v3.26.1
Note to consolidated statements of cash flows - Cash generated from (used in) operations (Details) - CNY (¥)
¥ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Note to consolidated statements of cash flows      
Profit (loss) before income tax ¥ (611,269) ¥ 1,254,658 ¥ (4,662,680)
Adjusted for:      
Share-based compensation 1,963,506 2,252,738 2,589,593
Depreciation and amortization 2,861,699 3,165,067 4,825,207
Allowances for credit losses 6,055,583 3,347,767 2,090,866
Interest income and investment loss (income), net (2,467,821) (1,335,124) (2,395,464)
Share of loss (profit) of equity method investees (273,915) (243,435) (563,698)
Fair value changes of preferred shares and other financial instruments issued by subsidiaries (189,824) 924,403 4,870,388
Gain or loss on disposal or deemed disposal of subsidiaries 2,052 (8,087) (2,839,384)
Loss (income) on disposal of property and equipment and other assets (489,293) (512,336) (273,975)
Impairment of property and equipment and other assets 20,067 24,577 165,159
Foreign exchange loss (gain) (646,851) 1,129,759 (271,411)
Accretion of discount on borrowings and others (346,913) 156,332 168,099
Increase in restricted cash (1,047,496) (586,237) (338,421)
Increase in accounts receivable, net (1,747,972) (764,920) (1,480,559)
Increase in prepayments, receivables and other current assets (5,963,770) (3,500,847) (5,205,501)
Decrease (increase) in other noncurrent assets (281,694) (1,015,696) (32,436)
Increase (decrease) in accounts and notes payable 765,864 (101,375) 1,844,844
Increase (decrease) in accrued expenses and other current liabilities 10,969,410 875,316 3,571,776
Increase (decrease) in other noncurrent liabilities (62,893) (84,746) 140,176
Cash generated from (used in) operations ¥ 8,508,470 ¥ 4,977,814 ¥ 2,202,579