Meitu Looks for Makeover in Software as a Service

Popular beauty app boosts stake in SaaS specialist Meidd Technology, which supplies more than 10,000 cosmetic stores across China Key Takeaways: Meitu’s latest makeover is targeting a software as service (SaaS) model that helps retailers and brands attract buyers on its app The SaaS model seeks to convert the company’s vast user base into paying customers in its drive to deliver profitability By Eric Auchard Chinese beauty app Meitu Inc. (1357.HK) – whose business has turned appearances into a data science – is delving deeper into the economics behind the…

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Meitu’s Latest Earnings Report: Debutante, or Fading Beauty?

Beauty app operator edges closer to profitability as user numbers fall in shift to quality-over-quantity approach Key takeaways: Meitu is focusing its resources on people who spend money on its app rather than simply boosting its user base The shift could finally help it achieve profitability this year for its core operations. By Doug Young The latest earnings report from beauty app Meitu Inc. (HKEx: 1357) contains a lot of moving parts, reflecting a company still in search of elusive profits more than four years after its IPO. Investors clearly…

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