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Alibaba Group, the Chinese e-commerce leader led by billionaire Jack Ma, said today it has agreed to buy a minority stake in Chinese smartphone maker Meizu for $590 million. It didn’t say how large the “minority” stake would be. The move will intensify competition in a global smartphone market where fast-growing, low-price [...]
from Forbes Real Time http://onforb.es/16IsdCJ
Alibaba Group, the Chinese e-commerce leader led by billionaire Jack Ma, said today it has agreed to buy a minority stake in Chinese smartphone maker Meizu for $590 million. It didn’t say how large the “minority” stake would be. The move will intensify competition in a global smartphone market where fast-growing, low-price [...]
from Forbes Real Time http://onforb.es/16IsdCJ
