Related Party Transactions and Balances

12 Months Ended

Mar. 31, 2024

Related Party Transactions [Abstract]

Related Party Transactions and Balances

19 RELATED PARTY TRANSACTIONS AND BALANCES

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control or common significant influence. Related parties may be individuals or corporate entities.

The following entities are considered to be related parties to the Group:

Name of related parties	Relationship with the Group
Tencent Group	Shareholder of the Group

The Group had the following transactions with the major related parties:

	For the year ended March 31,
	2022		2023		2024
	RMB		RMB		RMB
Revenues:
Technology services to Tencent		—		—		185
Total		—		—		185
Cost of revenue:
Cloud technology services from Tencent Group		24,915		20,363		17,111
Payment processing fees to Tencent Group		6,898		1,984		1,044
Total		31,813		22,347		18,155

The Group had the following balances with the major related parties:

	As of March 31,
	2023			2024
	RMB			RMB
Due from Tencent Group		1,260			587
Due to Tencent Group		(4,196	)		(5,341	)

All balances with the related parties as of March 31, 2023 and 2024 were unsecured, interest free and had no fixed terms.