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Geely acquires phone maker Meizu
On July 4, Hubei Xingji Shidai Technology Co., Ltd. (Xingji Shidai), a subsidiary of Geely, signed a strategic investment agreement with phone maker Meizu Technology Co., Ltd. (Meizu) in Hangzhou. Xingji Shidai now holds a 79.1% stake in Meizu and obtains sole control over Meizu. The two parties will work together to....
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