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Revenue
12 Months Ended
Mar. 31, 2019
Revenue [Abstract]  
Revenue

5.Revenue

Revenue by segment is as follows:

 

 

 

 

 

 

 

 

 

 

Year ended March 31,

 

    

2017 (i)

    

2018 (i)

    

2019

 

 

(in millions of RMB)

Core commerce:

 

 

 

 

 

 

China commerce retail (ii)

 

 

 

 

 

 

- Customer management

 

77,530

 

114,285

 

145,684

- Commission

 

34,066

 

46,525

 

61,847

- Others

 

2,513

 

15,749

 

40,084

 

 

114,109

 

176,559

 

247,615

China commerce wholesale (iii)

 

5,679

 

7,164

 

9,988

International commerce retail (iv)

 

7,336

 

14,216

 

19,558

International commerce wholesale (v)

 

6,001

 

6,625

 

8,167

Cainiao logistics services (vi)

 

 —

 

6,759

 

14,885

Local consumer services (vii)

 

 —

 

 —

 

18,058

Others

 

755

 

2,697

 

5,129

Total core commerce

 

133,880

 

214,020

 

323,400

Cloud computing (viii)

 

6,663

 

13,390

 

24,702

Digital media and entertainment (ix)

 

14,733

 

19,564

 

24,077

Innovation initiatives and others (x)

 

2,997

 

3,292

 

4,665

Total

 

158,273

 

250,266

 

376,844

 

(i)

Prior period amounts have not been adjusted due to the adoption of ASC 606 under the modified retrospective method (Note 2(g)).

(ii)

Revenue from China commerce retail is primarily generated from the Company’s China retail marketplaces and includes revenue from customer management, commissions and sales of goods.

(iii)

Revenue from China commerce wholesale is primarily generated from 1688.com and includes revenue from membership fees and customer management.

(iv)

Revenue from international commerce retail is primarily generated from Lazada (Note 4(i)) and AliExpress and includes revenue from sales of goods, commissions, logistics services and customer management.

(v)

Revenue from international commerce wholesale is primarily generated from Alibaba.com and includes membership fees and revenue from customer management.

(vi)

Revenue from Cainiao logistics services represents revenue from the domestic and cross-border fulfillment services provided by Cainiao Network (Note 4(f)).

(vii)

Revenue from local consumer services primarily represents revenue from the provision of delivery services and other services provided by Ele.me (Note 4(c)).

(viii)

Revenue from cloud computing is primarily generated from the provision of services, such as elastic computing, database, storage, network virtualization services, large scale computing, security, management and application services, big data analytics, and machine learning platform and IoT services.

(ix)

Revenue from digital media and entertainment is primarily generated from Youku (Note 4(h)) and UCWeb and includes revenue from customer management and membership fees.

(x)

Revenue from innovation initiatives and others is primarily generated from businesses such as Amap and other innovation initiatives. Other revenue also includes the SME Annual Fee received from Ant Financial and its affiliates (Note 4(a)).

Revenue by type is as follows:

 

 

 

 

 

 

 

 

 

Year ended March 31,

 

    

2017 (i)

    

2018 (i)

    

2019

 

 

(in millions of RMB)

Customer management services

 

 

 

 

 

 

P4P and display marketing

 

83,581

 

119,822

 

151,654

Other customer management services

 

5,706

 

9,076

 

13,962

Total customer management services

 

89,287

 

128,898

 

165,616

Commission

 

37,848

 

52,411

 

81,086

Membership fees

 

10,638

 

13,823

 

19,139

Logistics services

 

 —

 

6,759

 

23,397

Cloud computing services

 

6,663

 

13,390

 

24,702

Sales of goods

 

3,889

 

18,719

 

46,942

Other revenue (ii)

 

9,948

 

16,266

 

15,962

Total

 

158,273

 

250,266

 

376,844

 

(i)

Prior period amounts have not been adjusted due to the adoption of ASC 606 under the modified retrospective method (Note 2(g)).

(ii)

Other revenue includes other value‑added services provided through various platforms and the SME Annual Fee received from Ant Financial and its affiliates (Note 4(a)).

The amount of revenue recognized for performance obligations satisfied (or partially satisfied) in prior periods for contracts with expected duration of more than one year during the year ended March 31, 2019 was not material. As permitted under the transitional provision in ASC 606, the amount of revenue recognized for performance obligations satisfied (or partially satisfied) as of March 31, 2018 is not disclosed.