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Land use rights, net | 12 Months Ended
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Dec. 31, 2017
Land use rights, net |
Land use rights, net | 12. Land use rights, net Land use rights, net, consist of the following:
|  | As of December 31, |
|  | 2016 |  | 2017 |
|  | RMB |  | RMB |
Land use rights |  | 2,567,271 |  | 7,254,974 |
Less: Accumulated amortization |  | (119,760 | ) | (204,165 | )
Net book value |  | 2,447,511 |  | 7,050,809 |
Amortization expenses for land use rights were RMB30,360, RMB48,528 and RMB84,405 for the years ended December 31, 2015, 2016 and 2017, respectively. As of December 31, 2017, amortization expenses related to the land use rights for future periods are estimated to be as follows:
|  | For the year ending December 31, |
|  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 and thereafter |
|  | RMB |  | RMB |  | RMB |  | RMB |  | RMB |  | RMB |
Amortization expenses |  | 146,238 |  | 146,238 |  | 146,238 |  | 146,238 |  | 146,238 |  | 6,319,619 |

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- Definition The entire disclosure related to land use rights. + References No definition available. + Details
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