Meizu receives huge financial boost

Meizu are in the process of transforming from a smaller privately owned company to something much larger, with recent investments believed to be around 20 billion Yuan!

Meizu got out the gates quick ahead of the Chinese smartphone boom, but were unable to keep that lead. The release of Android, new competitors and a saturated market have made it tricky for Meizu to stay on top of the game in recent years.

Knowing this, the Meizu team have been sourcing funding to increase their market presence, spend more on R&D and also produce new diverse products. It’s all going to plan by the sounds of things too with recent financing totalling an estimated 20 billion Yuan.

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That’s quite a hefty chunk of change, so how will they spend it? Well first up it is rumoured that 4 LTE equipped phones will be launched later this year, and they will offer a low-cost entry level phone for the first time ever too. Meizu will also work on R&D, which was hinted at in a recent statement that the MX4 will use advanced materials rather than stainless steel. Employees are also set to benefit too with some staff being offered shares in the company.

Meizu are rumoured to launch their next phones in September. Keep posted for more news.

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  1. Gregory Wang
    July 23, 2014

    Can you offer the source of this information? Don’t get me wrong, but It seems strange that the investor is not revealed.

  2. Michel
    July 23, 2014

    The investor is alibaba

  3. simmer
    July 23, 2014

    why would alibaba invest in meizu ?

    • balcobomber25
      July 23, 2014

      Alibaba has been buying up companies over the past 12 months. Reportedly they will be a major shareholder in Meizu. Alibaba is in a never ending battle with Baidu to be China’s top Telecom.