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.