Document and Entity Information	12 Months Ended
Document and Entity Information	Dec. 31, 2015 shares
Entity Registrant Name	SouFun Holdings Ltd
Entity Central Index Key	0001294404
Document Type	20-F
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer	No
Is Entity a Voluntary Filer	No
Is Entity's Reporting Status Current	No
Entity Filer Category	Large Accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2015
Common Class A [Member]
Entity Common Stock, Shares Outstanding	70,731,239
Common Class B [Member]
Entity Common Stock, Shares Outstanding	24,336,650

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 817,921	$ 354,760
Restricted cash, current	103,179	97,988
Short-term investments	62,559	455,184
Accounts receivable (net of allowance of US$21,397 and US$31,064 as of December 31, 2014 and 2015, respectively)	147,516	49,691
Funds receivable	45,400	62,163
Prepayments and other current assets	60,265	30,161
Commitment deposits	10,646	47,312
Loans receivable, current	266,990	$ 79,641
Amount due from a related party	$ 262
Deferred tax assets, current		$ 2,991
Total current assets	$ 1,514,738	1,179,891
Non-current assets:
Property and equipment, net	326,504	217,105
Loans receivable, non-current	$ 55,349	2,009
Restricted cash, non-current		109,495
Deferred tax assets, non-current	$ 5,490	1,570
Deposit for non-current assets	137,715	86,515
Long-term investments	$ 244,678	121,292
Prepayment for business acquisition		9,806
Other non-current assets	$ 10,852	16,556
Total non-current assets	780,588	564,348
Total assets	2,295,326	1,744,239
Current liabilities:
Short-term loans	100,000	80,750
Deferred revenue (including deferred revenue of the People's Republic of China ("PRC") Domestic Entities and the PRC Domestic Entities' subsidiaries without recourse to the Company of US$30,671 and US$46,455 as of December 31, 2014 and 2015, respectively)	145,321	119,042
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$64,846 and US$109,726 as of December 31, 2014 and 2015, respectively)	361,593	221,901
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$17,637 and US$36,245 as of December 31, 2014 and 2015, respectively)	59,107	42,392
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$6,742 and US$1,872 as of December 31, 2014 and 2015, respectively)	$ 9,948	35,394
Amounts due to a related party		$ 660
Convertible senior notes	$ 400,000
Total current liabilities	$ 1,075,969	$ 500,139
Non-current liabilities:
Long-term loans		100,000
Convertible senior notes	$ 287,887	400,000
Deferred tax liabilities, non-current	76,631	111,026
Other non-current liabilities (including other non-current liabilities of the PRC Domestic Entities and the PRC Domestic Entities' subsidiaries without recourse to the Company of US$4 and nil as of December 31, 2014 and 2015, respectively)	312	385
Total non-current liabilities	364,830	611,411
Total liabilities	$ 1,440,799	$ 1,111,550
Commitments and contingencies
Shareholders' equity:
Additional paid-in capital	$ 478,391	$ 101,072
Accumulated other comprehensive income (loss)	(10,364)	49,566
Retained earnings	373,505	471,352
Total SouFun Holdings Limited shareholders' equity	853,766	632,609
Noncontrolling interests	761	80
Total shareholders' equity	854,527	632,689
Total liabilities and shareholders' equity	2,295,326	1,744,239
Common Class A [Member]
Shareholders' equity:
Ordinary shares	9,110	7,495
Common Class B [Member]
Shareholders' equity:
Ordinary shares	$ 3,124	$ 3,124

CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Dec. 31, 2015 USD ($) shares	Dec. 31, 2014 USD ($) shares
Accounts receivable, allowance	$ 31,064	$ 21,397
Deferred revenue	145,321	119,042
Accrued expenses and other liabilities	361,593	221,901
Customers' refundable fees	59,107	42,392
Income tax payable	9,948	35,394
Other non-current liabilities	$ 312	$ 385
Class A and Class B ordinary shares, shares authorized \| shares	600,000,000	600,000,000
PRC Domestic Entities [Member]
Deferred revenue	$ 46,455	$ 30,671
Accrued expenses and other liabilities	109,726	64,846
Customers' refundable fees	36,245	17,637
Income tax payable	$ 1,872	6,742
Other non-current liabilities		$ 4
Common Class A [Member]
Ordinary Shares, Shares issued \| shares	70,736,679	58,364,924
Ordinary Shares, Shares outstanding \| shares	70,736,679	58,364,924
Common Class B [Member]
Ordinary Shares, Shares issued \| shares	24,336,650	24,336,650
Ordinary Shares, Shares outstanding \| shares	24,336,650	24,336,650

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Total gross revenues	$ 883,549	$ 702,882	$ 637,379
Cost of revenues
Cost of services	(555,389)	(145,739)	(102,488)
Total cost of revenues	(555,389)	(145,739)	(102,488)
Gross profit	328,160	557,143	534,891
Operating (expenses) income
Selling expenses	(236,603)	(147,874)	(101,935)
General and administrative expenses (including related party amounts of US$1,109, US$1,084 and US$776 for the years ended December 31, 2013, 2014 and 2015, respectively)	(125,405)	(100,571)	(83,384)
Other income (loss)	(625)	835	786
Operating income (loss)	(34,473)	309,533	350,358
Foreign exchange gain (loss)	1,464	(44)	3
Interest income	22,221	43,857	27,803
Interest expense	$ (16,519)	$ (17,308)	(14,675)
Realized gain on available-for-sale security (including accumulated other comprehensive income reclassifications for unrealized gain on available-for-sale security of US$821,nil and nil for the years ended December 31, 2013, 2014 and 2015, respectively)			821
Government grants	$ 4,936	$ 7,205	$ 4,031
Investment income	$ 1,333
Other-than-temporary impairment on available-for-sale securities		$ (8,417)
Gain on bargain purchase			$ 102
Income (loss) before income taxes and noncontrolling interests	$ (21,038)	$ 334,826	368,443
Income tax (expense) benefit	5,905	(81,609)	(69,781)
Net income (loss)	(15,133)	$ 253,217	298,662
Net income (loss) attributable to noncontrolling interests	(37)		53
Net income(loss) attributable to SouFun Holdings Limited's shareholders	(15,096)	$ 253,217	298,609
Other comprehensive income (loss), before tax
Foreign currency translation adjustments	(55,928)	(4,323)	20,150
Unrealized gain(loss) on available-for-sale securities	$ (4,002)	$ 10,508	78
Reclassification adjustment for gain included in net income			(821)
Other comprehensive income (loss), before tax	$ (59,930)	$ 6,185	$ 19,407
Income tax expense related to components of other comprehensive income
Other comprehensive income, net of tax	$ (59,930)	$ 6,185	$ 19,407
Comprehensive income (loss)	(75,063)	$ 259,402	318,069
Comprehensive income (loss) attributable to noncontrolling interests	(37)		53
Comprehensive income (loss) attributable to SouFun Holdings Limited's shareholders	$ (75,026)	$ 259,402	$ 318,016
Earnings (loss) per share for Class A and Class B ordinary shares
Basic	$ (0.18)	$ 3.08	$ 3.82
Diluted	$ (0.18)	$ 2.87	$ 3.54
Weighted average number of Class A and Class B ordinary shares outstanding:
Basic	85,170,886	82,163,135	78,101,205
Diluted	85,170,886	92,208,620	84,602,678
E Commerce [Member]
Revenues
Total gross revenues	$ 474,810	$ 244,344	$ 188,107
Marketing Services [Member]
Revenues
Total gross revenues	249,862	294,484	278,322
Listing Services [Member]
Revenues
Total gross revenues	107,922	145,654	$ 161,547
Financial Services [Member]
Revenues
Total gross revenues	29,582	3,235
Other value-added services [Member]
Revenues
Other Revenues	$ 21,373	$ 15,165	$ 9,403

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
General and administrative expenses	$ 125,405	$ 100,571	$ 83,384
Accumulated other comprehensive income reclassifications for unrealized gain on available-for-sale security			821
Related Party [Member]
General and administrative expenses	$ 776	$ 1,084	$ 1,109

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (15,133)	$ 253,217	$ 298,662
Adjustments to reconcile net income (loss) to net cash generated from (used in)operating activities:
Share-based compensation	4,497	4,682	7,028
Depreciation of property and equipment	14,668	11,624	9,701
Deferred tax expenses (benefits)	(32,361)	27,339	15,482
Allowance for doubtful accounts	$ 18,649	$ 17,377	13,437
Realized gain on available-for-sale security			$ (821)
Other-than-temporary impairment on available-for-sale security		$ 8,417
Amortization of loan origination costs	$ 1,393	1,812	$ 3,483
Amortization of issuance costs for convertible senior notes	3,196	3,033	164
Deemed rental expense (Note 20)	$ 169	$ 174	175
Gain on bargain purchase			(102)
Changes in operating assets and liabilities:
Accounts receivable	$ (118,797)	$ (22,697)	(25,457)
Funds receivable	13,177	(25,173)	(29,288)
Prepayments and other current assets	(35,333)	8,799	$ (12,330)
Commitment deposits	36,666	(47,312)
Loans receivable, current	(53,340)	(2,009)
Loans receivable, non-current	(192,059)	$ (79,641)
Amount due from a related party	(262)
Other non-current assets	2,250	$ (4,275)	$ 107
Deferred revenue	33,099	4,420	46,426
Accrued expenses and other liabilities	106,412	50,085	41,408
Customers' refundable fees	19,161	(10,502)	33,527
Income tax payable	29,346	15,064	6,398
Amount due to a related party	(657)	120	537
Other non-current liabilities	(51)	(95)	(481)
Net cash generated from (used in) operating activities	(165,310)	214,459	408,056
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of fixed-rate time deposits	(129,759)	(1,268,688)	(9,984)
Proceeds from maturity of fixed-rate time deposits	$ 507,007	$ 822,804	25,843
Proceeds from disposal of an available-for-sale security			1,464
Acquisition of property and equipment	$ (45,151)	$ (7,976)	(6,730)
Payment for business acquisitions		$ (9,806)	$ (12,781)
Purchase of land use right	$ (54)
Acquisition of long-term investments	(127,388)	$ (119,312)
Proceeds from disposal of property and equipment	635	96	$ 138
Deposits for non-current assets	(146,728)	(48,249)	(37,720)
Net cash (used in) generated from investing activities	58,562	$ (631,131)	$ (39,770)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of Class A ordinary shares	346,775
Proceeds from exercise of share options	8,416	$ 12,485	$ 26,011
Proceeds from issuance of shares by a PRC Domestic Entity's subsidiary	718	$ 80
Proceeds from short-term loans	$ 72,750
Proceeds from long-term loans			$ 100,000
Repayment of short-term loans	$ (153,500)	$ (90,000)	(180,670)
Proceeds from an issuance of convertible senior notes	$ 300,000	50,000	350,000
Payment of issuance costs for convertible senior notes		$ (1,144)	(8,420)
Return of share capital to noncontrolling interest holder upon disposal of a PRC Domestic Entity's subsidiary			(683)
Repayment of loans from noncontrolling interests			(5,728)
Payment of loan origination costs	$ (15)	$ (781)	(4,097)
Payment of dividends	(82,751)	(82,380)	(81,046)
Changes in restricted cash	95,078	303,805	(108,218)
Net cash generated from financing activities	587,471	192,065	87,149
Exchange rate effect on cash and cash equivalents	(17,562)	(1,643)	7,408
Net increase (decrease) in cash and cash equivalents	463,161	(226,250)	462,843
Cash and cash equivalents at beginning of year	354,760	581,010	118,167
Cash and cash equivalents at end of year	817,921	354,760	581,010
Supplemental schedule of cash flow information:
Income tax paid	6,674	12,198	38,705
Interest paid	13,245	$ 16,069	13,884
Acquisition of property and equipment through utilization of deposits	$ 90,713		$ 111,367

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

Ordinary Shares [Member]

Common Class A [Member]

Ordinary Shares [Member]

Common Class B [Member]

Ordinary Shares [Member]

Additional Paid In Capital [Member]

Foreign Currency Translation Adjustments [Member]

Unrealized Gain On Available For Sale Securities [Member]

Parent [Member]

Retained Earnings [Member]

Noncontrolling Interest [Member]

Common Class A [Member]

Common Class B [Member]

Total

Beginning Balance at Dec. 31, 2012

$ 10,316

$ 69,637

$ 23,231

$ 743

$ 23,974

$ 82,952

$ 630

$ 187,509

Beginning Balance (in shares) at Dec. 31, 2012

56,013,735

24,336,650

Net income for the year

$ 298,609

$ 53

$ 299,175

$ 92,922

298,662

Other comprehensive income:

Foreign currency translation adjustments

$ 20,150

20,150

Unrealized gain (loss) on available-for-sale securities

Reclassification adjustment for gain included in net income

$ (821)

(821)

Contribution from shareholder

$ 175

175

Disposal of a subsidiary

$ (683)

(683)

Share-based compensation

$ 7,028

7,028

Exercise of share options

$ 184

$ 12,231

12,415

Exercise of share options (in shares)

1,427,160

Dividends declared

$ (81,046)

(56,709)

(24,337)

(81,046)

Ending Balance at Dec. 31, 2013

$ 10,500

$ 89,071

$ 43,381

300,515

443,467

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

57,440,895

24,336,650

Net income for the year

$ 253,217

264,249

75,224

253,217

Other comprehensive income:

Foreign currency translation adjustments

$ (4,323)

(4,323)

Unrealized gain (loss) on available-for-sale securities

$ 10,508

Reclassification adjustment for gain included in net income

Contribution by noncontrolling interests

$ 80

Contribution from shareholder

$ 174

174

Share-based compensation

4,682

Exercise of share options

$ 119

$ 7,145

7,264

Exercise of share options (in shares)

924,029

Dividends declared

$ (82,380)

(58,043)

(24,337)

(82,380)

Ending Balance at Dec. 31, 2014

$ 10,619

$ 101,072

$ 39,058

$ 10,508

$ 49,566

471,352

$ 80

632,689

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

58,364,924

24,336,650

Net income for the year

$ (15,096)

$ (37)

(15,096)

(4,313)

(15,133)

Other comprehensive income:

Foreign currency translation adjustments

$ (55,928)

(55,928)

Unrealized gain (loss) on available-for-sale securities

$ (4,002)

Reclassification adjustment for gain included in net income

Contribution by noncontrolling interests

$ 718

Contribution from shareholder

$ 169

169

Issuance of ordinary shares

$ 1,548

345,227

346,775

Issuance of ordinary shares (in shares)

11,855,384

Beneficial conversion feature on convertible senior notes

12,113

Share-based compensation

4,497

Exercise of share options

$ 67

5,871

$ 5,938

Exercise of share options (in shares)

516,371

^[1]

Excess tax benefits

$ 9,442

Dividends declared

$ (82,751)

$ (58,414)

$ (24,337)

(82,751)

Ending Balance at Dec. 31, 2015

$ 12,234

$ 478,391

$ (16,870)

$ 6,506

$ (10,364)

$ 373,505

$ 761

$ 854,527

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

70,736,679

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	Dec. 31, 2013
Dividends declared	$ 82,751	$ 82,380	$ 81,046
Common Class A [Member]
Dividends declared, per share	$ 1.00	$ 1.00	$ 1.00
Dividends declared	$ 58,414	$ 58,043	$ 56,709
Common Class B [Member]
Dividends declared, per share	$ 1.00	$ 1.00	$ 1.00
Dividends declared	$ 24,337	$ 24,337	$ 24,337

ORGANIZATION AND BASIS OF PRESENTATION

12 Months Ended

Dec. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND BASIS OF PRESENTATION

1.	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. The accompanying consolidated financial statements include the financial statements of (i) SouFun 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”), (iv) entities controlled through contractual arrangements (the “PRC Domestic Entities”) and (v) the PRC Domestic Entities’ subsidiaries. The Company, its non-PRC subsidiaries, WOFEs, PRC Domestic Entities and the PRC Domestic Entities’ subsidiaries are collectively referred to as the “Group”.

The Group 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, 2015 were as follows:

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

Shanghai Fang Chao Real Estate Broking Co., Ltd. (“Shanghai Fang Chao”)	June 3, 2015	PRC		Nil		Provision of real estate agency services

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

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

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

Shanghai SouFun Cun Fang Real Estate Broking Co., Ltd. (“Shanghai SouFun Cun Fang”)	May 14, 2015	PRC		Nil		Provision of real estate agency services

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

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

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

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

Shanghai Jia Tian Xia Financing Guarantee Co., Ltd. (“Shanghai Jia Tian Xia Financing Guarantee”)	January 22, 2015	PRC		100	%	Provision of financing guarantee services

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

Shanghai SouFun Microfinance Co., Ltd. (“Shanghai SouFun Microfinance”)	January 19, 2015	PRC		70	%	Provision of financial services

Tianjin Jia Tian Xia Commercial Factoring Co., Ltd. (“Tianjian Jia Tian Xia Commercial Factoring”)	December 22, 2014	PRC		100	%	Provision of commercial factoring services

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

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

Beijing Fang Tian Xia Decorative Engineering Co., Ltd. (“Beijing Fang Tian Xia Decorative Engineering”)	October 15, 2014	PRC		100	%	Provision of home décor services

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

Jia Tian Xia Network Technology Co., Ltd. (“Jia Tian Xia Network Technology”)	April 15, 2014	PRC		100	%	Provision of technology and information consultancy services

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

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

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

Shanghai BaoAn Enterprise Co., Ltd. (“Shanghai BaoAn Enterprise”)	March 31, 2013	PRC		75	%	Lease, resale and management of property

Shanghai BaoAn Hotel Co., Ltd. (“Shanghai BaoAn Hotel”)	March 31, 2013	PRC		75	%*	Operation and management of hotel, restaurant and other catering business

* Shanghai China Index Consultancy Co., Ltd. (“Shanghai China Index”), a PRC Domestic Entity, owns the remaining 25% equity interest.

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

Beijing Li Tian Rong Ze Wan Jia Technology Development Co., Ltd. (“Beijing Li Tian Rong Ze Wan Jia”)	December 1, 2012	PRC		Nil		Provision of marketing services and listing services

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

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

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

Beijing Zhong Zhi Xun Bo Information Technology Co. Ltd. (“Zhongzhi XunBo”)	January 6, 2012	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

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

Beijing Tuo Shi Huan Yu Network Technology Co., Ltd. (“Beijing Tuo Shi”)	March 1, 2011	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 Li Tian Rong Ze Technology Development Co., Ltd. (“Beijing Li Tian Rong Ze”)	September 10, 2009	PRC		Nil		Provision of marketing services and listing services

** Beijing Hua Ju Tian Xia was originally established as a WOFE by the Company in July 2012. In December 2014, the Company transferred its equity interest in Beijing Hua Ju Tian Xia to Vincent Tianquan Mo, executive chairman of the board of directors and chief executive officer, and simultaneously entered into a series of Contractual Agreements, as defined in Note 1, to obtain control over Beijing Hua Ju Tian Xia.

