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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Component of Lease Expense | As of December 31, 2024, the Company held land use rights in the following regions:
| Terms
Guangzhou | 50 years
Beijing | 36 years
Suzhou | 30 years
Shanghai | 47 years
The components of lease expense were as follows:
| Year Ended December 31,
| 2024 |  |  |  | 2023 |  | 2022
| $ |  |  |  | $ |  | $
Operating lease cost | 26,575 |  |  |  |  | 25,978 |  |  | 25,938 |
Variable lease cost | 4,580 |  |  |  |  | 6,101 |  |  | 6,834 |
Short-term lease cost | 2,897 |  |  |  |  | 1,683 |  |  | 1,299 |
Total lease cost | 34,052 |  |  |  |  | 33,762 |  |  | 34,071 |
Other supplemental information related to leases is summarized below:
| Year ended December 31,
| 2024 |  | 2023 |  | 2022
| $ |  | $ |  | $
Operating cash flows used in operating leases | 56,005 |  |  | 27,985 |  |  | 28,064 |
ROU assets obtained in exchange for new operating lease liabilities | 47,066 |  |  | 11,854 |  |  | 22,278 |
| As of December 31,
| 2024 |  | 2023
Weighted-average remaining lease term (years) | 4 |  | 3
Weighted-average discount rate | 5.23 | % |  | 7.22 | %
Schedule of Supplemental Balance Sheet Information | Supplemental balance sheet information related to leases was as follows:
| As of December 31,
| 2024 |  | 2023
| $ |  | $
Operating lease right-of-use assets | 60,639 |  |  | 43,490 |
Land use rights, net | 78,670 |  |  | 51,717 |
Total operating lease right-of-use assets | 139,309 |  |  | 95,207 |
Current portion of operating lease liabilities | 17,576 |  |  | 21,950 |
Operating lease liabilities, non-current portion | 44,277 |  |  | 22,251 |
Total lease liabilities | 61,853 |  |  | 44,201 |
Schedule of Maturities of Operating Lease Liabilities | Maturities of operating lease liabilities are as follows:
|  | Amounts
|  | $
Year ending December 31, 2025 |  | 19,824 |
Year ending December 31, 2026 |  | 13,279 |
Year ending December 31, 2027 |  | 12,583 |
Year ending December 31, 2028 |  | 11,738 |
Year ending December 31, 2029 |  | 7,188 |
Thereafter |  | 3,922 |
Total lease payments |  | 68,534 |
Less imputed interest |  | (6,681) |
Present value of lease liabilities |  | 61,853 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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