Wednesday, February 19, 2020

Meizu received investment package worth 100 million Yuan

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Izaan Zubair
Izaan Zubair
Izaan's expertise in technology urged him to write on emerging inventions, Hardware, Cyber-Security, Mobiles and so on. He is currently studying Machine learning, and aims to master it. He can be reached at: [email protected]

Meizu in recent times is very active when participating in the Indian market, launching a lot of new products. And now that we have a reason for this growth, China Securities Journal recently said it received an investment of up to 100 million Yuan ($14,557,310.00 USD).

There is not much information about this investment yet, but some sources say it comes from Zhuhai City Government, targeting domestic smartphone manufacturers. However, the senior representative of Li Nan did not comment on this conjecture, so the information may be true or false.

According to analysts, the amount Meizu already has is enough for the company to carry out product development and design, but lacks to produce those products for sale. The amount of 100 million Yuan Meizu has just received will definitely help a lot for manufacturing and penetrate new markets in 2019. Previously, Alibaba also invested in this domestic smartphone company with the amount of up to 590 million USD, but it has been 3 years since then.

Izaan Zubair
Izaan Zubair
Izaan's expertise in technology urged him to write on emerging inventions, Hardware, Cyber-Security, Mobiles and so on. He is currently studying Machine learning, and aims to master it. He can be reached at: [email protected]

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