Land use rights, net

12 Months Ended

Dec. 31, 2024

10.	Land use rights, net

Land use rights, net consist of the following:


	As of December 31,
	2023			2024
	(RMB in millions)
Land use rights		42,219			40,650
Less: accumulated amortization and impairment		(2,656	)		(3,817	)

Net carrying amount		39,563			36,833

Amortization expenses for land use rights were RMB693 million, RMB900

million

and RMB959 million for the years ended December 31, 2022, 2023 and 2024, respectively. No impairment loss was recorded for the year ended December 31, 2022. For the years ended December 31, 2023 and 2024, the Group recorded impairment loss

of RMB210 million and RMB448 million

, respectively

As of December 31, 2024, amortization expenses related to the land use rights for future periods are estimated to be as follows:


	For the year ended December 31,
	2025		2026		2027		2028		2029		2030 and thereafter
	(RMB in millions)
Amortization expenses		901		901		901		901		901		32,328