v3.25.4

Income Tax Expense - Schedule of Reconciliation of Income Tax Rate (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023
Schedule of Reconciliation of Income Tax Rate [Abstract] |  |  |
Loss before income taxes |  | $ (1,138,036) | $ (48,919)
Statutory income tax rate |  | 16.50% | 16.50%
Income tax expense at statutory rate |  | $ (187,776) | $ (8,072)
Income not subject to taxes |  | (7,641) | (2,563)
Non-deductible items: |  |  |
- Share based compensation |  | 12,833 | 1,854
- Investment loss |  | 2,635 | 1,135
- Others | [1] | 178,777 |
Effect of difference tax jurisdiction |  | (309) |
Under provision of prior years |  |  | 221
Change in valuation allowance |  | 1,481 | 7,733
Tax holiday |  |  | (21)
Income tax expense |  |  | $ 287
[1] | For the year ended December 31, 2024, other non-deductible expenses mainly consisted of impairment loss on goodwill and other non-current assets.

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