that the PRC government’s pursuit of economic reforms will be consistent or effective.

The Company almost transacts all of its business in RMB, which is not freely convertible into foreign currencies. On January 1, 1994, the PRC government abolished the dual rate system and introduced a single rate of exchange as quoted daily by the People’s Bank of China (the “PBOC”). However, the unification of the exchange rates does not imply that the RMB may be readily convertible into United States dollars or other foreign currencies. All foreign exchange transactions continue to take place either through the PBOC or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the PBOC.

Approval of foreign currency payments by the PBOC or other institutions requires submitting a payment application form together with suppliers’ invoices, shipping documents and signed contracts. Additionally, the value of the RMB is subject to changes in central government policies and international economic and political developments affecting supply and demand in the PRC foreign exchange trading system market.

Internet and advertising related businesses are subject to significant restrictions under current PRC laws and regulations. Specifically, foreign investors are not allowed to own more than a 50% equity interest in any ICP business. In 2016, a foreign invested entity mainly owned and ultimately controlled by our WFOE obtained the ICP to operate www.fang.com. In addition, previously PRC regulations require any foreign entities that invest in the advertising services industry to have at least a two-year track record with a principal business in the advertising industry outside of the PRC and such operating record requirement has been removed in 2016.

The Company conducts its operations in the PRC through contractual arrangements entered into between the WOFEs and the PRC Domestic Entities. The relevant regulatory authorities may find the current contractual arrangements and businesses to be in violation of any existing or future PRC laws or regulations. If the Company or any of its current or future PRC Domestic Entities or subsidiaries are found in violation of any existing or future laws or regulations, or fail to obtain or maintain any of the required permits or approvals, the relevant regulatory authorities would have broad discretion in dealing with such violations, including levying fines, confiscating the income of WOFEs, PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries, revoking the business licenses or operating licenses of WOFEs, PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries, shutting down the Company’s servers or blocking the Company’s websites, discontinuing or placing restrictions or onerous conditions on the Company’s operations, requiring the Company to undergo a costly and disruptive restructuring, or enforcement actions that could be harmful to the Company’s business. Any of these actions could cause significant disruption to the Company’s business operations and severely damage the Company’s reputation, which would in turn materially and adversely affect the Company’s business and results of operations. In addition, if the imposition of any of these penalties causes the Company to lose the rights to direct the actives of PRC Domestic Entities or the Company’s right to receive their economic benefits, the Company would no longer be able to consolidate the PRC Domestic Entities.

In addition, if the WOFEs, PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries or their shareholders fail to perform their obligations under the Contractual Agreements, the Company may have to incur substantial costs and expend resources to enforce the Company’s rights under the contracts. The Company may have to rely on legal remedies under PRC law, including seeking specific performance or injunctive relief and claiming damages, which may not be effective. All of these Contractual Agreements are governed by PRC law and provide for the resolution of disputes through arbitration in the PRC. Accordingly, these contracts would be interpreted in accordance with PRC law and any disputes would be resolved in accordance with the PRC legal procedures. The legal system in the PRC is not as developed as in other jurisdictions, such as the United States. As a result, uncertainties in the PRC legal system could limit the Company’s ability to enforce these Contractual Agreements. Under PRC law, rulings by arbitrators are final, parties cannot appeal the arbitration results in courts, and prevailing parties may only enforce the arbitration awards in PRC courts through arbitration award recognition proceedings, which would incur additional expenses and delay. In the event the Company is unable to enforce these Contractual Agreements, the Company may not be able to exert effective control over its PRC Domestic Entities, and the Company’s ability to conduct its business may be negatively affected.

Based on the advice of the Company’s PRC legal counsel, the corporate structure and Contractual Agreements of the Company’s PRC Domestic Entities and WFOEs in China are in compliance with all existing PRC laws and regulations. Therefore, in the opinion of management, (i) the ownership structure of the Company and the PRC Domestic Entities are in compliance with existing PRC laws and regulations; (ii) the Contractual Agreements with PRC Domestic Entities and their nominee shareholder are valid and binding, and will not result in any violation of PRC laws or regulations currently in effect; and (iii) the Company’s business operations are in compliance with existing PRC law and regulations in all material respects.

INVESTMENTS

12 Months Ended

Dec. 31, 2016

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

Short-term investments and long-term investments consisted of the following:

	As of December 31,
	2015		2016
	US$		US$
Short-term investments
Fixed-rate time deposits		62,559		42,929

Long-term investments:
Available-for-sale securities:
- Yirendai Ltd. ("Yirendai")		985		-
- Color Life Service Group ("Color Life")		23,703		20,606
- Hopefluent Group Holdings Limited ("Hopefluent")		31,339		31,033
		56,027		51,639
Cost method investments:
- Shenzhen World Union Properties Consultancy Co., Ltd. ("World Union")		121,394		107,088
- Sindeo, Inc. ("Sindeo")		5,000		2,768
- Guilin Bank		-		12,173
- Xian Chuangdian Quancheng Real Estate Consultant Limited (“Chuangdian”)		-		3,294
- Tospur Real Estate Consulting Co., Ltd. ("Tospur")		62,257		54,918
		188,651		180,241

		244,678		231,880

As of December 31, 2015 and 2016, the Company held fixed-rate time deposits in commercial banks and financial institutions with an original maturity of less than one year.

Interest income on the fixed-rate time deposits of US$27,166, US$9,474 and US$11,367 were recognized for the years ended December 31, 2014, 2015 and 2016, respectively.

Dividends from the long-term investments of nil, US$1,333 and US$3,281 were recognized as investment income in the consolidated statements of comprehensive income (loss) for the years ended December 31, 2014, 2015 and 2016, respectively.

As of December 31, 2015, the Company had acquired a total of 103,935 shares of Yirendai, a New York Stock Exchange (“NYSE”) listed company, for US$995. The investment constituted a 0.18% ownership in Yirendai and was classified as an available-for-sale security. As of December 31, 2015, the market price of Yirendai was US$985 and the unrealized loss of US$10 was recorded in other comprehensive income (loss). In 2016, the Company acquired an additional 283,408 shares of Yirendai for a total consideration of US$1,496. The total cost amounted to US$2,491. The investment constituted a 0.66% ownership in Yirendai and was classified as an available-for-sale security. In August 2016, the Company sold all its shares in Yirendai for a total consideration of US$13,074, and recognized a gain of US$10,583 in the consolidated statements of comprehensive income (loss).

On June 27, 2014, the Company acquired 27,551,733 shares of Color Life, a Hong Kong listed company, for US$13,583. The investment constituted a 2.76% ownership in Color Life and was classified as an available-for-sale security. As of December 31, 2015, the market price declined to US$23,703 (December 31, 2014: US$24,091) and an unrealized loss of US$388 was recorded in other comprehensive income (loss). As of December 31, 2016, the market price further declined to US$20,606 and an unrealized loss of US$3,097 was recorded in other comprehensive income (loss).

In November 2014, the Company acquired an aggregate of 111,935,037 shares of Hopefluent, a Hong Kong listed company, for US$43,361. The investment constituted a 17.26% ownership in Hopefluent and was classified as an available-for-sale security. During the year ended December 31, 2014, the market price of Hopefluent declined significantly. As a result, an other-than-temporary impairment loss of US$8,417 was recognized in the year ended December 31, 2014 and the new cost basis of the available-for-sale security was US$34,944 as of December 31, 2014. As of December 31, 2015, the market price of investment in Hopefluent continued to decrease to US$31,339. The Company evaluates the duration and extent to which the fair value of a security is less than its cost; the financial condition of the issuer and any changes thereto; and the Company’s intent to sell, or whether it will more likely than not be required to sell, the security before recovery of its amortized cost basis. As a result, the Company did not consider Hopefluent to be other-than-temporarily impaired and accordingly an unrealized loss of US$3,605 was recorded in other comprehensive income (loss). As of December 31, 2016, the market price declined to US$31,033 and an unrealized loss of US$306 was recorded in other comprehensive income (loss). As at May 11, 2017, the market price of the investment in Hopefluent recovered to US$33,235.

On May 29, 2015, the Company acquired an aggregate of 145,376,744 shares of World Union, a PRC listed company, at a total consideration of US$121,394. The investment constituted a 10.06% ownership in World Union. The investment in World Union was classified as a cost method investment, as the Company could not freely sell the shares due to a lock-up provision of 36 months. On April 8, 2016, World Union declared a dividend distribution. Four shares were distributed to investors for every ten shares held. The Company’s shareholding increased from 145,376,744 shares to 203,527,442 shares. No impairment on the investment in World Union was recognized for the year ended December 31, 2016.

On October 29, 2015, the Company acquired 11.03% of the share capital of Sindeo, a non-listed company, for US$5,000. The investment in Sindeo was classified as a cost method investment, as the Company does not have significant influence over Sindeo and because there is no readily determinable fair value. During the year ended December 31, 2016, an impairment loss of US$2,232 was recorded in the statement of comprehensive income (loss) as Sindeo’s financial condition had deteriorated as evidenced by significant operating losses.

On July 12, 2016, the Company acquired an aggregate of 30,595,859 shares of Guilin Bank, a PRC non-listed company, for US$12,173. The investment constituted a 0.01% ownership in Guilin Bank and was classified as a cost method investment, as the Company does not have significant influence over Guilin Bank and because there is no readily determinable fair value. No impairment on the investment in Guilin Bank was recognized for the year ended December 31, 2016.

On January 21, 2016, the Company acquired an aggregate of 4,411,765 shares of Chuangdian, which is listed on the National Equities Exchange and Quotations (“NEEQ”) in the PRC, for a total consideration of US$3,294. The investment constituted a 15% ownership in Chuangdian and was classified as a cost method investment, as the Company does not have significant influence and because there is no readily determinable fair value, as the breadth and scope of NEEQ is not comparable to equivalent U.S markets. No impairment on the investment in Chuangdian was recognized for the year ended December 31, 2016.

On December 10, 2014, the Company acquired 16% of the share capital of Tospur, a non-listed company, for US$62,257. The investment in Tospur was classified as a cost method investment, as the Company does not have significant influence over Tospur and because there is no readily determinable fair value. No impairment on the investment in Tospur was recognized for the year ended December 31, 2016.

The following is a summary of the available-for-sale securities as of December 31, 2015 and 2016:

			Gross		Gross		Fair Value
	Original		Unrealized		Unrealized		(Net Carrying
	Cost		Gains		Losses		Amount)
	US$		US$		US$		US$
December 31, 2015
- Color Life		13,583		10,120		-		23,703
- Hopefluent		34,944		-		(3,605)		31,339
- Yirendai		995		-		(10)		985

		49,522		10,120		(3,615)		56,027
December 31, 2016
- Color Life		13,583		7,023		-		20,606
- Hopefluent		34,944		-		(3,911)		31,033

		48,527		7,023		(3,911)		51,639

As of December 31, 2015 and 2016, the total losses for securities with net losses in accumulated other comprehensive income (loss) were US$3,615 and US$3,911, respectively. The following table shows all available-for-sale securities in an unrealized loss position for which an other-than-temporary impairment has not been recognized and the related gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:

As of December 31, 2016

Less than 12

12 Months or

Months

Longer

Total

Fair

Unrealized

Fair

Unrealized

Fair

Unrealized

Value

Loss

Value

Loss

Value

Loss

Hopefluent

31,033

(306)

(3,605)

31,033

(3,911)

Total available-for-sale securities

31,033

(306)

(3,605)

31,033

(3,911)

	As of December 31, 2015
	Less than 12				12 Months or
	Months				Longer				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Hopefluent		31,339		(3,605)		-		-		31,339		(3,605)
Yirendai		985		(10)		-		-		985		(10)

Total available-for-sale securities		32,324		(3,615)		-		-		32,324		(3,615)

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

ACCOUNTS RECEIVABLE

5.	ACCOUNTS RECEIVABLE

Accounts receivable and the related allowance for doubtful accounts were summarized as follows:

	As of December 31,
	2015		2016
	US$		US$

Accounts receivable		178,580		128,038
Allowance for doubtful accounts		(31,064)		(34,366)

Accounts receivable, net		147,516		93,672

	For the Years Ended
	December 31,
	2014		2015		2016
	US$		US$		US$
Movement in allowance for doubtful accounts:
Balance at beginning of year		15,019		21,397		31,064
Additional provision charged to expenses		17,377		18,649		30,025
Write-offs		(10,933)		(7,209)		(24,250)
Foreign currency translation adjustments		(66)		(1,773)		(2,473)

Balance at end of year		21,397		31,064		34,366

LOANS RECEIVABLE

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

LOANS RECEIVABLE

7.	LOANS RECEIVABLE

Beginning in August 2014, the Company launched its financial services business and platform via www.fangtx.com (formerly known as www.txdai.com). The Company initially provided secured and unsecured loans to both individuals and businesses, but ceased to provide loans to businesses by end of 2015. Loans made to individuals were primarily unsecured and were mortgage and bridge loans to secure purchase of secondary property prior to sale of primary property as well property renovations.

Secured loans

As of December 31, 2016 and 2015, the duration of secured loans ranged from one to 36 months, and had interest rates ranging from 6% to 24% per annum and 6% to 26% per annum. As of December 31, 2016 and 2015, the total outstanding balance is US$7,031 and US$19,255.

Unsecured loans

As of December 31, 2016 and 2015, the duration of unsecured loans ranged from one to 36 months, and had interest rates ranging from 1% to 28.08% per annum and 4% to 24% per annum. As of December 31, 2016 and 2015, the total outstanding balance is US$55,479 and US$306,740.

Loans held for investment are recorded at outstanding principal adjusted for any charge-offs, allowance for loan losses and loan origination costs, while loans held for sale are reported at the lower of cost or fair value.

The Company assesses the allowance for credit loss related to loans receivable on a quarterly basis, either on an individual or collective basis. The Company considers various factors in evaluating loans receivable for possible impairment on an individual basis. These factors include the amount of the loan, historical experience, value of collateral, if any, credit quality and age of the receivables balances. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. When the evaluation indicates that it is probable that the scheduled interest and principal payments due per the loan agreement are unlikely to be collected, such loan receivable is considered impaired. Impairment is measured on an individual loan basis using either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is secured. The Company evaluates the remainder of its loans receivables portfolio for impairment on a collective basis in accordance with ASC 450-20, Loss Contingencies, and records an allowance for credit loss at the portfolio segment level. When evaluating the loans receivable on a collective basis, the Company applies a formula-based percentage utilizing historical loss data to calculate the collective allowance.

The Company’s internal credit risk ratings are categorized into three categories: pass, special attention and non-performing. A “pass” rating represents the highest quality loans receivable. Typically, the Company considers loans receivable with a risk rating of non-performing to be fully impaired, or up to the fair value of collateral, if any.

The Company derives internal credit risk rating by taking into consideration various customer-specific factors, such as the Company’s specific historical experience with the borrower. Such credit risk rating is updated when facts or circumstances change. Loans receivable are written off at the point when they are considered uncollectible, and all outstanding balances, including any previously earned but uncollected interest income, will be reversed and charged against the allowance for credit loss.

The internal credit risk rating considerations are as follows:

• Pass: Loans for which borrowers are expected to honor the terms of the contracts. There are no indicators to question the borrowers’ ability to repay the principal and accrued interest in full and on a timely basis.

• Special attention: Loans for which borrowers are currently able to repay the principal and no interests are accrued when considered impaired or overdue more than 90 days, the repayment of loans might be adversely affected by some factors.

• Non-performing: Loans for which borrowers may not able to repay the principal and accrued interest in full. These loans are fully provided for unless secured by collateral

The Company does not accrue interest on loans receivable that are considered impaired or more than 90 days past due unless either the receivable has not been collected due to administrative reasons or the receivable is well secured and in the process of collection. After an impaired loans receivable has been placed on nonaccrual status, interest will be recognized when cash is received on a cash basis method-cost recovery. A loan receivable may be returned to accrual status after all of the borrower’s delinquent balances of principal and interest have been settled, and the borrower remains current for an appropriate period. The outstanding balance of nonaccrual loans as of December 31, 2016 and 2015 were US$3,313and US$2,024.

A summary of the Company’s loans receivables is presented as follows:

	As of December 31, 2015		As of December 31, 2016
	US$’000		US$’000
Personal loans		325,995		62,510
Total Loans receivable		325,995		62,510

Allowance for loan losses
Individually assessed		577		541
Collectively assessed		3,079		3,195
Loans receivable, net		322,339		58,774

Current portion		266,990		41,966
Non-current portion		55,349		16,808

For the years ended December 31, 2014, 2015 and 2016, a provision of nil, US$3,656 and 3,736, respectively, were charged to the consolidated statements of comprehensive income (loss), respectively, while no charge-offs against provisions occurred.

Analysis of loans by credit quality indicator

The following table summarizes the Company’s loan portfolio by credit quality indicator as of December 31, 2016 and 2015, respectively:

Internal credit risk rating	As of December 31, 2015		%		As of December 31, 2016		%
	US$				US$
Pass		323,129		99.1		59,196		94.7
Special attention		1,266		0.4		1,158		1.9
Non-performing		1,600		0.5		2,156		3.4

Total		325,995		100		62,510		100

On December 31, 2015 and 2016, non-performing loans of US$1,600 and US$2,156, were not provided for as they were secured by collateral of US$1,204 and nil, respectively.

The following tables represent the aging of loans by portfolio segment as of December 31, 2015 and 2016, respectively:

	90-179 days		180-365 days		Over 1year
As of December 31,2016	past due		past due		past due		Total		Current		Total loans
	US$’000		US$’000		US$’000		US$’000		US$’000		US$’000
Personal loans		593		1,390		1,206		3,189		45,224		62,510

Total		593		1,390		1,206		3,189		45,224		62,510

	90-179 days		180-365 days		Over 1year
As of December 31,2015	past due		past due		past due		Total		Current		Total loans
	US$’000		US$’000		US$’000		US$’000		US$’000		US$’000
Personal loans		320		356		924		1,600		324,395		325,995

Total		320		356		924		1,600		324,395		325,995

Allowance for loan losses

The following tables present the activity in the allowance for loan losses in loans receivable by loan portfolio as of and for the year ended December 31, 2014, 2015 and 2016, respectively:

For the year ended December 31, 2016	Personal		Total
Beginning balance		3,656		3,656
Provision		80		80
Write offs		-		-
Ending balance		3,736		3,736
Ending balance: individually evaluated for impairment		541		541
Ending balance: collectively evaluated for impairment		3,195		3,195
Loans
Of which individually evaluated for impairment		4,570		4,570
Of which collectively evaluated for impairment		57,940		57,940

For the year ended December 31, 2015	Personal		Total
Beginning balance		-		-
Provision		3,656		3,656
Write offs		-		-
Ending balance		3,656		3,656
Ending balance: individually evaluated for impairment		577		577
Ending balance: collectively evaluated for impairment		3,079		3,079
Loans
Of which individually evaluated for impairment		13,956		13,956
Of which collectively evaluated for impairment		312,039		312,039

- 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.

+ References + Details

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

8.	PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following:

	As of December 31,
	2015		2016
	US$		US$

Buildings		281,801		263,392
Office equipment		35,751		40,288
Motor vehicles		1,833		1,531
Leasehold improvement		13,445		21,627
Land		37,421		37,421

Total		370,251		364,259
Less: Accumulated depreciation		(44,216)		(62,759)

Construction in progress		469		18,397

		326,504		319,897

Depreciation expenses were US$11,624, US$14,668 and US$25,004 for the years ended December 31, 2014, 2015 and 2016, respectively.

The Company is still in the process of obtaining the property ownership certificates for certain buildings with aggregate net carrying values of US$29,727. Subsequent to December 31, 2016, the Company obtained property ownership certificates for certain buildings amounting to US$13,770. As the transfer of ownership of the buildings have been legally registered with the applicable government authority and the purchase consideration has been fully paid by the Company, the Company has the ability to obtain and control the future economic benefits of the buildings. As a result, these buildings were recognized as assets in the consolidated balance sheets as of December 31, 2015 and 2016.

SHORT-TERM AND LONG-TERM LOANS

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

SHORT-TERM AND LONG-TERM LOANS

11.

SHORT-TERM AND LONG-TERM LOANS

Short-term and long-term loans consisted of the following:

	As of December 31,
	2015		2016
	US$		US$

Short-term loans		100,000		212,734

Long-term loans		-		65,190

Short-term loans as of December 31, 2015 and 2016 represents US$ denominated bank borrowings of US$100,000 and US$190,000, respectively, obtained from financial institutions in the United States. These bank borrowings were secured by RMB denominated bank deposits placed with financial institutions in the PRC of US$103,179 and US$209,642 as of December 31, 2015 and 2016, respectively, and were classified as “restricted cash, current” on the consolidated balance sheets. The short-term bank borrowings are repayable on demand and bear interest rates of three month London InterBank Offered Rate (“LIBOR”) plus 0.9% to 1.05% (2015: LIBOR plus 1.0%). During the year ended December 31, 2016, US$100,000 of short-term loans were repaid and the related pledged deposits amounting to US$103,179 were released by the respective financial institutions.

The weighted average interest rate for all short-term borrowings for the years ended December 31, 2015 and 2016 was approximately 1.4% and 1.92%, respectively.

