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Share Based Compensation (Tables)
12 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Option Activities Under The Global Share Plan

The following table sets forth the summary of option activities under the Company’s Global Share Plan:

 

 

Number of
share options

 

 

Weighted
Average
Exercise Price

 

 

Weighted Average
Remaining
Contractual Life

 

 

Aggregate
Intrinsic
Value

 

 

 

 

 

(US$)

 

 

(In years)

 

 

(US$)

 

Outstanding as of March 31, 2021

 

 

13,442,848

 

 

 

0.12

 

 

 

3.27

 

 

 

371

 

Forfeited or cancelled (post-vesting)

 

 

(1,491,990

)

 

 

0.19

 

 

 

 

 

 

 

Outstanding as of March 31, 2022

 

 

11,950,858

 

 

 

0.11

 

 

 

1.74

 

 

 

 

Expired

 

 

(440,000

)

 

 

0.02

 

 

 

 

 

 

 

Forfeited or cancelled (post-vesting)

 

 

(68,000

)

 

 

0.23

 

 

 

 

 

 

 

Outstanding as of March 31, 2023

 

 

11,442,858

 

 

 

0.11

 

 

 

0.83

 

 

 

 

Expired

 

 

(6,875,185

)

 

 

0.03

 

 

 

 

 

 

 

Forfeited or cancelled (post-vesting)

 

 

(91,300

)

 

 

0.29

 

 

 

 

 

 

 

Outstanding as of March 31, 2024

 

 

4,476,373

 

 

 

0.23

 

 

 

0.22

 

 

 

 

Vested and expected to vest as of March 31, 2024

 

 

4,476,373

 

 

 

0.23

 

 

 

0.22

 

 

 

 

Exercisable as of March 31, 2024

 

 

4,476,373

 

 

 

0.23

 

 

 

0.22

 

 

 

 

Summary of Activities of the Service-Based RSUs

A summary of activities of the service-based RSUs for the years ended March 31, 2022, 2023 and 2024 is presented below:

 

 

Number of RSUs

 

 

Weighted-Average
Grant-Date Fair Value

 

 

 

 

 

US$

 

Unvested at March 31, 2021

 

 

70,773,100

 

 

 

0.13

 

Granted

 

 

3,559,000

 

 

 

0.07

 

Vested

 

 

(12,858,575

)

 

 

0.28

 

Forfeited

 

 

(29,584,475

)

 

 

0.09

 

Unvested at March 31, 2022

 

 

31,889,050

 

 

 

0.10

 

Granted

 

 

132,327,600

 

 

 

0.01

 

Vested

 

 

(81,298,225

)

 

 

0.04

 

Forfeited

 

 

(400,875

)

 

 

0.07

 

Unvested at March 31, 2023

 

 

82,517,550

 

 

 

0.01

 

Vested

 

 

(42,129,300

)

 

 

0.03

 

Forfeited

 

 

(186,000

)

 

 

0.04

 

Unvested at March 31, 2024

 

 

40,202,250

 

 

 

0.01