Financial
assets
at amortized
cost

Financial
assets
at fair value
through
profit and loss

Financial
assets
at fair value
through other
comprehensive
income

Total

Financial assets

RMB’million

RMB’million

RMB’million

RMB’million

As at December 31, 2024

Accounts receivable (Note 20)

3,508

-

-

3,508

Other receivables (Note 19)

1,379

-

-

1,379

Term deposits (Note 21(a))

24,418

-

-

24,418

Restricted cash (Note 21(b))

11

-

-

11

Cash and cash equivalents (Note 21(c))

13,164

-

-

13,164

Other investments (Note 18(b))

-

355

-

355

Financial assets at fair value through other
   comprehensive income (Note 18(a))

-

-

14,498

14,498

42,480

355

14,498

57,333

As at December 31, 2025

Accounts receivable (Note 20)

3,903

-

-

3,903

Other receivables (Note 19)

1,263

-

-

1,263

Term deposits (Note 21(a))

29,573

-

-

29,573

Restricted cash (Note 21(b))

15

-

-

15

Cash and cash equivalents (Note 21(c))

8,470

-

-

8,470

Other investments (Note 18(b))

-

386

-

386

Financial assets at fair value through other
   comprehensive income (Note 18(a))

-

-

26,231

26,231

43,224

386

26,231

69,841

Liabilities at
amortized cost

Financial liabilities

RMB’million

As at December 31, 2024

Notes payable (Note 25)

5,726

Accounts payable

6,879

Other payables and other liabilities (note)

1,263

Lease liabilities

325

14,193

As at December 31, 2025

Notes payable (Note 25)

3,497

Accounts payable

6,284

Other payables and other liabilities (note)

1,853

Lease liabilities

316

11,950