Long-term bank loans as of December 31, 2016 represents bank borrowings from financial institutions in China for the purchase of a building in Beijing, PRC. The Company borrowed a total of US$87,920. US$22,730 of the bank loans were re-classified to short term loans because i) US$13,420 were repayable on demand as the Company did not meet certain loan covenants, and ii) US$9,310 is repayable within twelve months.

ACCRUED EXPENSES AND OTHER LIABILITIES

12 Months Ended

Dec. 31, 2016

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER LIABILITIES

12.

ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities consisted of the following:

		As of December 31,
		2015		2016
		US$		US$

Payroll and welfare benefit			37,241		18,467
Other taxes and surcharges payable	(1)		42,484		39,824
Accrued unrecognized tax benefits and related interest and penalties	Note 16		104,211		121,856
Amounts payable to employees			3,493		2,162
Amounts payable to sales and marketing agents			82,769		74,669
Accrued rental expenses			1,118		209
Amounts due to foremen and suppliers of decoration services	(2)		23,765		4,872
Amounts due to Tianxiajin investors	(3)		23,985		1,530
Down payments collected on behalf of secondary home sellers			4,452		3,116
Cash incentives payable to home buyers	(4)		14,594		14,271
Amounts payable for purchase of treasury stock	(5)		—		9,861
Others			23,481		27,702

			361,593		318,539

(1)

Other taxes and surcharges payable consist of BT, VAT, cultural construction fee (“CCF”), city construction tax (“CCT”) and withholding individual income tax (“IIT”).

(2)

Amounts due to foremen and suppliers of decoration services consist of service fees to the foremen and decoration materials cost to suppliers. In 2016, the Company gradually ceased providing decoration services.

(3)

This amount represents refundable deposits due to Tianxiajin investors. In 2016, the Company gradually ceased providing such services through its online financing platform.

(4)

Cash incentives payable to home buyers, are payable when home buyers successfully purchase new properties through the Company’s platform and successfully registers on the Company’s website.

(5)

This amount represents the purchase of treasury stock. The balance was subsequently settled in January 2017.

CONVERTIBLE SENIOR NOTES

12 Months Ended

Dec. 31, 2016

CONVERTIBLE SENIOR NOTES [Abstract]

CONVERTIBLE SENIOR NOTES

14.

CONVERTIBLE SENIOR NOTES

On December 4, 2013, the Company issued US$400,000, including an US$50,000 overallotment option (the “Overallotment Option”) which was exercised on January 3, 2014, of convertible senior notes which will mature on December 15, 2018 (collectively the “December 2018 Notes”). The total net proceeds from the December 2018 Notes were US$390,455. The investors may convert the December 2018 Notes to Class A ordinary shares at any time in whole or in part at specified conversion prices. The conversion rate for the December 2018 Notes is initially 9.6839 ADSs per US$1,000 principal amount of notes (equivalent to an initial conversion price of approximately US$103.26 per ADS), subject to adjustment as described in the respective Subscription Agreement.

Investors of the December 2018 Notes had the right to require the Company to repurchase for cash all or part of their notes on December 15, 2016, and this was exercised accordingly. The Company repurchased a total of US$394,300 of the Notes, which represents approximately 98.6% of the outstanding principal amount of the Notes prior to such repurchase. The remaining balance of US$570 were reclassified to convertible senior notes-noncurrent, as it is repayable on December 15, 2018.

On September 24, 2015, the Company issued (i) 3,418,803 Class A ordinary shares for US$100,000 and (ii) US$100,000 of convertible notes which will mature on September 24, 2022 (the “September 2022 Notes”) to Safari Group. The Safari Group is beneficially owned by the Carlyle Group (“Carlyle”) (72%) and Ateefa Limited, a company owned by Vincent Tianquan Mo (28%). A representative of Carlyle is entitled to hold a seat on the Company’s board of directors so long as Carlyle continues to beneficially own at least 1% of the Company’s total outstanding share capital calculated on a fully-diluted basis. The total net proceeds from the Class A ordinary shares and the September 2022 Notes were US$199,645. The investors may convert the September 2022 Notes to Class A ordinary shares at any time in whole or in part at specified conversion prices. The conversion rate for the September 2022 Notes is initially 27.9086 Class A Shares per US$1,000 principal amount of the Note (equivalent to an initial conversion price of approximately US$35.83 per Class A Share), subject to adjustment as described in the respective Subscription Agreement.

On November 4, 2015, the Company issued (i) an aggregate of 8,436,581 Class A shares for an total consideration of US$246,770 and (ii) US$200,000 of convertible notes which will mature on November 3, 2022 (the “November 2022 Notes”). The total net proceeds from the Class A ordinary shares and the November 2022 Notes were US$446,059. The investors may convert the November 2022 Notes to Class A ordinary shares at any time in whole or in part at specified conversion prices. The conversion rate for the November 2022 Notes is initially 27.9086 Class A Shares, representing Class A ordinary shares at par value HK$1.00 per share, per US$1,000 principal amount of the Note (equivalent to an initial conversion price of approximately US$35.83 per Class A Share), subject to adjustment as described in the respective Subscription Agreement.

The December 2018 Notes, the September 2022 Notes and the December 2022 Notes bear interest at the rate of 2.00%, 1.50% and 1.50% per annum, respectively, payable semi-annually. The December 2018 Notes, September 2022 Notes and November 2022 Notes are collectively referred to as the “Notes”.

The Company intends to use the proceeds of the Notes for general corporate purposes, including development of new products and services, working capital, capital expenditures, business expansion and potential business acquisitions, technologies and/or products.

The Notes are senior unsecured obligations and rank (i) senior in right of payment to any of the Company’s indebtedness that is expressly subordinated in right of payment to the Notes; (ii) equal in right of payment to any of the Company’s unsecured indebtedness that is not so subordinated; (iii) effectively junior in right of payment to any of the Company’s secured indebtedness to the extent of the value of the assets securing such indebtedness; and (iv) structurally junior to all indebtedness and other liabilities of the subsidiaries or consolidated controlled entities of the Company.

We adopted ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts on a retrospective basis starting from 2016 and a retrospective adjustment was made for the consolidated balance sheet as of December 31, 2015. The issuance costs were previously presented as non-current asset and currently presented as a direct deduction from the principal amount of the Notes on the consolidated balance sheets as of December 31, 2016. The impact of the adoption of ASU 2015-03 for each year presented was insignificant.

The issuance costs of US$9,545, US$355 and US$711 of the December 2018 Notes, the September 2022 Notes and the November 2022 Notes, respectively, were amortized as interest expense using the effective interest rate method through the maturity date of the respective Notes.

The principal amount and unamortized discount and debt issuance costs as of December 31, 2015 and 2016 were as follows:

	As of December 31,
	2015		2016
	US$		US$
Principal amount		700,000		305,700
Unamortized discount and debt issuance costs		(15,397)		(10,432)

		684,603		295,268

The effective interest rate was 2.86%, 1.56% and 1.56% for the December 2018 Notes, the September 2022 Notes and the November 2022 Notes, respectively. For the years ended December 31, 2014, 2015 and 2016, the Company recognized interest expense related to the Notes of US$8,111, US$8,904 and US$17,001, respectively.

Accounting treatment

The Notes were originally recorded as long-term debt. The Company evaluated the embedded conversion features contained in the Notes in accordance with ASC 815-40-15 and ASC 815-40-25-7 to ASC 815-40-25-35 to determine if the conversion options require bifurcation.

The conversion option was not required to be bifurcated because the conversion options of the December 2018 Notes and the September 2022 Notes are indexed to the Company’s ADSs and Class A ordinary shares, respectively, and meet all additional conditions for equity classification. Since the conversion options were not required to be bifurcated, the Company then determined if there were any beneficial conversion features (“BCF”) in accordance with ASC 470-20. The Company assessed the embedded conversion option feature of the December 2018 Notes and the September 2022 Notes and concluded that there is no BCF because the effective conversion price of the December 2018 Notes and the September 2022 Notes exceeded the fair value of the Company’s ADSs and Class A ordinary shares at their respective commitment dates. For the November 2022 Notes, the Company recognized a BCF of US$12,113 through a credit to additional paid-in capital because the fair value per Class A ordinary share of US$38.00 exceeded the most favorable conversion price of US$35.83 at the commitment date on November 4, 2015. The resulting discount of US$12,113 to the November 2022 Notes is then accreted to the redemption value as interest expense using the effective interest method through the consolidated statements of comprehensive income (loss) over the term of the November 2022 Notes.

In connection with the make-whole fundamental change provision within the Notes agreements, the number of ADSs and Class A ordinary shares issuable upon conversion of the Notes will be increased if the Holders decide to convert. As (i) the fair value of the ADSs into which the December 2018 Notes is convertible plus the make-whole ADSs and (ii) the fair value of the Class A ordinary shares into which the September 2022 Notes and the November 2022 Notes are convertible plus the make-whole Class A ordinary shares, respectively, do not approximate the fair value at the settlement date, the make-whole features are not indexed to the Company’s ADSs for the December 2018 Notes and Class A ordinary shares for the September 2022 and the November 2022 Notes, and are required to be bifurcated. The fair values of the make-whole features were insignificant for the years ended December 31, 2014, 2015 and 2016.

The Company evaluated the embedded contingent redemption features contained in the Notes in accordance with ASC 815. The contingent redemption features were not required to be bifurcated because they are considered to be clearly and closely related to the debt host, as the Notes were not issued at a substantial discount and are puttable at par.

The Company evaluated the contingent interest features contained in the Notes in accordance with ASC 815 to determine if these features require bifurcation. Certain embedded contingent interest features are not considered to be clearly and closely related to the debt host and met the definition of a derivative. Accordingly, these embedded contingent interest features were bifurcated from the Notes on the issuance date, and their fair values were insignificant for the years ended December 31, 2014, 2015 and 2016. For the embedded contingent interest features not bifurcated from the December 2018 Notes, the September 2022 Notes and the November 2022 Notes, the Company determined whether the additional interest payments need to be accrued as a liability in accordance with ASC 450. Since the likelihood of occurrence of such default events is remote, the Company determined that a liability was not probable and no accrual was made as of December 31, 2015 and 2016. The Company will continue to assess the accrual for these additional interest payment liabilities at each reporting date.

As of December 31, 2016, aggregate future principal payments for long-term debt, including short-term and long-term loans (Note 11) were as follows:

	US$

2017		212,734
2018		13,150
2019		7,450
2020		7,450
2021 and thereafter		342,839

		583,623

SHAREHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

SHAREHOLDERS' EQUITY

15.

SHAREHOLDERS’ EQUITY

Ordinary Shares

Upon completion of the Company’s initial public offering (“IPO”) in September 2010, the Company’s ordinary shares were converted into 50,767,426 Class A ordinary shares and 25,298,329 Class B ordinary shares. The Memorandum and Articles of Association were amended and restated such that the authorized share capital consisted of 600,000,000 ordinary shares at a par value of HK$1.00 per share.

In 2015, the Company completed various follow-on offerings which resulted in 70,736,679 Class A ordinary shares issued and outstanding as of December 31, 2015.

The rights of the holders of Class A and Class B ordinary shares are identical, except with respect to voting rights. Each Class A ordinary share is entitled to one vote per share whereas each Class B ordinary share is entitled to 10 votes per share. Each Class B ordinary share is convertible into one Class A ordinary share at any time by its holder, but Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Upon any transfer of Class B ordinary shares by a Class B ordinary shareholder to any person or entity which is not an affiliate of such holder, such Class B ordinary shares will be automatically and immediately converted into the equal number of Class A ordinary shares.

No class B ordinary shares were converted into Class A ordinary shares for the years ended December 31, 2014, 2015 and 2016.

Treasury stock

Treasury stock represents shares repurchased and held by the Company. Treasury stock is accounted for under the cost method. On February 25, 2016, the board of directors approved a plan to repurchase ADS amounting to US$200,000 on the open market within a year. As of December 31, 2016, under the repurchase plan, the Company had repurchased an aggregate of 7,065,058 Class A ordinary shares on the open market for a total cash consideration of US$136,615. The repurchased shares are classified as “treasury stock” in shareholders’ equity on the Company’s consolidated balance sheets.

Restricted net assets

The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by the Company’s PRC subsidiaries only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of the Company’s PRC subsidiaries. On February 10, 2015, the Company’s board of directors declared the distribution of dividends to the Company’s ordinary shareholders in the amount of US$82,751. As of December 31, 2015, all dividends declared had been paid.

In accordance with the PRC Regulations on Enterprises with Foreign Investment and its articles of association, a foreign invested enterprise established in the PRC is required to provide certain statutory reserves, namely general reserve fund, the enterprise expansion fund and staff welfare and bonus fund which are appropriated from net profit as reported in the enterprise’s PRC statutory accounts. A foreign invested enterprise is required to allocate at least 10% of its annual after-tax profit to the general reserve until such reserve has reached 50% of its respective registered capital based on the enterprise’s PRC statutory accounts. Appropriations to the enterprise expansion fund and staff welfare and bonus fund are at the discretion of the board of directors for all foreign invested enterprises. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. The WOFEs were established as foreign invested enterprises and therefore are subject to the above mandated restrictions on distributable profits.

Additionally, in accordance with the Company Law of the PRC, a domestic enterprise is required to provide a statutory common reserve of at least 10% of its annual after-tax profit until such reserve has reached 50% of its respective registered capital based on the enterprise’s PRC statutory accounts. A domestic enterprise is also required to provide a discretionary surplus reserve, at the discretion of the board of directors, from the profits determined in accordance with the enterprise’s PRC statutory accounts. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. The PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries were established as domestic invested enterprises and therefore are subject to the above mentioned restrictions on distributable profits.

As a result of these PRC laws and regulations that require annual appropriations of 10% of after-tax income to be set aside prior to payment of dividends as general reserve fund, the Company’s PRC subsidiaries are restricted in their ability to transfer a portion of their net assets to the Company. Amounts restricted include paid-in capital, statutory reserve funds and net assets of the Company’s PRC subsidiaries, as determined pursuant to PRC generally accepted accounting principles, totaling US$955,571 and US$742,676 as of December 31, 2015 and 2016, respectively. Therefore, in accordance with Rules 504 and 4.08(e)(3) of Regulation S-X, the condensed parent company only financial statements as of December 31, 2015 and 2016 and for each of the three years in the period ended December 31, 2016 are disclosed in Note 25.

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Section S99
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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+ Details

TAXATION

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

TAXATION

16.

TAXATION

Cayman Islands

Under the current laws of the Cayman Islands, the Company and subsidiaries incorporated in the Cayman Islands are not subject to tax on income or capital gains. In addition, upon payments of dividends by the Company to its shareholders, no Cayman Islands withholding tax will be imposed.

British Virgin Islands (“BVI”)

Under the current laws of the BVI, subsidiaries incorporated in the BVI are not subject to tax on income or capital gains. In addition, upon payments of dividends by these companies to their shareholders, no BVI withholding tax will be imposed.

Hong Kong

Under the Hong Kong tax laws, subsidiaries in Hong Kong are subject to the Hong Kong profits tax rate at 16.5% and they are exempted from income tax on their foreign-derived income and there are no withholding taxes in Hong Kong on remittance of dividends. No provision for Hong Kong profits tax has been made in the financial statements as the subsidiaries in Hong Kong have no assessable profits for the three years ended December 31, 2016.

United States of America

Subsidiaries incorporated in the United States of America do not conduct any substantive operations of their own. No provision for United States of America income tax has been made in the financial statements as these subsidiaries have no assessable income for the three years ended December 31, 2016. In addition, as these entities were in a loss position, no withholding tax on the undistributed earnings was recognized as of December 31, 2015 and 2016. In 2011, Best Work acquired a property in New York, the United States of America and claimed certain business expense deductions on its United States of America tax return. As Best Work currently has no operating activities, the respective business expense deductions may be denied by the United States of America federal and New York state tax authorities.

Singapore

A subsidiary was incorporated in Singapore in November 2014 and does not conduct any substantive operations of its own. No provision for Singapore profits tax has been made in the financial statements as this entity has no assessable profits for the three years ended December 31, 2016.

China

In March 2007, a new enterprise income tax law (the “New EIT Law”) in the PRC was enacted which became effective on January 1, 2008. The New EIT Law applies a unified 25% enterprise income tax (“EIT”) rate to both foreign invested enterprises and domestic enterprises, unless a preferential EIT rate is otherwise stipulated. On April 14, 2008, relevant governmental regulatory authorities released further qualification criteria, application procedures and assessment processes for meeting the High and New Technology Enterprise (“HNTE”) status under the New EIT Law which would entitle qualified and approved entities to a favorable EIT tax rate of 15%. In April 2009, the State Administration for Taxation (“SAT”) issued Circular Guoshuihan [2009] No. 203 (“Circular 203”) stipulating that entities which qualified for the HNTE status should apply with in-charge tax authorities to enjoy the reduced EIT rate of 15% provided under the New EIT Law starting from the year when the new HNTE certificate becomes effective. The HNTE certificate is effective for a period of three years and can be renewed for another three years. Subsequently, an entity needs to re-apply for the HNTE status in order to be able to enjoy the preferential tax rate of 15%.

The Company obtained new HNTE certificates for its various subsidiaries i.e. SouFun Media, Beijing Zhong Zhi Shi Zheng, SouFun Network, Beijing Technology, Beijing JTX Technology and Hong An Tu Sheng in November 2015. Therefore, these six subsidiaries can enjoy the preferential tax rate of 15% in years 2015, 2016 and 2017. Although Hong An Tu Sheng obtained the HNTE certificate, it is entitled to the preferential tax rate of 12.5% in 2015 as it had previously obtained the Software Enterprise status, which entitles it to a “two-year exemption, three-year 50% reduction” holiday beginning January 1, 2011. The Company newly applied for the HNTE status for Beijing Tuoshi in 2016 and received the new HNTE certificates in December 2016. Beijing Tuoshi can enjoy the preferential tax rate of 15% in years 2016, 2017 and 2018.

If any entities fail to maintain the HNTE qualification under the New EIT Law, they will no longer qualify for the preferential tax rate of 15%, which could have a material and adverse effect on the Company’s results of operations and financial position provided that they do not qualify for any other preferential tax treatment. Historically, the abovementioned PRC subsidiaries have successfully obtained or renewed the HNTE certificates when the previous certificates had expired.

Subsequent to government approval in May 2014, Beijing Li Man Wan Jia, Beijing Zhong Zhi Xun Bo and Beijing Hua Ju Tian Xia obtained the Software Enterprise status with effect from January 1, 2013. Accordingly, these three subsidiaries are entitled to the two-year EIT exemption for years 2013 and 2014 and a reduced EIT rate of 12.5% for years 2015, 2016 and 2017.

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 EIT at the rate of 25% on its worldwide income for the period after January 1, 2008. As of December 31, 2016, the Company had not accrued for PRC tax on such basis. The Company will continue to monitor its tax status.

Income (loss) before income taxes consisted of:

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$
PRC		365,370		(5,008)		(136,773)
Non-PRC		(30,544)		(16,030)		(7,878)

		334,826		(21,038)		(144,651)

Income tax expenses (benefits) comprised:

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$
Current tax expense		54,270		26,456		27,685
Deferred tax expense (benefit)		27,339		(32,361)		(2,701)

		81,609		(5,905)		24,984

A reconciliation between the amount of income tax expenses (benefits) and the amount computed by applying the PRC statutory tax rate to income (loss) before income taxes was as follows:

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$
Income (loss) before income taxes		334,826		(21,038)		(144,651)
Income tax at applicable tax rate of 25%		83,707		(5,260)		(36,163)
Effect of international tax rate differences		4,208		847		(598)
Non-deductible expenses		10,337		2,145		18,891
Effect of tax holidays or preferential tax rates		(54,757)		(5,985)		(5,759)
Effect of tax rate changes		(4,769)		-		-
Investment basis difference in the PRC Domestic Entities		3,884		(335)		(2,757)
Withholding tax		23,164		(30,578)		-
Research and development super-deduction		(2,284)		(1,667)		-
Changes in valuation allowance		(82)		28,041		30,856
Unrecognized tax benefits		393		(8,133)		-
Changes in interest and penalties on unrecognized tax benefits		17,808		15,020		15,270

		81,609		(5,905)		24,984

A roll-forward of unrecognized tax benefits, exclusive of related interest and penalties, was as follows:

	As of December 31,

	2014		2015		2016
	US$		US$		US$

Balance at beginning of year		24,756		50,983		70,296
Increase relating to prior year tax positions		26,307		32,227		5,070
Increase relating to current year tax positions		-		5,124		4,769
Decrease relating to reversal of prior years’ tax position		-		(14,059)		-
Decrease relating to expiration of applicable statute of limitations		-		(1,787)		-
Foreign currency translation adjustments		(80)		(2,192)		(1,202)

Balance at end of year		50,983		70,296		78,933

As of December 31, 2015 and 2016, the Company had recorded US$104,211 and US$121,856 as an accrual for unrecognized tax benefits and related interest and penalties, respectively, which is included in the account of “accrued expenses and other liabilities”. As of December 31, 2015 and 2016, unrecognized tax benefits of US$61,770 and US$67,346, respectively, would impact the effective tax rate if recognized. The final outcome of the tax uncertainty is dependent upon various matters including tax examinations, interpretation of tax laws or expiration of statute of limitations. However, due to the uncertainties associated with the status of examinations, including the protocols of finalizing audits by the relevant tax authorities, there is a high degree of uncertainty regarding the future cash outflows associated with these tax uncertainties. The amount of unrecognized tax benefits may change in the next twelve months, pending clarification of current tax law or audit by the tax authorities. However, a reliable estimate of the range of the possible change cannot be made at this time.

