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Alibaba Stakes $590 Million in Meizu


News by Luke Jones on Monday February 09, 2015.

industry news · luke jones

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Meizu is going through perhaps its most successful spell in the smartphone market. The Chinese company has announced huge sales for the month of January, said that its new budget M1 has sold out in seconds (twice), while goodwill towards its high end devices is surging. 2015 is set to bring further expansion and a new cash injection from Alibaba will only improve that outlook.

Alibaba is the hugely successful Chinese online retailer and it has pushed $590 million into Meizu for the company to take the next step and hopefully find a surer footing on the international stage. The amount is only a minority stake in Meizu, but Alibaba will be able to push its YuOS platform onto Meizu, with the company likely to make a specific smartphone for that purpose to be launched in China.

As for Meizu, it will have access to Alibaba's vast chain and will certainly has a massive platform from which to sell its products.

 
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Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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