Meitu Lost Up to $52.3 Million in H1 Due to Slide in Crypto Prices

Meitu lost up to $52.3 million in H1 due to slide in crypto prices. It is said that the app developer had bought 940.89 $BTC and 31,000 $ETH in spring of 2021. The firm's losses almost doubled, a 99.6% to 154.1% increase, compared to the same period last year, it said in a filing with the Hong Kong Stock Exchange on July 1.