On October 26th, the China Internet Association held the 2023 China Internet Enterprise Comprehensive Strength Index report release conference in Xiamen, and announced the list of the top 100 Chinese Internet companies in terms of comprehensive strength for 2023.

With its leading reserve of artificial intelligence technology and strong performance growth, Meitu (1357.HK) ranks 32nd in the list, and ranks first among the listed Internet companies in Fujian Province. So far, Meitu has been selected for this list in seven consecutive years, along with Tencent, Baidu, JD.com, Kwai, and TikTok.

Top 100 Chinese Internet Companies in terms of Comprehensive Strength in 2023 (Partial)

Since 2013, the Internet Society of China has been conducting annual research on the comprehensive strength of Chinese Internet companies, receiving widespread recognition from the industry, government departments, and media at all levels.

The list is compiled using various metrics, including operating performance, growth in performance, capacity for innovation, potential for growth, and overall influence. This method aims to objectively and fairly represent the comprehensive capabilities and fundamental competitive edge of Chinese Internet companies. The list serves as a significant tool for updates and insights on the progress of notable Chinese Internet firms.

As a technology company with "beauty" as its core ideal and AI as the driving force, Meitu has successfully transitioned from focusing on lifestyle applications to productivity scenarios, integrating AIGC across all its products. The company streamlines the creation process of images, videos, designs, and virtual humans by offering personalized, user-friendly tools. Meitu also assists its partners in achieving digital advancements through solutions tailored to the beauty industry.

In the first half of 2023, Meitu achieved a total revenue of RMB 1.261 billion, an increase of 29.8% year-on-year. The adjusted net profit attributable to owners of the company was RMB 151 million, a year-on-year increase of 320.4%. It has achieved a monthly active user count of 247 million, a year-on-year growth of 2.5%. Meitu is accelerating product innovation by investing in R&D. In the first half of 2023, Meitu's R&D expenses reached RMB 294 million, a year-on-year increase of 10.8%.

Meitu's self-developed AI vision model, MiracleVision, has been upgraded to version 3.0. Fully applied to all of Meitu's image and design products, MiracleVision offers comprehensive support across five key industries: advertising, e-commerce, game, animation, and film/television Six new image products launched together with the AI vision model, including photo, video, design, and AI virtual human services, have achieved impressive results.

Meitu is actively updating its large-scale models and AIGC products to enhance independent innovation capabilities, delivering a superior AI product experience for users and efficient solutions for industry partners.