Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 45,673 $ 285,668
Short-term investments 382,039 469,636
Accounts receivable, net [1] 32,803 32,619
Prepayments and other current assets 7,326 8,801
Contract assets 634 962
Held-for-sale assets 17,004 0
Total current assets 485,479 797,686
Non-current assets:    
Property and equipment, net 12,946 19,194
Operating lease right-of-use assets 2,344 7,436
Intangible assets 2,727 6,697
Goodwill 31,928 56,142
Long-term investments 94,159 53,925
Prepayment for land use right 168,244 0
Other non-current assets 2,888 3,919
Total non-current assets 315,236 147,313
Total assets 800,715 944,999
Current liabilities:    
Accounts payable 10,103 5,309
Advances from customers 8,352 9,068
Taxes payable 1,867 2,435
Current operating lease liabilities 1,932 3,957
Accrued expenses and other current liabilities 47,011 53,034
Held-for-sale liabilities 2,388 0
Total current liabilities 71,653 73,803
Non-current liabilities:    
Long term payable 55 495
Long-term operating lease liabilities 340 3,452
Deferred tax liabilities 407 988
Total non-current liabilities 802 4,935
Total liabilities 72,455 78,738
Commitments and contingencies (Note 22)
Shareholders' equity    
Additional paid-in-capital 1,134,704 1,099,369
Treasury shares at cost (41,815) 0
Accumulated other comprehensive (loss) income (7,994) 3,149
Accumulated deficit (356,682) (236,302)
Total shareholders' equity 728,260 866,261
Total liabilities, and shareholders' equity 800,715 944,999
Common Class A    
Shareholders' equity    
Ordinary shares 39 37
Common Class B    
Shareholders' equity    
Ordinary shares $ 8 $ 8
[1] The allowance for current expected credit losses reflects the Company’s estimated probable incurred losses upon adoption of ASC 326. See Note 2(j) for the Company’s CECL policy.