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Share Based Compensation (Tables) | 12 Months Ended
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Mar. 31, 2021
Share-based Payment Arrangement [Abstract] |
Summary of the Assumptions Used To Value The Company's Option Grants | The assumptions used to value the Company’s option grants for the years ended March 31, 2020 were as follows:
Valuation Dates |  | 2020 |
Expected term |  |  | 10 years |
Expected volatility |  |  | 39.93 | %
Exercise multiple |  |  | 2.2 |
Expected dividend yield |  |  | — |
Risk-free interest rate |  |  | 1.67 | %
Expected forfeiture rate (post vesting) |  |  | 3% for staff 0% for management |
Fair value of the underlying shares on the date of option grants (US$) |  |  | 0.10 |
Fair value of share option (US$) |  |  | 0.09 |
Summary of Option Activities Under The Global Share Plan | The following table sets forth the summary of option activities under the Company’s Global Share Plan:
|  | Number of share options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value |
|  |  |  |  | (US$) |  |  | (In years) |  |  | (US$) |
Outstanding as of April 1, 2018 |  |  | 183,405,010 |  |  |  | 0.08 |  |  |  | 6.78 |  |  |  | 107,465 |
Exercised |  |  | (87,990,491 | ) |  |  | 0.01 |  |  |  |  |  |  |  |  |
Forfeited or cancelled (post-vesting) |  |  | (3,872,425 | ) |  |  | 0.30 |  |  |  |  |  |  |  |  |
Outstanding as of March 31, 2019 |  |  | 91,542,094 |  |  |  | 0.14 |  |  |  | 5.16 |  |  |  | 36,009 |
Granted |  |  | 3,775 |  |  |  | 0.01 |  |  |  |  |  |  |  |  |
Exercised |  |  | (39,744,025 | ) |  |  | 0.03 |  |  |  |  |  |  |  |  |
Forfeited or cancelled (post-vesting) |  |  | (32,341,836 | ) |  |  | 0.28 |  |  |  |  |  |  |  |  |
Outstanding as of March 31, 2020 |  |  | 19,460,008 |  |  |  | 0.13 |  |  |  | 4.26 |  |  |  | 189 |
Exercised |  |  | (2,865,800 | ) |  |  | 0.03 |  |  |  |  |  |  |  |  |
Forfeited or cancelled (post-vesting) |  |  | (3,151,360 | ) |  |  | 0.27 |  |  |  |  |  |  |  |  |
Outstanding as of March 31, 2021 |  |  | 13,442,848 |  |  |  | 0.12 |  |  |  | 3.27 |  |  |  | 371 |
Vested and expected to vest as of March 31, 2021 |  |  | 13,442,848 |  |  |  | 0.12 |  |  |  | 3.27 |  |  |  | 371 |
Exercisable as of March 31, 2021 |  |  | 13,442,848 |  |  |  | 0.12 |  |  |  | 3.27 |  |  |  | 371 |
Summary of Activities of the Service-Based RSUs | A summary of activities of the service-based RSUs for the years ended March 31, 2019, 2020 and 2021 is presented below:
|  | Number of RSUs |  |  | Weighted-Average Grant-Date Fair Value |
|  |  |  |  | US$ |
Unvested at March 31, 2018 |  |  | 4,895,060 |  |  |  | 0.45 |
Granted |  |  | 78,715,557 |  |  |  | 0.67 |
Vested |  |  | (6,114,640 | ) |  |  | 0.63 |
Forfeited |  |  | (9,212,850 | ) |  |  | 0.64 |
Unvested at March 31, 2019 |  |  | 68,283,127 |  |  |  | 0.66 |
Granted |  |  | 53,563,150 |  |  |  | 0.23 |
Vested |  |  | (18,466,165 | ) |  |  | 0.65 |
Forfeited |  |  | (53,014,160 | ) |  |  | 0.56 |
Unvested at March 31, 2020 |  |  | 50,365,952 |  |  |  | 0.31 |
Granted |  |  | 42,695,000 |  |  |  | 0.05 |
Vested |  |  | (8,195,402 | ) |  |  | 0.62 |
Forfeited |  |  | (14,092,450 | ) |  |  | 0.51 |
Unvested at March 31, 2021 |  |  | 70,773,100 |  |  |  | 0.08 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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