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Alibaba's $590 million smartphone bet

11:08 AM ET Mon, 9 Feb 2015

Alibaba announced a $590 million investment in Meizu, the company that has the best-selling mid-priced phone in China. Jon Steinberg, Daily Mail North America CEO; Slava Rubin, Indiegogo CEO; and CNBC's Jon Fortt and Kayla Tausche, discuss.