v3.25.4

Segment Information - Schedule of Information by Segment (Details) - Chief Operating Decision Maker [Member] - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023
Revenue |  |
Long-term investments, net |  | $ 25,725
Other assets |  | 40,864
Total assets |  | 66,589
Social media [Member] |  |
Revenue |  |
Total revenue | $ 1,001 |
Operating expenses for social media and streaming platform | (522) |
Commission expense |  |
Interest income | 6 |
Interest expense | (2,581) |
Foreign exchange (loss) gain, net |  |
Impairment on property and equipment |  |
Long-term investments, net |  |
Other assets | 7,506 |
Total assets | 7,506 |
Sales and marketing expenses | (921) |
Research and development expenses | (1,193) |
Personnel and benefit expenses | (2,091) |
Legal and professional fee | (3,048) |
Legal and professional fee, related party |  |
Office and operating fee, related party |  |
Provision for allowance for expected credit losses | 5 |
Other general and administrative expenses | (1,659) |
Total operating expenses | (9,429) |
Other income (expense), net |  |
Interest income | 6 |
Interest expense | (2,581) |
Foreign exchange (loss) gain, net |  |
Impairment on property and equipment |  |
Impairment on intangible assets | (621) |
Impairment on goodwill | (1,000,002) |
Impairment on right-of-use assets |  |
Investment loss, net |  |
Change in fair value of convertible debts | 4,447 |
Change in fair value of warrant liabilities |  |
Sundry income | 31 |
Total other income (expense), net | (998,720) |
Income tax expense |  |
Net income (loss) | (1,007,148) |
Social media [Member] | Loans Interest Income [Member] |  |
Revenue |  |
Total revenue |  |
Social media [Member] | Commission [Member] |  |
Revenue |  |
Total revenue |  |
Social media [Member] | Recurring asset management service fees [Member] |  |
Revenue |  |
Total revenue |  |
Social media [Member] | Advertising revenue [Member] |  |
Revenue |  |
Total revenue | 275 |
Social media [Member] | SaaS Fees [Member] |  |
Revenue |  |
Total revenue | 707 |
Social media [Member] | Subscription fees and paid-per-view fees [Member] |  |
Revenue |  |
Total revenue | 19 |
Sports streaming [Member] |  |
Revenue |  |
Total revenue | 4,089 |
Operating expenses for social media and streaming platform | (3,491) |
Commission expense |  |
Interest income |  |
Interest expense | (132) |
Foreign exchange (loss) gain, net | 16 |
Impairment on property and equipment |  |
Long-term investments, net |  |
Other assets | 5,614 |
Total assets | 5,614 |
Sales and marketing expenses | (426) |
Research and development expenses | (135) |
Personnel and benefit expenses | (86) |
Legal and professional fee | (70) |
Legal and professional fee, related party |  |
Office and operating fee, related party |  |
Provision for allowance for expected credit losses | (10) |
Other general and administrative expenses | (109) |
Total operating expenses | (4,327) |
Other income (expense), net |  |
Interest income |  |
Interest expense | (132) |
Foreign exchange (loss) gain, net | 16 |
Impairment on property and equipment |  |
Impairment on intangible assets | (210) |
Impairment on goodwill | (5,776) |
Impairment on right-of-use assets |  |
Investment loss, net |  |
Change in fair value of convertible debts |  |
Change in fair value of warrant liabilities |  |
Sundry income | 6 |
Total other income (expense), net | (6,096) |
Income tax expense |  |
Net income (loss) | (6,334) |
Sports streaming [Member] | Loans Interest Income [Member] |  |
Revenue |  |
Total revenue |  |
Sports streaming [Member] | Commission [Member] |  |
Revenue |  |
Total revenue |  |
Sports streaming [Member] | Recurring asset management service fees [Member] |  |
Revenue |  |
Total revenue |  |
Sports streaming [Member] | Advertising revenue [Member] |  |
Revenue |  |
Total revenue | 1 |
Sports streaming [Member] | SaaS Fees [Member] |  |
Revenue |  |
Total revenue |  |
Sports streaming [Member] | Subscription fees and paid-per-view fees [Member] |  |
Revenue |  |
Total revenue | 4,088 |
Financial services [Member] |  |
Revenue |  |
Total revenue | 22,386 | 54,189
Operating expenses for social media and streaming platform |  |
Commission expense | (10,531) | (37,288)
