ChainCatcher news, according to Jinshi reports, Meitu Inc. has sold approximately 31,000 Ethereum and 940 Bitcoin. A total of about 180 million dollars was cashed out, of which about 80% of the funds will be used to pay special dividends.

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.

ChainCatcher news, Meitu announced that it expects to turn a profit in the first half of the year, with a net profit between 220 million and 265 million yuan. The main reason for the expected turnaround is attributed to the market price of purchased cryptocurrencies being higher than the market price on December 31, 2022, resulting in a reversal of impairment losses on purchased cryptocurrencies of approximately 185 million yuan. Since the cryptocurrency purchases in March and April 2021, the group has not bought or sold any cryptocurrencies under its cryptocurrency investment plan.

ChainCatcher news, Meituan announced on the Hong Kong Stock Exchange that it has completed the acquisition of 100% equity in the domestic and foreign entities of the large model startup Lightyear, with an acquisition price of approximately 2.065 billion RMB. The total consideration includes: cash of 234 million USD; debt assumption of 367 million RMB; cash of 1.00 RMB.Meituan stated: "After the acquisition is completed, we will support the Lightyear team to continue exploring and researching in the field of large models." (source link)

ChainCatcher news, according to Quantum Bit, Meituan co-founder Wang Huiwen's AI company Lightyear has completed a $230 million financing round, with a pre-investment valuation of $1 billion, elevating it to the unicorn ranks.It is reported that this round of financing was led by Source Code Capital, with participation from Tencent, Wuyuan Capital, and individual investors including Kuaishou founder Su Hua. (Source link)

According to ChainCatcher news, Meitu's annual performance report for 2022 released on the Hong Kong Stock Exchange shows that as of December 31, 2022, the fair value of Ethereum and Bitcoin purchased by Meitu was $37.3 million and $15.6 million, respectively, with an annual impairment loss of approximately RMB 86.6 million and 198.2 million. (Source link)

According to ChainCatcher news and a report by The Paper, Meituan founder Wang Xing stated in his WeChat Moments that he will personally participate in the Series A investment of Wang Huiwen's startup "Beyond Light Years" and will serve as a director.Wang Xing said: "The AI large model excites me with the immense productivity that is about to be created, but also worries me about its future impact on the entire world. Lao Wang and I have been on the entrepreneurial journey together for nearly twenty years, and since he is determined to embrace this great wave, I must support him."Previously, former Meituan co-founder Wang Huiwen invested $50 million to enter the artificial intelligence field, claiming to build China's OpenAI. His post revealed that he will establish Beijing Beyond Light Years Technology Co., Ltd., with an investment of $50 million and a valuation of $200 million. (source link)

ChainCatcher news, according to an announcement by Meitu Inc. on the Hong Kong Stock Exchange, the group has not purchased or sold any cryptocurrency based on its cryptocurrency investment plan since the purchase of cryptocurrency.According to International Financial Reporting Standards, the group expects to recognize an impairment loss of approximately 285 million yuan for the cryptocurrency purchased in the group's upcoming annual results for the year ended December 31, 2022. The impairment loss on the purchased cryptocurrency offsets part of the impact on the group's net profit from the fair value gains of financial assets measured at fair value with changes recognized in profit or loss. (source link)

According to ChainCatcher news, information from relevant pages shows that the digital RMB smart contract feature has been launched on the Meituan App. The current use case is: when placing an order on Meituan using the designated digital RMB wallet for payment, the smart contract will automatically recognize the information in the order. If the merchant/product name in the order contains "keywords," the system will automatically trigger the smart contract to distribute a daily red envelope of 8,888 yuan, which will be sent to the designated wallet.