Alibaba has decided to invest 590 million US dollar in which company?
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On February 9, 2015 Alibaba has decided to invest 590 million US dollar in Meizu Technology Co. Alibaba will provide support to Meizu on e-commerce, mobile Internet, data analysis and payment service, while Meizu would offer its experience in smartphone operating systems market, strategy and off-line sales. With the deal, the Chinese e-commerce giant Alibaba Group Holding Limited is expanding into the smartphone business.
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