v3.26.1
Long-Term Investments, Net (Tables)
6 Months Ended
Jun. 30, 2026
Long-Term Investments, Net [Abstract]  
Schedule of Long-Term Investments, Net

Long-term investments, net consisted of the following:

 

    As of  
    Ownership
interest
    June 30,
2026
    Ownership
interest
    December 31,
2025
 
Marketable equity securities:                        
Investment C     0.00 %*   $ 2       0.00 %*   $ 1  
                                 
Non-marketable equity securities:                                
Investment A     9.98 %     6,017       9.98 %     6,191  
Investment B     3.30 %     252       3.30 %     254  
Investment D     4.30 %     10,407       4.30 %     10,733  
Investment E, related party     4.00 %     520       4.00 %     524  
Investment G     27.98 %           27.98 %      
Investment H     3.36 %     2,574       3.36 %     2,574  
Net carrying value           $ 19,772             $ 20,277  

 

* Less than 0.001%
Schedule of Movement of Non-Marketable Equity Securities

The following table presents the movement of non-marketable equity securities as of June 30, 2026 and December 31, 2025:

 

    As of  
    June 30,
2026
    December 31,
2025
 
Balance at beginning of period/year   $ 20,277     $ 25,455  
Adjustments:                
Downward adjustments           (7,086 )
Foreign exchange adjustment     (505 )     1,908  
Balance at end of period/year   $ 19,772     $ 20,277  
Schedule of Company’s Non-Marketable Equity Securities

Cumulative unrealized gains and losses, included in the carrying value of the Company’s non-marketable equity securities:

 

    As of  
    June 30,
2026
    December 31,
2025
 
Downward adjustments (including impairment)   $ (60,404 )   $ (60,404 )
Upward adjustments     6,209       6,209  
Total   $ (54,195 )   $ (54,195 )