China Fortune invests in Jolla

China Fortune invests in Jolla

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]

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