15-03-2017, 09:29 PM
(This post was last modified: 17-03-2017, 07:32 PM by cyclone.
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Beauty App Meitu Produces Its Second Billionaire
by Sterling Wong
March 15, 2017, 6:48 PM GMT+8 Updated on March 16, 2017, 5:44 PM GMT+8
Wu Xinhong, co-founder and chief executive officer of Meitu Inc., became the second billionaire at the Chinese beauty-enhancing selfie app developer after the stock rose for nine straight days.
The shares extended gains since it was added to a second equity-trading link between China’s Shenzhen exchange and Hong Kong on March 6, and jumped 11 percent to a record HK$14.22 at the close on Tuesday. That gave Wu a net worth of $1 billion, according to the Bloomberg Billionaires Index.
The company said Wu declined to comment and referred to the CEO’s previous statement on how he’s seeking to turn virtual beauty into real-life experiences through its artificial intelligence.
More details in https://www.bloomberg.com/news/articles/...ock-surges
by Sterling Wong
March 15, 2017, 6:48 PM GMT+8 Updated on March 16, 2017, 5:44 PM GMT+8
Wu Xinhong, co-founder and chief executive officer of Meitu Inc., became the second billionaire at the Chinese beauty-enhancing selfie app developer after the stock rose for nine straight days.
The shares extended gains since it was added to a second equity-trading link between China’s Shenzhen exchange and Hong Kong on March 6, and jumped 11 percent to a record HK$14.22 at the close on Tuesday. That gave Wu a net worth of $1 billion, according to the Bloomberg Billionaires Index.
The company said Wu declined to comment and referred to the CEO’s previous statement on how he’s seeking to turn virtual beauty into real-life experiences through its artificial intelligence.
More details in https://www.bloomberg.com/news/articles/...ock-surges
Specuvestor: Asset - Business - Structure.