China Auto Maker Geely Ventures Into Smartphones


HONG KONG—While smartphone makers are venturing into growing the following era of sensible electrical autos, considered one of China’s largest auto makers goes in opposition to the tide by making a foray into the smartphone market.

A subsidiary of Zhejiang Geely Holding Group stated Monday it accomplished the acquisition of a 79% stake in lesser-known Chinese smartphone maker Meizu Technology Co. No quantity for the deal was disclosed.

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