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

Tianjin Jia Tian Xia Advertising Co., Ltd. (“Tianjin Jia Tian Xia”)	November 22, 2007	PRC		Nil		Provision of marketing services and listing services

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

Shanghai SouFun Advertising Co., Ltd. (“Shanghai Advertising”)	December 12, 2006	PRC		Nil		Provision of marketing services and listing services

Shanghai China Index	December 12, 2006	PRC		Nil		Provision of other value-added 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

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 China Index Information Co., Ltd. (“Beijing China Index”)	November 8, 2004	PRC		Nil		Provision of other value-added services

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 Jia Tian Xia Advertising Co., Ltd. (“Beijing Advertising”)	September 1, 2000	PRC		Nil		Provision of marketing services, listing services and e-commerce services

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 six 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,
	2014		2015
	US$		US$
ASSETS
Current assets:
Cash and cash equivalents		28,856		51,164
Restricted cash, current		97,988		103,179
Short-term investments		22,774		2,002
Accounts receivable (net of allowance of US$4,719 and US$12,622 as of December 31, 2014 and 2015, respectively)		11,847		68,654
Funds receivable		-		383
Commitment deposits		47,312		10,246
Prepayments and other current assets		20,553		151,654
Deferred tax assets, current		1,462		-

Total current assets		230,792		387,282

Non-current assets:
Property and equipment, net		18,166		21,642
Long-term investments		120,819		256,837
Restricted cash, non-current		109,495		-
Deferred tax assets, non-current		271		-
Deposit for non-current assets		-		594
Prepayment for business acquisition		9,806		-
Other non-current assets		7,814		4,559

Total non-current assets		266,371		283,632

Total assets		497,163		670,914
	As of December 31,
	2014		2015
	US$		US$
Current liabilities:
Deferred revenue		30,671		46,455
Accrued expenses and other liabilities		64,846		109,727
Customer’s refundable fees		17,637		36,245
Income tax payable		6,742		1,872
Intercompany payable to the WOFEs		137,168		293,697

Total current liabilities		257,064		487,996

Non-current liabilities:
Other non-current liabilities		4		-

Total non-current liabilities		4		-

Total liabilities		257,068		487,996

Net assets		240,095		182,918

	For the Years Ended December 31,
	2013		2014		2015
	US$		US$		US$
Total revenues		93,715		107,950		315,797
Net income (loss)		10,131		25,464		(41,831	)

	For the Years Ended December 31,
	2013			2014			2015
	US$			US$			US$
Net cash generated from (used in) operating activities	211,049			113,176			(61,480)
Net cash generated from (used in) investing activities		14,427			(113,148	)		(8,913	)
Net cash (used in) generated from financing activities		(117,616	)		(106,688	)		95,078

The PRC Domestic Entities had no intercompany amounts payable to the WOFEs for accrued service fees as of December 31, 2014 and 2015, whereas the technology consultancy service fees charged by the WOFEs to the PRC Domestic Entities were nil during the years ended December 31, 2013, 2014 and 2015.

As of December 31, 2015, except for the current restricted cash of US$103,179 pledged to secure bank borrowings of the Group (Note 13), 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, including the official website www.fang.com, which are used for the Group’s business operations. All of these revenue-producing assets were internally developed, for which the Group 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, 2015

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 Group’s financial statements include, but are not limited to, revenue recognition, allowance for doubtful accounts, useful lives of property and equipment, realization of deferred tax assets, impairment of long-lived assets, share-based compensation expense, fair value of the available-for-sale securities, 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.

On December 23, 2013, the Group disposed its 60% equity interest in Guangxi Overseas Talent Industrial Park Investment Co., Ltd. (“Guangxi Overseas Talent”) to the 40% noncontrolling interest holder. Guangxi Overseas Talent was dormant and had no operations at the time of disposal. Thus, Guangxi Overseas Talent did not meet the definition of a discontinued operation under ASC 205, “Presentation of Financial Statements-Discontinued Operations”.

Business Combinations

The Group accounts for its business combinations in accordance with ASC 805,“Business Combinations” (“ASC 805”), which requires the acquiring entity in a business combination to recognize all assets acquired and liabilities assumed in the transaction, establishes the acquisition date fair value as the measurement objective for all assets acquired and liabilities assumed, and requires the acquirer to disclose to investors and other users all of the information they need to evaluate and understand the nature and financial effect of the business combination. The excess of (i) the total of cost of acquisition, fair value of the noncontrolling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in earnings. The costs directly attributable to the acquisition are expensed as incurred. During the measurement period, the acquiring entity recognizes adjustments to the provisional amounts of acquisition-date fair value and the resulting goodwill for new information obtained as if the accounting for the business combination had been completed at the acquisition date.

The determination and allocation of fair values to the identifiable assets acquired, liabilities assumed and noncontrolling interests is based on various assumptions and valuation methodologies requiring considerable judgment from management. The most significant variables in these valuations are discount rates, terminal values, the number of years on which to base the cash flow projections, as well as the assumptions and estimates used to determine the cash inflows and outflows. The Group determines discount rates to be used based on the risk inherent in the related activity’s current business model and industry comparisons. Terminal values are based on the expected life of assets, forecasted life cycle and forecasted cash flows over that period.

Foreign Currency Translation and Transactions

The functional currency of the Company and its non-PRC subsidiaries is the United States dollars (“US$”). The WOFEs, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries determine their functional currency to be the Chinese Renminbi (“RMB”) based on the criteria of ASC 830, “Foreign Currency Matters”. The Group uses US$ as its reporting currency. The Group 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.

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 Group’s bank loans (Note 13). The restricted cash is not available for withdrawal or the Group’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 Group accounts for its investments in accordance with ASC 320, “Investments-Debt and Equity Securities” (“ASC 320”). The Group 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 Group 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 Group evaluates whether a decline in fair value below the amortized cost basis is other-than-temporary in accordance with the Group’s policy and ASC 320. If the Group 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 Group 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 nil, US$8,417 and nil was recognized for the years ended December 31, 2013, 2014 and 2015, respectively.

In accordance with ASC 325 “Investments-Other”, for investments in an investee over which the Group does not have significant influence and which do not have readily determinable fair value, the Group carries the investment at cost and only adjusts for other-than-temporary declines in fair value and distributions of earnings that exceed the Group’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, 2015.

Accounts Receivable and Allowance for Doubtful Accounts

The Group 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 from SouFun membership services due from third-party payment service providers for clearing transactions. The Group 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. Receivable balances are written off after all collection efforts have been exhausted. No allowance for doubtful accounts was provided for the funds receivable as of December 31, 2014 and 2015.

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 the event of default, the Group is 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 Group’s recovery of its original commitment deposit is dependent on market conditions. As of December 31, 2014 and 2015, commitment deposits of nil and US$10,219 were in default.

The Group considers many factors in assessing the collectability of commitment deposits, such as the age of the amounts due, 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. Allowance for doubtful accounts of nil and US$500 was provided for commitment deposits as of December 31, 2014 and 2015.

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 Group’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 Group to the borrowers generally range from one to thirty-six months.

In accordance with ASC 310, “Receivables”, an allowance for doubtful accounts is recorded when, based on current information and events, it is probable that the Group will be unable to collect all amounts due according to the contractual terms of the loan agreement. Each individual loan receivable is assessed for impairment on a quarterly basis.

Commencing in August 2014, the Group began to enter into arrangements with third-party investors under which the Group sells its economic benefits in certain mortgage and unsecured loans receivable in exchange for cash. Sales of mortgage and unsecured loans receivable to investors are accounted for in accordance with ASC 860 “Transfers and Servicing” (“ASC 860”). The Group derecognizes the mortgage and unsecured loans receivable if (i) the mortgage and unsecured loans have been legally isolated from the Group; (ii) there are no constraints on investors to pledge or exchange the mortgage and unsecured loans; and (iii) the Group does not maintain effective control over the mortgage and unsecured loans.

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.

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 Group evaluates its long-lived assets or asset group 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 group may not be fully recoverable. When these events occur, the Group 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 Group recognizes an impairment loss based on the excess of the carrying amount of the asset group over its fair value. No impairment charge was recognized for any of the years presented.

Fair Value of Financial Instruments

Financial instruments of the Group primarily include cash and cash equivalents, restricted cash, accounts receivable, funds receivable, investments including cost method investments, fixed-rate time deposits and available-for-sale securities, loans receivable, short-term loans, long-term loans, amounts due to a related party and convertible senior notes (Note 16) and related derivative liabilities. As of December 31, 2014 and 2015, 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 quoted price in active markets as of December 31, 2014 and 2015. 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$353,316 and US$697,104 as of December 31, 2014 and 2015, 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 Group 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, 2013, 2014 and 2015. The Group determined that it was not practicable to estimate the fair value of its cost method investments as of December 31, 2014 and 2015 and measures the cost method investment at fair value on a nonrecurring basis only if an impairment charge were to be recognized.

The Group 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 Group 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, 2014 and 2015 are summarized below. There were no such assets as of December 31, 2013.

Fair Value Measurement as of December 31, 2014

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

Significant
Other
Observable
Inputs
(Level 2)

Unobservable
Inputs
(Level 3)

Fair Value at
December 31,
2014

US$

Available-for-sale securities

59,035

Fair Value Measurement as of December 31, 2015

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

Significant
Other
Observable
Inputs
(Level 2)

Unobservable
Inputs
(Level 3)

Fair Value at
December 31,
2015

US$

Available-for-sale securities

56,027

Revenue Recognition

Revenues are derived from online marketing services, E-commerce services, listing services and other value-added 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 service revenues consist of revenues derived from:

(1) SouFun membership services

The Group enters into arrangements with real-estate developers, pursuant to which the Group charges its customers RMB5,000.00 to RMB20,000.00 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 Group. 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 Group are refundable before a purchase of the specified properties at a discount is made by the customers. Revenues are recognized by the Group 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. Cash received in advance of the purchase of specified properties is recorded as “customers’ refundable fees” (Note 15).

Commencing in 2013, the Group, real-estate developers and advertising agencies entered into tri-party cooperation arrangements for certain SouFun membership services. When customers use their SouFun membership cards to purchase specified properties in selected advertisements published by the marketing agents, a portion of the proceeds from the SouFun membership services is remitted to the marketing agents. The Group recognized revenues from this type of SouFun membership services on a net basis, representing the portion of proceeds received from customers that is ultimately retained by the Group as it is an agent in the arrangement. Commencing in 2014, the Group entered into cooperation arrangements directly with real-estate developers for SouFun membership services. The Group either engages third-party real estate agents or places advertisements with marketing agents to promote the real-estate projects. The Group recognized revenues from this type of SouFun membership services on a gross basis, representing the proceeds received from the real-estate developers, as the Group 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 14).

(2) Online marketplace platform

The Group operates (i) an online marketplace platform which enables third-party merchants to sell home furnishing products to consumers online and (ii) an online payment platform which enable third-party merchants to transact with consumers online. The Group earns a commission, which ranges from 5% to 15% of the sales transaction amount, from the third-party merchants when a transaction is completed.

When a consumer places their order for home furnishing products with a third-party merchant through the Group’s marketplace platform, the sales price and the shipping charge for the sales transaction are confirmed. Delivery of goods to a consumer will be processed by the third-party merchant after payment is made through the Group’s online payment platform. The sales transaction is completed and the Group recognizes the commission earned as e-commerce service revenues upon confirmation of receipt of the home furnishing products by the consumer and remittance of the net payment to the third-party merchant through the Group’s marketplace and online payment platforms.

(3) Direct sales services

Commencing in 2014, the Group launched direct sales services for new homes. The Group promotes property developments of its developer clients primarily through its websites and mobile applications (“mobile apps”). Potential buyers can register with the Group free of charge if they are interested in any real estate properties covered by its direct sales services. After the registration, the Group 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 Group offers from its developer clients. The Group 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. Revenues are recognized by the Group when confirmation of the sale is received from the developer clients, as there is persuasive evidence of an arrangement, the fee is fixed or determinable and collection is reasonably assured, as prescribed by ASC 605, “Revenue Recognition” (“ASC 605”).

(4) Sublease services

Commencing in 2015, the Group began providing a new sublease service through its websites. The Group initially enters into contracts with the original lessors and has the exclusive authorization to sublease the property. Revenue from subleasing services is recognized on a gross basis as the Group obtains control of the leased property and is obligated to pay rent to the original lessor even if the Group fails to find a subtenant. The rent is recognized on a straight-line basis over the lease term.

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

	US$

2016		40,889
2017		2,106
2018		906
2019		263
2020 and thereafter		164

		44,328

(5) Real estate online brokerage services

Commencing in 2015, the Group acts as an intermediary between sellers and buyers of secondary properties, and may also provide property listing services, advisory services, transaction negotiation services and administration services. In addition to secondary property sales, the Group also assists property owners and potential renters with leasing transactions. Different from conventional real estate brokers in the PRC, the Group does not maintain extensive physical sales offices and instead relies primarily on the Group’s websites and mobile apps to source end users. Revenues derived from commission fees are recognized upon the execution of a transaction agreement between an end user and a property owner for which the Group acts as the broker in accordance with ASC 605-20, “Revenue Recognition-Services”.

(6) Online decoration services

Commencing in 2015, the Group launched online decoration services. Based on the customer’s budget and plan for decoration, the Group engages third-party contractors to perform interior design, remodeling, renovation, furnishing and other home improvement services. The Group generally charges the customers a fixed fee based on the square footage of the premises undergoing decoration. The Group obtains customers primarily through the Group’s websites and mobile apps. Revenues derived from online decoration services where the Group designs and renovates the properties for its customers are recognized based on the percentage-of-completion method in accordance with ASC 605-35, “Revenue Recognition-Construction-Type and Production-Type Contracts”.

Marketing Services

The Group offers marketing services on the Group’s websites and mobile apps, primarily presented as banner advertisements, floating links, logos and other media insertions (“forms of services”). These marketing services are offered to real estate developers and providers of products and services for home decoration and improvement. Marketing services allow customers to place advertisements on particular areas of the Group’s websites and mobile apps, in particular formats and over particular periods of time. Written contracts, containing all significant terms, signed by the Group and its customers provide persuasive evidence of the arrangement. The contracts do not contain any specific performance, cancellation, termination or refund provisions.

The service fee is negotiated between the customer and the Group 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. Historically, the service fee has varied widely for marketing services and such variation in prices exists even when the same forms of services is provided in the same location of the Group’s websites and mobile apps and for the same service duration. 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 Group’s websites and mobile apps over the specified service period. The Group 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.

Commencing in 2015, the Group entered into marketing services agreements with real estate developers, whereby the service fee can be settled through the sale of designated new properties developed by the real estate developers. Pursuant to the marketing services agreements, the Group has the right to (i) determine the final selling price of the designated new properties and keep the difference between the sales price of the designated new properties and the service fee or (ii) request payment of the service fee in cash if the designated new properties are not sold by a pre-determined date. Revenue is recognized ratably over the contract period at the pre-agreed cash marketing services fee. Upon sale of the designated new properties, any difference between the sales price of the designated new properties and the service fee is recorded as revenue, as it is related to the marketing service provided. For the year ended December 31, 2015, US$52,000 of marketing services revenue was recognized under the new payment arrangement.

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

The Group 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 best estimate of selling price (“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 Group’s BESP for that deliverable because neither VSOE nor TPE exist. In determining its BESP for each deliverable, the Group considered its overall pricing model and objectives, as well as market or competitive conditions that may impact the price at which the Group would transact if the deliverable were sold regularly on a standalone basis. The Group monitors the conditions that affect its determination of selling price for each deliverable and reassesses such estimates periodically.

The Group updated the BESP for each deliverable during the year ended December 31, 2015. 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, 2013, 2014 and 2015.

Listing Services

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

The Group’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 Group 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 and mobile apps available for posting by the customers over the specified listing period. The Group 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 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 Group’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 Group 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 Group 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 Group’s online financial platform www.txdai.com and offline micro loan subsidiaries. The Group provides secured loans in the form of entrusted loans, mortgage loans and unsecured loans, primarily to home buyers and real estate developers that meet the Group’s credit assessment requirements. Revenues derived from loan interest income and annual service fees are recognized using the effective interest rate method.

Other Value-added Services

The Group generates revenues from other value-added services including subscription services for access to the Group’s information database and consulting services for customized and industry-related research reports and indices. Revenues derived from subscription services for access to the Group’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 Group’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, 2013, 2014 and 2015 were US$38,783, US$44,003 and US$48,253, 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 Group.

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 in connection with SouFun membership services 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, 2013, 2014 and 2015, the advertising expenses were US$8,627, US$6,202 and US$44,123, 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 Group had no capital leases for any of the years presented.

Income Taxes

The Group 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 Group 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 Group’s experience with operating loss and tax credit carryforwards, if any, not expiring.

The Group applies ASC 740, “Income taxes” (“ASC 740”), to account for uncertainties in income taxes. In accordance with the provisions of ASC 740, the Group 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 Group’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 Group’s estimates. As each audit is concluded, adjustments, if any, are recorded in the Group’s financial statements. Additionally, in future periods, changes in facts, circumstances, and new information may require the Group 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 Subsidies

Government subsidies 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 subsidies, 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 subsidies 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 subsidies 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, 2013, 2014 and 2015, US$4,031, US$7,205 and US$4,936, respectively, of government subsidies were recognized as non-operating income.

Share-based Compensation

The Group’s employees and directors participate in the Group’s share-based award incentive plan which is more fully discussed in Note 19. The Group 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 Group 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 Group 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 Group 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 Group 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 Group’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 Group’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 Group was insignificant for all of the years presented.

Comprehensive Income (Loss)

Comprehensive income (loss) is defined as the change in equity of the Group 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 the cumulative foreign currency translation adjustments and unrealized gain (loss) on available-for-sale securities.

Contingencies

The Group 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 Group 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 Group discloses the amount of the accrual if it is material.

When a loss contingency is not both probable and estimable, the Group 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 Group 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 Group is currently evaluating the timing of its adoption and the impact of adopting the new revenue standard on its consolidated financial statements and considering additional disclosure requirements.

In April 2015, the FASB issued ASU No. 2015-03, “Interest—Imputation of Interest” (“ASU 2015-03”). ASU 2015-03 requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the debt liability rather than as an asset. ASU 2015-03 is effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted. The Group is currently evaluating the impact of the adoption of ASU 2015-03 on its consolidated financial statements.

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. Early adoption is permitted. The Group is currently evaluating the impact of the adoption of ASU 2015-17 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 Group 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 Group is currently evaluating the impact of the adoption of ASU 2016-09 on its consolidated financial statements.

CONCENTRATION OF RISKS

12 Months Ended

Dec. 31, 2015

Risks and Uncertainties [Abstract]

CONCENTRATION OF RISKS

CONCENTRATION OF RISKS

Concentration of Credit Risk

Assets that potentially subject the Group 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, 2015, the Group had US$983,659 in cash and cash equivalents, restricted cash (current and non-current) and short-term investments, 56.4% and 43.6% 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 Group has deposits or investments, it may be unlikely to claim its deposits or investments back in full. The Group selected reputable financial institutions with high credit ratings to deposit its assets. The Group 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 Group performs on its customers and its ongoing monitoring of outstanding balances. The Group 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 Group carefully considers and monitors the credit worthiness of the third-party payment service providers to mitigate any risks associated with funds receivable.

The Group is exposed to default risk on its loans receivable. Each individual loan receivable is assessed for impairment on a quarterly basis. Borrowers are restricted to one outstanding loan balance. As of December 31, 2015, no single borrower comprised a significant portion of the Group’s loan portfolio.

The Group 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, 2013, 2014 and 2015.

Concentration of Revenues

Revenues from marketing services represented 44%, 42% and 28.3% of the total gross revenues for the years ended December 31, 2013, 2014 and 2015, respectively. Revenues from E-commerce services represented 29%, 35% and 54% of the total gross revenues for the years ended December 31, 2013, 2014 and 2015, respectively. Any disruption in the provision of marketing services and E-commerce services to customers may adversely affect the Group’s business, financial condition and results of operations.

Current Vulnerability Due to Certain Other Concentrations

The Group’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 Group 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 addition, 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.

The Group 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 Group’s servers or blocking the Group’s websites, discontinuing or placing restrictions or onerous conditions on the Group’s operations, requiring the Group to undergo a costly and disruptive restructuring, or enforcement actions that could be harmful to the Group’s business. Any of these actions could cause significant disruption to the Group’s business operations and severely damage the Group’s reputation, which would in turn materially and adversely affect the Group’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 Group’s business operations are in compliance with existing PRC law and regulations in all material respects.

