Lenovo Group and the Hong Kong Cyberport Management Company Limited (Cyberport) have entered into a collaboration to establish the region’s first cloud service and product development center, as reported by Laura Luo on Datacenter Dynamic’s Chinese website. Paul Chow, chairman of Cyberport and Yang Yuanqing, chairman and CEO of Lenovo signed the Memorandum of Understanding (MoU). Under the agreement, the two parties will cooperate in a number of areas, including research and development (R&D), personnel training and employment, cloud computing, assisting start-ups, big data, and Internet industry development.
BEIJING: Motorola, the mobile handset maker bought by China’s Lenovo Group Ltd from Google Inc for $2.9 billion, is optimistic about its prospects in the Chinese market, its president told Reuters. Lenovo’s acquisition, completed three months ago, ended Google’s move into the consumer mobile handset business. The deal has turned personal computer-maker Lenovo into a challenger in the higher-end smartphone market, competing with Samsung Electronics and Apple Inc.
Lenovo, the world’s largest supplier of personal computers, has tapped Cyberport in Hong Kong to serve as its research and development base for new “cloud computing” products and services. The computer giant’s cloud research operation represents the latest high-profile tenant landed by the Hong Kong government-backed technology complex, which opened in 2002 with Microsoft among its anchor tenants.
NEW DELHI:Lenovo on Friday launched India’s cheapest smartphone that can work on fourth-generation telecom technology, pricing it aggressively at Rs 6,999 to take on offerings from Microsoft, Xiaomi and Micromax that have recently launched 4G devices costing less than Rs 10,000. The Chinese company will sell the 4G LTE smartphone, A6000, exclusively via online marketplace Flipkart through flash sale, a model that has been adopted by Xiaomi and Motorola in India with great success. The first flash sale is on January 28.
With the server market’s rapid growth and the China government’s aggressive efforts to build up the country’s server industry, China-based server brand vendors have all seen their annual shipment growths surpassing 50% in the past few years. As Lenovo completed the acquisition of IBM’s server business in September of 2014, Digitimes Research expects the strong growth to continue in 2015.
Enjoying growths in both tablet and notebook shipments, Lenovo is estimated to beat Samsung Electronics in mobile computing device shipments (notebooks and tablets) by about one million units in 2014 and become the second-largest mobile computing device brand vendor worldwide, only behind Apple. Despite difficulties to achieve further shipment growths for its tablet business, Lenovo with its advantage as the largest notebook brand vendor worldwide and aggressive promotions of its inexpensive and phone-enabled tablets is expected to achieve 50 million in total tablet and notebook shipments in 2015, widening its gap with Samsung to nine million units.
China-based electronics maker Fenda Technology recently announced it has been selected by Lenovo as a qualified supplier for the vendor’s wearable devices, which implies that Lenovo is poised to start mass producing a wearable device in the near future, according to a Chinese-language Sina.com report. Fenda declined to provide further details about the cooperation.
Lenovo and Asustek are expected to release Chromebooks using Google-certified solutions from China-based Rockchip in the first half of 2015 at the latest, and their devices are expected to be priced at US$149, a new low for notebook products, according to Digitimes Research’s latest finding from the Greater China supply chain. Rockchip is a first-tier tablet application processor (AP) designer in China and has recently cooperated with Intel over chip design and the distribution of Intel’s SoFIA chips.
Lenovo and Google jointly announced that Lenovo formally completed its acquisition of Motorola Mobility from Google, and this now makes Lenovo the third largest smartphone maker in the world. Yang Yuanqing, chairman and chief executive officer of Lenovo Group, said that while enhancing the company position as the third largest smartphone maker in the world, Lenovo will challenge the top two competitors.
Lenovo reportedly will launch Chromebook models targeting the sub-US$170 segment in early 2015, a move which will further drag down profits for notebook vendors, according to Taiwan-based supply chain makers. Lenovo’s Chromebooks will be powered by CPUs from China-based Rockchip Electronics and produced by China-based ODM Bitland Information Technology. Additionally, Rockchip will also be responsible for the integration of the supply chain for Lenovo.
