Software Firm Meitu Lost Up to $52.3M in H1 Due to Slide in Crypto Prices

Software Firm Meitu Lost Up to $52.3M in H1 Due to Slide in Crypto Prices

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Hong Kong-listed software firm Meitu (1357) likely lost RMB 274.9 million to RMB 349.9 million ($41.1 million to $52.3 million) in the first half of 2022, mostly due to a fall in the value of its crypto holdings.

  • The firm’s losses almost doubled, a 99.6% to 154.1% increase, compared to the same period last year, it said in a filing with the Hong Kong Stock…


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