The Chinese government’s recent efforts to encourage sales of high-end electronic products in rural markets may encourage computer makers from home and aboard to increase their presence in Chinese counties and villages.
Wang Zhong, general manager, Desk Computer Marketing, Lenovo Group, said though demand for high-end computers is high amongst rural consumers, sales have been limited [...]
Lenovo Group Ltd returned to the black when it posted a better-than-expected net profit in the third quarter after three consecutive quarterly losses, thanks to growing income from China and other emerging markets as well as improved business in the Western markets.
Tags: computer, IT, Lenovo, PC
In China’s 3G-market arena, China Mobile has always been the front-runner. It was the first carrier to launch 3G services, the first to run an online application store, and the first to release its own mobile operating system.
But the world’s largest cellphone operator now seems likely to lose the numero uno status for launching the [...]
China’s rural populace is offering new hope for computer makers as sales in urban markets decline due to the global financial crisis. But foreign vendors seem to be responding slowly to this new market.
As part of its efforts to stimulate the domestic consumer market, the Chinese government launched a program earlier this year to give [...]
Shares of Lenovo Group Ltd, China’s biggest personal computer maker, fell the most in more than a month in Hong Kong trading yesterday after three major shareholders sold their shares.
TPG Inc, General Atlantic LLC and Newbridge Capital LLC raised HK$1.03 billion (US$133 million) selling 291.5 million Lenovo shares at HK$3.55 each, a sales document said.
Lenovo [...]
China’s Legend Holdings plans to invest 10 billion yuan (about 1.4 billion U.S. dollars) over the next five year in industries such as clean energy and environmental protection, as part of its effort to transform itself into a corporate investment-holding company, China Daily reported Wednesday.
Legend Holdings, parent of the Chinese computer maker Lenovo Group, said [...]
