Cash and Cash Equivalents

3 Months Ended

Mar. 31, 2024

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

Cash and Cash Equivalents

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

	March 31, 2024	December 31, 2023
Cash	649,666	789,051
Cash equivalents (i)	1,114	1,100
	650,780	790,151
Denominated in:
US$	630,583	762,436
Renminbi (“RMB”) (ii)	17,878	25,093
Hong Kong dollar (“HK$”)	1,513	1,974
Australian dollar (“A$”)	557	587
Taiwan dollar (“TW$”)	249	61
	650,780	790,151

(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.