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Beijing, June 14 (IANS) Chinese language carmaker Geely has acquired Meizu, the Alibaba (NYSE:) Group-backed smartphone maker, because the automaker plans to bolster its linked ecosystem.
Hubei Xingji Shidai Know-how, a enterprise by Geely founder Li Shufu, has purchased a 79.09 per cent stake in Meizu, South China Morning Publish reported on Tuesday.
Meizu’s market share has since fallen to only 0.1 per cent in China.
“Cellphones and gadgets have shortly advanced into cellular terminals and software platforms, which not solely enable customers to benefit from the fruits of innovation within the quickest method potential, additionally they act as a pathway to higher automotive purposes,” Geely mentioned in an announcement.
“The key pattern within the coming future is to create person ecosystems throughout borders and supply customers with a extra handy, smarter, and seamlessly linked multi-screen experiences,” it added.
Based in 2007, Meizu was as soon as one of the in style smartphone manufacturers in mainland China.
It misplaced out to rivals like Xiaomi, which is now working by itself electrical automotive.
Meizu’s partnership with Sony to deliver Flyme apps to Xperia telephones did not do effectively both for the smartphone maker.
One of many manufacturers owned by Geely not too long ago launched ‘Zeekr 001′ which featured the Flyme for Automotive infotainment system developed by Meizu.
–IANS
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