For the years ended December 31, 2014, 2015, and 2016, the Company recognized US$17,808, US$15,020 and US$15,270 in income tax expenses for interest and penalties related to uncertain tax positions. Accrued interest and penalties related to unrecognized tax benefits were US$42,441 and US$54,510 as of December 31, 2015 and 2016, respectively.

The Company’s PRC entities have been subject to the New EIT Law since January 1, 2008. The PRC tax authorities, US tax authorities and Hong Kong tax authorities have up to five years, three years and six years, respectively, to conduct examinations of the Company’s tax filings. Accordingly, the PRC subsidiaries’ tax years 2012 through 2016, the US subsidiaries’ tax years 2014 through 2016 and the Hong Kong subsidiaries’ tax years 2011 through 2016 remain open to examination by the respective taxing jurisdictions.

The aggregate amount and per share effect of tax holidays and preferential tax rates were as follows:

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$

The aggregate amount		(54,757)		(5,985)		(5,759)
The aggregate effect on basic and diluted earnings per share for Class A and Class B ordinary shares:
-Basic		0.67		0.07		0.06
-Diluted		0.59		0.07		0.06

The components of deferred taxes were as follows:

	As of December 31,
	2015		2016
	US$		US$

Deferred tax assets
Net operating losses		34,807		63,084
Impairment of funds receivable		-		348
Impairment of loans receivable		-		65
Overcharged advertising and promotion fee		-		90
Share based compensation		4,263		5,351
Less: Valuation allowance		(33,580)		(64,166)

Total deferred tax assets, net		5,490		4,915

Deferred tax liabilities
Investment basis in the PRC entities		(62,224)		(57,413)
BaoAn Acquisition – Property		(14,407)		(13,011)

Deferred tax liabilities		(76,631)		(70,424)

As of December 31, 2016, the Company had net operating losses from several of its PRC entities of US1,325, which can be carried forward to offset future taxable profit. The net operating loss carryforwards as of December 31, 2016 will expire in years 2017 to 2021 if not utilized.

Deferred tax liabilities arising from undistributed earnings

As of December 31, 2015 and 2016, a portion of the aggregate undistributed earnings of the PRC subsidiaries that were available for distribution to non-PRC parent companies was not considered to be indefinitely reinvested under ASC 740-30, “Income Taxes: Other Consideration or Special Areas”. In accordance with the New EIT Law, a withholding income tax will be imposed on the PRC subsidiaries when dividends are distributed to their non-PRC parent companies. The withholding tax rate is 10% unless a foreign investor’s tax jurisdiction has a tax treaty with the PRC that provides for a lower withholding tax rate and the foreign investor is recognized as the beneficial owner of the income under the relevant tax rules. Deferred tax liabilities amounting to US$28,716 and US$28,716 were provided for the withholding tax of the PRC entities as of December 31, 2015 and 2016, respectively.

The deferred tax liabilities arising from the aggregate undistributed earnings of the PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries that are available for distribution to the PRC tax resident parent companies, that is, the WOFEs, amounted to US$33,508 and US$29,297 as of December 31, 2015 and 2016, respectively.

As of December 31, 2015 and 2016, the Company did not provide for deferred tax liabilities and foreign withholding taxes on certain undistributed earnings of its PRC subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries that were available for distribution to non-PRC parent companies on the basis of its intent to permanently reinvest these foreign subsidiaries’ earnings. The cumulative amount of such temporary difference was US$475,620 and US$309,641 as of December 31, 2015 and 2016, respectively. The amount of the unrecognized deferred tax liability for temporary differences related to investments in PRC subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries that are essentially permanent in duration was US$47,562 and US$30,964 as of December 31, 2015 and 2016, respectively.

SHARE-BASED PAYMENTS

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

SHARE-BASED PAYMENTS

17.

SHARE-BASED PAYMENTS

Stock related award incentive plan of 1999

On September 1, 1999, the Company’s shareholders approved the 1999 Stock Related Award Incentive Plan (the “1999 Plan”). Under the 1999 Plan, the Company may issue up to 12% of the fully diluted ordinary shares of the Company to its directors and employees. The purpose of the 1999 Plan is to provide additional incentive and motivation to its directors and employees, through an equity interest in the Company, to work towards increasing the value of the Company. The 1999 Plan provides for accelerated vesting, subject to certain conditions, if there is a change in control. The 1999 Plan has no stated expiry date.

The exercise price, vesting and other conditions of individual awards are determined by the executive chairman of the board of directors. The awards are typically subject to a three-year to a four-year service vesting condition and expire 10 or 15 years after the grant date. In addition, the grantee must return all awards and any proceeds from the sale of the awards if he/she violates certain provisions including a non-compete condition for a period of 2 years after cessation of employment with the Company. The non-compete condition does not give rise to an in-substance service condition.

Starting from December 31, 2006, the Company awarded Special Stock Options to its employees and directors. Terms for Special Stock Options are the same as other option grants except the underlying ordinary shares to be received upon exercise of the vested options do not have any entitlement to vote. Every two Special Stock Options is exercisable into one Class A ordinary share. The Special Stock Options have been accounted for as equity awards and measured at the date on which the terms of the grant was communicated to the grantee. These Special Stock Options vest 10% after the first year of service, 20% after the second year of service, 40% after the third year of service and 30% after the fourth year of service. The contractual life of the Special Stock Option is ten years from the date of grant.

Stock related award incentive plan of 2010

On August 4, 2010, the Company’s board of directors and shareholders approved the 2010 Stock Related Award Incentive Plan (the “2010 Plan”). Under the 2010 Plan, the Company may issue up to 10% of the total number of ordinary shares, including ordinary shares issuable upon conversion of any preferred shares to its directors and employees. The purpose of the 2010 Plan was to recognize and acknowledge the contributions made to the Company by eligible employees and to promote the success of the Company’s business. The 2010 Plan allows the board of directors, or its designated committee, to establish the performance criteria when granting stock options on the basis of any one of, or combination of, increase in share price, earnings per share, total shareholder return, return on equity, return on assets, return on investment, net operating income, cash flow, revenue, economic value added, personal management objectives, or other measures of performance selected by the Company’s board of directors, or its designated committee. Partial achievement of the specified criteria may result in a vesting corresponding to the degree of achievement as specified in the detail rules.

The exercise price, vesting and other conditions of individual awards are determined by the executive chairman of the board of directors, except for awards to officers which are determined by the board of directors or the compensation committee. The awards are typically subject to a four-year service vesting condition and multiple performance conditions with a contractual life of ten years. In addition, the grantee must return all awards and any proceeds from the sale of the awards if he/she violates certain provisions.

Stock related award incentive plan of 2015

On June 4, 2015, the Company’s board of directors and shareholders approved the 2015 Stock Related Award Incentive Plan (the “2015 Plan”). Under the 2015 Plan, the Company may issue up to 1.5% of the total number of ordinary shares, including ordinary shares issuable upon conversion of any preferred shares to its directors and employees. The purpose of the 2015 Plan was to recognize and acknowledge the contributions made to the Company by eligible employees and to promote the success of the Company’s business. The 2015 Plan allows the board of directors, or its designated committee, to establish the performance criteria when granting stock options on the basis of any one of, or combination of, increase in share price, earnings per share, total shareholder return, return on equity, return on assets, return on investment, net operating income, cash flow, revenue, economic value added, personal management objectives, or other measures of performance selected by the Company’s board of directors, or its designated committee. Partial achievement of the specified criteria may result in a vesting corresponding to the degree of achievement as specified in the detail rules.

A summary of the equity award activity under the 1999 Plan, 2010 Plan and 2015 Plan for the year ended December 31, 2016 was stated below:

							Weighted
			Weighted-		Weighted-		Average
			Average per		Average		Remaining
			Share		Grant-date		Contractual			Aggregate
Options Granted to Employees	Number of		Exercise		Fair Value		Term			Intrinsic
and Directors	Shares (*)		Price		per Share		(Years)			Value

Outstanding, December 31, 2015		8,240,623		13.80		4.21		5.98	US$	190,761
Granted		2,738,200		21.02		10.52
Forfeited		(527,191)		27.33		9.41
Expired		(282,798)		8.10		2.50
Exercised		(363,417)		10.44		3.77
Outstanding, December 31, 2016		9,805,417		15.38		5.77		6.20	US$	10,011
Vested and expected to vest at December 31, 2016		9,805,417		15.38		5.77		6.20	US$	10,011
Exercisable at December 31, 2016		7,283,716		13.61		4.22		5.04	US$	20,328

The aggregate intrinsic value in the table above represents the difference between the fair value of the Company’s ordinary share at December 31, 2016 and the exercise price.

The weighted average grant-date fair value per share of options granted for the year ended December 31, 2016 was US$10.52. Total options granted for the years ended December 31, 2015 and 2016 were 2,263,092 and 2,738,200. Total intrinsic value of options exercised for the years ended December 31, 2014, 2015 and 2016 was US$45,826, US$12,853 and US$10,011, respectively.

As of December 31, 2016, there was US$24,968 of unrecognized share-based compensation cost related to equity awards that are expected to be recognized over a weighted-average vesting period of 3.23 years. To the extent the actual forfeiture rate is different from the original estimate, actual share-based compensation costs related to these awards may be different from the expectation.

The fair value for stock options granted during the year ended December 31, 2016 under the 2015 Plan was estimated using the Black-Scholes option pricing model. The volatility assumption was estimated based on the price volatility of the shares of the Company and comparable companies in the internet media business. The expected term was estimated based on the resulting output of the Black-Scholes option pricing model. The risk-free rates were based on the market yield of US Treasury Bonds and Notes with maturity terms equal to the expected term of the option awards. Forfeitures were estimated based on historical experience. The dividend yield of nil are based on the Company’s estimated dividend distribution for the stock options granted during the year ended December 31, 2016.

The assumptions used to estimate the fair values of the share options granted were as follows:

	For the Years Ended
	December 31,
	2016

Risk-free interest rate		1.97% to 2.23%
Dividend yield		nil
Expected volatility range		49.66% to 50.18%
Weighted average expected life		6.35 years
Estimated forfeiture rate		-
Fair value of ordinary share		US$6.85 to US$7.60

Total share-based compensation expense of share-based awards granted to employees and directors was as follows:

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$

Cost of revenues		782		471		443
Selling expenses		1,122		446		512
General and administrative expenses		2,778		3,485		5,597

		4,682		4,402		6,552

- 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.

+ References + Details

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2016

RELATED PARTY TRANSACTIONS

18.

RELATED PARTY TRANSACTIONS

Related Parties

Name of Related Parties		Relationship with the Company

Vincent Tianquan Mo		Executive chairman of the board of directors and chief executive officer

Richard Jiangong Dai		Director of the board up until February 25, 2016

Wall Street Global Training Center, Inc.		A company under the control of Vincent Tianquan Mo and two other independent directors

Beihai Silver Beach 1 Hotel and Property Management Company, Ltd. (“Beihai Silver Beach”)		A company under the control of Vincent Tianquan Mo

Che Tian Xia Company Ltd.		A company under the control of Vincent Tianquan Mo and Richard Jiangong Dai

Guangxi Wharton International Hotel ("Guangxi Wharton")		A company under the control of Vincent Tianquan Mo

Research Center on Natural Conservation, Inc. ("Research Center")		A company under the control of Vincent Tianquan Mo

Upsky Long Island Hotel LLC ("Upsky Long Island")		A company under the control of Vincent Tianquan Mo

Upsky San Francisco Airport Hotel LLC (formerly known as "Crowne Plaza San Francisco-International Airport") ("Upsky San Francisco")		A company under the control of Vincent Tianquan Mo

Upsky Lighthouse Hotel LLC ("Upsky Lighthouse")		A company under the control of Vincent Tianquan Mo

Nanning Xuyin Business Co., Ltd. (“Nanning Xuyin”)		A company under the control of Vincent Tianquan Mo

New York Military Academy		A company of which Vincent Tianquan Mo is a director

The Company had the following related party transactions for the years ended December 31, 2014, 2015 and 2016:

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$

Office building leased from:
-Vincent Tianquan Mo		174		169		154
Management fee incurred:
-Beihai Silver Beach		700		470		421
Hotel service fee incurred:
- Beihai Silver Beach		-		-		113
- Upsky San Francisco		7		20		17
- Upsky Lighthouse		-		1		-
- Upsky Long Island		203		116		81
Training fee incurred
- New York Military Academy		-		-		111

Free rental space to Wall Street Global Training Center, Inc.

Starting from 2011, the Company provided Wall Street Global Training Center, Inc. with office space of approximately 220 square feet in the Company’s building located in New York City, United States of America, free of charge. The estimated fair value of the free office space was insignificant for each of the years ended December 31, 2014, 2015 and 2016.

Office building leased from Vincent Tianquan Mo

The Company entered into an agreement with Vincent Tianquan Mo to lease a building owned by him for a 10-year period for nil consideration starting from March 1, 2012. The deemed rental expense of US$174, US$169 and US$154 and the corresponding shareholder contribution were included in the consolidated financial statements for the years ended December 31, 2014, 2015 and 2016, respectively.

Management service provided by Beihai Silver Beach

On April 1, 2013, the Company and Beihai Silver Beach entered into a contract, pursuant to which Beihai Silver Beach was engaged to manage the hotel and office leasing operations owned by the BaoAn Entities for ten years. The management fees incurred for the years ended December 31, 2014, 2015 and 2016 were US$700, US$470 and US$421, respectively.

Hotel service fee

For the year ended December 31, 2014, Upsky San Francisco and Upsky Long Island provided hotel accommodation to the Company amounting to US$7 and US$203, respectively. For the year ended December 31, 2015, Upsky San Francisco, Upsky Long Island and Upsky Lighthouse provided hotel accommodation to the Company amounting to US$20, US$116 and US$1, respectively. In the year ended December 31, 2016, Upsky San Francisco, Upsky Long Island and Beihai Silver Beach provided hotel accommodation to the Company amounting to US$17, US$81and US$113.

Training service fee

In the year ended December 31, 2016, New York Military Academy, a company of which Vincent Tianquan Mo is a director, provided training service to the Company amounting to US$111.

Use of domain name of Che Tian Xia Company Ltd.

In April 2013, the Company entered into a contract with Che Tian Xia Company Ltd. to use the latter’s domain name www.youtx.com for five years at nil consideration.

Nanning Xuyin holds shares of Guilin Bank Co., Ltd (“Guilin Bank”)

As of December 31, 2015, Nanning Xuyin, which is 80% owned by Vincent Tianquan Mo, held 73,430,061 shares of Guilin Bank that were pledged by a third-party for its overdue receivables to the Company through an entrustment agreement. In 2016, 30,595,859 shares of Gulin Bank have been transferred to the Company from Naning Xuying.

Acquisition of Beijing Gutianxia Information Co., Ltd (“Gutianxia”)

The company has engaged Gutianxia to enter into pledged agreements on behalf of the Company with certain real estate developers, who provide individual properties as collateral of accounts receivable. On December 30, 2016, Beijing Fang Network Technology Co., Ltd, one of the wholly owned subsidiaries of the Company entered into various VIE agreements with its legal shareholders, i.e. Vincent Tianquan Mo and Richard Jiangong Dai and obtained control over Gutianxia for zero consideration as the fair value of acquired assets and liabilities of the Gutianxia is not material.

The Company had the following related party balances as of December 31, 2015 and 2016:

	As of December 31,
	2015		2016
	US$		US$
Amounts due from a related party:
- Beihai Silver Beach		262		197

The balances as of December 31, 2015 and 2016 represented outstanding management fees which were unsecured and interest-free.

EMPLOYEE DEFINED CONTRIBUTION PLAN

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

EMPLOYEE DEFINED CONTRIBUTION PLAN

19.

EMPLOYEE DEFINED CONTRIBUTION PLAN

Full time employees of the Company in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, employee housing fund and other welfare benefits are provided to employees. Chinese labor regulations require that the PRC subsidiaries of the Company make contributions to the government for these benefits based on certain percentages of the employees’ salaries. The Company has no legal obligation for the benefits beyond the contributions made. The total amounts for such employee benefits, which were expensed as incurred, were US$19,632, US$46,861 and US$79,676 for the years ended December 31, 2014, 2015 and 2016, respectively.

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

20.

COMMITMENTS AND CONTINGENCIES

Operating lease commitments

As of December 31, 2016, the Company had future minimum lease payments under non-cancellable operating leases with initial terms in excess of one year as follows:

	US$

2017		70,851
2018		33,850
2019		8,505
2020		3,873
2021 and thereafter		574

		117,653

Payments under operating leases are expensed on a straight-line basis over the periods of the respective leases. The Company’s lease arrangements have no renewal options, rent escalation clauses, restrictions or contingent rents and are all conducted with third parties, except for the building leased from a related party as disclosed in Note 18. For the years ended December 31, 2014, 2015 and 2016, total rental expenses for all operating leases were US$14,302, US$33,769 and US$66,330, respectively.

Income taxes

As of December 31, 2016, the Company had accrued US$121,856 for unrecognized tax benefits (Note 16). The final outcome of the tax uncertainty is dependent upon various matters including tax examinations, interpretation of tax laws or expiration of statute of limitations. However, due to the uncertainties associated with the status of examinations, including the protocols of finalizing audits by the relevant tax authorities, there is a high degree of uncertainty regarding the future cash outflows associated with these tax uncertainties. As of December 31, 2016, the Company classified the accrual for unrecognized tax benefits as a current liability.

Guarantees

In accordance with ASC 460, the Company determined that the fair value of the guarantees provided on the transferred mortgage and unsecured loans and guaranteed loans (Note 7) was insignificant as of December 31, 2016 because the potential exposure to the Company was minimal, as (i) each transferred mortgage loan and guaranteed loan was guaranteed by the borrower’s assets with a fair value substantially greater than the loan principal amounts, and (ii) each transferred unsecured loan was separately assessed by the Company based on recovery risk and the likelihood of default was considered remote. Additionally, no contingent liability was recorded as of December 31, 2016 as there were no indicators that the borrowers will default in the foreseeable future.

SEGMENT REPORTING

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

SEGMENT REPORTING

21.

SEGMENT REPORTING

In accordance with ASC 280, “Segment Reporting”, the Company’s chief operating decision maker has been identified as the executive chairman of the board of directors and chief executive officer, who makes resource allocation decisions and assesses performance based on the Company’s consolidated results. As a result, the Company has only one reportable segment.

Entity-wide disclosures

The Company’s revenues by its four product groups, including the new home product group, secondary and rental properties product group, home furnishing and improvement product group, and research product group were summarized as follows:

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$
E-commerce services:
New home		244,294		318,612		265,583
Other product groups		50		156,198		312,101

Total E-commerce service revenues		244,344		474,810		577,684

Marketing services:
New home		260,333		219,057		144,631
Secondary and rental properties		1,093		2,498		1,635
Home furnishing and improvement		33,058		28,307		19,171

Total marketing service revenues		294,484		249,862		165,437

Listing services:
Secondary and rental properties		124,172		83,972		94,507
Research		19,019		21,540		22,959
Other product groups		2,463		2,410		643

Total listing service revenues		145,654		107,922		118,109

Other value-added services
Research		15,165		21,373		25,559

Total other value-added services revenues		15,165		21,373		25,559

Financial services:
New home		2,927		20,156		22,724
Other product groups		308		9,426		6,878

Total financial service revenues		3,235		29,582		29,602

Geographic disclosures

As the Company generates substantially all of its revenues from customers domiciled in the PRC, no geographical segments are presented. All of the Company’s long-lived assets are located in the PRC except for buildings and land (i.e. including the construction in progress) with net book values of US$52,974 and US$57,414 as of December 31, 2015 and 2016, respectively, which are located in the United States of America and under construction in 2016.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

22.

EARNINGS (LOSS) PER SHARE

Basic and diluted earnings (loss) per share for each of the years presented are calculated as follows:

	For the Years Ended
	December 31,
	2014				2015				2016
	US$		US$		US$		US$		US$		US$
	Class A		Class B		Class A		Class B		Class A		Class B
Earnings (Loss) per share - basic:
Numerator:
Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share-basic		178,214		75,003		(10,783)		(4,313)		(125,531)		(44,104)
Denominator:
Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share		57,826,485		24,336,650		60,834,236		24,336,650		69,269,099		24,336,650
Denominator used for basic earnings (loss) per share		57,826,485		24,336,650		60,834,236		24,336,650		69,269,099		24,336,650
Earnings (loss) per share - basic		3.08		3.08		(0.18)		(0.18)		(1.81)		(1.81)

Earnings (loss) per share - diluted:
Numerator:
Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share		177,993		75,224		(10,783)		(4,313)		(125,531)		(44,104)
Effect of convertible senior notes		11,032		-		-		-		-		-
Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share-diluted after assumed conversion		189,025		75,224		(10,783)		(4,313)		(125,531)		(44,104)
Reallocation of net income (loss) attributable to ordinary shareholders as a result of conversion of Class B to Class A shares		75,224		-		(4,313)		-		(44,104)		-
Net income (loss) attributable to ordinary shareholders		264,249		75,224		(15,096)		(4,313)		(125,531)		(44,104)
Denominator:
Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share		57,826,486		24,336,650		60,834,236		24,336,650		69,269,099		24,336,650
Conversion of Class B to Class A ordinary shares		24,336,650		-		24,336,650		-		24,336,650		-
Employee stock options		6,106,284		1,912,500		-		-		-		-
Convertible senior notes		3,939,200		-		-		-		-		-
Denominator used for diluted earnings (loss) per share		92,208,620		26,249,150		85,170,866		24,336,650		93,605,749		24,336,650
Earnings (loss) per share -diluted		2.87		2.87		(0.18)		(0.18)		(1.81)		(1.81)

The repurchased but not retired ordinary shares are accounted as treasury stock which are not considered outstanding and excluded from the calculation of basic earnings (loss) per share since the date of repurchase.

