Posts tagged ‘Lenovo’

24/04/2014

Disillusioned office workers: China’s losers | The Economist

ZHU GUANG, a 25-year-old product tester, projects casual cool in his red Adidas jacket and canvas shoes. He sports the shadowy wisps of a moustache and goatee, as if he has the ambition to grow a beard but not the ability. On paper he is one of the millions of up-and-coming winners of the Chinese economy: a university graduate, the only child of factory workers in Shanghai, working for Lenovo, one of China’s leading computer-makers.

Man wearing suit on escalator

But Mr Zhu considers himself a loser, not a winner. He earns 4,000 yuan ($650) a month after tax and says he feels like a faceless drone at work. He eats at the office canteen and goes home at night to a rented, 20-square-metre (215-square-foot) room in a shared flat, where he plays online games. He does not have a girlfriend or any prospect of finding one. “Lack of confidence”, he explains when asked why not. Like millions of others, he mockingly calls himself, in evocative modern street slang, a diaosi, the term for a loser that literally translates as “male pubic hair”. Figuratively it is a declaration of powerlessness in an economy where it is getting harder for the regular guy to succeed. Calling himself by this derisive nickname is a way of crying out, “like Gandhi”, says Mr Zhu, only partly in jest. “It is a quiet form of protest.”

via Disillusioned office workers: China’s losers | The Economist.

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31/01/2014

Lenovo to buy Google’s Motorola in China’s largest tech deal | Reuters

Lenovo Group said on Wednesday it agreed to buy Google Inc\’s Motorola handset division for $2.91 billion, in what is China\’s largest-ever tech deal as Lenovo buys its way into a heavily competitive U.S. handset market dominated by Apple Inc.

The logo of Lenovo is seen on a computer monitor during a news conference in Hong Kong May 27, 2010. REUTERS/Tyrone Siu

It is Lenovo\’s second major deal on U.S. soil in a week as the Chinese electronics company angles to get a foothold in major global computing markets. Lenovo last week said it would buy IBM\’s low-end server business for $2.3 billion.

The deal ends Google\’s short-lived foray into making consumer mobile devices and marks a pullback from its largest-ever acquisition. Google paid $12.5 billion for Motorola in 2012. Under this deal the search giant will keep the majority of Motorola\’s mobile patents, considered its prize assets.

via Lenovo to buy Google’s Motorola in China’s largest tech deal | Reuters.

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07/05/2012

* Lenovo Reaches Beyond PC Business

WSJ: “Personal-computer maker Lenovo Group Ltd. said Monday that it plans to spend about $800 million on a new base to house the development, production and sale of mobile products as the Chinese company tries to expand beyond its core PC business.

Lenovo Ideapad U8 MID example

Lenovo Ideapad U8 MID example (Photo credit: Wikipedia)

Lenovo, the world’s second-largest PC maker, said in a written statement on Monday that the five-billion-yuan facility, in the central Chinese city of Wuhan, will have several thousand employees, mainly focused on smartphones, tablet computers and other mobile devices for China and global markets. The company estimates total revenue from the base will reach 10 billion yuan $1.59 billion by 2014, and increase to 50 billion yuan within the next five years. The facility is expected to begin operations in October 2013.

Now, the company is making a mobile-devices push. The investment represents the company’s latest effort to break into new product categories as PC sales lag behind demand for mobile devices, including smartphones and tablets. Lenovo created a business unit last year called the Mobile Internet Digital Home group to focus on developing smartphones, tablets and Internet-connected smart television sets that can communicate with the mobile devices.”

via Lenovo Reaches Beyond PC Business – WSJ.com.

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