XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

INVESTMENTS | 6 Months Ended
--- | ---
Jun. 30, 2021
INVESTMENTS [Abstract] |
INVESTMENTS |
5. | INVESTMENTS
The following table sets forth a breakdown of the categories of short-term and long-term investments held by the Company:
|  | As of |
|  | December 31, 2020 |  |  | June 30, 2021 |
|  |  | $ |  |  |  | $ |
Short-term investments |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
Held to maturity |  |  | 28,330 |  |  |  | 718,517 |
Available-for-sale |  |  | 21,769 |  |  |  | 168,091 |
Equity securities |  |  | 76,000 |  |  |  | 75,533 |
|  |  | 126,099 |  |  |  | 962,141 |
Long-term investments |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
Held to maturity |  |  | 68,854 |  |  |  | 67,463 |
Available-for-sale |  |  | 5,276 |  |  |  | 45,385 |
Equity securities |  |  | 21,419 |  |  |  | 42,684 |
Equity method investments |  |  | 94,933 |  |  |  | 108,848 |
Investments carried at fair value |  |  | – |  |  |  | 21,992 |
|  |  | 190,482 |  |  |  | 286,372 |
Held to maturity investments includes time deposits placed with financial institutions, medium-term notes and sovereign bonds. Available-for-sale securities includes sovereign bonds, exchangeable loan, convertible loan and corporate bonds. Short-term equity securities represent investment in marketable equity securities and warrant. The unrealized fair value loss of nil and $21,118 related to the marketable equity securities had been recognized in the consolidated statements of operations as "Investment gain (loss), net" during the six months ended June 30, 2020 and 2021, respectively. Investments carried at fair value represents unquoted equity securities which are accounted for in accordance with ASC 946 Financial Services—Investment Companies. The following table summarizes the cost or amortized cost, gross unrecognized gains and losses, gross unrealized gains and losses, and fair value of the Company’s debt securities and investments carried at fair value as of December 31, 2020 and June 30, 2021 are shown as below:
|  | As of December 31, 2020 |
|  | Cost or Amortized cost |  |  | Gross unrecognized gains |  |  | Gross unrecognized losses |  |  | Gross unrealized gains |  |  | Gross unrealized losses |  |  | Fair value |
|  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held to maturity |  |  | 28,330 |  |  |  | – |  |  |  | (1 | ) |  |  | – |  |  |  | – |  |  |  | 28,329 |
Available-for-sale |  |  | 20,859 |  |  |  | – |  |  |  | – |  |  |  | 910 |  |  |  | – |  |  |  | 21,769 |
Long-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held to maturity |  |  | 68,854 |  |  |  | 3,197 |  |  |  | (23 | ) |  |  | – |  |  |  | – |  |  |  | 72,028 |
Available-for-sale |  |  | 5,174 |  |  |  | – |  |  |  | – |  |  |  | 102 |  |  |  | – |  |  |  | 5,276 |
|  |  | 123,217 |  |  |  | 3,197 |  |  |  | (24 | ) |  |  | 1,012 |  |  |  | – |  |  |  | 127,402 |
|  | As of June 30, 2021 |
|  | Cost or Amortized cost |  |  | Gross unrecognized gains |  |  | Gross unrecognized losses |  |  | Gross unrealized gains |  |  | Gross unrealized losses |  |  | Fair value |
|  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held to maturity |  |  | 718,517 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 718,517 |
Available-for-sale |  |  | 170,872 |  |  |  | – |  |  |  | – |  |  |  | 77 |  |  |  | (2,858 | ) |  |  | 168,091 |
Long-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held to maturity |  |  | 67,463 |  |  |  | 2,123 |  |  |  | (495 | ) |  |  | – |  |  |  | – |  |  |  | 69,091 |
Available-for-sale |  |  | 45,003 |  |  |  | – |  |  |  | – |  |  |  | 426 |  |  |  | (44 | ) |  |  | 45,385 |
Investments carried at fair value |  |  | 21,992 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 21,992 |
|  |  | 1,023,847 |  |  |  | 2,123 |  |  |  | (495 | ) |  |  | 503 |  |  |  | (2,902 | ) |  |  | 1,023,076 |

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

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration