Group 1 - The core viewpoint of the news is the significant rise in Meitu's stock price following the announcement of a strategic partnership with Alibaba, which includes a $250 million convertible bond investment and collaboration in e-commerce and AI development [1][2]. - Meitu's stock opened nearly 15% higher and closed up 11.19%, with a market capitalization approaching HKD 30 billion [1]. - The partnership will see Alibaba promote Meitu's AI e-commerce tools on its platforms and provide technical support for Meitu's core business, including a commitment to purchase at least RMB 560 million in cloud services over the next three years [1][2]. Group 2 - Meitu has successfully transitioned into the AI sector, achieving a revenue of RMB 3.341 billion in 2024, a 23.9% increase year-on-year, and an adjusted net profit of RMB 586 million, up 59.2% from the previous year [2]. - The popularity of Meitu's AI products, particularly in imaging and e-commerce, has contributed significantly to its strong performance and attracted Alibaba's attention for the strategic partnership [2].