Date
20 October 2017

Meizu tipped to strike smartphone deal with Gree, paper says

Mainland smartphone maker Meizu is reportedly in talks with Gree Electric Appliances Inc. for the air conditioner manufacturer to inject up to 1 billion yuan (US$164.59 million) into Meizu to expand its smartphone business, the 21st Century Business Herald reported Wednesday. Speculation about a deal rose after photos surfaced of Gree Electric chairwoman Dong Mingzhu visiting Meizu production lines, accompanied by Meizu chairman Huang Zhang. Internet security company Qihoo 360 is also rumored to become a Meizu partner, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

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