On May 20, 2025, Meitu Company announced a strategic cooperation with Alibaba and received a $250 million investment. This cooperation marks that both parties will carry out in-depth cooperation in multiple fields such as e-commerce platforms, AI technology, cloud computing, etc., and jointly promote technological innovation and business development. According to the announcement, Alibaba invests in Meitu Company in the form of convertible bonds, with a total investment amount of $250 million and net proceeds of approximately $249.6 million. The term of this investment is 3 years with an annual interest rate of 1%. Alibaba can convert it within 5 days before the expiration date from the issuance date.