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Property and equipment, net
12 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and equipment, net
15.
Property and equipment, net

 

 

As of March 31,

 

 

2024

 

 

2025

 

 

 

RMB

 

 

RMB

 

 

(in millions)

 

Building, property improvements and other property

 

 

135,132

 

 

 

104,600

 

Computer equipment and software

 

 

117,458

 

 

 

157,252

 

Construction in progress

 

 

42,677

 

 

 

54,849

 

Furniture, office and transportation equipment and others

 

 

20,367

 

 

 

15,064

 

 

 

315,634

 

 

 

331,765

 

Less: accumulated depreciation and impairment

 

 

(130,473

)

 

 

(128,417

)

Net book value

 

 

185,161

 

 

 

203,348

 

 

Depreciation expenses recognized for the years ended March 31, 2023, 2024 and 2025 were RMB24,654 million, RMB23,344 million and RMB24,515 million, respectively.