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Land use rights, net

12 Months Ended

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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The entire disclosure related to land use rights.

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