News this week: China’s leading e-commerce company, Alibaba Group,
announced it invested US$590 million in exchange for a minority stake in Meizu, a smartphone manufacturer based in China.
Under the terms of
the deal, Alibaba and Meizu will cooperate to develop Meizu’s hardware and
Alibaba’s mobile operating system. Alibaba will provide Meizu with resources
and support in e-commerce, mobile Internet, mobile operating system and data
analysis for developing Meizu’s smartphone ecosystem, while Alibaba’s online
shopping marketplaces will become distribution channels for Meizu’s smartphones
and other devices.
Jian Wang, chief
technology officer of Alibaba Group, said, “The investment in Meizu represents
a significant expansion of the Alibaba Group ecosystem and an important step in
our overall mobile strategy as we strive to bring users a wider array of mobile
offerings and experiences.”
This post is excerpted from BSG's weekly e-newsletter
which is part of our subscription research service, BSG Tracker. Visit our website
to find out more about this service. You can also follow us on Twitter
for all the latest updates.
No comments:
Post a Comment