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Land use rights, net | 12 Months Ended
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Dec. 31, 2023
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, |
|  | 2022 |  |  | 2023 |
|  | (RMB in millions) |
Land use rights |  |  | 35,481 |  |  |  | 42,219 |
Less: accumulated amortization and impairment |  |  | (1,633 | ) |  |  | (2,656 | )
Net book value |  |  | 33,848 |  |  |  | 39,563 |
Amortization expenses for land use rights were RMB276 million, RMB693 million and RMB900 million for the years ended December 31, 2021, 2022 and 2023, respectively. No impairment loss was recorded for the years ended December 31, 2021 and 2022, respectively. For the year ended December 31, 2023, the Group recorded impairment loss of RMB210 million. As of December 31, 2023, amortization expenses related to the land use rights for future periods are estimated to be as follows:
|  | For the year ended December 31, |
|  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 and thereafter |
|  | (RMB in millions) |
Amortization expenses |  |  | 944 |  |  |  | 944 |  |  |  | 944 |  |  |  | 943 |  |  |  | 943 |  |  |  | 34,845 |

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- Definition The entire disclosure related to land use rights. + References No definition available. + Details
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