Intangible assets, net

12 Months Ended

Dec. 31, 2024

11.	Intangible assets, net

Intangible assets, net consist of the following:


	As of December 31, 2023
	Weighted- Average Amortization Period		Gross Carrying Amount		Accumulated Amortization			Impairment Amount			Net Carrying Amount
	Year		(RMB in millions)
Non-compete		8.0		2,467		(2,407	)		—			60
Domain names and trademarks		17.8		6,756		(1,855	)		(551	)		4,350
Customer relationship		8.7		2,823		(1,087	)		(60	)		1,676
Technology and others		5.4		2,842		(1,546	)		(447	)		849

Total		12.1		14,888		(6,895	)		(1,058	)		6,935


	As of December 31, 2024
	Weighted- Average Amortization Period		Gross Carrying Amount		Accumulated Amortization			Impairment Amount			Net Carrying Amount
	Year		(RMB in millions)
Non-compete		8.0		2,467		(2,467	)		—			—
Domain names and trademarks		17.8		6,715		(2,185	)		(815	)		3,715
Customer relationship		8.7		5,157		(1,416	)		(112	)		3,629
Technology and others		5.4		2,905		(1,790	)		(666	)		449

Total		11.6		17,244		(7,858	)		(1,593	)		7,793

Amortization expenses for intangible assets were RMB1,248 million, RMB1,304 million and RMB987 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 losses of RMB902 million and RMB535 million for the

intangible assets

mainly identified from the acquisition of Dada

and other offline business

, respectively.

As of December 31, 2024, amortization expenses related to the intangible assets 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		1,028		1,017		1,000		852		742		3,154