v3.26.1
Property, equipment and software, net (Tables)
12 Months Ended
Dec. 31, 2025
Property, equipment and software, net  
Schedule of property, equipment and software, net
Property, equipment and software, net consist of the following:
 
    
As of December 31,
 
    
2024
    
2025
 
    
(RMB in millions)
 
Land, building and building improvement
     70,977        78,716  
Logistics, warehouse and other heavy equipment
     18,061        20,337  
Vehicles
     8,981        11,433  
Leasehold improvement
     5,895        7,656  
Electronic equipment
     2,947        3,259  
Office equipment
     757        1,255  
Software
     1,072        1,121  
  
 
 
    
 
 
 
Total
     108,690        123,777  
Less: accumulated depreciation and impairment
     (25,953      (32,428
  
 
 
    
 
 
 
Net carrying amount
     82,737        91,349