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Short-Term Deposits
12 Months Ended
Dec. 31, 2024
Short-Term Deposits [Abstract]  
Short-term deposits
4.Short-term deposits

 

Short-term deposits represent time deposits placed with banks with maturities longer than three months but less than one year. Interest earned is recorded as finance income in the consolidated financial statement. As of December 31, 2023 and 2024, substantially all of the Company’s short-term deposits amounting to nil and $4,237,090, respectively, had been placed in reputable financial institutions in the PRC.