The Chinese online sales giant becomes a minority shareholder of Meizu Technology and strengthens its position in the mobile internet.
Alibaba invests 590 million dollars to become a minority shareholder of Meizu Technology, a Chinese company that produces smartphones. The operation aims to strengthen the presence of the online sales giant in themobile internet.
In October Meizu Technology had announced that it wanted to use for their smartphones Yunos, an operating system developed by a branch of Alibaba.
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