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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net (loss) income $ 162,682 $ (1,657,772) $ (2,043,030)
Adjustments to reconcile net (loss) income to net cash generated from (used in) operating activities:      
Amortization of discount and debt issuance costs of convertible notes 6,034 7,536 100,141
Deferred income tax (94,551) (140,553) (975)
Depreciation and amortization 440,845 428,344 279,032
Impairment and write-off of long-lived assets 1,680 32,823 1,614
Impairment of goodwill 117,875 354,943 0
Net foreign exchange differences 3,814 41,737 (45,214)
Net investment loss 135,932 216,001 43,337
Net loss (gain) on debt extinguishment (38,550) (199,697) 2,069
Provision for credit losses 633,942 513,690 117,427
Share-based compensation 685,030 705,896 470,324
Share of results of equity investees 7,032 (11,156) (5,019)
Others (37,186) 22,144 12,723
Operating cash flows before changes in working capital 2,024,579 313,936 (1,067,571)
Inventories (14,838) 1,441 (62,735)
Accounts receivable 7,516 98,981 (37,066)
Prepaid expenses and other assets (344,845) (497,889) (395,803)
Amounts due from related parties (274,482) 1,360 2,185
Operating lease right-of-use assets (47,543) (360,472) (418,846)
Accounts payable 81,381 43,311 99,639
Accrued expenses and other payables 455,088 (39,069) 545,691
Escrow payables and advances from customers 396,757 166,996 654,257
Operating lease liabilities 42,473 385,911 429,366
Deferred revenue (325,160) (1,093,229) 314,048
Income tax payable 43,598 (4,628) 105,927
Amounts due to related parties 35,164 (72,341) 39,557
Net cash generated from (used in) operating activities 2,079,688 (1,055,692) 208,649
Cash flows from investing activities      
Purchase of property and equipment (241,605) (924,178) (772,177)
Purchase of intangible assets and capitalized software costs (16,656) (52,105) (34,999)
Proceeds from disposal of long-lived assets 61,873 119,996 620
Purchase of investments (8,319,757) (2,630,842) (2,505,358)
Proceeds from sale and maturity of investments 3,521,187 2,281,019 798,178
Distributions from investments 912 4,674 1,632
Acquisition of businesses, net of cash acquired 0 (60,713) (22,763)
Effect on cash from deconsolidation of subsidiaries (43,785) (230) (11,775)
Change in securities purchased under agreements to resell 233,219 0 0
Change in loans receivable (999,850) (1,166,430) (1,220,631)
Net cash used in investing activities (5,804,462) (2,428,809) (3,767,273)
Cash flows from financing activities      
Repayment of bank borrowings and finance lease obligations (54,407) (117,238) (1,247)
Proceeds from bank borrowings 0 49,000 115,282
Proceeds from issuance of convertible notes, net 0 0 2,846,250
Capital contributed by non-controlling interest 1,336 70,876 339
Transactions with non-controlling interests 0 (22,889) 0
Payments for redemption, exchange, conversion and repurchase of convertible notes (204,625) (611,315) (1,935)
Proceeds from issuance of ordinary shares, net 10,643 50,211 4,050,055
Change in deposits payable 389,276 942,630 392,845
Proceeds from borrowings under securitization transactions 119,687 0 0
Proceeds from secured borrowings, net 104,101 38,981 0
Net cash generated from financing activities 366,011 400,256 7,401,589
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (7,964) (143,511) (58,218)
Net increase (decrease) in cash, cash equivalents and restricted cash (3,366,727) (3,227,756) 3,784,747
Cash, cash equivalents and restricted cash at beginning of the year 7,610,384 [1] 10,838,140 [1] 7,053,393
Cash, cash equivalents and restricted cash at end of the year [1] 4,243,657 7,610,384 10,838,140
Supplement disclosures of cash flow information      
Income taxes paid (318,924) (313,755) (207,381)
Interest paid (119,471) (103,335) (44,981)
Supplement disclosures of non-cash activities      
Purchase of property and equipment included in accrued expenses and other payables 6,482 (14,631) 38,742
Purchase of property and equipment included in prepayments 28,459 (13,171) 58,249
Purchase of intangible assets included in accrued expenses and other payables (4,049) (554) 183
Purchase of intangible assets included in prepayments 8,956 (4,506) (3,875)
Conversion and exchange of convertible notes into ordinary shares (31,297) (5) (826,124)
Acquisition of subsidiaries by conversion of convertible notes or issuance of shares 0 6,875 1,594
Proceeds from disposal of a subsidiary included in prepaid expenses and other assets $ 0 $ 0 $ 270,733
[1] As of December 31, 2022, cash and cash equivalents of $13,227 was included in Assets held for sale within Prepaid expenses and other assets.