NON-CONTROLLING INTEREST |
12 Months Ended |
|---|---|
Dec. 31, 2023 | |
| NON-CONTROLLING INTEREST | |
| NON-CONTROLLING INTEREST | 22.NON-CONTROLLING INTEREST In May 2023, the Company incorporated Hangzhou Kingway Technology Co., Ltd. (“Kingway Technology”), in which the Company held 100% equity interest with total cash contribution of US$4,857. In September 2023, a related party ultimately controlled by the Controlling Shareholder of the Company and a third party made capital contributions of US$4,182 and US$278 to Kingway Technology, respectively. As a result, the Company’s equity interest in Kingway Technology decreased to 54.3% according to the Articles of Association of Kingway Technology. The Group recorded an increase in additional paid-in capital of US$968 due to the change of the Company’s its equity interest in Kingway Technology. |