v3.24.1.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 418,941 $ 736,605
Restricted cash 7,873 2,392
Inventories 265,190 22,703
Total current assets 883,712 823,463
Non-current assets    
Restricted cash 321 536
Investment securities - related parties 3,326  
Property, equipment and software, net 354,617 253,471
Intangible assets 116,360 116,364
Operating lease right-of-use assets 173,103 158,724
Total non-current assets 700,966 548,489
Total assets 1,584,678 1,371,952
Current liabilities    
Shortterm borrowings - third parties 226,772 28,748
Exchangeable notes 378,638 355,320
Convertible notes 20,277  
Mandatorily redeemable noncontrolling interest (including mandatorily redeemable noncontrolling interest of VIEs without recourse to the Company of nil and US$11,381 as of December 31, 2023 and 2022, respectively)   11,381
Total current liabilities 1,757,281 932,879
Non-current liabilities    
Put option liabilities 11,884  
Exchangeable notes 75,678 71,792
Convertible notes 81,635 76,770
Deferred tax liabilities   126
Deferred income 270,097 258,450
Total non-current liabilities 654,569 523,679
Total liabilities 2,411,850 1,456,558
Commitments and contingencies (note 28)
MEZZANINE EQUITY    
Redeemable Convertible Preferred Stock Value 383,530 368,409
SHAREHOLDERS' EQUITY (DEFICIT)    
Ordinary shares (US$0.00001 par value per share, 5,000,000,000 shares authorized as of December 31, 2023 and 2022; 474,621,603 shares issued and outstanding as of December 31, 2023 and 2022) 21 21
Additional paid-in capital 358,187 403,103
Receivable from shareholders   (26,447)
Accumulated other comprehensive income 25,267 17,707
Accumulated deficit (1,588,773) (846,757)
Total shareholders' deficit attributable to ordinary shareholders (1,205,298) (452,373)
Noncontrolling interests (5,404) (642)
Total shareholders' deficit (1,210,702) (453,015)
Total liabilities, mezzanine equity and shareholders' deficit 1,584,678 1,371,952
Related party    
Current assets    
Accounts receivable 22,430 8,545
Prepayments and other current assets 28,744 8,732
Non-current assets    
Investment securities - related parties 3,326 8,411
Other non-current assets 2,706  
Current liabilities    
Accounts payable 340,419 5,770
Accrued expenses and other current liabilities 290,686 183,237
Non-current liabilities    
Operating lease liabilities 12,064 170
Other non-current liabilities 1,634 1,584
Nonrelated Party    
Current assets    
Accounts receivable 76,664 111
Prepayments and other current assets 63,870 44,375
Non-current assets    
Other non-current assets 50,533 10,983
Current liabilities    
Shortterm borrowings - third parties 226,772 28,748
Accounts payable 20,123 1,466
Contract liabilities - third parties 44,184 7,843
Operating lease liabilities - third parties (including operating lease liabilities - third parties of VIEs without recourse to the Company of nil and US$716 as of December 31, 2023 and 2022, respectively) 16,760 15,815
Accrued expenses and other current liabilities 419,422 323,299
Non-current liabilities    
Contract liabilities - third parties 6,245  
Operating lease liabilities 91,929 98,963
Other non-current liabilities 103,403 15,824
Series Pre-A Preferred Shares Preferred Shares    
MEZZANINE EQUITY    
Redeemable Convertible Preferred Stock Value 184,509 177,284
Series A Preferred Shares Preferred Shares    
MEZZANINE EQUITY    
Redeemable Convertible Preferred Stock Value $ 199,021 $ 191,125