Tag archives: shidai

A venture of Chinese carmaker Geely"s founder Li Shufu has acquired a 79.09 percent stake in smartphone maker Meizu to explore new opportunities as vehicles are growing digital and smart. Hubei Xingji Shidai Technology Co Ltd said Monday that it has gained control of the Chinese phone maker, which has over 100 million users now. The value of the deal remains unknown. Li owns an over 57.8 percent stake in Xingji Shidai, which has a registered capital of 715 million yuan ($106 million), according to Tianyancha, a corporate information provider. "Smartphones and smart cars are no longer irrelevant to each