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Chinese language automotive large Geely has bought a majority stake within the now-small smartphone maker Meizu. Bloomberg studies that Meizu will probably be run as an unbiased firm below Xingli Know-how, one other tech model below Geely’s umbrella. That mentioned, the pair are anticipated to work collectively on new merchandise, and Xingli has already expressed plans to make a giant splash within the AR/VR house.
For those who’ve been studying Engadget for lengthy sufficient, you’ll have probably seen Meizu’s early rise on the daybreak of the smartphone growth. Sadly, it discovered its lunch being eaten by different Chinese language upstarts, together with Xiaomi, and wound up remaining a small participant. Again in 2015, Alibaba determined to take a stake within the firm simply because it discovered itself distracted by varied boondoggles, together with the baffling-in-retrospect determination to construct telephones with Ubuntu.
Geely, in the meantime, is probably greatest recognized within the West because the controlling proprietor of Volvo, Polestar and Lotus, all of which have been pushed in the direction of electrification. In fact, with vehicles changing into extra like telephones (and telephones changing into such an important a part of most vehicles) the thought of automakers shopping for in to the telephone house makes loads of sense. As Reuters studies, each the cellular and automotive companies are slowing down, and so deeper integration is perhaps one strategy to nook the market.
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