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Lenovo pushes back plans to make mobile business profitable

Chinese PC maker logged quarterly loss from write-off after U.S. tax overhaul

Lenovo's mobile business is still on a losing streak. (Photo by Joyce Ho)

TOKYO -- Chinese personal-computer maker Lenovo Group reported a net loss of $289 million for its fiscal third quarter, after taking a write-off of $400 million resulting from the recent U.S. tax reform, as the company struggles to turn around its loss-making mobile unit amid tough global competition and slowing market growth.

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