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Lenovo unveils global blueprint

30 September 2005 – Hong Kong (CHN): Lenovo Group has announced it will expand its geographical targets from three to five, including the establishment of Lenovo India, in a series of plans unveiled in its drive...

Lenovo Q1 profit up 6 per cent

 10 August 2005 – Hong Kong (CHN): Lenovo has posted a 6 per cent rise in Q1 net profit to HK$ 357 million ($45.94 million) compared to HK$ 336.8 million in Q1 2004. Q1...

Lenovo set for Taiwan

 Lenovo is to become the first Chinese company to legally set up a subsidiary in Taiwan, the Financial Times (FT) has reported. The Taiwanese government has confirmed that the firm has applied for and will...

Lenovo looks for IBM boost

Lenovo Group, the world's third-largest PC maker since its recent $1.25 billion takeover of IBM's PC assets, has reported a 12 per cent fall in its Q4 profit. The company posted Q4 earnings of...

Lenovo opens Taiwan subsidiary

 22 July 2005 – Taipei (TWN): Lenovo is to become the first Chinese company to legally set up a subsidiary in Taiwan, the Financial Times (FT) has reported. The Taiwan government has confirmed that the...

Playing catch-up

Lenovo's $1.25 billion purchase of IBM's PC division pushed it up to third place in the world rankings of largest PC vendors. And the Chinese company may just have what it takes to close...

Lenovo looks to IBM unit for growth

8 June 2005 - Hong Kong (CHN): Lenovo Group, one of the largest PC makers in the world, has reported a 12 per cent fall in Q4 profit. The company reported a Q4 profit...

Lenovo/IBM close deal as PC industry undergoes shake-up

China's Lenovo Group has closed the deal to purchase IBM's PC division for $1.25 billion, creating the world's third largest personal computing company. Lenovo expects its combined annual PC revenue to reach $13 billion,...

Lenovo to set up US innovation centre

24 May 2005 - North Triangle Park (NC): Lenovo has announced plans to establish a new innovation centre in North Carolina that will enable customers, business partners, solution providers and independent software vendors to...

Lenovo closes IBM PC deal

3 May 2005 - Beijing (CHN): China's Lenovo Group has closed the deal to purchase IBM's PC division for $1.25 billion, creating the world's third largest personal computing company. Lenovo expects its combined annual...

HP knocks Lenovo off perch

22 April 2005 - Hong Kong (CHN): According to latest findings by IDC, Hewlett-Packard (HP) has replaced China's Lenovo Group as the leading PC vendor in Asia-Pacific, excluding Japan. IDC said HP sales rose...

Macroeconomics

 It was viewed as something of an oddity some years ago. China's growth rates - averaging 9.4 per cent a year for the last two decades - seemed even up to the end of...

Market Development

 It's fashionable to look at China's manufacturing sector and just assume it sprung from nowhere. In fact, the story is really very different. Dating back to the creation of the special free zones in...

Green light for IBM/Lenovo deal

9 March 2005 - Armonk (NY): IBM and Lenovo have won clearance from the Committee on Foreign Investment in the US for Lenovo's $1.25 billion acquisition of IBM's PC business. IBM's SVP Stephen Ward,...

“Interesting” year ahead for PC market

Last year was a good year for the large PC vendors, while 2005, although not a replay of 2004, will be an "interesting" one for the industry, say analysts. In 2004, worldwide sales of...

IBM sells off PC business

Reports that IBM is to sell a majority stake of its PC business to China's biggest computer maker Lenovo Group have been officially confirmed. The deal, which is worth $1.75 billion, will see IBM...

‘Interesting’ year ahead for PC vendors

5 January 2005 - New York City (NY): Last year was a good year for the large PC vendors, while 2005, although not a replay of 2004, will be an interesting one for the...

IBM and Lenovo plan joint PC venture

7 December 2004 - Armonk (NY): IBM and Lenovo, China's largest PC manufacturer, plan to create a joint US-based PC company, with Lenovo owning the majority stake, according to a report in the Wall...

IBM to sell PC business for $2 billion

3 December 2004 - Armonk (NY): IBM has put its PC business up for sale in a deal that could be worth up to $2 billion, according to a report in the New York...

IBM/Lenovo deal confirmed

8 December 2004 - Armonk (NY): Yesterday's reports that IBM is to sell a majority stake of its PC business to China's biggest computer maker Lenovo have been officially confirmed. The deal, which is...

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