The Traderszone Network

Published in TZ Latest News 8 February, 2015 by The TZ Newswire Staff

Alibaba expands into smartphones, investing $590 million in Xiaomi rival

The Chinese e-commerce giant Alibaba is expanding into the smartphone business with a $590 million investment in smartphone start-up Meizu Technology, a long-time rival of Xiaomi, the country’s biggest smartphone maker.
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