Meitu executive: The company no longer focuses on and buys cryptocurrencies, and may sell them at the appropriate time

Odaily News Meitu senior investor relations manager Kang Yicong said that Meitus turnaround this year is largely due to the companys subscription system, which prevents the companys earnings from fluctuating significantly due to macroeconomic changes. The recently popular AI business is also a growth driver for Meitu. It will not only help drive subscriptions, but its profit contribution is also expected to continue to increase. As for the cryptocurrency investment that the market is paying attention to, she revealed that the company no longer focuses on and buys such assets, and may sell them at the appropriate time. The company has basically not purchased any more cryptocurrencies since 2021. The purchases at that time were for strategic considerations, and no operations have been carried out since.