Meitu CEO: At the end of last year, the liquidation of cryptocurrencies made a profit of 570 million yuan, of which 80% was distributed to shareholders

PANews reported on June 3 that according to the WeChat official account of "LatePost", Meitu CEO Wu Xinhong said when talking about the company's cryptocurrency investment that he voted in favour as a board member at that time and regarded it as an investment. At the end of last year, Meitu made a profit of 570 million yuan from its liquidation of cryptocurrencies, of which 80% was distributed to shareholders. Wu Xinhong said frankly that if he can choose again, he is more willing to use the funds to find a team that collaborates with the company's business. He pointed out the problems of cryptocurrency investment: when bitcoin crashes, the stock price will fall even if the company's performance improves; When Bitcoin rises, the stock price does not rise in tandem.

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