Notes payable (Tables)

6 Months Ended

Jun. 30, 2026

Disclosure of detailed information about borrowings [abstract]

Summary of Note Payable


		As at
		December 31, 2025 RMB’million				June 30, 2026 RMB’million
Included in non-current liabilities			3,497				3,390

Summary of unsecured senior notes


		Principal amount (US$’million)				Carrying amount at December 31, 2025 (RMB’million)				Carrying amount at June 30, 2026 (RMB’million)				Interest Rate (per annum)				Due
2025 Notes			300				—				—				1.375	%			2025
2030 Notes			500				3,497				3,390				2.000	%			2030

			800				3,497				3,390