v3.26.1
INVENTORIES
12 Months Ended
Dec. 31, 2025
INVENTORIES  
INVENTORIES

4.

INVENTORIES

Inventories consisted of the following:

  ​ ​ ​

As of December 31, 

2025

  ​ ​ ​

2024

US$

US$

Products available for sale

 

112,235

 

179,905

Goods in transit

7,589

7,763

Raw materials

1,506

828

Work-in-progress

 

31

 

86

Total

 

121,361

 

188,582

Inventories write-downs recognized in cost of revenues for the years ended December 31, 2025, 2024 and 2023 were US$8,752, US$25,902 and US$1,668, respectively.

Inventories of nil and US$1,243 were pledged for other short-term financing arrangements (Note 10) as of December 31, 2025 and 2024, respectively.