FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Summary of assets measured at fair value on recurring basis


	Level 1⁽ⁱ⁾	Level 2⁽ⁱⁱ⁾	Level 3	Total
As of December 31, 2024
Short-term investments	48,187	24,313	—	72,500
As of December 31, 2023
Short-term investments	—	18,505	—	18,505

(i)

(i) Short-term investments represent mainly company securities, and the Company values these short-term investments based on unadjusted quoted prices from active markets of these securities at the end of each period, and accordingly, the Company classifies the valuation techniques that use these inputs as Level 1.

(ii)

These short-term investments represent mainly company securities and structured deposits, and the Company values these short-term investments based on quoted prices of similar products provided by banks at the end of each period, and accordingly, the Company classifies the valuation techniques that use these inputs as Level 2.