Alibaba places China smartphone business bet with $590m Meizu deal

Updated: 2015-02-09 14:11

(Agencies)

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Alibaba places China smartphone business bet with $590m Meizu deal

Smartphones are displayed at the stand of Coolpad during PT/EXPO COMM CHINA 2012 in Beijing, China, Sept 22, 2012. [Photo/IC]

No 4 Coolpad

The producer of Coolpad cellphones, Yulong Computer Telecommunication Scientific Co has invested heavily in R&D to develop inexpensive but sophisticated cellphones under Chief Executive Guo Deying.

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