China: Meitu books higher losses after pre-IPO share value jumps

China: Meitu books higher losses after pre-IPO share value jumps

Chinese photo app maker Meitu Inc‘s first-half 2016 losses widened as, in keeping with accounting norms, it booked losses for a jump in the value of shares issued to investors ahead of a planned IPO, the company’s listing documents showed.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter