3 stories mentioning HKG:1357Updated 25d ago
Every FINWIRES story that references HKG:1357, newest first.
Meitu (HKG:1357) Founder, Chairman, and CEO Wu Zeyuan has raised his stake in the company to 12.97% from 12.93%, according to a Friday Hong Kong bourse filing.Wu purchased 1.6 million shares of the photo and social media app developer in the open market at an average price of HK$4.023 each on July 3.Meitu's shares rose 4% in recent trade.
Meitu (HKG:1357) said the number of paying subscribers using its platform grew 30% year on year to 17.90 million as of end March, according to a Hong Kong bourse filing Wednesday.Paying subscribers for the company's productivity tools grew 53% to 2.34 million, while leisure app subscribers increased 27% to 15.56 million, the firm said.The company's core revenue grew 34.3% year on year to 852 million yuan, while other businesses remained "stable overall."The company's annual recurring revenue for AI-driven productivity apps stood at 580 million yuan as of March, a 56% increase from a year earlier.
Goldstream Investment (HKG:1328) said its wholly owned unit, Redwood, acquired a further 1 million shares of Meitu (HKG:1357) for about HK$4.4 million, according to a Friday Hong Kong bourse filing.Shares of the investment firm fell nearly 4% in morning trade on Monday.The shares were purchased on-market at about HK$4.445 apiece, the company said.The acquisition follows earlier purchases of Meitu shares in April totaling 6 million.
