customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

helpersCheckIsPostiesArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

moreOnThisArticles

urlAlias

commentCount

sponsorType

authorLocations

authors

paywallTypes

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

socialHeadline

headline

flag

firstTopic

glossary

flattenTypeIds

publishedDate

additionalInfoBoxes

images

image

relatedLinks

relatedNewsletters

__typename

createdDate

sponsor

factSheets

series

knowledgeQuestion

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

copyrighted

customTimezone

liveContents

Li Tao

Bien Perez

The head of Lenovo Group said that despite trade tensions between the US and China, the world’s two biggest economies need each other as globalisation pushes forward.
“No country can develop just relying on themselves,” said Lenovo chairman and chief executive Yang Yuanqing in an interview in Hong Kong on Thursday. “China needs technology products from the US, while US companies need many things from China, not the least of which are the domestic market and manufacturing.”
“That’s the globalisation trend, and it will not reverse course,” Yang said.
His comments followed recent talks between senior officials from Beijing and Washington that have helped eased frictions between the two sides and averted a trade war for now.
Lenovo's revenue beats estimates as PC arm shows signs of life
It also reflected how Lenovo, the world’s second-largest personal computer supplier, has conducted itself as a global enterprise, with operations in more than 160 countries, since it acquired the PC business of IBM in 2005. Lenovo has dual headquarters in Beijing and Raleigh, capital of the state of North Carolina in the US.
“We originated from China, but we are now a global company,” Yang said.


Hong Kong-listed Lenovo has so far escaped the scrutiny and suspicion that hangs over telecommunications equipment manufacturers Huawei Technologies and ZTE Corp. The two Shenzhen-based firms also have vast international operations, but both have been the target of US scrutiny for suspicion of being threats to national security.
Ignore the White House. China is winning Trump’s trade war
Such concerns have stymied efforts by Huawei and ZTE to sell network equipment to large US telecoms carriers.
The US recently imposed a seven-year export ban on ZTE for violating sanctions on selling telecoms equipment to Iran and North Korea. That ban prevents US hi-tech suppliers from selling software and other components, especially semiconductors, to ZTE.
US trade war: when the (micro) chips are down, here’s where Chinese cash flows
Huawei was reported to be under investigation for violating US trade sanctions on Iran, according to The Wall Street Journal, which cited unnamed sources.
The strained relations prompted Huawei founder and chief executive Ren Zhengfei to urge employees not to harbour any anti-US sentiments, according to a memo addressed to several departments, dated April 8 and seen by the South China Morning Post.
Lenovo denies it chose Windows over Linux in second tech row
Yang declined to comment on the security issues faced by Chinese hi-tech companies, saying “those topics are hot enough”.
Lenovo, which reported on Thursday a US$189 million net loss for its financial year ended March 31 due mainly to a one-time charge, will be among the first group of companies to launch a 5G smartphone in the US and other markets in 2019, according to Yang.
He said Lenovo also plans “to embed 5G [connectivity] into other kinds of devices, including PCs and tablets”.
5G, the latest advance in mobile communications technology, has become the biggest opportunity for China to emerge as a leader in telecoms development.
We originated from China, but we are now a global company
Yang Yuanqing, chairman and chief executive of Lenovo
Beijing has forecast the country’s total investments on 5G mobile networks to reach 2.8 trillion yuan (US$438 billion) from 2020 to 2030, which would mark the most expensive buildout of telecommunications infrastructure on the mainland.
Lenovo, however, has recently been the subject of speculation that it failed to back Huawei in the setting of the universal standard for 5G.
Although Lenovo initially voted for a technology led by US firm Qualcomm when a Huawei alternative was available, the vote in question was only for part of one specification. The company ultimately voted for Huawei’s Polar Code, which won the group vote in a third and final meeting in November 2016, Lenovo founder Liu Chuanzhi said in a post on the company’s WeChat channel last week.
China’s big data push aims to improve cancer survival rates
Yang said Lenovo was also sharpening its focus on artificial intelligence (AI), but different from the strategy of Chinese internet giants Baidu, Tencent Holdings and Alibaba Group Holding, the parent company of the South China Morning Post.
In a separate interview on Thursday, Lenovo chief operating officer Gianfranco Lanci said the goal was to have AI capabilities in a range of products, including personal computers, smartphones and so-called Internet of Things devices.
That would be followed by Lenovo entering the systems integration field, offering services and a new range of products to other manufacturers and large companies to automate their processes using AI.


