Beijing, June 14 (IANS) Chinese carmaker Geely has acquired Meizu, the Alibaba Group-backed smartphone maker, as the automaker plans to bolster its connected ecosystem. Hubei Xingji Shidai Technology, a venture by Geely founder Li Shufu, has bought a 79.09 per cent stake in Meizu, South China Morning Post reported on Tuesday. Meizu’s market share has since fallen to just 0.1 per cent in China. “Mobile phones and devices have quickly evolved into mobile terminals and application platforms, which not only allow users to enjoy the fruits of innovation in the quickest manner possible, they also act as a pathway to...