A Chinese regulator says automaker Geely plans to acquire a 79% stake in smartphone maker Meizu for an undisclosed amount and release a smartphone by 2023 (Brenda Goh/Reuters)

Brenda Goh / Reuters:
A Chinese regulator says automaker Geely plans to acquire a 79% stake in smartphone maker Meizu for an undisclosed amount and release a smartphone by 2023  —  A venture run by the founder of Chinese automaker Zhejiang Geely Holding (GEELY.UL) plans to acquire an 79% stake in Chinese smartphone maker Meizu …