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Share-Based Awards (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Awards [Abstract]  
Schedule of Compensation Expense Recognized for Share-Based Awards Compensation expense recognized for share-based awards was as follow:
   Years ended December 31, 

Share-based compensation expenses (In thousands)

  2021   2022   2023 
—Restricted Shares (a)   5,573    1,006    1,999 
—Share options(b)   3,184    2,092    1,316 
Total   8,757    3,098    3,315 
(a)Restricted Shares
(b)Share options
Schedule of Restricted Shares Activity A summary of the Restricted Shares activity for the years ended December 31, 2021, 2022 and 2023 is presented below:
(Number of shares)  Number of
Restricted Shares
 
Outstanding as of January 1, 2021    
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 
Granted   6,655,170 
Forfeited   (1,000,000)
Vested   (5,629,400)
Outstanding as of December 31, 2023   7,996,700 
Schedule of Changes in the Share Options Granted A summary of the changes in the share options granted by the Company during the years ended December 31, 2021, 2022 and 2023 is as follows:
  

Number of
share
options

  

Weighted
average
exercise
price

  

Aggregate
intrinsic
value

 
Outstanding as of January 1, 2021   22,298,757   $0.54   $57,082,970 
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 
Forfeited   (885,560)  $0.56   $(2,409,012)
Exercised   (97,200)  $0.50   $(302,604)
Outstanding as of December 31, 2023   17,022,180   $0.53   $42,328,713 
Exercisable as of December 31, 2023   14,301,480   $0.54   $38,503,322 
Schedule of Fair Value of Share Options Granted Assumptions used to determine the fair value of share options granted during the years ended December 31, 2021, 2022 and 2023 is summarized in the following table:
   Years ended December 31, 
(In thousands)  2021   2022   2023 
Risk-free interest rate(i)   1.22%-1.52%    0.90%-1.67%    N/A 
Expected dividend yield(ii)   0.00%   0.00%   N/A 
Expected volatility(iii)   35.01%-36.00%   29.44%-34.81%    N/A 
Grant date fair value   $0.06-$0.65    $0.00-$0.0044    N/A 
(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.