Long-Term Time Deposits and Held-to-Maturiity Investments

12 Months Ended

Dec. 31, 2022

Schedule of Investments [Abstract]

Long-Term Time Deposits and Held-to-Maturiity Investments

5.   LONG-TERM TIME DEPOSITS AND HELD-TO-MATURIITY INVESTMENTS

Long-term time deposits and held-to-maturity securities were mainly deposits in commercial banks with maturities of greater than one year and wealth management products issued by commercial banks and other financial institutions for which the Group has the positive intent and ability to hold those securities to maturity with maturities of greater than one year.

During the years ended December 31, 2020, 2021 and 2022, the Group recorded interest income from its long-term held-to-maturity investments of RMB118 million, RMB326 million and RMB585 million (US$85 million) in the consolidated statements of comprehensive income, respectively.

Long-term time deposits and held-to-maturity investments classification as of December 31, 2021 and 2022 were shown as below:

	As of December 31, 2021
	Cost or Amortized cost		Gross unrecognized holding gains		Gross unrecognized holding losses		Fair value
	RMB		RMB		RMB		RMB
	(In millions)
Long-term time deposits and held-to-maturity investments		7,914		100		—		8,014

	As of December 31, 2022
	Cost or Amortized cost		Gross unrecognized holding gains		Gross unrecognized holding losses			Fair value
	RMB		RMB		RMB			RMB		US$
	(In millions)
Long-term time deposits and held-to-maturity investments		23,629		170		(111	)		23,688		3,434

The following table summarizes the amortized cost of long-term time deposits and held-to-maturity investments with stated contractual dates, classified by the contractual maturity date of the investments: 

	As of December 31,
	2021		2022		2022
	RMB		RMB		US$
	(In millions)
Due in 1 year		—		—		—
Due in 1 year through 2 years		7,914		11,089		1,608
Due in 2 year through 3 years		—		12,240		1,775
Due in 3 year through 5 years		—		300		43
Total		7,914		23,629		3,426