DISCONTINUED OPERATIONS (Tables) - Discontinued business

12 Months Ended

Mar. 31, 2022

2C intra-regional business and loan-facilitation related service

DISCONTINUED OPERATIONS

Schedule of discontinued operations, results

Results of the discontinued operations of 2C intra-regional business and loan facilitation related service were as follows:

	For the year ended December 31,			For the three months ended March 31,			For the fiscal year ended March 31,
	2019			2020			2021
	RMB			RMB			RMB
Revenues
To consumers
Transaction facilitation revenue		391,447			—			—
Loan facilitation revenue		1,141,981			—			—
Total revenues		1,533,428			—			—
Cost of revenues		(296,347	)		—			—
Gross profit		1,237,081			—			—
Operating expenses
Sales and marketing		(1,018,483	)		—			—
Research and development		(155,168	)		—			—
General and administrative		(486,098	)		—			—
Losses from guarantee liabilities		(168,212	)		—			—
Impairment for net assets transferred		—			(407,709	)		(420,000	)
Total operating expenses		(1,827,961	)		(407,709	)		(420,000	)
Loss from operations		(590,880	)		(407,709	)		(420,000	)
Interest income, net		(14,355	)		—			—
Other expenses, net		(4,468	)		—			—
Loss from the divestiture of 2C intra-regional and loan    facilitation business		—			—			(14,745	)
Foreign exchange gain		534			—			—
Loss from discontinued operations before income tax expense		(609,169	)		(407,709	)		(434,745	)
Income tax expense		(2,992	)		—			—
Net loss from discontinued operations		(612,161	)		(407,709	)		(434,745	)

Schedule of discontinued operations, cash flow

The cash flow summary of the discontinued operations of 2C intra-regional business and loan facilitation related service were as follows:

	For the year ended December 31,
	2019
	RMB
Net cash used in operating activities		(821,185	)
Net cash generated from investing activities		(187	)

2B business

DISCONTINUED OPERATIONS

Schedule of discontinued operations, results

Results of the discontinued operations of 2B business were as follows:

	For the year ended December 31,			For the three months ended March 31,			For the fiscal year ended March 31,
	2019			2020			2021
	RMB			RMB			RMB
Transaction facilitation revenue		283,711			22,426			5,198
Cost of revenues		(157,653	)		(15,109	)		(1,384	)
Gross profit		126,058			7,317			3,814
Operating expenses
Sales and marketing		(120,082	)		(22,453	)		(8,063	)
Research and development		(13,629	)		(2,970	)		—
General and administrative		(42,636	)		(14,415	)		(1,218	)
Provision for credit losses		—			(14,947	)		—
Total operating expenses		(176,347	)		(54,785	)		(9,281	)
Gain from the divestiture of 2B business		—			—			735,956
Net (loss)/ income from discontinued operations		(50,289	)		(47,468	)		730,489

Schedule of discontinued operations, cash flow

The condensed cash flows of the discontinued operations of 2B business were as follows:

	For the year ended December 31,		For the three months ended March 31,			For the fiscal year ended March 31,
	2019		2020			2021
	RMB		RMB			RMB
Net cash generated from/ (used in) operating activities		2,338		(34,967	)		(9,491	)
Net cash generated from/ (used in) investing activities		1,159		(25	)		—