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Auto giant Geely's founder acquires Chinese smartphone brand Meizu

The founder of Geely, China s private automaker and Volvo s parent company, Li Shufu has acquired the Chinese smartphone brand Meizu.Xingji Technology, a smartphone company launched by Geely s founder and chairman last September, acquired a .

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Founder of auto giant Geely buys Meizu as smartphone demand weakens – TechCrunch

Remember Meizu, the once-promising competitor to Xiaomi? The Alibaba-backed Chinese smartphone maker is making a comeback — in a way — as it gets acquired by the founder of Geely, China’s largest private automaker and Volvo’s parent comapny. China’s smartphone industry is notoriously competitive. Founded in 2003, Meizu has been making affordable, trendy Android-based smartphones […]

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