Meitu’s investor buys 2nd Hong Kong tower in 3 months at discount

Mike Cai Wensheng, the co-founder of the Chinese selfie app Meitu, has bought a redevelopment site in the heart of Hong Kong’s Causeway Bay shopping district, picking up his second property in three months as shops and offices are going for discounts amid the city’s supply glut. Cai paid HK$750…