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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WeChat Software Star Weimob Hit by More Loses, Big-Tech Scrutiny

Software as a service (SaaS) specialist’s latest results show it’s still suffering from a pandemic hit, as investors also worry about regulatory crackdown on WeChat parent Tencent Key Takeaways: Weimob’s 50% stock drop over the past month owes to concerns about its continued losses, as well as regulatory scrutiny of big tech Its intrinsic growth story remains intact as the company expands its customer base and partners By Eric Auchard Shares of Weimob Inc. (HKEx: 2013), the top supplier of cloud-based commerce and marketing software for merchants in China’s vast…

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