v3.25.2
EXCHANGEABLE NOTES (Tables)
6 Months Ended
Jun. 30, 2025
EXCHANGEABLE NOTES  
Schedule of assumptions used in determination of fair value of Exchangeable Notes

    

As of June 30, 2025

 

Lightning Speed

    

Kingway

Exchangeable Notes

Exchangeable Notes

Risk-free interest rates

 

1.34%~1.35

%

1.32%~1.50

%

Probability of conversion

 

75

%

75

%

Bond yield

 

14.15

%

13.61%~14.71

%

Exchangeable notes  
EXCHANGEABLE NOTES  
Schedule of exchangeable notes

    

Lightning

    

Speed

Kingway

Exchangeable

Exchangeable

Notes

    

Notes

Total

US$

US$

US$

Balance as of December 31, 2024

 

75,164

27,835

 

102,999

Issuance of exchangeable notes

27,842

27,842

Changes in fair values of exchangeable notes, excluding impact of instrument-specific credit risk

733

(387)

346

Changes in fair values of exchangeable notes due to the instrument-specific credit risk

(3,246)

(2,596)

(5,842)

Foreign currency translation adjustment

305

203

508

Balance as of June 30, 2025

72,956

52,897

125,853

Including:

– Current portion

– Non-current portion

72,956

52,897

125,853