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Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Measurement

Schedule of assets measured at fair value on a recurring basis, the respective fair value and the classification by level of input within the fair value hierarchy

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Fair Value Measurements

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Quoted Prices in

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Active Market

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Significant Other

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Significant

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for Identical Assets

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Observable Inputs

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Unobservable Inputs

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Total

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(Level 1)

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(Level 2)

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(Level 3)

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(In US$ thousands)

As of December 31, 2022:

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Wealth management products (1)

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$

212,195

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$

—

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$

212,195

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$

—

Equity securities with readily determinable market value (2)

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239,550

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239,550

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—

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—

Total

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$

451,745

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$

239,550

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$

212,195

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$

—

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As of December 31, 2023:

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Wealth management products (1)

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$

24,535

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$

—

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$

24,535

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$

—

Equity securities with readily determinable market value (2)

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118,268

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118,268

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—

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Total

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$

142,803

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$

118,268

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$

24,535

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$

—

(1)        Included in short-term investments on the Group’s consolidated balance sheets.

(2)        Included in long-term investments on the Group’s consolidated balance sheets.

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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