v3.26.1
EXCHANGEABLE NOTES (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
EXCHANGEABLE NOTES      
Balance as of beginning $ 102,999 $ 454,316 $ 427,112
Issuance of exchangeable notes 27,842 28,541 27,883
Changes in fair values of exchangeable notes, excluding impact of instrument-specific credit risk 751 (7,985) 4,448
Changes in fair values of exchangeable notes due to the instrument- specific credit risk (5,598) (2,901) 1,670
Settlements   (365,994)  
Foreign currency translation adjustment 2,858 (2,978) (6,797)
Balance as of ending 128,852 102,999 454,316
- Non-current portion 128,852    
WFOE Exchangeable Notes      
EXCHANGEABLE NOTES      
Balance as of beginning   378,638 355,320
Issuance of exchangeable notes     27,883
Changes in fair values of exchangeable notes, excluding impact of instrument-specific credit risk   (11,509) 737
Changes in fair values of exchangeable notes due to the instrument- specific credit risk     272
Settlements   (365,994)  
Foreign currency translation adjustment   (1,135) (5,574)
Balance as of ending     378,638
Lightning Speed Exchangeable Notes      
EXCHANGEABLE NOTES      
Balance as of beginning 75,164 75,678 71,792
Changes in fair values of exchangeable notes, excluding impact of instrument-specific credit risk 826 2,606 3,711
Changes in fair values of exchangeable notes due to the instrument- specific credit risk (4,584) (1,996) 1,398
Foreign currency translation adjustment 1,640 (1,124) (1,223)
Balance as of ending 73,046 75,164 $ 75,678
- Non-current portion 73,046    
Kingway Exchangeable Note      
EXCHANGEABLE NOTES      
Balance as of beginning 27,835    
Issuance of exchangeable notes 27,842 28,541  
Changes in fair values of exchangeable notes, excluding impact of instrument-specific credit risk (75) 918  
Changes in fair values of exchangeable notes due to the instrument- specific credit risk (1,014) (905)  
Foreign currency translation adjustment 1,218 (719)  
Balance as of ending 55,806 $ 27,835  
- Non-current portion $ 55,806