CASH, CASH EQUIVALENTS AND TIME DEPOSITS |
6 Months Ended | |||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||
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| CASH, CASH EQUIVALENTS AND TIME DEPOSITS | 18CASH, CASH EQUIVALENTS AND TIME DEPOSITS
RMB is not a freely convertible currency and the remittance of funds out of the PRC is subject to the exchange restrictions imposed by the PRC government. The Group’s time deposits are denominated in USD or RMB and are deposited with banks and other financial institutions in Chinese Mainland and overseas.
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