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Commitments | 12 Months Ended
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Mar. 31, 2025
Commitments |
Commitments | 26. Commitments (a) Capital commitments The Company’s capital commitments primarily relate to capital expenditures contracted for purchase of property and equipment, including the construction of corporate campuses. Total capital commitments contracted but not provided for amounted to RMB 18,372 million and RMB 45,321 million as of March 31, 2024 and 2025, respectively. The capital expenditures contracted for are analyzed as follows:
|  | As of March 31, |
|  | 2024 |  |  | 2025 |
|  | RMB |  |  | RMB |
|  | (in millions) |
No later than 1 year |  |  | 11,884 |  |  |  | 44,067 |
Later than 1 year and no later than 5 years |  |  | 6,486 |  |  |  | 1,254 |
More than 5 years |  |  | 2 |  |  |  | — |
|  |  | 18,372 |  |  |  | 45,321 |
(b) Investment commitments The Company was obligated to pay up to RMB 11,166 million and RMB 20,341 million for business combinations and equity investments under various arrangements as of March 31, 2024 and 2025, respectively. The commitment balance as of March 31, 2024 and 2025 primarily includes the committed capital of certain investment funds. (c) Other commitments The Company also has other commitments including commitments for co-location and bandwidth fees, licensed copyrights and marketing expenses. These commitments are analyzed as follows:
|  | As of March 31, |
|  | 2024 |  |  | 2025 |
|  | RMB |  |  | RMB |
|  | (in millions) |
No later than 1 year |  |  | 40,243 |  |  |  | 32,364 |
Later than 1 year and no later than 5 years |  |  | 21,471 |  |  |  | 46,768 |
More than 5 years |  |  | 4,366 |  |  |  | 5,094 |
|  |  | 66,080 |  |  |  | 84,226 |

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- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 440 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/440/tableOfContent + Details
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