ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
China tech

Lenovo to spend over $15bn on R&D for metaverse, other tech

Computer maker to develop virtual reality and cloud services in 5-year plan

A man tries on a Lenovo virtual reality headset at a tech expo.   © Reuters

BEIJING -- Chinese personal computer manufacturer Lenovo Group will spend more than 100 billion yuan ($15.7 billion) over the next five years on research and development, the company said Wednesday, as it shifts from hardware to high-tech services.

Lenovo Chairman and CEO Yang Yuanqing unveiled the plan during a company event kicking off the new fiscal year. Yang told Nikkei in September that Lenovo will double its R&D war chest over the next three years. The latest announcement greatly expands on those ambitions.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more