BUSINESS ACQUISITION

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

BUSINESS ACQUISITION

BUSINESS ACQUISITION

Business acquisition completed in 2013:

During the year ended December 31, 2013, the Group completed its acquisition of a property, consisting of offices, retail space and a hotel, from China BaoAn Group Co., Ltd (“BaoAn”).The property acquired from BaoAn was considered a business as defined in ASC 805. Accordingly, the acquisition was accounted for as a business acquisition (the “BaoAn Acquisition”). The Group intended to use the property as an office and a training center to support the Group’s business expansion in the eastern region of the PRC. The purchase price was less than the fair values of the tangible assets acquired and liabilities assumed, resulting in a gain on bargain purchase which was recognized as of the acquisition date. The Group completed the valuation necessary to assess the fair values of the tangible assets acquired and liabilities assumed, resulting from which the amount of gain on bargain purchase was determined and recognized as of the acquisition date. The following table summarizes the estimated aggregate fair values of the assets acquired and liabilities assumed as of the date of acquisition:

	US$

Cash and cash equivalents		3,169
Prepayments and other current assets		1,800
Property and equipment, net		140,231
Deferred tax assets, non-current		1,093
Total identifiable assets acquired		146,293

Accrued expenses and other liabilities		(1,290	)
Other non-current liabilities		(919	)
Deferred tax liabilities, non-current		(16,368	)
Total liabilities assumed		(18,577	)

Net identifiable assets acquired		127,716
Gain on bargain purchase		(102	)
Total consideration		127,614

The excess of the fair value of the identifiable net assets acquired over the cost of acquisition as of the acquisition date of US$102 was recognized as a gain on bargain purchase in the consolidated statements of comprehensive income for the year ended December 31, 2013. The Group performed a comprehensive reassessment of the bargain purchase gain by verifying that all assets acquired and liabilities assumed were properly identified. The US$102 gain on bargain purchase was primarily attributable to the purchase price being fixed prior to the closing date of the transaction and the fair value of the property acquired increased during the intervening period. The acquisition related costs were insignificant. Deferred tax liabilities amounting to US$16,368 were recognized on the fair value step-up of the property acquired in the BaoAn Acquisition.

The following unaudited pro forma information summarizes the results of operations of the Group for the year ended December 31 2013, as if the BaoAn Acquisition had been completed on January 1, 2013. These pro forma results have been prepared for comparative purposes only and do not purport to be indicative of what operating results would have been had the acquisition actually taken place on the date indicated and may not be indicative of future operating results. The pro forma adjustments are based upon available information and certain assumptions that management believes are reasonable.

	For the Year Ended December 31,
	2013
	US$

Pro forma total revenues		637,379
Pro forma net income		298,376
Pro forma net income per ordinary share-basic		3.82
Pro forma net income per ordinary share-diluted		3.53

There were no business acquisitions in the years ended December 31, 2014 and 2015.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7008-128479

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1500-128463

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4922-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
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-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4934-128472

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

PREPAYMENT FOR BUSINESS ACQUISITION

12 Months Ended

Dec. 31, 2015

PREPAYMENT FOR BUSINESS ACQUISITION [Abstract]

PREPAYMENT FOR BUSINESS ACQUISITION

PREPAYMENT FOR BUSINESS ACQUISITION

On December 22, 2014, the Group entered into an agreement to acquire a 60% equity interest in Beijing Run Ze Microfinance Limited (“Run Ze”), an operator of a micro loan business, for a cash consideration of US$9,806. As of December 31, 2014, the Group paid an interest-free deposit of US$9,806. The Group terminated the agreement with Run Ze on November 2, 2015, and the interest-free deposit was subsequently returned to the Group on November 8, 2015.

INVESTMENTS

12 Months Ended

Dec. 31, 2015

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

6.	INVESTMENTS

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

	As of December 31,
	2014		2015
	US$		US$
Short-term investments
Fixed-rate time deposits		455,184		62,559

Long-term investments:
Available-for-sale securities:
- Yirendai Ltd. ("Yirendai")		-		985
- Color Life Service Group ("Color Life")		24,091		23,703
- Hopefluent Group Holdings Limited ("Hopefluent")		34,944		31,339
		59,035		56,027
Cost method investments:
- Shenzhen World Union Properties Consultancy Co., Ltd. ("World Union")		-		121,394
- Sindeo, Inc. ("Sindeo")		-		5,000
- Tospur Real Estate Consulting Co., Ltd. ("Tospur")		62,257		62,257

		121,292		244,678

As of December 31, 2014 and 2015, the Group 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$758, US$27,166 and US$9,474 were recognized for the years ended December 31, 2013, 2014 and 2015, respectively.

Dividends from the long-term investments of nil, nil and US$1,333 were recognized as investment income in the consolidated statements of comprehensive income (loss) for the years ended December 31, 2013, 2014 and 2015, respectively.

On June 27, 2014, the Group 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, 2014, the market price of Color Life was US$24,091 and an unrealized gain of US$10,508 was recorded in other comprehensive income. As of December 31, 2015, the market price declined to US$23,703 and an unrealized loss of US$388 was recorded in other comprehensive income (loss).

In November 2014, the Group 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 base of the available-for-sale security was US$34,944 as of December 31, 2014. As of December 31, 2015, the market price of Hopefluent decreased to US$31,339. The Group 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 Group’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 Group 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).

On December 10, 2014, the Group 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 Group does not have significant influence over Tospur. No impairment on the investment in Tospur was recognized for the year ended December 31, 2015.

On May 29, 2015, the Group 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 Group could not freely sell the shares due to a lock-up provision of 36 months. No impairment on the investment in World Union was recognized for the year ended December 31, 2015.

On October 29, 2015, the Group 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 Group does not have significant influence over Sindeo. No impairment on the investment in Sindeo was recognized for the year ended December 31, 2015.

As of December 31, 2015, the Group 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).

The following is a summary of the available-for-sale securities as of December 31, 2014 and 2015:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value (Net Carrying Amount)
	US$		US$		US$			US$
December 31, 2014
- Color Life		13,583		10,508		-			24,091
- Hopefluent		34,944		-		-			34,944

		48,527		10,508		-			59,035

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

As of December 31, 2014 and 2015, the total losses for securities with net losses in accumulated other comprehensive income (loss) were nil and US$3,615, 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, 2015
	Less than 12 Months					12 Months or 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, 2015

Receivables [Abstract]

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

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

	As of December 31,
	2014			2015
	US$			US$

Accounts receivable		71,088			178,580
Allowance for doubtful accounts		(21,397	)		(31,064	)

Accounts receivable, net		49,691			147,516

	For the Years Ended December 31,
	2013			2014			2015
	US$			US$			US$
Movement in allowance for doubtful accounts:
Balance at beginning of year		12,122			15,019			21,397
Additional provision charged to expenses		13,437			17,377			18,649
Write-offs		(10,953	)		(10,933	)		(7,209	)
Foreign currency translation adjustments		413			(66	)		(1,773	)

Balance at end of year		15,019			21,397			31,064

LOANS RECEIVABLE

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

LOANS RECEIVABLE

9.	LOANS RECEIVABLE

Commencing in August 2014, the Group introduced its financial services and launched its financial platform www.txdai.com. The Group provides secured loans in the form of entrusted loans, mortgage loans and unsecured loans, primarily to home buyers and real estate developers (collectively “borrowers”) that meet its credit assessment requirements. The loans to home buyers are originated through the Group’s financial services channel on its website. The Group charges borrowers interest and service fees. Most of the loans to home buyers are unsecured as they generally also borrow mortgage loans from commercial banks. The loans to real estate developers are generally secured loans. To comply with restrictions on non-financial institutions’ ability to provide loans to corporate borrowers under PRC law, the Group generally provides loans to real estate developers using an “entrusted loan” structure. Under entrusted loan arrangements with commercial banks, the Group provides loans to real estate developers with funds released by the commercial banks from the Group’s trust accounts at such banks. Commercial banks collect interest and principal payments from the real estate developers on the Group’s behalf and receive service fees. The Group, as opposed to the commercial banks, bears the credit risk of the entrusted loans.

Loans receivable consisted of the following:

	As of December 31,
	2014		2015
	US$		US$
Current
Secured
-Entrusted loans		17,413		924
-Mortgage loans		11,943		16,614
		29,356		17,538
Unsecured loans		50,285		252,510
Less: Allowance for doubtful debts		-		(3,058	)

		79,641		266,990

Non-current
Secured
-Mortgage loans		41		1,717
		41		1,717
Unsecured loans		1,968		54,230
Less: Allowance for doubtful debts		-		(598	)

		2,009		55,349

	For the Years Ended December 31,
	2015
	US$

Movement in allowance for doubtful debts:
Balance at beginning of year		-
Additional provision charged to expenses		3,656
Write-offs		-

Balance at end of year		3,656

As of December 31, 2015, the entrusted loans were secured by collateral that had a market value over the principal and interest receivables of the entrusted loans as of December 31, 2015. As of December 31, 2014, the duration of entrusted loans ranged from six to twelve months and had interest rates ranging from 12% to 20%. The entrusted loans were secured by collateral that had a market value over the principal and interest receivables of the entrusted loans as of December 31, 2014.

As of December 31, 2015, the duration of mortgage loans ranged from one to thirty-six months and had interest rates ranging from 6% to 25.92%. The mortgage loans were secured by collateral that had a market value over the principal and interest receivables of the mortgage loans as of December 31, 2015. As of December 31, 2014, the duration of mortgage loans ranged from one to eighteen months and had interest rates ranging from 6% to 9.6%. The mortgage loans were secured by collateral that had a market value over the principal and interest receivables of the mortgage loans as of December 31, 2014.

As of December 31, 2015, the duration of unsecured loans ranged from one to thirty-six months and had interest rates ranging from 4% to 24%. As of December 31, 2014, the duration of unsecured loans ranged from one to thirty-six months and had interest rates ranging from 4% to 12%.

In accordance with Shanghai Municipal Financial Service Office’s requirement, a micro loan company in the Shanghai province in the PRC is required to accrue a general provision for loan losses at 2.5% of the total loans balance. For the years ended December 31, 2014 and 2015, the Group recognized a general provision of nil and US$3,260, respectively.

The Group also assesses each individual loan receivable for impairment. As part of its impairment assessment, management considers the timeliness of collections to date, changes in the value of collateral provided by the borrowers and expected default rates. As of December 31, 2015, US$3,120 of loans receivable were in default, while US$396 of unsecured loans were recognized as an impairment loss.

The Group enters into arrangements with third-party investors (i.e. “Tianxiajin investors”) through its website, whereby the Group sells its economic benefits in certain mortgage and unsecured loans in exchange for cash. The Tianxiajin investors generally will receive interest at interest rates equal to those charged by the Group. The Group continues to provide (i) limited administrative services in the form of collection and payment services to the borrowers and Tianxiajin investors and (ii) a guarantee to the Tianxiajin investors in the event of default by the borrowers. The nature of these continuing obligations does not constitute control over the transferred mortgage and unsecured loans. As of December 31, 2014 and 2015, US$15,746 and US$36,546 in mortgage and unsecured loan were derecognized in accordance with ASC 860. No gains or losses were recorded on the sales of mortgage and unsecured loans, as the cash proceeds received equaled to the outstanding principal amounts. Commencing in July 2015, borrowers were allowed to directly borrow from investors (“guaranteed loans”). The Group charges a service fee for the provision of a guarantee to the investors in the event of default by the borrowers. In accordance with ASC 460, “Guarantees”, the Group determined that the fair value of the guarantee provided on the transferred mortgage and unsecured loans as well as the guaranteed loans was insignificant as of December 31, 2014 and 2015. The aggregate principal amount of these loans as of December 31, 2014 and 2015 was US$14,798 and US$37,870, respectively, which represented the maximum potential payments under the guarantee.

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

10.

PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following:

	As of December 31,
	2014			2015
	US$			US$

Buildings		183,754			282,270
Office equipment		20,175			35,751
Motor vehicles		3,305			1,833
Leasehold improvement		7,005			13,445
Land		37,421			37,421

Total		251,660			370,720
Less: Accumulated depreciation		(34,555	)		(44,216	)

		217,105			326,504

Depreciation expenses were US$9,701, US$11,624 and US$14,668 for the year ended December 31, 2013, 2014 and 2015, respectively.

The Group is still in the process of obtaining the property ownership certificates for certain buildings with aggregate net carrying values of US$13,770. As the transfer of ownership of the buildings has been legally registered with the applicable government authority and the purchase consideration has been fully paid by the Group, the Group 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, 2014 and 2015.

DEPOSIT FOR NON-CURRENT ASSETS

12 Months Ended

Dec. 31, 2015

DEPOSIT FOR NON-CURRENT ASSETS [Abstract]

DEPOSIT FOR NON-CURRENT ASSETS

11.

DEPOSIT FOR NON-CURRENT ASSETS

Deposit for non-current assets consisted of the following:

	As of December 31,
	2014		2015
	US$		US$

Buildings		85,722		135,299
Land use rights		793		2,416

Total		86,515		137,715

Deposits for buildings represent interest free non-refundable deposits for the purchases of: (i) an office building in Beijing in the PRC for US$119,918; (ii) two floors of an office building in Chongqing, Sichuan province in the PRC for US$13,978; and (iii) two floors of an office building in Changzhou, Jiangsu province in the PRC for US$1,403.

SHORT-TERM AND LONG-TERM LOANS

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

SHORT-TERM AND LONG-TERM LOANS

13.

SHORT-TERM AND LONG-TERM LOANS

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

	As of December 31,
	2014		2015
	US$		US$

Short-term loans		80,750		100,000

Long-term loans		100,000		-

Short-term loans outstanding as of December 31, 2014 and 2015 represent US$ denominated bank borrowings of US$80,750 and US$100,000, 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$97,988 and US$103,179 as of December 31, 2014 and 2015, respectively. Pledged deposits amounting to US$103,179 (2014: US$97,988) and nil (2014: US$109,495) were classified as “restricted cash, current” and “restricted cash, non-current” on the consolidated balance sheets. The short-term bank borrowings are repayable on demand and bear interest rates of London InterBank Offered Rate (“LIBOR”) plus 1% (2014: LIBOR plus 1.0% to 2.6%). During the year ended December 31, 2015, loans with principal amounts of US$80,750 as of December 31, 2014 were repaid and the related pledged deposits amounting to US$92,336 were released by the respective financial institutions.

The long-term loans as of December 31, 2014 were reclassified to short-term loans as of December 31, 2015 as the maturity period was within one year.

The Group had undrawn lines of credit with various financial institutions of US$59,999 as of December 31, 2014. As of December 31, 2015, the Group’s undrawn lines of credit were insignificant.

ACCRUED EXPENSES AND OTHER LIABILITIES

12 Months Ended

Dec. 31, 2015

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER LIABILITIES

14.

ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities consisted of the following:

	As of December 31,
	2014		2015
	US$		US$

Payroll and welfare benefit		22,404		37,241
Other taxes and surcharges payable		45,705		42,484
Accrued unrecognized tax benefits and related interest and penalties		75,483		104,211
Amounts payable to employees		2,391		3,493
Amounts payable to sales and marketing agents		61,463		82,769
Refundable rental deposits		1,221		5,927
Accrued rental expenses		759		1,118
Amounts due to foremen and suppliers of decoration services		-		23,765
Amounts due to Tianxiajin investors		-		23,985
Down payments collected on behalf of secondary home sellers		-		4,452
Cash incentives payable to home buyers		-		14,594
Others		12,475		17,554

		221,901		361,593

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

Amounts payable to employees represent cash collections from the designated broker upon the sale of exercised employee options on behalf of the employees.

Amounts due to foremen and suppliers of decoration services consist of service fees to the foremen and decoration materials cost to suppliers. Commencing in 2015, the Group began providing online decoration services through its decoration services channel on its websites.

Down payments collected on behalf of secondary home sellers consist of the down payments received from secondary home buyers which are transferrable to secondary home sellers when the transaction negotiation and documentation are completed. Commencing in January 2015, the Group began to provide real estate brokerage services and acts as an intermediary between sellers and buyers of secondary properties.

Refundable rental deposits were liabilities assumed from the BaoAn Acquisition, representing rental deposits received from the lessees of the BaoAn properties at the time of entering into the lease arrangements for offices and retail space. The rental deposits are refundable at the end of lease terms.

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

CONVERTIBLE SENIOR NOTES

12 Months Ended

Dec. 31, 2015

CONVERTIBLE SENIOR NOTES [Abstract]

CONVERTIBLE SENIOR NOTES

16.

CONVERTIBLE SENIOR NOTES

On December 4, 2013, the Company issued US400,000, 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 of the December 2018 Notes were US$390,455.

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.

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 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 Group intends to use the total 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.

The investors may redeem the Notes at any time in whole or in part at specified conversion prices. Additionally, investors of the December 2018 Notes have the right to require the Company to repurchase for cash all or part of their notes on December 15, 2016. As a result, the December 2018 Notes were reclassified to current as of December 31, 2015.

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 capitalized in “other non-current assets” on the consolidated balance sheets and amortized as interest expense using the effective interest rate method through the maturity date of the respective Notes. The effective interest rate was 2.86%, 1.56% and 2.46% for the December 2018 Notes, the September 2022 Notes and the November 2022 Notes, respectively. For the years ended December 31, 2013, 2014 and 2015, the Group recognized interest expense related to the Notes of nil, US$8,111 and US$8,904, respectively.

Accounting treatments

The Notes were originally recorded as long-term debt. The Group 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 Group 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. The accretion charge for the year ended December 31, 2015 was insignificant.

In connection with the make-whole fundamental change provision, 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 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, 2013, 2014 and 2015.

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 but their values were insignificant for the years ended December 31, 2013, 2014 and 2015. For the embedded contingent interest features not bifurcated from the December 2018 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, 2014 and 2015. The Group will continue to assess the accrual for these additional interest payment liabilities at each reporting date.

As of December 31, 2015, aggregate future principal payments for long-term debt, including short-term loans (Note 13) were as follows:

	US$

2016		100,000
2017		-
2018		400,000
2019		-
2020 and thereafter		300,000

		800,000

SHAREHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

SHAREHOLDERS' EQUITY

17.

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.

Upon completion of the Company’s follow-on offering on September 24, 2015, 3,418,803 Class A ordinary shares were issued by the Company. The proceeds from the follow-on offering amounted to US$100,000 and the issuance costs were insignificant.

Upon completion of the Company’s follow-on offerings on October 30 and November 10, 2015, 8,436,581 Class A ordinary shares were issued by the Company. The proceeds from the follow-on offerings net of issuance costs amounted to US$246,775.

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, 2013, 2014 and 2015.

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 August 18, 2014 and 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$82,380 and US$82,751, respectively. As of December 31, 2014 and 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$922,793 and US$955,571 as of December 31, 2014 and 2015, 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, 2014 and 2015 and for each of the three years in the period ended December 31, 2015 are disclosed in Note 26.

- 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
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
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-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
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-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 4
-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: 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 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

+ Details

TAXATION

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

TAXATION

18.

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, 2015.

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, 2015. In addition, as these entities were in a loss position, no withholding tax on the undistributed earnings was recognized as of December 31, 2014 and 2015. In 2011, Best Work acquired a property in New York, the United States of America which served as the Group’s global training facility 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. As of December 31, 2014 and 2015, US$5,059 and US$8,526, respectively, of unrecognized tax benefits had been recognized, which was fully offset by the deferred tax assets arising from net operating losses.

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 years ended December 31, 2014 and 2015.

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 HNTE certificates for SouFun Network, SouFun Media, Beijing Zhong Zhi Shi Zheng, and Beijing JTX Technology expired on May 27, 2012. The HNTE certificates for Beijing Technology expired on June 12, 2012. The Company applied for renewal of the HNTE certificates for these subsidiaries, which would enable them to continue qualifying for the preferential tax rates in years 2012, 2013 and 2014. The approval for the renewal of the HNTE certificates for the five subsidiaries was published on the Beijing Municipal Science & Technology Commission’s website between April and October 2012 and the Company received the renewed HNTE certificates between May and November 2012. Therefore, SouFun Media, Beijing Zhong Zhi Shi Zheng, SouFun Network, Beijing Technology and Beijing JTX Technology were entitled to the preferential tax rate of 15% for 2012, 2013 and 2014. The Company re-applied for the HNTE status for the abovementioned five subsidiaries andnewly applied for the HNTE status for Hong An Tu Sheng in 2015 and received the new HNTE certificates 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.

