Meitu, a photo and design app developer based in Hong Kong, announced significant growth in its first-half earnings on Monday, revealing a 71% increase in net profit to RMB 470 million ($65 million) compared to the previous year. Revenue also saw a rise of 12.3%, reaching RMB 1.8 billion ($251 million). The company attributes its robust performance to a strategic shift towards artificial intelligence, declaring itself an "AI company" as it embraces AI technologies to enhance its business operations. This transformation reflects the growing importance of AI in the tech industry and Meitu's commitment to leveraging these advancements for future growth.
Education & Research
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Original from TechNode.com: Meitu rebrands as AI company amid profit surge driven by subscriptions, overseas growth
Meitu rebrands as AI company amid profit surge driven by subscriptions, overseas growth
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United States
Joint University of Pittsburgh and US Department of Veterans Affairs laboratory conducting rehabilitation engineering research. Develops mobility devices, assistive technologies, and medical-grade products for people with disabilities.
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Austria
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United States
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France
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United States
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