Goodwill
 12 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
17.
Goodwill

Changes in the carrying amount of goodwill by segment for the years ended March 31, 2022 and 2023 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Innovation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Local

 

 

 

 

 

 

 

 

Digital media

 

 

initiatives

 

 

 

 

 

Core

 

 

China

 

 

International

 

 

consumer

 

 

 

 

 

 

 

 

and

 

 

and

 

 

 

 

 

commerce

 

 

commerce

 

 

commerce

 

 

services

 

 

Cainiao

 

 

Cloud

 

 

entertainment

 

 

others

 

 

Total

 

 

(in millions of RMB)

 

 

 

 

Balance as of March 31, 2021

 

 

223,014

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,044

 

 

 

58,673

 

 

 

9,040

 

 

 

292,771

 

Additions

 

 

2,506

 

 

 

523

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

254

 

 

 

—

 

 

 

—

 

 

 

3,283

 

Impairment (i)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(25,141

)

 

 

—

 

 

 

(25,141

)

Allocation of goodwill (ii)

 

 

(224,407

)

 

 

174,424

 

 

 

17,630

 

 

 

20,292

 

 

 

16,346

 

 

 

815

 

 

 

—

 

 

 

(5,100

)

 

 

—

 

Foreign currency translation
   adjustments

 

 

(1,113

)

 

 

—

 

 

 

(169

)

 

 

—

 

 

 

—

 

 

 

(50

)

 

 

—

 

 

 

—

 

 

 

(1,332

)

Balance as of March 31, 2022

 

 

—

 

 

 

174,947

 

 

 

17,461

 

 

 

20,292

 

 

 

16,346

 

 

 

3,063

 

 

 

33,532

 

 

 

3,940

 

 

 

269,581

 

Additions

 

 

—

 

 

 

—

 

 

 

97

 

 

 

—

 

 

 

85

 

 

 

394

 

 

 

7

 

 

 

—

 

 

 

583

 

Impairment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,714

)

 

 

—

 

 

 

(2,714

)

Foreign currency translation
   adjustments

 

 

—

 

 

 

9

 

 

 

593

 

 

 

—

 

 

 

6

 

 

 

33

 

 

 

—

 

 

 

—

 

 

 

641

 

Balance as of March 31, 2023

 

 

—

 

 

 

174,956

 

 

 

18,151

 

 

 

20,292

 

 

 

16,437

 

 

 

3,490

 

 

 

30,825

 

 

 

3,940

 

 

 

268,091

 

 

(i)
During the year ended March 31, 2022, considered the changes in market conditions, the Company performed quantitative impairment tests on certain reporting units under the Digital media and entertainment segment and recognized impairment charges of RMB14,754 million relating to one listed reporting unit and RMB10,387 million relating to one unlisted reporting unit. The fair value of the listed reporting unit was determined based on its market capitalization, adjusted for control premium. The fair value of the unlisted reporting unit was determined based on the discounted cash flow analysis using the assumptions including the future growth rates and the weighted average cost of capital. No further impairment charge was recognized relating to these reporting units during the year ended March 31, 2023.
(ii)
During the year ended March 31, 2022, the Company allocated its goodwill primarily as a result of the change in segments (Note 26).

Gross goodwill balances were RMB299,201 million and RMB300,425 million as of March 31, 2022 and 2023, respectively. Accumulated impairment losses were RMB29,620 million and RMB32,334 million as of March 31, 2022 and 2023, respectively.

In the annual goodwill impairment assessment, the Company concluded that the carrying amounts of certain reporting units exceeded their respective fair values and recorded impairment losses of nil, RMB25,141 million and RMB2,714 million during the years ended March 31, 2021, 2022 and 2023, respectively. The goodwill impairment is presented as an unallocated item in the segment information (Note 26) because the CODM of the Company does not consider this as part of the segment operating performance measure.