HK Stock Market Move | MEITU (01357) rises by over 4% again. The company has recently reached a strategic cooperation agreement with Alibaba, promoting company growth through globalization strategy.

MEITU (01357) rose by more than 4% again, with the cumulative increase exceeding double within the year. As of the announcement, it rose by 4.08% to HK $8.92, with a turnover of HK $395 million. In terms of news, Meitu announced on May 20 that they have reached a strategic cooperation agreement with Alibaba Group in China, and the two parties will deepen cooperation in e-commerce, AI technology, cloud computing, and other areas. At the same time, Meitu plans to issue a total principal amount of US $250 million convertible bonds with an annual interest rate of 1% to Alibaba. If all bonds are converted, Alibaba can hold up to approximately 6.85% of Meitu's equity, becoming the third largest shareholder of Meitu. CICC stated that this cooperation will further enhance Meitu's scarcity in the productivity tool market and the certainty of its productivity income. Yangxing Securities pointed out that as of December 2024, the MAU from markets outside mainland China increased by 21.7% year-on-year to 94.51 million, accounting for 35.6% of total MAU. The company's effective implementation of its globalization strategy has driven overall MAU growth. According to Nonpareil Capital's statistics, in March 2025, MEITU's BeautyPlus and Airbrush ranked 4th and 17th respectively on China's outbound AI application monthly active list; during the same month, Meitu Xiuxiu, Airbrush, BeautyPlus, and Meiyen camera ranked 4th, 12th, 13th, and 20th respectively in the global AI application in-app purchase revenue list.