Xiaomi takes over Meitu’s struggling selfie-focused phone business

Chinese selfie app and smartphone company Meitu announced it has entered into a strategic partnership with Xiaomi. Going forward, Meitu will license its brand, technologies and hardware to China-based Xiaomi, and for upcoming smartphones, Xiaomi will handle design, research, development, production, business operation, sales and marketing while Meitu will deal with image-related algorithms and technologies. […]