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.
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.
Meitu Inc. announced six brand-new image-related products on March 5: Chic Camera, Meitu ID Photo, Wink, MeituPic for Mac, Meitu Design Studio and Meitu AI Photo Editing.
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 its value. However, the Xiamen-based company has not expressed plans to sell the cryptocurrency in the short term. Based on their prices as of June 30th, the […]
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.
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.
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.
Xiaomi announced its new sub-brand Xiaomi CC. CC has many meanings including chic, cool, colorful and creative, aiming at the global young generation with its trendy design and camera features.
Xiaomi released its Q3 Earnings Report on Nov. 19, demonstrating a strong and steady growth despite a downward trend in global smartphone sales.
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 chip MT-AI developed by Meitu itself, a mark of its determination to enter the chip industry.
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 Tuned” appeared on Meitu’s official Weibo account.
Meitu will release Meitu T9 on May 22. The new phone will support an AI slimming function.
Meitu’s 2017 financial report showed a surge in revenue. The internet business segment achieved full-year gross profit and single quarter net profit. However, user activity, the most important core indicator of an app’s performance, has fallen sharply, which may be detrimental to its future development.
During the Spring Festival, Meitu, an image processing app, launched an activity called “win money with face score”. Chinese Internet giants used AI (artificial intelligence), AR (augmented reality) and other technologies to develop diverse ways of gifting money.