Effects of convertible senior notes and options to purchase ordinary shares were not included in the calculation of diluted earnings (loss) per share for the year ended December 31, 2015 and 2016 because the impact of inclusion would be anti-dilutive.

In 2016, the number of securities that were not included in the calculation of diluted earnings (loss) per share because the impact of inclusion would be anti-dilutive were as follows: 5,763,088 employee stock options, 4,153,642 related to the Company’s December 2018 Notes, 2,790,860 related to the Company’s September 2022 Notes and 5,581,720 related to the Company’s November 2022 Notes. As of December 31, 2016, the conversion prices for the December 2018 Notes, the September 2022 Notes and the November 2022 Notes were US$19.62 per ADS, US$7.166 per ADS and US$7.166 per ADS, respectively, as of December 31, 2016. There is no cash conversion rate.

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

23.

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Condensed balance sheets

	As of December 31,
	2015		2016
	US$		US$

ASSETS
Current assets:
Cash and cash equivalents		427,156		34,072
Prepayments and other current assets		980		491
Amounts due from subsidiaries		21,743		-

Total current assets		449,879		34,563

Non-current assets:
Property and equipment, net		26		12
Long-term investments		46,364		54,408
Investment in subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries		1,044,465		753,117

Total non-current assets		1,090,855		807,537

Total assets		1,540,734		842,100

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:
Accrued expenses and other liabilities		2,365		11,401
Amounts due to subsidiaries and PRC Domestic Entities		-		48,301
Convertible senior notes		396,716		-

Total current liabilities		399,081		59,702

Non-current liabilities:
Convertible senior notes		287,887		295,268

Total non-current liabilities		287,887		295,268

Total liabilities		686,968		354,970

Commitments and contingencies

Shareholders’ equity:

Class A ordinary shares, par value HK$1.00 per share, 600,000,000 shares authorized for Class A and Class B in aggregate, and 70,736,679 shares and 64,012,758 shares issued and outstanding as of December 31, 2015 and 2016, respectively		9,110		9,157
Class B ordinary shares, par value HK$1.00 per share, 600,000,000 shares authorized for Class A and Class B in aggregate, and 24,336,650 shares and 24,336,650 shares issued and outstanding as of December 31, 2015 and 2016, respectively		3,124		3,124
Additional paid-in capital		478,391		488,943
Accumulated other comprehensive income (loss)		(10,364)		(81,349)
Retained earnings		373,505		203,870
Treasury stock		-		(136,615)

Total shareholders’ equity		853,766		487,130

Total liabilities and shareholders’ equity		1,540,734		842,100

Condensed statements of comprehensive income (loss)

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$

Revenues		-		-		-
Cost of revenues		-		-		-
Gross profit		-		-		-
General and administrative (expenses) income		(867)		3,023		3,610

Operating (loss) income		(867)		3,023		3,610

Equity in profits (losses) of subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries		270,241		(6,254)		(167,967)
Interest income		3,303		260		1,775
Interest expenses		(11,033)		(12,108)		(17,807)
Realized gain on available-for-sale security (including accumulated other comprehensive income reclassifications for unrealized net gain on available-for-sale security of nil, nil and 10,583 for the years ended December 31, 2014, 2015 and 2016, respectively)		-		-		10,583
Investment income		-		-		1,571
Other-than-temporary impairment on available-for-sale securities		(8,417)		-		(2,232)
Foreign exchange gain (loss)		(10)		(17)		832

Income (loss) before income taxes		253,217		(15,096)		(169,635)

Income tax expenses		-		-		-

Net income (loss)		253,217		(15,096)		(169,635)

Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		(4,323)		(55,928)		(67,728)
Amounts reclassified from accumulated other comprehensive income		-		-		(10,583)
Unrealized gain (loss) on available-for-sale securities		10,508		(4,002)		7,326

Other comprehensive income (loss), net of tax		6,185		(59,930)		(70,985)
Comprehensive income (loss)		259,402		(75,026)		(240,620)

Condensed statements of cash flows

	2014		2015		2016
	US$		US$		US$

Net cash provided by (used in) operating activities		914		(4,718)		117,398
Net cash (used in) provided by investing activities		(118,045)		(78,196)		11,575
Net cash (used in) provided by financing activities		(101,442)		489,695		(522,057)
Net (decrease) increase in cash and cash equivalents		(218,573)		406,782		(393,084)
Cash and cash equivalents at beginning of year		238,947		20,374		427,156
Cash and cash equivalents at end of year		20,374		427,156		34,072

Basis of Presentation

For the presentation of the parent company only condensed financial information, the Company records its investment in subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries which it effectively controls through contractual agreements, under the equity method of accounting as prescribed in ASC 323, “Investments-Equity Method and Joint Ventures”. Such investments are presented on the condensed balance sheets as “Investment in subsidiaries, PRC Domestic Entities, and PRC Domestic Entities’ subsidiaries” and the subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries’ profit or loss as “Equity in profits (losses) of subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries” on the condensed statements of comprehensive income (loss). The parent company only condensed financial information should be read in conjunction with the Company’s consolidated financial statements.

- 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.

+ References + Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Use of Estimates

Use of Estimates

Principles of Consolidation

Principles of Consolidation

Foreign Currency Translation and Transactions

Cash and Cash Equivalents

Cash and Cash Equivalents

Restricted Cash

Restricted Cash

Investments

Investments

All highly liquid investments with original maturities of greater than 90 days but less than 365 days are classified as short-term investments which are stated at their approximate fair value.

Accounts Receivable and Allowance for Doubtful Accounts

Accounts Receivable and Allowance for Doubtful Accounts

Funds Receivable

Funds Receivable

Commitment deposits

Commitment deposits

Loans receivable

Loans receivable

Property and Equipment, Net

Property and Equipment, Net

Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, as follows:

Category		Estimated Useful Life

Office equipment		5 years
Motor vehicles		5 years
Leasehold improvement		shorter of lease term or economic lives
Buildings		12 -38 years

Land is stated at cost and is not depreciated.

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The Company applies ASC 820 in measuring fair value. ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements.

ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

Level 1- Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2- Include other inputs that are directly or indirectly observable in the marketplace.

Level 3- Unobservable inputs which are supported by little or no market activity.

The Company measures its available-for-sale securities at fair value using quoted prices from the active markets.

Assets measured at fair value on a recurring basis as of December 31, 2015 and 2016 are summarized below.

Fair Value Measurement as of December 31, 2015

Quoted Prices

in Active

Significant

Markets for

Other

Identical

Observable

Unobservable

Fair Value at

Assets

Inputs

December 31,

(Level 1)

(Level 2)

(Level 3)

2015

US$

Available-for-sale securities

56,027

Fair Value Measurement as of December 31, 2016

Quoted Prices

in Active

Significant

Markets for

Other

Identical

Observable

Unobservable

Fair Value at

Assets

Inputs

December 31,

(Level 1)

(Level 2)

(Level 3)

2016

US$

Available-for-sale securities

51,639

Revenue Recognition

Revenue Recognition

E-Commerce Services

E-commerce service revenues consist of revenues derived from:

(1) Fang membership services

(2) Direct sales services

(3) Sublease services

	US$

2017		34,454
2018		1,357
2019		199
2020		109
2021 and thereafter		3

		36,122

(4) Real estate online brokerage services

(5) Online decoration services

Marketing Services

For certain arrangements, the Company provides marketing services that contain multiple deliverables, that is, different forms of services to be delivered over different periods of time.

Listing Services

Listing services revenues consist of revenues derived from both basic listing services and special listing services.

(1)

Basic listing services

(2)

Special listing services

Financial Services

Other Value-added Services

Cost of Revenues

Cost of Revenues

Advertising Expenditure

Advertising Expenses

Leases

Leases

Income Taxes

Income Taxes

Government Subsidies

Government Grants

Share-based Compensation

Share-based Compensation

Earnings per Share

Earnings per Share

Derivative Instruments

Derivative Instruments

Comprehensive Income (Loss)

Comprehensive Income (Loss)

Contingencies

Contingencies

Recent accounting pronouncements

Recent accounting pronouncements

ORGANIZATION AND BASIS OF PRESENTATION (Tables)

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Details of Subsidiaries and PRC Domestic Entities

Company	Date of Establishment	Place of Establishment	Percentage of Ownership by the Company			Principal Activities

Beijing SouFun Internet Information Service Co., Ltd. ("Beijing Internet")	December 17, 2003	PRC		Nil		Provision of marketing services and listing services

SouFun Media Technology (Beijing) Co., Ltd. ("SouFun Media")	November 28, 2002	PRC		100	%	Provision of technology and information consultancy services

Beijing SouFun Network Technology Co., Ltd. ("SouFun Network")	March 16, 2006	PRC		100	%	Provision of technology and information consultancy services

Beijing SouFun Science and Technology Development Co., Ltd. ("Beijing Technology")	March 14, 2006	PRC		Nil		Provision of marketing services and listing services

Beijing Century Jia Tian Xia Technology Development Co., Ltd. ("Beijing JTX Technology")	December 21, 2006	PRC		Nil		Provision of marketing services and listing services

Beijing Zhong Zhi Shi Zheng Information Technology Co. Ltd., ("Beijing Zhongzhi")	June 5, 2007	PRC		100	%	Provision of technology and information consultancy services

Beijing Hong An Tu Sheng Network Technology Co., Ltd. ("Beijing Hong An")	January 1, 2011	PRC		100	%	Provision of technology and information consultancy services

Beijing Tuo Shi Huan Yu Network Technology Co., Ltd. ("Beijing TuoShi")	March 1, 2011	PRC		100	%	Provision of technology and information consultancy services

Beijing Yi Ran Ju Ke Technology Development Co., Ltd. ("Beijing Yi Ran Ju Ke")	September 10, 2011	PRC		Nil		Provision of marketing services, rental services and real estate agency services

Beijing Hua Ju Tian Xia Network Technology Co., Ltd. ("Beijing Hua Ju Tian Xia")**	July 25, 2012	PRC		Nil		Provision of technology and information consultancy services

Company	Date of Establishment	Place of Establishment	Percentage of Ownership by the Company			Principal Activities

Beijing Li Man Wan Jia Network Technology Co., Ltd. ("Beijing Li Man Wan Jia")	July 25, 2012	PRC		100	%	Provision of technology and information consultancy services

Shanghai Jia Biao Tang Real Estate Broking Co., Ltd. ("Shanghai JBT Real Estate Broking")	July 7, 2005	PRC		Nil		Provision of real estate agency services, marketing services and listing services

Beijing Zhong Zhi Xun Bo Information Technology Co. Ltd., ("Zhongzhi Xun Bo")	January 6, 2012	PRC		100	%	Provision of technology and information consultancy services

Tianjin SouFun Network Technology Co., Ltd.("Tianjin SouFun Network")	March 1, 2012	PRC		100	%	Provision of technology and information consultancy services

Hangzhou SouFun Network Technology Co., Ltd., ("Hangzhou SouFun Network")	August 27, 2013	PRC		100	%	Provision of technology and information consultancy services

Wuhan SouFun Yi Ran Ju Ke Real Estate Agents Co., Ltd. ("Wuhan Yi Ran Ju Ke")	December 13, 2013	PRC		Nil		Provision of real estate agency services and real estate information services

Hanzhou Ji Ju Real Estate Agents Co., Ltd. ("Hanzhou Ji Ju")	December 23, 2013	PRC		Nil		Provision of real estate agency services and real estate information services

Beijing Tianxia Dai Information service Co., Ltd.("Tianxia Dai Information")	April 9, 2014	PRC		100	%	Provision of finance information services

Shanghai SouFun Microfinance Co.,Ltd.("Shanghai SouFun Microfinance")	January 19, 2015	PRC		100	%	Provision of Microfinance services

Beihai Tian Xia Dai Microfinance Co., Ltd.("Beihai Tian Xia Dai Microfinance")	September 12, 2014	PRC		100	%	Provision of microfinance services

Shanghai BaoAn Enterprise Co., Ltd. (“Shanghai BaoAn Enterprise”)	March 31, 2013	PRC		100	%	Lease, resale and management of property

Shanghai BaoAn Hotel Co., Ltd. (“Shanghai BaoAn Hotel”)	March 31, 2013	PRC		100	%	Operation and management of hotel, restaurant and other catering business

Company	Date of Establishment	Place of Establishment	Percentage of Ownership by the Company			Principal Activities

Beijing Fang Tian Xia Decorative Engineering Co., Ltd.("Beijing Fang Tian Xia Decorative Engineering")	October 15, 2014	PRC		100	%	Provision of decorative engineering services

Chongqing Tian Xia Dai Microfinance Co., Ltd ("Chongqing Tian Xia Dai Microfinance")	December 11, 2014	PRC		100	%	Provision of microfinance services

Tianjin Jia Tian Xia Microfinance Co. ,Ltd. ("Tianjin Jia Tian Xia Microfinance")	December 5, 2014	PRC		100	%	Provision of microfinance services

Beijing Fang Chao Real Estate Broking Co., Ltd.	March 6, 2015	PRC		Nil		Provision of real estate agency services

Guangzhou Fang Tian Xia Real Estate Broking Co., Ltd.	March 9, 2015	PRC		100	%	Provision of real estate agency services

Beijing Cun Fang Real Estate Broking Co., Ltd.	April 7, 2015	PRC		100	%	Provision of real estate agency services

Shenzhen Fang Tian Xia Broking Co., Ltd.	April 13, 2015	PRC		Nil		Provision of real estate agency services

Tianjin Fang Tian Xia Real Estate Broking Co., Ltd.	May 21, 2015	PRC		100	%	Provision of real estate agency services

Suzhou Cun Fang Real Estate Broking Co., Ltd.	May 21, 2015	PRC		100	%	Provision of real estate agency services

Nanjing Cun Fang Real Estate Broking Co., Ltd.	April 30, 2015	PRC		100	%	Provision of real estate agency services

Chengdu SouFun Fang Tian Xia Real Estate Broking Co., Ltd.	March 12, 2015	PRC		100	%	Provision of real estate agency services

Company	Date of Establishment	Place of Establishment	Percentage of Ownership by the Company			Principal Activities

Nanchang Cun Fang Real Estate Broking Co., Ltd.	June 3, 2015	PRC		Nil		Provision of real estate agency services

Chongqing Fang Tian Xia Real Estate Broking Co., Ltd.	May 27, 2015	PRC		100	%	Provision of real estate agency services

Wuhan SouFun Fang Tian Xia Real Estate Broking Co., Ltd.	May 8, 2015	PRC		100	%	Provision of real estate agency services

Shanghai SouFun Fang Tian Xia Broking Co., Ltd.	April 16, 2015	PRC		Nil		Provision of real estate agency services

Shenzhen Yi Ran Ju Ke Real Estate Broking Co., Ltd.	August 13, 2015	PRC		Nil		Provision of real estate agency services

Hangzhou Nuo Guan Real Estate Broking Co., Ltd.	September 17, 2015	PRC		Nil		Provision of real estate agency services

Beijing Li Tian Rong Ze Yi Jia Technology Development Co., Ltd.	September 16, 2015	PRC		Nil		Provision of technology and information consultancy services

Fang Holdings Limited	August 7, 2000	Hong Kong		100	%	Investment holding

Hong Kong Property Network Limited ("HK Property")	May 19, 2011	Hong Kong		100	%	Investment holding

Best Work Holdings (New York) LLC ("Best Work")	March 14, 2011	United States of America		100	%	Investment holding

Carrying Amount of Assets and Liabilities

	As of December 31,
	2015		2016
		US$		US$
ASSETS
Current assets:
Cash and cash equivalents		51,164		18,352
Restricted cash, current		103,179		209,642
Short-term investments		2,002		2,595
Accounts receivable (net of allowance of US$12,622 and US$19,013 as of December 31, 2015 and 2016, respectively)		68,654		74,624
Funds receivable		383		886
Commitment deposits		10,246		6,527
Prepayments and other current assets		151,654		16,290

Total current assets		387,282		328,916

Non-current assets:
Property and equipment, net		21,642		34,452
Long-term investments		256,837		216,913
Deferred tax assets, non-current		-		270
Deposit for non-current assets		594		224,529
Other non-current assets		4,559		633

Total non-current assets		283,632		476,796

Total assets		670,914		805,712

Result of Operations

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$
Total revenues		107,950		315,797		287,475
Net income (loss)		25,464		(41,831)		(24,135)

Summary of Cash Flow Activities

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$
Net cash generated from (used in) operating activities		113,176		(61,480)		(790)
Net cash (used in) generated from investing activities		(113,148)		(8,913)		(3,763)
Net cash (used in) generated from financing activities		(106,688)		95,078		(25,963)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Property and Equipment Estimated Useful Lives of Assets

Category		Estimated Useful Life

Office equipment		5 years
Motor vehicles		5 years
Leasehold improvement		shorter of lease term or economic lives
Buildings		12 -38 years

Assets Measeured Fair Value on a Recurring Basis

Fair Value Measurement as of December 31, 2015

Quoted Prices

in Active

Significant

Markets for

Other

Identical

Observable

Unobservable

Fair Value at

Assets

Inputs

December 31,

(Level 1)

(Level 2)

(Level 3)

2015

US$

Available-for-sale securities

56,027

Fair Value Measurement as of December 31, 2016

Quoted Prices

in Active

Significant

Markets for

Other

Identical

Observable

Unobservable

Fair Value at

Assets

Inputs

December 31,

(Level 1)

(Level 2)

(Level 3)

2016

US$

Available-for-sale securities

51,639

Schedule of future minimum sublease rental incomes

	US$

2017		34,454
2018		1,357
2019		199
2020		109
2021 and thereafter		3

		36,122

INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Short-Term Investment and Long-Term Investment

	As of December 31,
	2015		2016
	US$		US$
Short-term investments
Fixed-rate time deposits		62,559		42,929

Long-term investments:
Available-for-sale securities:
- Yirendai Ltd. ("Yirendai")		985		-
- Color Life Service Group ("Color Life")		23,703		20,606
- Hopefluent Group Holdings Limited ("Hopefluent")		31,339		31,033
		56,027		51,639
Cost method investments:
- Shenzhen World Union Properties Consultancy Co., Ltd. ("World Union")		121,394		107,088
- Sindeo, Inc. ("Sindeo")		5,000		2,768
- Guilin Bank		-		12,173
- Xian Chuangdian Quancheng Real Estate Consultant Limited (“Chuangdian”)		-		3,294
- Tospur Real Estate Consulting Co., Ltd. ("Tospur")		62,257		54,918
		188,651		180,241

		244,678		231,880

Summary of Available-for-Sale Securities

			Gross		Gross		Fair Value
	Original		Unrealized		Unrealized		(Net Carrying
	Cost		Gains		Losses		Amount)
	US$		US$		US$		US$
December 31, 2015
- Color Life		13,583		10,120		-		23,703
- Hopefluent		34,944		-		(3,605)		31,339
- Yirendai		995		-		(10)		985

		49,522		10,120		(3,615)		56,027
December 31, 2016
- Color Life		13,583		7,023		-		20,606
- Hopefluent		34,944		-		(3,911)		31,033

		48,527		7,023		(3,911)		51,639

Schedule of unrealized losses and fair value

As of December 31, 2016

Less than 12

12 Months or

Months

Longer

Total

Fair

Unrealized

Fair

Unrealized

Fair

Unrealized

Value

Loss

Value

Loss

Value

Loss

Hopefluent

31,033

(306)

(3,605)

31,033

(3,911)

Total available-for-sale securities

31,033

(306)

(3,605)

31,033

(3,911)

	As of December 31, 2015
	Less than 12				12 Months or
	Months				Longer				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Hopefluent		31,339		(3,605)		-		-		31,339		(3,605)
Yirendai		985		(10)		-		-		985		(10)

Total available-for-sale securities		32,324		(3,615)		-		-		32,324		(3,615)

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

ACCOUNTS RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Accounts Receivable

	As of December 31,
	2015		2016
	US$		US$

Accounts receivable		178,580		128,038
Allowance for doubtful accounts		(31,064)		(34,366)

Accounts receivable, net		147,516		93,672

Allowance for Doubtful Accounts

	For the Years Ended
	December 31,
	2014		2015		2016
	US$		US$		US$
Movement in allowance for doubtful accounts:
Balance at beginning of year		15,019		21,397		31,064
Additional provision charged to expenses		17,377		18,649		30,025
Write-offs		(10,933)		(7,209)		(24,250)
Foreign currency translation adjustments		(66)		(1,773)		(2,473)

