Shares of Meitu experienced another significant surge, extending their gains for a second consecutive day, following the release of a suite of artificial-intelligence tools by the Chinese photo-editing app.
During Hong Kong’s morning trade, the stock surged by as much as 15%. This remarkable increase follows a 21% rise observed on Monday when Meitu, headquartered in Xiamen, China, introduced seven new products, including a powerful visual large-language model and a tool capable of generating unique images.
In addition to these innovative offerings, Meitu announced its partnership with Huawei Cloud to develop virtual fitting rooms, further expanding its presence in the market.
Meitu’s shares have demonstrated remarkable growth this year, more than doubling in value, with a notable 74% increase in June alone.
At present, shares are up by 6.3% at HK$3.03, showcasing the strong investor confidence in Meitu’s advancements and strategic collaborations in the field of AI.