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 Group’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. As a result, current income tax expense of US$5,209 was reversed in the year ended December 31, 2014, due to the cumulative effect of applying the statutory tax rate of 25% during the year ended December 31, 2013.

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, 2015, 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,
	2013			2014			2015
	US$			US$			US$
PRC		390,488			365,370			(5,008	)
Non-PRC		(22,045	)		(30,544	)		(16,030	)

		368,443			334,826			(21,038	)

Income tax expenses (benefits) comprised:

	For the Years Ended December 31,
	2013		2014		2015
	US$		US$		US$
Current tax expense		54,299		54,270		26,456
Deferred tax expense (benefit)		15,482		27,339		(32,361	)

		69,781		81,609		(5,905	)

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,
	2013			2014			2015
	US$			US$			US$
Income (loss) before income taxes		368,443			334,826			(21,038	)
Income tax at applicable tax rate of 25%		92,111			83,707			(5,260	)
Effect of international tax rate differences		1,384			4,208			847
Non-deductible expenses		2,931			5,769			2,145
Effect of tax holidays or preferential tax rates		(45,902	)		(54,757	)		(5,985	)
Effect of tax rate changes		(15,101	)		(4,769	)		-
Investment basis difference in the PRC Domestic Entities		1,537			3,884			(335	)
Withholding tax		28,632			23,164			(30,578	)
Research and development super-deduction		(561	)		(2,284	)		(1,667	)
Changes in valuation allowance		4,283			(82	)		28,041
Unrecognized tax benefits		(3,120	)		393			(8,133	)
Changes in interest and penalties on unrecognized tax benefits		2,465			17,808			15,020

		69,781			81,609			(5,905	)

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

	As of December 31,
	2013			2014			2015
	US$			US$			US$

Balance at beginning of year		15,336			24,756			50,983
Increase relating to prior year tax positions		12,358			26,307			32,227
Increase relating to current year tax positions		-			-			5,124
Decrease relating to reversal of prior years’ tax position		-			-			(14,059	)
Decrease relating to expiration of applicable statute of limitations		(3,510	)		-			(1,787	)
Foreign currency translation adjustments		572			(80	)		(2,192	)

Balance at end of year		24,756			50,983			70,296

As of December 31, 2014 and 2015, the Group had recorded US$75,483 and US$104,211 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, 2014 and 2015, unrecognized tax benefits of US$40,631 and US$61,770, 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, 2013, 2014, and 2015, the Company recognized US$2,465, US$17,808 and US$15,020 in income tax expenses for interest and penalties related to uncertain tax positions. Accrued interest and penalties related to unrecognized tax benefits were US$29,613 and US$42,441 as of December 31, 2014 and 2015, 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 2011 through 2015, the US subsidiaries’ tax years 2013 through 2015 and the Hong Kong subsidiaries’ tax years 2010 through 2015 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,
	2013			2014			2015
	US$			US$			US$

The aggregate amount		(45,902	)		(54,757	)		(5,985	)
The aggregate effect on basic and diluted earnings per share for Class A and Class B ordinary shares:
-Basic		0.59			0.67			0.07
-Diluted		0.54			0.59			0.07

The components of deferred taxes were as follows:

	As of December 31,
	2014			2015
	US$			US$

Deferred tax assets, current
Accrued expenses		2,991			-

Total deferred tax assets, current		2,991			-

Deferred tax assets, non-current
Net operating losses		7,109			34,807
Share based compensation		-			4,263
Less: Valuation allowance		(5,539	)		(33,580	)

Total deferred tax assets, non-current, net		1,570			5,490

Deferred tax liabilities, non-current
Investment basis in the PRC entities		(95,199	)		(62,224	)
BaoAn Acquisition – Property		(15,827	)		(14,407	)

Deferred tax liabilities, non-current		(111,026	)		(76,631	)

As of December 31, 2015, the Company had net operating losses from several of its PRC entities of US$6,711, which can be carried forward to offset future taxable profit. The net operating loss carryforwards as of December 31, 2015 will expire in years 2016 to 2020 if not utilized.

Deferred tax liabilities arising from undistributed earnings

As of December 31, 2014 and 2015, 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$59,294 and US$28,716 were provided for the withholding tax of the PRC entities as of December 31, 2014 and 2015, respectively.

In September 2013, the PRC tax bureau granted SouFun Media and SouFun Network a reduced withholding tax rate of 5% on earnings to be distributed between years 2013 and 2015. Therefore, deferred tax liabilities related to the undistributed earnings of SouFun Media and SouFun Network amounting to US$15,101 were reversed during the year ended December 31, 2013. SouFun Media and SouFun Network have no plans to distribute dividend in 2015 and there is uncertainty whether Bravo Work Investments Limited could continue to enjoy the preferential withholding tax rate of 5% from 2016. As such, withholding tax rate of 10% was applied to calculate the deferred tax liability on the undistributed earnings of SouFun Media and SouFun Network for 2015.

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$35,905 and US$33,508 as of December 31, 2014 and 2015, respectively.

As of December 31, 2014 and 2015, 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$100,824 and US$475,620 as of December 31, 2014 and 2015, 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$10,082 and US$47,562 as of December 31, 2014 and 2015, respectively.

SHARE-BASED PAYMENTS

12 Months Ended

Dec. 31, 2015

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

SHARE-BASED PAYMENTS

19.

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 Group. 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 Group’s board of directors and shareholders approved the 2010 Stock Related Award Incentive Plan (the “2010 Plan”). Under the 2010 Plan, the Group 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 Group by eligible employees and to promote the success of the Group’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.

2015 Stock incentive plan

On June 4, 2015, the Group’s board of directors and shareholders approved the 2015 Stock Incentive Plan (the “2015 Plan”). Under the 2015 Plan, the Group 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 Group by eligible employees and to promote the success of the Group’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 and 2010 Plan for the year ended December 31, 2015 was stated below:

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

Outstanding, December 31, 2014		6,816,422			8.66		3.64		5.96	US$	192,859
Granted		2,263,092			29.98		6.13
Forfeited		(351,920	)		22.49		5.23
Expired		(6,600	)		12.21		4.48
Exercised		(516,371	)		11.50		4.56
Outstanding, December 31, 2015		8,240,623			13.80		4.21		5.98	US$	190,761
Vested and expected to vest at December 31, 2015		8,240,623			13.80		4.21		5.98	US$	190,761
Exercisable at December 31, 2015		5,715,911			7.98		3.50		4.74	US$	165,607

Included both Class A and Class B ordinary shares^.

The aggregate intrinsic value in the table above represents the difference between the fair value of the Company’s ordinary share at December 31, 2015 and the exercise price.

The weighted average grant-date fair value per share of options granted for the year ended December 31, 2015 was US$6.13. No options were granted in the years ended December 31, 2013 and 2014. Total intrinsic value of options exercised for the years ended December 31, 2013, 2014 and 2015 was US$44,401, US$45,826 and US$12,853, respectively.

As of December 31, 2015, there was US$2,702 of unrecognized share-based compensation cost related to equity awards that are expected to be recognized over a weighted-average vesting period of 1.33 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, 2015 under the 2010 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 6.45% and 6.67% are based on the Company’s estimated dividend distribution for the stock options granted during the year ended December 31, 2015.

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

			For the Years Ended December 31,
			2015

Risk-free interest rate			1.59% to 1.77%
Dividend yield			6.45% and 6.67%
Expected volatility range			41.18% to 51.14%
Weighted average expected life			6.35 years
Estimated forfeiture rate			-
Fair value of ordinary share			US$29.00 to US$30.00

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

	For the Years Ended December 31,
	2013		2014		2015
	US$		US$		US$

Cost of revenues		1,143		782		471
Selling expenses		1,621		1,122		446
General and administrative expenses		4,264		2,778		3,485

		7,028		4,682		4,402

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2015

RELATED PARTY TRANSACTIONS

20.

RELATED PARTY TRANSACTIONS

Related Parties

Name of Related Parties		Relationship with the Group

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

Richard Jiangong Dai		Director of the board (resigned from the board on February 25, 2016) and former chief executive officer

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

The Group had the following related party transactions for the years ended December 31, 2013, 2014 and 2015:

	For the Years Ended December 31,
	2013		2014		2015
	US$		US$		US$

Training service fee incurred:
- Wall Street Global Training Center, Inc.		250		-		-
Office building leased from:
-Vincent Tianquan Mo		175		174		169
Management fee incurred:
-Beihai Silver Beach		537		700		470
Hotel service fee incurred:
- Guangxi Wharton		16		-		-
- Beihai Silver Beach		110		-		-
- Upsky San Francisco		21		7		20
- Upsky Lighthouse		-		-		1
- Upsky Long Island		-		203		116

Training service from Wall Street Global Training Center, Inc.

Wall Street Global Training Center, Inc., a New York, United States of America, not-for-profit corporation, has been providing training services to the Group since 2011. The training fees incurred for the years ended December 31, 2013, 2014 and 2015 were US$250, nil, and nil, respectively.

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, 2013, 2014 and 2015.

Office building leased from Vincent Tianquan Mo

The Group 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$175, US$174 and US$169 and the corresponding shareholder contribution were included in the consolidated financial statements for the years ended December 31, 2013, 2014 and 2015, 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, 2013, 2014 and 2015 were US$537, US$700 and US$470, respectively.

Hotel service fee

For the year ended December 31, 2013, Guangxi Wharton, Upsky San Francisco and Beihai Silver Beach provided hotel accommodation to the Group amounting to US$16, US$21 and US$110, respectively. For the year ended December 31, 2014, Upsky San Francisco and Upsky Long Island provided hotel accommodation to the Group 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 Group amounting to US$20, US$116 and US$1, respectively.

Use of domain name of Che Tian Xia Company Ltd.

In April 2013, the Group 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.

Use of Arden House

For the year ended December 31, 2013, Research Center provided meeting facilities and accommodation at the Arden House, a property located in New York, United States of America, to the Group 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 Group through an entrustment agreement.

The Group had the following related party balances as of December 31, 2014 and 2015:

	As of December 31,
	2014			2015
	US$			US$
Amounts due (to) from a related party:
- Beihai Silver Beach		(600	)		262

The balances as of December 31, 2014 and 2015 represented outstanding management fees which were unsecured and interest-free.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

EMPLOYEE DEFINED CONTRIBUTION PLAN

12 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]

EMPLOYEE DEFINED CONTRIBUTION PLAN

21.

EMPLOYEE DEFINED CONTRIBUTION PLAN

Full time employees of the Group 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 Group make contributions to the government for these benefits based on certain percentages of the employees’ salaries. The Group has no legal obligation for the benefits beyond the contributions made. The total amounts for such employee benefits, which were expensed as incurred, were US$14,795, US$19,632 and US$46,861 for the years ended December 31, 2013, 2014 and 2015, respectively.

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

22.

COMMITMENTS AND CONTINGENCIES

Operating lease commitments

As of December 31, 2015, the Group had future minimum lease payments under non-cancellable operating leases with initial terms in excess of one year as follows:

	US$

2016		99,655
2017		61,733
2018		28,658
2019		6,179
2020 and thereafter		4,187

		200,412

Payments under operating leases are expensed on a straight-line basis over the periods of the respective leases. The Group’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 20. For the years ended December 31, 2013, 2014 and 2015, total rental expenses for all operating leases were US$12,915, US$14,302 and US$33,769, respectively.

Capital commitments

The Group’s capital commitments primarily relate to the purchase of an office building in Beijing, the PRC. The office building will become the Group’s new head office. Total capital commitments contracted but not yet reflected in the consolidated financial statements amounted to US$126,921 as of December 31, 2015. The purchase is expected to be completed in 2016 and payments will be made in accordance with the purchase agreement.

Income taxes

As of December 31, 2015, the Group had accrued US$70,296 for unrecognized tax benefits (Note 18). 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, 2015, the Group classified the accrual for unrecognized tax benefits as a current liability.

Guarantees

In accordance with ASC 460, the Group determined that the fair value of the guarantees provided on the transferred mortgage and unsecured loans and guaranteed loans (Note 9) was insignificant as of December 31, 2015 because the potential exposure to the Group 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 Group based on recovery risk and the likelihood of default was considered remote. Additionally, no contingent liability was recorded as of December 31, 2015 as there were no indicators that the borrowers will default in the foreseeable future.

SEGMENT REPORTING

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

SEGMENT REPORTING

23.

SEGMENT REPORTING

In accordance with ASC 280, “Segment Reporting”, the Group’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 Group’s consolidated results. As a result, the Group has only one reportable segment.

Entity-wide disclosures

The Group’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,
	2013		2014		2015
	US$		US$		US$
E-commerce services:
New home		188,102		244,294		318,612
Other product groups		5		50		156,198

Total E-commerce service revenues		188,107		244,344		474,810

Marketing services:
New home		258,479		260,333		219,057
Secondary and rental properties		919		1,093		2,498
Home furnishing and improvement		18,924		33,058		28,307

Total marketing service revenues		278,322		294,484		249,862

Listing services:
Secondary and rental properties		144,963		124,172		83,972
Research		14,178		19,019		21,540
Other product groups		2,406		2,463		2,410

Total listing service revenues		161,547		145,654		107,922

Financial services:
New home		-		2,927		20,156
Other product groups		-		308		9,426

Total financial service revenues		-		3,235		29,582

Geographic disclosures

As the Group generates substantially all of its revenues from customers domiciled in the PRC, no geographical segments are presented. All of the Group’s long-lived assets are located in the PRC except for buildings and land with net book values of US$54,432 and US$52,974 as of December 31, 2014 and 2015, respectively, which are located in the United States of America.

- 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=51669610&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=51669610&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&loc=d3e8538-108599

Reference 12: 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=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

24.

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,
	2013				2014				2015
	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		205,561		93,048		178,214		75,003		(10,783	)		(4,313	)
Denominator:
Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share		53,764,555		24,336,650		57,826,485		24,336,650		60,834,236			24,336,650
Denominator used for basic earnings (loss) per share		53,764,555		24,336,650		57,826,485		24,336,650		60,834,236			24,336,650
Earnings (loss) per share - basic		3.82		3.82		3.08		3.08		(0.18	)		(0.18	)
Earnings (loss) per share - diluted:
Numerator:
Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share		205,687		92,922		177,993		75, 224		(10,783	)		(4,313	)
Effect of convertible senior notes		566		-		11,032		-		-			-
Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share-diluted after assumed conversion		206,253		92,922		189,025		75, 224		(10,783	)		(4,313	)
Reallocation of net income (loss) attributable to ordinary shareholders as a result of conversion of Class B to Class A shares		92,922		-		75, 224		-		(4,313	)		-
Net income (loss) attributable to ordinary shareholders		299,175		92,922		264,249		75, 224		(15,096	)		(4,313	)
Denominator:
Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share		53,764,555		24,336,650		57,826,486		24,336,650		60,834,236			24,336,650
Conversion of Class B to Class A ordinary shares		24,336,650		-		24,336,650		-		24,336,650			-
Employee stock options		6,297,183		1,912,500		6,106,284		1,912,500		-			-
Convertible senior notes		204,290		-		3,939,200		-		-			-
Denominator used for diluted earnings (loss) per share		84,602,678		26,249,150		92,208,620		26,249,150		85,170,886			24,336,650
Earnings (loss) per share -diluted		3.54		3.54		2.87		2.87		(0.18	)		(0.18	)

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 because the impact of inclusion would be anti-dilutive.

The Overallotment Option (Note 16) was not assumed to be exercised and was not included in the computation of diluted earnings (loss) per share for the year ended December 31, 2013 because the average prices of the convertible senior notes and the ADS obtainable upon conversion was at or below the exercise price of the Overallotment Option.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

25.

SUBSEQUENT EVENTS

Agreement to acquire a controlling interest in Chongqing Wanli New Energy Co., Ltd. (“Wanli”)

On January 19, 2016, the Group entered into a share subscription and asset purchase agreement with Wanli, a company listed on the Shanghai Stock Exchange (stock code: 600847), and Mr. Xicheng Liu, the ultimate controlling shareholder of Wanli.

The acquisition is subject to the respective internal approvals of the relevant parties and PRC regulatory clearance, including the China Securities Regulatory Commission and other applicable regulatory authorities.

Share Repurchase Program

On February 25, 2016, the Company announced its share repurchase program, pursuant to which the Company may elect to repurchase the issued and outstanding ADS of the Company with an aggregate value of no more than US$200,000 within a period of 12 months.

Stock option grants

On February 6 and February 25, 2016, the Group granted options to acquire a total of 1,366,200 and 24,000 Class A ordinary shares, respectively to employees, directors and executive officers, at an exercise price of US$27.2 per share (or a total of 6,951,000 ADS at an exercise price of US$5.44 per ADS) under the 2010 Plan and the 2015 Plan. The options are subject to a four year service vesting condition and have a contractual life of ten years.

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

26.

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Condensed balance sheets

	As of December 31,
	2014		2015
	US$		US$

ASSETS
Current assets:
Cash and cash equivalents		20,374		427,156
Prepayments and other current assets		714		980
Amounts due from subsidiaries		-		21,743

Total current assets		21,088		449,879

Non-current assets:
Property and equipment, net		-		26
Long-term investments		59,035		46,364
Other non-current assets		6,434		3,182
Investment in subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries		1,079,628		1,044,567

Total non-current assets		1,145,097		1,094,139

Total assets		1,166,185		1,544,018

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:
Accrued expenses and other liabilities		435		2,365
Amounts due to subsidiaries and PRC Domestic Entities		133,141		-
Convertible senior notes		-		400,000

Total current liabilities		133,576		402,365

Non-current liabilities:
Convertible senior notes		400,000		287,887

Total non-current liabilities		400,000		287,887

Total liabilities		533,576		690,252

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 58,364,924 shares and 70,736,679 shares issued and outstanding as of December 31, 2014 and 2015, respectively		7,495		9,110
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, 2014 and 2015, respectively		3,124		3,124
Additional paid-in capital		101,072		478,391
Accumulated other comprehensive income (loss)		49,566		(10,364	)
Retained earnings		471,352		373,505

Total shareholders’ equity		632,609		853,766

Total liabilities and shareholders’ equity		1,166,185		1,544,018

Condensed statements of comprehensive income (loss)

	For the Years Ended December 31,
	2013			2014			2015
	US$			US$			US$

Revenues		-			-			-
Cost of revenues		-			-			-
Gross profit		-			-			-
General and administrative (expenses) income		(460	)		(867	)		3,023

Operating (loss) income		(460	)		(867	)		3,023

Equity in profits (losses) of subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries		298,812			270,241			(6,254	)
Interest income		-			3,303			260
Interest expenses		(566	)		(11,033	)		(12,108	)
Realized gain on available-for-sale security (including accumulated other comprehensive income reclassifications for unrealized net gain on available-for-sale security of US$821, nil and nil for the years ended December 31, 2013, 2014 and 2015, respectively)		821			-			-
Other-than-temporary impairment on available-for-sale securities		-			(8,417	)
Foreign exchange gain (loss)		2			(10	)		(17	)

Income (loss) before income taxes		298,609			253,217			(15,096	)

Income tax expenses		-			-			-

Net income (loss)		298,609			253,217			(15,096	)

Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		20,150			(4,323	)		(55,928	)

Unrealized gain (loss) on available-for-sale securities		78			10,508			(4,002	)
Reclassification adjustment for gain included in net income		(821	)		-			-

Other comprehensive income (loss), net of tax		19,407			6,185			(59,930	)
Comprehensive income (loss)		318,016			259,402			(75,026	)

Condensed statements of cash flows

	2013		2014			2015
	US$		US$			US$

Net cash provided by (used in) operating activities		1,192		914			(4,718	)
Net cash provided by (used in) investing activities		1,464		(118,045	)		(78,196	)
Net cash provided by (used in) financing activities		225,875		(101,442	)		489,695
Net increase (decrease) in cash and cash equivalents		228,531		(218,573	)		406,782
Cash and cash equivalents at beginning of year		10,416		238,947			20,374
Cash and cash equivalents at end of year		238,947		20,374			427,156

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 Group’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Use of Estimates

Use of Estimates

Principles of Consolidation

Principles of Consolidation

Business Combinations

Business Combinations

Foreign Currency Translation and Transactions

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 Group 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 Group 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, 2014 and 2015 are summarized below. There were no such assets as of December 31, 2013.

