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<Research>CICC Adds MEITU's TP to HKD7.2; AI & E-commerce Synergy Anticipatable (Correction)
According to a report from CICC, MEITU (01357.HK) has entered into a strategic partnership with Alibaba Group, under which Alibaba will inject USD250 million into MEITU through the...
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<Research>CICC Adds MEITU's TP to HKD7.2; AI & E-commerce Synergy Anticipatable (Correction)
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According to a report from CICC, MEITU (01357.HK)  -0.160 (-2.432%)    Short selling $55.04M; Ratio 8.473%   has entered into a strategic partnership with Alibaba Group, under which Alibaba will inject USD250 million into MEITU through the issuance of a three-year convertible bond with a coupon rate of 1%. The bond can be converted into MEITU shares at a price of HKD6.0 per share (representing a 24% premium over the average closing price YTD) from the issuance date until five business days before maturity.

CICC suggested investors pay attention to the two parties' plans to engage in deep cooperation in areas like AI technology, e-commerce platforms, and cloud computing. The broker kept an Outperform rating on MEITU and raised its target price by 14.3% to HKD7.2.

Related NewsCICC Adds MEITU's TP to HKD6.3; AI & E-commerce Synergy Anticipatable
(Correction: 2025-05-22 11:49:49 <Research>CICC Adds MEITU's TP to HKD7.2; AI & E-commerce Synergy Anticipatable)
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)

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