In January of this year, rumors surfaced that Chinese automaker Geely was planning to acquire a local
Meizu is currently controlled by HuangXiuzhang and Taobao China Software Company with shares of 49.08% and 27.23%, respectively. Geely plans to sign an agreement to acquire a 79.09% stake in Meizu. If the deal goes through, Huang Xiuzhang's stake will drop to 9.79% and Taobao China will exit the enterprise entirely. A 79.09% stake in Geely would give the automaker control of the Chinese technology company.
It is worth noting that recently things have not been going well for Meizu. I wonder what Geely will do.