HONG KONG -- Lenovo Group, once China's most successful high-tech company, is struggling to find a second growth engine beyond personal computers, after fruitless efforts in the highly contested smartphone market.
In results for the full year ended in March, a loss in mobile business and a one-time charge of $400 million incurred as a result of the U.S tax reform pushed Lenovo into the red. It reported a net loss of $189 million, down from a profit of $535 million a year ago.
