v3.26.3
Short-Term Investments
 6 Months Ended
Jun. 30, 2026
Short-Term Investments [Abstract]  
SHORT-TERM INVESTMENTS
8. SHORT-TERM INVESTMENTS

 

The following table sets forth a breakdown of the categories of short-term investments held by the Group:

 

    At
June 30,		     At
December 31,		  
In thousands of USD   2026     2025  
Debt securities:            
Available-for-sale     2,196       4,100  
Equity securities:                
Equity securities with readily determinable fair values     1,832       876  

 

Short-term investments as of June 30, 2026 and December 31, 2025 are shown as below:

 

    At June 30, 2026  
    Cost or     Allowance     Gross     Gross        
    amortized     for credit     unrealized     unrealized     Fair  
In thousands of USD   cost     losses     gains     losses     value  
Short-term investments                              
Available-for-sale debt investments                              
Investment G - money market funds     200       -       -       -       200  
Investment H - corporate bonds     3,000       (1,004 )     -       -       1,996  
      3,200       (1,004 )     -       -       2,196  
Equity securities with readily determinable fair values                                        
Investment J     500       -       1,244       -       1,744  
Investment L     1,000       -       -       (912 )     88  
      1,500       -       1,244       (912 )     1,832  
Short-term investments     4,700       (1,004 )     1,244       (912 )     4,028  

 

The allowance for credit losses on Investment H of US$1.0 million was recognized in net income during the six months ended June 30, 2026. No portion of the decline in fair value of Investment H was recognized in other comprehensive income.

 

    At December 31, 2025  
    Cost or     Gross     Gross        
    amortized     unrealized     unrealized     Fair  
In thousands of USD   cost     gains     losses     value  
Short-term investments                        
Available-for-sale debt investments                        
Investment G - money market funds     1,100       -       -       1,100  
Investment H - corporate bonds     3,000       -       -       3,000  
      4,100       -       -       4,100  
Equity securities with readily determinable fair values                                
Investment J     500       63       -       563  
Investment L     1,000       -       (687 )     313  
      1,500       63       (687 )     876  
Short-term investments     5,600       63       (687 )     4,976  

 

The following table summarizes the estimated fair value of available-for-sale debt investments, classified by the contractual maturity date of the investments.

 

    At
June 30,		     At
December 31,		  
In thousands of USD   2026     2025  
Due in 1 year     2,196       4,100  

 

As of June 30, 2026 and December 31, 2025, the Group had accrued interest on its available-for-sale debt investments of US$0.5 million and US$0.4 million, respectively, recognized within prepayments and other current assets.

 

Investment in a fund using the NAV practical expedient

 

As a practical expedient, the Group uses net asset value (“NAV”) as the fair value for Investment G.