Lenovo Group, China's biggest computer maker, announced on Friday that it has set up a 100 million yuan ($150 million) investment fund to support Chinese developers creating mobile Internet applications and services, as part of its efforts to expand its online application store to compete with rivals such as Apple Inc.
Earlier this year, Lenovo launched an Android-based smartphone and revealed a new tablet computer with a detachable screen. Last month, the Chinese computer vendor also set up a new firm to develop a controller-free game console called eBox.
Legend Holding Ltd announced Wednesday it would invest 1.2 billion yuan in China Auto Rental, NetEase reported Wednesday.
Lenovo Group Ltd hopes to further tap into China's mobile Internet market through enterprise solution applications on its Android-based LePhone.
Chinese computer maker Lenovo Group on Tuesday launched a new version of its LePhone in partnership with China Telecom, in its latest effort to expand its cell phone business in the world's biggest mobile-owning population.
Chinese computer maker Lenovo Group said on Monday it aims to become the biggest producer of mobile devices in China as the company tries to expand its presence outside its traditional PC turf.
"I am convinced that Lenovo's latest smartphone, LePhone, will be a success in the Chinese market," said Liu Chuanzhi, chairman of Lenovo Group.
Chinese computer maker Lenovo said it expects to sell more than 1 million of its LePhone smartphones nationwide over the next 12 months.
Chinese computer maker Lenovo Group Ltd said it will aggressively expand in emerging markets while holding the lead position in its home market this year.
Legend Holdings, parent of the world's No 4 PC maker Lenovo Group, plans to seek a Hong Kong listing in the next five to seven years, the South China Morning Post reported today, citing chairman Liu Chuanzhi.
Lenovo Group is targetting sales of 1 million units of its self-developed smartphone in the China market this year, an executive said on Monday.
Chinese computer maker Lenovo Group said on Thursday that it is considering expanding its manufacturing capacity in western China in order to meet rebounding market demand and further cut costs.
Lenovo Group Ltd, China's biggest maker of personal computers, has reported fiscal first-quarter profits of $54.9 million.
Chinese computer maker, Lenovo Group, said on Thursday that rising labor costs in southern regions during the past few months will have little impact on the company's profitability.
Lenovo's overseas income will greatly increase in 2010 due to the economic recovery of the overseas market and the company's strategic adjustment, Lenovo CEO Yang Yuanqing said Friday.
China's Lenovo, the world's No 4 personal computer maker, said it will develop more products this year for the mobile Internet, attempting to gain ground after a late start into the hot smartphone market.
Personal computer maker Lenovo Group Ltd said Thursday that it expects a significant rebound in demand from business users in the second half of the year.
Lenovo Group Ltd, China's biggest maker of personal computers, reported fiscal third-quarter profit that beat analysts' estimates as the reviving Chinese economy boosted demand for technology products.
Chinese computer maker Lenovo Group is planning to alter its 17-year tradition of targeting high-end business users by refocusing its ThinkPad notebooks at small businesses and home offices settings.
Computer maker Lenovo Group yesterday said it considers mobile Internet as its next big opportunity and would further expand its presence in the smartphone market.
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