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Share-based awards (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of compensation expense recognized for share-based awards
    Years ended December 31,  
Share-based compensation expenses (In thousands)   2020     2021     2022  
—Restricted Shares (a)    
—
       5,573       1,006  
—Share options(b)     50,607       3,184       2,092  
Total     50,607       8,757       3,098  

 
Schedule of summary of restricted shares activity
(Number of shares)  Number of
Restricted
Shares		 
Outstanding as of January 1, 2020   
—
 
Vested   
—
 
Outstanding as of December 31, 2020   
—
 
Granted   6,261,100 
Forfeited   (345,000)
Vested   (3,000,000)
Outstanding as of December 31, 2021   2,916,100 
Granted   8,822,010 
Vested   (3,767,180)
Outstanding as of December 31, 2022   7,970,930 

 
Schedule of changes in the share options granted
    Number of
share
options  		     Weighted
average
exercise
price  		     Aggregate
intrinsic
value  		  
Outstanding as of January 1, 2020     17,395,740     $ 0.52     $ 52,951,848  
Granted     6,163,017     $ 0.55     $ 7,668,544  
Forfeited     (683,280 )   $ 0.67     $ (1,733,224 )
Exercised     (576,720 )   $ 0.50     $ (1,804,198 )
Outstanding as of December 31, 2020     22,298,757     $ 0.54     $ 57,082,970  
Exercisable as of December 31, 2020    
—
     $
—
     $
—
  
Granted     820,000     $ 0.68     $ 171,820  
Forfeited     (1,973,636 )   $ 0.56     $ (3,388,792 )
Exercised     (1,919,760 )   $ 0.52     $ (5,939,067 )
Outstanding as of December 31, 2021     19,225,361     $ 0.54     $ 47,926,931  
Exercisable as of December 31, 2021     13,478,069     $ 0.55     $ 38,703,590  
Granted     716,420     $ 0.81     $ (458,564 )
Forfeited     (1,936,841 )   $ 0.74     $ (2,428,038 )
Outstanding as of December 31, 2022     18,004,940     $ 0.53     $ 45,040,329  
Exercisable as of December 31, 2022     14,644,270     $ 0.54     $ 39,789,170  

 
Schedule of share based payment award stock options valuation assumptions
   Years ended December 31, 
(In thousands)  2020   2021   2022 
Risk-free interest rate(i)   0.33%-0.88%   1.22%-1.52%   0.90%-1.67%
Expected dividend yield(ii)   0.00%   0.00%   0.00%
Expected volatility(iii)   37.94%-40.07%   35.01%-36.00%   29.44%-34.81%
Grant date fair value  $0.98-$1.93   $0.06-$0.65   $0.00-$0.0044 

 

(i)Risk-free interest rate is based on the yields of United States Treasury securities with maturities similar to the expected life of the share options in effect at the time of grant.

 

(ii)Expected dividend yield is assumed to be 0% as the Company has no history or expectation of paying dividend on its ordinary shares.

 

(iii)Expected volatility is assumed based on the historical volatility of the Company’s comparable companies in the period equal to the expected life of each grant.