Finnish smartphone developer Jolla has sold a small piece of itself to a Chinese investment company China Fortune‘s sister company Express Fortune, in a complicated financing operation.
As we wrote earlier, Jolla is working it’s way to compete with the Android and iPhone on the Chinese market. Last year Jolla unveiled their own operating system Sailfish on the Slush -startup conference.
Now Express Fortune has bought a 6.25 per cent equity share of Jolla which means about million euros worth of Jolla been sold to the Chinese investment company. Jolla is collecting capital and the financing operation is expected to end in March this year.
