Alibaba Group has announced that it has invested in the Chinese smartphone maker Meizu $590 million Thus, the Corporation acquired a small part of the Meizu Technology Limited.

Meizu and Alibaba will work together on strategic and business level in order to achieve a deep integration of the Meizu devices and operating systems Alibaba Group. The latter has long been developing its Android wrapper called YunOS, which is already set to some Meizu MX 4.

the Value of Alibaba is estimated at $213 billion, and Meizu certainly happy new partner. The cooperation will help promote YunOS, and smartphone Meizu will receive new places on the online shelves.

interestingly, accurate data about what share of Meizu is now owned by Alibaba, no.