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LONG-TERM INVESTMENTS, NET (Details)
¥ in Millions
12 Months Ended
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
Jan. 08, 2019
CNY (¥)
Jan. 08, 2019
USD ($)
Aug. 09, 2018
USD ($)
LONG TERM INVESTMENTS          
Long term investments, gross $ 30,789,836 $ 30,789,836      
Impairment on long-term investment in Phoenix Intelligent Credit (29,189,836)        
Long-term investments, net 1,600,000 30,789,836      
Consideration payable   14,289,371      
Impairment charge on long-term investments 29,189,836 0      
Phoenix Intelligent Credit          
LONG TERM INVESTMENTS          
Long term investments, gross 29,189,836 29,189,836      
Equity stake acquired (as a percentage)     5.88% 5.88%  
Total consideration     ¥ 200 $ 29,000,000  
Consideration payable   14,289,371      
Musketeer          
LONG TERM INVESTMENTS          
Long term investments, gross $ 1,600,000 $ 1,600,000      
Equity stake acquired (as a percentage)         19.99%
Total consideration         $ 1,600,000