Cash and Cash Equivalents (Tables)

6 Months Ended

Jun. 30, 2023

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

The following table presents the Company’s cash and cash equivalents ($ in thousands):

	June 30, 2023	December 31, 2022
Cash	858,089	1,007,423
Cash equivalents (i)	1,066	1,047
	859,155	1,008,470
Denominated in:
US$	832,974	957,824
RMB (ii)	21,968	45,486
Hong Kong dollar (“HK$”)	3,485	4,378
Australian dollar (“A$”)	578	598
Taiwan dollar (“TW$”)	150	184
	859,155	1,008,470

(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.