Alibaba invests 500 million in smartphone manufacturer

Alibaba invests 500 million in smartphone manufacturer

Alibaba has acquired a 500 million euro stake in Chinese smartphone manufacturer Meizu Technology, which currently has a Chinese market share of about 2 %.

Experiment

Alibaba hopes this move will help introduce its mobile operating system even further in China, while Meizu can now access Alibaba eCommerce channels, which still control the Chinese market.

 

Analysts are sceptical however, as Meizu is a marginal player in the Chinese smartphone market: more than 60 % of China's huge smartphone market is currently divided among Huawei, Xiaomi, Lenovo, Apple and Samsung. Moreover, Chinese smartphone sales have dropped from 423 million devices were shipped in 2013 to 389 million in 2014. It remains to be seen whether this investment can advance Alibaba's position on the mobile market any further.

Questions or comments? Please feel free to contact the editors


Samsung targets record fourth quarter profit

09/01/2018

Korean technology firm Samsung has released preliminary quarterly results indicating it forecasts record profits in 2017’s fourth quarter. Nevertheless, it does not seem it can live up to analysts' expectations.

MediaMarkt's co-founder passed away

28/12/2017

Erich Kellerhals, co-founder of electronics chain MediaMarkt, has died on Christmas day, aged 78. The German laid the foundation for one of the world’s largest electronics chains in 1979.

Media Markt's parent company thrives thanks to online

19/12/2017

Media Markt and Saturn’s new parent company, CECONOMY, has performed well in its fiscal year 2016/2017. Its 1.3 % turnover increase was largely thanks to improved online sales.

Carrefour and Fnac Darty consider purchase alliance

01/12/2017

Supermarket firm Carrefour and electronics seller Fnac Darty are considering an alliance for their electronics acquisitions. The combination could lower purchase prices.

Media Saturn launches a first, fully virtual shopping world

21/11/2017

Saturn customers can use their own VR goggles to see products in two virtual environments. It is not yet possible to actually buy something in VR however.

Pieter Haas, CEO Ceconomy: "We sell the consumer a digital life"

03/11/2017

MediaMarkt’s parent company, Ceconomy, has the key to consolidate the European electronics industry even more. The retailer will sell services and solutions: “We help people make the right decisions.”

Back to top