Leases (Tables)

12 Months Ended

Dec. 31, 2024

Summary of supplemental information related to operating leases

A summary of supplemental information related to operating leases as of December 31, 2023 and 2024 is as follows:


		As of December 31,
		2023				2024
		(RMB in millions)
Operating lease ROU assets			20,863				24,532
Operating lease liabilities-current			7,755				7,606
Operating lease liabilities-non-current			13,676				18,106

Total operating lease liabilities			21,431				25,712

Weighted average remaining lease term			5.4 years				7.2 years
Weighted average discount rate			4.7	%			4.2	%

Summary of lease cost recognized and supplemental cash flow information related to operating leases

A summary of lease cost recognized in the Group’s consolidated statements of operations and comprehensive income and supplemental cash flow information related to operating leases is as follows:


		For the year ended December 31,
		2022				2023				2024
		(RMB in millions)
Operating lease cost			7,951				8,917				8,934
Short-term lease cost			3,181				3,358				3,263

Total			11,132				12,275				12,197

Cash paid for operating leases			7,915				9,086				9,546

Summary of maturity of lease liabilities

A summary of maturity of operating lease liabilities under the Group’s

non-cancelable

operating leases as of December 31, 2024 is as follows:


		As of December 31, 2024
		(RMB in millions)
2025			7,778
2026			4,878
2027			3,199
2028			2,498
2029			1,975
2030 and thereafter			9,568

Total lease payments			29,896
Less: interest			(4,184	)

Present value of operating lease liabilities			25,712