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China Fortune Holding is investing in Jolla, the company behind the Sailfish OS, built on the heels of Nokia’s and Intel’s MeeGo platform. Under the deal, the Chinese firm will take a 6.25% stake in Jolla and help it launch smartphones in the world’s largest smartphone market (China).
China Fortune has a business unit focused on “fulfillment services, design, retail and logistics” for mobile devices, and is already a partner of Nokia for mainland China.
In a statement, China Fortune said that “since the Group has been in the related mobile phone industry for decades, and the potential for mobile phone related business development is surely enormous and sustainable, mobile phone operating system and mobile internet are the major key business areas the Group is interested in.”
It went on to add that while Jolla Oy is a new company, its team consists of well-experienced programmers and developers of mobile phone operating system.
The deal is being conducted through China Fortune’s subsidiary Express Fortune through a series of transactions worth around 1 million EUR.
[Via: MobileWorldLive]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
