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Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases

Summary of supplemental information related to operating leases

		As of December 31,
		2019				2020
		RMB’000				RMB’000
Operating lease ROU assets			8,643,597				15,484,082
Operating lease liabilities-current			3,193,480				5,513,534
Operating lease liabilities-non-current			5,523,164				10,249,957
Total operating lease liabilities			8,716,644				15,763,491
Weighted average remaining lease term			4.4 years				4.8 years
Weighted average discount rate			4.7	%			5.0	%

Summary of lease cost recognized and supplemental cash flow information related to operating leases

		For the year ended December 31,
		2019				2020
		RMB’000				RMB’000
Operating lease cost			3,377,389				4,902,615
Short-term lease cost			1,212,899				1,902,078
Total (*)			4,590,288				6,804,693
Cash paid for operating leases			3,460,898				4,800,707

(*) The lease expenses based on ASC 840 were RMB4,571,036,000 for the year ended December 31, 2018.

Summary of maturity of lease liabilities

		As of December 31, 2020
		RMB’000
2021			5,605,832
2022			4,004,569
2023			2,771,987
2024			1,901,198
2025			1,100,481
2026 and thereafter			2,536,240
Total lease payments			17,920,307
Less: interest			(2,156,816	)
Present value of operating lease liabilities			15,763,491

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Disclosure of supplemental balance sheet information related to operating leases.

+ References

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Summary of lease cost recognized and supplemental cash flow information related to operating leases.

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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