Alibaba invests $590 million in Smartphone maker Meizu

Alibaba Group announced that it will invest $590 million in Chinese the smartphone maker Meizu. According to BusinessWire, the Chinese online e-commerce giant will become a minority owner of Meizu Technology Limited. Alibaba didn’t disclose how much equity it acquired in Meizu for its investment.

- Advertisement -

With market value of $213 billion, Alibaba will surely be a welcome partner for Meizu. This new collaboration will push the two companies to work together on  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. There is already a version of Meizu MX 4 with the OS on the market.

Image Credit: Cnet

Source: BusinessWire

- Advertisement -

 

- Advertisement -

IN THIS STORY STREAM

Farooq Gessa Mousal
Farooq Gessa Mousal
Techjaja: CTO
/** * RECOMMENDED CONFIGURATION VARIABLES: EDIT AND UNCOMMENT * THE SECTION BELOW TO INSERT DYNAMIC VALUES FROM YOUR * PLATFORM OR CMS. * * LEARN WHY DEFINING THESE VARIABLES IS IMPORTANT: * https://disqus.com/admin/universalcode/#configuration-variables */ /* var disqus_config = function () { // Replace PAGE_URL with your page's canonical URL variable this.page.url = PAGE_URL; // Replace PAGE_IDENTIFIER with your page's unique identifier variable this.page.identifier = PAGE_IDENTIFIER; }; */ (function() { // REQUIRED CONFIGURATION VARIABLE: EDIT THE SHORTNAME BELOW var d = document, s = d.createElement('script'); // IMPORTANT: Replace EXAMPLE with your forum shortname! s.src = 'https://thetechjaja.disqus.com/embed.js'; s.setAttribute('data-timestamp', +new Date()); (d.head || d.body).appendChild(s); })();Please enable JavaScript to view the comments powered by Disqus.

Fresh Tech

- Advertisment -