Land use rights, net

12 Months Ended

Dec. 31, 2025

10.	Land use rights, net

Land use rights, net consist of the following:


	As of December 31,
	2024			2025
	(RMB in millions)
Land use rights		40,650			41,715
Less: accumulated amortization and impairment		(3,817	)		(4,837	)

Net carrying amount		36,833			36,878

Amortization expenses for land use rights were RMB900 million, RMB959 million and RMB1,003 million for the years ended December 31, 2023, 2024 and 2025, respectively. For the years ended December 31, 2023, 2024 and 2025, the Group recorded impairment losses of RMB210 million, RMB448 million and nil, respectively.

As of December 31, 2025, amortization expenses related to the land use rights for future periods are estimated to be as follows:


	For the year ended December 31,
	2026		2027		2028		2029		2030		2031 and thereafter
	(RMB in millions)
Amortization expenses		969		969		969		969		969		32,033