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Accruals and Other Liabilities
 12 Months Ended
Mar. 31, 2024
Payables and Accruals [Abstract]  
Accruals and Other Liabilities

15 ACCRUALS AND OTHER LIABILITIES

 

 

As of March 31,

 

 

2023

 

 

2024

 

 

RMB

 

 

RMB

 

Accrued liabilities and other current liabilities

 

 

 

 

 

 

Receipts under custody (1)

 

 

159,691

 

 

 

164,136

 

Deposits from merchants (2)

 

 

104,945

 

 

 

98,396

 

Payables for purchases of office building

 

 

10,450

 

 

 

14,337

 

Accrued expenses

 

 

13,427

 

 

 

11,130

 

Other payables

 

 

7,204

 

 

 

11,318

 

 

 

295,717

 

 

 

299,317

 

 

(1)
The receipts under custody mainly represent the amounts received by the Group from the registered users for their purchase through the Company’s online market platform, and have not been remitted to the third-party merchants yet.
(2)
The customer deposits mainly represent the cash deposits as collateral collected from the merchants of the online platform. The deposit can be withdrawn immediately after the merchants terminate its online shop on the platform.