Meitu has entered into a strategic investment partnership with Alibaba. Under the agreement, Alibaba will invest $250 million in convertible bonds in Meitu, with a three-year maturity, an annual interest rate of 1%, and a conversion price set at HK$6.00 per share. This collaboration aims to deepen their cooperation in e-commerce, AI technology, cloud computing, and other related fields. Together, they will promote AI-powered e-commerce tools and develop data-driven image and video generation technologies. Additionally, Meitu will procure Alibaba Cloud services worth at least 560 million yuan. It is worth noting that the cooperation agreement is subject to relevant approval conditions.