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CONCENTRATIONS AND RISKS (Tables)
12 Months Ended
Dec. 31, 2024
Risks and Uncertainties [Abstract]  
Schedule of total revenue
            
   For the years ended
December 31,
 
   2022   2023   2024 
   US$’000   US$’000   US$’000 
Customer A   40,824    19,326    N/A(i) 
Customer B   38,821    N/A(i)    N/A(i) 
Customer C   N/A(i)    N/A(i)    27,560 

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(i) Revenue from the relevant customer was less than 10% of the Company’s total revenue for the respective year.
Schedule of total accounts receivable
        
   As of
December 31,
 
   2023   2024 
   US$’000   US$’000 
Customer D   3,806    N/A(ii) 
Customer E   1,785    N/A(ii) 
Customer F   N/A(ii)    2,204 

_______________ 

(ii) Accounts receivable from relevant customers was less than 10% of the Company’s total accounts receivable for the respective year.
Schedule of total purchases
            
   For the years ended
December 31,
 
   2022   2023   2024 
   US$’000   US$’000   US$’000 
Supplier A   N/A(iii)    20,470    13,241 
Supplier B   36,928    N/A(iii)    N/A(iii) 
Supplier C   35,071    N/A(iii)    N/A(iii) 
Supplier D   N/A(iii)    21,433    N/A(iii) 
Supplier E   N/A(iii)    19,430    N/A(iii) 
Supplier F   N/A(iii)    N/A(iii)    22,321 
Supplier G   N/A(iii)    N/A(iii)    14,167 

_______________ 

(iii) Purchase from relevant suppliers was less than 10% of the Company’s total purchase for the respective year.
Schedule of total accounts payable
        
   As of December 31, 
   2023   2024 
   US$’000   US$’000 
Supplier H   1,482    N/A(iv) 
Supplier G   1,470    1,726 
Supplier J   1,696    N/A(iv) 
Supplier F   N/A(iv)    3,370 

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(iv) Accounts payable from relevant suppliers was less than 10% of the Company’s total accounts payable for the respective year.