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Land use rights, net (Tables) | 12 Months Ended
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Dec. 31, 2022
Land use rights, net |
Schedule of land use rights, net | Land use rights, net consist of the following:
|  | As of December 31, |
|  | 2021 |  |  | 2022 |
|  | (RMB in millions) |
Land use rights |  |  | 15,253 |  |  |  | 35,481 |
Less: accumulated amortization |  |  | (925 | ) |  |  | (1,633 | )
Net book value |  |  | 14,328 |  |  |  | 33,848 |
Schedule of amortization expenses related to the land use rights for future periods | As of December 31, 2022, amortization expenses related to the land use rights for future periods are estimated to be as follows:
|  | For the year ended December 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 and thereafter |
|  | (RMB in millions) |
Amortization expenses |  |  | 791 |  |  |  | 791 |  |  |  | 791 |  |  |  | 791 |  |  |  | 791 |  |  |  | 29,893 |

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