Related party transactions (Tables)

12 Months Ended

Mar. 31, 2023

Transactions with Ant Group and its affiliates


	Year ended March 31,
	2021		2022		2023
	RMB		RMB		RMB
	(in millions)
Amounts earned by the Company
Cloud services revenue (i)		3,916		5,536		8,409
Administrative and support services (i)		1,208		1,165		565
Annual fee for SME loan business (ii)		954		708		—
Marketplace software technology services fee and other amounts earned (i)		2,427		2,358		2,831
		8,505		9,767		11,805

Amounts incurred by the Company
Payment processing and escrow services fee (iii)		10,598		11,824		12,484
Other amounts incurred (i)		4,509		3,542		2,271
		15,107		15,366		14,755

(i)

The Company has other commercial arrangements and cost sharing arrangements with Ant Group and its affiliates on various sales and marketing, cloud, and other administrative and support services.

(ii)

Pursuant to the SAPA, the Company entered into software system use and service agreements with Ant Group in 2014, under which the Company would receive annual fees for SME loan business for a term of seven years. In calendar years 2018 to 2021, the Company received or will receive annual fees equal to the amount received in calendar year 2017, which was equal to 2.5% of the average daily balance of the SME loans made by Ant Group and its affiliates during that year. The annual fee payment by Ant Group in relation to SME loan business was terminated in December 2021.

(iii)

The Company has a commercial agreement with Alipay whereby the Company receives payment processing and escrow services in exchange for a payment for the services fee, which was recognized in cost of revenue.