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Property, equipment and software, net
12 Months Ended
Dec. 31, 2023
Property, equipment and software, net  
Property, equipment and software, net
11.
Property, equipment and software, net
Property, equipment a
n
d software, net consist of the following:
 
    
As of December 31,
 
    
2022
    
2023
 
               
    
(RMB in millions)
 
Electronic equipment
     2,663        2,644  
Land, building and building improvement
     40,642        56,445  
Logistics, warehouse and other heavy equipment
     14,097        16,653  
Vehicles
     5,743        7,268  
Leasehold improvement
     4,550        5,117  
Office equipment
     640        696  
Software
     1,033        1,049  
  
 
 
    
 
 
 
Total
     69,368        89,872  
Less: accumulated depreciation and impairment
     (14,288      (19,837
  
 
 
    
 
 
 
Net book value
     55,080        70,035  
  
 
 
    
 
 
 
Depreciation expenses were RMB5,000 million, RMB5,295 million and RMB6,088 million for the years ended December 31, 2021, 2022 and 2023, respectively. No material 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 RMB819 million.