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Organization and Principal Activities (Tables) | 12 Months Ended
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Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of Major Subsidiaries, Consolidated VIEs and VIE's Subsidiaries | As of March 31, 2021, the Company’s major subsidiaries, consolidated VIEs and VIE’s subsidiaries are as follows:
|  | Equity interest held |  |  | Place and date of incorporation |
Subsidiaries: |  |  |  |  |  |  |  |
Meili Group Limited |  |  | 100 | % |  |  | Hong Kong, China June 23, 2011 |
Hangzhou Shiqu |  |  | 100 | % |  |  | Hangzhou, China November 16,2011 |
Meilishuo (Beijing) Network Technology Co., Ltd. |  |  | 100 | % |  |  | Beijing, China November 23,2010 |
|  |  |  |  | Place and date of incorporation |
Consolidated VIEs: |  |  |  |  |  |  |  |
Hangzhou Juangua |  |  |  |  |  |  | Hangzhou, China April 13, 2010 |
Beijing Meilishikong Network and Technology Co., Ltd. |  |  |  |  |  |  | Beijing, China July 6, 2010 |
Schedule of Amounts and Balances of VIEs Included in Consolidated Financial Statements With Intercompany Transactions Eliminated | The following table sets forth the assets, liabilities, results of operations and changes in cash and cash equivalents of the consolidated VIEs and their subsidiaries taken as a whole, which were included in the Group’s consolidated financial statements with intercompany transactions eliminated:
|  |  | As of March 31, |
|  |  | 2020 |  |  | 2021 |
|  |  | RMB |  |  | RMB |
Cash and cash equivalents |  |  |  | 340,363 |  |  |  | 163,376 |
Restricted cash |  |  |  | 807 |  |  |  | 808 |
Short-term investments |  |  |  | 34,000 |  |  |  | 60,000 |
Inventories, net |  |  |  | 127 |  |  |  | 104 |
Loan receivables, net |  |  |  | 113,111 |  |  |  | 99,965 |
Prepayments and other current assets |  |  |  | 61,606 |  |  |  | 57,385 |
Amounts due from non-VIE subsidiaries of the Company |  |  |  | 311,238 |  |  |  | 312,410 |
Amounts due from related parties |  |  |  | 5 |  |  |  | 5 |
Property, equipment and software, net |  |  |  | 577 |  |  |  | 1,901 |
Intangible assets, net |  |  |  | 78,741 |  |  |  | 59,910 |
Goodwill |  |  |  | 928 |  |  |  | 928 |
Investments |  |  |  | 11,011 |  |  |  | 42,101 |
Other non-current asset |  |  |  | 13,656 |  |  |  | 160,675 |
Total assets |  |  |  | 966,170 |  |  |  | 959,568 |
|  |  | As of March 31, |
|  |  | 2020 |  |  | 2021 |
|  |  | RMB |  |  | RMB |
Amounts due to non-VIE subsidiaries of the Company |  |  |  | 1,344,824 |  |  |  | 1,381,497 |
Accounts payable |  |  |  | 852 |  |  |  | 721 |
Salaries and welfare payable |  |  |  | 663 |  |  |  | 579 |
Advances from customers |  |  |  | 74 |  |  |  | 77 |
Taxes payable |  |  |  | 2,599 |  |  |  | 694 |
Amounts due to related parties |  |  |  | 1,323 |  |  |  | 1,329 |
Accruals and other current liabilities |  |  |  | 306,337 |  |  |  | 258,077 |
Deferred tax liabilities |  |  |  | 19,044 |  |  |  | 16,118 |
Total liabilities |  |  |  | 1,675,716 |  |  |  | 1,659,092 |
|  | Year ended March 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
Total revenues |  |  | 150,228 |  |  |  | 137,578 |  |  |  | 110,691 |
Cost of revenues |  |  | (87,562 | ) |  |  | (63,162 | ) |  |  | (51,493 | )
Net profit/(loss) |  |  | 5,565 |  |  |  | (4,093 | ) |  |  | 1,721 |
|  | Year ended March 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
Net cash (used in)/provided by operating activities |  |  | (165,708 | ) |  |  | 186,711 |  |  |  | 25,326 |
Net cash used in investing activities |  |  | (39,369 | ) |  |  | (38,652 | ) |  |  | (202,312 | )
Net cash provided by financing activities |  |  | 1,490 |  |  |  | 960 |  |  |  | — |
Net (decrease)/increase in cash and cash equivalents and restricted cash |  |  | (203,587 | ) |  |  | 149,019 |  |  |  | (176,986 | )

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- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=121559654&loc=SL6759159-111685 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121559654&loc=d3e5747-111685 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121559654&loc=SL6228884-111685 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=121559654&loc=d3e5710-111685 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121559654&loc=d3e5728-111685 + Details
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