Cash and Cash Equivalents

6 Months Ended

Jun. 30, 2025

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):

	June 30, 2025	December 31, 2024
Cash	730,971	448,508
Cash equivalents (i)	1,188	1,159
	732,159	449,667
Denominated in:
US$	718,384	429,887
Renminbi (“RMB”) (ii)	12,167	18,979
Hong Kong dollar (“HK$”)	606	114
Australian dollar (“A$”)	536	522
Taiwan dollar (“TW$”)	466	165
	732,159	449,667

(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.