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ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2024
Accrued Liabilities and Other Liabilities [Abstract]  
Summary of accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of the following:

 

As of December 31,

 

 

As of June 30,

 

 

2023

 

 

2024

 

 

US$

 

 

US$

 

Accrued payroll and welfare

 

 

19,043,496

 

 

 

13,156,748

 

Income and non-income-based taxes payables

 

 

7,319,738

 

 

 

9,084,256

 

Accrued professional expenses

 

 

4,300,517

 

 

 

3,818,169

 

Accrued marketing expenses

 

 

3,863,879

 

 

 

4,073,134

 

Advanced from customers

 

 

3,425,224

 

 

 

4,331,955

 

Accrued data and IT service expenses

 

 

1,301,092

 

 

 

3,331,258

 

Amounts due to employees for sale of their shares exercised under the share
 incentive plan

 

 

2,702,901

 

 

 

3,553,877

 

Others

 

 

425,099

 

 

 

2,045,958

 

Total

 

 

42,381,946

 

 

 

43,395,355