Alibaba runs a global e-commerce site that is one of the most visited in the world. Now it wants to get into the smartphone business. If this idea sounds funny, remember, Amazon has been trying to do the same thing.
But Alibaba is taking a different approach. Rather than come out with its own brand, it's reportedly purchasing a $590 million stake of the existing China-based smartphone maker Meizu. According to Reuters, this is a minority stake in the company, not enough to give Alibaba control.
Read MoreChinese E-Commerce Giant Alibaba Invests $590 Million Into Smartphone Maker Meizu was written by the awesome team at Android Police.