Meitu CEO: Profit of 570 million yuan after clearing cryptocurrency, 80% of the profit has been distributed to shareholders

Odaily Planet Daily News: According to LatePost, Meitu CEO Wu Xinhong said, "Previously, the company's blind diversification strategy was mostly led by him, not Cai Wensheng. I don't want to comment on Meitu buying coins anymore because it has become a thing of the past. From the vote of the board of directors at that time, I also voted in favor of Meitu buying coins, I just regarded it as an investment. From the results, it is indeed a good investment return. At the end of last year, Meitu sold all the cryptocurrencies it held and earned 570 million yuan, and 80% of the profits were distributed to shareholders. However, if I could travel back in time, I may be more willing to use this money to find some good teams that can coordinate with our business. Sometimes, even though the performance has significantly improved, we catch up with the sharp decline of Bitcoin. Our stock price immediately fell, but when Bitcoin rose, our stock price didn't actually rise