• Alibaba just invested $590 million in a company that makes a dirt cheap iPhone 5c clone better than Apple’s – Business Insider

     

    http://www.businessinsider.sg/alibaba-meizu-m1-note-2015-2/Chinese tech giant Alibaba made a big move into the smartphone market on Monday. The company announced it will buy a minority stake in Meizu Technology Co. for $590 million, a little-known smartphone manufacturer that seeks to compete with the likes of Xiaomi and OnePlus. The resemblance is uncanny: the phone comes in the exact same pink, blue, green, yellow, and white color options as Apples cheapest smartphone. Read more…