Lenovo Group Ltd., the largest maker of personal computers, said it will triple the number of markets in which it sells smartphones by focusing on emerging economies where Apple Inc.’s iPhone is seen as too costly.
Lenovo Group Ltd., seen as a suitor for everything from BlackBerry Ltd. to International Business Machines Corp.’s server business, said it’s hesitant to make deals because it wants to avoid overpaying.
Lenovo Group Ltd. is turning to actor Ashton Kutcher, fresh off a film on Apple Inc. co-founder Steve Jobs, amid the company’s efforts to boost its brand as it expands from computers into smartphones and tablets.
Lenovo Group Ltd., the biggest personal computer maker, said Chief Executive Officer Yang Yuanqing will share at least $3 million of his bonus with workers for a second straight year after posting record sales.
Lenovo Group Ltd. Chief Executive Officer Yang Yuanqing took on personal loans to buy company shares in June, Chairman Liu Chuanzhi said in a conference call today. Yang’s investment displayed his confidence in the company and “a long term mentality,” Liu said.
Lenovo Group Ltd., the world’s biggest maker of personal computers, reported first-quarter profit that beat analyst estimates after increasing its global market share for tablet computers, smartphones and PCs.