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Related party transactions (Tables)
12 Months Ended
Dec. 31, 2022
Related party transactions  
Schedule of related parties and their relationships with the Group

The table below sets forth the major related parties and their relationships with the Group:

Major related parties

  

Relationship with the Group

Guangzhou Sunhongs Corp., Ltd. (“Guangzhou Sunhongs”)

Significant influence exercised by a principal shareholder of the Company

Kingsoft Cloud Holdings Limited (“Kingsoft Cloud”)

Significant influence exercised by a principal shareholder of the Company

Shopline*

Investment with significant influence

Xiaomi Corporation (“Xiaomi Group”)

Controlled by a principal shareholder of the Company

Huya **

Investment with significant influence

*    Since September 6, 2022, Shopline became a subsidiary of the Group and ceased to be a related party of the Group.

**  Since April 3, 2020, Huya ceased to be a subsidiary of the Group and the Group accounted for the investment in Huya using the equity method.

Schedule of significant related party transactions

During the years ended December 31, 2020, 2021 and 2022, significant related party transactions are as follows:

For the year ended December 31, 

2020

2021

2022

    

US$

    

US$

    

US$

Disposal of investments to related parties

20,271

Bandwidth service provided by Guangzhou Sunhongs

14,229

3,287

1,513

Promotion expense charged from related parties

2,533

3,149

5,322

Bandwidth service provided by Kingsoft Cloud

2,126

448

Loan to related parties

 

723

 

34,035

 

28,062

Purchase of fixed assets from Kingsoft Cloud

 

427

 

 

Payments on behalf of related parties, net of repayments

 

335

 

55,301

 

36,522

Others

 

850

 

2,552

 

2,862

Schedule of the amounts due from/to related parties

December 31, 

2021

2022

    

US$

    

US$

Amounts due from related parties, current

 

  

 

  

Amounts due from Shopline

56,316

Others

 

668

 

1,794

Total

56,984

1,794

Amounts due to related parties

 

  

 

  

Due to Huya

4,363

1,262

Due to Xiaomi Group

 

1,384

 

1,750

Due to Guangzhou Sunhongs

 

128

 

146

Others

 

1,056

 

67

Total

 

6,931

 

3,225

*Other receivables and payables from/to related parties are unsecured and payable on demand.