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

12 Months Ended

Mar. 31, 2018

Cainiao Network

Acquisition

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

	Amounts
	(in millions of RMB)
Net assets acquired (i)		23,937
Amortizable intangible assets (ii)
User base and customer relationships		9,344
Trade names, trademarks and domain names		4,965
Developed technology and patents		459
Goodwill		32,418
Deferred tax assets		920
Deferred tax liabilities		(5,197	)
Noncontrolling interests (iii)		(33,189	)
Total		33,657

	Amounts
	(in millions of RMB)
Total purchase price is comprised of:
- cash consideration		5,322
- fair value of previously held equity interests		28,335
Total		33,657

(i)	Net assets acquired primarily include the cash consideration of RMB5,322 million, property and equipment of RMB15,144 million and bank borrowings of RMB5,288 million as of the date of acquisition.
(ii)	Acquired amortizable intangible assets have estimated amortization periods not exceeding 16 years and a weighted-average amortization period of 14.3 years.
(iii)	Fair value of the noncontrolling interests is estimated with reference to the purchase price per share as of the acquisition date.

Intime

Acquisition

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

	Amounts
	(in millions of RMB)
Net assets acquired (i)		20,920
Amortizable intangible assets (ii)
Trade names, trademarks and domain names		1,131
User base and customer relationships		72
Developed technology and patents		16
Goodwill		4,757
Deferred tax liabilities		(2,790	)
Noncontrolling interests (iii)		(6,301	)
Total		17,805

	Amounts
	(in millions of RMB)
Total purchase price is comprised of:
- cash consideration		11,131
- fair value of previously held equity interests		6,674
Total		17,805

(i)	Net assets acquired primarily include property and equipment of RMB23,492 million and bank borrowings of RMB4,110 million as of the date of acquisition.
(ii)	Acquired amortizable intangible assets have estimated amortization periods not exceeding eleven years and a weighted-average amortization period of 10.1 years.
(iii)	Fair value of the noncontrolling interests is estimated with reference to the purchase price of HK$10.00 per share in the privatization.

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 is 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 acquired 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 with reference to the market price per ordinary share 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
Others		15
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

Acquisition

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

	Amounts
	(in millions of RMB)
Net assets acquired (i)		5,923
Amortizable intangible assets (ii)
Trade names, trademarks and domain names		4,047
User base and customer relationships		284
Developed technology and patents		143
Others		175
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 is 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 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 with reference to the purchase price per share 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 is comprised of:
- fair value of previously held equity interests		19,264
- fair value of noncontrolling interests (ii)		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.
(ii)	Fair value of the noncontrolling interests is estimated with reference to the market price per share as of the deemed acquisition date.

Other acquisitions, summarized

Acquisition

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

	Year ended March 31,
	2016			2017			2018
	(in millions of RMB)
Net assets (liabilities)		350			(223	)		(58	)
Identifiable intangible assets		876			593			411
Deferred tax liabilities		(198	)		(36	)		(60	)
		1,028			334			293
Noncontrolling interests and mezzanine equity		(10	)		(110	)		(77	)
Net identifiable assets acquired		1,018			224			216
Goodwill		1,403			793			618
Total purchase consideration		2,421			1,017			834
Fair value of previously held equity interests		—			(51	)		(133	)
Purchase consideration settled		(2,360	)		(771	)		(575	)
Contingent/deferred consideration as of year end		61			195			126
Total purchase consideration is comprised of:
- cash consideration		2,421			966			701
- fair value of previously held equity interests		—			51			133
Total		2,421			1,017			834