On January 12, iResearch released the "Research Report on China's Image Digitalization Industry in 2022", and revealed the comprehensive strength list. With its impressive achievements in the sector, Meitu (01357.HK) was ranked No. 1 on the list. Companies such as Bytedance, Tencent, Bilibili, and Kuaishou were included on the list.

According to the report, the list closely considered product power, technology, digitalization achievements, monetization and ESG of the given company.

10 companies were listed based on accessible market data and expert opinions.

Meitu topped the list for its outstanding performance in product power, AI imaging innovation technology, digital solutions & empowerment capacity, branding & commercialization capacity and ESG sustainable development.

By topping the comprehensive strength list, Meitu became the prime example for the Research Report on China's Image Digitalization Industry in 2022.

In 2022, Meitu provided users and partners with premium image products and digital solutions to increase user value and satisfy industry demands.

The Meitu App and BeautyCam have consistently ranked first by user scale. With the amazing AI painting feature, Meitu apps topped the overall ranking of the App Store in multiple countries and regions. Meitu's video editing app Wink, which was released in early 2022, reached Top 3 in its category. Meitu ID Photo has also entered the the upper echelon in its category.

Meitu is steadily constructing an image ecosystem and expanding the application scenarios of its core strength. Through Meidd, MeituEve and Meitu AI Photo Editing, it is empowering the industry with digital solutions and advancing the digitalization process of China's real economy.

According to the report, the value of China's image digitalization market is approximately RMB 12.5 billion, with cosmetic and design applications accounting for RMB 5 billion respectively. The market will maintain rapid growth and its value is estimated to reach approximately RMB 16 billion in 2025.

The report also mentioned that the market is asking for a delicate and diverse imaging service with quality of life improvements and higher aesthetic requirements. Companies represented by Meitu will usher in a new broader development space.