v3.26.1
Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Schedule of Significant Related Party Transactions
The Company entered into the following significant related party transactions during the periods presented:
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
(in thousands of USD)(in thousands of USD)
Revenue generated$24,551 $18,278 $42,794 $35,991 
Cost of revenue incurred28,259 28,399 55,330 56,530 
Marketing expenses incurred (cost reimbursed)613 (2,870)(1,116)(5,451)
General and administrative expenses incurred8,031 7,023 15,848 13,936 
Other income, net384 424 792 835 
*all expenses are net amounts including reimbursement from its related parties
Schedule of Significant Balances Due From and Due To Related Parties
The Company had the following significant balances due from and due to related parties as of June 30, 2026, and December 31, 2025:
As of
June 30, 2026December 31, 2025
(in thousands of USD)
Due from related parties
Receivables$59,283 $55,156 
Other current assets$4,881 $4,730 
Other non-current assets$7,029 $5,496 
Loan receivables$26,500 $28,417 
Due to related parties
Current portion of operating lease liabilities$4,866 $5,221 
Operating lease liabilities$2,714 $5,371 
Accounts payable$20,010 $18,765 
Accrued expenses$5,898 $6,849