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Restricted cash and escrow receivables (Tables)
12 Months Ended
Mar. 31, 2023
Restricted Cash and Investments [Abstract]  
Schedule of restricted cash and escrow receivables

 

As of March 31,

 

 

2022

 

 

2023

 

 

RMB

 

 

RMB

 

 

 

(in millions)

 

Buyer protection fund deposits from merchants on the marketplaces (i)

 

 

35,268

 

 

 

32,962

 

Others

 

 

2,187

 

 

 

3,462

 

 

 

37,455

 

 

 

36,424

 

 

(i)
The amount represents buyer protection fund deposits received from merchants on the Company’s marketplaces, which are restricted for the purpose of compensating buyers for claims against merchants. A corresponding liability is recorded in other deposits and advances received under accrued expenses, accounts payable and other liabilities (Note 19) on the consolidated balance sheets.