Comment on Chinese Android Phone Maker Meizu Raises more than US$300 million, Valued at over US$3 billion by Alibaba Leads US$650M Investment in Chinese Smartphone Maker Meizu - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-07-22 00:00:00

Meizu MX3 PhoneMeizu, the Chinese smartphone maker, disclosed today that the company had raised more than RMB2 billion (more than US$300 million) at a valuation of more than RMB20 billion (more than US$3 billion). The very first round of funding had been closed by the end of the June, according to the company, which began in early this year, although for years the founder of the company, Huang Zhang (aka J.W.) The company disclosed it today must have something to do with that Xiaomi, whom Meizu founder publicly hates, launched its latest flagship phone today. Meizu Mr. Huang accused Xiaomi stealing its business secrets. Meizu and Xiaomi would launch their third-gen Android phones in September 2013.