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Intangible assets, net | 12 Months Ended
--- | ---
Mar. 31, 2025
Finite-Lived Intangible Assets, Net [Abstract] |
Intangible assets, net | 16. Intangible assets, net
|  | As of March 31, |
|  | 2024 |  |  | 2025 |
|  | RMB |  |  | RMB |
|  | (in millions) |
User base and customer relationships |  |  | 48,863 |  |  |  | 48,565 |
Trade names, trademarks and domain names |  |  | 39,687 |  |  |  | 26,936 |
Non-compete agreements |  |  | 11,815 |  |  |  | 6,030 |
Developed technology and patents |  |  | 7,166 |  |  |  | 4,823 |
Licensed copyrights (Note 2(x)) and others |  |  | 9,586 |  |  |  | 8,001 |
|  |  | 117,117 |  |  |  | 94,355 |
Less: accumulated amortization and impairment |  |  | (90,167 | ) |  |  | (73,444 | )
Net book value |  |  | 26,950 |  |  |  | 20,911 |
During the years ended March 31, 2023, 2024 and 2025, the Company acquired intangible assets amounting to RMB 285 million, RMB 602 million and RMB 1,544 million, respectively, in connection with business combinations, which were measured at fair value upon acquisition. Details of intangible assets acquired in connection with business combinations are included in Note 4. During the year ended March 31, 2024, considered lower than expected profitability as a result of uncertainties in the market environment, the Company recognized impairment on inta ngible assets of RMB 12,089 million primarily relating to trade names, trademarks and domain names relating to an asset group under All others segment. The fair value of the asset group is determined based on its market capitalization. 16. Intangible assets, net (Continued) The estimated aggregate amortization expenses for each of the five succeeding fiscal years and thereafter are as follows:
|  | Amounts |
|  | RMB |
|  | (in millions) |
For the year ending March 31, |  |  |
2026 |  |  | 4,565 |
2027 |  |  | 3,586 |
2028 |  |  | 3,056 |
2029 |  |  | 2,304 |
2030 |  |  | 2,138 |
Thereafter |  |  | 5,262 |
|  |  | 20,911 |

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