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Concentration Risk
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Concentration Risk [Abstract]    
CONCENTRATION RISK

16. CONCENTRATION RISK

 

Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of accounts receivable. The Group conducts credit evaluations of its customers, and generally does not require collateral or other security from them. The Group evaluates its collection experience and long outstanding balances to determine the need for an allowance for doubtful accounts. The Group conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable.

 

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total revenue.

 

   For the Six Month Ended
June 30,		 
   2022   2023 
Percentage of the Group’s total revenue        
Customer A   20%   19%
Customer B   
*
%   17%
Customer C   18    
*
 
Customer D   11%   
*

 

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total accounts receivable:

 

   December 31,   June 30, 
   2022   2023 
Percentage of the Group’s accounts receivable        
Customer E   33%   16%
Customer C   30%   16%
Customer F   10%   13%
Customer D   
*
    10%

 

The following table sets forth a summary of each supplier who represent 10% or more of the Group’s total purchases:

 

   For the Six Month Ended
June 30,		 
   2022   2023 
Percentage of the Group’s total purchase        
Supplier A   12%   17%
Supplier B   23%   13%
Supplier C   18%   
*
 

 

*represent percentage less than 10%
19. CONCENTRATION RISK

 

Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of accounts receivable. The Group conducts credit evaluations of its customers, and generally does not require collateral or other security from them. The Group evaluates its collection experience and long outstanding balances to determine the need for an allowance for doubtful accounts. The Group conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable.

 

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total revenue.

 

   For the years ended December 31, 
   2020   2021   2022 
Percentage of the Group’s total revenue            
Customer A   26%   *    * 
Customer B   *    15%   11%
Customer C     *       *       15 %

 

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total accounts receivable:

 

   As of December 31, 
   2021   2022 
Percentage of the Group’s accounts receivable        
Customer B   23%   30%
Customer C   13%   

33

%
Customer D   10%   15%
Customer E   *    12%
Customer F   *    10%

 

The following table sets forth a summary of each supplier who represent 10% or more of the Group’s total purchase:

 

   For the years ended December 31, 
   2020   2021   2022 
Percentage of the Group’s total purchase            
Supplier A   10%   *    * 
Supplier B   *    12%   24%
Supplier C   *    11%   19%
Supplier D   *    10%   16%

 

*represent percentage less than 10%