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Alibaba Gives $590MIL to Underdog Meizu

Chinese e-commerce company Alibaba is offering up $590 million to smartphone maker Meizu. Meizu has an online sales model similar to the very successful Xiaomi, but it hasn’t cracked the top 5 in Chinese device sales. Meizu devices will now run Alibaba’s Yun OS. http://goo.gl/cfqFTZ #tech

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