Alibaba and Meitu Announce US$250 Million Deal, Sign Cloud Partnership
Chinese technology giants Alibaba and Meitu have announced a major partnership worth US$250 million, marking a significant move for both companies. The deal has sparked strong investor interest, with Meitu’s shares rising nearly 19% on Wednesday to close at HK$7.02—its highest since 2018. Alibaba’s shares also saw a modest rise, ending the day at HK$123.10. […]