To The Moon

MEITU (01357) saw its shares climb more than 4%, rising 4.71% to HK$7.33 by the time of writing, with a trading volume of HK$55.4276 million. On December 31, MEITU announced it had issued $250 million in convertible bonds to Alibaba. Morgan Stanley released a research report stating that if all convertible bonds are fully converted, Alibaba would hold a 6.82% stake in MEITU, becoming its third-largest shareholder. The bank views this development as positive news, anticipating a further deepening of the collaboration between MEITU and Alibaba, particularly expecting strong synergies in the field of e-commerce design. It is noteworthy that information from the China Securities Regulatory Commission's website shows that Suiyuan Technology, one of the four leading domestic GPU companies, has completed its IPO辅导工作, marking the next phase in its listing process. Public information indicates that Tencent is the largest shareholder of Suiyuan Technology, having participated in multiple rounds of its financing. Zhao Lidong and Zhang Yalin are jointly the second-largest shareholders of Suiyuan Technology. The National Integrated Circuit Industry Investment Fund Phase II is the fifth-largest shareholder, while MEITU is its fourteenth-largest shareholder.