Other income, net

12 Months Ended

Mar. 31, 2017

Other income, net

Other income, net

6.     Other income, net

	Year ended March 31,
	2015			2016			2017
	(in millions of RMB)
Royalty fee and software technology services fee charged to Ant Financial Services and Alipay (Note 22)		1,667			1,122			2,086
Government grants (i)		327			401			451
Amortization of the excess value in relation to the restructuring of Payment Services (Note 4(b))		(166	)		(264	)		(264	)
Exchange differences		1			(563	)		2,328
Others		657			1,362			1,485
Total		2,486			2,058			6,086

(i)           Governqment grants mainly represent amounts received from central and local governments in connection with the Company's investments in local business districts and contributions to technology development.