v3.26.1
Deferred revenue and customer advances (Tables)
12 Months Ended
Mar. 31, 2026
Contract with Customer, Liability [Abstract]  
Schedule of deferred revenue and customer advances

Deferred revenue and customer advances primarily represent service fees prepaid by merchants or customers for which the relevant services have not been provided. The respective balances are as follows:

 

 

As of March 31,

 

 

2025

 

 

2026

 

 

 

RMB

 

 

RMB

 

 

(in millions)

 

Deferred revenue

 

 

44,138

 

 

 

46,079

 

Customer advances

 

 

28,733

 

 

 

36,221

 

 

 

72,871

 

 

 

82,300

 

Less: current portion

 

 

(68,335

)

 

 

(77,415

)

Non-current portion

 

 

4,536

 

 

 

4,885