Fair Value Measurement as of December 31, 2014

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

Significant
Other
Observable
Inputs
(Level 2)

Unobservable
Inputs
(Level 3)

Fair Value at
December 31,
2014

US$

Available-for-sale securities

59,035

Fair Value Measurement as of December 31, 2015

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

Significant
Other
Observable
Inputs
(Level 2)

Unobservable
Inputs
(Level 3)

Fair Value at
December 31,
2015

US$

Available-for-sale securities

56,027

Revenue Recognition

Revenue Recognition

E-commerce service revenues consist of revenues derived from:

(1) SouFun membership services

(2) Online marketplace platform

(3) Direct sales services

(4) Sublease services

	US$

2016		40,889
2017		2,106
2018		906
2019		263
2020 and thereafter		164

		44,328

(5) Real estate online brokerage services

(6) Online decoration services

Marketing Services

The Group offers marketing services on the Group’s websites and mobile apps, primarily presented as banner advertisements, floating links, logos and other media insertions (“forms of services”). These marketin0g services are offered to real estate developers and providers of products and services for home decoration and improvement. Marketing services allow customers to place advertisements on particular areas of the Group’s websites and mobile apps, in particular formats and over particular periods of time. Written contracts, containing all significant terms, signed by the Group and its customers provide persuasive evidence of the arrangement. The contracts do not contain any specific performance, cancellation, termination or refund provisions.

For certain arrangements, the Group 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

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

Advertising Expenditure

Advertising Expenses

Leases

Leases

Income Taxes

Income Taxes

Government Subsidies

Government Subsidies

Share-based Compensation

Share-based Compensation

Earnings per Share

Earnings per Share

The liquidation and dividend rights of the holders of the Group’s Class A and Class B ordinary shares are identical, except with respect to voting. 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 Group’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

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, 2015

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

Shanghai Fang Chao Real Estate Broking Co., Ltd. (“Shanghai Fang Chao”)	June 3, 2015	PRC		Nil		Provision of real estate agency services

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

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

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

Shanghai SouFun Cun Fang Real Estate Broking Co., Ltd. (“Shanghai SouFun Cun Fang”)	May 14, 2015	PRC		Nil		Provision of real estate agency services

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

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

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

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

Shanghai Jia Tian Xia Financing Guarantee Co., Ltd. (“Shanghai Jia Tian Xia Financing Guarantee”)	January 22, 2015	PRC		100	%	Provision of financing guarantee services

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

Shanghai SouFun Microfinance Co., Ltd. (“Shanghai SouFun Microfinance”)	January 19, 2015	PRC		70	%	Provision of financial services

Tianjin Jia Tian Xia Commercial Factoring Co., Ltd. (“Tianjian Jia Tian Xia Commercial Factoring”)	December 22, 2014	PRC		100	%	Provision of commercial factoring services

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

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

Beijing Fang Tian Xia Decorative Engineering Co., Ltd. (“Beijing Fang Tian Xia Decorative Engineering”)	October 15, 2014	PRC		100	%	Provision of home décor services

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

Jia Tian Xia Network Technology Co., Ltd. (“Jia Tian Xia Network Technology”)	April 15, 2014	PRC		100	%	Provision of technology and information consultancy services

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

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

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

Shanghai BaoAn Enterprise Co., Ltd. (“Shanghai BaoAn Enterprise”)	March 31, 2013	PRC		75	%	Lease, resale and management of property

Shanghai BaoAn Hotel Co., Ltd. (“Shanghai BaoAn Hotel”)	March 31, 2013	PRC		75	%*	Operation and management of hotel, restaurant and other catering business

* Shanghai China Index Consultancy Co., Ltd. (“Shanghai China Index”), a PRC Domestic Entity, owns the remaining 25% equity interest.

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

Beijing Li Tian Rong Ze Wan Jia Technology Development Co., Ltd. (“Beijing Li Tian Rong Ze Wan Jia”)	December 1, 2012	PRC		Nil		Provision of marketing services and listing services

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

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

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

Beijing Zhong Zhi Xun Bo Information Technology Co. Ltd. (“Zhongzhi XunBo”)	January 6, 2012	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

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

Beijing Tuo Shi Huan Yu Network Technology Co., Ltd. (“Beijing Tuo Shi”)	March 1, 2011	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 Li Tian Rong Ze Technology Development Co., Ltd. (“Beijing Li Tian Rong Ze”)	September 10, 2009	PRC		Nil		Provision of marketing services and listing services

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

Tianjin Jia Tian Xia Advertising Co., Ltd. (“Tianjin Jia Tian Xia”)	November 22, 2007	PRC		Nil		Provision of marketing services and listing services

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

Shanghai SouFun Advertising Co., Ltd. (“Shanghai Advertising”)	December 12, 2006	PRC		Nil		Provision of marketing services and listing services

Shanghai China Index	December 12, 2006	PRC		Nil		Provision of other value-added 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

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 China Index Information Co., Ltd. (“Beijing China Index”)	November 8, 2004	PRC		Nil		Provision of other value-added services

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 Jia Tian Xia Advertising Co., Ltd. (“Beijing Advertising”)	September 1, 2000	PRC		Nil		Provision of marketing services, listing services and e-commerce services

Carrying Amount of Assets and Liabilities

	As of December 31,
	2014		2015
	US$		US$
ASSETS
Current assets:
Cash and cash equivalents		28,856		51,164
Restricted cash, current		97,988		103,179
Short-term investments		22,774		2,002
Accounts receivable (net of allowance of US$4,719 and US$12,622 as of December 31, 2014 and 2015, respectively)		11,847		68,654
Funds receivable		-		383
Commitment deposits		47,312		10,246
Prepayments and other current assets		20,553		151,654
Deferred tax assets, current		1,462		-

Total current assets		230,792		387,282

Non-current assets:
Property and equipment, net		18,166		21,642
Long-term investments		120,819		256,837
Restricted cash, non-current		109,495		-
Deferred tax assets, non-current		271		-
Deposit for non-current assets		-		594
Prepayment for business acquisition		9,806		-
Other non-current assets		7,814		4,559

Total non-current assets		266,371		283,632

Total assets		497,163		670,914
	As of December 31,
	2014		2015
	US$		US$
Current liabilities:
Deferred revenue		30,671		46,455
Accrued expenses and other liabilities		64,846		109,727
Customer’s refundable fees		17,637		36,245
Income tax payable		6,742		1,872
Intercompany payable to the WOFEs		137,168		293,697

Total current liabilities		257,064		487,996

Non-current liabilities:
Other non-current liabilities		4		-

Total non-current liabilities		4		-

Total liabilities		257,068		487,996

Net assets		240,095		182,918

Result of Operations

	For the Years Ended December 31,
	2013		2014		2015
	US$		US$		US$
Total revenues		93,715		107,950		315,797
Net income (loss)		10,131		25,464		(41,831	)

Summary of Cash Flow Activities

	For the Years Ended December 31,
	2013			2014			2015
	US$			US$			US$
Net cash generated from (used in) operating activities	211,049			113,176			(61,480)
Net cash generated from (used in) investing activities		14,427			(113,148	)		(8,913	)
Net cash (used in) generated from financing activities		(117,616	)		(106,688	)		95,078

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2015

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, 2014

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

Significant
Other
Observable
Inputs
(Level 2)

Unobservable
Inputs
(Level 3)

Fair Value at
December 31,
2014

US$

Available-for-sale securities

59,035

Fair Value Measurement as of December 31, 2015

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

Significant
Other
Observable
Inputs
(Level 2)

Unobservable
Inputs
(Level 3)

Fair Value at
December 31,
2015

US$

Available-for-sale securities

56,027

Schedule of future minimum sublease rental incomes

	US$

2016		40,889
2017		2,106
2018		906
2019		263
2020 and thereafter		164

		44,328

BUSINESS ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Estimated Aggregate Fair Values of Assets Acquired and Liabilities Assumed

	US$

Cash and cash equivalents		3,169
Prepayments and other current assets		1,800
Property and equipment, net		140,231
Deferred tax assets, non-current		1,093
Total identifiable assets acquired		146,293

Accrued expenses and other liabilities		(1,290	)
Other non-current liabilities		(919	)
Deferred tax liabilities, non-current		(16,368	)
Total liabilities assumed		(18,577	)

Net identifiable assets acquired		127,716
Gain on bargain purchase		(102	)
Total consideration		127,614

Pro Forma Information of Results of Operations

	For the Year Ended December 31,
	2013
	US$

Pro forma total revenues		637,379
Pro forma net income		298,376
Pro forma net income per ordinary share-basic		3.82
Pro forma net income per ordinary share-diluted		3.53

INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Short-Term Investment and Long-Term Investment

	As of December 31,
	2014		2015
	US$		US$
Short-term investments
Fixed-rate time deposits		455,184		62,559

Long-term investments:
Available-for-sale securities:
- Yirendai Ltd. ("Yirendai")		-		985
- Color Life Service Group ("Color Life")		24,091		23,703
- Hopefluent Group Holdings Limited ("Hopefluent")		34,944		31,339
		59,035		56,027
Cost method investments:
- Shenzhen World Union Properties Consultancy Co., Ltd. ("World Union")		-		121,394
- Sindeo, Inc. ("Sindeo")		-		5,000
- Tospur Real Estate Consulting Co., Ltd. ("Tospur")		62,257		62,257

		121,292		244,678

Summary of Available-for-Sale Securities

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value (Net Carrying Amount)
	US$		US$		US$			US$
December 31, 2014
- Color Life		13,583		10,508		-			24,091
- Hopefluent		34,944		-		-			34,944

		48,527		10,508		-			59,035

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

Schedule of unrealized losses and fair value

	As of December 31, 2015
	Less than 12 Months					12 Months or 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, 2015

Receivables [Abstract]

Accounts Receivable

	As of December 31,
	2014			2015
	US$			US$

Accounts receivable		71,088			178,580
Allowance for doubtful accounts		(21,397	)		(31,064	)

Accounts receivable, net		49,691			147,516

Allowance for Doubtful Accounts

	For the Years Ended December 31,
	2013			2014			2015
	US$			US$			US$
Movement in allowance for doubtful accounts:
Balance at beginning of year		12,122			15,019			21,397
Additional provision charged to expenses		13,437			17,377			18,649
Write-offs		(10,953	)		(10,933	)		(7,209	)
Foreign currency translation adjustments		413			(66	)		(1,773	)

Balance at end of year		15,019			21,397			31,064

LOANS RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

Summary of loans receivable

	As of December 31,
	2014		2015
	US$		US$
Current
Secured
-Entrusted loans		17,413		924
-Mortgage loans		11,943		16,614
		29,356		17,538
Unsecured loans		50,285		252,510
Less: Allowance for doubtful debts		-		(3,058	)

		79,641		266,990

Non-current
Secured
-Mortgage loans		41		1,717
		41		1,717
Unsecured loans		1,968		54,230
Less: Allowance for doubtful debts		-		(598	)

		2,009		55,349

	For the Years Ended December 31,
	2015
	US$

Movement in allowance for doubtful debts:
Balance at beginning of year		-
Additional provision charged to expenses		3,656
Write-offs		-

Balance at end of year		3,656

TAXATION (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income Before Income Taxes

	For the Years Ended December 31,
	2013			2014			2015
	US$			US$			US$
PRC		390,488			365,370			(5,008	)
Non-PRC		(22,045	)		(30,544	)		(16,030	)

		368,443			334,826			(21,038	)

Income Tax Expenses Benefits

	For the Years Ended December 31,
	2013		2014		2015
	US$		US$		US$
Current tax expense		54,299		54,270		26,456
Deferred tax expense (benefit)		15,482		27,339		(32,361	)

		69,781		81,609		(5,905	)

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

	For the Years Ended December 31,
	2013			2014			2015
	US$			US$			US$
Income (loss) before income taxes		368,443			334,826			(21,038	)
Income tax at applicable tax rate of 25%		92,111			83,707			(5,260	)
Effect of international tax rate differences		1,384			4,208			847
Non-deductible expenses		2,931			5,769			2,145
Effect of tax holidays or preferential tax rates		(45,902	)		(54,757	)		(5,985	)
Effect of tax rate changes		(15,101	)		(4,769	)		-
Investment basis difference in the PRC Domestic Entities		1,537			3,884			(335	)
Withholding tax		28,632			23,164			(30,578	)
Research and development super-deduction		(561	)		(2,284	)		(1,667	)
Changes in valuation allowance		4,283			(82	)		28,041
Unrecognized tax benefits		(3,120	)		393			(8,133	)
Changes in interest and penalties on unrecognized tax benefits		2,465			17,808			15,020

		69,781			81,609			(5,905	)

Unrecognized Tax Benefits, Exclusive of Related Interest and Penalties

	As of December 31,
	2013			2014			2015
	US$			US$			US$

Balance at beginning of year		15,336			24,756			50,983
Increase relating to prior year tax positions		12,358			26,307			32,227
Increase relating to current year tax positions		-			-			5,124
Decrease relating to reversal of prior years’ tax position		-			-			(14,059	)
Decrease relating to expiration of applicable statute of limitations		(3,510	)		-			(1,787	)
Foreign currency translation adjustments		572			(80	)		(2,192	)

Balance at end of year		24,756			50,983			70,296

Aggregate Amount and Effect of Tax Holidays and Preferential Tax Rates

	For the Years Ended December 31,
	2013			2014			2015
	US$			US$			US$

The aggregate amount		(45,902	)		(54,757	)		(5,985	)
The aggregate effect on basic and diluted earnings per share for Class A and Class B ordinary shares:
-Basic		0.59			0.67			0.07
-Diluted		0.54			0.59			0.07

Components of Deferred Taxes

	As of December 31,
	2014			2015
	US$			US$

Deferred tax assets, current
Accrued expenses		2,991			-

Total deferred tax assets, current		2,991			-

Deferred tax assets, non-current
Net operating losses		7,109			34,807
Share based compensation		-			4,263
Less: Valuation allowance		(5,539	)		(33,580	)

Total deferred tax assets, non-current, net		1,570			5,490

Deferred tax liabilities, non-current
Investment basis in the PRC entities		(95,199	)		(62,224	)
BaoAn Acquisition – Property		(15,827	)		(14,407	)

Deferred tax liabilities, non-current		(111,026	)		(76,631	)

SHARE-BASED PAYMENTS (Tables)

12 Months Ended

Dec. 31, 2015

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

Summary of Equity Award Activity

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

Outstanding, December 31, 2014		6,816,422			8.66		3.64		5.96	US$	192,859
Granted		2,263,092			29.98		6.13
Forfeited		(351,920	)		22.49		5.23
Expired		(6,600	)		12.21		4.48
Exercised		(516,371	)		11.50		4.56
Outstanding, December 31, 2015		8,240,623			13.80		4.21		5.98	US$	190,761
Vested and expected to vest at December 31, 2015		8,240,623			13.80		4.21		5.98	US$	190,761
Exercisable at December 31, 2015		5,715,911			7.98		3.50		4.74	US$	165,607

Assumptions Used to Estimate Fair Value

			For the Years Ended December 31,
			2015

Risk-free interest rate			1.59% to 1.77%
Dividend yield			6.45% and 6.67%
Expected volatility range			41.18% to 51.14%
Weighted average expected life			6.35 years
Estimated forfeiture rate			-
Fair value of ordinary share			US$29.00 to US$30.00

Share - Based Compensation Expense

	For the Years Ended December 31,
	2013		2014		2015
	US$		US$		US$

Cost of revenues		1,143		782		471
Selling expenses		1,621		1,122		446
General and administrative expenses		4,264		2,778		3,485

		7,028		4,682		4,402

RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2015

Related Parties

Name of Related Parties		Relationship with the Group

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

Richard Jiangong Dai		Director of the board (resigned from the board on February 25, 2016) and former chief executive officer

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

Related Party Transactions

	For the Years Ended December 31,
	2013		2014		2015
	US$		US$		US$

Training service fee incurred:
- Wall Street Global Training Center, Inc.		250		-		-
Office building leased from:
-Vincent Tianquan Mo		175		174		169
Management fee incurred:
-Beihai Silver Beach		537		700		470
Hotel service fee incurred:
- Guangxi Wharton		16		-		-
- Beihai Silver Beach		110		-		-
- Upsky San Francisco		21		7		20
- Upsky Lighthouse		-		-		1
- Upsky Long Island		-		203		116

Related Party Balances

	As of December 31,
	2014			2015
	US$			US$
Amounts due (to) from a related party:
- Beihai Silver Beach		(600	)		262

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Revenues by Product Groups

	For the Years Ended December 31,
	2013		2014		2015
	US$		US$		US$
E-commerce services:
New home		188,102		244,294		318,612
Other product groups		5		50		156,198

Total E-commerce service revenues		188,107		244,344		474,810

Marketing services:
New home		258,479		260,333		219,057
Secondary and rental properties		919		1,093		2,498
Home furnishing and improvement		18,924		33,058		28,307

Total marketing service revenues		278,322		294,484		249,862

Listing services:
Secondary and rental properties		144,963		124,172		83,972
Research		14,178		19,019		21,540
Other product groups		2,406		2,463		2,410

Total listing service revenues		161,547		145,654		107,922

Financial services:
New home		-		2,927		20,156
Other product groups		-		308		9,426

Total financial service revenues		-		3,235		29,582

EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

	For the Years Ended December 31,
	2013				2014				2015
	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		205,561		93,048		178,214		75,003		(10,783	)		(4,313	)
Denominator:
Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share		53,764,555		24,336,650		57,826,485		24,336,650		60,834,236			24,336,650
Denominator used for basic earnings (loss) per share		53,764,555		24,336,650		57,826,485		24,336,650		60,834,236			24,336,650
Earnings (loss) per share - basic		3.82		3.82		3.08		3.08		(0.18	)		(0.18	)
Earnings (loss) per share - diluted:
Numerator:
Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share		205,687		92,922		177,993		75, 224		(10,783	)		(4,313	)
Effect of convertible senior notes		566		-		11,032		-		-			-
Allocation of net income (loss) attributable to ordinary shareholders used in calculating income (loss) per ordinary share-diluted after assumed conversion		206,253		92,922		189,025		75, 224		(10,783	)		(4,313	)
Reallocation of net income (loss) attributable to ordinary shareholders as a result of conversion of Class B to Class A shares		92,922		-		75, 224		-		(4,313	)		-
Net income (loss) attributable to ordinary shareholders		299,175		92,922		264,249		75, 224		(15,096	)		(4,313	)
Denominator:
Weighted average number of ordinary shares outstanding used in calculating basic earnings (loss) per share		53,764,555		24,336,650		57,826,486		24,336,650		60,834,236			24,336,650
Conversion of Class B to Class A ordinary shares		24,336,650		-		24,336,650		-		24,336,650			-
Employee stock options		6,297,183		1,912,500		6,106,284		1,912,500		-			-
Convertible senior notes		204,290		-		3,939,200		-		-			-
Denominator used for diluted earnings (loss) per share		84,602,678		26,249,150		92,208,620		26,249,150		85,170,886			24,336,650
Earnings (loss) per share -diluted		3.54		3.54		2.87		2.87		(0.18	)		(0.18	)

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

	As of December 31,
	2014		2015
	US$		US$

ASSETS
Current assets:
Cash and cash equivalents		20,374		427,156
Prepayments and other current assets		714		980
Amounts due from subsidiaries		-		21,743

