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Land use rights, net | 12 Months Ended
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Dec. 31, 2018
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,
|  | 2017 |  | 2018
|  | RMB |  | RMB
Land use rights |  | 7,254,974 |  | 10,860,924
Less: Accumulated amortization |  | (204,165) |  | (385,266)
Net book value |  | 7,050,809 |  | 10,475,658
Amortization expenses for land use rights were RMB48,528, RMB84,405 and RMB181,101 for the years ended December 31, 2016, 2017 and 2018, respectively. As of December 31, 2018, amortization expenses related to the land use rights for future periods are estimated to be as follows:
|  | For the year ending December 31,
|  |  |  |  |  |  |  |  |  |  |  | 2024 and
|  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | thereafter
|  | RMB |  | RMB |  | RMB |  | RMB |  | RMB |  | RMB
Amortization expenses |  | 218,729 |  | 218,729 |  | 218,729 |  | 218,729 |  | 218,729 |  | 9,382,013

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