FAST NEWS: Meitu adjusted profit triples on rising VIP subscriptions
The latest: Chinese beauty app Meitu Inc. (1357.HK) announced on Sunday that, excluding non-operating items, it expects to report a non-IFRS adjusted profit of between 330 million yuan ($45.9 million)…
Meitu dolls up with spinoff for Singaporean unit
The unit being spun off, AI-powered digital design platform Pixocial, was a major contributor to Meitu’s net profit last year Key Takeaways: Meitu has completed a new funding for its…
FAST NEWS: Meitu’s profit soars on higher VIP subscriptions
The latest: Chinese beauty app Meitu Inc. (1357.HK) announced on Monday it recorded a net profit of 228 million yuan ($31.3 million) in the first half of 2023, reversing a net loss of 266…
CHINA BULLETIN: GDP Growth Comes Up Short
In this week’s issue nostalgia with Henry Kissinger, an e-commerce dust-up and a Chinese “Ugly Duckling” tale. On a scale of 1 to 100, we give the week a 50 for offshore-listed China stocks.
Meitu finds beauty in growing profits
The newly profitable beauty services provider earned an adjusted profit of between 140 million yuan and 155 million yuan in the first half of the year Key Takeaways: Meitu expects…
FAST NEWS: Meitu Records First-Ever Profit Despite Huge Cryptocurrency Loss
The latest: Chinese beauty app Meitu Inc. (1357.HK) announced on Monday it expects to report a net profit of 85 million yuan to 130 million yuan ($12.4 million to $19 million) for 2022,…
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…