Cash and Cash Equivalents (Tables)

12 Months Ended

Dec. 31, 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):

	December 31,
	2023	2022
Cash	789,051	1,007,423
Cash equivalents (i)	1,100	1,047
	790,151	1,008,470
Denominated in:
US$	762,436	957,824
RMB (ii)	25,093	45,486
Hong Kong dollar (“HK$”)	1,974	4,378
Australian dollar (“A$”)	587	598
Taiwan dollar (“TW$”)	61	184
	790,151	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.