Lenovo will be in a “very different” situation in terms of profit in the coming quarters as the Chinese technology giant implements a turnaround strategy, the company’s president said.» Read More
*CEO lauds 33 pct on-year growth in slowing China market. BEIJING, July 2- China's top smartphone maker Xiaomi Inc on Thursday reported semi-annual sales that for the first time were lower than the previous six months, jeopardising its full-year target and hinting at a slowdown in its mainstay domestic market. "Around 90 percent of Xiaomi's shipments are in China,...
BEIJING, July 2- Xiaomi Inc on Thursday said it sold 34.7 million smartphones in the first six months of 2015, casting doubt on the ability of China's most valuable tech startup to achieve its full-year target. Xiaomi's new sales data comes at a moment when industry analysts believe the smartphone market in China- where Xiaomi is No. 1- may be reaching saturation.
Asian equities were sold down on Monday after Greece failed to clinch a deal with its international lenders over the weekend.
Just as China's long-insatiable appetite for smartphones wanes, India promises to be the next hot spot for explosive growth, a new report claims.
WASHINGTON, June 15- The U.S. Supreme Court on Monday declined to take up a challenge by AU Optronics Corp to a $500 million criminal fine the Taiwan- based company was ordered to pay in 2012 after a conviction for price-fixing in the market for liquid crystal display panels. The court also rejected a related case in which Motorola Mobility LLC was seeking to revive...
Asian stocks declined on Monday on the back of concerns over Greece's debt talks and fresh tightening of margin financing in China.
China's low-cost smartphone maker Xiaomi launched a foray into U.S and Europe this week, but don't expect its handsets there anytime soon.
BEIJING, June 2- Lenovo Group Ltd has replaced the head of its smartphone unit, a critical business division that has seen its China sales tumble as Apple Inc and other high-end phone makers win over customers with sleeker product offerings. Yang told reporters last week at Lenovo's Beijing conference that China's smartphone market was really competitive,...
Chinese technology company Lenovo just made a play to increase its presence within the smartphone market.
Apple has continued to make its presence felt on the global smartphone market but is now facing a challenge from the Chinese giants.
May 22- Hong Kong stocks rose on Friday, buoyed by further gains in mainland China markets and expectations of fresh money inflows from Chinese investors. Lu Wenjie, a strategist at UBS Securities, estimated that Chinese investors could potentially pump 200 billion yuan into Hong Kong stocks in the next two to three quarters. Shares of Goldin Financial Holdings...
*UBS sees money flow to Hong Kong in 2-3 quarters. SHANGHAI, May 22- China stocks jumped to fresh seven-year highs on Friday morning, and looked set for their biggest weekly gain in two months, as investors raised bets that a month-long consolidation period is ending. The Hong Kong market paced gains.
Wong Wai-Ming, CFO of Lenovo, is confident that business on its home turf will continue to grow, but says the percentage of its Chinese business will likely fall amid a growing international market.
Lenovo Group said on Thursday its annual net profit rose one percent to $829 million, below expectations, after completing two major acquisitions.
Patrick Moorhead, president & principal analyst at Moor Insights & Strategy, discusses the outlook for Lenovo.
Jean-Louis Lafayeedney, director at Societe General Haitong, explains why he expects the world's number 1 PC company to outperform with its full-year financial results due Thursday.
As Apple basks in the unprecedented demand for its latest iPhones, suppliers from Tokyo to Taipei are sharing in the spoils. The FT reports.
Indian PM Narendra Modi is expected to bang the drum for his "Make in India" campaign during his China visit, but will firms from the "world's factory floor" bite?
iPhones may be selling like hotcakes in China, but overall demand for smartphones in the world's biggest market is in fact slowing, according to IDC.
BEIJING, May 6- Zhang Long made his fortune selling Pu'er fermented tea and handcrafted furniture from the mountains of his native Yunnan Province in southwest China. Last November, the 49- year old entrepreneur, who has no technology background, strode into a Beijing ballroom to pitch his latest made-in- China product: SPGnux, a Linux-based operating system he...