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Land use rights, net | 12 Months Ended
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Dec. 31, 2024
Land use rights, net |
Land use rights, net |
10. | Land use rights, net
Land use rights, net consist of the following:
|  | As of December 31, |
|  | 2023 |  |  | 2024 |
|  | (RMB in millions) |
Land use rights |  |  | 42,219 |  |  |  | 40,650 |
Less: accumulated amortization and impairment |  |  | (2,656 | ) |  |  | (3,817 | )
Net carrying amount |  |  | 39,563 |  |  |  | 36,833 |
Amortization expenses for land use rights were RMB693 million, RMB900 million and RMB959 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 loss es of RMB210 million and RMB448 million , respectively . As of December 31, 2024, amortization expenses related to the land use rights 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 |  |  | 901 |  |  |  | 901 |  |  |  | 901 |  |  |  | 901 |  |  |  | 901 |  |  |  | 32,328 |

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