v3.25.2
Accruals and Other Liabilities (Tables)
12 Months Ended
Mar. 31, 2025
Payables and Accruals [Abstract]  
Summary of Accruals and Other Liabilities

 

As of March 31,

 

 

2024

 

 

2025

 

 

RMB

 

 

RMB

 

Accrued liabilities and other current liabilities

 

 

 

 

 

 

Receipts under custody (1)

 

 

164,136

 

 

 

164,478

 

Deposits from merchants (2)

 

 

98,396

 

 

 

91,586

 

Accrued expenses

 

 

11,130

 

 

 

16,210

 

Payables for purchases of office building and building improvement

 

 

14,337

 

 

 

15,590

 

Other payables

 

 

11,318

 

 

 

13,340

 

 

 

299,317

 

 

 

301,204

 

 

(1)
The receipts under custody mainly represent the amounts received by the Group from the registered users for their purchase through the Company’s online market platform, and have not been remitted to the third-party merchants yet.
(2)
The customer deposits mainly represent the cash deposits as collateral collected from the merchants of the online platform. The deposit can be withdrawn immediately after the merchants terminate its online shop on the platform.