Intangible assets, net

12 Months Ended

Dec. 31, 2020

13. Intangible assets, net

Intangible assets, net consist of the following:


	As of December 31, 2019
	Weighted- Average Amortization Period		Gross Carrying Amount		Accumulated Amortization			Impairment Amount			Net Carrying Amount
	Year		RMB’000		RMB’000			RMB’000			RMB’000
Strategic cooperation		5.0		6,075,289		(6,075,289	)		—			—
Non-compete		8.0		2,467,005		(1,502,141	)		—			964,864
Domain names and trademarks		19.3		3,311,250		(633,360	)		(27,124	)		2,650,766
Customer relationship		7.7		131,296		(42,534	)		(59,663	)		29,099
Technology and others		6.1		1,049,780		(499,137	)		(85,338	)		465,305

Total		9.3		13,034,620		(8,752,461	)		(172,125	)		4,110,034


	As of December 31, 2020
	Weighted- Average Amortization Period		Gross Carrying Amount		Accumulated Amortization			Impairment Amount			Net Carrying Amount
	Year		RMB’000		RMB’000			RMB’000			RMB’000
Strategic cooperation		5.0		6,075,289		(6,075,289	)		—			—
Non-compete		8.0		2,467,005		(1,810,905	)		—			656,100
Domain names and trademarks		18.9		3,912,034		(837,403	)		(27,124	)		3,047,507
Customer relationship		8.9		2,688,696		(155,415	)		(59,663	)		2,473,618
Technology and others		6.0		1,018,617		(647,616	)		(85,338	)		285,663

Total		9.5		16,161,641		(9,526,628	)		(172,125	)		6,462,888

Amortization expenses for intangible assets were RMB1,845,450,000, RMB932,550,000 and RMB801,661,000 for the years ended December 31, 2018, 2019 and 2020, respectively. The Group recorded an impairment charge of RMB15,416,000, nil and nil for the years ended December 31, 2018, 2019 and 2020, respectively.

As of December 31, 2020, amortization expenses related to the intangible assets for future periods are estimated to be as follows:


	For the year ended December 31,
	2021		2022		2023		2024		2025		2026 and thereafter
	RMB’000		RMB’000		RMB’000		RMB’000		RMB’000		RMB’000
Amortization expenses		934,298		781,057		664,815		552,493		491,897		3,038,328