Meitu Announces 285 Million Yuan Acquisition of Zcool to Bring High-Quality Synergy to Its AI Visual Model Ecosystem
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Meitu announced the acquisition of Zcool for a total of $39.64 million (approximately 285 million yuan). In the transaction structure, $17.784 million will be paid through the issuance of 52,992,166 consideration shares, with the remaining $21.856 million to be paid in cash.
Founded in 2006, Zcool has gathered visual creative professionals such as designers, photographers, and illustrators from over 300 cities worldwide, with nearly 17 million registered users.
Wu Xinhong, CEO of Meitu, stated that the addition of Zcool will further enhance Meitu's imaging and design product business, bringing high-quality synergy to its self-developed AI visual large model, MiracleVision (Wonder AI). This acquisition will also help Meitu expand its business in the professional design field and strengthen its service capabilities in areas such as copyright and co-creation.