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CONCENTRATION OF CREDIT RISK
12 Months Ended
Mar. 31, 2022
CONCENTRATION OF CREDIT RISK  
CONCENTRATION OF CREDIT RISK

24. CONCENTRATION OF CREDIT RISK

Financial instruments that potentially subject the Group to the concentration of credit risks consist of cash and cash equivalents.

 

The Group deposits its cash and cash equivalents with financial institutions located in jurisdictions where the subsidiaries are located. The Company believes that no significant credit risk exists as these financial institutions and financing partners have high credit quality.

 

Substantially all revenue was derived from customers located in China. No single customer accounted for more than 10% of the Company’s consolidated revenue in any of the periods presented.