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

On October 16th, Kang Yicong, the senior investor relations manager of Meitu, said that the company's subscription model was a major contributor to its turnaround from loss to profit this year, avoiding significant revenue fluctuations due to macroeconomic changes. The AI business, which has been booming recently, is also a growth driver for Meitu. It not only helps to promote subscriptions, but also is expected to continue to contribute to profits. As for the market's attention to cryptocurrency investments, she revealed that the company is no longer focusing on or buying such assets and may sell them at an appropriate time. The company has basically not purchased any cryptocurrency since 2021, when it was purchased for strategic considerations, and no further actions have been taken.

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