Meitu CEO: At the end of last year, we cleared our cryptocurrency holdings and made a profit of 570 million yuan, 80% of which was distributed as dividends to shareholders

PANews reported on June 3 that according to the WeChat public account "LatePost", when talking about the company's cryptocurrency investment, Wu Xinhong, CEO of Meitu, said that he voted in favor as a member of the board of directors at the time and regarded it as an investment. Meitu liquidated its cryptocurrency at the end of last year and made a profit of 570 million yuan, of which 80% was distributed as dividends to shareholders. Wu Xinhong admitted that if he could choose again, he would prefer to use the funds to find a team that can cooperate with the company's business. He pointed out that cryptocurrency investment brings troubles: when Bitcoin plummets, the stock price will still fall even if the company's performance improves; and when Bitcoin rises, the stock price does not rise synchronously.

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Author: PA一线

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