v3.25.3
ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)
9 Months Ended
Sep. 30, 2025
ORGANIZATION AND PRINCIPAL ACTIVITIES  
Schedule of major subsidiaries, VIE and VIE's subsidiaries

As of September 30, 2025, Moatable, Inc.’s major subsidiaries, VIE and VIE’s subsidiaries are as follows:

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​

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Later of date

​

​

​

Percentage of

​

​

​

​

of incorporation

​

Place of

​

legal ownership

​

Principal

Name of Subsidiaries

   

or acquisition

   

incorporation

   

by Moatable, Inc.

   

activities

Subsidiaries:

 

  

 

  

 

  

 

  

Lofty, Inc.(“Lofty”)

​

September 7, 2012

 

Delaware, USA

 

76.4

%  

SaaS business

Trucker Path, Inc. (“Trucker Path”)

​

December 28, 2017

 

Delaware, USA

 

76.1

%  

SaaS business

Renren Giantly Philippines Inc.

​

March, 2018

 

Philippines

 

100

%  

SaaS business

Qianxiang Shiji Technology Development (Beijing) Co., Ltd. (“Qianxiang Shiji”)

​

March 21, 2005

 

PRC

 

100

%  

Investment holding

The Letting Partnership Ltd (“TLP”)

​

August 30,2024

​

England and Wales, UK

​

76.4

%  

Real estate accounting business

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​

​

 

​

 

​

​

​

Variable Interest Entity:

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​

 

​

 

​

​

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Beijing Qianxiang Tiancheng Technology Development Co., Ltd. (“Qianxiang Tiancheng”)

​

October 28, 2002

 

PRC

 

N/A

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Internet business

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​

​

 

​

 

​

​

​

Subsidiaries of Variable Interest Entity:

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​

 

​

 

​

​

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Beijing Qianxiang Wangjing Technology Development Co., Ltd. (“Qianxiang Wangjing”)

​

November 11, 2008

 

PRC

 

N/A

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Internet business

Schedule of condensed consolidated financial information

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As of December 31, 

​

As of September 30, 

​

    

2024

    

2025

Total assets

​

$

4,774

​

$

3,192

Total liabilities

​

$

4,617

​

$

4,224

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the three months ended September 30, 

​

For the nine months ended September 30, 

​

    

2024

    

2025

    

2024

    

2025

Revenues

​

$

21

​

$

15

​

$

62

​

$

51

Net loss

​

$

(1,698)

​

$

(2,523)

​

$

(8,808)

​

$

(9,392)

​

​

​

​

​

​

​

​

​

​

For the nine months ended September 30, 

​

    

2024

    

2025

Net cash provided by (used in) operating activities

​

$

345

​

$

(834)

Net cash used in investing activities

​

$

(18)

​

$

(165)

Net cash used in financing activities

​

$

—

​

$

—

​