In an interview with PANews, Meitu CEO Wu Xinhong shed light on the company’s past cryptocurrency investments, acknowledging his previous support for them as a board member. He attributed the successful liquidation of these holdings to their strategic divestment, leading to a profit of 570 million yuan and a corresponding dividend distribution to shareholders. However, Wu expressed reservations about investing in cryptocurrency again, highlighting the challenges presented by this volatile asset class. Notably, when Bitcoin prices dropped significantly last year, Meitu’s stock price also declined despite positive company performance, while conversely, during periods of Bitcoin growth, the stock price did not demonstrate a corresponding increase.