Intertwining with traditional sectors to be key

Yang Yuanqing, Chairman and CEO of Lenovo Group Ltd. [Photo/IC]

A1 According to China's 13th Five-Year Plan (2016-20), the nation encourages the development of the Internet economy and the government has adopted the Internet Plus strategy to push cyber-based innovation in various areas, including business models, logistics and supply chains. The Internet will become a major driving force in the next five years. In the information era, the Internet will be one of our core competitiveness areas, as it connects every industry. A company can take advantage of modern technology to reform its traditional business models. In all, the Internet industry will boost the Chinese economy and social development.

A2 The combination of the Internet and traditional economic sectors will lift China as a strong power in the Internet era. The overall picture of the Chinese economy is positive. Premier Li Keqiang has been advocating entrepreneurship and innovation in startups. The government has also issued policies to encourage industrial reform and upgrades by integrating with the Internet. If we leverage Internet technology to take advantage of traditional economic sectors, it will help speed up the country's economic growth.

A3 The Internet is a critical tool for companies to upgrade their businesses. Internet companies have been deeply integrated in industry but some traditional companies have yet to fully embrace this trend. As long as traditional businesses arm themselves with Internet technologies, I am sure they will stand a better chance in future competition.

A4 Opportunities are everywhere. Chinese companies should build their competitiveness and speed up reform. Lenovo will focus on a few core business units such as PCs, mobility, and cloud and enterprise products.

In the mobile segment, first, we are expanding emerging markets outside China. Secondly, we will enter developed markets with newly released devices. Third, we are focusing on expanding our market channels and cooperating with telecom carriers to regain our leadership in Chinese market.

In the PC sector, we are the world's largest in terms of shipments for 10 quarters. Currently, we hold 21 percent of the global market and are targeting to obtain 30 percent of the markets outside of China. Lenovo will continue growing in the global PC market by providing more innovative products and better user experience.

A5 Persistent people with strong implementation capabilities have created some of the most successful companies in the world. An entrepreneur has to have this attitude－to be persistent and down to earth. Every step will bring them closer to success.