v3.26.1
Related Party Transactions - Schedule of Significant Related Party Transactions (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Mr. Benjamin Zhai [Member]      
Related Party Transaction [Line Items]      
Loan proceeds from related parties [1] $ 94  
Amounts due to related parties, current: [2] 260   $ 450
Mr. Alan Nan Wu [Member]      
Related Party Transaction [Line Items]      
Loan proceeds from related parties [2] 163 622  
Amounts due to related parties, current: [1] 618   714
Mr. Benjamin Zhai [Member]      
Related Party Transaction [Line Items]      
Repayments to related parties [1] 190  
Mr. Alan Nan Wu [Member]      
Related Party Transaction [Line Items]      
Repayments to related parties [2] 259 27  
Mr. Chenxuan Zhao [Member]      
Related Party Transaction [Line Items]      
Loan to a related party [3] 255  
Yunmi [Member]      
Related Party Transaction [Line Items]      
Share-based compensation 4,338  
Mr. Chenxuan Zhao [Member]      
Related Party Transaction [Line Items]      
Amounts due from a related party: 259  
Related Party [Member]      
Related Party Transaction [Line Items]      
Amounts due from a related party: 259  
Amounts due to related parties, current: $ 878   $ 1,164
[1] On April 16, 2025, the Group entered into a loan agreement with Mr. Benjamin Zhai, pursuant to provide a loan in the principal amount of US$0.3 million. The loan has a term of 12 months from the date the funds are received by the Group. Under the terms of the agreement, the Company is required to repay a total amount of US$0.5 million upon maturity, representing principal of US$0.3 million and total interest of US$0.2 million. The effective annual interest rate is approximately 50%. Of the total loan proceeds, approximately US$0.1 million was remitted directly to the Group, and the remaining US$0.2 million was paid by Mr. Benjamin Zhai on behalf of the Group to settle audit service fees. For the six months ended June 30, 2026, the Group repaid US$0.2 million to Mr. Benjamin Zhai. As of June 30, 2026, the outstanding balance payable to Mr. Benjamin Zhai was US$0.3 million.
[2] In 2022, My Car (Shenzhen) Technology Co, Ltd. (“My Car”, a prior related party of the Group before June 26, 2023) paid loan and expenses on behalf of the Group totaled US$5.5 million, which were interest-free and repayable on demand, and the Group repaid US$5.8 million. The Group provided loan to My Car of US$1.5 million which was transferred to Mr. Nan Wu from My Car. Subsequently, Mr. Nan Wu paid loan and expenses on behalf of the Group totaled US$3.8 million, net off the expenses the Group paid for Mr. Nan Wu. Mr. Nan Wu also provided interest-free loans of US$2.9 million to the Group for ordinary operations in 2022, which was repayable on demand. In 2024, the Group made repayments to Mr. Nan Wu of US$0.5 million. In 2025, the Group received interest-free loans of US$1.0 million from Mr. Nan Wu and made repayments of US$0.2 million. Following the disposal of ICONIQ, the Group still had an outstanding balance of US$0.6 million due to Mr. Alan Nan Wu as of June 30, 2026. During the six months ended June 30, 2026, the Group borrowed US$0.2 million from Mr. Alan Nan Wu and made repayments of US$0.3 million to him.
[3] The Group provided loans to Mr. Chenxuan Zhao for use as working funds to support the Group’s daily operations, which were interest-free and repayable on demand.