Alibaba to invest US$590m in China smartphone maker

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 Meizu and integrate the smartphone's hardware with Alibaba's YunOS software, Alibaba said in an e-mailed statement on Monday. Meizu, which last year released the MX4 and Meizu Blue Charm, didn't rank among China's top five smartphone...


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