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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases  
Summary of supplemental information related to operating leases
A summary of supplemental information related to operating leases as of December 31, 2022 and 2023 is as follows:
 
    
As of December 31,
 
    
2022
   
2023
 
              
    
(RMB in millions)
 
Operating lease ROU assets
     22,267       20,863  
Operating lease liabilities-current
     7,688       7,755  
Operating lease
liabilities-non-current
     14,978       13,676  
  
 
 
   
 
 
 
Total operating lease liabilities
     22,666       21,431  
  
 
 
   
 
 
 
Weighted average remaining lease term
     5.4 years       5.4 years  
Weighted average discount rate
     5.0     4.7
Summary of lease cost recognized and supplemental cash flow information related to operating leases
A summary of lease cost recognized in the Group’s consolidated statements of operations and comprehensive income/(loss) and supplemental cash flow information related to operating leases is as follows:
 
    
For the year ended December 31,
 
    
2021
    
2022
    
2023
 
                      
    
(RMB in millions)
 
Operating lease cost
     6,763        7,951        8,917  
Short-term lease cost
     2,782        3,181        3,358  
  
 
 
    
 
 
    
 
 
 
Total
     9,545        11,132        12,275  
  
 
 
    
 
 
    
 
 
 
Cash paid for operating leases
     6,715        7,915        9,086  
Summary of maturity of lease liabilities
A summary of maturity of operating lease liabilities under the Group’s
non-cancelable
operating leases as of December 31, 2023 is as follows:
 
    
As of December 31, 2023
 
    
(RMB in millions)
 
2024
     8,111  
2025
     5,029  
2026
     3,039  
2027
     1,943  
2028
     1,515  
2029 and thereafter
     5,467  
  
 
 
 
Total lease payments
     25,104  
Less: interest
     (3,673
  
 
 
 
Present value of operating lease liabilities
     21,431