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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]  
Schedule of Assets, Liabilities, Results of Operations and Changes in Cash and Cash Equivalents of the Former VIEs The following table sets forth the assets, liabilities, results of operations and changes in cash and cash equivalents of the former VIEs taken as a whole, which were included in the Company’s consolidated financial statements with intercompany balances and transactions eliminated between the former VIEs:
   As of
December 31,
2022
 
   (in thousands of US$) 
Cash and cash equivalents   1,951 
Accounts receivable, net   474 
Amounts due from subsidiaries   12,766 
Property and equipment and intangible assets   775 
Others   5,536 
Total assets   21,502 
Short term borrowings   574 
Amounts due to parent and subsidiaries   60,029 
Accounts payable, accrued expenses and other liabilities   12,690 
Contract liabilities   62 
Others   80 
Total liabilities   73,435 
Total shareholders’ deficit   (51,933)
   Years ended December 31, 
   2021   2022 
   (in thousands of US$) 
Revenue (note a)   30,979    30,371 
Net loss (note a)   (16,244)   (4,349)
Net cash (used in)/generated from operating activities   (6,553)   858 
Net cash used in investing activities   (178)   (430)
Net cash generated from financing activities   5,290    1,230 
Schedule of Cash and Cash Equivalents
   December 31,   December 31, 
(In thousands)  2022   2023 
Cash and cash equivalents   14,921    23,371 

 

Schedule of Estimated Useful Lives Depreciation is calculated using the straight-line method to allocate their cost to their residual values over their estimated useful lives, as follows:
Computers, server & switch and office equipment  5 years
Wi-Fi terminals for data connectivity services  2 years
Leasehold improvement  Over the shorter
of lease term or
3 years
Schedule of Amortization of Finite-Lived Intangible Assets Amortization of finite-lived intangible assets is computed using the straight-line method over their estimated useful lives, which are as follows:
Trademarks  10 years
Software  10 years
Licensed copyrights  10 years