v3.26.1
CONCENTRATIONS AND RISKS (Tables)
12 Months Ended
Dec. 31, 2025
Risks and Uncertainties [Abstract]  
Schedule of total revenue
            
   For the years ended
December 31,
 
   2023   2024   2025 
   US$’000   US$’000   US$’000 
Customer A   19,326    N/A(i)    N/A(i) 
Customer B   N/A(i)    N/A(i)    35,522 
Customer C   N/A(i)    27,560    39,969 

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(i) Revenue from the relevant customer was less than 10% of the Company’s total revenue for the respective year.
Schedule of total accounts receivable
        
   As of
December 31,
 
   2024   2025 
   US$’000   US$’000 
Customer B   N/A(ii)    1,808 
Customer C   N/A(ii)    1,574 
Customer D   2,204    N/A(ii) 

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(ii) Accounts receivable from relevant customers was less than 10% of the Company’s total gross accounts receivable for the respective year.
Schedule of total purchases
            
   For the years ended
December 31,
 
   2023   2024   2025 
   US$’000   US$’000   US$’000 
Supplier A   20,470    13,241    20,434 
Supplier B   21,433    N/A(iii)    N/A(iii) 
Supplier C   19,430    N/A(iii)    N/A(iii) 
Supplier D   N/A(iii)    22,321    N/A(iii) 
Supplier E   N/A(iii)    14,167    44,971 
Supplier F   N/A(iii)    N/A(iii)    29,260 

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(iii) Purchase from relevant suppliers was less than 10% of the Company’s total purchase for the respective year.
Schedule of total accounts payable
        
   As of December 31, 
   2024   2025 
   US$’000   US$’000 
Supplier D   3,370    N/A(iv) 
Supplier E   1,726    2,466 
Supplier F   N/A(iv)    1,866 

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(iv) Accounts payable from relevant suppliers was less than 10% of the Company’s total accounts payable for the respective year.