Movement Alert|Meitu Rises 8% in Regular Trading, WeChat AI Ecosystem Integration Combined with Continuous Buybacks and Sector Rally

Market Focus
Yesterday

On July 2, Meitu rose 8% in regular trading, trading at HKD 4.1/share, with turnover of HKD 143 million.

On the news front, Meitu Xiuxiu has been selected as one of the first batch of beta developers to integrate into the WeChat AI Agent ecosystem, collaborating on core scenarios including portrait beautification, collage creation, and ID photo generation. This partnership is expected to leverage WeChat's super-platform to achieve breakthroughs in user reach and monetization. Additionally, the company has been executing aggressive share buybacks, repurchasing over 25 million shares between June 22 and 26, spending approximately HKD 90 million, signaling management's confidence in the company's intrinsic value.

Sector-wide tailwinds also provided support, with the Interactive Media sector rallying broadly. Kuaishou rose 5.62%, Bilibili gained 4.86%, Baidu advanced 4.01%, Tencent climbed 3.49%, and Newborn Town increased 7.02%, creating positive momentum across the board.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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