v3.26.1
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Compensation Expenses Recognized for Share-based Compensation Granted

Compensation expenses recognized for share-based compensation granted by the Company were as follows:

 

 

For the Years Ended December 31,

 

 

2023

 

 

2024

 

 

2025

 

 

 

USD

 

 

USD

 

 

USD

 

Cost of revenues

 

 

 

 

 

548,762

 

 

 

27,932

 

Selling and marketing expenses

 

 

 

 

 

1,767,234

 

 

 

255,325

 

Research and development expenses

 

 

 

 

 

2,308,520

 

 

 

353,116

 

General and administrative expenses

 

 

7,456,800

 

 

 

2,406,330

 

 

 

20,305,851

 

Total

 

 

7,456,800

 

 

 

7,030,846

 

 

 

20,942,224

 

2023 Share Incentive Plan II  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Restricted Shares Units Granted

The following table summarizes activities of the Company’s restricted shares units granted under the 2023 Plan II:

 

 

Number of
ADS
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value (Per ADS)

 

 

 

 

USD

Unvested as of December 31, 2023

 

 

 

 

Granted

 

 

4,299,891

 

 

2.04

Vested

 

 

(3,084,129

)

 

2.04

Unvested as of December 31, 2024

 

 

1,215,762

 

 

2.04

Granted

 

 

4,387,992

 

 

1.26

Vested

 

 

(4,325,402

)

 

1.36

Forfeited

 

 

(113,785

)

 

2.04

Unvested as of December 31, 2025

 

 

1,164,567

 

 

1.62

 

2025 Share Incentive Plan  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Restricted Shares Units Granted

The following table summarizes activities of the Company’s restricted shares units granted under the 2025 Plan:

 

 

Number of
ADS
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value (Per ADS)

 

 

 

 

USD

Unvested as of December 31, 2024

 

 

 

Granted

 

 

11,129,973

 

 

1.33

Vested

 

 

(11,129,973

)

 

1.33

Unvested as of December 31, 2025