Chinese photo editing app Meitu reports a $45.6M crypto impairment in H1 2022; the stock drops 10%+ after Meitu projects crypto impairments tripling from 2021 (Bloomberg)

extended their decline into a fourth day after the beauty-app developer disclosed that it expects first-half losses … Bloomberg:
Chinese photo editing app Meitu reports a $45.6M crypto impairment in H1 2022; the stock drops 10%+ after Meitu projects crypto impairments tripling from 2021  —  Shares of Meitu Inc.