Accrued expenses, accounts payable and other liabilities

12 Months Ended

Mar. 31, 2024

Accounts Payable and Accrued Liabilities [Abstract]

Accrued expenses, accounts payable and other liabilities

19.Accrued expenses, accounts payable and other liabilities

	As of March 31,
	2023		2024
	RMB		RMB
	(in millions)
Current:
Payables and accruals for cost of revenue and sales and marketing expenses		103,369		118,057
Other deposits and advances received (i)		54,964		54,508
Payable to merchants and third party marketing affiliates		31,425		32,989
Accrued bonus and staff costs, including sales commission		29,000		29,631
Payables and accruals for purchases of property and equipment		15,625		19,840
Amounts due to related companies (ii)		10,383		9,503
Other taxes payable (iii)		6,997		7,934
Operating lease liabilities (Note 6)		5,667		5,871
Contingent and deferred consideration in relation to investments and    acquisitions		901		1,094
Escrow money payable		107		79
Others		17,512		18,377
		275,950		297,883
Non-current:
Operating lease liabilities (Note 6)		28,548		28,967
Contingent and deferred consideration in relation to investments and    acquisitions		1,058		1,473
Others		773		1,427
		30,379		31,867

(i)Other deposits and advances received as of March 31, 2023 and 2024 include buyer protection fund deposits received from merchants on the Company’s marketplaces (Note 10).

(ii)Amounts due to related companies primarily represent balances arising from the transactions with Ant Group (Note 22). The balances are unsecured, interest free and repayable within the next twelve months.

(iii)Other taxes payable primarily represent VAT and PRC individual income tax of employees withheld by the Company.

19.Accrued expenses, accounts payable and other liabilities (Continued)

The Company enters into agreements with several financial institutions and offer supplier finance program to the Company’s suppliers. Suppliers can sell one or more of the Company’s payment obligations at their sole discretion to the financial institutions to receive funds prior to the scheduled due dates to meet their cash flow needs. The Company’s rights and obligations are not impacted and the original payment terms, timing or amount, remain unchanged. The Company did not provide assets pledged as security or other forms of guarantees under the supplier finance program. As of March 31, 2023 and 2024, the outstanding payment obligations under the supplier finance program were RMB1,962 million and RMB2,302 million, respectively, and are recorded within accrued expenses, accounts payable and other liabilities on the consolidated balance sheets.