China: Meitu aims to raise $800m in Hong Kong IPO

Meitu Inc., a photo retouch app developer backed by Qiming Venture Partners, IDG Capital Partners, Foxconn Technology Group, Tiger Global Management, Sina Weibo and others, has moved to the final stage of its planned Hong Kong initial public offer (IPO).

Founded in 2008 by Chinese entrepreneur Cai Wensheng, Meitu’s flagship mobile app Meitu Xiuxiu, enables users to edit photos for posting on social media apps and reports that  as at the end of June 2016, it has 446 million monthly active users.

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