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Land use rights, net | 12 Months Ended
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Dec. 31, 2022
Land use rights, net |
Land use rights, net |
12. | 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 |
Amortization expenses for land use rights were RMB229 million, RMB276 million and RMB693 million for the years ended December 31, 2020, 2021 and 2022, respectively. No impairment charge was recorded for the years ended December 31, 2020, 2021 and 2022, respectively. 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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- Definition The entire disclosure related to land use rights. + References No definition available. + Details
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