Due from related parties, net

	As of December 31,
	2020		2019
	US$('000)		US$('000)

Zhongwang Xiyue Technology (Beijing) Co., Ltd. (“Zhongwang Xiyue”)		61		81
Guohua Shiji (Beijing) Communication Co., Ltd. (“Guohua Shiji”)		-		172
		61		253
Allowance for doubtful accounts		-		(172	)
Due from related parties, net		61		81

Related parties of the Company represented the Company's direct or indirect unconsolidated investee companies, as well as entities that the Company's officers or directors can exercise significant influence.

As of

December 31, 2020

and

2019,

due from Zhongwang Xiyue represented the

outstanding receivables for the advertising and marketing service that the Company provided to this related party in its normal course of business, which is on the same terms as those provided to its unrelated clients.

As of

December 31, 2019,

amount due from Guohua Shiji represented a short-term working capital loan of

RMB1.20

million (approximately

US$0.17

million) to this related party, which the Company had provided full allowance to against it as of

December 31, 2019.

For the year ended

December 31, 2020,

due to the business activities of Guohua Shiji had become dormant and the

potential recovery of this amount was considered remote,

the Company c

harged off this receivable balance against its related allowance