Geely has now completed its acquisition of Chinese phone maker Meizu, allowing the former to expand its smartphone ventures. Ltd., Geely's own smartphone department had acquired a majority stake from two shareholders in Meizu amounting to 79%. Geely had created Hubei Xinji Shidai Technology as a separate entity dedicated to smartphones with Geely already investing around USD 1.5 billion before acquiring Meizu. It will be interesting to see what Geely and Meizu do together in both their smartphones and automobile software. Read more in our articles including "Geely completes acquisition of phone maker Meizu" and "Meizu MX 4-Core Review".
Geely has now completed its acquisition of Chinese phone maker Meizu, allowing the former to…
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Nov 8, 2014Geely has now completed its acquisition of Chinese phone maker Meizu, allowing the former to expand its smartphone ventures. Ltd., Geely's own smartphone department had acquired a majority stake from two shareholders in Meizu amounting to 79%.
Geely had created Hubei Xinji Shidai Technology as a separate entity dedicated to smartphones with Geely already investing around USD 1.5 billion before acquiring Meizu. It will be interesting to see what Geely and Meizu do together in both their smartphones and automobile software.
Our coverage of Geely purchases Meizu includes: "Geely completes acquisition of phone maker Meizu"; "Meizu MX 4-Core Review"; "Meizu MX4 available in store shelves, starts Php14,990". Each article provides unique insights and information.