v3.26.1
Investments accounted for using equity method (Tables)
6 Months Ended
Jun. 30, 2026
Investments accounted for using equity method [abstract]  
Summary of Investments Accounted for Using Equity Method
    
As at
 
    
December 31,
    
June 30,
 
    
2025
    
2026
 
    
RMB’million
    
RMB’million
 
Investments in associates
    
1,572
 
  
 
2,608
 
Investments in joint ventures
    
87
 
  
 
83
 
  
 
 
    
 
 
 
     1,659        2,691  
  
 
 
    
 
 
 
Summary of Share of Profits/(Losses) of Investments Accounted for Using Equity Method
    
Six months ended June 30,
 
    
2025
    
2026
 
    
RMB’million
    
RMB’million
 
Share of profit/(loss) of investments accounted for using equity method:
     
Associates
    
42
 
  
 
31
 
Joint ventures
    
(3
  
 
(1
  
 
 
    
 
 
 
     39        30  
  
 
 
    
 
 
 
Summary of Movement of Investments in Associates and Joint Ventures
Movement of investments in associates and joint ventures is analyzed as follows:
 
    
Six months ended June 30,
 
    
2025
    
2026
 
    
RMB’million
    
RMB’million
 
At beginning of the period
    
4,669
 
  
 
1,659
 
Additions
    
1,824
 
  
 
84
 
Transfer (Note a)
    
— 
 
  
 
954
 
Business combinations
    
2
 
  
 
21
 
Share of profit, net
    
39
 
  
 
30
 
Share of other comprehensive (loss)/income
    
(38
  
 
1
 
Deemed disposal (Note 9)
    
(4,506
  
 
 
Disposal
    
(49
  
 
(4
Currency translation differences
    
(10
  
 
(48
Dividend income
    
(72
  
 
(6
At end of the period
    
1,859
 
  
 
2,691