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Lenovo Group Ltd

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  • BEIJING, Dec 24- China's Huawei Technologies Co Ltd has taken sales of its low-price Honor brand of smartphones to 20 million from 1 million in just one year, hitting pay dirt with the disruptive online-only strategy it copied from smaller upstart Xiaomi Inc.. But analysts say the low-cost strategy has fanned the price wars and thin profit margins prevalent in...

  • In 1988, Wang left the army and borrowed 1 million yuan to start a real estate company in Dalian, northeast China. He attracted global firms such as Wal-Mart Stores Inc and Macquarie Group as partners. Now the company that pioneered mixed-use commercial developments in China is making its market debut on Tuesday in Hong Kong's biggest stock listing since 2010,...

  • WASHINGTON, Dec 4- Samsung Electronics Co Ltd asked a U.S. appeals court on Thursday to toss out an order that it pay Apple Inc $930 million for infringing on iPhone patents to make its Galaxy line of smartphones and tablets. In this case, Samsung asked the court to throw out a decision from the U.S. District Court for the Northern District of California which had...

  • Misfit, which claims to make the biggest-selling activity and sleep tracker in China, said on Tuesday it has raised new financing from Xiaomi, e-commerce company JD.com Inc, and venture-capital firms GGV Capital and Shunwei. But the deal with Misfit would be the first instance of the company investing in a U.S.-based wearables company as it pursues its...

  • The 7th U.S. Circuit Court of Appeals in Chicago said Motorola Mobility, a unit of Lenovo Group Ltd, could not invoke U.S. antitrust law because its foreign subsidiaries had been the "immediate victims" of a conspiracy to boost prices on liquid crystal display screens. The defendants include AU Optronics Corp, Chunghwa Picture Tubes Ltd, HannStar Display Corp, LG...

  • Nov 26- A federal appeals court on Wednesday rejected Motorola Mobility LLC's attempt to hold several Asian suppliers liable under U.S. antitrust law for fixing prices of mobile phone displays sold to its foreign units. The 7th U.S. Circuit Court of Appeals in Chicago, in an opinion by Circuit Judge Richard Posner, said Motorola Mobility, a unit of Lenovo Group Ltd,...

  • Nov 20- Marvell Technology Group Ltd forecast lower-than-expected revenue for the current quarter as weak demand for its chips used in third-generation mobile communication offset a rise in sales of its more profitable 4 G LTE chips. Marvell also took the brunt of weakness at its biggest customer Samsung Electronics Co Ltd.. Marvell has been investing...

  • BEIJING, Nov 14- Blackberry Ltd Chief Executive John Chen sees Asia as key to reviving the loss-making smartphone maker's fortunes but expanding in the region's biggest market China, where security data concerns are rife, is currently not a priority. Instead, the company is keen on expanding in India and Southeast Asian countries like Indonesia, Malaysia and...

  • At a Chicago hearing on Thursday, a three-judge panel of the 7th U.S. Circuit Court of Appeals questioned whether the allegations had enough connection to the United States to be heard in U.S. courts. Motorola Mobility, a unit of China's Lenovo Group Ltd, sued the suppliers in Chicago federal court in 2009, saying some of its subsidiaries had overpaid for liquid...

  • The Chinese smartphone that's ramping up in the US Thursday, 13 Nov 2014 | 12:12 PM ET
    ZTE Zmax

    ZTE is building brand awareness in the US with new partnerships that add to its second-place edge in the growing prepaid market.

  • SEOUL, Nov 13- Samsung Electronics Co Ltd aims to restore its crumbling lead in the global smartphone industry in part by ramping up high-end devices with curved screens full of advanced technology that's tough for rivals to replicate. Samsung Electronics is headed for its worst annual profit in three years, under siege as Chinese firms like Xiaomi Technology...

  • Hong Kong shares end lower, railway sector slumps Friday, 7 Nov 2014 | 3:07 AM ET

    SHANGHAI, Nov 7- Hong Kong shares ended lower after a volatile session on Friday, pressured by profit taking and concerns over the status of a cross border stock trading scheme. The Hang Seng Index unofficially closed down 0.4 percent at 23,550.24 points, while the China Enterprises Index of the leading offshore Chinese listings in Hong Kong fell 0.3 percent.

  • Xiaomi lines up $1.5 billion in fresh capital Friday, 7 Nov 2014 | 1:00 AM ET

    Xiaomi is said to raise close to $1.5 billion in capital, in the largest private financing for a venture-backed company. The Financial Times reports.

  • SHANGHAI, Nov 7- China shares rose on Friday, buoyed by strength in brokerages as investors regained confidence after the Chinese central bank pumped liquidity into the financial system to help the economy. "I've seen investors are confident to buy into those low-valuation heavyweight stocks," said Du Changchun, analyst at Northeast Securities in Shanghai,...

  • Behind Lenovo's Q2 revenue decline  Thursday, 6 Nov 2014 | 8:36 PM ET

    Thursday's second quarter results indicate that Lenovo is struggling to keep up with compeition in China's smartphone market, says Jean-Louis Lafayeedney, Technology Analyst at Societe Generale Ji Asia.

  • BEIJING, Nov 6- Lenovo Group Ltd reported quarterly revenue that missed analyst estimates, with a decline in smartphone sales curbing investor optimism about the world's biggest maker of personal computers turning into a force in mobile devices. Lenovo's earnings came at a time of unprecedented competition in China's smartphone market, with rivals...

  • Hong Kong shares end lower on profit-taking Thursday, 6 Nov 2014 | 3:09 AM ET

    SHANGHAI, Nov 6- Hong Kong shares fell on Thursday, dampened by consolidation after recent rallies and uncertainty over the progress of a cross-border share scheme between Shanghai and the city. The Hang Seng Index unofficially closed down 0.2 percent at 23,649.31 points, while the China Enterprises Index of the leading offshore Chinese listings in Hong Kong...

  • *Names Yahoo co-founder Jerry Yang to board of directors. BEIJING, Nov 6- Lenovo Group Ltd, the world's biggest maker of personal computers, reported a 19 percent jump in net income in the second fiscal quarter, but revenue fell short of analyst expectations, sending shares lower. Shares of Lenovo shed 2.46 percent in Thursday afternoon trade, compared with a 0.1...

  • Lenovo profit climbs 19% as PC market share grows Thursday, 6 Nov 2014 | 12:51 AM ET

    Lenovo said net income jumped 19 percent in the second fiscal quarter, as it tightened its hold over global PC sales even as the market shrunk.

  • BEIJING, Nov 6- Lenovo Group Ltd, the world's biggest maker of personal computers, said net income jumped 19 percent in the second fiscal quarter, beating estimates, as it tightened its hold over global PC sales even as the broader market shrunk. Lenovo is now ramping up its assault on new product markets after closing in recent weeks two multi-billion-dollar...