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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