Investments in equity investees (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Equity Method Investments [Line Items]

Schedule of condensed financial information of the Group's equity investments


	For the year ended December 31,
	2023			2024		2025
	(RMB in millions)
Revenues		149,237			146,583		104,075
Gross profit		48,134			70,000		56,510
(Loss)/income from operations		(274	)		8,334		20,597
Net (loss)/income		(1,733	)		4,380		17,846
Net (loss)/income attributable to the investees’ ordinary shareholders		(1,506	)		4,641		17,990


	As of December 31,
	2024		2025
	(RMB in millions)
Current assets		161,218		154,476
Non-current assets		146,848		145,184
Current liabilities		124,013		122,333
Non-current liabilities		44,090		48,705
Redeemable stock		28,167		—
Non-controlling interests		4,429		4,534

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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