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WARRANT LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2022
China Equities Hk Limited [Member] | Series C Redeemable Convertible Preferred Shares [Member]  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]  
SCHEDULE FAIR VALUE OF THE WARRANT LIABILITY

The fair value of the warrant liability to China Equities HK Limited for purchasing Series C Redeemable Convertible Preferred Shares as of December 31, 2020 and March 22, 2021 are estimated with the following assumptions used:

 

   December 31, 2020   March 22, 2021 
Risk-free rate of return   0.23%   0.38%
Volatility   53%   54%
Expected dividend yield   0%   0%
Fair value of underlying Series C Redeemable Convertible Preferred Shares   3.12    9.91 
Expected term   2.7 years    2.5 years 
Novo Investment Hk [Member] | Series E Redeemable Convertible Preferred Shares [Member]  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]  
SCHEDULE FAIR VALUE OF THE WARRANT LIABILITY

The fair value of the warrant liability issued to two PRC onshore investment funds for purchasing Series E Redeemable Convertible Preferred Shares as of December 31, 2019 and November 3, 2020 are estimated with the following assumptions used:

 

SCHEDULE OF FAIR VALUE OF THE WARRANT LIABILITY

   December 31, 2019   November 3, 2020 
Risk-free rate of return   0.35%   0.22%
Volatility   53.0%   50%
Expected dividend yield   0.0%   0%
Fair value of underlying Series E Redeemable Convertible Preferred Shares   1.30    2.62 
Expected term   1.2 years    0.5 year 
Novo Investment Hk [Member] | Series F Redeemable Convertible Preferred Shares [Member]  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]  
SCHEDULE FAIR VALUE OF THE WARRANT LIABILITY

The fair value of the warrant liability issued to Novo Investment for purchasing Series F Redeemable Convertible Preferred Shares as of November 13, 2020, December 31, 2020 and January 7, 2021 are estimated with the following assumptions used:

 

SCHEDULE FAIR VALUE OF THE WARRANT LIABILITY

   November 13, 2020   December 31, 2020 and January 7, 2021 
Risk-free rate of return   0.22%   0.19%
Volatility   50%   50%
Expected dividend yield   0%   0%
Fair value of underlying Series F Redeemable Convertible Preferred Shares   2.62    3.12 
Expected term   0.5 year    0.36 years