v3.26.1
Restricted cash and escrow receivables (Tables)
12 Months Ended
Mar. 31, 2026
Restricted Cash and Investments [Abstract]  
Schedule of restricted cash and escrow receivables

 

As of March 31,

 

 

2025

 

 

2026

 

 

RMB

 

 

RMB

 

 

 

(in millions)

 

Buyer protection fund deposits from merchants on the marketplaces (i)

 

 

35,962

 

 

 

35,965

 

Others

 

 

7,819

 

 

 

6,073

 

 

 

43,781

 

 

 

42,038

 

 

(i)
The amount represents buyer protection fund deposits received from merchants on the Company’s marketplaces, which are restricted for the purpose of compensating buyers for claims against merchants. A corresponding liability is recorded in other deposits and advances received under accrued expenses, accounts payable and other liabilities (Note 19) on the consolidated balance sheets.