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① Meitu purchased cryptocurrency for US$40 million. Can Meitu once again enter the blockchain industry and gain a foothold?

Meitu purchased cryptocurrency for US$40 million. Meitu once again I think this is the right direction to gain a firm foothold when entering the blockchain. Bitcoin is an emerging industry that can bring unlimited space to everyone. Moreover, blockchain technology is the core technology of Bitcoin and is the most important trend in the Internet era. Who can Whoever has the advantage first will be able to capture the market quickly.

With the rapid development of China's economy, the popularity of our Internet is also accelerating, which provides convenience to everyone's life and also allows us to see a broader future. Meitu purchased cryptocurrency for US$40 million. Meitu once again enters the blockchain. I am optimistic about their development. As the core technology of Bitcoin, blockchain technology can change the development direction of our real life and help us achieve better results in our future work. Good help, and blockchain technology can make finance, accounting and other work more transparent and convenient, which solves many problems that are difficult for us to change. This is the real reason why I am optimistic about blockchain technology.

3. What do you think of Meitu’s investment of US$40 million in cryptocurrency this time.

Every enterprise or company has different views on emerging industries. As an Internet company, it is definitely more willing to accept emerging industries. Meitu is basically a computer talent. They have invested so much. Their own ideas must have something that ordinary people have not seen. This time they invested in cryptocurrency and this time they entered blockchain technology. I am very optimistic about their future development. After all, this is an industry hot spot.

Different people have different attitudes towards emerging industries. When we avoid risks, we also avoid returns. Cryptocurrency and blockchain technology require new cognitions and patterns. This belongs to brave people. I am optimistic about their future development.

② Meitu invested 260 million in virtual currency. What is Meitu trying to break through the circle?

Meitu invested 260 million in virtual currency. What Meitu broke out of the circle is trying to figure out investment and development. Because after Meitu announced its financial expenditures, it immediately responded to the matter, saying that this was the beginning of Meitu’s plan to deploy the blockchain. Digital currencies will appreciate in the future. Meitu, as a company, Naturally, they want development and profits, so they have to invest. Since the development prospects of digital currency are good, they will naturally invest.

3. Meitu also thinks this is an investment.

In addition to providing sufficient financial guarantee for the development of blockchain, the chairman of Meitu also said that because he is optimistic about the development of digital currency, he feels that the future is promising, so he will invest in digital currency in large quantities. As a profitable company, Meitu needs sufficient funds to grow and develop, so investment income is also a way for the company to make profits. Digital currencies are developing well, so they choose to invest in digital currencies.

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③ Meitu responded to the chairman of Meitu who bought 260 million cryptocurrency. What do you think of the future of cryptocurrency?

Meitu responded to buying 260 million cryptocurrency. This is a new strategic direction. I am The future of cryptocurrency is very promising. In particular, the blockchain technology in cryptocurrency may be the focus of future Internet changes. However, cryptocurrency has no reference and its growth rate is relatively large. I am optimistic about the new technology of cryptocurrency but regarding the valuation of cryptocurrency and price concerns.

With the continuous development of the Internet, our lives have undergone tremendous changes. These changes have made us feel the charm of emerging industries. At the same time, these emerging industries also bring opportunities and risks. Bitcoin at the forefront is an emerging industry. The best representative has allowed many people to witness the legend of wealth. This is the charm of emerging industries. Meituan’s crazy purchase of 260 million cryptocurrency has attracted the attention of the market. I am very optimistic about cryptocurrency, but the overestimation of the value still makes me a little worried, but I think the blockchain technology applied in Bitcoin has a very promising future. Well, it may change the development model of the future Internet.

3. Cryptocurrency itself does not generate profits. This is the direct reason why I am not optimistic about it.

The cryptocurrency hype in the market has been very crazy. One Bitcoin has reached more than 300,000 yuan. Bitcoin itself does not generate any profit. A thing that does not make any profit is worth more than 300,000 yuan. This is Pretty crazy stuff, and not a single government recognizes cryptocurrencies, which is my biggest concern.

