Deferred Revenue

12 Months Ended

Dec. 31, 2023

Disclosure Of Deferred Revenue [Abstract]

Deferred revenue

27.Deferred revenue

	As at December 31,
	2022		2023
	RMB’million		RMB’million
Non-current		106		148
Current		2,170		2,854
		2,276		3,002

Deferred revenue mainly represents contract liabilities in relation to the service fees prepaid by customers for membership subscriptions, time-based virtual gifts, content sublicensing and digital music albums or single songs, for which the related services had not been rendered as at December 31, 2022 and 2023.

Revenue recognized for the years ended December 31, 2021, 2022 and 2023 related to carried-forward contract liabilities amounted to RMB1,608 million, RMB1,834 million and RMB2,170 million, respectively.

The transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied, has not been disclosed, as substantially all of the Group’s contracts have a duration of one year or less.