Appleby advises Meitu, Inc. on US$250 million convertible bond issuance to Alibaba Group
Appleby is pleased to announce that it acted as Cayman Islands counsel to Meitu, Inc. (“Meitu” or the “Company”) (HKEX: 01357) in connection with its issuance of convertible bonds in the principal amount of US$250 million to Alibaba Group (HKEX: 09988, NYSE: BABA).
The Hong Kong team was led by Vincent Chan, Partner in Appleby’s Hong Kong office, supported by Kelly Tang, Legal Manager.
Meitu is a leading AI technology company focused on the photo and video industry, offering a comprehensive portfolio of imaging products to meet the demands of the creator community. Its portfolio includes products for leisure, such as the Meitu App, BeautyCam, and Wink, as well as productivity tools, such as DesignKit and Kaipai.
Appleby’s Asia Capital Markets team provides comprehensive offshore legal services in debt capital markets. We advise issuers, arrangers, and investors on a wide range of transactions, including bond offerings and convertible instruments. With extensive experience supporting Asian companies and cross‑border deals since our establishment in Hong Kong in 1990, we deliver clear, practical guidance on offshore structures and regulatory requirements, and have become a trusted offshore legal advisor in Asia.
