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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] |
Estimated Useful Lives of Assets | Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets as follows:
- Computers | 3 to 5 years
- Office equipment, furniture and fittings | 3 to 10 years
- Leasehold improvements | Over the shorter of lease term or the estimated useful lives of the assets
- Transportation assets | 4 to 10 years
- Warehouse equipment | 3 to 10 years
- Land use right | Over the land use term
- Building | 6 to 20 years
Estimated Useful Lives of Finite Lived Intangible Assets | Intangible assets with finite useful lives are amortized over the estimated economic lives of the intangible assets as follows:
- Licensing fee | Over the shorter of licensing period or the estimated useful lives of the intangible assets
- IP right | 1 to 6 years
- Trademarks | 10 years
- Software | 3 to 6 years
- Customer relationships | 3 to 8 years

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