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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Shares Issued Under Employee Share Purchase Plan

The following tables summarizes the shares issued under the ESPP:

												Market Price1												Purchase Price2
Issuance Date						Number of Ordinary Shares Issued						ADS						Ordinary						ADS						Ordinary						Proceeds
August 31, 2024						1,035,996						$	165.20					$	12.69					$	140.27					$	10.78					$	11,178
February 29, 2024						1,021,397						$	165.65					$	12.74					$	140.80					$	10.83					$	11,063
August 31, 2023						794,144						$	207.55					$	15.97					$	176.42					$	13.57					$	10,777
February 28, 2023						930,582						$	171.10					$	13.16					$	145.44					$	11.19					$	10,414
August 31, 2022						861,315						$	171.66					$	13.20					$	145.91					$	11.22					$	9,667
February 28, 2022						667,160						$	210.52					$	16.19					$	178.94					$	13.76					$	9,183

1 The market price is the lower of the closing price on Nasdaq on the issuance date or the offering date, in accordance with the terms of the ESPP.

2 The purchase price is the price which was discounted from the applicable market price, in accordance with the terms of the ESPP.

Schedule of Share Option Activities

The following table summarizes the Company’s share option activities under the 2011, 2016 and 2018 Plans:

			Number of Options						Weighted Average Exercise Price						Weighted Average Grant Date Fair Value						Weighted Average Remaining Contractual Term						Aggregate Intrinsic Value
									$						$						Years						$
Outstanding at December 31, 2021			72,204,888						7.08
Granted			12,516,816						12.34						6.40
Exercised			(5,898,217)						4.63																		52,258
Forfeited			(2,296,634)						16.46
Outstanding at December 31, 2022			76,526,853						7.85
Granted			9,817,925						16.37						8.14
Exercised			(6,974,331)						4.54																		92,051
Forfeited			(1,225,334)						17.60
Outstanding at December 31, 2023			78,145,113						9.06
Granted			9,180,301						12.53						6.62
Exercised			(6,812,624)						3.87																		69,946
Forfeited			(2,530,134)						15.87
Outstanding at December 31, 2024			77,982,656						9.70												4.83						429,581
Exercisable as of December 31, 2024			60,173,280						8.42												3.7						406,868
Vested and expected to vest at December 31, 2024			75,311,250						9.55												4.7						426,174

Schedule of the Range of Fair Values and the Assumptions Used to Estimate the Fair Values of the Share Options Granted

The following table presents the range of fair values and the assumptions used to estimate those fair values of the share options granted in the years presented:

Year Ended December 31,

2024

2023

2022

Fair value of ordinary share

$5.72 ~ $9.19

$7.26 ~ $10.72

$5.51 ~ $9.04

Risk-free interest rate

3.8% ~ 4.6%

3.4% ~ 4.6%

1.8% ~ 3.9%

Expected exercise multiple

2.8

2.8

2.8

Expected volatility

57% ~ 58%

58% ~ 60%

51% ~ 60%

Expected dividend yield

0%

0%

0%

Contractual life

10 years

10 years

10 years

Schedule of Employee Restricted Shares Activities and Restricted Share Units Activities

The following table summarizes the Company’s restricted share unit activities under the 2016 and 2018 Plans:

			Numbers of Shares						Weighted-Average Grant Date Fair Value
									$
Outstanding at December 31, 2021			36,082,982						18.33
Granted			38,707,669						12.46
Vested			(12,533,586)						16.37
Forfeited			(6,859,892)						16.72
Outstanding at December 31, 2022			55,397,173						14.87
Granted			34,573,994						15.57
Vested			(17,862,598)						14.71
Forfeited			(5,707,546)						15.47
Outstanding at December 31, 2023			66,401,023						15.22
Granted			49,693,592						12.53
Vested			(21,251,477)						15.53
Forfeited			(9,012,471)						14.46
Outstanding at December 31, 2024			85,830,667						13.67
Expected to vest at December 31, 2024			72,956,067						13.67

Schedule of Total Compensation Cost Recognized

The following table summarizes total share-based compensation cost recognized for the years ended December 31, 2024, 2023 and 2022:

			Year Ended December 31,
			2024						2023						2022
			$						$						$
Research and development			186,113						163,550						139,348
Selling, general and administrative			255,680						204,038						163,814
Total			441,793						367,588						303,162

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