News Snapshot:
(China Daily) Chinese internet company Meitu on Wednesday reported its revenue in the first half of 2022 increased by 20.5 percent year-on-year to 971.2 million yuan ($141 million). During the period, Meitu recorded an adjusted net profit attributable to the parent company of 36 million yuan, increasing 7.9 percent year-on-year. The company, headquartered in Xiamen, East China's Fujian province, attributed the growth to its VIP subscription services, which reached 339.2 million yuan, up 61.4 percent year-on-year. Moreover, its image software-as-a-service (SaaS) businesses soared more than 15 times from the same period of last year to 226.6 million yuan. Founded in...
