Informed sources: Meitu no longer focuses on or buys cryptocurrencies, and may sell at the appropriate time

ChainCatcher news, according to Hong Kong's Sing Tao Daily, Meitu's Senior Investor Relations Manager, Kang Yicong, stated that this year's turnaround to profitability for Meitu is largely attributed to the company's subscription model, which helps avoid significant fluctuations in revenue due to macroeconomic changes. The recently booming AI business is also a growth driver for Meitu, not only helping to boost subscriptions but also expected to continue increasing its profit contribution.

As for the market's focus on cryptocurrency investments, she revealed that the company is no longer prioritizing or purchasing such assets and may sell them at an appropriate time. Since 2021, the company has basically not made any further purchases of cryptocurrencies, as the initial acquisition was a strategic consideration, and no operations have been conducted since then.