Total current assets		21,088		449,879

Non-current assets:
Property and equipment, net		-		26
Long-term investments		59,035		46,364
Other non-current assets		6,434		3,182
Investment in subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries		1,079,628		1,044,567

Total non-current assets		1,145,097		1,094,139

Total assets		1,166,185		1,544,018

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:
Accrued expenses and other liabilities		435		2,365
Amounts due to subsidiaries and PRC Domestic Entities		133,141		-
Convertible senior notes		-		400,000

Total current liabilities		133,576		402,365

Non-current liabilities:
Convertible senior notes		400,000		287,887

Total non-current liabilities		400,000		287,887

Total liabilities		533,576		690,252

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 58,364,924 shares and 70,736,679 shares issued and outstanding as of December 31, 2014 and 2015, respectively		7,495		9,110
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, 2014 and 2015, respectively		3,124		3,124
Additional paid-in capital		101,072		478,391
Accumulated other comprehensive income (loss)		49,566		(10,364	)
Retained earnings		471,352		373,505

Total shareholders’ equity		632,609		853,766

Total liabilities and shareholders’ equity		1,166,185		1,544,018

Condensed Statements of Comprehensive Income

	For the Years Ended December 31,
	2013			2014			2015
	US$			US$			US$

Revenues		-			-			-
Cost of revenues		-			-			-
Gross profit		-			-			-
General and administrative (expenses) income		(460	)		(867	)		3,023

Operating (loss) income		(460	)		(867	)		3,023

Equity in profits (losses) of subsidiaries, PRC Domestic Entities and PRC Domestic Entities’ subsidiaries		298,812			270,241			(6,254	)
Interest income		-			3,303			260
Interest expenses		(566	)		(11,033	)		(12,108	)
Realized gain on available-for-sale security (including accumulated other comprehensive income reclassifications for unrealized net gain on available-for-sale security of US$821, nil and nil for the years ended December 31, 2013, 2014 and 2015, respectively)		821			-			-
Other-than-temporary impairment on available-for-sale securities		-			(8,417	)
Foreign exchange gain (loss)		2			(10	)		(17	)

Income (loss) before income taxes		298,609			253,217			(15,096	)

Income tax expenses		-			-			-

Net income (loss)		298,609			253,217			(15,096	)

Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		20,150			(4,323	)		(55,928	)

Unrealized gain (loss) on available-for-sale securities		78			10,508			(4,002	)
Reclassification adjustment for gain included in net income		(821	)		-			-

Other comprehensive income (loss), net of tax		19,407			6,185			(59,930	)
Comprehensive income (loss)		318,016			259,402			(75,026	)

Condensed Statements of Cash Flows

	2013		2014			2015
	US$		US$			US$

Net cash provided by (used in) operating activities		1,192		914			(4,718	)
Net cash provided by (used in) investing activities		1,464		(118,045	)		(78,196	)
Net cash provided by (used in) financing activities		225,875		(101,442	)		489,695
Net increase (decrease) in cash and cash equivalents		228,531		(218,573	)		406,782
Cash and cash equivalents at beginning of year		10,416		238,947			20,374
Cash and cash equivalents at end of year		238,947		20,374			427,156

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, 2015

Shanghai Fang Chao Real Estate Broking Co., Ltd. [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Jun. 03, 2015

Place of Establishment

PRC

Principal Activities

Provision of real estate agency 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

Shanghai SouFun Cun Fang Real Estate Broking Co., Ltd. [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

May 14, 2015

Place of Establishment

PRC

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

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

Principal Activities

Provision of real estate agency services

Shanghai Jia Tian Xia Financing Guarantee Co Ltd [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Jan. 22, 2015

Place of Establishment

PRC

Percentage of Ownership

100.00%

^[1]

Principal Activities

Provision of financing guarantee services

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

70.00%

Principal Activities

Provision of financial services

Tianjin Jia Tian Xia Commercial Factoring Co Ltd [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Dec. 22, 2015

Place of Establishment

PRC

Percentage of Ownership

100.00%

Principal Activities

Provision of commercial factoring 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 financial 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 financial 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 home decor 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 financial services

Jia Tian Xia Network Technology Co., Ltd. [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Apr. 15, 2014

Place of Establishment

PRC

Percentage of Ownership

100.00%

Principal Activities

Provision of technology and information consultancy 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

Wuhan SouFun Yi Ran Ju Ke Real Estate Broking Co., Ltd. [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Dec. 13, 2013

Place of Establishment

PRC

Principal Activities

Provision of real estate agency services and real estate information 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

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

75.00%

^[1]

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

75.00%

^[2]

Principal Activities

Operation and management of hotel, restaurant and other catering business

Beijing Li Tian Rong Ze Wan Jia Technology Development Co Ltd [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Dec. 01, 2012

Place of Establishment

PRC

Principal Activities

Provision of marketing services and listing 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

Beijing Hua Ju Tian Xia Network Technology Co Ltd [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Jul. 25, 2012

^[3]

Place of Establishment

PRC

^[3]

Principal Activities

Provision of technology and information consultancy services

^[3]

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

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

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

Principal Activities

Provision of marketing services, rental services and real estate agency services

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

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 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 Li Tian Rong Ze Technology Development Co Ltd [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Sep. 10, 2009

Place of Establishment

PRC

Principal Activities

Provision of marketing services and listing services

Tianjin Jia Tian Xia Advertising Co., Ltd. [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Nov. 22, 2007

Place of Establishment

PRC

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 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

Principal Activities

Provision of marketing services and listing services

Shanghai SouFun Advertising Co., Ltd. [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Dec. 12, 2006

Place of Establishment

PRC

Principal Activities

Provision of marketing services and listing services

Shanghai China Index [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Dec. 12, 2006

Place of Establishment

PRC

Principal Activities

Provision of other value-added 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

Principal Activities

Provision of marketing services and listing 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

Principal Activities

Provision of real estate agency services, marketing services and listing services

Beijing China Index Information Co., Ltd. [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Nov. 08, 2004

Place of Establishment

PRC

Principal Activities

Provision of other value-added services Â

Beijing SouFun Internet Information Service Co., Ltd. [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Dec. 17, 2003

Place of Establishment

PRC

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 Jia Tian Xia Advertising Co., Ltd. [Member]

Summary of Investment Holdings [Line Items]

Date of Establishment

Sep. 01, 2000

Place of Establishment

PRC

Principal Activities

Provision of marketing services, listing services and e-commerce services

[1]	In accordance with PRC regulations on establishing financing companies, the initial transfer of share capital must be completed prior to the registration with PRC authorities. The initial transfer of share capital was completed during the year ended December 31, 2014. The subsequent registration procedures were approved in January 2015.
[2]	Shanghai China Index owns the remaining 25% equity interest.
[3]	Beijing Hua Ju Tian Xia was originally established as a WOFE by the Company in July 2012. In December 2014, the Company transferred its equity interest in Beijing Hua Ju Tian Xia to Vincent Tianquan Mo, executive chairman of the board of directors and chief executive officer, and simultaneously entered into a series of Contractual Agreements, as defined in Note 1, to obtain control over Beijing Hua Ju Tian Xia.

ORGANIZATION AND BASIS OF PRESENTATION (Schedule of Carrying Amounts of Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 817,921	$ 354,760	$ 581,010	$ 118,167
Restricted cash, current	103,179	97,988
Short-term investments	62,559	455,184
Accounts receivable (net of allowance of US$4,719 and US$12,622 as of December 31, 2014 and 2015, respectively)	147,516	49,691
Funds receivable	45,400	62,163
Commitment deposits	10,646	47,312
Prepayments and other current assets	$ 60,265	30,161
Deferred tax assets, current		2,991
Total current assets	$ 1,514,738	1,179,891
Non-current assets:
Property and equipment, net	326,504	217,105
Long-term investments	$ 244,678	121,292
Restricted cash, non-current		109,495
Deferred tax assets, non-current	$ 5,490	1,570
Deposit for non-current assets	$ 137,715	86,515
Prepayment for business acquisition		9,806
Other non-current assets	$ 10,852	16,556
Total non-current assets	780,588	564,348
Total assets	2,295,326	1,744,239
Current liabilities:
Deferred revenue	145,321	119,042
Accrued expenses and other liabilities	361,593	221,901
Customer's refundable fees	59,107	42,392
Income tax payable	9,948	35,394
Total current liabilities	1,075,969	500,139
Non-current liabilities:
Other non-current liabilities	312	385
Total non-current liabilities	364,830	611,411
Total liabilities	1,440,799	1,111,550
PRC Domestic Entities and the PRC Domestic Entities' subsidiaries [Member]
Current assets:
Cash and cash equivalents	51,164	28,856
Restricted cash, current	103,179	97,988
Short-term investments	2,002	22,774
Accounts receivable (net of allowance of US$4,719 and US$12,622 as of December 31, 2014 and 2015, respectively)	68,654	$ 11,847
Funds receivable	383
Commitment deposits	10,246	$ 47,312
Prepayments and other current assets	$ 151,654	20,553
Deferred tax assets, current		1,462
Total current assets	$ 387,282	230,792
Non-current assets:
Property and equipment, net	21,642	18,166
Long-term investments	$ 256,837	120,819
Restricted cash, non-current		109,495
Deferred tax assets, non-current		$ 271
Deposit for non-current assets	$ 594
Prepayment for business acquisition		$ 9,806
Other non-current assets	$ 4,559	7,814
Total non-current assets	283,632	266,371
Total assets	670,914	497,163
Current liabilities:
Deferred revenue	46,455	30,671
Accrued expenses and other liabilities	109,727	64,846
Customer's refundable fees	36,245	17,637
Income tax payable	1,872	6,742
Intercompany payable to the WOFEs	293,697	137,168
Total current liabilities	$ 487,996	257,064
Non-current liabilities:
Other non-current liabilities		4
Total non-current liabilities		4
Total liabilities	$ 487,996	257,068
Net assets	$ 182,918	$ 240,095

ORGANIZATION AND BASIS OF PRESENTATION (Schedule of Results of Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule Of Condensed Consolidating Statement Of Operations [Line Items]
Total revenues	$ 883,549	$ 702,882	$ 637,379
Net income (loss)	(15,096)	253,217	298,609
Domestic [Member]
Schedule Of Condensed Consolidating Statement Of Operations [Line Items]
Total revenues	315,797	107,950	93,715
Net income (loss)	$ (41,831)	$ 25,464	$ 10,131

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

ORGANIZATION AND BASIS OF PRESENTATION (Schedule of Cash Flows) (Details) - Domestic [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Cash Flow Statements, Captions [Line Items]
Net cash generated from (used in) operating activities	$ (61,480)	$ 113,176	$ 211,049
Net cash generated from (used in) investing activities	(8,913)	(113,148)	14,427
Net cash (used in) generated from financing activities	$ 95,078	$ (106,688)	$ (117,616)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Estimated Useful Lives of Assets) (Details)	12 Months Ended
	Dec. 31, 2015
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, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets, fair value disclosure, recurring	$ 56,027	$ 59,035
Fair Value Inputs Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets, fair value disclosure, recurring	$ 56,027	$ 59,035

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of future miimum sublease rental income) (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Accounting Policies [Abstract]
2016	$ 40,889
2017	2,106
2018	906
2019	263
2020 and thereafter	164
Total	$ 44,328

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 23, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Significant Accounting Policies [Line Items]
Return of share capital to noncontrolling interest holder upon disposal of a PRC Domestic Entity's subsidiary				$ 683
Other than temporary impairment losses investments available for sale securities		$ 0	$ 8,417	0
Allowance for doubtful accounts		31,064	$ 21,397
Commitment deposits, default		10,219
Allowance for doubtful accounts for commitment deposits		500
Business tax and surcharges		$ 48,253	$ 44,003	38,783
Business tax rate		5.00%
Value added tax rate		6.00%
Advertising costs		$ 44,123	6,202	$ 8,627
Capital lease description		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.
Percentage of estimated remaining economic life for lease term		75.00%
Percentage of fair value of leased property		90.00%
Percentage threshold for recognition of tax position that meet more likely than not measured at largest amount of tax benefit				50.00%
Net cash generated from (used in) operating activities		$ (165,310)	214,459	$ 408,056
Net income (loss)		(15,133)	253,217	298,662
Sublease rental income		18,241
Marketing services revenues recognized		52,000
Government grants		4,936	7,205	$ 4,031
Market Approach Valuation Technique [Member]
Significant Accounting Policies [Line Items]
Estimated fair value of convertible senior notes		$ 697,104	$ 353,316
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
Commission rate		15.00%
Maximum [Member] \| Loans Receivable [Member]
Significant Accounting Policies [Line Items]
Extended loan periods		36 months
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
Commission rate		5.00%
Minimum [Member] \| Loans Receivable [Member]
Significant Accounting Policies [Line Items]
Extended loan periods		1 month
Guangxi Overseas Talent Industrial Park Investment Co Ltd [Member]
Significant Accounting Policies [Line Items]
Disposition of equity interest	60.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	40.00%

CONCENTRATION OF RISKS (Details) - USD ($) $ in Thousands	12 Months Ended
CONCENTRATION OF RISKS (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Concentration Risk [Line Items]
Cash and cash equivalents,restricted cash and short term investments	$ 983,659
Revenues from customers which individually represent greater than 10% of total revenue	$ 883,549	$ 702,882	$ 637,379
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	56.40%
Financial Institution [Member] \| International [Member]
Concentration Risk [Line Items]
Cash and cash equivalents,restricted cash and short term investment held percentage	43.60%
Marketing Services [Member]
Concentration Risk [Line Items]
Revenues from customers which individually represent greater than 10% of total revenue	$ 249,862	$ 294,484	$ 278,322
Revenues from services as percentage of total revenues	28.30%	42.00%	44.00%
E Commerce Services [Member]
Concentration Risk [Line Items]
Revenues from services as percentage of total revenues	54.00%	35.00%	29.00%
Customer One [Member]
Concentration Risk [Line Items]
Revenues from customers which individually represent greater than 10% of total revenue	$ 0	$ 0	$ 0

BUSINESS ACQUISITION (Summary of Estimated Aggregate Fair Values of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Gain on bargain purchase			$ (102)
BaoAn [Member]
Business Acquisition [Line Items]
Cash and cash equivalents			3,169
Prepayments and other current assets			1,800
Property and equipment, net			140,231
Deferred tax assets, non-current			1,093
Total identifiable assets acquired			146,293
Accrued expenses and other liabilities			(1,290)
Other non-current liabilities			(919)
Deferred tax liabilities, non-current			(16,368)
Total liabilities assumed			(18,577)
Net identifiable assets acquired			127,716
Gain on bargain purchase			(102)
Total consideration			$ 127,614

BUSINESS ACQUISITION (Summary of Unaudited Pro forma Information related to Results of Operations) (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($) $ / shares
Business Combinations [Abstract]
Pro forma total revenues \| $	$ 637,379
Pro forma net income \| $	$ 298,376
Pro forma net income per ordinary share-basic \| $ / shares	$ 3.82
Pro forma net income per ordinary share-diluted \| $ / shares	$ 3.53

BUSINESS ACQUISITION (Narrative) (Details) $ in Thousands	12 Months Ended
BUSINESS ACQUISITION (Narrative) (Details) $ in Thousands	Dec. 31, 2015 USD ($) Item	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Business Acquisition [Line Items]
Gain on bargain purchase			$ 102
Number of business acquisitions \| Item	0
BaoAn [Member]
Business Acquisition [Line Items]
Gain on bargain purchase			102
Deferred tax liabilities, non-current			$ 16,368

PREPAYMENT FOR BUSINESS ACQUISITION (Details) - Beijing Run Ze Microfinance Limited [Member] - USD ($) $ in Thousands		12 Months Ended
	Dec. 22, 2014	Dec. 31, 2015
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	60.00%
Business Combination Consideration	$ 9,806
Payments To Acquire Businesses Gross		$ 9,806

INVESTMENTS (Short-Term Investment and Long-Term Investment) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Investment And Other Income [Line Items]
Short-term investments	$ 62,559	$ 455,184
Long-term investments	244,678	121,292
Fixed Rate Time Deposits [Member]
Investment And Other Income [Line Items]
Short-term investments	62,559	455,184
Available-for-sale securities [Member] \| Equity Securities [Member]
Investment And Other Income [Line Items]
Long-term investments	56,027	59,035
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	62,257	62,257
Available-for-sale securities [Member] \| Yirendai Ltd [Member] \| Equity Securities [Member]
Investment And Other Income [Line Items]
Short-term investments		985
Available-for-sale securities [Member] \| Hopefluent Group Holdings Limited [Member] \| Equity Securities [Member]
Investment And Other Income [Line Items]
Long-term investments	31,339	34,944
Available-for-sale securities [Member] \| Color Life Service Group [Member] \| Equity Securities [Member]
Investment And Other Income [Line Items]
Long-term investments	$ 23,703	$ 24,091
Available-for-sale securities [Member] \| Yirendaii Ltd [Member] \| Equity Securities [Member]
Investment And Other Income [Line Items]
Short-term investments
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	$ 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	$ 5,000

INVESTMENTS (Summary of Available-for-Sale Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 49,522	$ 48,527
Gross Unrealized Gain	10,120	$ 10,508
Gross Unrealized losses	(3,615)
Fair Value	56,027	$ 59,035
Color Life Service Group [Member] \| Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,583	13,583
Gross Unrealized Gain	$ 10,120	$ 10,508
Gross Unrealized losses
Fair Value	$ 23,703	$ 24,091
Hopefluent Group Holdings Limited [Member] \| Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 34,944	$ 34,944
Gross Unrealized Gain
Gross Unrealized losses	$ (3,605)
Fair Value	31,339	$ 34,944
Yirendai Ltd [Member] \| Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized 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) $ in Thousands	Dec. 31, 2015 USD ($)
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Less than Twelve Months, Fair Value	$ 32,324
Available-for-sale Securities, Twelve Months or Longer, Fair Value
Available-for-sale Securities, Fair Value	$ 32,324
Available-for-sale Securities, Less than 12 Months, Unrealized Loss	$ (3,615)
Available-for-sale Securities, 12 Months or Longer, Unrealized Loss
Available-for-sale Securities, Unrealized Loss	$ (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	$ 31,339
Available-for-sale Securities, Twelve Months or Longer, Fair Value
Available-for-sale Securities, Fair Value	$ 31,339
Available-for-sale Securities, Less than 12 Months, Unrealized Loss	$ (3,605)
Available-for-sale Securities, 12 Months or Longer, Unrealized Loss
Available-for-sale Securities, Unrealized Loss	$ (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
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
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	Dec. 31, 2015	Jun. 27, 2014	Oct. 29, 2015	May. 29, 2015	Nov. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 10, 2014
Investment And Other Income [Line Items]
Interest income on fixed-rate time deposits and adjustable-rate investments						$ 9,474	$ 27,166	$ 758
Unrealized gain on available-for-sale security						$ (4,002)	10,508	$ 78
Other-than-temporary impairment on available-for-sale security							8,417
Available for sale securities	$ 49,522					$ 49,522	$ 48,527
Investment income						1,333
Total losses for securities with net losses in accumulated other comprehensive income (loss)	3,615					3,615
Tospur Real Estate Consulting Co Ltd [Member]
Investment And Other Income [Line Items]
Impairment on cost method investment						0
Tospur Real Estate Consulting Co Ltd [Member] \| Cost-method Investments [Member]
Investment And Other Income [Line Items]
Consideration for acquisition of cost method investment									$ 62,257
Percentage of ownership interest									16.00%
Shenzhen World Union Properties Consultancy Co.,Ltd. [Member]
Investment And Other Income [Line Items]
Impairment on cost method investment						0
Sindeo, Inc. (the "Corporation") [Member]
Investment And Other Income [Line Items]
Impairment on cost method investment						0
Yirendai Ltd [Member]
Investment And Other Income [Line Items]
Unrealized gain on available-for-sale security						10
Market price of acquired frim						985
Equity Securities [Member] \| Color Life Service Group [Member]
Investment And Other Income [Line Items]
Unrealized gain on available-for-sale security						10,508
Unrealized loss						388
Market price of acquired frim						23,703	$ 24,091
Available for sale securities	$ 13,583					$ 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 frim						$ 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)	3,605					3,605
Equity Securities [Member] \| Yirendai Ltd [Member]
Investment And Other Income [Line Items]
Available for sale securities	995					995
Total losses for securities with net losses in accumulated other comprehensive income (loss)	$ 10					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%
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
Consideration for acquisition				$ 121,393
Percentage of ownership interest				10.06%
Available-for-sale securities [Member] \| Equity Securities [Member] \| Sindeo, Inc. (the "Corporation") [Member]
Investment And Other Income [Line Items]
Consideration for acquisition			$ 5,000
Percentage of ownership interest			11.03%
Available-for-sale securities [Member] \| Equity Securities [Member] \| Yirendai Ltd [Member]
Investment And Other Income [Line Items]
Shares acquired during the period	103,935					103,935
Consideration for acquisition	$ 992,039
Percentage of ownership interest	0.18%					0.18%
Unrealized gain on available-for-sale security	$ 95

