Alibaba is making a big play in the smartphone market
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Jason Lee/Reuters
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Alibaba didn't disclose how much of the privately owned handset maker it will acquire.
The deal will help Alibaba push its mobile operating system within China through Meizu's handsets, while giving Meizu access to Alibaba's e-commerce sales channels and other resources, the companies said in a joint statement.
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(Reporting by Paul Carsten; Editing by Kenneth Maxwell)
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