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MEITU Building AI Innovation Studios w/ RMB10M Base Funding Available for Application
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Wu Xinhong, CEO of MEITU (01357.HK), recently revealed that the company is transitioning from a mid-sized company back to a startup team.

MEITU is establishing AI innovation studios for internal competition. Each studio, capped at 10 members, will prioritize versatile talent. A base funding of RMB10 million will be available for application, and additional investment will be considered based on the actual needs of the project, with a six-month period for product innovation.
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