South China Morning Post: The US liquidation of Bitcoin and Ethereum may have improved due to the performance of photo and video editing applications

On December 5, Meitu Inc. had previously sold approximately 31,000 Ethereum and 940 Bitcoin, of which about 80% of the funds will be used to pay special dividends. According to the South China Morning Post, related dividends may be paid in cash around June or July 2025, with remaining profits used as operating capital. It is reported that Meitu hopes to refocus on developing its core photo, video and design products. For years, Meitu has been striving to monetize its applications including attempting to produce smartphones specifically designed for selfie enthusiasts and transforming its selfie application into a social media platform; recent efforts seem to have significantly boosted its performance. On Thursday morning trading session, Meitu's stock price rose by 3.15% to HK$2.95 (40 US cents), down by 65% from its listing price in 2016.