General and administrative |  | (17,856)
Others |  | 6,715
Interest income | 19 | 39
Interest expense | (785) | (388)
Foreign exchange (loss) gain, net | (717) |
Impairment on property and equipment | (104) |
Long-term investments, net | 25,455 | 25,725
Other assets | 18,121 | 13,788
Total assets | 43,576 | 39,513
Sales and marketing expenses | (219) | (2,496)
Research and development expenses | (1,853) | (949)
Personnel and benefit expenses | (38,106) | (128)
Legal and professional fee | (2,321) |
Legal and professional fee, related party |  |
Office and operating fee, related party | (4,303) |
Provision for allowance for expected credit losses | (2,544) |
Other general and administrative expenses | (4,287) |
Total operating expenses | (64,164) | (58,717)
Other income (expense), net |  |
Others |  | 6,715
Interest income | 19 | 39
Interest expense | (785) | (388)
Foreign exchange (loss) gain, net | (717) |
Impairment on property and equipment | (104) |
Impairment on intangible assets | (369) |
Impairment on goodwill |  |
Impairment on right-of-use assets | (1,664) |
Investment loss, net | (15,971) |
Change in fair value of convertible debts |  |
Change in fair value of warrant liabilities |  |
Sundry income | 101 |
Total other income (expense), net | (19,490) | 6,366
Income tax expense |  | (280)
Net income (loss) | (61,268) | 1,558
Financial services [Member] | Loans Interest Income [Member] |  |
Revenue |  |
Total revenue | 151 | 157
Financial services [Member] | Commission [Member] |  |
Revenue |  |
Total revenue | 20,348 | 50,069
Financial services [Member] | Recurring asset management service fees [Member] |  |
Revenue |  |
Total revenue | 1,887 |
Financial services [Member] | Advertising revenue [Member] |  |
Revenue |  |
Total revenue |  |
Financial services [Member] | SaaS Fees [Member] |  |
Revenue |  |
Total revenue |  |
Financial services [Member] | Subscription fees and paid-per-view fees [Member] |  |
Revenue |  |
Total revenue |  |
Financial services [Member] | Asset Management Service Fees [Member] |  |
Revenue |  |
Total revenue |  | 3,963
Corporate [Member] |  |
Revenue |  |
Total revenue |  |
Operating expenses for social media and streaming platform |  |
Commission expense |  |
General and administrative |  | (6,622)
Others |  | (12,173)
Interest income | 765 | 345
Interest expense | (4,778) | (396)
Foreign exchange (loss) gain, net |  |
Impairment on property and equipment |  |
Long-term investments, net |  |
Other assets | 37,514 | 27,076
Total assets | 37,514 | 27,076
Sales and marketing expenses |  | (1,213)
Research and development expenses |  | (3,608)
Personnel and benefit expenses | (44,603) | (27,090)
Legal and professional fee | (16,931) |
Legal and professional fee, related party | (949) |
Office and operating fee, related party |  |
Provision for allowance for expected credit losses |  |
Other general and administrative expenses | (253) |
Total operating expenses | (62,736) | (38,533)
Other income (expense), net |  |
Others |  | (12,173)
Interest income | 765 | 345
Interest expense | (4,778) | (396)
Foreign exchange (loss) gain, net |  |
Impairment on property and equipment |  |
Impairment on intangible assets |  |
Impairment on right-of-use assets |  |
Investment loss, net |  |
Change in fair value of convertible debts |  |
Change in fair value of warrant liabilities | 3,463 |
Sundry income |  |
Total other income (expense), net | (550) | (12,224)
Income tax expense |  | (7)
Net income (loss) | (63,286) | (50,764)
Corporate [Member] | Loans Interest Income [Member] |  |
Revenue |  |
Total revenue |  |
Corporate [Member] | Commission [Member] |  |
Revenue |  |
Total revenue |  |
Corporate [Member] | Recurring asset management service fees [Member] |  |
Revenue |  |
Total revenue |  |
Corporate [Member] | Advertising revenue [Member] |  |
Revenue |  |
Total revenue |  |
Corporate [Member] | SaaS Fees [Member] |  |
Revenue |  |
Total revenue |  |
Corporate [Member] | Subscription fees and paid-per-view fees [Member] |  |
Revenue |  |
Total revenue |  |
Corporate [Member] | Asset Management Service Fees [Member] |  |
Revenue |  |
Total revenue |  |
Elimination [Member] |  |
Revenue |  |
Total revenue |  |