Balance at end of year		21,397		31,064		34,366

LOANS RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Summary of loans receivable

A summary of the Company’s loans receivables is presented as follows:

	As of December 31, 2015		As of December 31, 2016
	US$’000		US$’000
Personal loans		325,995		62,510
Total Loans receivable		325,995		62,510

Allowance for loan losses
Individually assessed		577		541
Collectively assessed		3,079		3,195
Loans receivable, net		322,339		58,774

Current portion		266,990		41,966
Non-current portion		55,349		16,808

Financing Receivable Credit Quality Indicators

The following table summarizes the Company’s loan portfolio by credit quality indicator as of December 31, 2016 and 2015, respectively:

Internal credit risk rating	As of December 31, 2015		%		As of December 31, 2016		%
	US$				US$
Pass		323,129		99.1		59,196		94.7
Special attention		1,266		0.4		1,158		1.9
Non-performing		1,600		0.5		2,156		3.4

Total		325,995		100		62,510		100

Past Due Financing Receivables

The following tables represent the aging of loans by portfolio segment as of December 31, 2015 and 2016, respectively:

	90-179 days		180-365 days		Over 1year
As of December 31,2016	past due		past due		past due		Total		Current		Total loans
	US$’000		US$’000		US$’000		US$’000		US$’000		US$’000
Personal loans		593		1,390		1,206		3,189		45,224		62,510

Total		593		1,390		1,206		3,189		45,224		62,510

	90-179 days		180-365 days		Over 1year
As of December 31,2015	past due		past due		past due		Total		Current		Total loans
	US$’000		US$’000		US$’000		US$’000		US$’000		US$’000
Personal loans		320		356		924		1,600		324,395		325,995

Total		320		356		924		1,600		324,395		325,995

Allowance for Credit Losses on Financing Receivables

The following tables present the activity in the allowance for loan losses in loans receivable by loan portfolio as of and for the year ended December 31, 2014, 2015 and 2016, respectively:

For the year ended December 31, 2016	Personal		Total
Beginning balance		3,656		3,656
Provision		80		80
Write offs		-		-
Ending balance		3,736		3,736
Ending balance: individually evaluated for impairment		541		541
Ending balance: collectively evaluated for impairment		3,195		3,195
Loans
Of which individually evaluated for impairment		4,570		4,570
Of which collectively evaluated for impairment		57,940		57,940

For the year ended December 31, 2015	Personal		Total
Beginning balance		-		-
Provision		3,656		3,656
Write offs		-		-
Ending balance		3,656		3,656
Ending balance: individually evaluated for impairment		577		577
Ending balance: collectively evaluated for impairment		3,079		3,079
Loans
Of which individually evaluated for impairment		13,956		13,956
Of which collectively evaluated for impairment		312,039		312,039

ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2016

Payables and Accruals [Abstract]

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following:

		As of December 31,
		2015		2016
		US$		US$

Payroll and welfare benefit			37,241		18,467
Other taxes and surcharges payable	(1)		42,484		39,824
Accrued unrecognized tax benefits and related interest and penalties	Note 16		104,211		121,856
Amounts payable to employees			3,493		2,162
Amounts payable to sales and marketing agents			82,769		74,669
Accrued rental expenses			1,118		209
Amounts due to foremen and suppliers of decoration services	(2)		23,765		4,872
Amounts due to Tianxiajin investors	(3)		23,985		1,530
Down payments collected on behalf of secondary home sellers			4,452		3,116
Cash incentives payable to home buyers	(4)		14,594		14,271
Amounts payable for purchase of treasury stock	(5)		—		9,861
Others			23,481		27,702

			361,593		318,539

(1)

Other taxes and surcharges payable consist of BT, VAT, cultural construction fee (“CCF”), city construction tax (“CCT”) and withholding individual income tax (“IIT”).

(2)

(3)

This amount represents refundable deposits due to Tianxiajin investors. In 2016, the Company gradually ceased providing such services through its online financing platform.

(4)

Cash incentives payable to home buyers, are payable when home buyers successfully purchase new properties through the Company’s platform and successfully registers on the Company’s website.

(5)

This amount represents the purchase of treasury stock. The balance was subsequently settled in January 2017.

CONVERTIBLE SENIOR NOTES (Tables)

12 Months Ended

Dec. 31, 2016

CONVERTIBLE SENIOR NOTES [Abstract]

Schedule of debt conversions

	As of December 31,
	2015		2016
	US$		US$
Principal amount		700,000		305,700
Unamortized discount and debt issuance costs		(15,397)		(10,432)

		684,603		295,268

Schedule of aggregate future principal payments

	US$

2017		212,734
2018		13,150
2019		7,450
2020		7,450
2021 and thereafter		342,839

		583,623

TAXATION (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Income Before Income Taxes

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$
PRC		365,370		(5,008)		(136,773)
Non-PRC		(30,544)		(16,030)		(7,878)

		334,826		(21,038)		(144,651)

Income Tax Expenses Benefits

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$
Current tax expense		54,270		26,456		27,685
Deferred tax expense (benefit)		27,339		(32,361)		(2,701)

		81,609		(5,905)		24,984

Reconciliation Between Income Tax Expense and Amount Computed by Applying Statutory Tax Rate

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$
Income (loss) before income taxes		334,826		(21,038)		(144,651)
Income tax at applicable tax rate of 25%		83,707		(5,260)		(36,163)
Effect of international tax rate differences		4,208		847		(598)
Non-deductible expenses		10,337		2,145		18,891
Effect of tax holidays or preferential tax rates		(54,757)		(5,985)		(5,759)
Effect of tax rate changes		(4,769)		-		-
Investment basis difference in the PRC Domestic Entities		3,884		(335)		(2,757)
Withholding tax		23,164		(30,578)		-
Research and development super-deduction		(2,284)		(1,667)		-
Changes in valuation allowance		(82)		28,041		30,856
Unrecognized tax benefits		393		(8,133)		-
Changes in interest and penalties on unrecognized tax benefits		17,808		15,020		15,270

		81,609		(5,905)		24,984

Unrecognized Tax Benefits, Exclusive of Related Interest and Penalties

	As of December 31,

	2014		2015		2016
	US$		US$		US$

Balance at beginning of year		24,756		50,983		70,296
Increase relating to prior year tax positions		26,307		32,227		5,070
Increase relating to current year tax positions		-		5,124		4,769
Decrease relating to reversal of prior years’ tax position		-		(14,059)		-
Decrease relating to expiration of applicable statute of limitations		-		(1,787)		-
Foreign currency translation adjustments		(80)		(2,192)		(1,202)

Balance at end of year		50,983		70,296		78,933

Aggregate Amount and Effect of Tax Holidays and Preferential Tax Rates

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$

The aggregate amount		(54,757)		(5,985)		(5,759)
The aggregate effect on basic and diluted earnings per share for Class A and Class B ordinary shares:
-Basic		0.67		0.07		0.06
-Diluted		0.59		0.07		0.06

Components of Deferred Taxes

	As of December 31,
	2015		2016
	US$		US$

Deferred tax assets
Net operating losses		34,807		63,084
Impairment of funds receivable		-		348
Impairment of loans receivable		-		65
Overcharged advertising and promotion fee		-		90
Share based compensation		4,263		5,351
Less: Valuation allowance		(33,580)		(64,166)

Total deferred tax assets, net		5,490		4,915

Deferred tax liabilities
Investment basis in the PRC entities		(62,224)		(57,413)
BaoAn Acquisition – Property		(14,407)		(13,011)

Deferred tax liabilities		(76,631)		(70,424)

SHARE-BASED PAYMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Equity Award Activity

							Weighted
			Weighted-		Weighted-		Average
			Average per		Average		Remaining
			Share		Grant-date		Contractual			Aggregate
Options Granted to Employees	Number of		Exercise		Fair Value		Term			Intrinsic
and Directors	Shares (*)		Price		per Share		(Years)			Value

Outstanding, December 31, 2015		8,240,623		13.80		4.21		5.98	US$	190,761
Granted		2,738,200		21.02		10.52
Forfeited		(527,191)		27.33		9.41
Expired		(282,798)		8.10		2.50
Exercised		(363,417)		10.44		3.77
Outstanding, December 31, 2016		9,805,417		15.38		5.77		6.20	US$	10,011
Vested and expected to vest at December 31, 2016		9,805,417		15.38		5.77		6.20	US$	10,011
Exercisable at December 31, 2016		7,283,716		13.61		4.22		5.04	US$	20,328

Assumptions Used to Estimate Fair Value

	For the Years Ended
	December 31,
	2016

Risk-free interest rate		1.97% to 2.23%
Dividend yield		nil
Expected volatility range		49.66% to 50.18%
Weighted average expected life		6.35 years
Estimated forfeiture rate		-
Fair value of ordinary share		US$6.85 to US$7.60

Share - Based Compensation Expense

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$

Cost of revenues		782		471		443
Selling expenses		1,122		446		512
General and administrative expenses		2,778		3,485		5,597

		4,682		4,402		6,552

RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2016

Related Parties

Name of Related Parties		Relationship with the Company

Vincent Tianquan Mo		Executive chairman of the board of directors and chief executive officer

Richard Jiangong Dai		Director of the board up until February 25, 2016

Wall Street Global Training Center, Inc.		A company under the control of Vincent Tianquan Mo and two other independent directors

Beihai Silver Beach 1 Hotel and Property Management Company, Ltd. (“Beihai Silver Beach”)		A company under the control of Vincent Tianquan Mo

Che Tian Xia Company Ltd.		A company under the control of Vincent Tianquan Mo and Richard Jiangong Dai

Guangxi Wharton International Hotel ("Guangxi Wharton")		A company under the control of Vincent Tianquan Mo

Research Center on Natural Conservation, Inc. ("Research Center")		A company under the control of Vincent Tianquan Mo

Upsky Long Island Hotel LLC ("Upsky Long Island")		A company under the control of Vincent Tianquan Mo

Upsky San Francisco Airport Hotel LLC (formerly known as "Crowne Plaza San Francisco-International Airport") ("Upsky San Francisco")		A company under the control of Vincent Tianquan Mo

Upsky Lighthouse Hotel LLC ("Upsky Lighthouse")		A company under the control of Vincent Tianquan Mo

Nanning Xuyin Business Co., Ltd. (“Nanning Xuyin”)		A company under the control of Vincent Tianquan Mo

New York Military Academy		A company of which Vincent Tianquan Mo is a director

Related Party Transactions

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$

Office building leased from:
-Vincent Tianquan Mo		174		169		154
Management fee incurred:
-Beihai Silver Beach		700		470		421
Hotel service fee incurred:
- Beihai Silver Beach		-		-		113
- Upsky San Francisco		7		20		17
- Upsky Lighthouse		-		1		-
- Upsky Long Island		203		116		81
Training fee incurred
- New York Military Academy		-		-		111

Related Party Balances

	As of December 31,
	2015		2016
	US$		US$
Amounts due from a related party:
- Beihai Silver Beach		262		197

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Revenues by Product Groups

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$
E-commerce services:
New home		244,294		318,612		265,583
Other product groups		50		156,198		312,101

Total E-commerce service revenues		244,344		474,810		577,684

Marketing services:
New home		260,333		219,057		144,631
Secondary and rental properties		1,093		2,498		1,635
Home furnishing and improvement		33,058		28,307		19,171

Total marketing service revenues		294,484		249,862		165,437

Listing services:
Secondary and rental properties		124,172		83,972		94,507
Research		19,019		21,540		22,959
Other product groups		2,463		2,410		643

Total listing service revenues		145,654		107,922		118,109

Other value-added services
Research		15,165		21,373		25,559

Total other value-added services revenues		15,165		21,373		25,559

Financial services:
New home		2,927		20,156		22,724
Other product groups		308		9,426		6,878

Total financial service revenues		3,235		29,582		29,602

EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

	For the Years Ended
	December 31,
	2014				2015				2016
	US$		US$		US$		US$		US$		US$
	Class A		Class B		Class A		Class B		Class A		Class B
Earnings (Loss) per share - basic:
Numerator:
Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share-basic		178,214		75,003		(10,783)		(4,313)		(125,531)		(44,104)
Denominator:
Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share		57,826,485		24,336,650		60,834,236		24,336,650		69,269,099		24,336,650
Denominator used for basic earnings (loss) per share		57,826,485		24,336,650		60,834,236		24,336,650		69,269,099		24,336,650
Earnings (loss) per share - basic		3.08		3.08		(0.18)		(0.18)		(1.81)		(1.81)

Earnings (loss) per share - diluted:
Numerator:
Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share		177,993		75,224		(10,783)		(4,313)		(125,531)		(44,104)
Effect of convertible senior notes		11,032		-		-		-		-		-
Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share-diluted after assumed conversion		189,025		75,224		(10,783)		(4,313)		(125,531)		(44,104)
Reallocation of net income (loss) attributable to ordinary shareholders as a result of conversion of Class B to Class A shares		75,224		-		(4,313)		-		(44,104)		-
Net income (loss) attributable to ordinary shareholders		264,249		75,224		(15,096)		(4,313)		(125,531)		(44,104)
Denominator:
Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share		57,826,486		24,336,650		60,834,236		24,336,650		69,269,099		24,336,650
Conversion of Class B to Class A ordinary shares		24,336,650		-		24,336,650		-		24,336,650		-
Employee stock options		6,106,284		1,912,500		-		-		-		-
Convertible senior notes		3,939,200		-		-		-		-		-
Denominator used for diluted earnings (loss) per share		92,208,620		26,249,150		85,170,866		24,336,650		93,605,749		24,336,650
Earnings (loss) per share -diluted		2.87		2.87		(0.18)		(0.18)		(1.81)		(1.81)

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

	As of December 31,
	2015		2016
	US$		US$

ASSETS
Current assets:
Cash and cash equivalents		427,156		34,072
Prepayments and other current assets		980		491
Amounts due from subsidiaries		21,743		-

Total current assets		449,879		34,563

Non-current assets:
Property and equipment, net		26		12
Long-term investments		46,364		54,408
Investment in subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries		1,044,465		753,117

Total non-current assets		1,090,855		807,537

Total assets		1,540,734		842,100

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:
Accrued expenses and other liabilities		2,365		11,401
Amounts due to subsidiaries and PRC Domestic Entities		-		48,301
Convertible senior notes		396,716		-

Total current liabilities		399,081		59,702

Non-current liabilities:
Convertible senior notes		287,887		295,268

Total non-current liabilities		287,887		295,268

Total liabilities		686,968		354,970

Commitments and contingencies

Shareholders’ equity:

Class A ordinary shares, par value HK$1.00 per share, 600,000,000 shares authorized for Class A and Class B in aggregate, and 70,736,679 shares and 64,012,758 shares issued and outstanding as of December 31, 2015 and 2016, respectively		9,110		9,157
Class B ordinary shares, par value HK$1.00 per share, 600,000,000 shares authorized for Class A and Class B in aggregate, and 24,336,650 shares and 24,336,650 shares issued and outstanding as of December 31, 2015 and 2016, respectively		3,124		3,124
Additional paid-in capital		478,391		488,943
Accumulated other comprehensive income (loss)		(10,364)		(81,349)
Retained earnings		373,505		203,870
Treasury stock		-		(136,615)

Total shareholders’ equity		853,766		487,130

Total liabilities and shareholders’ equity		1,540,734		842,100

Condensed Statements of Comprehensive Income

	For the Years Ended December 31,
	2014		2015		2016
	US$		US$		US$

Revenues		-		-		-
Cost of revenues		-		-		-
Gross profit		-		-		-
General and administrative (expenses) income		(867)		3,023		3,610

Operating (loss) income		(867)		3,023		3,610

Equity in profits (losses) of subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries		270,241		(6,254)		(167,967)
Interest income		3,303		260		1,775
Interest expenses		(11,033)		(12,108)		(17,807)
Realized gain on available-for-sale security (including accumulated other comprehensive income reclassifications for unrealized net gain on available-for-sale security of nil, nil and 10,583 for the years ended December 31, 2014, 2015 and 2016, respectively)		-		-		10,583
Investment income		-		-		1,571
Other-than-temporary impairment on available-for-sale securities		(8,417)		-		(2,232)
Foreign exchange gain (loss)		(10)		(17)		832

Income (loss) before income taxes		253,217		(15,096)		(169,635)

Income tax expenses		-		-		-

Net income (loss)		253,217		(15,096)		(169,635)

Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		(4,323)		(55,928)		(67,728)
Amounts reclassified from accumulated other comprehensive income		-		-		(10,583)
Unrealized gain (loss) on available-for-sale securities		10,508		(4,002)		7,326

Other comprehensive income (loss), net of tax		6,185		(59,930)		(70,985)
Comprehensive income (loss)		259,402		(75,026)		(240,620)

Condensed Statements of Cash Flows

	2014		2015		2016
	US$		US$		US$

Net cash provided by (used in) operating activities		914		(4,718)		117,398
Net cash (used in) provided by investing activities		(118,045)		(78,196)		11,575
Net cash (used in) provided by financing activities		(101,442)		489,695		(522,057)
Net (decrease) increase in cash and cash equivalents		(218,573)		406,782		(393,084)
Cash and cash equivalents at beginning of year		238,947		20,374		427,156
Cash and cash equivalents at end of year		20,374		427,156		34,072

ORGANIZATION AND BASIS OF PRESENTATION (Schedule of Details of Company's Subsidiaries, PRC Domestic Entities and PRC Domestic Entities' Subsidiaries (Details)	12 Months Ended
	Dec. 31, 2016
Beijing SouFun Internet Information Service Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Dec. 17, 2003
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of marketing services and listing services
SouFun Media Technology Beijing Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Nov. 28, 2002
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of technology and information consultancy services
Beijing SouFun Network Technology Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Mar. 16, 2006
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of technology and information consultancy services
Beijing SouFun Science and Technology Development Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Mar. 14, 2006
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of marketing services and listing services
Beijing Century Jia Tian Xia Technology Development Co Ltd [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Dec. 21, 2006
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of marketing services and listing services
Beijing Zhong Zhi Shi Zheng Information Technology Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Jun. 05, 2007
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of technology and information consultancy services
Beijing Hong An Tu Sheng Network Technology Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Jan. 01, 2011
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of technology and information consultancy services
Beijing Tuo Shi Huan Yu Network Technology Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Mar. 01, 2011
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of technology and information consultancy services
Beijing Yi Ran Ju Ke Technology Development Co Ltd [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Sep. 10, 2011
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of marketing services, rental services and real estate agency services
Beijing Hua Ju Tian Xia Network Technology Co Ltd [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Jul. 25, 2012
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of technology and information consultancy services
Beijing Li Man Wan Jia Network Technology Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Jul. 25, 2012
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of technology and information consultancy services
Shanghai Jia Biao Tang Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Jul. 07, 2005
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of real estate agency services, marketing services and listing services
Beijing Zhong Zhi Xun Bo Information Technology Co. Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Jan. 06, 2012
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of technology and information consultancy services
Tianjin Soufun Network Technology Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Mar. 01, 2012
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of technology and information consultancy services
Hangzhou SouFun Network Technology Co., Ltd., [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Aug. 27, 2013
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of technology and information consultancy services
Wuhan SouFun Yi Ran Ju Ke Real Estate Agents Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Dec. 13, 2013
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of real estate agency services and real estate information services
Hanzhou Ji Ju Real Estate Agents Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Dec. 23, 2013
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of real estate agency services and real estate information services
Beijing Tianxia Dai Information Service Co Ltd [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Apr. 09, 2014
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of finance information services
Chongqing Tian Xia Dai Microfinance Co Ltd [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Dec. 11, 2014
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of microfinance services
Chongqing Fang Tian Xia Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	May 27, 2015
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of real estate agency services
Tianjin Fang Tian Xia Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	May 21, 2015
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of real estate agency services
Suzhou Cun Fang Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	May 21, 2015
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of real estate agency services
Nanjing Cun Fang Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Apr. 30, 2015
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of real estate agency services
Shenzhen Fang Tian Xia Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Apr. 13, 2015
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of real estate agency services
Beijing Cun Fang Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Apr. 07, 2015
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of real estate agency services
Beijing Fang Chao Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Mar. 06, 2015
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of real estate agency services
Tianjin Jia Tian Xia Microfinance Co Ltd [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Dec. 05, 2014
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of microfinance services
Beijing Fang Tian Xia Decorative Engineering Co Ltd [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Oct. 15, 2014
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of decorative engineering services
Beihai Tian Xia Dai Microfinance Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Sep. 12, 2014
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of microfinance services
Shanghai Baoan Enterprise Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Mar. 31, 2013
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Lease, resale and management of property
Shanghai BaoAn Hotel Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Mar. 31, 2013
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Operation and management of hotel, restaurant and other catering business
Best Work Holdings New York LLC [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Mar. 14, 2011
Place of Establishment	United States of America
Percentage of Ownership	100.00%
Principal Activities	Investment holding
Shanghai SouFun Microfinance Co.,Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Jan. 19, 2015
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of Microfinance services
Guangzhou Fang Tian Xia Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Mar. 09, 2015
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of real estate agency services
Chengdu SouFun Fang Tian Xia Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Mar. 12, 2015
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of real estate agency services
Nanchang Cun Fang Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Jun. 03, 2015
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of real estate agency services
Hangzhou Nuo Guan Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Sep. 17, 2015
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of real estate agency services
Beijing Li Tian Rong Ze Yi Jia Technology Development Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Sep. 16, 2015
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of technology and information consultancy services
Fang Holdings Limited [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Aug. 07, 2000
Place of Establishment	Hong Kong
Percentage of Ownership	100.00%
Principal Activities	Investment holding
Hong Kong Property Network Limited [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	May 19, 2011
Place of Establishment	Hong Kong
Percentage of Ownership	100.00%
Principal Activities	Investment holding
Shanghai SouFun Fang Tian Xia Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Apr. 16, 2015
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of real estate agency services
Shenzhen Yi Ran Ju Ke Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	Aug. 13, 2015
Place of Establishment	PRC
Percentage of Ownership
Principal Activities	Provision of real estate agency services
Wuhan SouFun Fang Tian Xia Real Estate Broking Co., Ltd. [Member]
Summary of Investment Holdings [Line Items]
Date of Establishment	May 08, 2015
Place of Establishment	PRC
Percentage of Ownership	100.00%
Principal Activities	Provision of real estate agency services

