Alibaba the Chinese Group, the biggest online retailer in the world, announced that will buy a minority stake in Meizu for $590 million. This makes their recent investment in OUYA look like spare change.
These two companies “ will collaborate at both strategic and business levels to achieve a deeper integration of Meizu’s hardware and Alibaba Group’s mobile operating system.”. This startegy also gives Meizu better sales clout and visibility. So the expectation it’s that it will work for both ways and increase the incomes in both companies.
There is no information about how much how much equity Alibaba acquired in Meizu for its investment. But we all hope that the both companies learne from Amazon’snot-so-successful efforts to fuse online shopping and a smartphone.