Sunday, February 8, 2015

Alibaba places China smartphone business bet with $590 million Meizu deal

BEIJING/SHANGHAI (Reuters) - China's Alibaba Group Holding Ltd is taking a $590 million stake in an obscure domestic smartphone maker as the e-commerce giant tests ways to expand its mobile operating system in a shrinking, cut-throat handset market.






from Reuters: Most Read Articles http://ift.tt/1ERy9Ig http://www.reuters.com

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