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CHENGDU, Dec.15 (NBD) -- Meitu, a mobile internet enterprise and popular developer of selfie app, became a listed company (1357) on the Main Board of Hongkong Stock Exchange on Thursday and launched its initial public offering with an opening growth of 3.29% to 8.78 HK dollars

Based in South China's Xiamen city, tech firm Meitu aims to acquire a large number of uses with its free-of -charge innovation products and services. It adjusts focus to cash in on its user base when the number of its loyal customers reaches a fairly large scale.

A strong user base and big data generated by them are core assets of Meitu, which is advantageous uniquely to Meitu in an era of artificial intelligence. 

According to a survey by iResearch in June 2016, 53.5% of photos everyday uploaded to China's major social networks have been processed with Meitu apps. Its monthly active users reached 456 million in October when 6 billion pictures were produced by its image applications.

With its entrance to Hong Kong Stock Exchange, Meitu's listing is estimated to be the largest transaction of tech sector in Hong Kong market after Alibaba B2B in 2007.

 

 

Editor: Zeng Yunheng