Land use rights, net

12 Months Ended

Dec. 31, 2022

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