The corporate has picked up a 57% stake in SoftBank-backed professional social network Dajie for just over $50m in cash and shares.

Photo editing app developer Meitu has paid HK$395m ($50.3m) for a 57% stake in China-based professional networking platform Dajie Net Investment Holdings, China Money Network has reported, citing a regulatory filing on Wednesday. The transaction consists of approximately $6.7m in cash and 85.7 million shares that are valued at $43.7m in total. The company‚Äôs earlier…

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