Goodwill, Intangible Assets and Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Acquisitions, Goodwill and Intangible Assets

Schedule of the changes in the Group's goodwill by segment

	Advertising &		Value-added
	Marketing		services		Total
	(In US$ thousands)
Balance as of December 31, 2019	$	28,989	$	—	$	28,989
Acquisition of JM Tech		—		30,075		30,075
Currency translation adjustment		1,910		738		2,648
Balance as of December 31, 2020		30,899		30,813		61,712
Acquisition of the company operating Wuta application		51,034		—		51,034
Acquisition of an E-sports team		—		14,745		14,745
Currency translation adjustment		1,813		1,101		2,914
Balance as of December 31, 2021		83,746		46,659		130,405
Currency translation adjustment		(6,585)		(3,669)		(10,254)
Balance as of December 31, 2022	$	77,161	$	42,990	$	120,151

Summary of the Group's intangible assets arising from acquisitions

	As of December 31, 2021						As of December 31, 2022
			Accumulated						Accumulated
	Cost		Amortization		Net		Cost		Amortization		Net
	(In US$ thousands)						(In US$ thousands)
Game related	$	150,371	$	(16,649)	$	133,722	$	140,328	$	(30,029)	$	110,299
Technology		10,172		(5,494)		4,678		2,808		(2,596)		212
Trademark and Domain name		20,078		(4,458)		15,620		12,892		(4,280)		8,612
Supplier-relationship		10,538		(6,961)		3,577		—		—		—
Others		13,924		(4,591)		9,333		13,045		(7,096)		5,949
Total	$	205,083	$	(38,153)	$	166,930	$	169,073	$	(44,001)	$	125,072

Schedule of estimated amortization expenses

Year Ended December 31,	(In US$ thousands)
2023	$	19,026
2024		18,914
2025		15,049
2026		15,137
2027		14,852
Thereafter		41,878
Total expected amortization expense *	$	124,856

* The table above excludes US$0.2 million of indefinite-lived intangible assets which was included in the category of others.

JM Tech

Acquisitions, Goodwill and Intangible Assets

Schedule of consideration of acquisition was allocated based on their fair value of the assets acquired and the liabilities assumed

	As of October 31, 2020
	(In US$ thousands)
Consideration	$	218,590
Redeemable non-controlling interest (Note 17)		55,192
Non-controlling interest		16,133
Total	$	289,915
Short-term investments acquired	$	155,205
Other assets acquired		26,087
Identifiable intangible assets acquired		124,196
Goodwill		30,075
Liabilities assumed		(45,648)
Total	$	289,915

Wuta application

Acquisitions, Goodwill and Intangible Assets

Schedule of consideration of acquisition was allocated based on their fair value of the assets acquired and the liabilities assumed

	As of May 1, 2021
	(In US$ thousands)
Consideration	$	39,540
Fair value of previously held equity interest		26,875
Non-controlling interest		10,811
Total	$	77,226
Cash and short-term investments acquired	$	5,786
Other assets acquired		6,801
Identifiable intangible assets acquired		16,495
Goodwill		51,034
Liabilities assumed		(2,890)
Total	$	77,226

E-sports team

Acquisitions, Goodwill and Intangible Assets

Schedule of consideration of acquisition was allocated based on their fair value of the assets acquired and the liabilities assumed

	As of August 1, 2021
	(In US$ thousands)
Consideration	$	30,953
Identifiable intangible assets acquired	$	19,274
Goodwill		14,745
Liabilities assumed		(3,066)
Total	$	30,953