Meitu Jumped After Issuing $250 Million Convertible Bond To Alibaba

Reuters

2025/05/21

Shares of Chinese online advertising and internet services provider Meitu Inc 1357.HK jump 11% to HK$6.56.

Meitu says it will issue convertible bonds to an indirect unit of Alibaba Group 9988.HK with a total principal amount of $250 mln for a term of three years with an initial conversion price of HK$6 per share

Meitu says it also plans to enter into strategic collaborations with the unit, Alibaba.com China Ltd, in areas in e-commerce, AI technology, and cloud computing capabilities

Hong Kong stock of Alibaba rises 1.1%.

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11:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><head></head><body><p>Shares of Chinese online advertising and internet services provider Meitu Inc 1357.HK jump 11% to HK$6.56.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fef8516a7effce9286f0f6e60c2b683a\" tg-width=\"906\" tg-height=\"828\"/></p><p>Meitu says it will issue convertible bonds to an indirect unit of Alibaba Group 9988.HK with a total principal amount of $250 mln for a term of three years with an initial conversion price of HK$6 per share</p><p>Meitu says it also plans to enter into strategic collaborations with the unit, Alibaba.com China Ltd, in areas in e-commerce, AI technology, and cloud computing capabilities</p><p>Hong Kong stock of Alibaba rises 1.1%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4d62ee6284ef17490184e0aeeefc16b7\" tg-width=\"920\" tg-height=\"843\"/></p><p></p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320764755.SGD","symbol_name":"FTIF - Templeton Asian Growth A Acc SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250521:nL1N3RT026:1","article_id":"2537675186","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537675186","pubTimestamp":1747796991,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-HK-listed Meitu jumps to near 7-year peak on deal with Alibaba** Shares of Chinese online advertising and internet services provider Meitu Inc 1357.HK jump 17.8% to HK$6.95, highest since June 2018** Stock set for the biggest one-day pct rise since August 2023 ** Meitu says it will issue convertible bonds to an indirect unit of Alibaba Group 9988.HK with a total principal amount of $250 mln for a term of three years with an initial conversion price of HK$6 per share** Co says it also plans to enter into strategic collaborations with the unit, Alibaba.com China Ltd, in areas in e-commerce, AI technology, and cloud computing capabilities** Hong Kong stock of Alibaba rises 1.1%** Hang Seng Tech Index .HSTECH and Hang Seng Index .HSI both climb 0.6% ** YTD, Meitu shares up 119.5%    ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"89988":"阿里巴巴-WR","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) 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