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AI-Related Stocks Rally in Hong Kong Market, with Meitu Soaring Nearly 15%
2025-05-21 /
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Author：小编
Meitu and Alibaba have inked a convertible bond agreement worth USD 250 million, leading to a remarkable 14.92% surge in Meitu's share price. The collaboration encompasses strategic partnerships in e-commerce platform enhancement, AI technology advancement, cloud computing services, and other key areas. Alibaba will prioritize the promotion of Meitu's AI tools on its e-commerce platform and support the development of innovative tools and functionalities. In return, Meitu has committed to procuring cloud services from Alibaba amounting to no less than RMB 560 million over the next three years.
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