Amazon Joins Major Asian Backers of Android Creator’s New Phone

Amazon.com Inc. has joined Tencent Holdings Ltd. and the main assembler of iPhones in backing Essential Products Inc., the startup co-founded by Android-creator Andy Rubin that’s getting ready to sell a new smartphone.

China’s largest social media company and Foxconn Technology Group took part in a $300 million funding round for Essential alongside Amazon’s Alexa Fund and Access Technology Ventures, the VC firm said in a statement. Other backers included Redpoint Ventures, Altimeter Capital and Vy Capital. Access said it contributed about $100 million to the pot