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Segment Information
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION

21. SEGMENT INFORMATION

Operating segments are defined as components of an enterprise engaging in businesses activities for which separate financial information is available that is regularly evaluated by the Group’s chief operating decision makers (“CODM”) in deciding how to allocate resources and assess performance. The Group’s CODM has been identified as the Chief Executive officer (“CEO”), who reviews consolidated results including revenue, gross profit and operating profit at a consolidated level only and does not distinguish between products for the purpose of making decisions about resources allocation and performance assessment. As such, the Group concluded that it has one operating segment and one reporting segment.

Substantially all of the Group’s assets are located in the PRC. Revenues, classified by major geographic regions in which the Group’s customers are located are as follows.

 

Year ended December 31,

Geographic regions

 

2018

 

2019

 

2020

Amount

 

%

 

Amount

 

%

 

Amount

 

%

PRC

 

146,235

 

84

%

 

49,346

 

64

%

 

66,160

 

62

%

India

 

 

0

%

 

4,988

 

7

%

 

8,570

 

8

%

Russia

 

10,869

 

6

%

 

3,673

 

5

%

 

5,671

 

5

%

Other countries

 

236

 

0

%

 

7,430

 

10

%

 

2,254

 

2

%

Asia & Pacific

 

157,340

 

90

%

 

65,437

 

86

%

 

82,655

 

77

%

United Kingdom

 

595

 

0

%

 

668

 

1

%

 

11,544

 

11

%

Netherlands

 

1,621

 

1

%

 

1,384

 

2

%

 

5,326

 

5

%

Other countries

 

14,352

 

9

%

 

8,627

 

11

%

 

7,444

 

7

%

Europe

 

16,568

 

10

%

 

10,679

 

14

%

 

24,314

 

23

%

Other

 

327

 

0

%

 

318

 

0

%

 

549

 

0

%

Total

 

174,235

 

100

%

 

76,434

 

100

%

 

107,518

 

100

%