ACCOUNTS RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2023

ACCOUNTS RECEIVABLE

Schedule of accounts Receivable


		As of December 31,
		2022		2023
		US$		US$

Accounts receivable		65,311		38,243
Allowance for credit losses		(33,864)		(15,991)
Accounts receivable, net		31,447		22,252

Schedule of movements in the allowance for credit losses


		Year Ended
		December 31,
		2021		2022		2023
		US$		US$		US$
Movement in allowance for credit losses
Balance at beginning of year		40,144		52,831		33,864
Additional provision		41,350		43,285		1,183
Write-offs		(30,103)		(56,276)		(18,393)
Foreign currency translation adjustments		1,440		(5,976)		(663)
Balance at end of year		52,831		33,864		15,991

Schedule of ageing analysis of accounts receivable


		As of December 31,
		2022		2023
		US$		US$
- Within 3 months		21,464		18,501
- 3 months to 6 months		6,203		4,233
- 6 months to 12 months		9,554		5,399
- Over 1 year		28,090		10,110
Accounts receivable		65,311		38,243
Less: allowance for credit losses		(33,864)		(15,991)
Accounts receivable, net		31,447		22,252