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Alibaba Group Holding will invest $ 590 million for a minority stake in Chinese smartphone vendor Meizu Technology Corporation, as the company continues to expand beyond e-commerce. Alibaba seeks to integrate its mobile operating system YunOS with Meizu’s phones and hardware, while distributing the phones through the company’s online shopping platforms, [...]
from Forbes Real Time http://onforb.es/16Isdmp
Alibaba Group Holding will invest $ 590 million for a minority stake in Chinese smartphone vendor Meizu Technology Corporation, as the company continues to expand beyond e-commerce. Alibaba seeks to integrate its mobile operating system YunOS with Meizu’s phones and hardware, while distributing the phones through the company’s online shopping platforms, [...]
from Forbes Real Time http://onforb.es/16Isdmp
