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Goodwill
 12 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
17.
Goodwill

Changes in the carrying amount of goodwill by segment for the years ended March 31, 2024 and 2025 were as follows:

 

 

 

 

 

Alibaba

 

 

 

 

 

Cainiao

 

 

 

 

 

Hujing

 

 

 

 

 

 

 

 

 

 

 

 

Taobao

 

 

International

 

 

 

 

 

Smart

 

 

 

 

 

Digital

 

 

 

 

 

 

 

 

 

 

 

and

 

 

Digital

 

 

Cloud

 

 

Logistics

 

 

Local

 

 

Media and

 

 

Innovation

 

 

 

 

 

 

 

 

Tmall

 

 

Commerce

 

 

Intelligence

 

 

Network

 

 

Services

 

 

Entertainment

 

 

Initiatives

 

 

 

 

 

 

 

 

Group

 

 

Group

 

 

Group

 

 

Limited

 

 

Group

 

 

Group

 

 

and others

 

 

All others

 

 

Total

 

 

(in millions of RMB)

 

Balance as of
   March 31, 2023

 

 

174,956

 

 

 

18,151

 

 

 

3,490

 

 

 

16,437

 

 

 

20,292

 

 

 

30,825

 

 

 

3,940

 

 

 

—

 

 

 

268,091

 

Transfer due to segment
   changes

 

 

(9,937

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(10,734

)

 

 

(3,940

)

 

 

24,611

 

 

 

—

 

Additions

 

 

33

 

 

 

1,470

 

 

 

124

 

 

 

—

 

 

 

155

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,782

 

Deconsolidations

 

 

(107

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(7

)

 

 

(114

)

Impairment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(8,490

)

 

 

—

 

 

 

(2,031

)

 

 

(10,521

)

Foreign currency
   translation adjustments

 

 

—

 

 

 

412

 

 

 

24

 

 

 

5

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

441

 

Balance as of
   March 31, 2024

 

 

164,945

 

 

 

20,033

 

 

 

3,638

 

 

 

16,442

 

 

 

20,447

 

 

 

11,601

 

 

 

—

 

 

 

22,573

 

 

 

259,679

 

Additions

 

 

—

 

 

 

—

 

 

 

84

 

 

 

3,942

 

 

 

—

 

 

 

726

 

 

 

—

 

 

 

147

 

 

 

4,899

 

Deconsolidations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,957

)

 

 

(2,957

)

Impairment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(4,296

)

 

 

—

 

 

 

(1,875

)

 

 

(6,171

)

Foreign currency
   translation adjustments

 

 

—

 

 

 

44

 

 

 

6

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

51

 

Balance as of
   March 31, 2025

 

 

164,945

 

 

 

20,077

 

 

 

3,728

 

 

 

20,385

 

 

 

20,447

 

 

 

8,031

 

 

 

—

 

 

 

17,888

 

 

 

255,501

 

 

Gross goodwill balances were RMB302,534 million and RMB302,194 million as of March 31, 2024 and 2025, respectively. Accumulated impairment losses were RMB42,855 million and RMB46,693 million as of March 31, 2024 and 2025, respectively.

In the annual goodwill impairment assessment, the Company concluded that the carrying amounts of certain reporting units exceeded their respective fair values and recorded impairment losses of RMB2,714 million, RMB10,521 million and RMB6,171 million during the years ended March 31, 2023, 2024 and 2025, respectively.

 

During the year ended March 31, 2024, considered the changes in market conditions, the Company performed a quantitative impairment test on one reporting unit under Hujing Digital Media and Entertainment Group, and recognized an impairment charge of RMB8,490 million. The fair value of this reporting unit was determined based on the discounted cash flow analysis using the assumptions including the future growth rates and the weighted average cost of capital. No further impairment charge was recognized relating to this reporting unit during the year ended March 31, 2025.

 

 

17.
Goodwill (Continued)

 

During the year ended March 31, 2025, considered the changes in market conditions, the Company performed a quantitative impairment test on another reporting unit under Hujing Digital Media and Entertainment Group and recognized an impairment charge of RMB4,296 million. The fair value of this reporting unit was determined based on its market capitalization.

 

 

The goodwill impairment is not allocated to segments because the CODM of the Company does not consider this as part of the segment operating performance measure (Note 28).