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Alibaba to invest US$590m in China smartphone maker

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Alibaba will hold a minority stake in Meizu and integrate the smartphone's hardware with the former's YunOS software, which the company wants to get on tens of millions of handsets.

Hong Kong

ALIBABA Group Holding has agreed to invest US$590 million in smartphone maker Meizu Technology Co, boosting the e-commerce company's push to get its mobile operating system on millions of handsets in China.

Asia's largest Internet company will hold a minority stake in