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BUSINESS DESCRIPTION (Tables)
12 Months Ended
Mar. 31, 2020
BUSINESS DESCRIPTION  
Schedule of the Company's principal subsidiaries and consolidated VIEs

 

 

 

 

 

 

 

 

 

 

 

 

Date of

 

 

 

 

 

 

 

 

incorporation /

 

Place of

 

Percentage of

 

 

 

    

acquisition

    

incorporation

    

legal ownership

    

Principal activities

Wholly owned subsidiaries

 

  

 

  

 

  

 

 

Hexindai Hong Kong Limited ("HK Hexindai")

 

May 17, 2016

 

Hong Kong

 

100%

 

Investment holding

Beijing Hexin Yongheng Technology Development Co., Ltd ("WOFE")

 

August 8, 2016

 

PRC

 

100%

 

Provision of consultancy and information technology ("IT") support

 

 

 

 

 

 

 

 

 

Tianjin Haohongyuan Technology Co., Ltd ("Tianjin Haohongyuan")

 

May 25, 2018

 

PRC

 

100%

 

Provision of consultancy and IT support

 

 

 

 

 

 

 

 

 

HX Asia Investment Limited

 

June 25, 2018

 

BVI

 

100%

 

Investment holding

 

 

 

 

 

 

 

 

 

HX China Investment Limited

 

January 16, 2019

 

BVI

 

100%

 

Investment holding

 

 

 

 

 

 

 

 

 

VIEs

 

  

 

  

 

  

 

  

 

 

 

 

 

 

 

 

 

Hexin E-Commerce Co., Ltd ("Hexin E-Commerce")

 

March 7, 2014

 

PRC

 

Consolidated VIE

 

Service for online marketplace connecting borrowers and investors

Wusu Hexin Yongheng Trading Co., Ltd ("Wusu Company)*

 

August 28, 2017

 

PRC

 

Consolidated VIE

 

Trading  branded products and product promotion

Hexin Digital Technology Co., Ltd.("Hexin Digital ")

 

August 1, 2019

 

PRC

 

Consolidated VIE

 

Provision of consultancy and IT support

 

 

 

 

 

 

 

 

 

Hexin E-Commerce's subsidiaries

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tianjin Qinghe E-Commerce Co., Ltd ("Tianjin Qinhe")

 

July 14, 2017

 

PRC

 

Consolidated VIE

 

Provision of consultancy and IT support

Tianjin Bozhishuntai Technology Co., Ltd ("Tianjin BZ")

 

October 27, 2017

 

PRC

 

Consolidated VIE

 

Provision of consultancy and IT support

Beijing Bozhi shuntai Technology Co., Ltd ("Beijing BZ")

 

May 21, 2019

 

PRC

 

Consolidated VIE

 

Provision of consultancy and IT support

 

 

 

 

 

 

 

 

 

Trust 1

 

December 26,2018

 

PRC

 

Consolidated Trust

 

Host of beneficial right asset


*     Previously named as Wusu Hexin Internet Small Loan Co., Ltd, in which Hexin E-commerce contributed RMB 470 million (US$66.4 million) to Wusu Company with its own funds.