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Alibaba-backed Chinese phone maker Meizu to axe 5% of workers

Wednesday, January 6, 2016 - 05:50

Hong Kong

MEIZU Technology Corp, the Chinese smartphone maker backed by Alibaba Group Holding Ltd, is planning to cut as much as 5 per cent of its roughly 4,000 staff to strengthen its performance as industry growth cools.

Meizu plans to trim as many as 200 people from its