NEW DELHI: China’s Lenovo, better known for its personal computers, expects smartphone growth in the Asia Pacific region to be led by India, a fast growing but highly competitive market which will also be a key contributor to the company’s global success post its Motorola acquisition. Lenovo that completed the $2.91 billion acquisition of formerly Google-owned Motorola last week said that globally it had become the No 3 brand by market share, while its position in India has been elevated to among the top five brands.
Lenovo’s newest earnings report, released this afternoon, shows that the Chinese company shipped 32.8 million smartphones worldwide in the six months ended September 30. That’s a record high, up 38 percent from the same period a year ago and outpacing the 25 percent growth in smartphone shipments in general. Lenovo credited this phone growth to “aggressive business expansion in emerging markets outside of China.” Indeed, markets outside of China now account for 20 percent of its shipped smartphones, which is up from nine percent a year ago.
Chinese PC maker Lenovo is reportedly planning to launch a new flagship smartphone in India this week. Lenovo has begun sending invites to select media houses for the launch event of an unnamed device scheduled on 6 November. In the invitation, the company has emphasised on the mystery device’s unique ‘multi-layered’ design, hinting that the upcoming event will witness the launch of the recently unveiled Octa-core powered Vibe X2 smartphone, reported BGR India.
NEW DELHI/BEIJING: After the closure of its $2.9 billion Motorola acquisition, world’s fourth largest smartphone maker Lenovo today said it will continue to sell the US brand as a separate label in India, one of its “most important” markets. In January this year, Lenovo had announced that it will acquire Motorola Mobility for $2.9 billion from tech giant Google, one of the largest acquisitions by a Chinese tech firm. Google, itself, had bought Motorola in 2012 for $12.4 billion.
WASHINGTON: Lenovo announced on Thursday (Oct 30) it has completed its acquisition of Motorola Mobility from Google, a move strengthening the Chinese giant’s position in the smartphone market. The US$2.9 billion deal, announced in January, ends Google’s brief ownership of the one-time mobile phone star. By adding Motorola, Lenovo positions itself among the top global smartphone makers behind Samsung and Apple.
Major China-based handset vendors including Coolpad, Lenovo and Xiaomi Technology are unlikely to reach their shipment goals set for 2014 due to slow sales of 4G models in the third quarter and gloomy prospects for the fourth quarter, according to Digitimes Research. The conclusion comes after Digitimes Research researchers and analysts made a visit to dozens of upstream and downstream makers in China’s handset supply chain during the August-September period.
Most 7-inch tablets’ prices have dropped significantly during October with several first-tier vendors’ 8GB models even dropping to as low as US$99. Meanwhile, 8-inch tablets also seen their prices decrease with stable panel supply and vendors expanding their investments in related products. Among the vendors, Lenovo was the most aggressive about price cuts.
Lenovo plans to increase its Thai market share as it invests an additional USD5 million in Thailand in 2014. Jeerawut Wongpimonporn, general manager of Lenovo Thailand, said that Lenovo’s Asian headquarters has approved this additional budget plan. Of the total investment, USD2 million to USD3 million will be used to expand marketing channels, enhance marketing, and improve operation and management; while the remainder will be used for office maintenance and the creation of a server demonstration center.
NEW DELHI: Amid cut-throat competition and allegations of predatory pricing between online and offline retailers, Chinese electronics major Lenovo is working on bringing in differentiated products for the two platforms to offer a wider choice of devices to end-consumers. Many sellers on popular e-commerce sites like Flipkart and Snapdeal have been selling products, especially electronics, on discounted rates or what physical retail stores refer to as “predatory pricing”.
The new series of Yoga tablets will feature Intel processors. Lenovo will retail these products exclusively on Flipkart – one of India’s largest e-commerce portals. Among the four new models, only Yoga Tablet 2 (8-inch) will be on sale from tomorrow, the other three will be available for sale only from mid-November. The second generation of Yoga series has one 8-inch, two 10-inch and one 13.29-inch models. One will run on Windows OS, while the other three will feature Android OS at its core.