Meitu’s 2016 Results

Source: Meitu
Source: Meitu

Virtual items, launched on the short video and live streaming app Meipai in June 2016, generated RMB45.6 million in gross sales. More than 60% of the total sales were paid to content creators. Average monthly paying users were more than 200,000.

Advertising revenues decreased 17% year-on-year.

The total monthly active users (MAU) of Meitu apps, including Meitu (photo editing), BeautyCam (selfie editing) and Meipai, was 450 million. Average revenue per MAU was RMB0.292 in 2016.

Source: Meitu

A total of 748,256 smartphones were sold in 2016, up from 387,775 in the previous year.

Average selling price was RMB1959, up from RMB1699 in the previous year. In February 2017 the company launched T Series, which include a more premium-priced model T8.

Meitu got listed on the Hong Kong Stock Exchange in December 2016. Here you can find more about the company’s businesses.


China Tech Newsletter – May 8, 2015

JD Milk Tea Shop (image credit:
JD Milk Tea Shop (image credit: (NASDAQ:JD) reports first quarter results. The online retailer has led a US$500 million investment in online package tour provider Tuniu (NASDAQ: TOUR).

The company also launched today a “JD Milk Tea” shop where smart devices from the JD+ hardware incubation program or partner products are demonstrated. It’s on the InnoWay in Beijing the Chinese premier Li Keqiang visited yesterday.

Meipai, the short-video sharing app launched by Meitu one year ago, has had 140 million users, with 14 million being daily active.

The app sees some one million video clips uploaded each day and 240 million daily video views. Inc. launches 58 Qianbao (“money locker”), an online marketplace for financial products provided by financial institutions including banks, mutual funds, and peer-to-peer lending sites.

A number of Chinese internet companies, including Alibaba’s Ant Financial, Tencent, Baidu and Weibo, have established online platforms that sell financial products from traditional financial institutions.

An internal email to all employees at ChinaHR confirms that has acquired the online recruitment service. Financial terms were not disclosed. (via Sina Tech)

Yihao Zhuanche, the UberX-like rideshare service of Didi-Kuaidi, launches a financial product by partnering with Dianrong, the Shanghai-based peer-to-peer lending site founded by Lending Club co-founder Soul Htite.

Users of the rideshare app have to register with Dianrong to buy the product. Similar to Yu’ebao of Alipay, users are able to make payments for rides with the balance in their Dianrong accounts.

BitAuto reports first quarter earnings.