v3.25.2
Organization and Principal Activities (Tables) - Variable Interest Entity [Member]
 6 Months Ended
Jun. 30, 2025
Organization and Principal Activities [Line Items]  
Schedule of Companies Subsidiaries, VIEs and VIEs

As of issuance date of this report, details of the Company’s subsidiaries, VIEs and VIEs’ subsidiaries are as follows:

 

   Date of     Percentage 
   incorporation/  Place of  of legal 
Name  acquisition  incorporation  ownership 
           
Intermediate Holding Company:           
Broad Cosmos Enterprises Ltd. (“Broad Cosmos”) (4)  June 26, 2006  British Virgin Islands (“BVI”)   100 
AirNet International Limited (“AirNet International”) (4)  July 14, 2007  BVI   100 
AirNet (China) Limited (“AN China”) (4)  August 5, 2005  Hong Kong   100 
One World Global Travel Inc. (“One World”) (3)  February 29, 2024  the U.S.   100 
Global International Travel Limited (“Global Travel”) (3)  March 1, 2024  BVI   100 
IGlobal Travel Limited (“IGlobal Travel”) (3)  March 15, 2024  Hong Kong   100 
AirNet Technology Ohio Inc. (“AirNet Ohio”)  February 6, 2025  United States   100 
Robust Achievement Limited (“Robust Achievement”)  March 5, 2025  Hong Kong   100 
Subsidiaries:           
Blockchain Dynamics Limited(1)  January 11, 2021  Hong Kong   100 
Energy Bytes Inc.(1)  January 21, 2022  United States   100 
Yuehang Chuangyi Technology (Beijing) Co., Ltd. (“Chuangyi Technology”) (4)  September 19, 2005  the PRC   100 
Shenzhen Yuehang Information Technology Co., Ltd. (“Shenzhen Yuehang”) (4)  June 6, 2006  the PRC   100 
Xi’an Shengshi Dinghong Information Technology Co., Ltd. (“Xi’an Shengshi”) (4)  December 31, 2007  the PRC   100 
Beijing Youxing Technology Co., Ltd. (“Beijing Youxing”) (3)  April 10, 2024  the PRC   100 
Beijing Labaku Information Technology Co., Ltd. (“Beijing Labaku”) (3)  May 14, 2024  the PRC   100 
Beijing Suida Real Estate Development Co., Ltd. (“Beijing Suida”) (3)  November 30, 2004  the PRC   100 
VIEs:           
Beijing Linghang Shengshi Advertising Co., Ltd. (“Linghang Shengshi”) (4)  August 7, 2005  the PRC   N/A 
Wangfan Tianxia Network Technology Co., Ltd.(“Iwanfan”) (4)  May 6, 2016  the PRC   N/A 
Yuehang Sunshine Network Technology Group Co., Ltd. (“AirNet Online”) (4)  April 30, 2015  the PRC   N/A 
VIEs’ subsidiaries:           
Beijing Yuehang Digital Media Advertising Co., Ltd. (“Beijing Yuehang”) (4)  January 16, 2008  the PRC   N/A 
Beijing AirNet Pictures Co., Ltd. (“AirNet Pictures”) (4)  September 13, 2007  the PRC   N/A 
Wenzhou Yuehang Advertising Co., Ltd. (“Wenzhou Yuehang”) (4)  October 17, 2008  the PRC   N/A 
Beijing Dongding Gongyi Advertising Co., Ltd. (“Dongding”) (4)  February 1, 2010  the PRC   N/A 
Guangzhou Meizheng Online Network Technology Co., Ltd. (“Guangzhou Meizheng”) (4)  May 17, 2013  the PRC   N/A 
Air Esurfing Information Technology Co., Ltd. (“Air Esurfing”) (4)  September 25, 2013  the PRC   N/A 
Wangfan Linghang Mobile Network Technology Co., Ltd. (“Linghang”) (4)  April 23, 2015  the PRC   N/A 
Beijing Wangfan Jiaming Pictures Co., Ltd. (“Wangfan Jiaming”) (4)  December 31, 2015  the PRC   N/A 
Meizheng Network Information Technology Co., Ltd. (“Meizheng Network”) (4)  August 8, 2016  the PRC   N/A 
Beijing Wangfan Jiaming Advertising Co., Ltd. (“Jiaming Advertising”) (4)  January 1, 2007  the PRC   N/A 
Shandong Airmedia Cheweishi Network Technology Co., Ltd. (“Shangdong Cheweishi”) (2)  July 21, 2016  the PRC   N/A 
Dingsheng Ruizhi (Beijing) Investment Consulting Co., Ltd. (“Dingsheng Ruizhi”) (4)  May 25, 2016  the PRC   N/A 
Yuehang Zhongying E-commerce Co., Ltd. (“Zhongying”) (4)  May 17, 2018  the PRC   N/A 
Beijing Airport United Culture Media Co., Ltd. (“Airport United”) (4)  June 19, 2018  the PRC   N/A 
Yuehang Sunshine (Beijing) Asset Management Co., Ltd. (“Yuehang Asset”) (4)  January 18, 2019  the PRC   N/A 
Air Joy Media Private Limited (“Air Joy”) (4)  November 15, 2019  Singapore   N/A 
(1)The two subsidiaries were disposed in March 2024.
(2)The subsidiary discontinued operations in January 2024.
(3)The subsidiaries were disposed in August 2024.
(4)The subsidiaries were disposed in September 2025.
Schedule of VIEs Consolidated Financial Statements

The following financial statement information for AirNet’s VIEs were included in the accompanying unaudited condensed consolidated financial statements, presented net of intercompany eliminations:

 

   As of
December 31,		   As of
June 30,		 
   2024   2025 
       (unaudited) 
Total current assets of discontinued operations  $21,842   $22,100 
Total non-current assets of discontinued operations   9,987    9,726 
           
Total assets   31,829    31,826 
           
Total current liabilities of discontinued operations   78,245    79,101 
Total non-current liabilities of discontinued operations   3,631    3,729 
           
Total liabilities  $81,876   $82,830 
Schedule of VIEs Consolidated Statement of Cashflow
   For the six months ended
June 30,		 
   2024   2025 
   (unaudited)   (unaudited) 
Net income (loss) from discontinued operations, net of income taxes  $21,683   $(39)
Net cash provided by discontinued operating activities   6,575    622 
Net cash (used in) provided by discontinued investing activities   (205)   261 
Net cash provided by discontinued financing activities   228    —