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Property, equipment and software, net
 12 Months Ended
Dec. 31, 2020
Property, equipment and software, net  
Property, equipment and software, net
11. Property, equipment and software, net
Property, equipment and software, net consist of the following:
 
    
As of December 31,
  
    
2019
     
2020
  
    
RMB’000
     
RMB’000
  
Electronic equipment
      14,397,628        15,111,294  
Building and building improvement
      9,084,029        11,276,112  
Logistics, warehouse and other heavy equipment
      6,104,497        7,418,054  
Vehicles
      1,249,667        1,775,587  
Leasehold improvement
      2,100,120        2,900,313  
Office equipment
      388,841        440,132  
Software
      301,919        781,274  
    
 
 
     
 
 
  
Total
      33,626,701        39,702,766  
Less: accumulated depreciation
      (12,911,659 )       (17,106,196 ) 
Less: impairment
      (60,971 )       —    
    
 
 
     
 
 
  
Net book value
      20,654,071        22,596,570  
    
 
 
     
 
 
  
Depreciation expenses were RMB3,533,483,000, RMB4,673,362,000 and RMB5,037,149,000 for the years ended December 31, 2018, 2019 and 2020, respectively.