NEWSUPDATE: Chinese photo editing app Meitu reports a $45.6M crypto-related impairment in H1; stock drops 8.7% in HK after saying it expects impairments to triple from 2021 (Bloomberg)

Tuesday, 5 July 2022

Chinese photo editing app Meitu reports a $45.6M crypto-related impairment in H1; stock drops 8.7% in HK after saying it expects impairments to triple from 2021 (Bloomberg)

Bloomberg:
Chinese photo editing app Meitu reports a $45.6M crypto-related impairment in H1; stock drops 8.7% in HK after saying it expects impairments to triple from 2021 — Shares of Meitu Inc. extended their decline into a fourth day after the beauty-app developer disclosed that it expects …

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