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Meitu and Alibaba have concluded a $250 million convertible bond agreement, marking the commencement of strategic collaborations in key areas including e-commerce platforms, AI technology, and cloud computing. The announcement highlights that this partnership will bolster Meitu's efforts to enhance and promote its productivity tools, notably the Meitu Design Studio. Morgan Stanley has issued a research report emphasizing that by leveraging Alibaba's robust e-commerce ecosystem, Meitu's long-term growth potential is poised to become even more promising. This collaboration further underscores the mutually beneficial, non-competitive relationship between Meitu and Alibaba in the realms of AI-driven images, videos, and design. In light of this development, Morgan Stanley has reaffirmed its 'Overweight' rating for Meitu.
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