XML 20 R10.htm IDEA: XBRL DOCUMENT
v3.21.2

ACQUISITIONS | 6 Months Ended
--- | ---
Jun. 30, 2021
ACQUISITIONS [Abstract] |
ACQUISITIONS |
3. | ACQUISITIONS
During the six months ended June 30, 2021, the Company acquired three companies and its underlying subsidiaries for an aggregate consideration of $282,639. As a result, these companies were consolidated as subsidiaries of the Company from the date of acquisition. These acquisitions support the growth of the Company. The allocation of the purchase price as of the date of acquisition is summarized as follows:
|  | $_ |
Cash and cash equivalent |  |  | 42,294 |
Others |  |  | 5,219 |
Total assets acquired |  |  | 47,513 |
Income tax payable |  |  | (25,682 | )
Others |  |  | (1,976 | )
Total liabilities assumed |  |  | (27,658 | )
Net assets acquired |  |  | 19,855 |
Fulfilled by: |  |  |  |
Share consideration(1) |  |  | 252,960 |
Cash consideration |  |  | 29,679 |
Goodwill |  |  | 262,784 |
| (1) | Measured based on the fair value of the Company's ordinary shares on the date of acquisition.
The goodwill, which is not tax deductible, is mainly attributable to synergies expected to be achieved from the acquisition. The goodwill is allocated within the Digital Entertainment, Digital Financial Services and Other services segments. The revenue and results since the acquisition date included in the consolidated statement of comprehensive loss for the period ended June 30, 2021 were insignificant. The Company’s revenue and results for the period would not be materially different should the acquisition has otherwise occurred on January 1, 2021. The related transaction costs of the acquisition were not material to the Company’s consolidated financial statements.

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_MergersAcquisitionsAndDispositionsDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration