Movement Alert｜Meitu Inc Rises 5.75% in Regular Trading, Founder Increases Holdings as Competitors Withdraw AI Agent Features

Market Focus07-06

On July 6, Meitu Inc rose 5.75% in regular trading, trading at HKD 4.23/share, with turnover of approximately HKD 97.75 million.

Multiple catalysts are driving today's gain. On July 3, founder and Chairman Wu Zeyuan purchased 1.6 million shares at an average price of HKD 4.023, bringing cumulative purchases to 5.58 million shares. Wu has never sold any company shares and indicated he does not rule out further increases, raising his total stake to approximately 12.97% of issued capital.

Additionally, on July 4, both Doubao and Tongyi Qianwen announced the discontinuation of their smart agent functionalities. The market interprets this as a reduction in direct competitive pressure on Meitu's AI Agent product line, which has been a strategic focus following the company's launch of eight AI products at its Imaging Festival in June.

Sector-wide momentum is also providing support, with the Interactive Media sector trading broadly higher. Kuaishou rose 5.77%, Tencent gained 4.17%, and Bilibili advanced 3.70%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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