SEC Comment Letter 0000000000-23-013553 to GigaCloud Technology Inc (GCT) (CIK 0001857816) (GCT)
GigaCloud Technology Inc (GCT) (CIK 0001857816)
Date: Dec. 12, 2023 · CIK: 0001857816 · Accession: 0000000000-23-013553
AI Filing Summary & Sentiment
File numbers found in text: 001-41454
Letter
United States securities and exchange commission logo December 12, 2023 Larry Lei Wu Chief Executive Officer GigaCloud Technology Inc Unit A, 12/F, Shun Ho Tower 24-30 Ice House Street Central, Hong Kong Re:GigaCloud Technology Inc Form 20-F for Fiscal Year Ended December 31, 2022 Response dated December 4, 2023 File No. 001-41454 Dear Larry Lei Wu: We have reviewed your December 4, 2023 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our November 16, 2023 letter. Form 20-F for Fiscal Year Ended December 31, 2022 Consolidated Financial Statements Notes to the Consolidated Financial Statements (y) Segment Reporting, page F-29 1.We note your response to prior comment 1. Given your response stating it is impracticable to accurately attribute revenues by country (which is expected to be rare), please tell us the specific aspects of providing this disclosure that are impracticable and explain in detail why each aspect is impracticable for each of the typically utilized allocation methods (e.g. by selling location, customer location, or the location to which the service is provided). If your impracticability assertion for one or more specific aspects surrounds excessive cost, please also demonstrate how you determined the cost would be excessive. Refer to ASC 280-10-05-5 and ASC 280-10-50-40.
FirstName LastNameLarry Lei Wu Comapany NameGigaCloud Technology Inc December 12, 2023 Page 2 FirstName LastName Larry Lei Wu GigaCloud Technology Inc December 12, 2023 Page 2 Please contact Stephen Kim at 202-551-3291 or Abe Friedman at 202-551-8298 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
December 12, 2023
Larry Lei Wu
Chief Executive Officer
GigaCloud Technology Inc
Unit A, 12/F, Shun Ho Tower
24-30 Ice House Street
Central, Hong Kong
Re:GigaCloud Technology Inc
Form 20-F for Fiscal Year Ended December 31, 2022
Response dated December 4, 2023
File No. 001-41454
Dear Larry Lei Wu:
We have reviewed your December 4, 2023 response to our comment letter and have the
following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments. Unless
we note otherwise, any references to prior comments are to comments in our November 16, 2023
letter.
Form 20-F for Fiscal Year Ended December 31, 2022
Consolidated Financial Statements
Notes to the Consolidated Financial Statements
(y) Segment Reporting, page F-29
1.We note your response to prior comment 1. Given your response stating it is impracticable
to accurately attribute revenues by country (which is expected to be rare), please tell us
the specific aspects of providing this disclosure that are impracticable and explain in detail
why each aspect is impracticable for each of the typically utilized allocation methods (e.g.
by selling location, customer location, or the location to which the service is provided). If
your impracticability assertion for one or more specific aspects surrounds excessive cost,
please also demonstrate how you determined the cost would be excessive. Refer to ASC
280-10-05-5 and ASC 280-10-50-40.
FirstName LastNameLarry Lei Wu
Comapany NameGigaCloud Technology Inc
December 12, 2023 Page 2
FirstName LastName
Larry Lei Wu
GigaCloud Technology Inc
December 12, 2023
Page 2
Please contact Stephen Kim at 202-551-3291 or Abe Friedman at 202-551-8298 if you
have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Trade & Services