Investments (Tables)

12 Months Ended

Mar. 31, 2024

Summary of Long Term Investments

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

	As of March 31,
	2023		2024
	RMB		RMB
Available-for-sale debt securities
iSNOB		24,656		26,021
Juesekuangxiang		—		6,875
Jimi		—		5,459
Others		9,712		8,427
		34,368		46,782
Equity method investments
Jiaxing Neixiangyoupan Equity investment Fund Partnership    (limited partnership) (“Neixiangyoupan”)		31,745		29,387
Others		3,205		5,639
		34,950		35,026
Total		69,318		81,808

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, 2023 and 2024:

	As of March 31,
	2023		2024
	RMB		RMB
Cost		16,786		25,120
Unrealized gains, including foreign exchange adjustment		17,582		21,662
Fair Value		34,368		46,782