v3.26.1
Term deposits and cash and cash equivalents
6 Months Ended
Jun. 30, 2026
Deposits From Banks [Abstract]  
Term deposits and cash and cash equivalents
17.
Term deposits and cash and cash equivalents
 
 
(a)
Term deposits
As at December 31, 2025 and June 30, 2026, the Group’s term deposits were denominated in RMB and US$.
As at December 31, 2025 and June 30, 2026, the carrying amounts of the term deposits with initial terms of over three months approximated to their fair value.
 
 
(b)
Restricted cash
As at June 30, 2026, restricted cash held at banks of RMB8 million (December 31, 2025: RMB15 million) were mainly denominated in RMB, representing restricted deposits used as security against certain lawsuits.
 
 
 
(c)
Cash and cash equivalents
 
    
As at
 
    
December 31,
    
June 30,
 
    
2025
    
2026
 
    
RMB’million
    
RMB’million
 
Cash at bank
    
8,169
 
  
 
18,168
 
Term deposits with initial terms within three months
    
301
 
  
 
5,530
 
  
 
 
    
 
 
 
     8,470        23,698