Lenovo invests in start-ups for growth


CHINESE tech giant Lenovo maintained that it continues to outperform the global PC market despite declining demand for PCs and intends to remain on top of the industry by investing in innovation, particularly in artificial intelligence, robot and cloud computing.

“In terms of the PC and tablet market, we continue to grow and outperform the PC market,” Reggie Borja, Lenovo representative, said in a forum at the Edsa Shangri-La on Wednesday.

“It is a declining market but we continue to beat the way,” he said, noting that Lenovo’s $500- million tech startup fund, Lenovo Capital and Incubator Group (LCIG), has already invested in 40 startups to drive innovation just a year after its launch.

Borja noted that for 32 straight quarters, Lenovo has been leading the industry in terms of market share. From a market share of 11.9 percent in 2010/2011, Lenovo raised that to 21 percent by 2015/2016 and to 21.4 percent in 2016/2017.

Data from the International Data Corporation (IDC) showed that in the first quarter of this year, worldwide shipments of traditional PCs totaled 60.3 million units, an increase of 0.6 percent year-on-year, representing the first growth since the first quarter of 2012. HP took back the top spot for the first time since Q1 2013 with a 21.8 percent market share, with Lenovo dropping to second spot with a 20.4 percent market share, according to IDC.

Borja stressed that Lenovo will not stop in PCs and their servers. “We want to come up with new products and services to cater to consumers’ needs. We are investing half a billion dollars to drive new innovation and we want to promote sustainable development of this business opportunities,” he said.

“Today, we have already invested in 40 startups. Next year, we are hopeful to see benefits of the investment,” Borja added.

He said the company sells four devices in a minute and that it aims to sustain that momentum.

Borja said Lenovo received the best laptop award in 2017 from LAPTOP Mag, and during the Mobile Congress this year, the company got 30 awards and most of them were for its mobile and Yoga laptop-tablet hybrid products.

“It shows not just the products we sell but also the services we provide,” the company representative said.

“Preparing for the future, we want to have a company that is built for success. With the four pillars that we have—our PC and smart devices, mobile business group, data center group, and capital and incubator group—we want to grow,” he told Information Technology (IT) specialists and executives of different companies.

At the forum dubbed as “Different is Better,” Lenovo introduced its new generation ThinkPad series, assuring the IT industry that these devices are secure, easy to maintain, and built to last.


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