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Intangible assets, net | 12 Months Ended
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Dec. 31, 2024
Intangible assets, net |
Intangible assets, net |
11. | Intangible assets, net
Intangible assets, net consist of the following:
|  | 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 |
|  | As of December 31, 2024 |
|  | Weighted- Average Amortization Period |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Impairment Amount |  |  | Net Carrying Amount |
|  | Year |  |  | (RMB in millions) |
Non-compete |  |  | 8.0 |  |  |  | 2,467 |  |  |  | (2,467 | ) |  |  | — |  |  |  | — |
Domain names and trademarks |  |  | 17.8 |  |  |  | 6,715 |  |  |  | (2,185 | ) |  |  | (815 | ) |  |  | 3,715 |
Customer relationship |  |  | 8.7 |  |  |  | 5,157 |  |  |  | (1,416 | ) |  |  | (112 | ) |  |  | 3,629 |
Technology and others |  |  | 5.4 |  |  |  | 2,905 |  |  |  | (1,790 | ) |  |  | (666 | ) |  |  | 449 |
Total |  |  | 11.6 |  |  |  | 17,244 |  |  |  | (7,858 | ) |  |  | (1,593 | ) |  |  | 7,793 |
Amortization expenses for intangible assets were RMB1,248 million, RMB1,304 million and RMB987 million for the years ended December 31, 2022, 2023 and 2024, respectively. No impairment loss was recorded for the year ended December 31, 2022. For the years ended December 31, 2023 and 2024, the Group recorded impairment losses of RMB902 million and RMB535 million for the intangible assets mainly identified from the acquisition of Dada and other offline business es , respectively. As of December 31, 2024, amortization expenses related to the intangible assets for future periods are estimated to be as follows:
|  | For the year ended December 31, |
|  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | 2030 and thereafter |
|  | (RMB in millions) |
Amortization expenses |  |  | 1,028 |  |  |  | 1,017 |  |  |  | 1,000 |  |  |  | 852 |  |  |  | 742 |  |  |  | 3,154 |

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