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INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2023
INVESTMENTS [Abstract]  
Short-term and Long-term 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,
 
   
2022
   
2023
 
    $
    $
 
Short-term investments
               
Debt securities:
               
   Held-to-maturity
   
557,249
     
1,731,154
 
   Available-for-sale
   
304,453
     
792,908
 
Equity securities
   
2,556
     
23,582
 
     
864,258
     
2,547,644
 
                 
Long-term investments
               
Debt securities:
               
   Held-to-maturity
   
64,790
     
49,726
 
   Available-for-sale
   
292,724
     
3,405,098
 
Equity securities
   
521,742
     
612,729
 
Equity method investments
   
196,104
     
195,009
 
Investments carried at fair value
   
178,233
     
 
     
1,253,593
     
4,262,562
 
Impairment Losses Included in Net Investment Loss
Impairment losses are included in net investment loss in the consolidated statements of operations:


    Years ended December 31,
 
   
2021
   
2022
    2023  
    $
    $
    $
 
                         
Impairment losses
                       
Non-marketable equity securities
         
104,645
      86,076  
Equity method investments
          4,201       10,608  
Debt Securities and Investments Carried at Fair Value

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, 2022 and 2023:


   
As of December 31, 2022
 
   
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
   
557,249
     
4
     
(2
)
   
     
     
557,251
 
   Available-for-sale
   
304,649
     
     
     
26
     
(222
)
   
304,453
 
                                                 
Long-term investments
                                               
Debt securities:
                                               
   Held-to-maturity
   
64,790
     
551
     
(756
)
   
     
     
64,585
 
   Available-for-sale
   
301,020
     
     
     
151
     
(8,447
)
   
292,724
 
Investments carried at fair value
    225,709                   27,071       (74,547 )     178,233  
     
1,453,417
     
555
     
(758
)
   
27,248
     
(83,216
)
   
1,397,246
 


   
As of December 31, 2023
 
   
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
   
1,731,154
     
9
     
(23
)
   
     
     
1,731,140
 
   Available-for-sale
   
792,431
     
     
     
885
     
(408
)
   
792,908
 
                                                 
Long-term investments
                                               
Debt securities:
                                               
   Held-to-maturity
   
49,726
     
632
     
(193
)
   
     
     
50,165
 
   Available-for-sale
   
3,407,262
     
     
     
15,002
     
(17,166
)
   
3,405,098
 
     
5,980,573
     
641
     
(216
)
   
15,887
     
(17,574
)
   
5,979,311