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Land use rights, net

12 Months Ended

Dec. 31, 2016

Land use rights, net

Land use rights, net

11.  Land use rights, net

Land use rights, net, consist of the following:

		As of December 31,
		2015		2016
		RMB		RMB
Land use rights		1,999,424		2,567,271
Less: Accumulated amortization		(71,232	)	(119,760	)
Net book value		1,928,192		2,447,511

Amortization expenses for land use rights were RMB19,342, RMB30,360 and RMB48,528 for the years ended December 31, 2014, 2015 and 2016, respectively.

As of December 31, 2016, amortization expenses related to the land use rights for future periods are estimated to be as follows:

		For the year ended December 31,
		2017		2018		2019		2020		2021		2022 and thereafter
		RMB		RMB		RMB		RMB		RMB		RMB
Amortization expenses		52,329		52,329		52,329		52,329		52,329		2,185,866

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The entire disclosure related to land use rights.

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