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Intangible Assets, Net | 12 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | 12 INTANGIBLE ASSETS, NET The following table summarizes the Group’s intangible assets, net:
|  | As of March 31, 2020 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Accumulated Impairment Amount |  |  | Net Carrying Amount |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Domain name |  |  | 13,196 |  |  |  | (2,389 | ) |  |  | — |  |  |  | 10,807 |
Trademarks |  |  | 603 |  |  |  | (70 | ) |  |  | — |  |  |  | 533 |
Insurance agency license |  |  | 2,848 |  |  |  | (463 | ) |  |  | — |  |  |  | 2,385 |
Broadcasting License |  |  | 86,667 |  |  |  | (10,833 | ) |  |  | — |  |  |  | 75,834 |
Buyer and customer relationship |  |  | 462,770 |  |  |  | (462,770 | ) |  |  | — |  |  |  | — |
Brand |  |  | 184,470 |  |  |  | (172,110 | ) |  |  | (12,360 | ) |  |  | — |
Strategic business resources |  |  | 1,492,404 |  |  |  | (768,952 | ) |  |  | — |  |  |  | 723,452 |
Technology |  |  | 22,940 |  |  |  | (20,926 | ) |  |  | (2,014 | ) |  |  | — |
Total |  |  | 2,265,898 |  |  |  | (1,438,513 | ) |  |  | (14,374 | ) |  |  | 813,011 |
|  | As of March 31, 2021 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Accumulated Impairment Amount |  |  | Net Carrying Amount |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Domain name |  |  | 12,502 |  |  |  | (3,130 | ) |  |  | — |  |  |  | 9,372 |
Trademarks |  |  | 539 |  |  |  | (100 | ) |  |  | — |  |  |  | 439 |
Insurance agency license |  |  | 2,848 |  |  |  | (605 | ) |  |  | — |  |  |  | 2,243 |
Broadcasting License |  |  | 86,667 |  |  |  | (29,405 | ) |  |  | — |  |  |  | 57,262 |
Buyer and customer relationship |  |  | 462,770 |  |  |  | (462,770 | ) |  |  | — |  |  |  | — |
Brand |  |  | 184,470 |  |  |  | (172,110 | ) |  |  | (12,360 | ) |  |  | — |
Strategic business resources |  |  | 1,405,551 |  |  |  | (1,048,862 | ) |  |  | — |  |  |  | 356,689 |
Technology |  |  | 22,940 |  |  |  | (20,926 | ) |  |  | (2,014 | ) |  |  | — |
Total |  |  | 2,178,287 |  |  |  | (1,737,908 | ) |  |  | (14,374 | ) |  |  | 426,005 |
Amortization expenses for intangible assets were RMB194,874, RMB331,294 and RMB341,802 for the years ended March 31, 2019, 2020 and 2021, respectively. In August 2019, the Company (through its VIE, Hangzhou JuanGua) entered into an agreement to acquire the asset of an internet technology company, including an online audio/video broadcasting license (“Broadcasting License”). The transaction was accounted for as an asset acquisition rather than a business combination as the acquiree company did not meet the criteria of a business and substantially all of the fair value of the gross assets acquired would be concentrated in a single asset. The total cash consideration of RMB65,000 was fully paid by May 2020. A deferred tax liability of RMB21,667 was determined by using a simultaneous equation, and this increased the carrying amount of the Broadcasting License. Management made an assessment that the useful life of the Broadcasting License is estimated to be 56 months in view of the current regulatory environment in connection with the renewal of the license and commenced to record related amortization charges starting from September 2019. As of March 31, 2021, amortization expenses related to the intangible assets for future periods are estimated to be as follows:
For the years ended March 31, |  | RMB |
2022 |  |  | 333,088 |
2023 |  |  | 62,703 |
2024 |  |  | 19,528 |
2025 |  |  | 2,448 |
2026 |  |  | 760 |
Thereafter |  |  | 7,478 |
|  | 426,005 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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