Meitu Discloses Progress of AI Innovation Products on Its 18th Anniversary: Picchi ARR Reaches US$1.11 Million

On October 10, in an internal speech at the company's 18th anniversary celebration, Meitu Chairman Wu Xinhong revealed that over the past year, Meitu established 10 AI innovation studios, among which Picchi and MVLAND have validated product-market fit, with annual recurring revenue reaching US$1.11 million and US$680,000 respectively as of October 9.