| Schedule of equity securities and other investments at cost and at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of March 31, 2025 |
|
|
|
Original
cost |
|
|
Cumulative
net (losses) gains |
|
|
Carrying
value |
|
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
|
(in millions) |
|
Equity securities: |
|
|
|
|
|
|
|
|
|
Listed equity securities |
|
|
79,024 |
|
|
|
(1,394 |
) |
|
|
77,630 |
|
Investments in privately held companies |
|
|
113,646 |
|
|
|
(17,479 |
) |
|
|
96,167 |
|
Debt investments: |
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|
|
|
|
|
|
|
|
Debt securities and loan investments |
|
|
15,009 |
|
|
|
(6,224 |
) |
|
|
8,785 |
|
Other treasury investments |
|
|
227,935 |
|
|
|
81 |
|
|
|
228,016 |
|
|
|
|
435,614 |
|
|
|
(25,016 |
) |
|
|
410,598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of March 31, 2026 |
|
|
|
Original
cost |
|
|
Cumulative
net gains (losses) |
|
|
Carrying
value |
|
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
|
(in millions) |
|
Equity securities: |
|
|
|
|
|
|
|
|
|
Listed equity securities |
|
|
70,647 |
|
|
|
29,947 |
|
|
|
100,594 |
|
Investments in privately held companies |
|
|
117,826 |
|
|
|
12,621 |
|
|
|
130,447 |
|
Debt investments: |
|
|
|
|
|
|
|
|
|
Debt securities and loan investments |
|
|
15,905 |
|
|
|
(5,025 |
) |
|
|
10,880 |
|
Other treasury investments |
|
|
238,353 |
|
|
|
(278 |
) |
|
|
238,075 |
|
|
|
|
442,731 |
|
|
|
37,265 |
|
|
|
479,996 |
|
|