ORGANIZATION AND BASIS OF PRESENTATION (Schedule of Carrying Amounts of Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 336,528	$ 817,921	$ 354,760	$ 581,010
Restricted cash, current	211,084	103,179
Short-term investments	42,929	62,559
Accounts receivable (net of allowance of US$12,622 and US$19,013 as of December 31, 2015 and 2016, respectively)	93,672	147,516
Funds receivable	20,483	45,400
Commitment deposits	6,527	10,646
Prepayments and other current assets	39,824	60,265
Total current assets	793,210	1,514,738
Non-current assets:
Property and equipment, net	319,897	326,504
Long-term investments	231,880	244,678
Deferred tax assets, non-current	4,915	5,490
Deposit for non-current assets	240,712	137,715
Other non-current assets	7,391	7,568
Total non-current assets	821,603	777,304
Total assets	1,614,813	2,292,042
Current liabilities:
Short-term loans	212,734	100,000
Deferred revenue	129,765	145,321
Accrued expenses and other liabilities	318,539	361,593
Customer’s refundable fees	28,630	59,107
Income tax payable	6,022	9,948
Total current liabilities	695,690	1,072,685
Non-current liabilities:
Long-term loans	583,623
Total non-current liabilities	431,298	364,830
Total liabilities	1,126,988	1,437,515
PRC Domestic Entities and the PRC Domestic Entities' subsidiaries [Member]
Current assets:
Cash and cash equivalents	18,352	51,164
Restricted cash, current	209,642	103,179
Short-term investments	2,595	2,002
Accounts receivable (net of allowance of US$12,622 and US$19,013 as of December 31, 2015 and 2016, respectively)	74,624	68,654
Funds receivable	886	383
Commitment deposits	6,527	10,246
Prepayments and other current assets	16,290	151,654
Total current assets	328,916	387,282
Non-current assets:
Property and equipment, net	34,452	21,642
Long-term investments	216,913	256,837
Deferred tax assets, non-current	270	0
Deposit for non-current assets	224,529	594
Other non-current assets	633	4,559
Total non-current assets	476,796	283,632
Total assets	805,712	670,914
Current liabilities:
Short-term loans		22,734
Deferred revenue	21,744	46,455
Accrued expenses and other liabilities	106,459	109,727
Customer’s refundable fees	18,295	36,245
Income tax payable	199	1,872
Intercompany payable to the non PRC Domestic Entities	356,423	293,697
Total current liabilities	525,854	487,996
Non-current liabilities:
Long-term loans	0	65,190
Total non-current liabilities	65,190	0
Total liabilities	591,044	487,996
Net assets	$ 214,668	$ 182,918

ORGANIZATION AND BASIS OF PRESENTATION (Schedule of Results of Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Condensed Consolidating Statement Of Operations [Line Items]
Total revenues	$ 916,391	$ 883,549	$ 702,882
Net income (loss)	(169,635)	(15,096)	253,217
Domestic [Member]
Schedule Of Condensed Consolidating Statement Of Operations [Line Items]
Total revenues	287,475	315,797	107,950
Net income (loss)	$ (24,135)	$ (41,831)	$ 25,464

ORGANIZATION AND BASIS OF PRESENTATION (Schedule of Cash Flows) (Details) - Domestic [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Condensed Cash Flow Statements, Captions [Line Items]
Net cash generated from (used in) operating activities	$ (790)	$ (61,480)	$ 113,176
Net cash (used in) generated from investing activities	(3,763)	(8,913)	(113,148)
Net cash (used in) generated from financing activities	$ (25,963)	$ 95,078	$ (106,688)

ORGANIZATION AND BASIS OF PRESENTATION (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Restricted Cash and Cash Equivalents, Current	$ 211,084	$ 103,179
PRC Domestic Entities and the PRC Domestic Entities' subsidiaries [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Restricted Cash and Cash Equivalents, Current	$ 209,642	$ 103,179

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Estimated Useful Lives of Assets) (Details)	12 Months Ended
	Dec. 31, 2016
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	5 years
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	5 years
Buildings [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	12 years
Buildings [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	38 years
Leasehold Improvement [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	shorter of lease term or economic lives

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Summary of Assets Measured at Fair Value on Recurring Basis) (Details) - Available-for-sale securities [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available-for-sale securities	$ 51,639	$ 56,027
Fair Value Inputs Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available-for-sale securities	51,639	56,027
Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available-for-sale securities
Fair Value, Inputs, Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available-for-sale securities

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of future minimum sublease rental income) (Details) $ in Thousands	Dec. 31, 2016 USD ($)
2017	$ 34,454
2018	1,357
2019	199
2020	109
2021 and thereafter	3
Total	$ 36,122

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2016 HKD	Dec. 31, 2015 HKD	Dec. 31, 2013 USD ($)
Significant Accounting Policies [Line Items]
Other than temporary impairment losses investments available for sale securities	$ 2,232,000	$ 0	$ 8,417,000
Allowance for doubtful accounts	34,366,000	31,064,000	21,397,000			$ 15,019,000
Commitment deposits, default	5,860,000	10,219,000
Allowance for doubtful accounts for commitment deposits	0	500,000
Business tax and surcharges	68,007,000	48,253,000	44,003,000
Advertising costs	61,762,000	44,123,000	6,202,000
Sublease rental income	31,929,000	18,241,000
Government grants	6,469,000	4,936,000	7,205,000
Revenues	916,391,000	883,549,000	702,882,000
Derecognized Loans Receivable, Continuing Involvement		37,870
Collateralized Financings	5,252,000	5,611,000
Marketing Services [Member]
Significant Accounting Policies [Line Items]
Revenues	165,437,000	249,862,000	$ 294,484,000
New Payment Arrangements One [Member] \| Marketing Services [Member]
Significant Accounting Policies [Line Items]
Revenues	9,730,000	52,000,000
Market Approach Valuation Technique [Member]
Significant Accounting Policies [Line Items]
Estimated fair value of convertible senior notes	$ 225,186,000	$ 697,104,000
Maximum [Member]
Significant Accounting Policies [Line Items]
Cash equivalents maturity period	90 days
Short term investments maturity period	365 days
Membership services fee	$ 20,000,000
Maximum [Member] \| Cash And Cash Equivalents [Member]
Significant Accounting Policies [Line Items]
Short term investments maturity period	90 days
Minimum [Member]
Significant Accounting Policies [Line Items]
Short term investments maturity period	90 days
Membership services fee	$ 5,000,000

CONCENTRATION OF RISKS (Details) - USD ($) $ in Thousands	12 Months Ended
CONCENTRATION OF RISKS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Concentration Risk [Line Items]
Cash and cash equivalents, restricted cash and short term investments	$ 590,540
Internet Content Provision ("ICP") and Advertising Businesses [Member] \| Maximum [Member]
Concentration Risk [Line Items]
Maximum percentage of ownership amount that foreign investors are allowed to own equity interest	50.00%
Financial Institution [Member] \| CHINA
Concentration Risk [Line Items]
Cash and cash equivalents, restricted cash and short term investment held percentage	93.80%
Financial Institution [Member] \| International [Member]
Concentration Risk [Line Items]
Cash and cash equivalents, restricted cash and short term investment held percentage	6.20%
Marketing Services [Member]
Concentration Risk [Line Items]
Revenues from services as percentage of total revenues	18.00%	28.30%	42.00%
E Commerce Services [Member]
Concentration Risk [Line Items]
Revenues from services as percentage of total revenues	63.00%	54.00%	35.00%

INVESTMENTS (Short-Term Investment and Long-Term Investment) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Investment And Other Income [Line Items]
Short-term investments	$ 42,929	$ 62,559
Long-term investments	231,880	244,678
Fixed Rate Time Deposits [Member]
Investment And Other Income [Line Items]
Short-term investments	42,929	62,559
Cost-method Investments [Member]
Investment And Other Income [Line Items]
Long-term investments	180,241	188,651
Available-for-sale securities [Member] \| Equity Securities [Member]
Investment And Other Income [Line Items]
Long-term investments	51,639	56,027
Available-for-sale securities [Member] \| Tospur Real Estate Consulting Co Ltd [Member] \| Cost-method Investments [Member]
Investment And Other Income [Line Items]
Long-term investments	54,918	62,257
Available-for-sale securities [Member] \| Yirendai Ltd [Member] \| Equity Securities [Member]
Investment And Other Income [Line Items]
Short-term investments		0
Available-for-sale securities [Member] \| Hopefluent Group Holdings Limited [Member] \| Equity Securities [Member]
Investment And Other Income [Line Items]
Long-term investments	31,033	31,339
Available-for-sale securities [Member] \| Color Life Service Group [Member] \| Equity Securities [Member]
Investment And Other Income [Line Items]
Long-term investments	20,606	23,703
Available-for-sale securities [Member] \| Yirendaii Ltd [Member] \| Equity Securities [Member]
Investment And Other Income [Line Items]
Short-term investments	985
Available-for-sale securities [Member] \| Shenzhen World Union Properties Consultancy Co.,Ltd. [Member] \| Cost-method Investments [Member]
Investment And Other Income [Line Items]
Long-term investments	107,088	121,394
Available-for-sale securities [Member] \| Sindeo, Inc. (the "Corporation") [Member] \| Cost-method Investments [Member]
Investment And Other Income [Line Items]
Long-term investments	2,768	5,000
Available-for-sale securities [Member] \| Guilin Bank [Member] \| Cost-method Investments [Member]
Investment And Other Income [Line Items]
Long-term investments	12,173	0
Available-for-sale securities [Member] \| Xian Chuangdian Quancheng Real estate consultant limited [Member] \| Cost-method Investments [Member]
Investment And Other Income [Line Items]
Long-term investments	$ 3,294	$ 0

INVESTMENTS (Summary of Available-for-Sale Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Original Cost	$ 48,527	$ 49,522
Gross Unrealized Gain	7,023	10,120
Gross Unrealized losses	(3,911)	(3,615)
Fair Value	51,639	56,027
Color Life Service Group [Member] \| Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Original Cost	13,583	13,583
Gross Unrealized Gain	7,023	10,120
Gross Unrealized losses
Fair Value	20,606	23,703
Hopefluent Group Holdings Limited [Member] \| Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Original Cost	34,944	34,944	$ 34,944
Gross Unrealized Gain
Gross Unrealized losses	(3,911)	(3,605)
Fair Value	$ 31,033	31,339
Yirendai Ltd [Member] \| Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Original Cost		995
Gross Unrealized Gain
Gross Unrealized losses		(10)
Fair Value		$ 985

INVESTMENTS (Summary of Available-for-Sale Securities in an unrealized loss position) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Less than Twelve Months, Fair Value	$ 31,033	$ 32,324
Available-for-sale Securities, Twelve Months or Longer, Fair Value		0
Available-for-sale Securities, Fair Value	31,033	32,324
Available-for-sale Securities, Less than 12 Months, Unrealized Loss	(306)	(3,615)
Available-for-sale Securities, 12 Months or Longer, Unrealized Loss		0
Available-for-sale Securities, Unrealized Loss	(3,911)	(3,615)
Hopefluent Group Holdings Limited [Member] \| Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Less than Twelve Months, Fair Value	31,033	31,339
Available-for-sale Securities, Twelve Months or Longer, Fair Value		0
Available-for-sale Securities, Fair Value	31,033	31,339
Available-for-sale Securities, Less than 12 Months, Unrealized Loss	(306)	(3,605)
Available-for-sale Securities, 12 Months or Longer, Unrealized Loss		0
Available-for-sale Securities, Unrealized Loss	$ (3,911)	(3,605)
Yirendai Ltd [Member] \| Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Less than Twelve Months, Fair Value		985
Available-for-sale Securities, Twelve Months or Longer, Fair Value		0
Available-for-sale Securities, Fair Value		985
Available-for-sale Securities, Less than 12 Months, Unrealized Loss		(10)
Available-for-sale Securities, 12 Months or Longer, Unrealized Loss		0
Available-for-sale Securities, Unrealized Loss		$ (10)

INVESTMENTS (Narrative) (Details) - USD ($) $ in Thousands						1 Months Ended			12 Months Ended
INVESTMENTS (Narrative) (Details) - USD ($) $ in Thousands	Jul. 12, 2016	Jan. 21, 2016	Dec. 10, 2014	Jun. 27, 2014	May 11, 2011	Aug. 31, 2016	May 29, 2015	Nov. 30, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Apr. 08, 2016
Investment And Other Income [Line Items]
Interest income on fixed-rate time deposits and adjustable-rate investments									$ 11,367	$ 9,474	$ 27,166
Unrealized gain on available-for-sale security									7,326	(4,002)	10,508
Other-than-temporary impairment on available-for-sale security											8,417
Available for sale securities									48,527	49,522
Investment income									3,281	1,333	0
Total losses for securities with net losses in accumulated other comprehensive income (loss)									$ 3,911	3,615
Dividend Distribution, Stock Dividend Description									every 10 shares distributed 4 shares for stock dividend
Business Combination, Consideration Transferred									$ 2,491
Proceeds from disposal of an available-for-sale security						$ 13,074			13,074
Accumulated other comprehensive income reclassifications for unrealized gain on available-for-sale security						$ 10,583			10,583
Impairment loss									$ 2,232		8,417
Yirendai Ltd [Member]
Investment And Other Income [Line Items]
Shares acquired during the period									283,408
Consideration for acquisition									$ 1,496
Percentage of ownership interest										0.66%
Guilin Bank [Member]
Investment And Other Income [Line Items]
Shares acquired during the period	30,595,859
Consideration for acquisition	$ 12,173
Percentage of ownership interest	0.01%
Chuangdian [Member]
Investment And Other Income [Line Items]
Shares acquired during the period		4,411,765
Consideration for acquisition		$ 3,294
Percentage of ownership interest		15.00%
Tospur [Member]
Investment And Other Income [Line Items]
Consideration for acquisition			$ 62,257
Percentage of ownership interest			16.00%
Equity Securities [Member] \| Color Life Service Group [Member]
Investment And Other Income [Line Items]
Unrealized loss									3,097	$ 388
Market price of acquired firm									20,606		24,091
Available for sale securities									13,583	13,583
Total losses for securities with net losses in accumulated other comprehensive income (loss)
Equity Securities [Member] \| Hopefluent Group Holdings Limited [Member]
Investment And Other Income [Line Items]
Market price of acquired firm										31,339
Available for sale securities									34,944	34,944	$ 34,944
Total losses for securities with net losses in accumulated other comprehensive income (loss)									3,911	3,605
Equity Securities [Member] \| Yirendai Ltd [Member]
Investment And Other Income [Line Items]
Unrealized gain on available-for-sale security										985
Available for sale securities										995
Total losses for securities with net losses in accumulated other comprehensive income (loss)										$ 10
Available-for-sale securities [Member] \| Equity Securities [Member] \| Color Life Service Group [Member]
Investment And Other Income [Line Items]
Shares acquired during the period				27,551,733
Consideration for acquisition				$ 13,583
Percentage of ownership interest				2.76%
Available-for-sale securities [Member] \| Equity Securities [Member] \| Hopefluent Group Holdings Limited [Member]
Investment And Other Income [Line Items]
Shares acquired during the period								111,935,037
Consideration for acquisition								$ 43,361
Percentage of ownership interest								17.26%
Unrealized loss					$ 33,235				306
Market price of acquired firm									31,033
Other-than-temporary impairment on available-for-sale security									$ 3,605
Available-for-sale securities [Member] \| Equity Securities [Member] \| Shenzhen World Union Properties Consultancy Co.,Ltd. [Member]
Investment And Other Income [Line Items]
Shares acquired during the period							145,376,744					203,527,442
Consideration for acquisition							$ 121,394
Percentage of ownership interest							10.06%
Available-for-sale securities [Member] \| Equity Securities [Member] \| Yirendai Ltd [Member]
Investment And Other Income [Line Items]
Shares acquired during the period										103,935
Consideration for acquisition										$ 995
Percentage of ownership interest										0.18%
Unrealized gain on available-for-sale security										$ 10

ACCOUNTS RECEIVABLE (Schedule of Accounts Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Accounts receivable	$ 128,038	$ 178,580
Allowance for doubtful accounts	(34,366)	(31,064)
Accounts receivable, net	$ 93,672	$ 147,516

ACCOUNTS RECEIVABLE (Schedule of Allowance for Doubtful Accounts) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)	Dec. 31, 2016 HKD	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Movement in allowance for doubtful accounts:
Balance at beginning of year	$ 31,064		$ 21,397	$ 15,019
Additional provision charged to expenses	30,025		18,649	17,377
Write-offs	(24,250)		(7,209)	(10,933)
Foreign currency translation adjustments	(2,473)		(1,773)	(66)
Balance at end of year	$ 34,366		$ 31,064	$ 21,397

PREPAYMENTS AND OTHER CURRENT ASSETS (Schedule of prepayments and other current assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Prepaid expenses	$ 13,092	$ 15,364
Advance to employees	1,334	1,623
Receivable from a broker for exercise of employee stock options	0	237
Rental deposits and others	7,668	10,273
Interest receivable	1,021	13,168
Rent paid to original lessors for sublease services	6,793
Receivable for real estate properties	989	0
Others	8,927	3,718
Prepayments and other current assets	$ 39,824	$ 60,265

LOANS RECEIVABLE (Summary of Group’s loans Receivables) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Total Loans receivable	$ 62,510	$ 325,995
Individually assessed	541	577
Collectively assessed	3,195	3,079
Loans receivable, net	62,510	325,995
Loans receivable, net, current	41,966	266,990
Loans receivable, non-current	16,808	55,349
Consumer Portfolio Segment [Member]
Total Loans receivable	62,510	325,995
Individually assessed
Collectively assessed	3,195	3,079
Loans receivable, net	$ 62,510	$ 325,995

LOANS RECEIVABLE (Loans Credit) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	$ 62,510	$ 325,995
Notes receivable, Percentage	100.00%	100.00%
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	$ 59,196	$ 323,129
Notes receivable, Percentage	94.70%	99.10%
Special attention [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	$ 1,158	$ 1,266
Notes receivable, Percentage	1.90%	0.40%
Non-performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	$ 2,156	$ 1,600
Notes receivable, Percentage	3.40%	0.50%

LOANS RECEIVABLE (Loans Portfolio Segment) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 3,189	$ 1,600
Financing Receivable, Recorded Investment, Current	45,224	324,395
Financing Receivable, Net	62,510	325,995
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	3,189	1,600
Financing Receivable, Recorded Investment, Current	45,224	324,395
Financing Receivable, Net	62,510	325,995
Financing Receivables, 90 to 179 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	593	320
Financing Receivables, 90 to 179 Days Past Due [Member] \| Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	593	320
Financing Receivables, 180 to 365 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,390	356
Financing Receivables, 180 to 365 Days Past Due [Member] \| Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,390	356
Financing Receivables Equal To Over 1year Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,206	924
Financing Receivables Equal To Over 1year Past Due [Member] \| Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 1,206	$ 924

LOANS RECEIVABLE (Loans Receivable Portfolio) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Beginning balance	$ 3,656
Provision	80	3,656
Write offs	0	0
Ending balance	3,736	3,656
Ending balance: individually evaluated for impairment	541	577
Ending balance: collectively evaluated for impairment	3,195	3,079
Loans Of which individually evaluated for impairment
Loans Of which collectively evaluated for impairment	57,940	312,039
Personal [Member]
Beginning balance	3,656
Provision	80	3,656
Write offs	0	0
Ending balance	3,736	3,656
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	3,195	3,079
Loans Of which individually evaluated for impairment
Loans Of which collectively evaluated for impairment	$ 57,940	$ 312,039

LOANS RECEIVABLE (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Gross	$ 62,510	$ 325,995
Loans and Leases Receivable, Nonperforming, Accrual of Interest	2,156	1,600
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	3,313	2,024
Loans Pledged as Collateral	0	1,204
Other Comprehensive Income (Loss) [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for Loan and Lease Losses	3,736	3,656	$ 0
Collateral Pledged [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Gross	7,031	19,255
Uncollateralized [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Gross	$ 55,479	$ 306,740
Maximum [Member] \| Collateral Pledged [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan period	36 months	6 months	24 months
Interest rate	26.00%
Maximum [Member] \| Uncollateralized [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan period	36 months
Interest rate	28.08%	24.00%
Minimum [Member] \| Collateral Pledged [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest rate	6.00%
Minimum [Member] \| Uncollateralized [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest rate	1.00%	4.00%

