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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2020
FAIR VALUE MEASUREMENTS [Abstract]  
Fair Values of Assets and Liabilities
Assets and liabilities measured at fair value on a recurring basis are summarized below:

 
Fair value measurement at December 31, 2019
 
   
Quoted prices in
active markets for
identical assets
(Level 1)
$
   
Significant other
observable
inputs
(Level 2)
$
   
Unobservable
inputs
(Level 3)
$
   
Total
$
 
                         
Cash equivalents
   
55,723
     
     
     
55,723
 
Money market funds
   
537,615
     
     
     
537,615
 
Short-term investments
   
30,324
     
     
72,000
     
102,324
 
Time deposits – non-current
   
216
     
     
     
216
 
Available-for-sale investments – non-current
   
     
     
56,418
     
56,418
 
2017 Convertible Notes
   
     
     
(29,481
)
   
(29,481
)
Share appreciation rights
   
(1,500
)
   
     
     
(1,500
)
                                 
     
622,378
     
     
98,937
     
721,315
 

 
Fair value measurement at September 30, 2020
 
   
Quoted prices in
active markets for
identical assets
(Level 1)
$
   
Significant other
observable
inputs
(Level 2)
$
   
Unobservable
inputs
(Level 3)
$
   
Total
$
 
                         
Cash equivalents
   
485,396
     
     
     
485,396
 
Short-term investments
   
21,891
     
     
20,429
     
42,320
 
Available-for-sale investments – non-current
   
4,993
     
     
37,589
     
42,582
 
Other current assets
   
     
     
17,288
     
17,288
 
Share appreciation rights
   
(7,935
)
   
     
     
(7,935
)
                                 
     
504,345
     
     
75,306
     
579,651
 
Level 3 Instruments Measured at Fair Value on a Recurring Basis

 
Level 3
instruments
measured at fair
value on a
recurring basis
$
 
Assets:
     
Available-for-sale investments
     
       
Current:
     
Balance at January 1, 2019
   
 
Investment during the year
   
72,000
 
         
Balance at December 31, 2019
   
72,000
 
Conversion into ordinary shares of investee
   
(72,000
)
Addition
   
20,429
 
         
Balance at September 30, 2020
   
20,429
 
         
Non-current:
       
Balance at January 1, 2019
   
70,374
 
Impairment loss
   
(1,087
)
Fair value loss included in other comprehensive loss
   
(16,580
)
         
Balance at September 30, 2019
   
52,707
 
Fair value gain included in other comprehensive loss
   
3,711
 
         
Balance at December 31, 2019
   
56,418
 
Allowance for credit loss
   
(13,429
)
Fair value loss included in other comprehensive loss
   
(5,400
)
         
Balance at September 30, 2020
   
37,589
 

Other current assets
     
Balance at January 1, 2019 and December 31, 2019
   
 
Acquisition of subsidiary
   
8,718
 
Additions
   
10,309
 
Disposals
   
(227
)
Write-down
   
(1,329
)
Exchange differences
   
(183
)
         
Balance at September 30, 2020
   
17,288
 

 
Level 3
instruments
measured at fair
value on a
recurring basis
$
 
Liabilities:
     
2017 Convertible Notes
     
Balance at January 1, 2019
   
(636,716
)
Fair value loss
   
(466,102
)
Conversion into Class A ordinary shares
   
1,080,112
 
         
Balance at September 30, 2019
   
(22,706
)
Fair value loss
   
(6,775
)
         
Balance at December 31, 2019
   
(29,481
)
         
Fair value loss
   
(87
)
Conversion into Class A ordinary shares
   
29,568
 
         
Balance at September 30, 2020