Cash and Cash Equivalents (Tables)

9 Months Ended

Sep. 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):

	September 30, 2023	December 31, 2022
Cash	787,725	1,007,423
Cash equivalents (i)	1,081	1,047
	788,806	1,008,470
Denominated in:
US$	764,765	957,824
RMB (ii)	21,056	45,486
Hong Kong dollar (“HK$”)	2,352	4,378
Australian dollar (“A$”)	553	598
Taiwan dollar (“TW$”)	80	184
	788,806	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.