Xiaomi, the Chinese company known for its cheap handsets and a vision to drive revenues by selling internet services, has come in ahead of analysts’ estimates in its fourth-quarter profit although revenues missed expectations. The Hong Kong-listed company more than tripled its net profit to 1.85 billion yuan ($276 million), exceeding the 1.7 billion yuan […]
View More Xiaom Q4 sees strong growth in overseas shipment and internet servicesCategory: meitu
Food delivered to the doorstep is not so cheap in China anymore
A big selling point of ordering food to the doorstep in China is price, which, in the early years, could be much cheaper than eating in-house. That’s arguably indulged a demographic of lazy, indoorsy eaters, but that may not last for much longer. Over the past few months, users in China have noticed incremental price […]
View More Food delivered to the doorstep is not so cheap in China anymoreSelfie app maker Meitu eyes overseas gaming market with $340 million deal
China’s largest selfie app maker Meitu has been busy working to diversify itself beyond the beauty arena in China. On Wednesday, the Hong Kong-listed company announced in a filing that it has agreed to pay about HK$2.7 billion ($340 million) for a 31 percent stake in game publishing company Dreamscape Horizon. Dreamscape Horizon, a subsidiary of […]
View More Selfie app maker Meitu eyes overseas gaming market with $340 million dealXiaomi gobbles up selfie phone brand Meitu as revenue jumps 49%
Xiaomi is diversifying into a new range of phones as the Chinese smartphone maker announced impressive growth with its latest financials. The company announced it will take over selfie app maker Meitu’s smartphone business to go after new demographics, particularly women, while it lodged impressive 49 percent revenue growth in Q3. Xiaomi posted a net profit of 2.481 […]
View More Xiaomi gobbles up selfie phone brand Meitu as revenue jumps 49%Popular Chinese selfie app Meitu now includes 3D editing
You’ve probably had the experience of posing awkwardly for a photo while everyone else looks great. Now China’s top photo-editing firm Meitu has a solution that helps you resist the urge to trash that photo. Meitu’s namesake app, which claims over 100 million monthly active users as of August, recently launched a feature that lets users […]
View More Popular Chinese selfie app Meitu now includes 3D editingTink Labs, which gives free-to-use smartphones to hotel guests, is raising $300M
Tink Labs, a Hong Kong startup that develops smartphones that hotels provide to their guests for free, is raising a new round of up to $300 million to further its international footprint, TechCrunch has come to understand. The startup is in the final stages of completing the deal that could give its six-year-old business a […]
View More Tink Labs, which gives free-to-use smartphones to hotel guests, is raising $300MFormer Google China head targets AI opportunities with new $900M Sinovation fund
Sinovation Ventures, one of China’s prominent funds which is helmed by former Google China head Kaifu Lee, has announced a new investment fund that’s targeted at a total raise of $900 million. This newest fund is the firm’s fourth, and it promises to be its largest to date. Sinovation is a little different from other firms in […]
View More Former Google China head targets AI opportunities with new $900M Sinovation fundDespite IPO surge, Hong Kong investors aren’t tech savvy, warns Razer CEO
Xiaomi and Ant Financial are two of a cluster of major tech names being linked with IPOs in Hong Kong. But, despite a burst of upcoming tech listings and new measures that are tipped to encourage more, the country still has some way to go to match the U.S. as a destination for startup exits, […]
View More Despite IPO surge, Hong Kong investors aren’t tech savvy, warns Razer CEOFantasy sports platforms could have a big future in blockchain
With the number of fantasy sports players in North America heading past 60 million, and the industry said to be worth more than $7 billion, fantasy sports games are clearly on the rise. On the web, the two biggest players are FanDuel and DraftKings, which between them control 90 percent of the market. But translating […]
View More Fantasy sports platforms could have a big future in blockchainGoxip raises $5M led by Meitu to build an influencer marketing platform for fashion in Asia
Goxip, a Hong Kong-based social shopping service, has raised $5 million to branch out into influencer marketing.
The investment was led by Meitu, the $6 billion Hong Kong-listed company that develops selfie apps and selfie-optimized phones, with participation from Hong Kong conglomerate Nan Fung Group via its inaugural Mills Fabrica Fund.
Others who took part include a trio of young female… Read More