Featured
Alibaba Group makes a large investment in Meizu
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.
Subscribe to:
Post Comments (Atom)
Trending
-
The latest version of Xiaomi's MIUI 6 is to become available for the Redmi 1S later this week. MIUI 6 was announced back in August l...
-
The somewhat uneventful CES in the beginning of January did witness the birth of a strong contender in the cameraphone realm. Asus unveile... -
With Valentine’s Day almost upon us, Microsoft decided to release a couple of new promotional videos for Cortana, its very own virtual per... -
Competing for the title of "World's thinnest smartphone" seems to be an ongoing venture for many Chinese manufacturers. And ... -
Tizen had to repeat first grade a couple of times, but now it's finally on a phone, the Samsung Z1 . The handset launched in mid-Janu...
No comments:
Post a Comment