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Beauty-App Maker Meitu Says It Lost Less Money in 2019

2020年01月02日 19:44 来源于 财新网
Company puts on brave face as it predicts shrinking losses and flags push to monetize giant user base
Founded in 2008, Meitu owns a series of mobile apps.

Chinese beauty-app maker Meitu Inc. expects its losses for 2019 to shrink sharply on the previous year, as the company pushes to monetize a large user base and grow revenue from advertising.

Meitu expects to lose between 190 million yuan ($27 million) and 196 million yuan for the year ending December, down 77.3% to 76.6%, the Hong Kong-listed company said in a note this week. It reported a loss of 879 million yuan in 2018.

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