ACCOUNTS RECEIVABLE (Schedule of Accounts Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
Accounts receivable	$ 178,580	$ 71,088
Allowance for doubtful accounts	(31,064)	(21,397)
Accounts receivable, net	$ 147,516	$ 49,691

ACCOUNTS RECEIVABLE (Schedule of Allowance for Doubtful Accounts) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Movement in allowance for doubtful accounts:
Balance at beginning of year	$ 21,397	$ 15,019	$ 12,122
Additional provision charged to expenses	18,649	17,377	13,437
Write-offs	(7,209)	(10,933)	(10,953)
Foreign currency translation adjustments	(1,773)	(66)	413
Balance at end of year	$ 31,064	$ 21,397	$ 15,019

PREPAYMENTS AND OTHER CURRENT ASSETS (Schedule of prepayments and other current assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses	$ 15,364	$ 4,800
Advance to employees	1,623	1,121
Receivable from a broker for exercise of employee stock options	237	667
Rental deposits and others	10,273	858
Interest receivable	13,168	$ 20,722
Rent paid to original lessors for sublease services	15,882
Others	3,718	$ 1,993
Prepayments and other current assets	$ 60,265	$ 30,161

LOANS RECEIVABLE (Summary of Loans Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Loans receivable, current
Less: Allowance for doubtful debts	$ (3,058)
Loans receivable, net, current	266,990	$ 79,641
Loans receivable, Non-current
Less: Allowance for doubtful debts	(598)
Loans receivable, net, non-current	55,349	$ 2,009
Secured Debt [Member]
Loans receivable, current
Loans receivable, gross	17,538	29,356
Loans receivable, Non-current
Loans receivable, gross	1,717	41
Unsecured Debt [Member]
Loans receivable, current
Loans receivable, gross	252,510	50,285
Loans receivable, Non-current
Loans receivable, gross	54,230	1,968
Mortgage Receivable [Member] \| Secured Debt [Member]
Loans receivable, current
Loans receivable, gross	16,614	11,943
Loans receivable, Non-current
Loans receivable, gross	1,717	41
Entrusted Loans Receivable [Member] \| Secured Debt [Member]
Loans receivable, current
Loans receivable, gross	$ 924	$ 17,413

LOANS RECEIVABLE (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan receivable in default	$ 3,120
Loans receivable impairment	396
Maximum potential payments under the guarantee	$ 37,870
Entrusted Loans Receivable [Member] \| Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan period	36 months	12 months
Interest rate	25.92%	20.00%
Collateral market value (as a percent)	1580.00%	174.00%
Entrusted Loans Receivable [Member] \| Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan period	1 month	6 months
Interest rate	6.00%	12.00%
Collateral market value (as a percent)	121.00%	103.00%
Mortgage Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable were derecognized	$ 36,546	$ 15,746
Gains or losses were recorded on the sales of mortgage loans receivable	0
General provision recognized	3,260	0
Maximum potential payments under the guarantee	$ 37,870	$ 14,798
Mortgage Receivable [Member] \| Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan period	18 months
Interest rate	9.60%
Collateral market value (as a percent)	1103.00%
Mortgage Receivable [Member] \| Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan period	1 month
Interest rate	6.00%
Collateral market value (as a percent)	146.00%
Credit Loans [Member] \| Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan period	36 months	36 months
Interest rate	24.00%	12.00%
Credit Loans [Member] \| Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan period	1 month	1 month
Interest rate	4.00%	4.00%

PROPERTY AND EQUIPMENT, NET (Schedule of Property and Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 370,720	$ 251,660
Less: Accumulated depreciation	(44,216)	(34,555)
Property plant and equipment Net	326,504	217,105
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	282,270	183,754
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	35,751	20,175
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	1,833	3,305
Leasehold Improvement [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	13,445	7,005
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, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Depreciation expenses	$ 14,668	$ 11,624	$ 9,701
Scenario One [Member]
Property, Plant and Equipment [Line Items]
Building	$ 13,770	$ 13,770

OTHER NON-CURRENT ASSETS (Schedule of other non-current assets ) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Investments, All Other Investments [Abstract]
Rental and other deposits	$ 2,375	$ 2,261
Interest receivable		7,504
Unamortized issuance costs for convertible senior notes (Note 16)	$ 3,283	$ 5,670
Rental deposits paid to original lessors for sublease services	4,420
Others	774	$ 1,121
Other non-current assets	$ 10,852	$ 16,556

SHORT-TERM AND LONG-TERM LOANS (Schedule of Short-term and Long-term Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Short-term loans	$ 100,000	$ 80,750
Long-term loans		$ 100,000

SHORT-TERM AND LONG-TERM LOANS (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Bank deposit, serves as bank borrowing security, classified as current	$ 103,179	$ 97,988
Bank deposit, serves as bank borrowing security, classified as non-current		109,495
Long term debt		100,000
Repayment of short-term loans	$ 153,500	90,000	$ 180,670
Short Term Debt [Member]
Debt Instrument [Line Items]
Debt instrument, interest rates above LIBOR	1.00%
Repayment of short-term loans			$ 180,670
Undrawn lines of credit		59,999
Reclassification from long-term loan to short-term loan	$ 59,999
Short Term Debt [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rates above LIBOR	1.00%
Short Term Debt [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rates above LIBOR	2.60%
Long Term Debt [Member]
Debt Instrument [Line Items]
Long term debt		180,750
Bank Borrowings [Member]
Debt Instrument [Line Items]
Secured Bank Borrowings	$ 100,000	80,750
Repayment of short-term loans	80,750
Bank Borrowings [Member] \| Short Term Debt [Member]
Debt Instrument [Line Items]
Bank deposit, serves as bank borrowing security, classified as current	103,179	97,988
Bank deposit, serves as bank borrowing security, classified as non-current	0	109,495
Pledged deposits released by financial institutions	92,336
Bank Time Deposits [Member]
Debt Instrument [Line Items]
Bank Deposits	$ 103,179	$ 97,988

ACCRUED EXPENSES AND OTHER LIABILITIES (Schedule of Accrued Expenses and Other Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Payroll and welfare benefit	$ 37,241	$ 22,404
Other taxes and surcharges payable	42,484	45,705
Accrued unrecognized tax benefits and related interest and penalties	104,211	75,483
Amounts payable to employees	3,493	2,391
Amounts payable to sales and marketing agents	82,769	61,463
Refundable rental deposits	5,927	1,221
Accrued rental expenses	1,118	$ 759
Amounts due to foremen and suppliers of decoration services	23,765
Amounts due to Tianxiajin investors	23,985
Down payments collected on behalf of secondary home sellers	4,452
Cash incentives payable to home buyers	14,594
Others	17,554	$ 12,475
Accrued expenses and other liabilities	$ 361,593	$ 221,901

CUSTOMERS' REFUNDABLE FEES (Schedule of customers' refundable fees) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenue Recognition [Abstract]
Balance at beginning of year	$ 42,392	$ 53,066
Cash received from customers during the year	392,750	475,590
Revenue recognized in earnings during the year	(204,282)	(229,985)
Remitted and payable to sales and marketing agents during the year	(95,212)	(98,085)
Refunds paid during the year	(73,526)	(158,022)
Foreign currency translation adjustments	(3,015)	(172)
Balance at end of year	$ 59,107	$ 42,392

CONVERTIBLE SENIOR NOTES (Narrative) (Details) $ / shares in Units, $ in Thousands		1 Months Ended			12 Months Ended			13 Months Ended
	Nov. 04, 2015 USD ($) shares	Nov. 30, 2015 USD ($) shares	Sep. 30, 2015 USD ($) shares	Sep. 24, 2015 USD ($) shares	Dec. 31, 2015 USD ($) $ / shares	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($) $ / shares	Sep. 24, 2016	Dec. 31, 2015 HKD / shares	Nov. 04, 2015 HKD / shares	Dec. 31, 2014 HKD / shares	Dec. 04, 2013 $ / shares	Sep. 30, 2010 $ / shares
Debt Instrument [Line Items]
Total net proceeds from issuance of senior convertible notes					$ 300,000	$ 50,000	$ 350,000
Debt Interest expense					8,904	8,111
Debt issuance costs amortization					1,393	$ 1,812	$ 3,483
Beneficial conversion feature (BCF) recognized					$ 12,113
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	8,436,581	8,436,581	3,418,803	3,418,803
Consideration received from shares issued	$ 246,770	$ 246,775	$ 100,000	$ 100,000
Aggregate principle amount				$ 100,000
Convertible senior notes, due date	Nov. 03, 2022			Sep. 24, 2022
Convertible senior notes, interest rate				1.50%						2.00%
Total net proceeds from issuance of senior convertible notes	$ 446,059			$ 199,645
Ordinary shares, par value \| (per share)							$ 1.00		HKD 1.00		HKD 1.00		$ 1
2.00% Convertible Senior Notes due December 15, 2018 [Member]
Debt Instrument [Line Items]
Convertible senior notes, initial purchasers right to purchase additional notes exercisable period						30 days
Convertible senior notes, interest rate					2.86%
Convertible senior notes, conversion price \| $ / shares												$ 20.31
Convertible senior notes, redemption price percentage						100.00%
Convertible senior notes, repurchase date						Dec. 15, 2016
Convertible senior notes, repurchase price percentage of principal amounts of notes						100.00%
Debt issuance costs					$ 9,545
Convertible senior notes, effective interest rate					2.84%
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
Convertible senior notes, interest rate					2.00%
Total net proceeds from issuance of senior convertible notes					$ 390,455
2.00% Convertible Senior Notes due December 15, 2018 [Member] \| Senior Notes Additional [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Aggregate principle amount					$ 50,000
September 2022 [Member]
Debt Instrument [Line Items]
Convertible senior notes, interest rate					1.56%
Debt issuance costs					$ 355
Convertible senior notes, effective interest rate					1.56%
November 2022 [Member]
Debt Instrument [Line Items]
Convertible senior notes, interest rate					2.46%
Convertible senior notes, conversion price \| HKD / shares										HKD 35.83
Debt issuance costs					$ 711
Convertible senior notes, effective interest rate					1.56%
Beneficial conversion feature (BCF) recognized					$ 12,113
Debt discount					$ 12,113
Ordinary shares, par value \| $ / shares					$ 38.00

CONVERTIBLE SENIOR NOTES (Schedule of future principal payments) (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Aggregate future principal payments for long-term debt, including short-term loans
2016	$ 100,000
2017
2018	$ 400,000
2019
2020 and thereafter	$ 300,000
Total	$ 800,000

SHAREHOLDERS' EQUITY (Details) $ / shares in Units, $ in Thousands		1 Months Ended				12 Months Ended
	Nov. 04, 2015 USD ($) shares	Nov. 30, 2015 USD ($) shares	Sep. 30, 2015 USD ($) shares	Sep. 24, 2015 USD ($) shares	Sep. 30, 2010 $ / shares shares	Dec. 31, 2015 USD ($)	Dec. 31, 2015 HKD / shares	Dec. 31, 2014 USD ($)	Dec. 31, 2014 HKD / shares	Aug. 18, 2014 USD ($)	Dec. 31, 2013 $ / shares	Jul. 29, 2013 USD ($)
Shareholders Equity [Line Items]
Shares Authorized					600,000,000
Declaration of dividends \| $										$ 82,380		$ 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 \| $						$ 955,571		$ 922,793
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.
Foreign Investment Enterprises [Member]
Shareholders Equity [Line Items]
Description of Regulatory Assistance						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.
Common Class A [Member]
Shareholders Equity [Line Items]
Ordinary shares converted					50,767,426
Ordinary shares, par value \| (per share)					$ 1		HKD 1.00		HKD 1.00		$ 1.00
Ordinary shares, voting rights					1
Shares Issued	8,436,581	8,436,581	3,418,803	3,418,803
Net proceeds \| $	$ 246,770	$ 246,775	$ 100,000	$ 100,000
Common Class B [Member]
Shareholders Equity [Line Items]
Ordinary shares converted					25,298,329
Ordinary shares, par value \| (per share)					$ 1		HKD 1.00		HKD 1.00		$ 1.00
Ordinary shares, voting rights					10
Ordinary shares, convertible per number of Class A ordinary shares					1

TAXATION (Schedule of Income Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
PRC	$ (5,008)	$ 365,370	$ 390,488
Non-PRC	(16,030)	(30,544)	(22,045)
Income (loss) before income taxes and noncontrolling interests	$ (21,038)	$ 334,826	$ 368,443

TAXATION (Schedule of Income Tax Expenses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Current tax expense	$ 26,456	$ 54,270	$ 54,299
Deferred tax expense/ (benefits)	(32,361)	27,339	15,482
Income tax expenses	$ (5,905)	$ 81,609	$ 69,781

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, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Income/ (loss) before income taxes	$ (21,038)	$ 334,826	$ 368,443
Income tax at applicable tax rate of 25%	(5,260)	83,707	92,111
Effect of international tax rate differences	847	4,208	1,384
Non-deductible expenses	2,145	5,769	2,931
Effect of tax holidays or preferential tax rates	$ (5,985)	(54,757)	(45,902)
Effect of tax rate changes		(4,769)	(15,101)
Investment basis difference in the PRC Domestic Entities	$ (335)	3,884	1,537
Withholding tax	(30,578)	23,164	28,632
Research and development super-deduction	(1,667)	(2,284)	(561)
Changes in valuation allowance	28,041	(82)	4,283
Unrecognized tax benefits	(8,133)	393	(3,120)
Changes in interest and penalties on unrecognized tax benefits	15,020	17,808	2,465
Effective Income Tax Reconciliation Adjustments Total, Total	$ (5,905)	$ 81,609	$ 69,781

TAXATION (Schedule of Roll-forward of Unrecognized Tax Benefits, Exclusive of Related Interest and Penalties) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Balance at beginning of year	$ 50,983	$ 24,756	$ 15,336
Increase relating to prior year tax positions	32,227	$ 26,307	$ 12,358
Increase relating to current year tax positions	5,124
Decrease relating to reversal of prior years' tax position	(14,059)
Decrease relating to expiration of applicable statute of limitations	(1,787)		$ (3,510)
Foreign currency translation adjustments			572
Foreign currency translation adjustments	(2,192)	$ (80)
Balance at end of year	$ 70,296	$ 50,983	$ 24,756

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, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Holiday [Line Items]
The aggregate amount	$ (5,985)	$ (54,757)	$ (45,902)
Basic Earnings Per Share [Member]
Income Tax Holiday [Line Items]
Aggregate tax benefit per share	$ 0.07	$ 0.67	$ 0.59
Diluted Earnings Per Share [Member]
Income Tax Holiday [Line Items]
Aggregate tax benefit per share	$ 0.07	$ 0.59	$ 0.54

TAXATION (Schedule of Components of Deferred Taxes) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets, current
Accrued expenses		$ 2,991
Total deferred tax assets, current		2,991
Deferred tax assets, non-current
Net operating losses	$ 34,807	$ 7,109
Share based compensation	4,263
Less: Valuation allowance	(33,580)	$ (5,539)
Total deferred tax assets, non-current, net	5,490	1,570
Deferred tax liabilities, non-current
Investment basis in the PRC entities	(62,224)	(95,199)
BaoAn Acquisition-Property	(14,407)	(15,827)
Deferred tax liabilities, non-current	$ (76,631)	$ (111,026)

TAXATION (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended				12 Months Ended
TAXATION (Narrative) (Details) - USD ($) $ in Thousands	May. 31, 2014	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	Sep. 30, 2013
Income Tax [Line Items]
Unrecognized Tax benefits							$ 70,296	$ 50,983	$ 24,756	$ 15,336
Unrecognized tax benefit that would impact the effective tax rate							61,770	40,631
Income tax expenses for interest and penalties							15,020	2,465		$ 17,808
Accrued Interest and penalties related to unrecognized tax benefits							42,441	29,613
Net Operating loss carry forwards							6,711
Deferred Tax Liabilities							28,716	59,294
Deferred Tax Liabilities							33,508	35,905
Temporary differences related to investment in subsidiaries							62,224	95,199
Number of subsidiaries that re-apply for high and new technology enterprise status										5
Accrued Expenses And Other Liabilities [Member]
Income Tax [Line Items]
Unrecognized Tax Benefits							104,211	75,483
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							475,620	100,824
Temporary differences related to investment in subsidiaries							$ 47,562	10,082
Hong Kong [Member]
Income Tax [Line Items]
Preferential tax rate							16.50%
Tax years open to examination							tax years 2009 through 2014
CHINA
Income Tax [Line Items]
Tax years open to examination							tax years 2010 through 2014
United States [Member]
Income Tax [Line Items]
Unrecognized Tax benefits							$ 8,526	$ 5,059
Tax years open to examination							tax years 2012 through 2014
Latest Tax Year [Member]
Income Tax [Line Items]
Operating loss carry forwards expiration date							2020
Earliest Tax Year [Member]
Income Tax [Line Items]
Operating loss carry forwards expiration date							2016
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%
Beijing Li Man Wan Jia, Beijing Zhong Zhi Xun Bo and Beijing Hua Ju Tian Xia [Member]
Income Tax [Line Items]
Reversal of Income Tax amount							$ 5,209
Federal Statutory Income Tax Rate									25.00%
Beijing Li Man Wan Jia, Beijing Zhong Zhi Xun Bo and Beijing Hua Ju Tian Xia [Member] \| 2015 [Member]
Income Tax [Line Items]
Reduced enterprise income tax rate	12.50%
Beijing Li Man Wan Jia, Beijing Zhong Zhi Xun Bo and Beijing Hua Ju Tian Xia [Member] \| 2016 [Member]
Income Tax [Line Items]
Reduced enterprise income tax rate	12.50%
Beijing Li Man Wan Jia, Beijing Zhong Zhi Xun Bo and Beijing Hua Ju Tian Xia [Member] \| 2017 [Member]
Income Tax [Line Items]
Reduced enterprise income tax rate	12.50%
SouFun Media and SouFun Network [Member]
Income Tax [Line Items]
Withholding tax rate											5.00%
Deferred tax liabilities reversed, undistributed earnings							$ 15,101
SouFun Media and SouFun Network [Member] \| Maximum [Member]
Income Tax [Line Items]
Reduced withholding tax rate, distribution period							2015
SouFun Media and SouFun Network [Member] \| Minimum [Member]
Income Tax [Line Items]
Reduced withholding tax rate, distribution period							2013
SouFun Shenzhen and SouFun Shanghai [Member]
Income Tax [Line Items]
Applicable enterprise income tax rate									25.00%	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%	15.00%
High and new technology enterprise certificate effective period							3 years
High and new technology enterprise certificate renewal period							3 years
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%	15.00%
Beijing Hong An Tu Sheng Network Technology Co Ltd [Member]
Income Tax [Line Items]
Preferential tax rate							12.50%

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

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Number of Share

Outstanding Beginning Balance

^[1]

6,816,422

Granted

2,263,092

Forfeited

^[1]

(351,920)

Expired

^[1]

