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