Alibaba Group has announced that it will invest $590 million for a minority stake in Meizu, China’s smartphone vendor.
Alibaba Group and Meizu will collaborate at both strategic and business levels for integration of Meizu’s hardware and Alibaba Group’s mobile operating system.
Alibaba Group will offer resources and support in e-commerce, mobile Internet, mobile operating system and data analysis for developing Meizu’s smartphone ecosystem.
The Meizu smartphones will also be distributed through Alibaba Group’s online shopping marketplaces.
“This strategic collaboration with Alibaba Group will enable Meizu to further develop our smartphone business and our smart devices ecosystem,” said Meizu’s chief executive officer, Yongxiang BAI.
In January, Meizu unveiled its Meizu M1 smartphone. The device features a 5 inch TFT touchscreen with 768 x 1280 pixel resolution.
It is powered by a 1.5GHz quad core Cortex-A53 Mediatek MT6732 processor paired with 1 GB RAM.
It runs on Android 4.4.4 KitKat OS. It boasts a 13MP rear camera with LED flash and 5MP front facing camera with 8GB internal storage capacity expandable up to 128GB via microSD card.
On the connectivity front it has WiFi, A-GPS and microUSB. It is fuelled by a non removable 2500mAh Li-ion battery.