v3.26.3
EXCHANGEABLE NOTES (Tables)
6 Months Ended
Jun. 30, 2026
Exchangeable notes  
EXCHANGEABLE NOTES  
Schedule of exchangeable notes

  ​ ​ ​

Lightning

  ​ ​ ​

  ​ ​ ​

Speed

Kingway

Exchangeable

Exchangeable

Notes

Notes

Total

US$

US$

US$

Balance as of December 31, 2025

 

73,046

55,806

128,852

Changes in fair values of exchangeable notes, excluding impact of instrument-specific credit risk

2,852

1,189

4,041

Changes in fair values of exchangeable notes due to the instrument-specific credit risk

(3,606)

(1,994)

(5,600)

Settlement of exchangeable notes

(74,628)

(56,780)

(131,408)

Foreign currency translation adjustment

2,336

1,779

4,115

Balance as of June 30, 2026

Kingway Exchangeable Note  
EXCHANGEABLE NOTES  
Schedule of assumptions used in determination of fair value of Exchangeable Notes

  ​ ​ ​

As of the settlement date

Lightning Speed

  ​ ​ ​

Kingway

Exchangeable

Exchangeable

Notes

Notes

Risk‑free interest rates

 

1.06%-1.18

%

1.31%-1.35

%

Probability of conversion

 

50

%

75

%

Bond yield

 

21.44

%

19.65%-20.96

%