Meitu Inc. Announces Strategic Collaboration with Alibaba and $250 Million Convertible Bonds Issue

Reuters
20 May
<a href="https://laohu8.com/S/MEIUF">Meitu Inc.</a> Announces Strategic Collaboration with Alibaba and $250 Million Convertible Bonds Issue

Meitu Inc. has announced a strategic collaboration with Alibaba.com China Limited, an indirect wholly-owned subsidiary of Alibaba Group Holding Limited. The partnership will focus on e-commerce, AI technology, and cloud computing capabilities. As part of this collaboration, Meitu Inc. plans to issue Convertible Bonds to Alibaba.com China Limited, with a total principal amount of approximately US$250 million. The bonds have a term of three years and an initial Conversion Price of HK$6.00 per Conversion Share. The company believes this partnership will bolster its strategic initiatives.

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