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Alibaba is making $590 million investment in mobile

from Ad Age

Alibaba has agreed to invest $590 million in Chinese smartphone maker Meizu, boosting the e-commerce company's push to get its mobile operating system on millions of handsets in China. Asia's largest internet company will hold a minority stake in Meizu and integrate the smartphone's hardware with Alibaba's YunOS software, Alibaba said in a statement. Meizu, which last year released the MX4 and Meizu Blue Charm, didn't rank among China's top five smartphone manufacturers as of the September quarter, according to researcher Canalys. more


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