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Land use rights, net

12 Months Ended

Dec. 31, 2021

12. Land use rights, net

Land use rights, net consist of the following:


	As of December 31,
	2020			2021

	(RMB in millions)
Land use rights		11,787			15,253
Less: accumulated amortization		(662	)		(925	)

Net book value		11,125			14,328

Amortization expenses for land use rights were RMB222 million, RMB229 million and RMB276

million for the years ended December 31, 2019, 2020 and 2021, respectively. No impairment charge was recorded for the years ended December 31, 2019, 2020 and 2021, respectively.

As of December 31, 2021, amortization expenses related to the land use rights for future periods are estimated to be as follows:


	For the year ended December 31,
	2022		2023		2024		2025		2026		2027 and thereafter

	(RMB in millions)
Amortization expenses		319		319		319		319		319		12,733