Artificial intelligence platform under construction(2)
-
7,540
Construction in progress
$
-
$
27,696
(1)
Construction in progress primarily consisted of other cloud infrastructure under construction, which was not available for use as of June 30, 2026 and expected to be completed by the end of 2026.
(2)
On April 10, 2025, Shengda Automobile entered an agreement to purchase an artificial intelligence platform, which is expected to be completed in April 2027, with totaling price of RMB225 million (approximately $32.6 million). The Group has paid RMB51.2 million (approximately $7.5 million) as of June 30, 2026.