PROPERTY AND EQUIPMENT, NET (Schedule of Property and Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 364,259	$ 370,251
Less: Accumulated depreciation	(62,759)	(44,216)
Construction in progress	18,397	469
Property plant and equipment Net	319,897	326,504
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	263,392	281,801
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	40,288	35,751
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	1,531	1,833
Leasehold Improvement [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	21,627	13,445
Land [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 37,421	$ 37,421

PROPERTY AND EQUIPMENT, NET (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Depreciation expenses	$ 25,004	$ 14,668	$ 11,624
Property, Plant and Equipment, Additions	13,770
Scenario One [Member]
Property, Plant and Equipment [Line Items]
Building	$ 29,727

DEPOSIT FOR NON-CURRENT ASSETS (Narrative) (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Deposit Assets	$ 224,506
Debt Instrument, Collateral Amount	87,920
PRC in Beijing [Member]
Interest free non-refundable deposits for buildings	224,507
PRC in Chongqing [Member]
Interest free non-refundable deposits for buildings	13,084
PRC in Changzhou, Jiangsu Province [Member]
Interest free non-refundable deposits for buildings	$ 2,236

OTHER NON-CURRENT ASSETS (Schedule of other non-current assets ) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of Cost-method Investments [Line Items]
Rental and other deposits	$ 4,933	$ 2,375
Rental deposits paid to lessors for sublease services	1,711	4,420
Others	747	774
Other non-current assets	$ 7,391	$ 7,568

SHORT-TERM AND LONG-TERM LOANS (Schedule of Short-term and Long-term Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Short-term Debt [Line Items]
Short-term loans	$ 212,734	$ 100,000
Long-term loans	$ 65,190

SHORT-TERM AND LONG-TERM LOANS (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Bank deposit, serves as bank borrowing security, classified as current	$ 211,084	$ 103,179
Repayment of short-term loans	182,362	153,500	$ 90,000
Short-term Debt	212,734	100,000
Mortgages [Member]
Debt Instrument [Line Items]
Loans Payable, Current	9,310
Short Term Debt [Member]
Debt Instrument [Line Items]
Pledged deposits released by financial institutions		$ 103,179
Short-term Debt	$ 22,730
Short-term Debt, Weighted Average Interest Rate	1.92%	1.40%
Short Term Debt [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rates above LIBOR	0.90%	1.00%
Short Term Debt [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rates above LIBOR		1.05%
Long Term Debt [Member]
Debt Instrument [Line Items]
Proceeds from Bank Debt	$ 87,920
Long Term Debt [Member] \| Maturity on Demand [Member]
Debt Instrument [Line Items]
Loans Payable, Current	13,420
Bank Borrowings [Member]
Debt Instrument [Line Items]
Secured Bank Borrowings	190,000	$ 100,000
Bank Borrowings [Member] \| Short Term Debt [Member]
Debt Instrument [Line Items]
Bank deposit, serves as bank borrowing security, classified as current	$ 209,642	$ 103,179

ACCRUED EXPENSES AND OTHER LIABILITIES (Schedule of Accrued Expenses and Other Liabilities) (Details) - USD ($)
$ in Thousands

Dec. 31, 2016

Dec. 31, 2015

Payroll and welfare benefit

$ 18,467

$ 37,241

Other taxes and surcharges payable

^[1]

39,824

42,484

Accrued unrecognized tax benefits and related interest and penalties

121,856

104,211

Amounts payable to employees

^[2]

2,162

3,493

Amounts payable to sales and marketing agents

74,669

82,769

Accrued rental expenses

209

1,118

Amounts due to foremen and suppliers of decoration services

^[3]

4,872

23,765

Amounts due to Tianxiajin investors

^[4]

1,530

23,985

Down payments collected on behalf of secondary home sellers

3,116

4,452

Cash incentives payable to home buyers

^[5]

14,271

14,594

Amounts payable for purchase of treasury stock

^[6]

9,861

Others

27,702

23,481

Accrued expenses and other liabilities

$ 318,539

$ 361,593

[1]	Other taxes and surcharges payable consist of BT, VAT, cultural construction fee (“CCF”), city construction tax (“CCT”) and withholding individual income tax (“IIT”).
[2]	Amounts payable to employees represent cash collections from the designated broker upon the sale of exercised employee options on behalf of the employees.
[3]	Amounts due to foremen and suppliers of decoration services consist of service fees to the foremen and decoration materials cost to suppliers. In 2016, the Company gradually ceased providing decoration services.
[4]	This amount represents refundable deposits due to Tianxiajin investors. In 2016, the Company gradually ceased providing such services through its online financing platform.
[5]	Cash incentives payable to home buyers, are payable when home buyers successfully purchase new properties through the Company's platform and successfully registers on the Company's website.
[6]	This amount represents the purchase of treasury stock. The balance was subsequently settled in January 2017.

CUSTOMERS' REFUNDABLE FEES (Schedule of customers' refundable fees) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Balance at beginning of year	$ 59,107	$ 42,392
Cash received from customers during the year	371,837	392,750
Revenue recognized during the year	(272,083)	(204,282)
Payments to sales and marketing agents during the year	(33,251)	(95,212)
Refunds paid during the year	(90,061)	(73,526)
Amounts payable to real estate developers	(4,674)	0
Foreign currency translation adjustments	(2,245)	(3,015)
Balance at end of year	$ 28,630	$ 59,107

CONVERTIBLE SENIOR NOTES (principal amount and unamortized discount and debt issuance costs) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Principal amount	$ 305,700	$ 700,000
Unamortized discount and debt issuance costs	(10,432)	(15,397)
Debt Issuance Costs, Net	$ 295,268	$ 684,603

CONVERTIBLE SENIOR NOTES (Schedule of future principal payments) (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Aggregate future principal payments for long-term debt, including short-term loans
2017	$ 212,734
2018	13,150
2019	7,450
2020	7,450
2021 and thereafter	342,839
Total	$ 583,623

CONVERTIBLE SENIOR NOTES (Narrative) (Details) $ / shares in Units, $ in Thousands			1 Months Ended	12 Months Ended				13 Months Ended
	Dec. 15, 2016 USD ($)	Nov. 04, 2015 USD ($) shares	Sep. 24, 2015 USD ($) shares	Dec. 31, 2016 USD ($) $ / shares	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($) $ / shares	Sep. 24, 2016	Dec. 31, 2016 HKD / shares	Dec. 31, 2015 HKD / shares	Dec. 04, 2013 USD ($)
Debt Instrument [Line Items]
Total net proceeds from issuance of senior convertible notes					$ 300,000	$ 50,000
Debt Interest expense				17,001	$ 8,904	$ 8,111
Repayments of Convertible Debt				394,300
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets				$ 2,018
Carlyle Group [Member]
Debt Instrument [Line Items]
Minimum percentage of Company's total outstanding share capital to be owned by related party								1.00%
Percentage interest owned			72.00%
Ateefa Limited [Member]
Debt Instrument [Line Items]
Percentage interest owned			28.00%
Common Class A [Member]
Debt Instrument [Line Items]
Shares Issued \| shares \| shares		8,436,581	3,418,803
Consideration received from shares issued		$ 246,770	$ 100,000
Aggregate principle amount			$ 100,000
Convertible senior notes, due date		Nov. 03, 2022	Sep. 24, 2022
Convertible senior notes, interest rate		2.00%	1.50%
Total net proceeds from issuance of senior convertible notes		$ 446,059	$ 199,645
Ordinary shares, par value \| HKD / shares									HKD 1.00	HKD 1.00
November 2022 [Member]
Debt Instrument [Line Items]
Convertible senior notes, conversion price \| $ / shares				$ 35.83
Beneficial conversion feature (BCF) recognized				$ 12,113
Debt discount				$ 12,113
Ordinary shares, par value \| $ / shares				$ 38.00
2.00% Convertible Senior Notes due December 15, 2018 [Member] \| Overallotment Option [Member]
Debt Instrument [Line Items]
Consideration received from shares issued				$ 50,000
2.00% Convertible Senior Notes due December 15, 2018 [Member] \| Senior Notes Additional [Member]
Debt Instrument [Line Items]
Consideration received from shares issued				$ 400,000
Convertible senior notes, due date				Dec. 15, 2018
December 2018 Notes [Member]
Debt Instrument [Line Items]
Aggregate principle amount											$ 1,000
Convertible senior notes, interest rate				2.86%
Number of ADSs issuable upon conversion of notes per $1,000 principal amount							9.6839
Convertible senior notes, conversion price \| $ / shares							$ 103.26
Convertible senior notes, repurchase price percentage of principal amounts of notes	98.60%
Total net proceeds from issuance of senior convertible notes							$ 390,455
Repayments of Convertible Debt	$ 394,300
Reclassification of convertible notes	$ 570
Debt Related Commitment Fees and Debt Issuance Costs				$ 9,545
September 2022 Notes [Member]
Debt Instrument [Line Items]
Aggregate principle amount			$ 1,000
Convertible senior notes, interest rate				1.56%
Number of ADSs issuable upon conversion of notes per $1,000 principal amount		1.00
Convertible senior notes, redemption price percentage		35.83%	35.83%
Debt Conversion, Converted Instrument, Shares Issued \| shares		27.9086	27.9086
Debt Related Commitment Fees and Debt Issuance Costs				$ 355
November 2022 Notes [Member]
Debt Instrument [Line Items]
Aggregate principle amount		$ 1,000
Convertible senior notes, interest rate				1.56%
Debt Related Commitment Fees and Debt Issuance Costs				$ 711

SHAREHOLDERS' EQUITY (Details) $ in Thousands	1 Months Ended	12 Months Ended
SHAREHOLDERS' EQUITY (Details) $ in Thousands	Sep. 30, 2010 shares	Dec. 31, 2016 USD ($) shares	Dec. 31, 2016 HKD / shares	Feb. 25, 2016 USD ($)	Dec. 31, 2015 USD ($) shares	Dec. 31, 2015 HKD / shares	Feb. 10, 2015 USD ($)
Shareholders Equity [Line Items]
Shares Authorized	600,000,000
Declaration of dividends \| $							$ 82,751
Regulatory Restrictions on Payment of Dividends		As a result of these PRC laws and regulations that require annual appropriations of 10% of after-tax income to be set aside prior to payment of dividends as general reserve fund, the Company’s PRC subsidiaries are restricted in their ability to transfer a portion of their net assets to the Company.
Restricted net assets \| $		$ 742,676			$ 955,571
Stock Repurchase Program, Authorized Amount \| $				$ 200,000
Treasury Stock, Value, Acquired, Cost Method \| $		$ 136,615
Treasury Stock [Member]
Shareholders Equity [Line Items]
Treasury Stock, Shares, Acquired		7,065,058
Treasury Stock, Value, Acquired, Cost Method \| $		$ 136,615
Domestic [Member]
Shareholders Equity [Line Items]
Description of Other Additional Regulatory Limitations		Additionally, in accordance with the Company Law of the PRC, a domestic enterprise is required to provide a statutory common reserve of at least 10% of its annual after-tax profit until such reserve has reached 50% of its respective registered capital based on the enterprise’s PRC statutory accounts.
Common Class A [Member]
Shareholders Equity [Line Items]
Ordinary shares converted	50,767,426
Ordinary shares, par value \| HKD / shares			HKD 1.00			HKD 1.00
Ordinary Shares, Shares issued		71,077,816			70,736,679
Common Class B [Member]
Shareholders Equity [Line Items]
Ordinary shares converted	25,298,329
Ordinary shares, par value \| HKD / shares			HKD 1.00			HKD 1.00
Ordinary shares, voting rights	10
Ordinary Shares, Shares issued		24,336,650			24,336,650

TAXATION (Schedule of Income Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax [Line Items]
PRC	$ (136,773)	$ (5,008)	$ 365,370
Non-PRC	(7,878)	(16,030)	(30,544)
Income (loss) before income taxes and noncontrolling interests	$ (144,651)	$ (21,038)	$ 334,826

TAXATION (Schedule of Income Tax Expenses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax [Line Items]
Current tax expense	$ 27,685	$ 26,456	$ 54,270
Deferred tax expense (benefit)	(2,250)	(32,361)	27,339
IncomeTaxExpenseBenefit	$ 24,984	$ (5,905)	$ 81,609

TAXATION (Schedule of Reconciliation between Amount of Income Tax Expenses and Amount Computed by Applying Statutory Tax Rate to Income before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax [Line Items]
Income (loss) before income taxes	$ (144,651)	$ (21,038)	$ 334,826
Income tax at applicable tax rate of 25%	(36,163)	(5,260)	83,707
Effect of international tax rate differences	(598)	847	4,208
Non-deductible expenses	18,891	2,145	10,337
Effect of tax holidays or preferential tax rates	(5,759)	(5,985)	(54,757)
Effect of tax rate changes			(4,769)
Investment basis difference in the PRC Domestic Entities	(2,757)	(335)	3,884
Withholding tax		(30,578)	23,164
Research and development super-deduction		(1,667)	(2,284)
Changes in valuation allowance	30,856	28,041	(82)
Unrecognized tax benefits		(8,133)	393
Changes in interest and penalties on unrecognized tax benefits	15,270	15,020	17,808
Effective Income Tax Reconciliation Adjustments Total, Total	$ 24,984	$ (5,905)	$ 81,609

TAXATION (Schedule of Roll-forward of Unrecognized Tax Benefits, Exclusive of Related Interest and Penalties) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax [Line Items]
Balance at beginning of year	$ 70,296	$ 50,983	$ 24,756
Increase relating to prior year tax positions	5,070	32,227	26,307
Increase relating to current year tax positions	4,769	5,124
Decrease relating to reversal of prior years' tax position		(14,059)
Decrease relating to expiration of applicable statute of limitations		(1,787)
Foreign currency translation adjustments	(1,202)	(2,192)	(80)
Balance at end of year	$ 78,933	$ 70,296	$ 50,983

TAXATION (Schedule of Aggregate Amount and Per Share Effect of Tax Holidays and Preferential Tax Rates) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Holiday [Line Items]
The aggregate amount	$ (5,759)	$ (5,985)	$ (54,757)
Basic Earnings Per Share [Member]
Income Tax Holiday [Line Items]
Aggregate tax benefit per share	$ 0.06	$ 0.07	$ 0.67
Diluted Earnings Per Share [Member]
Income Tax Holiday [Line Items]
Aggregate tax benefit per share	$ 0.06	$ 0.07	$ 0.59

TAXATION (Schedule of Components of Deferred Taxes) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets
Net operating losses	$ 63,084	$ 34,807
Impairment of funds receivable	348
Impairment of loans receivable	65
Overcharged advertising and promotion fee	90	0
Share based compensation	5,351	4,263
Less: Valuation allowance	(64,166)	(33,580)
Total deferred tax assets, net	4,915	5,490
Deferred tax liabilities
Investment basis in the PRC entities	(57,413)	(62,224)
BaoAn Acquisition - Property	(13,011)	(14,407)
Deferred tax liabilities	$ (70,424)	$ (76,631)

TAXATION (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended			12 Months Ended
TAXATION (Narrative) (Details) - USD ($) $ in Thousands	Mar. 26, 2012	Apr. 30, 2009	Apr. 14, 2008	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax [Line Items]
Unrecognized Tax benefits					$ 78,933	$ 70,296	$ 50,983	$ 24,756
Unrecognized tax benefit that would impact the effective tax rate					67,346	61,770
Income tax expenses for interest and penalties					15,270	15,020	$ 17,808
Accrued Interest and penalties related to unrecognized tax benefits					54,510	42,441
Net Operating loss carry forwards					1,325
Deferred Tax Liabilities					28,716	28,716
Deferred Tax Liabilities					29,297	33,508
Temporary differences related to withholding taxes on undistributed earnings of subsidiaries					309,641
Temporary differences related to investment in subsidiaries					57,413	62,224
Accrued Expenses And Other Liabilities [Member]
Income Tax [Line Items]
Unrecognized Tax benefits					121,856	104,211
PRC Domestic Entities and the PRC Domestic Entities' subsidiaries [Member]
Income Tax [Line Items]
Temporary differences related to withholding taxes on undistributed earnings of subsidiaries					0	475,620
Temporary differences related to investment in subsidiaries					$ 30,964	$ 47,562
Hong Kong [Member]
Income Tax [Line Items]
Preferential tax rate					16.50%
Tax years open to examination					tax years 2010 through 2015
CHINA
Income Tax [Line Items]
Tax years open to examination					tax years 2011 through 2015
United States [Member]
Income Tax [Line Items]
Tax years open to examination					tax years 2013 through 2015
Latest Tax Year [Member]
Income Tax [Line Items]
Operating loss carry forwards expiration date					2021
Earliest Tax Year [Member]
Income Tax [Line Items]
Operating loss carry forwards expiration date					2017
Maximum [Member] \| Hong Kong [Member]
Income Tax [Line Items]
Examination period of the company's tax filings					6 years
Maximum [Member] \| CHINA
Income Tax [Line Items]
Examination period of the company's tax filings					5 years
Maximum [Member] \| United States [Member]
Income Tax [Line Items]
Examination period of the company's tax filings					3 years
Enterprise Income Tax Law [Member]
Income Tax [Line Items]
Transitional enterprise income tax rate					25.00%
Statutory Tax Rate			15.00%
Reduced enterprise income tax rate		15.00%
Beijing Hong An Tu Sheng Network Technology Co., Ltd. and Beijing Tuo Shi Huan Yu Network Technology Co., Ltd [Member] \| 2013 [Member]
Income Tax [Line Items]
Reduced enterprise income tax rate	12.50%
Beijing Hong An Tu Sheng Network Technology Co., Ltd. and Beijing Tuo Shi Huan Yu Network Technology Co., Ltd [Member] \| 2014 [Member]
Income Tax [Line Items]
Reduced enterprise income tax rate	12.50%
SouFun Shenzhen and SouFun Shanghai [Member]
Income Tax [Line Items]
Applicable enterprise income tax rate								25.00%
SouFun Media ,Beijing Zhongzhi, SouFun Network, Beijing Technology and Beijing JTX Technology [Member]
Income Tax [Line Items]
Preferential tax rate					15.00%				15.00%
SouFun Media ,Beijing Zhongzhi, SouFun Network, Beijing Technology and Beijing JTX Technology [Member] \| Subsequent Event [Member]
Income Tax [Line Items]
Preferential tax rate				15.00%
Naning Xuyin [Member]
Income Tax [Line Items]
Number Of Shares Transferred					30,595,859

SHARE-BASED PAYMENTS - (Summary of Equity Award Activity) (Details) - USD ($)
$ / shares in Units, $ in Thousands

12 Months Ended

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Number of Share

Outstanding Beginning Balance

^[1]

8,240,623

Granted

2,738,200

^[1]

2,263,092

Forfeited

^[1]

(527,191)

Expired

^[1]

(282,798)

Exercised

^[1]

(363,417)

Outstanding Ending Balance

^[1]

9,805,417

8,240,623

Vested and expected to vest at December 31, 2016

^[1]

9,805,417

Exercisable at December 31, 2016

^[1]

7,283,716

Weighted Average Exercise Price

Outstanding Beginning Balance

$ 13.8

21.02

27.33

8.1

10.44

Outstanding Ending Balance

15.38

$ 13.8

Vested and expected to vest at December 31, 2016

15.38

Exercisable at December 31, 2016

13.61

Weighted Average Grant Date Fair Value

Outstanding Beginning Balance

4.21

10.52

9.41

2.5

3.77

Outstanding Ending Balance

5.77

$ 4.21

Vested and expected to vest at December 31, 2016

5.77

Exercisable at December 31, 2016

$ 4.22

Weighted Average Remaining Contractual Term

Outstanding Beginning Balance

5 years 11 months 23 days

Outstanding Ending Balance

6 years 2 months 12 days

Vested and expected to vest at December 31, 2016

6 years 2 months 12 days

Exercisable at December 31, 2016

5 years 14 days

Aggregated Intrinsic Value

Outstanding Beginning Balance

$ 190,761

Outstanding Ending Balance

10,011

$ 190,761

Vested and expected to vest at December 31, 2016

10,011

Exercisable at December 31, 2016

$ 20,328

[1]	Included both Class A and Class B ordinary shares.

