Meitu Inc., the Chinese photo-enhancing app provider and smartphone maker, released an official statement last night (February 7) on its official Weibo account denying the recent Coolpad acquisition rumor and calling it “pure fiction.”

The statement reads: “Any organization that made up and spread the false claim, regardless of its original intention, is unethical for defaming industry peers and should be held accountable for legal consequences.” Meitu said it will investigate the source of the false claim and advise companies in the industry to carry on healthy competition and practices among peers.

Sina Tech reports (in Chinese) that the rumor first appeared in an article published anonymously on shoujibao.cn (手机报在线), a local tech news site. The original article may have been taken down due to the backlash.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.