Alibaba has invested $590 million into Meizu Technology, an unknown Chinese handset maker that is estimated to have less than 2 percent of market share in China, Reuters reports. The deal will help the Chinese e-commerce giant launch its mobile operating system, called YunOS, into the market using Meizu’s hardware. Alibaba has been interested in launching its own smartphone for some time. A majority of the Chinese population accesses the Internet using a smartphone or tablet as demonstrated by Alibaba’s financial results. In final three months of 2014, Alibaba said sales coming from mobile devices accounted for 42 percent of overall sales.
Like what you're reading? Subscribe to GeekWire's free newsletters to catch every headline