Market Chatter: Meitu Co-Founder Spends HK$650 Million to Buy Building for Conversion Into Start-up Incubator

MT Newswires Live

2025/05/05

Meitu (HKG:1357) co-founder and chairman Mike Cai Wensheng purchased a 53,000 square foot building in Hong Kong for HK$650 million, the South China Morning Post reported Friday.

Cai plans to transform the 25-story building into the CAI Tower, an incubator for start-ups, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2045819591.USD","symbol_name":"Natixis WCM Global Emerging Markets Equity R/A USD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2533762623","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533762623","pubTimestamp":1746418561,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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