Meitu Under Fire After Investing $40M in Crypto
Meitu announced that it had purchased $22.1 million worth of Etherium (ETH) and $17.9 million in Bitcoin (BTC) via open market transactions on March 5.
3/9/20212 min read
Tag: #Meitu
Showing 12 of 16 posts with this tag
The Underdog Province Catching Up With China’s Tech Boom
As the number of urban factory workers in Fujian is dwindling, having fallen 22% between 2012 and 2016, the region is faced by the daunting challenge of repositioning itself on the industry specialization spectrum.
Meitu Loses About 312M Yuan Due to Crypto Investment
Chinese technology company Meitu expected to record a net loss of 274.9 million yuan to 349.9 million yuan ($41.1 million - $52.3 million) for the six months ending June 30, 2022. The firm said this is mainly due to the imbalance of purchased cryptocurrencies.
7/4/20222 min read
China's Beautifying Expert, Meitu Rumored to Be Making Phones with Tonino Lamborghini
Meitu launched a co-branded phone in partnership with Italian high-end product brand, Tonino Lamborghini, as a poster that read “Authentic Italian Taste - Stay ...
6/15/20183 min read
Xiaomi's Q3 Earning Report Show Steady Growth Amidst Downward Market Trends
Xiaomi released its Q3 Earnings Report on Nov. 19, demonstrating a strong and steady growth despite a downward trend in global smartphone sales. According to...
11/20/20184 min read
Meitu Launched AI Gift Money during Spring Festival and is Spreading Overseas Rapidly
During the Spring Festival, Meitu, an image processing app, launched an activity called “win money with face score”. Chinese Internet giants used AI (artificial...
Meitu's Stock Price Fluctuates Throughout the Year
In the past 8 months, Meitu's stock price has also experienced a roller coaster-like trend with ups and downs. In the first half of this year, Meitu turned losses into profits, but the main reason was not its core business but the recovery of cryptocurrency prices from previous investments.
Meitu T9 Beauty Smartphone Debuts with MT-AI Chip
Meitu launched its new phone Meitu T9 Beauty Smartphone and a Summer Palace limited edition on June 27. Also unveiled at the launch was the image processing chi...
6/28/20182 min read
Sharp Slump in Bitcoin Price Issues Meitu $17.3 Million Loss
Meitu, a Chinese smartphone maker and owner of a popular photo retouching app, announced on Tuesday that it lost $17.3 million in bitcoin due to a nosedive in ...
Meitu Made Nearly 600 Million by Selling Cryptocurrency
On December 4th, Meitu announced that it had liquidated its cryptocurrency holdings, making a profit of approximately 571 million yuan.
China NFT Weekly: Ripple Effects of Crypto Market Crash
This week: Crypto investor Sequoia Capital China raises $9 billion, Chinese beauty app Meitu records up to $52.3 million in net losses amid crypto market crash, Animoca Brands leads $32 million funding round for Web 3.0 gaming company Planetarium Labs, and more.
2020 TOP 10 Chinese Mobile Apps in Overseas Markets
2020 has turned out to be an unpredictable year, but these 10 Chinese mobile apps have emerged successful in overseas markets, attracting new global users and hitting new DAU records.