Last year, Li Nan, China-based smartphone maker Meizu’s co-founder and Vice President, resigned from the company. At that time, he had said that he would focus on the consumer market and developing new brands.
Today, he has announced the launch of its new company — Numiao Technology aka Angry Miao Technology. The company has also confirmed that it will hold a press conference later this month.
The online press conference, which is scheduled to take place on 26th August, could see the first batch of devices getting launched by the company. However, we are not yet sure what the devices are.
Not just devices, it is not yet known what the focus of the company will be. It is unlikely that the company will be launching smartphones as it could violate non-compete contracts given that Li Nan was a Vice President at Meizu just a year back.
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As per the reports coming from the Chinese media, the company has received millions of dollars in investment from Meituan Dragon Ball Capital. However, this has not been confirmed by the company. It is also being reported that the focus of this new brand by Li Nan will be towards the younger audience.
Li Nan had co-founded Meizu along with Bai Yongxiang who is the CEO and Huang Zhang (Jack Wong). The company started as an MP3 player manufacturer before switching to making smartphones in 2008. Its portfolio is quite diverse now but phones remain the company’s major source of revenue.
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