Significant equity transactions, restructuring transactions, mergers and acquisitions and equity investments (Tables)

12 Months Ended

Mar. 31, 2017

Damai

Acquisition

Schedule of the allocation of the purchase price as of the date of acquisition

	Amounts
	(in millions of RMB)
Net assets acquired		100
Amortizable intangible assets (i)
Trade names, trademarks and domain names		684
Non-compete agreements		271
Developed technology and patents		267
Goodwill		2,693
Deferred tax assets		16
Deferred tax liabilities		(202	)
Total		3,829

	Amounts
	(in millions of RMB)
Total purchase price comprised of:
- cash consideration		2,711
- fair value of previously held equity interests		1,118
Total		3,829

(i)           Acquired amortizable intangible assets have estimated amortization periods not exceeding ten years and a weighted-average amortization period of 7.4 years.

AGTech

Acquisition

Schedule of the allocation of the purchase price as of the date of acquisition

	Amounts
	(in millions of RMB)
Net assets acquired (i)		1,638
Amortizable intangible assets (ii)
Developed technology and patents		414
Trade names, trademarks and domain names		44
Non-compete agreements		38
Others		33
Goodwill		7,782
Deferred tax assets		4
Deferred tax liabilities		(86	)
Noncontrolling interests (iii)		(8,255	)
Total		1,612

(i)	Net assets include the cash consideration of RMB1,612 million.
(ii)	Acquired amortizable intangible assets have estimated amortization periods and a weighted-average amortization period of 3.0 years.
(iii)	Fair value of the noncontrolling interests is estimated based on the market price of the ordinary shares of AGTech as of the acquisition date.

SCMP and other media businesses

Acquisition

Schedule of the allocation of the purchase price as of the date of acquisition

	Amounts
	(in millions of RMB)
Net assets acquired		800
Amortizable intangible assets (i)
Trade names, trademarks and domain names		378
User base and customer relationships		166
Licenses and copyrights		5
Others		10
Goodwill		529
Deferred tax assets		1
Deferred tax liabilities		(109	)
Total		1,780

(i)           Acquired amortizable intangible assets have estimated amortization periods and a weighted-average amortization period of 3.0 years.

Youku Tudou

Acquisition

Schedule of the allocation of the purchase price as of the date of acquisition

	Amounts
	(in millions of RMB)
Net assets acquired (i)		5,836
Amortizable intangible assets (ii)
Trade names, trademarks and domain names		4,047
User base and customer relationships		284
Developed technology and patents		143
Others		262
Goodwill		26,395
Deferred tax assets		73
Deferred tax liabilities		(1,167	)
Noncontrolling interests (iii)		(773	)
Total		35,100

	Amounts
	(in millions of RMB)
Total purchase price comprised of:
- cash consideration		28,724
- fair value of previously held equity interests		6,376
Total		35,100

(i)	Net assets acquired primarily include cash and cash equivalents and short-term interest-bearing deposits with total balance of RMB5,857 million and licensed copyrights of video content of RMB703 million as of the date of acquisition.
(ii)	Acquired amortizable intangible assets have estimated amortization periods not exceeding 20 years and a weighted-average amortization period of 17.4 years.
(iii)	Fair value of the noncontrolling interests is estimated with reference to the purchase price of US$27.60 per ADS in the step acquisition.

Lazada

Acquisition

Schedule of the allocation of the purchase price as of the date of acquisition

	Amounts
	(in millions of RMB)
Net assets acquired		2,874
Amortizable intangible assets (i)
User base and customer relationships		2,014
Non-compete agreements		959
Trade names, trademarks and domain names		292
Developed technology and patents		79
Goodwill		5,216
Deferred tax assets		616
Deferred tax liabilities		(1,027	)
Noncontrolling interests (ii)		(4,416	)
Total		6,607

(i)	Acquired amortizable intangible assets have estimated amortization periods not exceeding three years and a weighted-average amortization period of 2.5 years.
(ii)	Fair value of the noncontrolling interests is estimated based on the purchase price per issued share of Lazada as of the acquisition date. The noncontrolling interests is classified as mezzanine equity due to certain put and call arrangements with other Lazada shareholders.

