Alibaba Group finalized a US$250 million convertible bond investment in Meitu on January 3, 2026.
Meitu specializes in AI-powered tools for e-commerce merchants. The deal aims to integrate Meitu’s services—including automatic generation of product images and videos—into Alibaba’s Taobao and Tmall marketplaces to improve seller efficiency.
The partnership extends to wide-ranging cooperation in artificial intelligence models and cloud computing. As part of the agreement, Meitu committed to purchasing over US$80 million in cloud services from Alibaba over the next three years.