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Investment in equity investees (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of condensed financial information of the Group's equity investments


		For the year ended December 31,
		2018				2019				2020
		RMB’000				RMB’000				RMB’000
Revenues			94,099,295				128,942,238				140,263,093
Gross profit			26,893,544				34,540,510				45,590,152
Income/(loss) from operations			(1,471,960	)			(534,006	)			5,157,037
Net income/(loss)			(1,722,715	)			(564,940	)			2,680,283
Net income/(loss) attributable to ordinary shareholders			(1,748,305	)			(1,235,224	)			3,291,840


		As of December 31,
		2019				2020
		RMB’000				RMB’000
Current assets			117,073,881				129,535,325
Non-current assets			97,456,584				97,110,227
Current liabilities			94,482,219				97,668,673
Non-current liabilities			18,910,340				17,371,342
Redeemable stock			10,593,025				—
Non-controlling interests			380,510				1,118,940

Yonghui Group

Schedule of investment accounted for using equity method


		As of December 31,
		2019				2020
		RMB’000				RMB’000
Carrying value of investment in Yonghui			5,508,062				6,537,937
Proportionate share of Yonghui’s net tangible and intangible assets			2,249,239				2,601,974

Positive basis difference			3,258,823				3,935,963

Positive basis difference has been assigned to:
Goodwill			1,989,726				2,602,844
Amortizable intangible assets (*)			1,692,129				1,777,492
Deferred tax liabilities			(423,032	)			(444,373	)

			3,258,823				3,935,963

Cumulative gains in equity interest in Yonghui			428,729				601,771

(*)	As of December 31, 2020, the weighted average remaining life of the intangible assets not included in Yonghui’s consolidated financial statements was 14 years.

Dada Group

Schedule of investment accounted for using equity method


		As of December 31,
		2019				2020
		RMB’000				RMB’000
Carrying value of investment in Dada’s ordinary shares			—				7,280,394
Proportionate share of Dada’s net tangible and intangible assets			(1,701,718	)			3,336,314

Positive basis difference			1,701,718				3,944,080

Positive basis difference has been assigned to:
Goodwill			1,605,891				3,892,938
Amortizable intangible assets (*)			127,770				68,189
Deferred tax liabilities			(31,943	)			(17,047	)

			1,701,718				3,944,080

Cumulative gains/(losses) in equity interest in Dada’s ordinary shares			(2,164,050	)			854,374

(*)	As of December 31, 2020, the weighted average remaining life of the intangible assets not included in Dada’s consolidated financial statements was 5 years.