v3.26.1
Certain risks and concentration - Schedule of Consolidated Financial Information of Group's VIEs and VIE's Subsidiary Excluding Inter Company Items With Group's Subsidiaries Included in Accompanying Consolidated Financial Statements (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets      
Cash and cash equivalents $ 374,248 $ 444,761  
Restricted cash and cash equivalents 21,593 371,332  
Short-term deposits 192,535 1,061,011  
Restricted short-term deposits 7,182 20,722  
Short-term investments 613,702 288,589  
Accounts receivable, net 154,439 121,861  
Amounts due from 106 467  
Prepayments and other current assets 255,566 247,538  
Total current assets 1,619,371 2,556,281  
Non-current assets      
Investments 551,802 530,685  
Long-term deposits and held-to-maturity investments 2,059,386 1,124,308  
Property and equipment, net 565,124 499,723  
Land use rights, net 301,390 303,115  
Intangible assets, net 221,963 277,257  
Right of use asset, net 21,241 20,457  
Other non-current assets 8,071 19,084  
Total non-current assets 5,933,117 4,971,516  
Total assets 7,552,488 7,527,797  
Current liabilities      
Accounts payable 71,551 84,015  
Deferred revenue 61,713 66,813  
Advances from customers 5,408 4,031  
Income taxes payable 64,533 78,304  
Accrued liabilities and other current liabilities 626,678 2,393,923  
Amounts due to related parties 24,472 1,378  
Lease liabilities due within one year 8,939 10,775  
Short-term loans 10,672 34,853  
Total current liabilities 873,966 2,674,092  
Non-current liabilities      
Lease liabilities 12,029 9,948  
Deferred revenue 9,522 12,635  
Deferred tax liabilities 54,941 47,631  
Total non-current liabilities 76,492 70,214  
Total liabilities 950,458 2,744,306  
Total cost and operating expenses (1,361,616) (1,431,585) $ (1,454,842)
Other items of the consolidated statements of comprehensive income (208,093) (247,615)  
Net income from continuing operations 221,127 (147,624) 347,351
Net cash provided by (used in) operating activities 302,325 308,657 295,579
Net cash (used in) by provided by investing activities (456,097) (210,249) 420,373
Net cash used in financing activities (288,315) (707,831) (841,745)
Variable interest entity      
Current assets      
Cash and cash equivalents 37,127 74,242  
Restricted cash and cash equivalents 437 3,620  
Short-term deposits 92,221 301,784  
Restricted short-term deposits 5,946    
Short-term investments 5,566    
Accounts receivable, net 18,639 11,123  
Prepayments and other current assets 70,282 91,610  
Total current assets 914,764 1,070,512  
Non-current assets      
Investments 466,063 414,921  
Long-term deposits and held-to-maturity investments 135,870 73,034  
Property and equipment, net 468,710 388,178  
Land use rights, net 301,390 303,115  
Intangible assets, net 24,773 31,913  
Right of use asset, net 1,982 3,644  
Other non-current assets 1,896 11,594  
Total non-current assets 1,400,684 1,226,399  
Total assets 2,315,448 2,296,911  
Current liabilities      
Accounts payable 61,976 67,829  
Deferred revenue 8,151 7,637  
Advances from customers 18 39  
Income taxes payable 5,814 9,986  
Accrued liabilities and other current liabilities 46,119 64,427  
Lease liabilities due within one year 1,438 2,070  
Short-term loans 10,672 34,853  
Total current liabilities 310,801 392,620  
Non-current liabilities      
Lease liabilities 602 1,693  
Deferred revenue 3,341 3,067  
Deferred tax liabilities 11,745 9,499  
Total non-current liabilities 15,688 14,259  
Total liabilities 326,489 406,879  
Total cost and operating expenses (249,501) (289,962) (354,306)
Other items of the consolidated statements of comprehensive income 64,149 23,645 21,589
Net income from continuing operations 62,158 11,238 22,968
Net cash provided by (used in) operating activities (5,267) 9,863 27,077
Net cash (used in) by provided by investing activities (52,120) 81,314 (211,471)
Net cash used in financing activities (8,489) (76,365) (2,314)
Variable interest entity | Group companies      
Current assets      
Amounts due from 684,537 587,774  
Current liabilities      
Amounts due to related parties 172,822 202,264  
Variable interest entity | Related Party      
Current assets      
Amounts due from 9 359  
Current liabilities      
Amounts due to related parties 3,791 3,515  
Group companies      
Non-current liabilities      
Net revenues 62,433 56,762 54,280
Net cash provided by (used in) operating activities (18,860) 36,974 (31,888)
Net cash (used in) by provided by investing activities (54,389) 177,941 (129,111)
Net cash used in financing activities (4,179) 3,950 517
Third parities      
Non-current liabilities      
Net revenues 185,077 220,793 301,405
Net cash provided by (used in) operating activities 13,593 (27,111) 58,965
Net cash (used in) by provided by investing activities 2,269 (96,627) (82,360)
Net cash used in financing activities $ (4,310) $ (80,315) $ (2,831)