je.st
news
Alibaba invests USD 590 mln in Meizu
2015-02-09 08:39:00| Telecompaper Headlines
(Telecompaper) Alibaba Group has taken a USD 590 million minority stake in Chinese smartphone manufacturer Meizu. Alibaba and Meizu said they will cooperate at both strategic and business levels to achieve a deeper integration of Meizu's hardware and Alibaba Group's mobile operating system YunOS. Alibaba will provide Meizu with resources and support in e-commerce, the mobile internet, mobile operating systems and data analysis, with the aim of developing Meizu's smartphone ecosystem. Alibaba Group's online shopping marketplaces will also become distribution channels for Meizu's smartphones and other devices.
Tags: usd
alibaba
mln
invests
Category:Telecommunications