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lenovo considers public offering for new smart-device unitlenovo considers public offering for new smart-device unitlenovo considers public offering for new smart-device unit - new smart board
BEIJING —
Lenovo Group is considering listing new devices while Chinese electronics companies join the competition for the smart home market.
The company, which will be called Shenqi, may be worth "billions of dollars" after it starts selling smartphones and the Internet"
In an interview with Beijing headquarters on April, the company's chief executive, Yang Yuanqing, said his brand of connected home equipment had been launched.
Yang declined to give a time frame for any financing move, and declined to give the names of specific investors.
"We want to try a new way to nurture and incubate the business," said Yang, 50 . ".
"Smartphones will be just one of the devices of this new startup, and it will not only be supported by Lenovo funds, but will also be funded from the capital markets.
"The new unit will help Yang focus on the internet --
As smartphone growth slows in China, the world's largest market, based on the development of devices and mobile applications.
Network Market-
Connecting appliances will grow to $7.
From $1 trillion to 2020.
According to data from International Data Corporation, 9 trillion in 2013
Lenovo startups will use direct-to-
Internet consumers
Similar business models have driven the development of Xiaomi.
In the third quarter of last year, China ranked first in the smartphone market and third in the world.
The Shenqi brand and online store will enable the company to reach consumers other than mobile operators and retailers that sell Lenovo
Brand smartphones and computers, Yang said.
We want to build a pure Internet.
"He said.
"If we do this model within the current Lenovo, there is a lot of conflict with existing channels and operator partners.
With different team mechanics, we can do whatever we want.
Although the unit does not have a formal English name, Shenqi means "magic" or "magic ".
"Lenovo, the world's largest PC maker, has expanded its mobile offerings to help cope with a slowdown in global demand for desktop and laptop devices.
Global PC shipments fell by 2.
IDC said in January that the market share in the fourth quarter was due to weakening demand for new machines. 12.
BEIJING-
Lenovo Group is considering listing new devices while Chinese electronics companies join the competition for the smart home market.
The company, which will be called Shenqi, may be worth "billions of dollars" after it starts selling smartphones and the Internet"
In an interview with Beijing headquarters on April, the company's chief executive, Yang Yuanqing, said his brand of connected home equipment had been launched.
Yang declined to give a time frame for any financing move, and declined to give the names of specific investors.
"We want to try a new way to nurture and incubate the business," said Yang, 50 . ".
"Smartphones will be just one of the devices of this new startup, and it will not only be supported by Lenovo funds, but will also be funded from the capital markets.
"The new unit will help Yang focus on the internet --
As smartphone growth slows in China, the world's largest market, based on the development of devices and mobile applications.
Network Market-
Connecting appliances will grow to $7.
From $1 trillion to 2020.
According to data from International Data Corporation, 9 trillion in 2013
Lenovo startups will use direct-to-
Internet consumers
Similar business models have driven the development of Xiaomi.
In the third quarter of last year, China ranked first in the smartphone market and third in the world.
The Shenqi brand and online store will enable the company to reach consumers other than mobile operators and retailers that sell Lenovo
Brand smartphones and computers, Yang said.
We want to build a pure Internet.
"He said.
"If we do this model within the current Lenovo, there is a lot of conflict with existing channels and operator partners.
With different team mechanics, we can do whatever we want.
Although the unit does not have a formal English name, Shenqi means "magic" or "magic ".
"Lenovo, the world's largest PC maker, has expanded its mobile offerings to help cope with a slowdown in global demand for desktop and laptop devices.
Global PC shipments fell by 2.
IDC said in January that the market share in the fourth quarter was due to weakening demand for new machines. 12.
BEIJING-
Lenovo Group is considering listing new devices while Chinese electronics companies join the competition for the smart home market.
The company, which will be called Shenqi, may be worth "billions of dollars" after it starts selling smartphones and the Internet"
In an interview with Beijing headquarters on April, the company's chief executive, Yang Yuanqing, said his brand of connected home equipment had been launched.
Yang declined to give a time frame for any financing move, and declined to give the names of specific investors.
"We want to try a new way to nurture and incubate the business," said Yang, 50 . ".
"Smartphones will be just one of the devices of this new startup, and it will not only be supported by Lenovo funds, but will also be funded from the capital markets.
"The new unit will help Yang focus on the internet --
As smartphone growth slows in China, the world's largest market, based on the development of devices and mobile applications.
Network Market-
Connecting appliances will grow to $7.
From $1 trillion to 2020.
According to data from International Data Corporation, 9 trillion in 2013
Lenovo startups will use direct-to-
Internet consumers
Similar business models have driven the development of Xiaomi.
In the third quarter of last year, China ranked first in the smartphone market and third in the world.
The Shenqi brand and online store will enable the company to reach consumers other than mobile operators and retailers that sell Lenovo
Brand smartphones and computers, Yang said.
We want to build a pure Internet.
"He said.
"If we do this model within the current Lenovo, there is a lot of conflict with existing channels and operator partners.
With different team mechanics, we can do whatever we want.
Although the unit does not have a formal English name, Shenqi means "magic" or "magic ".
"Lenovo, the world's largest PC maker, has expanded its mobile offerings to help cope with a slowdown in global demand for desktop and laptop devices.
Global PC shipments fell by 2.
IDC said in January that the market share in the fourth quarter was due to weakening demand for new machines. 12.
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