Xiaomi will manufacture smartphones under the brand of Meitu

Xiaomi will manufacture smartphones under the brand of Meitu

19.11.2018

Xiaomi will manufacture smartphones under the brand of MeituThe company Meitu, known among lovers of self, said it will give its production of smartphones, another popular brand Xiaomi. The company management decided that much more profit they will bring in application for processing photos.

Xiaomi will develop software and design part for smartphone Meitu. Under the agreement, companies Meitu will receive a percentage of the profits from sales. Over time, the payments will be fixed when the profit reaches a certain level or be held for five years.

Xiaomi will manufacture smartphones under the brand of MeituThe first smartphone from the company Meitu was released in 2013. Over the years, has sold 3.5 million phones, but manufacture of this type for the creators still were unprofitable. The company lost $ 173 million. Now Meitu all know thanks to the application for processing a selfie, which the company released in 2017.