Accrued expenses, accounts payable and other liabilities

12 Months Ended

Mar. 31, 2025

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,
	2024		2025
	RMB		RMB
	(in millions)
Current:
Payables and accruals for cost of revenue and sales and marketing expenses (i)		118,057		110,887
Other deposits and advances received (ii)		54,508		53,793
Payable to merchants and third party marketing affiliates		32,989		44,845
Accrued bonus and staff costs, including sales commission		29,631		31,705
Payables and accruals for purchases of property and equipment		19,840		34,312
Amounts due to related companies (iii)		9,503		8,130
Other taxes payable (iv)		7,934		7,641
Operating lease liabilities (Note 6)		5,871		3,944
Contingent and deferred consideration in relation to investments and    acquisitions		1,094		8,590
Others		18,456		28,690
		297,883		332,537
Non-current:
Operating lease liabilities (Note 6)		28,967		13,463
Contingent and deferred consideration in relation to investments and    acquisitions		1,473		1,370
Others		1,427		2,811
		31,867		17,644

(i)Payables and accruals for cost of revenue and sales and marketing expenses include payables which are collateralized by a pledge of certain short-term investments and other treasury investments with carrying values of nil and RMB3,697 million as of March 31, 2024 and 2025, respectively.

(ii)Other deposits and advances received as of March 31, 2024 and 2025 include buyer protection fund deposits received from merchants on the Company’s marketplaces (Note 10).

(iii)Amounts due to related companies primarily represent balances arising from the transactions with Ant Group (Note 24). The balances are unsecured, interest free and repayable within the next twelve months.

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