Financial Assets at Fair Value

12 Months Ended

Dec. 31, 2023

Disclosure of financial assets [abstract]

Financial Assets at Fair Value

18.Financial assets at fair value

(a)Financial assets at fair value through other comprehensive income

As at December 31, 2022 and 2023, the Group’s financial assets at fair value through other comprehensive income mainly represented its listed equity investment in Spotify Technology S.A. (“Spotify”) and Warner Music Group Corp (“WMG”).

Movement of financial assets at fair value through other comprehensive income is analyzed as follows:

	Year ended December 31,
	2022			2023
	RMB’million			RMB’million
Listed equity investments
At January 1		7,302			3,168
Fair value change		(4,517	)		3,270
Currency translation differences		383			102
At December 31		3,168			6,540

(b)Other investments

Other investments represent financial assets at fair value through profit or loss. Movement of other investments is analyzed as follows:

	Year ended December 31,
	2022			2023
	RMB’million			RMB’million
At January 1		236			341
Additions		160			10
Disposal		(74	)		(11	)
Currency translation differences		19			4
At December 31		341			344
Of which are:
Current		37			37
Non-current		304			307
		341			344