Operating expenses for social media and streaming platform |  |
Commission expense |  |
General and administrative |  |
Others |  |
Interest income | (339) |
Interest expense | 339 |
Foreign exchange (loss) gain, net |  |
Impairment on property and equipment |  |
Long-term investments, net |  |
Other assets | (43,632) |
Total assets | (43,632) |
Sales and marketing expenses |  |
Research and development expenses |  |
Personnel and benefit expenses |  |
Legal and professional fee |  |
Legal and professional fee, related party |  |
Office and operating fee, related party |  |
Provision for allowance for expected credit losses |  |
Other general and administrative expenses |  |
Total operating expenses |  |
Other income (expense), net |  |
Others |  |
Interest income | (339) |
Interest expense | 339 |
Foreign exchange (loss) gain, net |  |
Impairment on property and equipment |  |
Impairment on intangible assets |  |
Impairment on goodwill |  |
Impairment on right-of-use assets |  |
Investment loss, net |  |
Change in fair value of convertible debts |  |
Change in fair value of warrant liabilities |  |
Sundry income |  |
Total other income (expense), net |  |
Income tax expense |  |
Net income (loss) |  |
Elimination [Member] | Loans Interest Income [Member] |  |
Revenue |  |
Total revenue |  |
Elimination [Member] | Commission [Member] |  |
Revenue |  |
Total revenue |  |
Elimination [Member] | Recurring asset management service fees [Member] |  |
Revenue |  |
Total revenue |  |
Elimination [Member] | Advertising revenue [Member] |  |
Revenue |  |
Total revenue |  |
Elimination [Member] | SaaS Fees [Member] |  |
Revenue |  |
Total revenue |  |
Elimination [Member] | Subscription fees and paid-per-view fees [Member] |  |
Revenue |  |
Total revenue |  |
Elimination [Member] | Asset Management Service Fees [Member] |  |
Revenue |  |
Total revenue |  |
Consolidated [Member] |  |
Revenue |  |
Total revenue | 27,476 | 54,189
Operating expenses for social media and streaming platform | (4,013) |
Commission expense | (10,531) | (37,288)
General and administrative |  | (24,478)
Others |  | (5,458)
Interest income | 451 | 384
Interest expense | (7,937) | (784)
Foreign exchange (loss) gain, net | (701) |
Impairment on property and equipment | (104) |
Long-term investments, net | 25,455 |
Other assets | 25,123 |
Total assets | 50,578 |
Sales and marketing expenses | (1,566) | (3,709)
Research and development expenses | (3,181) | (4,557)
Personnel and benefit expenses | (84,886) | (27,218)
Legal and professional fee | (22,370) |
Legal and professional fee, related party | (949) |
Office and operating fee, related party | (4,303) |
Provision for allowance for expected credit losses | (2,549) |
Other general and administrative expenses | (6,308) |
Total operating expenses | (140,656) | (97,250)
Other income (expense), net |  |
Others |  | (5,458)
Interest income | 451 | 384
Interest expense | (7,937) | (784)
Foreign exchange (loss) gain, net | (701) |
Impairment on property and equipment | (104) |
Impairment on intangible assets | (1,200) |
Impairment on goodwill | (1,005,778) |
Impairment on right-of-use assets | (1,664) |
Investment loss, net | (15,971) |
Change in fair value of convertible debts | 4,447 |
Change in fair value of warrant liabilities | 3,463 |
Sundry income | 138 |
Total other income (expense), net | (1,024,856) | (5,858)
Income tax expense |  | (287)
Net income (loss) | (1,138,036) | (49,206)
Consolidated [Member] | Loans Interest Income [Member] |  |
Revenue |  |
Total revenue | 151 | 157
Consolidated [Member] | Commission [Member] |  |
Revenue |  |
Total revenue | 20,348 | 50,069
Consolidated [Member] | Recurring asset management service fees [Member] |  |
Revenue |  |
Total revenue | 1,887 |
Consolidated [Member] | Advertising revenue [Member] |  |
Revenue |  |
Total revenue | 276 |
Consolidated [Member] | SaaS Fees [Member] |  |
Revenue |  |
Total revenue | 707 |
Consolidated [Member] | Subscription fees and paid-per-view fees [Member] |  |
Revenue |  |
Total revenue | $ 4,107 |
Consolidated [Member] | Asset Management Service Fees [Member] |  |
Revenue |  |
Total revenue |  | $ 3,963

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