Fair value measurement (Tables)

12 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Table of assets and liabilities that are measured at fair value on a recurring basis and categorized using the fair value hierarchy

The following table summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis and are categorized under the fair value hierarchy:

	As of March 31, 2023
	Level 1		Level 2		Level 3		Total
	RMB		RMB		RMB		RMB
	(in millions)
Assets
Time deposits and certificate of deposits (i)		—		332,971		—		332,971
Wealth management products (i)		—		34,257		—		34,257
Restricted cash and escrow receivables		36,424		—		—		36,424
Listed equity securities (ii)		107,751		—		—		107,751
Convertible and exchangeable bonds (ii)		—		775		6,392		7,167
Option agreements (iii)		—		646		290		936
Others (v)		162		1,762		6,142		8,066
		144,337		370,411		12,824		527,572
Liabilities
Contingent consideration in relation to    investments and acquisitions (iv)		—		—		537		537
Others (iv)		—		182		132		314
		—		182		669		851

12.Fair value measurement (Continued)

	As of March 31, 2024
	Level 1		Level 2		Level 3		Total
	RMB		RMB		RMB		RMB
	(in millions)
Assets
Time deposits and certificate of deposits (i)		—		339,730		—		339,730
Wealth management products (i)		—		20,784		—		20,784
Marketable debt securities (i)		—		8,591		—		8,591
Restricted cash and escrow receivables		38,299		—		—		38,299
Listed equity securities (ii)		67,181		—		—		67,181
Convertible and exchangeable bonds (ii)		—		147		3,197		3,344
Option agreements (iii)		—		90		165		255
Others (v)		—		2,255		5,593		7,848
		105,480		371,597		8,955		486,032
Liabilities
Contingent consideration in relation to    investments and acquisitions (iv)		—		—		713		713
Others (iv)		—		24		801		825
		—		24		1,514		1,538

(i)Included in short-term investments and equity securities and other investments on the consolidated balance sheets.

(ii)Included in equity securities and other investments on the consolidated balance sheets.

(iii)Included in prepayments, receivables and other assets on the consolidated balance sheets.

(iv)Included in accrued expenses, accounts payable and other liabilities on the consolidated balance sheets.

(v)Others primarily represent other investments with underlying assets measured at fair value.

Schedule of rolling forward of convertible bonds categorized within Level 3 under the fair value hierarchy

	Amounts
	RMB
	(in millions)
Balance as of March 31, 2022		7,272
Additions		785
Net decrease in fair value		(373	)
Disposal		(35	)
Conversion		(1,492	)
Foreign currency translation adjustments		235
Balance as of March 31, 2023		6,392
Additions		730
Net decrease in fair value		(1,243	)
Disposal		(2,645	)
Conversion		(107	)
Foreign currency translation adjustments		70
Balance as of March 31, 2024		3,197

12.Fair value measurement (Continued)

Schedule of rolling forward of contingent consideration in relation to investments and acquisitions categorized within Level 3 under the fair value hierarchy

	Amounts
	RMB
	(in millions)
Balance as of March 31, 2022		829
Additions		178
Net decrease in fair value		(34	)
Payment		(445	)
Foreign currency translation adjustments		9
Balance as of March 31, 2023		537
Additions		226
Net increase in fair value		7
Payment		(71	)
Foreign currency translation adjustments		14
Balance as of March 31, 2024		713