v3.26.1
Property, Software and Equipment, Net (Tables)
3 Months Ended
Mar. 31, 2026
Property, Software and Equipment, Net [Abstract]  
Schedule of Property, Software and Equipment, Net

Property, software and equipment, net, consisted of the following:

 

   As of
December 31,
   As of
March 31,
 
   2025   2026 
   (Audited)   (Unaudited) 
Cost        
Computer software(1)  $32,812   $33,264 
Electronic equipment   14,061    14,273 
Vehicles   827    838 
Building   721    731 
Office equipment and furniture   210    213 
Leasehold improvements   120    116 
Total   48,751    49,435 
Less: accumulated depreciation   (24,556)   (25,972)
Property, software and equipment, net  $24,195   $23,463 

 

(1) In 2022, a hybrid cloud platform developed with the assistance of a third-party cloud service provider was partially substantially ready for use and transferred from other non-current assets, and certain components of the platform have not yet reached feasibility and remain under development as of March 31, 2026. The cost of the hybrid cloud platform represents the purchase price of the platform and other expenditures incurred to bring the platform into its intended use. The application of the hybrid cloud platform was to improve the IT development capabilities of internal-used software platforms that provide auto eInsurance service and auto service to customers, as well as Software-As-A-Service (“SaaS”) products offered to business partners as part of our technology services.