Chinese e-commerce giant Alibaba Group Holding Limited says it has agreed to invest US$590 million for a minority stake in Zhuhai city, Guangzhou province-based Chinese smartphone maker Meizu Technology Corporation Limited, according to a company announcement. In December 2014, media reports surfaced that Meizu has received RMB2 billion (US$320 million) of financing cumulatively from an […]

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Visit the original source and full text: China Money Network