XML 56 R20.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Profit Appropriation and Restricted Net Assets | 12 Months Ended
--- | ---
Dec. 31, 2023
Profit Appropriation And Restricted Net Assets |
Profit Appropriation and Restricted Net Assets | 13. Profit Appropriation and Restricted Net Assets The Company’s subsidiaries, VIEs and VIEs’ subsidiaries in China are required to make appropriations to certain non-distributable reserve funds, in accordance with the China Company Laws. They have to make appropriations from their after-tax profit (as determined under Generally Accepted Accounting Principles in the PRC (“PRC GAAP”)) to non-distributable reserve funds including (i) statutory surplus fund, and (ii) discretionary surplus fund. Statutory surplus fund is at least 10% of the after-tax profits calculated in accordance with the PRC GAAP. Appropriation is not required if the reserve fund has reached 50% of the registered capital of the respective company. Statutory surplus fund is restricted for set off against losses, expansion of production and operation or increase in registered capital of the respective companies. These reserves are not transferable to the Company in the form of cash dividends, loans or advances. These reserves are therefore not available for distribution except in liquidation. As of December 31, 2022 and 2023 the Group’s PRC subsidiaries accrued approximately US$133.6 million and US$130.4 million in the general reserve/statutory surplus funds, respectively. Under the PRC laws and regulations, the subsidiaries, VIEs and VIEs’ subsidiaries incorporated in the PRC are restricted in their ability to transfer a portion of their net assets to the Group either in the form of dividends, loans or advances of the consolidated net assets. The amounts restricted for the Group amounted to US$567.2 million, or 16.1% of the Group’s total consolidated net assets as of December 31, 2023.

X
- References No definition available. + Details
Name: | wb_ProfitAppropriationAndRestrictedNetAssetsAbstract
Namespace Prefix: | wb_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Entire disclosure of profit appropriation and restricted net assets. + References No definition available. + Details
Name: | wb_ProfitAppropriationAndRestrictedNetAssetsTextBlock
Namespace Prefix: | wb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration