Alibaba places China smartphone business bet with $590m Meizu deal
(Agencies) Updated: 2015-02-09 14:11 |
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Huawei CEO Richard Yu shows the MediaPad X1, priced at 399 euros, the world's slimmest 7-inch LTE Cat4-enabled all-in-one phablet, during Huawei presentation before the start of the Mobile World Congress in Barcelona, February 23, 2014. [Photo/Agencies] |
Huawei emerged as the world's third-largest smartphone manufacturer last year, following South Korea-based Samsung Electronics Co Ltd and US-based Apple Inc. Huawei's consumer business, mainly consisting of smartphone sales, received 57 billion yuan in revenue, a year-on-year rise of 18 percent.
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