Back in 2022, entrepreneur Eric Li, who founded Chinese automaker Zhejiang Geely Holding, purchased a majority stake in Meizu, a Chinese consumer electronics company through his venture, Hubei Xingji Shidai Technology. The purchase of a 79.09% stake in Meizu allowed the two companies to collaborate in areas such as software, while Meizu remained an independent brand. Now, Eric Li launched DreamSmart, a new venture intended to focus on global connectivity and communications.
Shen Ziyu, the current chairman of Meizu and vice chairman of Xingji Technology, revealed last year that companies can stand out in the crowded smartphone industry by offering unique products, particularly at the premium level. Drawing on his experience in the car industry, Shen acknowledged last year that overall car sales were declining, but new energy vehicles have shown a lot of promise.
Similarly, while there are plenty of low-end smartphone options, there are few choices at the premium end of this segment, and the homogenization of products is a pressing issue. Meizu’s Android-based FlymeOS has already set the brand apart, and the company plans to extend its software across a range of devices. Xingji Technology was developing a portfolio of next-generation smartphones, mobile devices, and wearable smart devices at the time that will utilize extended reality technologies.
Furthermore, as mentioned previously, the establishment of DreamSmart ( Xingji Meizu Technology Group), a holding company led by Eric Li, aims to meet the demand for enhanced human connectivity. It will create, invest in and support pioneering businesses that provide game-changing experiences, accelerating their development to converge information, communication, and transportation innovation. DreamSmart’s first move is to combine Xingjishidai’s advanced innovation with Meizu’s long-established experience in smartphone technology. This new powerhouse, called Xingji Meizu Technology Group, will focus specifically on China and Asia.
In addition to DreamSmart’s Asian operations, Li is developing a separate division to bring state-of-the-art technology to the rest of the world. DreamSmart will be headquartered in Singapore with Li as Chairman while continuing to serve as Chairman of Geely Holding Group. Li aims to invest in ideas and businesses that will enhance human lives.
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(Source)
