Organization and Principal Activities (Tables)

12 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Major Subsidiaries, Consolidated VIEs and VIE's Subsidiaries

As of March 31, 2024, the Company’s major subsidiaries, the consolidated VIEs and VIE’s subsidiary are as follows:

	Equity interest held	Place and date of incorporation
Subsidiaries:
MOGU Group Limited	100%	Hong Kong, China June 23, 2011
Hangzhou Shiqu	100%	Hangzhou, China November 16, 2011
Meilishuo (Beijing) Network Technology Co., Ltd.	100%	Beijing, China November 23, 2010
		Place and date of incorporation
Consolidated VIEs:
Hangzhou Juangua		Hangzhou, China April 13, 2010
Beijing Meilishikong Network and Technology Co., Ltd.		Beijing, China July 6, 2010
		Place and date of incorporation
VIE's subsidiary
Ruisha Technology		Hangzhou, China, July 2021

Schedule of Amounts and Balances of VIEs Included in Consolidated Financial Statements With Intercompany Transactions Eliminated

The following table sets forth the assets, liabilities, results of operations and changes in cash and cash equivalents and restricted cash of the consolidated VIEs and their subsidiaries taken as a whole, which are included in the Group’s consolidated financial statements, with intercompany transactions eliminated:

	As of March 31,
	2023		2024
	RMB		RMB
Cash and cash equivalents		259,033		169,039
Restricted cash		810		511
Short-term investments		25,584		51,935
Inventories, net		131		86
Loan receivables, net		32,229		31,564
Prepayments, receivables and other current assets		54,617		43,606
Amounts due from non-VIE subsidiaries of the Company(1)		105,334		70,620
Amounts due from related parties		614		587
Property and equipment, net		191,598		263,770
Intangible assets, net		11,933		176
Right-of-use assets		650		—
Investments		38,469		46,722
Other non-current assets		33,050		32,000
Total assets		754,052		710,616

	As of March 31,
	2023			2024
	RMB			RMB
Amounts due to non-VIE subsidiaries of the Company(2)		1,512,750			1,503,757
Accounts payable		548			392
Salaries and welfare payable		5,398			1,579
Advances from customers		68			56
Taxes payable		3,246			1,049
Amounts due to related parties		1,395			1,398
Current portion of lease liabilities		307			—
Accruals and other current liabilities		239,359			246,158
Deferred tax liabilities		1,755			—
Total liabilities		1,764,826			1,754,389
Total shareholders’ deficit		(1,010,774	)		(1,043,773	)

Note 1: The amount due from non-VIE subsidiaries of the Company as of March 31, 2023 and 2024 mainly represent the receivables of the VIEs due from the Company’s wholly-owned subsidiaries for treasury management purposes and service charges.

Note 2: The amount due to non-VIE subsidiaries of the Company as of March 31, 2023 and 2024 mainly represent the payables resulting from technical and consulting services fee charged by the Group’s relevant PRC subsidiaries to the VIEs in accordance with exclusive consultation and service agreements.

	Year ended March 31,
	2022			2023			2024
	RMB			RMB			RMB
Third-party revenues		69,793			60,972			40,617
Inter-company revenues		31,816			26,785			13,145
Third-party costs and expenses		(187,958	)		(189,199	)		(92,427	)
Inter-company costs and expenses(3)		(15,779	)		(13,545	)		(10,954	)
Third-party other operating income		2,415			4,922			2,879
Inter-company other operating (loss)/income(4)		(197,698	)		17,650			5,500
Income from non-operations		12,750			9,874			5,952
Loss before income tax benefit		(284,661	)		(82,541	)		(35,288	)
Add: Income tax benefit		14,689			8,757			1,720
Net loss		(269,972	)		(73,784	)		(33,568	)

	Year ended March 31,
	2022			2023			2024
	RMB			RMB			RMB
Inter-company payment for service charges(5)		(40,409	)		(4,561	)		(7,625	)
Other operating activities with non-VIE subsidiaries(6)		131,050			114,322			41,036
Operating activities with external parties		(69,065	)		(26,610	)		(15,636	)
Net cash provided by operating activities		21,576			83,151			17,775
Net cash provided by/(used in) investing activities		28,143			(37,211	)		(108,068	)
Net increase/(decrease) in cash and cash equivalents and restricted cash		49,719			45,940			(90,293	)

Note 3: Inter-company costs and expenses are technical and consulting services fee charged by the Group’s relevant PRC subsidiaries to the VIEs in accordance with exclusive consultation and service agreements, all of which have been eliminated in the presentation of Consolidated Statements of Operations and Comprehensive Loss.

Note 4: Inter-company other operating (loss)/income represents the write-off of the amounts among the Group’s non-VIE subsidiaries and the VIEs, all of which have been eliminated in the presentation of Consolidated Statements of Operations and Comprehensive Loss.

Note 5: Inter-company payments for service charges represents the cash paid by the VIEs to the Group’s relevant PRC subsidiaries for technical and consulting services charges in accordance with exclusive consultation and service agreements, all of which have been eliminated in the presentation of Consolidated Statements of Cash flows.

Note 6: Other operating activities with non-VIE subsidiaries included cash receipts for treasury management purposes and service fees charged by the VIEs to the Group’s non-VIE subsidiaries,all of which have been eliminated in the presentation of Consolidated Statements of Cash flows.