Cash and Cash Equivalents

9 Months Ended

Sep. 30, 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):

	September 30, 2024	December 31, 2023
Cash	614,937	789,051
Cash equivalents (i)	1,149	1,100
	616,086	790,151
Denominated in:
US$	575,116	762,436
Renminbi (“RMB”) (ii)	40,092	25,093
Hong Kong dollar (“HK$”)	53	1,974
Australian dollar (“A$”)	580	587
Taiwan dollar (“TW$”)	245	61
	616,086	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.