Prominent Meitu Investor Trims Stake After Years of Only Filtered Profits
Lee Kai-Fu, a former senior Google executive-turned-venture capitalist, has slashed his stake in the beauty app operator as it continues struggling to turn a profitKey Takeaways:Prominent venture capitalist and former…
FAST NEWS: So-Young Upsizes Share Repurchase Program
The Latest: Cosmetic surgery app operator So-Young International Inc. (SY.US) said on Tuesday it will upsize its share repurchase program announced late last year from an original $15 million to…
FAST NEWS: Meitu Takes Full Control of Ruisheng Tianhe Advertising Unit
The Latest: Chinese beauty app Meitu Inc. (1357.HK) said on Sunday it will purchase the remaining 19.81% of its majority-owned Ruisheng Tianhe subsidiary from a minority shareholder group for up…
Bad Cryptocurrency Investments Take Shine Off Meitu
Beauty software company says it will record a nearly $50 million write-down in the first half of the year related to its bets on Bitcoin and Ether Key Takeaways: Beauty…
Meitu’s B2B Makeover Gains Momentum. First Profits in Sight?
Company best-known for its beauty app has found a second life in selling services to photo studios and cosmetics stores Key Takeaways: Meitu reported its revenue grew 40% last year,…
Meitu’s Latest Earnings Report: Debutante, or Fading Beauty?
Beauty app operator edges closer to profitability as user numbers fall in shift to quality-over-quantity approach Key takeaways: Meitu is focusing its resources on people who spend money on its…