Cryptocurrency, as an emerging industry, brings unlimited space for everyone’s imagination, but the hype itself is already very high. I am very not optimistic about this, but I am very optimistic about the blockchain technology in cryptocurrency. This may be The direction of future Internet changes.

④ The chairman of Meitu bought 260 million cryptocurrency, how did he respond?

The chairman of Meitu bought 260 million cryptocurrency. Faced with people’s questions, Meitu’s director The leader responded to everyone in this way. He said that this was the beginning of the company’s deployment of blockchain. According to the announcement released by Meitu, it is not difficult to read the specific meaning. Meitu has spent a huge amount of money, more than 20 million US dollars, to purchase Ethereum and more than 17 million US dollars to purchase Bitcoin. Friends who follow the currency circle may know that the crazy rise of Bitcoin has made many people become pigs standing in the spotlight. The cumulative value of Meitu's investment has exceeded 200 million.

3. Meitu considers this an investment.

Although Meitu has not responded to netizens’ speculation, and we have no right to interfere with their senior management’s decisions, in this announcement, Meitu has stated that digital currencies will be promoted in the future. If the company reserves virtual currency as an investment, it can also bring economic benefits to the company.

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⑤ The collective surge of blockchain concept stocks is a pie or a trap

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The IT industry has been constantly hyping concepts! It’s actually not that magical! Of course, those who can swindle money in China are good comrades.

⑥ Chairman Meitu responded to buying 260 million yuan of cryptocurrency. Is this a trend?

Judging from the situation from the end of 2020 to the beginning of 2021, cryptocurrency is indeed a trend.

On March 7, 2021, Meitu issued an announcement stating that it purchased US$22.1 million in Ethereum and US$17.9 million in Bitcoin on March 5, 20212, equivalent to approximately 260 million yuan.

Cai Wensheng, chairman of Meitu, said in the circle of friends that he will continue to deploy the blockchain and that this purchase of cryptocurrency will serve as a value reserve for the long-term development of the blockchain strategy. Someone must be the first to take advantage.

But we are concerned about the role of cryptocurrency.

It belongs more to the financial category, and its practical value is not very high.

For ordinary people, it is better not to touch it.

3. The use value of cryptocurrency

The use value of cryptocurrency is financial value and some illegal transactions.

For example, hackers who created computer viruses once demanded cryptocurrency as a ransom.

The U.S. government has also introduced regulations to curb attempts to use Bitcoin and other cryptocurrencies to launder money or fund illegal activities.

⑦ Meitu has long been concerned about blockchain and digital currency

Yes, Meitu has long been concerned about blockchain and digital currency. In 2018, Meitu launched a blockchain wallet product, BEC Wallet, which is also Meitu’s first blockchain product. Meitu said that the BEC wallet is positioned as an intelligent digital asset manager, focusing on "safety, security, simplicity and ease of use" and supporting mainstream digital currencies, which will improve users' efficiency and experience in managing digital assets.

In addition, in 2018, Meitu’s token “Bimi” (BEC) was launched on the cryptocurrency trading platform OKEx, and Meitu, which claimed not to do ICO (initial offering of tokens), was accused at that time Is the issuer of BEC tokens. On the day BEC was launched for trading on the OKex platform, the opening surged by more than 4,000%, with a market value of US$28 billion, far exceeding the market value of Meitu, a company listed on the Hong Kong stock market.

In addition, Meitu also appointed Professor Zhang Shousheng as an independent non-executive director and a member of the nomination committee and remuneration committee. Zhang Shousheng was a well-known physicist and chair professor of the Department of Physics at Stanford University. During his lifetime, he firmly believed that the emergence of blockchain could make society more equitable.

