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

Lenovo tries to future-proof itself with $1.2bn for AI, other tech

Chinese PC maker has a four-year plan to change with the times

Lenovo aims to raise the contribution of smartphones and other new businesses to 50% of total sales, from 30%.

TOKYO Chinese PC titan Lenovo Group will invest more than $1.2 billion into artificial intelligence, the internet of things and big data over the next four years, according to Chairman and CEO Yang Yuanqing.

The company will also work with Google and Amazon.com in product development, aiming to meet its goal of raising the contribution of smartphones and other new businesses to 50% of total sales, from the current 30%, Yang told The Nikkei.

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