China Auto Maker Geely Ventures Into Smartphones

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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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