SHARE-BASED PAYMENTS - (Schedule of Assumptions Used to Estimate Fair Value) (Details)	12 Months Ended
	Dec. 31, 2016 $ / shares
Assumptions Used To Determine Fair Value Options [Line Items]
Dividend yield
Weighted average expected life	6 years 4 months 6 days
Estimated forfeiture rate	0.00%
Minimum [Member]
Assumptions Used To Determine Fair Value Options [Line Items]
Risk-free interest rate	1.97%
Expected volatility range	49.66%
Fair value of ordinary share	$ 6.85
Maximum [Member]
Assumptions Used To Determine Fair Value Options [Line Items]
Risk-free interest rate	2.23%
Expected volatility range	50.18%
Fair value of ordinary share	$ 7.60

SHARE-BASED PAYMENTS - (Schedule of Share - Based Compensation Expense) (Details) - 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]
Allocated Share Based Compensation Expense	$ 6,552	$ 4,402	$ 4,682
Cost of revenues [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share Based Compensation Expense	443	471	782
Selling expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share Based Compensation Expense	512	446	1,122
General and administrative expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share Based Compensation Expense	$ 5,597	$ 3,485	$ 2,778

SHARE-BASED PAYMENTS - (Narrative) (Details)
$ / shares in Units, $ in Thousands

1 Months Ended

12 Months Ended

Aug. 04, 2010

Sep. 01, 1999

Dec. 31, 2016

USD ($)

$ / shares

Dec. 31, 2015

USD ($)

Dec. 31, 2014

USD ($)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Aggregate intrinsic value of options

$ 10,011

$ 12,853

$ 45,826

Weighted average grant-date fair value per share of options granted | $ / shares

$ 10.52

Recognition period for cost related to options

3 years 2 months 23 days

Granted | shares

2,738,200

^[1]

2,263,092

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized

$ 24,968

Minimum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Suboptimal exercise factor

1.5

Stock Incentive Plan 2010 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percentage of Shares Issuable to Director and Employees

10.00%

Service Vesting condition for awards

4 years

Share Based Awards Contractual Life

10 years

Stock Plan 1999 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percentage of Shares Issuable to Director and Employees

12.00%

Return Period of Awards in case of cessation of employment and violation of certain provisions

2 years

Percent of awards vest

10.00%

Percent of awards vest

20.00%

Percent of awards vest

40.00%

Percent of awards vest

30.00%

Contractual life of the special stock options

10 years

Stock Plan 1999 [Member] | Maximum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Service Vesting condition for awards

4 years

Share based awards expiration period

15 years

Stock Plan 1999 [Member] | Minimum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Service Vesting condition for awards

3 years

Share based awards expiration period

10 years

[1]	Included both Class A and Class B ordinary shares.

RELATED PARTY TRANSACTIONS (Summary of Related Parties Transaction by Related Party) (Details)	12 Months Ended
	Dec. 31, 2016
Vincent Tianquan Mo [Member]
Related Party Transaction [Line Items]
Relationship with the Group	Executive chairman of the board of directors and chief executive officer
Richard Jiangong Dai [Member]
Related Party Transaction [Line Items]
Relationship with the Group	Director of the board up until February 25, 2016
Wall Street Global Training Center [Member]
Related Party Transaction [Line Items]
Relationship with the Group	A company under the control of Vincent Tianquan Mo and two other independent directors
Beihai Silver Beach [Member]
Related Party Transaction [Line Items]
Relationship with the Group	A company under the control of Vincent Tianquan Mo
Che Tian Xia Company [Member]
Related Party Transaction [Line Items]
Relationship with the Group	A company under the control of Vincent Tianquan Mo and Richard Jiangong Dai
Guangxi Wharton [Member]
Related Party Transaction [Line Items]
Relationship with the Group	A company under the control of Vincent Tianquan Mo
Research Center [Member]
Related Party Transaction [Line Items]
Relationship with the Group	A company under the control of Vincent Tianquan Mo
Upsky Long Island [Member]
Related Party Transaction [Line Items]
Relationship with the Group	A company under the control of Vincent Tianquan Mo
Upsky San Francisco [Member]
Related Party Transaction [Line Items]
Relationship with the Group	A company under the control of Vincent Tianquan Mo
Upsky Lighthouse Hotel [Member]
Related Party Transaction [Line Items]
Relationship with the Group	A company under the control of Vincent Tianquan Mo
Nanning Xuyin Business [Member]
Related Party Transaction [Line Items]
Relationship with the Group	A company under the control of Vincent Tianquan Mo
New York Military Academy [Member]
Related Party Transaction [Line Items]
Relationship with the Group	A company of which Vincent Tianquan Mo is a director

RELATED PARTY TRANSACTIONS (Schedule of Related Party Transactions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Office Building Lease	$ 154	$ 169	$ 174
Vincent Tianquan Mo [Member]
Related Party Transaction [Line Items]
Office Building Lease	154	169	174
Beihai Silver Beach [Member] \| Management Services [Member]
Related Party Transaction [Line Items]
Service fee incurred	421	470	700
Beihai Silver Beach [Member] \| Hotel Operating Costs [Member]
Related Party Transaction [Line Items]
Service fee incurred	113
Upsky San Francisco [Member] \| Hotel Operating Costs [Member]
Related Party Transaction [Line Items]
Service fee incurred	17	20	7
Upsky Lighthouse [Member] \| Hotel Operating Costs [Member]
Related Party Transaction [Line Items]
Service fee incurred		1
Upsky Long Island [Member] \| Hotel Operating Costs [Member]
Related Party Transaction [Line Items]
Service fee incurred	81	116	203
New York Military Academy [Member]
Related Party Transaction [Line Items]
Service fee incurred	111
New York Military Academy [Member] \| Training Fee [Member]
Related Party Transaction [Line Items]
Service fee incurred	$ 111

RELATED PARTY TRANSACTIONS (Schedule of Amounts Due to Related Party) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Beihai Silver Beach [Member]
Related Party Transaction [Line Items]
Amounts due to (from) a related party	$ 197	$ 262

RELATED PARTY TRANSACTIONS - (Narrative) (Details) $ in Thousands		1 Months Ended		12 Months Ended
	Apr. 02, 2013	Apr. 30, 2013	Mar. 01, 2012	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($) shares	Dec. 31, 2014 USD ($)	Dec. 31, 2012 ft²
Transactions With Third Party [Line Items]
Free rental space \| ft²							220
Office Building Lease				$ 154	$ 169	$ 174
Tianquan Vincent Mo [Member]
Transactions With Third Party [Line Items]
Lease period			10 years
Naning Xuying [Member]
Transactions With Third Party [Line Items]
Number Of Shares Transferred \| shares					30,595,859
Beihai Silver Beach [Member]
Transactions With Third Party [Line Items]
Lease period	10 years
Beihai Silver Beach [Member] \| Management Services [Member]
Transactions With Third Party [Line Items]
Service fee incurred				421	$ 470	700
Beihai Silver Beach [Member] \| Hotel Operating Costs [Member]
Transactions With Third Party [Line Items]
Service fee incurred				113
Upsky San Francisco [Member] \| Hotel Operating Costs [Member]
Transactions With Third Party [Line Items]
Service fee incurred				17	20	7
Upsky Long Island [Member] \| Hotel Operating Costs [Member]
Transactions With Third Party [Line Items]
Service fee incurred				81	116	$ 203
Upsky Lighthouse Hotel [Member] \| Hotel Operating Costs [Member]
Transactions With Third Party [Line Items]
Service fee incurred					$ 1
New York Military Academy [Member]
Transactions With Third Party [Line Items]
Service fee incurred				$ 111
Domain [Member] \| Che Tian Xia Company [Member]
Transactions With Third Party [Line Items]
Related party transaction, domain name use period		5 years
Nanning Xuyin [Member] \| Tianquan Vincent Mo [Member]
Transactions With Third Party [Line Items]
Entity owned percentage					80.00%
Guilin Bank [Member] \| Tianquan Vincent Mo [Member]
Transactions With Third Party [Line Items]
Shares hold by entity \| shares					73,430,061

COMMITMENTS AND CONTINGENCIES (Schedule of Future Minimum Lease Payments under Non Cancelable Operating Leases) (Details) $ in Thousands	Dec. 31, 2016 USD ($)
2017	$ 70,851
2018	33,850
2019	8,505
2020	3,873
2021 and thereafter	574
Operating Leases, Future Minimum Payments Due, Total	$ 117,653

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Rental expenses for operating Lease	$ 66,330	$ 33,769	$ 14,302
Unrecognized Tax benefits	78,933	$ 70,296	$ 50,983	$ 24,756
Accrued Expenses And Other Liabilities [Member]
Unrecognized Tax benefits	$ 121,856

SEGMENT REPORTING (Schedule of Revenues by Product Groups) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue from External Customer [Line Items]
Total gross revenues	$ 916,391	$ 883,549	$ 702,882
Listing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	118,109	107,922	145,654
E Commerce [Member]
Revenue from External Customer [Line Items]
Total gross revenues	577,684	474,810	244,344
Marketing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	165,437	249,862	294,484
Financial Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	29,602	29,582	3,235
Other Value Added Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	25,559	21,373	15,165
Other Product Group [Member] \| Listing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	643	2,410	2,463
Other Product Group [Member] \| E Commerce [Member]
Revenue from External Customer [Line Items]
Total gross revenues	312,101	156,198	50
Other Product Group [Member] \| Financial Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	6,878	9,426	308
Research Services [Member] \| Listing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	22,959	21,540	19,019
Research Services [Member] \| Other Value Added Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	25,559	21,373	15,165
New Home [Member] \| E Commerce [Member]
Revenue from External Customer [Line Items]
Total gross revenues	265,583	318,612	244,294
New Home [Member] \| Marketing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	144,631	219,057	260,333
New Home [Member] \| Financial Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	22,724	20,156	2,927
Secondary And Rental Properties [Member] \| Listing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	94,507	83,972	124,172
Secondary And Rental Properties [Member] \| Marketing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	1,635	2,498	1,093
Home Furnishing And Improvement [Member] \| Marketing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	$ 19,171	$ 28,307	$ 33,058

SEGMENT REPORTING (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
United States [Member] \| Land And Building [Member]
Segment Reporting Information [Line Items]
Long Lived Tangible Assets Located Outside Country	$ 57,414	$ 52,974

EARNINGS (LOSS) PER SHARE (Schedule of Basic and Diluted Earnings Per Share) (Details)
$ / shares in Units, $ in Thousands

12 Months Ended

Dec. 31, 2016

USD ($)

$ / shares

Dec. 31, 2016

HKD / shares

Dec. 31, 2015

USD ($)

$ / shares

Dec. 31, 2015

HKD / shares

Dec. 31, 2014

USD ($)

$ / shares

Dec. 31, 2014

HKD / shares

Denominator:

Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share

93,605,749

85,170,886

82,163,135

Earnings (loss) per share - basic | $ / shares

$ (1.81)

$ (0.18)

$ 3.08

Numerator:

Net income (loss) attributable to ordinary shareholders | $

$ (169,635)

$ (15,133)

$ 253,217

Denominator:

Employee stock options

^[1]

9,805,417

8,240,623

Denominator used for diluted earnings (loss) per share

93,605,749

85,170,886

92,208,620

Earnings (loss) per share -diluted | $ / shares

$ (1.81)

$ (0.18)

$ 2.87

Common Class B [Member]

Numerator:

Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share-basic | $

$ (44,104)

$ (4,313)

$ 75,003

Denominator:

Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share

24,336,650

Denominator used for basic earnings (loss) per share

24,336,650

Earnings (loss) per share - basic | $ / shares

$ (1.81)

$ (0.18)

$ 3.08

Numerator:

Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share | $

$ (44,104)

$ (4,313)

$ 75,224

Effect of convertible senior notes | $

Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share-diluted after assumed conversion | $

(44,104)

(4,313)

75,224

Reallocation of net income (loss) attributable to ordinary shareholders as a result of conversion of Class B to Class A shares | $

Net income (loss) attributable to ordinary shareholders | $

$ (44,104)

$ (4,313)

$ 75,224

Denominator:

Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share | HKD / shares

HKD 24,336,650

Conversion of Class B to Class A ordinary shares

Employee stock options

1,912,500

Convertible senior notes

Denominator used for diluted earnings (loss) per share

24,336,650

26,249,150

Earnings (loss) per share -diluted | $ / shares

$ (1.81)

$ (0.18)

$ 2.87

Common Class A [Member]

Numerator:

Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share-basic | $

$ (125,531)

$ (10,783)

$ 178,214

Denominator:

Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share

69,269,099

60,834,236

57,826,486

Denominator used for basic earnings (loss) per share

69,269,099

60,834,236

57,826,485

Earnings (loss) per share - basic | $ / shares

$ (1.81)

$ (0.18)

$ 3.08

Numerator:

Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share | $

$ (125,531)

$ (10,783)

$ 177,993

Effect of convertible senior notes | $

11,032

Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share-diluted after assumed conversion | $

(125,531)

(10,783)

189,025

Reallocation of net income (loss) attributable to ordinary shareholders as a result of conversion of Class B to Class A shares | $

(44,104)

(4,313)

75,224

Net income (loss) attributable to ordinary shareholders | $

$ (125,531)

$ (15,096)

$ 264,249

Denominator:

Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share | HKD / shares

HKD 69,269,099

HKD 60,834,236

HKD 57,826,485

Conversion of Class B to Class A ordinary shares

24,336,650

Employee stock options

6,106,284

Convertible senior notes

3,939,200

Denominator used for diluted earnings (loss) per share

93,605,749

85,170,866

92,208,620

Earnings (loss) per share -diluted | $ / shares

$ (1.81)

$ (0.18)

$ 2.87

[1]	Included both Class A and Class B ordinary shares.

EARNINGS (LOSS) PER SHARE (Narrative) (Details)	12 Months Ended
EARNINGS (LOSS) PER SHARE (Narrative) (Details)	Dec. 31, 2016 $ / shares shares
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,763,088
December 2018 Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,153,642
Debt Instrument, Convertible, Conversion Price \| $ / shares	$ 19.62
September 2022 Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,790,860
Debt Instrument, Convertible, Conversion Price \| $ / shares	$ 7.166
November 2022 Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,581,720
Debt Instrument, Convertible, Conversion Price \| $ / shares	$ 7.166

CONDENSED BALANCE SHEETS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 336,528	$ 817,921	$ 354,760	$ 581,010
Prepayments and other current assets	39,824	60,265
Total current assets	793,210	1,514,738
Non-current assets:
Property and equipment, net	319,897	326,504
Long-term investments	231,880	244,678
Total non-current assets	821,603	777,304
Total assets	1,614,813	2,292,042
Current liabilities:
Accrued expenses and other liabilities	318,539	361,593
Total current liabilities	695,690	1,072,685
Non-current liabilities:
Convertible senior notes	295,268	287,887
Total non-current liabilities	431,298	364,830
Total liabilities	1,126,988	1,437,515
Commitments and contingencies
Shareholders' equity:
Additional paid-in capital	488,943
Accumulated other comprehensive income (loss)	(81,349)	(10,364)
Retained earnings	203,870	373,505
Treasury stock	(136,615)
Total shareholders' equity	487,130	853,766
Total liabilities and shareholders' equity	1,614,813	2,292,042
Common Class A [Member]
Shareholders' equity:
Ordinary Shares, Value	9,157	9,110
Common Class B [Member]
Shareholders' equity:
Ordinary Shares, Value	3,124	3,124
Parent Company [Member]
Current assets:
Cash and cash equivalents	34,072	427,156	$ 20,374	$ 238,947
Prepayments and other current assets	491	980
Amounts due from subsidiaries		21,743
Total current assets	34,563	449,879
Non-current assets:
Property and equipment, net	12	26
Long-term investments	54,408	46,364
Investment in subsidiaries, PRC Domestic Entities and PRC Domestic Entities' subsidiaries	753,117	1,044,465
Total non-current assets	807,537	1,090,855
Total assets	842,100	1,540,734
Current liabilities:
Accrued expenses and other liabilities	11,401	2,365
Amounts due to subsidiaries and PRC Domestic Entities	48,301
Convertible senior notes		396,716
Total current liabilities	59,702	399,081
Non-current liabilities:
Convertible senior notes	295,268	287,887
Total non-current liabilities	295,268	287,887
Total liabilities	354,970	686,968
Commitments and contingencies
Shareholders' equity:
Additional paid-in capital	488,943	478,391
Accumulated other comprehensive income (loss)	(81,349)	(10,364)
Retained earnings	203,870	373,505
Treasury stock	(136,615)
Total shareholders' equity	487,130	853,766
Total liabilities and shareholders' equity	842,100	1,540,734
Parent Company [Member] \| Common Class A [Member]
Shareholders' equity:
Ordinary Shares, Value	9,157	9,110
Parent Company [Member] \| Common Class B [Member]
Shareholders' equity:
Ordinary Shares, Value	$ 3,124	$ 3,124

CONDENSED BALANCE SHEETS (Details) (Parenthetical) - HKD / shares	Dec. 31, 2016	Dec. 31, 2015
Class A and Class B ordinary shares, shares authorized	600,000,000	600,000,000
Common Class A [Member]
Ordinary shares, par value	HKD 1.00	HKD 1.00
Ordinary Shares, Shares issued	71,077,816	70,736,679
Ordinary Shares, Shares outstanding	64,012,758	70,736,679
Common Class B [Member]
Ordinary shares, par value	HKD 1.00	HKD 1.00
Ordinary Shares, Shares issued	24,336,650	24,336,650
Ordinary Shares, Shares outstanding	24,336,650	24,336,650
Parent Company [Member]
Class A and Class B ordinary shares, shares authorized	600,000,000	600,000,000
Parent Company [Member] \| Common Class A [Member]
Ordinary shares, par value	HKD 1.00	HKD 1.00
Ordinary Shares, Shares issued	64,012,758	70,736,679
Ordinary Shares, Shares outstanding	64,012,758	70,736,679
Parent Company [Member] \| Common Class B [Member]
Ordinary shares, par value	HKD 1.00	HKD 1.00
Ordinary Shares, Shares issued	24,336,650	24,336,650
Ordinary Shares, Shares outstanding	24,336,650	24,336,650

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Revenues	$ 916,391	$ 883,549	$ 702,882
Cost of revenues	(687,184)	(555,389)	(145,739)
Gross profit	229,207	328,160	557,143
General and administrative (expenses) income	(151,251)	(125,405)	(100,571)
Operating (loss) income	(151,446)	(34,473)	309,533
Interest income	11,367	22,221	43,857
Interest expenses	(20,791)	(16,519)	(17,308)
Realized gain on available-for-sale security (including accumulated other comprehensive income reclassifications for unrealized net gain on available-for-sale security of nil, nil and 10,583 for the years ended December 31, 2014, 2015 and 2016, respectively)	10,583
Investment income	3,281	1,333	0
Other-than-temporary impairment on available-for-sale securities			(8,417)
Foreign exchange gain (loss)	(1,882)	1,464	(44)
Income (loss) before income taxes	(144,651)	(21,038)	334,826
Income tax expenses	(24,984)	5,905	(81,609)
Net income (loss)	(169,635)	(15,133)	253,217
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(60,732)	(55,928)	(4,323)
Amounts reclassified from accumulated other comprehensive income	10,583
Unrealized gain (loss) on available-for-sale securities	7,326	(4,002)	10,508
Other comprehensive income (loss), net of tax	(70,985)	(59,930)	6,185
Comprehensive income (loss)	(240,620)	(75,063)	259,402
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Revenues
Cost of revenues
Gross profit
General and administrative (expenses) income	3,610	3,023	(867)
Operating (loss) income	3,610	3,023	(867)
Equity in profits (losses) of subsidiaries, PRC Domestic Entities and PRC Domestic Entities' subsidiaries	(167,967)	(6,254)	270,241
Interest income	1,775	260	3,303
Interest expenses	(17,807)	(12,108)	(11,033)
Realized gain on available-for-sale security (including accumulated other comprehensive income reclassifications for unrealized net gain on available-for-sale security of nil, nil and 10,583 for the years ended December 31, 2014, 2015 and 2016, respectively)	10,583
Investment income	1,571
Other-than-temporary impairment on available-for-sale securities	(2,232)		(8,417)
Foreign exchange gain (loss)	832	(17)	(10)
Income (loss) before income taxes	(169,635)	(15,096)	253,217
Income tax expenses
Net income (loss)	(169,635)	(15,096)	253,217
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(67,728)	(55,928)	(4,323)
Amounts reclassified from accumulated other comprehensive income	(10,583)
Unrealized gain (loss) on available-for-sale securities	7,326	(4,002)	10,508
Other comprehensive income (loss), net of tax	(70,985)	(59,930)	6,185
Comprehensive income (loss)	$ (240,620)	$ (75,026)	$ 259,402

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Details) (Parenthetical) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated other comprehensive income reclassifications for unrealized net gains on available-for-sale security	$ 10,583	$ 10,583
Parent Company [Member]
Accumulated other comprehensive income reclassifications for unrealized net gains on available-for-sale security		$ 10,583

CONDENSED STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 131,240	$ (165,310)	$ 214,459
Net cash (used in) provided by investing activities	(127,946)	58,562	(631,131)
Net cash (used in) provided by financing activities	(465,615)	587,471	192,065
Net (decrease) increase in cash and cash equivalents	(481,393)	463,161	(226,250)
Cash and cash equivalents at beginning of year	817,921	354,760	581,010
Cash and cash equivalents at end of year	336,528	817,921	354,760
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	117,398	(4,718)	914
Net cash (used in) provided by investing activities	11,575	(78,196)	(118,045)
Net cash (used in) provided by financing activities	(522,057)	489,695	(101,442)
Net (decrease) increase in cash and cash equivalents	(393,084)	406,782	(218,573)
Cash and cash equivalents at beginning of year	427,156	20,374	238,947
Cash and cash equivalents at end of year	$ 34,072	$ 427,156	$ 20,374

DEPOSIT FOR NON-CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Non-refundable deposit	$ 240,712	$ 137,715
Buildings [Member]
Non-refundable deposit	239,827	135,299
Others [Member]
Non-refundable deposit	$ 885	$ 2,416