China’s Lenovo builds AI servers in India as supply chain shift gathers pace

Lenovo launches new batch of AI-capable PCs powered by Intel, AMD and Qualcomm processors

Ex-Lenovo salesman fired over wrongful wee in hotel lobby seeks financial relief

China’s first AAA game Black Myth: Wukong has both fans and brands excited

Lenovo

Lenovo chief says US and China need each other, globalisation won’t reverse course

Yang Yuanqing, the chairman and chief executive of Lenovo, said China needs technology products from the US, while the US needs the mainland market and its manufacturing resources

Yang Yuanqing (left), the chairman and chief executive of computer giant Lenovo Group, said the company will be among the first suppliers of 5G smartphones in the global market. At Yang’s left is Lenovo chief operating officer Gianfranco Lanci, beside data centre group president Kirk Skaugen. Photo: Jonathan Wong

Lenovo's revenue beats estimates as PC arm shows signs of life

Lenovo has focused on burnishing the premium appeal of its mainstream PCs while moving more deeply into the lucrative gaming segment

Promotion girls from Lenovo Booth is seen at Hong Kong Computer and Communications Festival 2016 at Hong Kong Convention and Exhibition Centre in Wan Chai. Photo: SCMP

Lenovo denies claims it chose Windows over Linux in second row over technology

Lenovo’s rebuttal comes after it was accused of failing to back Chinese telecoms company Huawei in setting global standards for fifth generation (5G) mobile communications technology, which it also denied

Legend Holdings chairman Liu Chuanzhi, poses for a photograph at Four Seasons Hotel in Central. 17JUN15

People visit the stand of Lenovo during the Mobile World Congress on the third day of the MWC in Barcelona, on March 1, 2017. Photo: AFP

Lenovo stumbles in turnaround of smartphone business as it reports a quarterly net loss

The world’s second-largest personal computer supplier recorded a US$289 million net loss for the quarter ended December

Lenovo Group chairman and chief executive Yang Yuanqing said the company has the right strategy in place for its mobile business to deliver sustainable growth in the long term. Photo: K.Y. Cheng

Lenovo spin-off joins Chinese hospitals to improve cancer survival rates with help of AI

Trusted mainland Chinese companies are now working with hospitals to collect a vast trove of genetic and health data aimed at saving lives

(180111) -- BEIJING, Jan. 11, 2018 (Xinhua) -- Parents pay fee at Beijing Children's Hospital in Beijing, capital of China, Jan. 11, 2018. China's health authority has urged strengthened monitoring and treatment in face of the current influenza outbreak. The National Health and Family Planning Commission (NHFPC) in a circular asked medical organs at all levels to reserve enough antiviral medicines, and allocate medical resources and equipment such as respirators and monitors for timely treatment of severe cases. The commission also demanded close monitoring of the mutation of flu virus strains, and suggested schools have daily check-ups for students. (Xinhua/Zhang Yuwei) (yxb)

The survival rate for malignant tumours in China is only about 30 per cent, lower than the global average of 50 per cent and substantially behind the 70 per cent success rate in many developed countries. Photo: Xinhua

Lenovo forms PC venture with Fujitsu as quarterly profit rebounds

An employee casts a shadow against a screen showing the logo of Lenovo during a news conference of interim results announcement in Hong Kong November 9, 2006. Lenovo Group Ltd. posted a worse-than-expected 16 per cent quarterly earnings slide, as the world's No. 3 PC maker asked for patience while it struggled to make global headway after buying IBM's PC arm. REUTERS/Paul Yeung (CHINA)

FILE PHOTO: A product of Lenovo is displayed during a news conference on the company's annual results in Hong Kong May 26, 2016. REUTERS/Bobby Yip/File Photo GLOBAL BUSINESS WEEK AHEAD SEARCH GLOBAL BUSINESS 30 OCT FOR ALL IMAGES

Tech

Tech leaders and founders

Big Tech

Enterprises

Business

China Business

Yang Yuanqing, the chairman and chief executive of Lenovo, said China needs technology products from the US, while the US needs the mainland market and its manufacturing resources
