Cash and cash equivalents

9 Months Ended

Sep. 30, 2022

Cash and Cash Equivalents [Abstract]

Cash and cash equivalents

Cash and cash equivalents

The following table presents the Company’s cash and cash equivalents as of September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022	December 31, 2021
	$	$
Cash at bank and in hand	818,407	663,472
Cash equivalents (i)	301,069	300,628
	1,119,476	964,100
Denominated in:
US$	1,072,376	932,888
RMB (ii)	41,138	23,791
Hong Kong dollar (“HK$”)	5,035	6,674
Australian dollar (“A$”)	579	475
Taiwan dollar (“TW$”)	348	272
	1,119,476	964,100

(i)Cash equivalents represent short-term and highly liquid investments in a money market fund.

(ii)Certain cash and bank balances denominated in RMB were deposited with banks in mainland China. The conversion of these RMB denominated balances into foreign currencies is subject to the rules and regulations of foreign exchange control promulgated by the Chinese government.