By Bingyan Wang
Shares of Meitu rose early Tuesday, extending gains into a second day after the Chinese photo-editing app rolled out a suite of artificial-intelligence tools.
The stock rose as much as 15% in Hong Kong morning trade. The gains come on the back of a 21% rise Monday after the Xiamen, China-based company introduced seven new products, including a visual large-language model and a tool to generate unique images.
Meitu also said it plans to work with Huawei Cloud to create virtual fitting rooms.
Shares of Meitu have more than doubled in the year to date, including a 74% rise so far in June.
Shares were last up 6.3% at HK$3.03.
Write to Bingyan Wang at bingyan.wang@wsj.com
Read the full article here
Offers free spin