Investments (Tables)

12 Months Ended

Mar. 31, 2023

Summary of Long Term Investments

The Company’s long-term investments consist of the following:

	As of March 31,
	2022		2023
	RMB		RMB
Available-for-sale debt securities
iSNOB		21,918		24,656
Poppy		15,871		—
Others		7,084		9,712
		44,873		34,368
Equity method investments
Jiaxing Neixiangyoupan Equity investment Fund Partnership    (limited partnership) (“Neixiangyoupan”)		25,842		31,745
Others		1,405		3,205
		27,247		34,950
Total		72,120		69,318

Schedule of Available-for-sale Debt Securities

The following table summarizes, by major security type, the Company’s available-for-sale debt securities as of March 31, 2022 and 2023:

	As of March 31,
	2022		2023
	RMB		RMB
Cost		28,601		16,786
Unrealized gains, including foreign exchange adjustment		16,272		17,582
Fair Value		44,873		34,368