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SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2023

SEGMENT REPORTING [Abstract]

Information about Segments

Information about segments for the years ended December 31, 2021, 2022 and 2023 presented were as follows:

		Year ended December 31, 2021
		E-Commerce $				Digital Financial Services $				Digital Entertainment $				Other Services $				Unallocated expenses(1) $				Consolidated $
Revenue			5,122,959				469,774				4,320,013				42,444				–				9,955,190
Operating (loss) income			(2,766,566	)			(640,422	)			2,500,081				(177,633	)			(498,520	)			(1,583,060	)
Non-operating loss, net																							(132,124	)
Income tax expense																							(332,865	)
Share of results of equity investees																							5,019
Net loss																							(2,043,030	)

		Year ended December 31, 2022
		E-Commerce $				Digital Financial Services $				Digital Entertainment $				Other Services $				Unallocated expenses(1) $				Consolidated $
Revenue			7,288,677				1,221,996				3,877,163				61,869				–				12,449,705
Operating (loss) income			(2,013,360	)			(277,264	)			1,971,416				(252,162	)			(916,138	)			(1,487,508	)
Non-operating loss, net																							(13,025	)
Income tax expense																							(168,395	)
Share of results of equity investees																							11,156
Net loss																							(1,657,772	)

		Year ended December 31, 2023
		E-Commerce $				Digital Financial Services $				Digital Entertainment $				Other Services $				Unallocated expenses(1) $				Consolidated $
Revenue			9,000,848				1,759,422				2,172,009				131,281				–				13,063,560
Operating (loss) income			(550,470	)			490,209				1,177,871				(56,728	)			(836,104	)			224,778
Non-operating income, net																							207,616
Income tax expense																							(262,680	)
Share of results of equity investees																							(7,032	)
Net income																							162,682

⁽¹⁾ Unallocated expenses are mainly relating to share-based compensation, impairment of goodwill of prior acquisitions that are not under the Company’s reportable segments, and general and corporate administrative costs such as professional fees and other miscellaneous items that are not allocated to segments. These expenses are excluded from segments results as they are not reviewed by the CODM as part of segment performance.

Revenue from External Customers Based on Geographical Locations

Revenue from external customers is classified based on the geographical locations where the services were provided.

		Year ended December 31,
		2021 $				2022 $				2023 $
Revenue
Southeast Asia			6,316,782				8,321,249				9,179,527
Latin America			1,850,861				2,043,918				2,193,758
Rest of Asia			1,394,342				1,727,187				1,496,433
Rest of the world			393,205				357,351				193,842
Consolidated revenue			9,955,190				12,449,705				13,063,560

Long-Lived Assets

Long-lived assets consist of property and equipment, operating lease ROU assets and intangible assets.

		As of December 31,
		2022 $				2023 $
Long-lived assets
Southeast Asia			1,804,846				1,699,461
Rest of Asia			348,116				258,078
Rest of the world			257,792				316,962
			2,410,754				2,274,501

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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