Intangible assets, net

12 Months Ended

Dec. 31, 2023

13.	Intangible assets, net

Intangible assets, net consist of the following:


	As of December 31, 2022
	Weighted- Average Amortization Period		Gross Carrying Amount		Accumulated Amortization			Impairment Amount			Net Carrying Amount

	Year		(RMB in millions)
Non-compete		8.0		2,467		(2,279	)		—			188
Domain names and trademarks		17.8		6,756		(1,440	)		(27	)		5,289
Customer relationship		8.7		2,823		(765	)		(60	)		1,998
Technology and others		5.4		2,890		(1,141	)		(85	)		1,664

Total		12.1		14,936		(5,625	)		(172	)		9,139


	As of December 31, 2023
	Weighted- Average Amortization Period		Gross Carrying Amount		Accumulated Amortization			Impairment Amount			Net Carrying Amount

	Year		(RMB in millions)
Non-compete		8.0		2,467		(2,407	)		—			60
Domain names and trademarks		17.8		6,756		(1,855	)		(551	)		4,350
Customer relationship		8.7		2,823		(1,087	)		(60	)		1,676
Technology and others		5.4		2,842		(1,546	)		(447	)		849

Total		12.1		14,888		(6,895	)		(1,058	)		6,935

Amortization expenses for intangible assets were RMB956 million, RMB1,248 million and RMB1,304 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 an impairment loss of RMB902 million for the intangible assets

identified

from the acquisition of Dada.

As of December 31, 2023, amortization expenses related to the intangible assets 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		1,173		897		738		699		568		2,860