Chinese photo-editing app operator Meitu saw its shares in Hong Kong rise to a seven-year high on Wednesday, following the announcement of its strategic partnership with Alibaba Group Holding and the issuance of US$250 million in convertible bonds to a subsidiary of the e-commerce giant. After trading hours on Tuesday, Alibaba.com China conditionally agreed to subscribe to the convertible bonds for a term of three years, “at an initial conversion price of HK$6 per conversion share”, according to...