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Goodwill, Intangible Assets and Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill, Intangible Assets and Acquisitions |
Schedule of the changes in the Group's goodwill by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Advertising & |  | Value-added |  | ​ | ​
​ | ​ | Marketing | ​ | services | ​ | Total
​ | ​ | (In US$ thousands)
Balance as of December 31, 2020 | ​ | $ | 30,899 | ​ | $ | 30,813 | ​ | $ | 61,712
Acquisition of the company operating Wuta application | ​ | ​ | 51,034 | ​ | ​ | — | ​ | ​ | 51,034
Acquisition of an E-sports team | ​ | ​ | — | ​ | ​ | 14,745 | ​ | ​ | 14,745
Currency translation adjustment | ​ | ​ | 1,813 | ​ | ​ | 1,101 | ​ | ​ | 2,914
Balance as of December 31, 2021 | ​ | ​ | 83,746 | ​ | ​ | 46,659 | ​ | ​ | 130,405
Currency translation adjustment | ​ | ​ | (6,585) | ​ | ​ | (3,669) | ​ | ​ | (10,254)
Balance as of December 31, 2022 | ​ | ​ | 77,161 | ​ | ​ | 42,990 | ​ | ​ | 120,151
Acquisition of Yunrui | ​ | ​ | — | ​ | ​ | 48,669 | ​ | ​ | 48,669
Currency translation adjustment | ​ | ​ | (2,331) | ​ | ​ | (53) | ​ | ​ | (2,384)
Balance as of December 31, 2023 | ​ | $ | 74,830 | ​ | $ | 91,606 | ​ | $ | 166,436
Summary of the Group's intangible assets arising from acquisitions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, 2022 | ​ | As of December 31, 2023
​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​
​ |  | Cost |  | Amortization |  | Net |  | Cost |  | Amortization |  | Net
​ | ​ | (In US$ thousands) | ​ | (In US$ thousands)
Game related | ​ | $ | 140,328 | ​ | $ | (30,029) | ​ | $ | 110,299 | ​ | $ | 136,155 | ​ | $ | (43,406) | ​ | $ | 92,749
Technology | ​ | ​ | 2,808 | ​ | ​ | (2,596) | ​ | ​ | 212 | ​ | ​ | 10,596 | ​ | ​ | (2,831) | ​ | ​ | 7,765
Trademark and domain name | ​ | ​ | 12,892 | ​ | ​ | (4,280) | ​ | ​ | 8,612 | ​ | ​ | 25,436 | ​ | ​ | (5,765) | ​ | ​ | 19,671
Others | ​ | ​ | 13,045 | ​ | ​ | (7,096) | ​ | ​ | 5,949 | ​ | ​ | 23,898 | ​ | ​ | (9,954) | ​ | ​ | 13,944
Total | ​ | $ | 169,073 | ​ | $ | (44,001) | ​ | $ | 125,072 | ​ | $ | 196,085 | ​ | $ | (61,956) | ​ | $ | 134,129
Schedule of estimated amortization expenses | ​
​ | ​ | ​ | ​
Year Ended December 31, |  | (In US$ thousands)
2024 | ​ | $ | 21,483
2025 | ​ | ​ | 17,980
2026 | ​ | ​ | 17,943
2027 | ​ | ​ | 17,660
2028 | ​ | ​ | 17,326
Thereafter | ​ | ​ | 41,528
Total expected amortization expense * | ​ | $ | 133,920
* | The table above excludes US$0.2 million of indefinite-lived intangible assets which was included in the category of others.
Wuta application |
Goodwill, Intangible Assets and Acquisitions |
Schedule of consideration of acquisition was allocated based on their fair value of the assets acquired and the liabilities assumed | ​
​ | ​ | ​ | ​
​ | ​ | As of May 1, 2021
​ | ​ | (In US$ thousands)
Consideration |  | $ | 39,540
Fair value of previously held equity interest | ​ | ​ | 26,875
Non-controlling interest | ​ | ​ | 10,811
Total | ​ | $ | 77,226
​ | ​ | ​ | ​
Cash and short-term investments acquired | ​ | $ | 5,786
Other assets acquired | ​ | ​ | 6,801
Identifiable intangible assets acquired | ​ | ​ | 16,495
Goodwill | ​ | ​ | 51,034
Liabilities assumed | ​ | ​ | (2,890)
Total | ​ | $ | 77,226
E-sports team |
Goodwill, Intangible Assets and Acquisitions |
Schedule of consideration of acquisition was allocated based on their fair value of the assets acquired and the liabilities assumed | ​
​ | ​ | ​ | ​
​ |  | As of August 1, 2021
​ | ​ | (In US$ thousands)
Consideration | ​ | $ | 30,953
​ | ​ | ​ | ​
Identifiable intangible assets acquired | ​ | $ | 19,274
Goodwill | ​ |  | 14,745
Liabilities assumed | ​ |  | (3,066)
Total | ​ | $ | 30,953
Yunrui |
Goodwill, Intangible Assets and Acquisitions |
Schedule of consideration of acquisition was allocated based on their fair value of the assets acquired and the liabilities assumed | ​
​ | ​ | ​ | ​
​ |  | As of October 1, 2023
​ | ​ | (In US$ thousands)
Consideration | ​ | $ | 30,443
Fair value of previously held equity interest | ​ |  | 13,545
Non-controlling interest | ​ |  | 37,043
Total | ​ | $ | 81,031
​ | ​ | ​ | ​
Cash and short-term investments acquired | ​ | $ | 4,864
Other assets acquired | ​ |  | 1,483
Identifiable intangible assets acquired | ​ |  | 31,205
Goodwill | ​ |  | 48,669
Liabilities assumed | ​ |  | (5,190)
Total | ​ | $ | 81,031

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