Movement Alert｜Meitu Inc Rises 5.29% in Regular Trading, Founder Stake Increase Effect Continues Amid Sector-Wide Strength

Market Focus07-08

On July 8, Meitu Inc rose 5.29% in regular trading, trading at HK$4.17/share, with turnover of HK$165 million. The stock continued its upward momentum driven by multiple positive catalysts.

On the news front, Founder, Chairman, and CEO Wu Zeyuan purchased 1.6 million shares in the open market on July 3 at an average price of HK$4.023, raising his stake from 12.93% to 12.97%. Wu has never sold any company shares since founding Meitu and has cumulatively acquired 5.58 million shares since May 2018, signaling sustained confidence in the companys long-term growth. He indicated he does not rule out further increases at an appropriate time.

Additionally, on July 4, both Doubao and Tongyi Qianwen announced the discontinuation of their AI agent features. The market interprets this as reducing direct competitive pressure on Meitus AI Agent product line. Meanwhile, the Interactive Media sector rallied broadly, with Kuaishou up 7.37%, Tencent up 3.77%, Baidu up 5.15%, and Bilibili up 2.99%, providing further support.

(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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