(7) Meitu blockchain surges and further reading

Meitu buys Bitcoin again:

April 8 In the evening, Meitu, a company listed on the Hong Kong stock market, announced that the company's wholly-owned subsidiary Meitu Hong Kong purchased a further 175.67798279 units in open market transactions under the cryptocurrency investment plan on April 8, 2021.of Bitcoin (subject to further Bitcoin purchases), the total consideration is approximately $10 million.

Data shows that the price of Bitcoin has soared from US$29,000 at the beginning of this year. As of press time, the price of Bitcoin exceeded US$57,000. Based on this price, Meitu has made a lot of profit since its last purchase. According to calculations by some media based on market data, without considering handling fees, if Meitu had not reduced its positions, the above investments would have recorded a floating profit of US$19.634 million so far, or approximately RMB 129 million, which is Meitu's full year of 2020. 210% of net profit of 60.9 million yuan.

⑧ Chairman Meitu responded to buying 260 million yuan of cryptocurrency. How do you view his operation?

Meitu Company announced that it purchased 260 million yuan of cryptocurrency separately on March 5, 2021. US$22.1 million in Ethereum and US$17.9 million in Bitcoin, equivalent to approximately 260 million yuan. Cai Wensheng, chairman of Meitu, said in the circle of friends that he will continue to deploy the blockchain. This time he purchased cryptocurrency as a value reserve for the long-term development of the blockchain strategy, and someone must be the first to take advantage of it. This should be regarded as the first Hong Kong listed company to purchase digital currency, and also the first listed company in the world to use ETH as a currency value reserve.

Judging from the Bitcoin 4-hour chart, the Bitcoin market has moved out of an ascending triangle and is about to reach three-quarters of the entire triangle. Bitcoin is also very likely to move forward. , purely from a morphological point of view, it is more likely to break upward, but the market changes from time to time, and there are still uncertain factors. If Bitcoin falls today and does not fall to the lower trend line of the ascending triangle pattern and then starts to rise, then Bitcoin There is a high probability that it will break through upward. Of course, if Bitcoin falls to the lower trend line and is unable to rise, it is also very likely that it will break down.

⑨ Why Meitu Blockchain BEC soared 40 times

Currently, Meitu is still trying to distance itself from its relationship with Meitu Blockchain BEC. However, many industry insiders told us that BEC is actually the token issued by Meitu and Cai Wensheng. In order to avoid domestic regulatory risks, they adopted this method of "passing the buck" to overseas partners.

The sudden rise and fall of BEC is very shocking. BEC, which opened at $0.0923, once soared to $5, an increase of over 5317%. The price even appeared on the market at US$80/coin, and the pending order was completed.
But soon the price started to fall. The current price of BEC is stable around $0.6, which has dropped nearly 90% from its highest point. Such a huge rise and fall in just a few days is really thrilling. Even the leeks who are used to seeing big storms in the currency circle call it "too scary".
Speaking of which, the sharp rise and fall of BEC has a lot to do with its being considered a token issued by Meitu and the official clarification of its relationship with Meitu.
You must know that this coin has not even been privately sold, it is directly listed on the exchange. This fully shows that the background is relatively strong. In the face of new coins, all investors in the currency circle can see are the white paper and the team and investors behind it. "Coins issued by Meitu and Cai Wensheng", this is the best endorsement.
Of course, Meitu firmly denies it and only admits that Meitu’s overseas application product BeautyPlus has overseas promotion cooperation with the third-party organization that develops Meitu.
In addition, the market circulation of BEC is very low. We checked the holding status of BEC through the Ethereum blockchain browser. 99.9% of the total 7 billion BEC are concentrated in the first 4 addresses. The number of BEC held by the 4 addresses accounted for 49.9% and 49.9% respectively. 30%, 10% and 10%.
Here, control the board shouldn’t be too simple, okay? First raise the price to cut a wave of leeks, and then concentrate on shipping. Don’t make too much money.
Some friends in the currency circle also specifically remind you not to touch this currency easily, the risk is too high. We'll see when everything is stable in the future.