v3.26.1
Related party transactions (Tables)
 12 Months Ended
Mar. 31, 2026
Related party transactions  
Schedule of transactions

Transactions with Ant Group and its affiliates

 

 

Year ended March 31,

 

 

2024

 

 

2025

 

 

2026

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

(in millions)

 

Amounts earned by the Company

 

 

 

 

 

 

 

 

 

Cloud services revenue (i)

 

 

8,814

 

 

 

11,113

 

 

 

19,134

 

Marketplace software technology services fee and
   other amounts earned (i)

 

 

4,051

 

 

 

6,046

 

 

 

5,402

 

 

 

12,865

 

 

 

17,159

 

 

 

24,536

 

 

 

 

 

 

 

 

 

 

 

Amounts incurred by the Company

 

 

 

 

 

 

 

 

 

Payment processing and escrow services fee (ii)

 

 

13,164

 

 

 

15,467

 

 

 

18,019

 

Other amounts incurred (i)

 

 

3,050

 

 

 

4,314

 

 

 

3,022

 

 

 

16,214

 

 

 

19,781

 

 

 

21,041

 

 

(i)
The Company has other commercial arrangements with Ant Group and its affiliates on various cloud computing services, sales and marketing and other services.
(ii)
The Company has a commercial agreement with Alipay whereby the Company receives payment processing and escrow services in exchange for a payment for the services fee, which was recognized in cost of revenue.

As of March 31, 2025 and 2026, the Company had certain amounts of cash held in accounts managed by Alipay in connection with the provision of online and mobile commerce and related services for a total amount of RMB5,863 million and RMB5,545 million, respectively, which have been classified as cash and cash equivalents on the consolidated balance sheets.