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v3.25.2

Significant mergers and acquisitions, investments and dispositions (Tables) | 12 Months Ended
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Mar. 31, 2025
Significant mergers and acquisitions and investments |
Schedule of the allocation of the purchase price as of the date of acquisition | Acquisitions that constitute business combinations are summarized in the following table:
|  | Year ended March 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |
|  | RMB |  |  | RMB |  |  | RMB |
|  | (in millions) |
Net assets (liabilities) |  |  | 1 |  |  |  | 28 |  |  |  | (461 | )
Identifiable intangible assets |  |  | 285 |  |  |  | 602 |  |  |  | 1,544 |
Deferred tax assets |  |  | — |  |  |  | — |  |  |  | 1 |
Deferred tax liabilities |  |  | (68 | ) |  |  | (199 | ) |  |  | (382 | )
|  |  | 218 |  |  |  | 431 |  |  |  | 702 |
Noncontrolling interests and mezzanine equity |  |  | (38 | ) |  |  | (98 | ) |  |  | (587 | )
Net identifiable assets |  |  | 180 |  |  |  | 333 |  |  |  | 115 |
Goodwill |  |  | 583 |  |  |  | 1,782 |  |  |  | 4,899 |
Total purchase consideration |  |  | 763 |  |  |  | 2,115 |  |  |  | 5,014 |
Fair value of previously held equity interests |  |  | — |  |  |  | — |  |  |  | (1,555 | )
Purchase consideration settled |  |  | (481 | ) |  |  | (2,038 | ) |  |  | (1,564 | )
Deferred consideration as of year end |  |  | 282 |  |  |  | 77 |  |  |  | 1,895 |
Total purchase consideration is comprised of: |  |  |  |  |  |  |  |  |
- cash consideration |  |  | 763 |  |  |  | 2,115 |  |  |  | 2,549 |
- fair value of previously held equity interests |  |  | — |  |  |  | — |  |  |  | 1,555 |
- others |  |  | — |  |  |  | — |  |  |  | 910 |
|  |  | 763 |  |  |  | 2,115 |  |  |  | 5,014 |

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