MEITU (01357.HK) -0.240 (-3.419%) Short selling $74.12M; Ratio 11.051% forged a strategic partnership with BABA-W (09988.HK) -2.300 (-1.868%) Short selling $532.22M; Ratio 13.755% , seizing a USD250 million investment. This news propelled MEITU's stock price to open 14.92% higher today (21st), at HKD6.78, with a 14.92% upsurge. The trading volume was 12.7045 million shares, involving HKD86.1365 million.MEITU announced plans to engage in strategic cooperation with BABA-W's wholly-owned subsidiary, Alibaba Network, or its designated affiliates in areas such as e-commerce, AI technology, and cloud computing. Related NewsBOCOMI Foresees Alibaba Cloud Rev. Growth to Expedite; Rating Kept BuyConcurrently, the company will issue three-year convertible bonds with a principal amount of USD250 million to Alibaba Network, at an annual interest rate of 1%, with an initial conversion price of HKD6 per share.BABA-W will provide cloud computing technology support to MEITU, while MEITU commits to purchasing no less than RMB560 million worth of cloud services from BABA-W over three years and exploring more innovative projects. The cooperation is subject to relevant government approvals and other prerequisites. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 12:25.)