(6,600)

Exercised

^[1]

(516,371)

Outstanding Ending Balance

^[1]

8,240,623

6,816,422

Vested and expected to vest at December 31, 2015

^[1]

8,240,623

Exercisable at December 31, 2015

^[1]

5,715,911

Weighted Average Exercise Price

Outstanding Beginning Balance

$ 8.66

29.98

22.49

12.21

11.50

Outstanding Ending Balance

13.80

$ 8.66

Vested and expected to vest at December 31, 2015

13.80

Exercisable at December 31, 2015

7.98

Weighted Average Grant Date Fair Value

Outstanding Beginning Balance

3.64

6.13

5.23

4.48

4.56

Outstanding Ending Balance

4.21

$ 3.64

Vested and expected to vest at December 31, 2015

4.21

Exercisable at December 31, 2015

$ 3.50

Weighted Average Remaining Contractual Term

Outstanding Beginning Balance

5 years 11 months 16 days

Outstanding Ending Balance

5 years 11 months 23 days

Vested and expected to vest at December 31, 2015

5 years 11 months 23 days

Exercisable at December 31, 2015

4 years 8 months 27 days

Aggregated Intrinsic Value

Outstanding Beginning Balance

$ 192,859

Outstanding Ending Balance

190,761

$ 192,859

Vested and expected to vest at December 31, 2015

190,761

Exercisable at December 31, 2015

$ 165,607

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

SHARE-BASED PAYMENTS - (Schedule of Assumptions Used to Estimate Fair Value) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assumptions Used To Determine Fair Value Options [Line Items]
Risk-free interest rate
Weighted average expected life	6 years 4 months 6 days
Estimated forfeiture rate
Minimum [Member]
Assumptions Used To Determine Fair Value Options [Line Items]
Risk-free interest rate	1.59%
Dividend yield	6.45%
Expected volatility range	41.18%
Fair value of ordinary share	$ 29
Maximum [Member]
Assumptions Used To Determine Fair Value Options [Line Items]
Risk-free interest rate	1.77%
Dividend yield	6.67%
Expected volatility range	51.14%
Fair value of ordinary share	$ 30

SHARE-BASED PAYMENTS - (Schedule of Share - Based Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share Based Compensation Expense	$ 4,402	$ 4,682	$ 7,028
Cost of revenues [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share Based Compensation Expense	471	782	1,143
Selling expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share Based Compensation Expense	446	1,122	1,621
General and administrative expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share Based Compensation Expense	$ 3,485	$ 2,778	$ 4,264

SHARE-BASED PAYMENTS - (Narrative) (Details) $ / shares in Units, $ in Thousands		1 Months Ended	12 Months Ended
	Aug. 04, 2010	Sep. 01, 1999	Dec. 31, 2015 USD ($) $ / shares	Dec. 31, 2014 USD ($) $ / shares	Dec. 31, 2013 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of options			$ 12,853	$ 44,401	$ 45,826
Weighted average grant-date fair value per share of options granted \| $ / shares			$ 6.13	$ 6.13
Unrecognized Share based compensation				$ 2,920
Recognition period for cost related to options			1 year 3 months 29 days
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Suboptimal exercise factor			2.5
Dividend yield			6.67%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Suboptimal exercise factor			1.5
Dividend yield			6.45%
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

RELATED PARTY TRANSACTIONS (Summary of Related Parties Transaction by Related Party) (Details)	12 Months Ended
	Dec. 31, 2015
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 (resigned from the board on February 25, 2016) and former chief executive officer
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

RELATED PARTY TRANSACTIONS (Schedule of Related Party Transactions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Office Building Lease	$ 169	$ 174	$ 175
Wall Street Global Training Center [Member]
Related Party Transaction [Line Items]
Training service fee			250
Vincent Tianquan Mo [Member]
Related Party Transaction [Line Items]
Office Building Lease	$ 169	$ 174	175
Beihai Silver Beach [Member] \| Management Services [Member]
Related Party Transaction [Line Items]
Service fee incurred	$ 470	$ 700	537
Beihai Silver Beach [Member] \| Hotel Operating Costs [Member]
Related Party Transaction [Line Items]
Service fee incurred			110
Guangxi Wharton [Member] \| Hotel Operating Costs [Member]
Related Party Transaction [Line Items]
Service fee incurred			16
Upsky San Francisco [Member] \| Hotel Operating Costs [Member]
Related Party Transaction [Line Items]
Service fee incurred	$ 20	$ 7	$ 21
Upsky San Francisco [Member] \| Hotel Operating Costs [Member]
Related Party Transaction [Line Items]
Service fee incurred	20
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	$ 116	$ 203

RELATED PARTY TRANSACTIONS (Schedule of Amounts Due to Related Party) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Amounts due to (from) a related party		$ 660
Beihai Silver Beach [Member]
Related Party Transaction [Line Items]
Amounts due to (from) a related party	$ 262	$ (600)

RELATED PARTY TRANSACTIONS - (Narrative) (Details) $ in Thousands	1 Months Ended			12 Months Ended
	Apr. 30, 2013	Apr. 01, 2013	Mar. 01, 2012	Dec. 31, 2015 USD ($) shares	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 ft²
Transactions With Third Party [Line Items]
Free rental space \| ft²							220
Office Building Lease				$ 169	$ 174	$ 175
Tianquan Vincent Mo [Member]
Transactions With Third Party [Line Items]
Lease period			10 years
Tianquan Vincent Mo [Member] \| Lease Expense [Member]
Transactions With Third Party [Line Items]
Office Building Lease				169	174	175
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				$ 470	$ 700	537
Beihai Silver Beach [Member] \| Hotel Operating Costs [Member]
Transactions With Third Party [Line Items]
Service fee incurred						110
Wall Street Global Training Center [Member]
Transactions With Third Party [Line Items]
Training service fee						250
Upsky San Francisco [Member] \| Hotel Operating Costs [Member]
Transactions With Third Party [Line Items]
Service fee incurred				$ 20	$ 7	21
Guangxi Wharton [Member] \| Hotel Operating Costs [Member]
Transactions With Third Party [Line Items]
Service fee incurred						$ 16
Upsky Long Island [Member] \| Hotel Operating Costs [Member]
Transactions With Third Party [Line Items]
Service fee incurred				$ 116	$ 203
Upsky Lighthouse Hotel [Member] \| Hotel Operating Costs [Member]
Transactions With Third Party [Line Items]
Service fee incurred				$ 1
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, 2015 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2016	$ 99,655
2017	61,733
2018	28,658
2019	6,179
2020 and thereafter	4,187
Operating Leases, Future Minimum Payments Due, Total	$ 200,412

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Commitments and Contingencies Disclosure [Abstract]
Rental expenses for operating Lease	$ 33,769	$ 14,302	$ 12,915
Unrecognized Tax benefits	70,296	$ 50,983	$ 24,756	$ 15,336
Total capital commitments contracted	$ 126,921

SEGMENT REPORTING (Schedule of Revenues by Product Groups) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenue from External Customer [Line Items]
Total gross revenues	$ 883,549	$ 702,882	$ 637,379
Listing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	107,922	145,654	161,547
E Commerce [Member]
Revenue from External Customer [Line Items]
Total gross revenues	474,810	244,344	188,107
Marketing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	249,862	294,484	$ 278,322
Financial Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	29,582	3,235
Other Product Group [Member] \| Listing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	2,410	2,463	$ 2,406
Other Product Group [Member] \| E Commerce [Member]
Revenue from External Customer [Line Items]
Total gross revenues	156,198	50	$ 5
Other Product Group [Member] \| Financial Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	9,426	308
Research Services [Member] \| Listing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	21,540	19,019	$ 14,178
New Home [Member] \| E Commerce [Member]
Revenue from External Customer [Line Items]
Total gross revenues	318,612	244,294	188,102
New Home [Member] \| Marketing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	219,057	260,333	$ 258,479
New Home [Member] \| Financial Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	20,156	2,927
Secondary And Rental Properties [Member] \| Listing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	83,972	124,172	$ 144,963
Secondary And Rental Properties [Member] \| Marketing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	2,498	1,093	919
Home Furnishing And Improvement [Member] \| Marketing Services [Member]
Revenue from External Customer [Line Items]
Total gross revenues	$ 28,307	$ 33,058	$ 18,924

SEGMENT REPORTING (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2013
United States [Member] \| Land And Building [Member]
Segment Reporting Information [Line Items]
Long Lived Tangible Assets Located Outside Country	$ 52,974	$ 54,432

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

12 Months Ended

Dec. 31, 2015

USD ($)

$ / shares

Dec. 31, 2015

HKD / shares

Dec. 31, 2014

USD ($)

$ / shares

Dec. 31, 2014

HKD / shares

Dec. 31, 2013

USD ($)

$ / shares

Dec. 31, 2013

HKD / shares

Denominator:

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

85,170,886

82,163,135

78,101,205

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

$ (0.18)

$ 3.08

$ 3.82

Numerator:

Net income (loss) attributable to ordinary shareholders

$ (15,133)

$ 253,217

$ 298,662

Denominator:

Employee stock options | shares

^[1]

8,240,623

6,816,422

Denominator used for diluted earnings (loss) per share | shares

85,170,886

92,208,620

84,602,678

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

$ (0.18)

$ 2.87

$ 3.54

Common Class B [Member]

Numerator:

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

$ (4,313)

$ 75,003

$ 93,048

Denominator:

Denominator used for basic earnings (loss) per share | shares

24,336,650

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

$ (0.18)

$ 3.08

$ 3.82

Numerator:

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

$ (4,313)

$ 75,224

$ 92,922

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

$ (4,313)

$ 75,224

$ 92,922

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

$ (4,313)

$ 75,224

$ 92,922

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 | shares

Employee stock options | shares

1,912,500

Convertible senior notes | shares

Denominator used for diluted earnings (loss) per share | shares

24,336,650

26,249,150

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

$ (0.18)

$ 2.87

$ 3.54

Common Class A [Member]

Numerator:

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

$ (10,783)

$ 178,214

$ 205,561

Denominator:

Denominator used for basic earnings (loss) per share | shares

60,834,236

57,826,485

53,764,555

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

$ (0.18)

$ 3.08

$ 3.82

Numerator:

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

$ (10,783)

$ 177,993

$ 205,687

Effect of convertible senior notes

11,032

566

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

$ (10,783)

189,025

206,253

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

(4,313)

75,224

92,922

Net income (loss) attributable to ordinary shareholders

$ (15,096)

$ 264,249

$ 299,175

Denominator:

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

HKD 60,834,236

HKD 57,826,485

HKD 53,764,555

Conversion of Class B to Class A ordinary shares | shares

24,336,650

Employee stock options | shares

6,106,284

6,297,183

Convertible senior notes | shares

3,939,200

204,290

Denominator used for diluted earnings (loss) per share | shares

85,170,886

92,208,620

84,602,678

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

$ (0.18)

$ 2.87

$ 3.54

Stock Conversion After Conversion Period [Member] | Common Class B [Member]

Numerator:

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

$ (4,302)

$ 75,224

$ 92,922

Stock Conversion After Conversion Period [Member] | Common Class A [Member]

Numerator:

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

$ (15,137)

$ 264,249

$ 299,175

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

SUBSEQUENT EVENTS - (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	12 Months Ended
	Feb. 06, 2016	Feb. 25, 2016	Dec. 31, 2015
Subsequent Event [Line Items]
Number of shares granted			2,263,092
Subsequent Event [Member]
Subsequent Event [Line Items]
Aggregate cash consideration for share repurchase		$ 200,000
Subsequent Event [Member] \| Directors and Executive Officers [Member] \| Common Class A [Member]
Subsequent Event [Line Items]
Number of shares granted	1,366,200	24,000
Exercise price		$ 27.2
Share based awards expiration period		12 months

CONDENSED BALANCE SHEET (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 817,921	$ 354,760	$ 581,010	$ 118,167
Short-term investments	62,559	455,184
Prepayments and other current assets	60,265	30,161
Total current assets	1,514,738	1,179,891
Non-current assets:
Property and equipment, net	326,504	217,105
Long-term investments	244,678	121,292
Other non-current assets	10,852	16,556
Total non-current assets	780,588	564,348
Total assets	2,295,326	1,744,239
Current liabilities:
Accrued expenses and other liabilities	361,593	221,901
Total current liabilities	1,075,969	500,139
Non-current liabilities:
Convertible senior notes	287,887	400,000
Total non-current liabilities	364,830	611,411
Total liabilities	$ 1,440,799	$ 1,111,550
Commitments and contingencies
Shareholders' equity:
Additional paid-in capital	$ 478,391	$ 101,072
Accumulated other comprehensive income (loss)	(10,364)	49,566
Retained earnings	373,505	471,352
Total shareholders' equity	853,766	632,609
Total liabilities and shareholders' equity	2,295,326	1,744,239
Common Class A [Member]
Shareholders' equity:
Ordinary Shares, Value	9,110	7,495
Common Class B [Member]
Shareholders' equity:
Ordinary Shares, Value	3,124	3,124
Parent Company [Member]
Current assets:
Cash and cash equivalents	427,156	20,374	$ 238,947	$ 10,416
Prepayments and other current assets	980	$ 714
Amounts due from subsidiaries	21,743
Total current assets	449,879	$ 21,088
Non-current assets:
Property and equipment, net	26
Long-term investments	46,364	$ 59,035
Other non-current assets	3,182	6,434
Investment in subsidiaries, PRC Domestic Entities and PRC Domestic Entities' subsidiaries	1,044,567	1,079,628
Total non-current assets	1,094,139	1,145,097
Total assets	1,544,018	1,166,185
Current liabilities:
Accrued expenses and other liabilities	$ 2,365	435
Amounts due to subsidiaries and PRC Domestic Entities		$ 133,141
Convertible senior notes	$ 400,000
Total current liabilities	402,365	$ 133,576
Non-current liabilities:
Convertible senior notes	287,887	400,000
Total non-current liabilities	287,887	400,000
Total liabilities	$ 690,252	$ 533,576
Commitments and contingencies
Shareholders' equity:
Additional paid-in capital	$ 478,391	$ 101,072
Accumulated other comprehensive income (loss)	(10,364)	49,566
Retained earnings	373,505	471,352
Total shareholders' equity	853,766	632,609
Total liabilities and shareholders' equity	1,544,018	1,166,185
Parent Company [Member] \| Common Class A [Member]
Shareholders' equity:
Ordinary Shares, Value	9,110	7,495
Parent Company [Member] \| Common Class B [Member]
Shareholders' equity:
Ordinary Shares, Value	$ 3,124	$ 3,124

CONDENSED BALANCE SHEET (Details) (Parenthetical)	Dec. 31, 2015 HKD / shares shares	Dec. 31, 2014 HKD / shares shares	Dec. 31, 2013 $ / shares	Sep. 30, 2010 $ / shares
Class A and Class B ordinary shares, shares authorized	600,000,000	600,000,000
Common Class A [Member]
Ordinary shares, par value \| (per share)	HKD 1.00	HKD 1.00	$ 1.00	$ 1
Ordinary Shares, Shares issued	70,736,679	58,364,924
Ordinary Shares, Shares outstanding	70,736,679	58,364,924
Common Class B [Member]
Ordinary shares, par value \| (per share)	HKD 1.00	HKD 1.00	$ 1.00	$ 1
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 / shares	HKD 1.00	HKD 1.00
Ordinary Shares, Shares issued	70,736,679	58,364,924
Ordinary Shares, Shares outstanding	70,736,679	58,364,924
Parent Company [Member] \| Common Class B [Member]
Ordinary shares, par value \| HKD / shares	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 INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Total gross revenues	$ 883,549	$ 702,882	$ 637,379
Cost of revenues	(555,389)	(145,739)	(102,488)
Gross profit	328,160	557,143	534,891
General and administrative (expenses) income	(125,405)	(100,571)	(83,384)
Operating (loss) income	(34,473)	309,533	350,358
Interest income	22,221	43,857	27,803
Interest expenses	$ (16,519)	$ (17,308)	(14,675)
Realized gain on available-for-sale security (including accumulated other comprehensive income reclassifications for unrealized net gain on available-for-sale security of US$821, nil and nil for the years ended December 31, 2013, 2014 and 2015, respectively)			$ 821
Other-than-temporary impairment on available-for-sale securities		$ (8,417)
Foreign exchange gain (loss)	$ 1,464	(44)	$ 3
Income (loss) before income taxes	(21,038)	334,826	368,443
Income tax expenses	5,905	(81,609)	(69,781)
Net income (loss)	(15,133)	253,217	298,662
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(55,928)	(4,323)	20,150
Unrealized gain (loss) on available-for-sale securities	(4,002)	10,508	78
Other comprehensive income (loss), net of tax	(59,930)	6,185	19,407
Comprehensive income (loss)	$ (75,063)	$ 259,402	$ 318,069
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Total gross revenues
Cost of revenues
Gross profit
General and administrative (expenses) income	$ 3,023	$ (867)	$ (460)
Operating (loss) income	3,023	(867)	(460)
Equity in profits (losses) of subsidiaries, PRC Domestic Entities and PRC Domestic Entities' subsidiaries	(6,254)	270,241	$ 298,812
Interest income	260	3,303
Interest expenses	$ (12,108)	$ (11,033)	$ (566)
Realized gain on available-for-sale security (including accumulated other comprehensive income reclassifications for unrealized net gain on available-for-sale security of US$821, nil and nil for the years ended December 31, 2013, 2014 and 2015, respectively)			$ 821
Other-than-temporary impairment on available-for-sale securities		$ (8,417)
Foreign exchange gain (loss)	$ (17)	(10)	$ 2
Income (loss) before income taxes	$ (15,096)	$ 253,217	$ 298,609
Income tax expenses
Net income (loss)	$ (15,096)	$ 253,217	$ 298,609
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(55,928)	(4,323)	20,150
Unrealized gain (loss) on available-for-sale securities	$ (4,002)	$ 10,508	78
Reclassification adjustment for gain included in net income			(821)
Other comprehensive income (loss), net of tax	$ (59,930)	$ 6,185	19,407
Comprehensive income (loss)	$ (75,026)	$ 259,402	$ 318,016

CONDENSED STATEMENTS OF INCOME (Details) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated other comprehensive income reclassifications for unrealized net gains on available-for-sale security			$ 821
Parent Company [Member]
Accumulated other comprehensive income reclassifications for unrealized net gains on available-for-sale security			$ 821

CONDENSED STATEMENTS OF CASH FLOW (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ (165,310)	$ 214,459	$ 408,056
Net cash provided by (used in) investing activities	58,562	(631,131)	(39,770)
Net cash provided by (used in) financing activities	587,471	192,065	87,149
Net increase (decrease) in cash and cash equivalents	463,161	(226,250)	462,843
Cash and cash equivalents at beginning of year	354,760	581,010	118,167
Cash and cash equivalents at end of year	817,921	354,760	581,010
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(4,718)	914	1,192
Net cash provided by (used in) investing activities	(78,196)	(118,045)	1,464
Net cash provided by (used in) financing activities	489,695	(101,442)	225,875
Net increase (decrease) in cash and cash equivalents	406,782	(218,573)	228,531
Cash and cash equivalents at beginning of year	20,374	238,947	10,416
Cash and cash equivalents at end of year	$ 427,156	$ 20,374	$ 238,947

DEPOSIT FOR NON-CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Non-refundable deposit	$ 137,715	$ 86,515
Buildings [Member]
Non-refundable deposit	135,299	85,722
Land Use Rights [Member]
Non-refundable deposit	$ 2,416	$ 793

DEPOSIT FOR NON-CURRENT ASSETS (Narrative) (Details) $ in Thousands	Dec. 31, 2015 USD ($)
PRC in Beijing [Member]
Interest free non-refundable deposits for buildings	$ 119,918
PRC in Chongqing [Member]
Interest free non-refundable deposits for buildings	13,978
PRC in Changzhou, Jiangsu Province [Member]
Interest free non-refundable deposits for buildings	$ 1,403