es for exNo shutdown of smartphone business

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es for exNo shutdown of smartphone business

Image-editing app developer Meitu Inc stated, in response to previous reports, that it was

not true the company planned to shut down its smartphone business by the middle of this year.

Meitu would cooperate with Xiaomi to launch a new smartphone marking the beginning of a new area

. The cooperation with Xiaomi will represent the start of technological enhancement and scale devel

opment, said Meitu’s spokesman, accepting an interview with Shanghai Securities News on Monday.

On November 19, the company and Chinese smartphone maker Xia

omi reached a global strategic cooperation arrangement that gave exclusive license to X

iaomi to use Meitu smartphone brand, image-related technologies and certain smart hardware products for 30 years.

The first smartphone made and marketed by Xiaomi with image and camera provide

d by Meitu will be launched by middle of this year, according to Chinese news outlet Jiemian.

The firm will continue to handle after-sales service of previously sold Meitu brand smartphones.

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