Alibaba Health

Acquisition

Schedule of the allocation of the purchase price as of the date of acquisition

	Amounts
	(in millions of RMB)
Net assets acquired		1,290
Amortizable intangible assets (i)
Developed technology and patents		70
Trade names, trademarks and domain names		35
User base and customer relationships		8
Goodwill		49,320
Deferred tax assets		19
Deferred tax liabilities		(19	)
Total		50,723
The equity value comprised of:
- fair value of previously held equity interests		19,264
- fair value of noncontrolling interests		31,459
Total		50,723

(i)           Acquired amortizable intangible assets have estimated amortization periods not exceeding three years and a weighted-average amortization period of 2.6 years.

AutoNavi

Acquisition

Schedule of the allocation of the purchase price as of the date of acquisition

	Amounts
	(in millions of RMB)
Net assets acquired		2,236
Amortizable intangible assets (i)
Developed technology and patents		1,387
User base and customer relationships		255
Trade names, trademarks and domain names		249
Goodwill		4,380
Deferred tax assets		72
Deferred tax liabilities		(284	)
Total		8,295

	Amounts
	(in millions of RMB)
Total purchase price comprised of:
- cash consideration		6,348
- fair value of previously held equity interests		1,947
Total		8,295

(i)           Acquired amortizable intangible assets have estimated amortization periods not exceeding four years and a weighted-average amortization period of 3.0 years.

Alibaba Pictures

Acquisition

Schedule of the allocation of the purchase price as of the date of acquisition

	Amounts
	(in millions of RMB)
Net assets acquired (i)		5,899
Amortizable intangible assets (ii)
Trade names, trademarks and domain names		95
User base and customer relationships		4
Others		38
Goodwill		9,759
Deferred tax assets		13
Deferred tax liabilities		(17	)
Noncontrolling interests (iii)		(10,836	)
Total		4,955

(i)	Net assets include the cash consideration of RMB4,955 million.
(ii)	Acquired amortizable intangible assets have estimated amortization periods not exceeding three years and a weighted-average amortization period of 2.5 years.
(iii)	Fair value of the noncontrolling interests is estimated based on the market price of the ordinary shares of Alibaba Pictures as of the acquisition date.

UCWeb

Acquisition

Schedule of the allocation of the purchase price as of the date of acquisition

	Amounts
	(in millions of RMB)
Net assets acquired (i)		1,159
Amortizable intangible assets (ii)
Non-compete agreements		1,823
Trade names, trademarks and domain names		591
Developed technology and patents		561
User base and customer relationships		106
Goodwill		10,376
Deferred tax liabilities		(21	)
Total		14,595
Total purchase price comprised of:
- cash consideration		2,826
- share-based consideration		3,782
- fair value of previously held equity interests		7,987
Total		14,595

(i)	Net assets acquired included noncontrolling interests of RMB220 million that is classified as mezzanine equity.
(ii)	Acquired amortizable intangible assets have estimated amortization periods not exceeding four years and a weighted-average amortization period of 3.4 years.

One Touch

Acquisition

Schedule of the allocation of the purchase price as of the date of acquisition

	Amounts
	(in millions of RMB)
Net assets acquired		105
Amortizable intangible assets (i)
Non-compete agreements		703
Trade names, trademarks and domain names		196
User base and customer relationships		25
Developed technology and patents		4
Goodwill		3,998
Deferred tax liabilities		(232	)
Total		4,799
Total purchase price comprised of:
- cash consideration		790
- contingent cash consideration		1,094
- fair value of previously held equity interests		2,915
Total		4,799

(i)           Acquired amortizable intangible assets have estimated amortization periods not exceeding five years and a weighted-average amortization period of 4.5 years.

Other acquisitions, summarized

Acquisition

Schedule of the allocation of the purchase price as of the date of acquisition

	Year ended March 31,
	2015			2016			2017
	(in millions of RMB)
Net assets		266			350			(223	)
Identifiable intangible assets		421			876			593
Deferred tax assets		5			—			—
Deferred tax liabilities		(95	)		(198	)		(36	)
		597			1,028			334
Noncontrolling interests		(269	)		(10	)		(110	)
Net identifiable assets acquired		328			1,018			224
Goodwill		1,806			1,403			793
Total purchase consideration		2,134			2,421			1,017
Fair value of previously held equity interests		(107	)		—			(51	)
Purchase consideration settled		(1,927	)		(2,360	)		(771	)
Contingent/deferred consideration as of year end		100			61			195
Total purchase consideration comprised of:
- cash consideration		2,027			2,421			966
- fair value of previously held equity interests		107			—			51
Total		2,134			2,421			1,017