Its bitcoin bet behind it, can Meitu find sustained profits in its beauty business?
The beauty software maker has sold all its cryptocurrency holdings and plans to use the profits for business development and a special dividend Key Takeaways: Meitu has sold off the…
Meitu looks for new growth story as China’s economy slows
The beauty app operator expects to report its adjusted profit rose 80% or more in the first half of the year, representing a sharp slowdown from the growth rate in…
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…
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