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Subsequent events | 6 Months Ended
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Jun. 30, 2025
Subsequent Events [Abstract] |
Subsequent events | Note 16 — Subsequent events The Company evaluated all events and transactions that occurred after June 30, 2025 up through the date the Company issued these unaudited interim condensed consolidated financial statements. On July 18, 2025, the 30-for-1 Share Consolidation became effective On July 2, 2025, the Company held an Extraordinary General Meeting of Shareholders (the “EGM”). At the EGM, the Company’s shareholders approved four proposals. These included:
| 1. | A 30-for-1 share consolidation of the Company’s issued and unissued Class A and Class B ordinary shares (the “Share Consolidation”).
| 2. | An increase in the authorized share capital to US$6,000,000,000, effective immediately following the Share Consolidation.
| 3. | A capital reduction and reorganization, which includes reducing the par value of the Company’s ordinary shares to US$0.0000001.
| 4. | An amendment to the Company’s Memorandum and Association to reflect the new capital structure following the reorganization.
Proposals 3 and 4 are special resolutions, and their implementation remains conditional upon the sanction of the Grand Court of the Cayman Islands. On July 18, 2025, the Company’s share consolidation plan became effective.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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