v3.26.1
Goodwill
 12 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
17.
Goodwill

Changes in the carrying amount of goodwill by segment for the years ended March 31, 2025 and 2026 were as follows:

 

 

 

 

 

Alibaba

 

 

 

 

 

Cainiao

 

 

 

 

 

Hujing

 

 

 

 

 

 

 

 

 

Alibaba

 

 

International

 

 

 

 

 

Smart

 

 

 

 

 

Digital

 

 

 

 

 

 

 

 

China

 

 

Digital

 

 

Cloud

 

 

Logistics

 

 

Local

 

 

Media and

 

 

 

 

 

 

 

 

E-commerce

 

 

Commerce

 

 

Intelligence

 

 

Network

 

 

Services

 

 

Entertainment

 

 

 

 

 

 

 

 

Group

 

 

Group

 

 

Group

 

 

Limited

 

 

Group

 

 

Group

 

 

All others

 

 

Total

 

 

(in millions of RMB)

 

Balance as of
   March 31, 2024

 

 

164,945

 

 

 

20,033

 

 

 

3,638

 

 

 

16,442

 

 

 

20,447

 

 

 

11,601

 

 

 

22,573

 

 

 

259,679

 

Additions

 

 

—

 

 

 

—

 

 

 

84

 

 

 

3,942

 

 

 

—

 

 

 

726

 

 

 

147

 

 

 

4,899

 

Deconsolidations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,957

)

 

 

(2,957

)

Impairment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(4,296

)

 

 

(1,875

)

 

 

(6,171

)

Foreign currency
   translation adjustments

 

 

—

 

 

 

44

 

 

 

6

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

51

 

Balance as of
   March 31, 2025

 

 

164,945

 

 

 

20,077

 

 

 

3,728

 

 

 

20,385

 

 

 

20,447

 

 

 

8,031

 

 

 

17,888

 

 

 

255,501

 

Segment changes

 

 

12,948

 

 

 

—

 

 

 

—

 

 

 

(20,385

)

 

 

(20,447

)

 

 

(8,031

)

 

 

35,915

 

 

 

—

 

Additions

 

 

—

 

 

 

4

 

 

 

1,342

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

951

 

 

 

2,297

 

Deconsolidations

 

 

—

 

 

 

(319

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(227

)

 

 

(546

)

Impairment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(9,515

)

 

 

(9,515

)

Foreign currency
   translation adjustments

 

 

—

 

 

 

(366

)

 

 

8

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1

)

 

 

(359

)

Balance as of
   March 31, 2026

 

 

177,893

 

 

 

19,396

 

 

 

5,078

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

45,011

 

 

 

247,378

 

Starting from the quarter ended June 30, 2025, Taobao and Tmall Group, Ele.me and Fliggy was integrated into Alibaba China E-commerce Group. At the same time, Cainiao, Amap and Hujing Digital Media and Entertainment Group were reclassified to All others.

 

Gross goodwill balances were RMB302,194 million and RMB303,610 million as of March 31, 2025 and 2026, respectively. Accumulated impairment losses were RMB46,693 million and RMB56,232 million as of March 31, 2025 and 2026, respectively.

In the annual goodwill impairment assessment, the Company concluded that the carrying amounts of certain reporting units exceeded their respective fair values and recorded impairment losses of RMB10,521 million, RMB6,171 million and RMB9,515 million during the years ended March 31, 2024, 2025 and 2026, respectively.

 

 

 

17.
Goodwill (Continued)

 

During the year ended March 31, 2024, considered the changes in market conditions, the Company performed a quantitative
impairment test on one reporting unit under Hujing Digital Media and Entertainment Group (which was reclassified to All others starting from the quarter ended June 30, 2025), and recognized an impairment charge of RMB8,490 million. The fair value of this reporting unit was determined based on discounted cash flow analysis using assumptions including future growth rates and weighted average cost of capital. No further impairment charge was recognized relating to this reporting unit during the years ended March 31, 2025 and 2026.

 

During the year ended March 31, 2025, considered the changes in market conditions, the Company performed a quantitative impairment test on another reporting unit under Hujing Digital Media and Entertainment Group (which was reclassified to All others starting from the quarter ended June 30, 2025) and recognized an impairment charge of RMB4,296 million. The fair value of this reporting unit was determined based on its market capitalization. No further impairment charge was recognized relating to this reporting unit during the year ended March 31, 2026.

 

During the year ended March 31, 2026, considered the overall financial performance, the Company performed a quantitative impairment test on the other reporting unit under All others and recognized an impairment charge of RMB9,515 million. The fair value of this reporting unit was determined based on discounted cash flow analysis using assumptions including future growth rates and weighted average cost of capital.

 

The goodwill impairment is not allocated to segments because the CODM of the Company does not consider this as part of the segment operating performance measure (Note 29).