Property and equipment, net

12 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

15.

Property and equipment, net


	As of March 31,
	2025			2026
	RMB			RMB
	(in millions)
Building, property improvements and other property		104,600			121,396
Computer equipment and software		157,252			238,760
Construction in progress		54,849			55,637
Furniture, office and transportation equipment and others		15,064			17,729
		331,765			433,522
Less: accumulated depreciation and impairment		(128,417	)		(150,823	)
Net book value		203,348			282,699

Depreciation expenses recognized for the years ended March 31, 2024, 2025 and 2026 were RMB23,344 million, RMB24,515 million and RMB34,963 million, respectively.