$3 Billion Selfie App Meitu Co-Founder & ex-Chairman Mike Cai Wensheng Buys Hong Kong Park Aura Building (Electric Road, Tin Hau) for $83.8 Million (HKD 650 Million), Building to be Renamed CAI Tower & Converted into Crypto & AI Start-Up Hub, Meitu Founded in 2008 by Wu Xinhong & Mike Cai Wensheng, IPO on Hong Kong Exchange (HKEX) in 2016, Mike Cai Wensheng Resigned as Meitu Chairman in 2023 to Focus on Other Business Commitments 

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$3 Billion Selfie App Meitu Co-Founder & ex-Chairman Mike Cai Wensheng Buys Hong Kong Park Aura Building (Electric Road, Tin Hau) for $83.8 Million (HKD 650 Million), Building to be Renamed CAI Tower & Converted into Crypto & AI Start-Up Hub, Meitu Founded in 2008 by Wu Xinhong & Mike Cai Wensheng, IPO on Hong Kong Exchange (HKEX) in 2016, Mike Cai Wensheng Resigned as Meitu Chairman in 2023 to Focus on Other Business Commitments 

4th May 2025 | Hong Kong

Selfie app Meitu ($3 billion market value) co-founder & ex-Chairman Mike Cai Wensheng has bought the Hong Kong Park Aura building (Electric Road, Tin Hau) for $83.8 million (HKD 650 million), with the building to be renamed CAI Tower & converted into a crypto & AI start-up hub.  Meitu was founded in 2008 by Wu Xinhong & Mike Cai Wensheng, and IPO on Hong Kong Exchange (HKEX) in 2016.  In 2023, Mike Cai Wensheng resigned as Meitu Chairman to focus on other business commitments.  Meitu – Founded in 2008, Meitu is an AI-driven technology company that carries “beauty” as its core ideal. To “let art and technology converge elegantly”, Meitu is developing outstanding products that streamline the production of image, video, and design, while striving to advance industry digitalization through related solutions.  Meitu leverages AI in the pursuit of its mission. In 2010, Meitu founded its R&D hub MT Lab, which is dedicated to AI and imaging innovations such as Computer Vision, Deep Learning, and Computer Graphics.  As of June 30th 2024, Meitu has 258 million monthly active users globally and 84.73 million monthly active users outside of Mainland China.

“ $3 Billion Selfie App Meitu Co-Founder & ex-Chairman Mike Cai Wensheng Buys Hong Kong Park Aura Building (Electric Road, Tin Hau) for $83.8 Million (HKD 650 Million), Building to be Renamed CAI Tower & Converted into Crypto & AI Start-Up Hub, Meitu Founded in 2008 by Wu Xinhong & Mike Cai Wensheng, IPO on Hong Kong Exchange (HKEX) in 2016, Mike Cai Wensheng Resigned as Meitu Chairman in 2023 to Focus on Other Business Commitments “

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$3 Billion Selfie App Meitu Co-Founder & ex-Chairman Mike Cai Wensheng Buys Hong Kong Park Aura Building (Electric Road, Tin Hau) for $83.8 Million (HKD 650 Million), Building to be Renamed CAI Tower & Converted into Crypto & AI Start-Up Hub, Meitu Founded in 2008 by Wu Xinhong & Mike Cai Wensheng, IPO on Hong Kong Exchange (HKEX) in 2016, Mike Cai Wensheng Resigned as Meitu Chairman in 2023 to Focus on Other Business Commitments

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