Meitu CEO: Profit of 570 million yuan after clearing out cryptocurrencies, 80% of the profit has been distributed to shareholders
06-03 10:29
Odaily News According to LatePost, Meitu CEO Wu Xinhong said, "Previously, the company's blind diversification strategy was mostly led by him, not Cai Wensheng. I don't want to comment on Meitu's purchase of cryptocurrencies because it has become a thing of the past. Judging from the vote of the board of directors at the time, I also voted in favor of Meitu's purchase of cryptocurrencies. I just regarded it as an investment. Judging from the results, it is indeed a good return on investment. At the end of last year, Meitu sold all its cryptocurrencies and made 570 million yuan, and 80% of the profit was distributed as dividends to shareholders. However, if I could travel back in time, I might be more willing to use the money to find some good teams that can collaborate with our business. Sometimes, even though the performance has improved significantly, our stock price immediately fell when Bitcoin plummeted, but when Bitcoin rose, our stock price did not rise."
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