Founded in 2003 by high-school dropout Jack Wong, Meizu began as a manufacturer of MP3 players and later MP4 players. In 2008, Meizu moved its focus to smartphones. Meizu is the 11th largest smartphone manufacturer in the world, and sold over 20 million units in 2015. In February, 2015, Alibaba invested $590 million in Meizu, acquiring an undisclosed minority stake.
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