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Alibaba Group makes a large investment in Meizu

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  • Comments (6)

08 February, 2015

Meizu Android

Alibaba Group announced that it will invest $590 million in the smartphone manufacturer Meizu. The Chinese online behemoth will become a minority owner of Meizu Technology Limited.

Meizu and Alibaba “ will collaborate at both strategic and business levels to achieve a deeper integration of Meizu’s hardware and Alibaba Group’s mobile operating system.” Alibaba has its own YunOS smartphone platform, based on Android. A version of Meizu MX 4 with the OS has been available for some time now.

With market value of $213 billion, Alibaba will surely be a welcome partner for Meizu. The latter will help the retail giant promote its mobile OS and will benefit from its vast network of online stores and users.

Alibaba didn’t disclose how much equity it acquired in Meizu for its investment.

Source | Via

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  • Meizu 18 and 18 Pro are official with Snapdragon 888, curved front glass Meizu 18 and 18 Pro are official with Snapdragon 888, curved front glass
  • Meizu announces Flyme 9 and Flyme for Watch Meizu announces Flyme 9 and Flyme for Watch

Reader comments

M
  • MacD
  • j}k
  • 09 Feb 2015

500 Million … big deal, that's not gonna move BABA's worthless crashing stock one bit.

  • Reply
M
  • MacD
  • j}k
  • 09 Feb 2015

This Meizu news isn't going to move BABA stock price, which is in the toilet as of now. Looks like Meizu news hit flat, what a Dog $ Pony Company BABA is becoming these days. Alibaba's PR department is working overtime on all these cheap "stu...

  • Reply
r
  • regs
  • JHW
  • 09 Feb 2015

Flyme is not going anywhere

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 6

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