| Intangible Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domain
name,
trademark
and
Internet
audio/video
program
transmission
license
RMB’million |
|
|
Copyrights
RMB’million |
|
|
Supplier
resources
RMB’million |
|
|
Corporate
customer
relationships
RMB’million |
|
|
Non-compete
agreement
RMB’million |
|
|
Others
RMB’million |
|
|
Total
RMB’million |
|
At January 1, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost |
|
|
1,650 |
|
|
|
3,275 |
|
|
|
337 |
|
|
|
244 |
|
|
|
176 |
|
|
|
413 |
|
|
|
6,095 |
|
Accumulated amortization |
|
|
(934 |
) |
|
|
(2,140 |
) |
|
|
(334 |
) |
|
|
(207 |
) |
|
|
(156 |
) |
|
|
(292 |
) |
|
|
(4,063 |
) |
Net book amount |
|
|
716 |
|
|
|
1,135 |
|
|
|
3 |
|
|
|
37 |
|
|
|
20 |
|
|
|
121 |
|
|
|
2,032 |
|
Year ended December 31,
2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opening net book amount |
|
|
716 |
|
|
|
1,135 |
|
|
|
3 |
|
|
|
37 |
|
|
|
20 |
|
|
|
121 |
|
|
|
2,032 |
|
Additions |
|
|
- |
|
|
|
678 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
6 |
|
|
|
684 |
|
Business combinations |
|
|
- |
|
|
|
146 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
146 |
|
Disposals |
|
|
- |
|
|
|
(13 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(1 |
) |
|
|
(14 |
) |
Amortization charge |
|
|
(143 |
) |
|
|
(590 |
) |
|
|
(1 |
) |
|
|
(9 |
) |
|
|
(6 |
) |
|
|
(50 |
) |
|
|
(799 |
) |
Closing net book amount |
|
|
573 |
|
|
|
1,356 |
|
|
|
2 |
|
|
|
28 |
|
|
|
14 |
|
|
|
76 |
|
|
|
2,049 |
|
At December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost |
|
|
1,650 |
|
|
|
4,099 |
|
|
|
337 |
|
|
|
244 |
|
|
|
176 |
|
|
|
417 |
|
|
|
6,923 |
|
Accumulated amortization |
|
|
(1,077 |
) |
|
|
(2,743 |
) |
|
|
(335 |
) |
|
|
(216 |
) |
|
|
(162 |
) |
|
|
(341 |
) |
|
|
(4,874 |
) |
Net book amount |
|
|
573 |
|
|
|
1,356 |
|
|
|
2 |
|
|
|
28 |
|
|
|
14 |
|
|
|
76 |
|
|
|
2,049 |
|
Year ended December 31,
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opening net book amount |
|
|
573 |
|
|
|
1,356 |
|
|
|
2 |
|
|
|
28 |
|
|
|
14 |
|
|
|
76 |
|
|
|
2,049 |
|
Additions |
|
|
- |
|
|
|
960 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
12 |
|
|
|
972 |
|
Business combinations |
|
|
- |
|
|
|
388 |
|
|
|
- |
|
|
|
- |
|
|
|
73 |
|
|
|
684 |
|
|
|
1,145 |
|
Disposals |
|
|
- |
|
|
|
(45 |
) |
|
|
(1 |
) |
|
|
- |
|
|
|
- |
|
|
|
(3 |
) |
|
|
(49 |
) |
Amortization charge |
|
|
(143 |
) |
|
|
(970 |
) |
|
|
- |
|
|
|
(6 |
) |
|
|
(9 |
) |
|
|
(90 |
) |
|
|
(1,218 |
) |
Closing net book amount |
|
|
430 |
|
|
|
1,689 |
|
|
|
1 |
|
|
|
22 |
|
|
|
78 |
|
|
|
679 |
|
|
|
2,899 |
|
At December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost |
|
|
1,650 |
|
|
|
5,544 |
|
|
|
316 |
|
|
|
40 |
|
|
|
93 |
|
|
|
928 |
|
|
|
8,571 |
|
Accumulated amortization |
|
|
(1,220 |
) |
|
|
(3,855 |
) |
|
|
(315 |
) |
|
|
(18 |
) |
|
|
(15 |
) |
|
|
(249 |
) |
|
|
(5,672 |
) |
Net book amount |
|
|
430 |
|
|
|
1,689 |
|
|
|
1 |
|
|
|
22 |
|
|
|
78 |
|
|
|
679 |
|
|
|
2,899 |
|
During the years ended December 31, 2023, 2024 and 2025, amortization was charged to the consolidated income statements as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, |
|
|
|
2023 |
|
|
2024 |
|
|
2025 |
|
|
|
RMB’million |
|
|
RMB’million |
|
|
RMB’million |
|
Cost of revenues |
|
|
578 |
|
|
|
597 |
|
|
|
999 |
|
Selling and marketing expenses |
|
|
10 |
|
|
|
10 |
|
|
|
5 |
|
General and administrative expenses |
|
|
193 |
|
|
|
192 |
|
|
|
214 |
|
|
|
|
781 |
|
|
|
799 |
|
|
|
1,218 |
|
|