Saturday, 23 September 2017

Alibaba invests $590m in Chinese smartphone maker Meizu

By Total Telecom staff
Monday 09 February 15

Chinese e-commerce giant to test its YunOS in smartphones manufactured by its domestic partner.

E-commerce giant Alibaba said it is taking a $590 million minority stake in China-based smartphone manufacturer Meizu in order to test ways of expanding its YunOS mobile operating system in the highly competitive smartphone market. Alibaba, which last year set a new world record by raising $25 billion in an initial public offering (IPO)…

E-commerce giant Alibaba said it is taking a $590 million minority stake in China-based smartphone manufacturer Meizu in order to test ways of expanding its YunOS mobile operating system in the highly competitive smartphone market. Alibaba, which last year set a new world record by raising $25 billion in an initial public offering (IPO)…

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