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.