XML 79 R43.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Operations - Assets, Liabilities, Statement of Operations and Cash Flows (Details)
$ in Thousands, ¥ in Millions
 1 Months Ended 12 Months Ended
Apr. 30, 2020
CNY (¥)
director
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Operations          
Costs and expenses allocated from SINA   $ 36,483 $ 47,178 $ 38,270  
Interest-free loans to the VIE's shareholders   82,200 84,800    
VIEs and VIEs' subsidiaries accumulated deficit   (125,500) (150,800)    
Assets and liabilities of the VIEs and their subsidiaries          
Cash and cash equivalents   2,584,635 2,690,768    
Short-Term Investments   641,035 480,428    
Accounts receivable   440,768 502,443    
Prepaid expenses and other current assets   359,881 391,502    
Property and equipment, net   220,663 249,553    
Operating lease assets   170,266 190,368    
Intangible assets, net   133,920      
Goodwill   166,436 120,151 130,405 $ 61,712
Long-term investments   1,320,386 993,630 1,207,651 1,179,466
Other non-current assets   36,889 30,269    
Total assets   7,280,358 7,129,454    
Accounts payable   161,493 161,029    
Accrued and other liabilities   656,445 913,984    
Income taxes payable   94,507 55,282    
Deferred revenues   $ 75,187 $ 79,949    
Other Liability, Current, Related Party, Type [Extensible Enumeration]   srt:SubsidiariesMember srt:SubsidiariesMember    
Operating lease liability   $ 53,245      
Deferred tax liability   66,151 $ 41,694    
Other non-current liabilities   3,422      
Total liabilities   3,762,742 3,738,914    
Redeemable non-controlling interests   50,153 14,495    
Total shareholders' equity   3,448,888 3,344,745 3,621,398 $ 2,828,616
Total liabilities, redeemable non-controlling interests and shareholders' equity   7,280,358 7,129,454    
Results of operations of the VIEs and their subsidiaries          
Total revenues   1,759,836 1,836,332 2,257,083  
Net income (loss)   342,598 85,555 428,319  
Cash flows of the VIE and its subsidiary          
Net cash provided by (used in) operating activities   672,820 564,104 814,020  
Net Cash Provided by (Used in) Investing Activities   (736,846) (33,014) (423,960)  
Net cash provided by (used in) financing activities   21,690 (91,141) 189,442  
Contractual Arrangements with the VIE          
Assets, except for registered capital of VIEs, that can only be used to settle obligations of the respective VIEs   0      
Registered capital and non-distributable reserve funds of VIE and its subsidiaries   $ 209,300 228,000    
Term of loan agreements   10 years      
Term of trademark license agreements   1 year      
Service fees revenue charged to VIE   $ 714,800 745,100 1,026,200  
Revenues From Advertising Agencies [Member]          
Results of operations of the VIEs and their subsidiaries          
Total revenues   1,096,738 1,240,147 1,501,921  
Revenues from advertisers signing contracts with company directly          
Results of operations of the VIEs and their subsidiaries          
Total revenues   437,276 356,503 478,874  
Third parties          
Assets and liabilities of the VIEs and their subsidiaries          
Accounts receivable   341,486 378,500    
Other related parties          
Assets and liabilities of the VIEs and their subsidiaries          
Accounts receivable   $ 38,188 48,596    
Weimeng          
Contractual Arrangements with the VIE          
Equity interest   99.00%      
New Weimeng Shareholder          
Minority Investment In Weimeng          
Sale of subsidiaries' shares to non-controlling interests | ¥ ¥ 10.7        
Percentage of enlarged registered capital invested 1.00%        
Number of member of board of directors the entity has right to appoint | director 3        
Consolidated VIEs          
Assets and liabilities of the VIEs and their subsidiaries          
Cash and cash equivalents   $ 625,486 657,578    
Short-Term Investments   35,870 53,822    
Prepaid expenses and other current assets   165,557 179,516    
Property and equipment, net   1,721 1,641    
Operating lease assets   23,082 25,776    
Intangible assets, net   133,920 124,856    
Goodwill   166,436 120,151    
Long-term investments   266,718 327,423    
Other non-current assets   202,695 295,500    
Total assets   2,060,824 2,271,254    
Accounts payable   118,773 97,269    
Accrued and other liabilities   380,810 405,979    
Income taxes payable   31,987 25,055    
Deferred revenues   42,254 45,433    
Amount due to the subsidiaries of the Group   1,393,967 1,676,499    
Operating lease liability   25,791 26,756    
Deferred tax liability   29,732 28,665    
Other non-current liabilities   3,422      
Total liabilities   2,026,736 2,305,656    
Redeemable non-controlling interests   68,728 45,795    
Total shareholders' equity   (34,640) (80,197)    
Total liabilities, redeemable non-controlling interests and shareholders' equity   2,060,824 2,271,254    
Results of operations of the VIEs and their subsidiaries          
Total revenues   1,531,675 1,540,585 1,821,294  
Net income (loss)   25,343 (18,356) (36,406)  
Cash flows of the VIE and its subsidiary          
Net cash provided by (used in) operating activities   159,891 (136,442) 335,940  
Net Cash Provided by (Used in) Investing Activities   88,119 410,164 (583,397)  
Net cash provided by (used in) financing activities   (260,289) 226,938 156,997  
Contractual Arrangements with the VIE          
Costs and expenses   6,600 4,200 3,400  
Consolidated VIEs | Third parties          
Assets and liabilities of the VIEs and their subsidiaries          
Accounts receivable   $ 426,420 467,083    
Weimeng          
Minority Investment In Weimeng          
Percentage of equity interests the entity will not be able to purchase or have the New Weimeng Shareholder pledge   1.00%      
Percentage of equity interests for which the authorization of voting rights will not be granted to entity   1.00%      
Percentage of equity interests issued   1.00%      
SINA | Related Parties [Member]          
Contractual Arrangements with the VIE          
Costs and expenses   $ 36,483 47,178 38,270  
SINA | Consolidated VIEs | Related Parties [Member]          
Assets and liabilities of the VIEs and their subsidiaries          
Accounts receivable   12,919 17,908    
Costs of revenues          
Operations          
Costs and expenses allocated from SINA   12,313 17,255 14,749  
Sales and marketing          
Operations          
Costs and expenses allocated from SINA   0 1,953 3,319  
Product development          
Operations          
Costs and expenses allocated from SINA   6,850 12,192 10,083  
General and administrative          
Operations          
Costs and expenses allocated from SINA   $ 17,320 $ 15,778 $ 10,119