That is what makes LCIG stand out. Many times, no doubt. The New Technology Development Company has grown from an offshoot of the Chinese Academy of Sciences in 1984, via a domestic phase as Legend (1988-2003), into the 54,000-employee, $45.4 billion multinational that is Lenovo today. LCIG will rely on its own resources to provide professional teams not only with financial support, but also support for brands, supply chain, management, human resources, legal, finance, etcetera. Intelligent transformation will consume remarkable investment, and Lenovo needs to locate the emerging high-profit engine. The Motorola One, launched in October 2018, is designed to showcase new technologies and appeal to the youth market, in particular. As the PC market continues to shrink slowly, guess which OEMs are still thriving? Copyright © 2020 China Knowledge Online. Right: Lenovo ThinkPad X1 Carbon, 6th Generation (2018). Codenamed 'Voyager', this Snapdragon 710-based device reportedly has a 6.2-inch foldable primary display and a secondary (closed) display with a resolution of 800 by 600 pixels. Lenovo released its Q1 financial results and a big part of our success stems from the strong execution of our 3S strategy and our ongoing Service-led intelligent transformation. By contrast with this admirable design consistency, if you check out 1992-era portable computers from Apple, you'll find few if any precursors of the modern-day MacBook. Lenovo is currently the number-one vendor -- in terms of both systems and performance -- in the HPC (High Performance Computing) TOP500 list, which documents the 500 most powerful commercially available computer systems worldwide: Outside of cloud and on-premises data centres, the edge of the network is an increasingly interesting area for server vendors, because the explosion of IoT devices will require a lot of computing power to be located close to where data is generated, in order to address issues surrounding security, latency, bandwidth and downtime. Fast-forward to 2018, over 100 million ThinkPad sales later, and we have the 6th-generation ThinkPad X1 Carbon, which clearly retains its 26-year design heritage: Left: IBM ThinkPad 700C (1992). "PCs are still the cornerstone," Forrester's Danny Mu told ZDNet, "but Lenovo's new strategy is '3S' -- Smart IoT, Smart Infrastructure and Smart Vertical, which shows its ambition on intelligence. By signing up, you agree to receive the selected newsletter(s) which you may unsubscribe from at any time. LCIG's website currently lists 11 'internal incubators' and 53 external 'company investments' in AI & big data, robotics, AR/VR, cloud computing, smart devices, smart health, smart traffic, smart industry and consumer upgrades. In its Q3 FY2018/19 earnings report, LCIG -- which last year was ranked 11th in CBN Weekly's Top 50 China Venture Capital Investors list -- reported 15 new investment projects and new rounds of investment for seven existing projects. It's reportedly a 5G handset with a 100MP camera capable of 'Hyper Video' and 'Super Macro' modes (yet to be explained in any detail). Overall Software and Services revenue* grew 38% year-on-year to over US$1 billion, now accounting for around 7.6% of Group revenue. ", More recently, quoted in the South China Morning Post in February, Yang Yuanqing remained optimistic about a US-China rapprochement: "We have heard a lot of positive messages or signals about achieving an agreement, so definitely I think there will be good news.". So how has Lenovo managed to prosper under these circumstances? This is the rationale behind Lenovo's new ThinkSystem SE350, which is the first in a new class of small-footprint edge servers that can be mounted on a wall, stacked on a shelf or installed in a rack. Yet it's a good bet that the articles in question were typed on a keyboard attached to a traditional desktop or notebook PC, rather than tapped out on a tablet or smartphone, or dictated into a smartwatch or a smart speaker. Newegg Black Friday deals: Asus Vivobook, Acer Aspire, more. Speaking to ZDNet at Lenovo's Beijing HQ last November, Feiyu Xu, VP of Lenovo Group and head of Lenovo Research AI Lab, outlined the reasons why AI has come to the fore in recent years -- big data, machine learning, knowledge and internet technology, and the availability of high-performance computing -- and noted that AI has been incorporated into the national strategy of many countries around the world (in the UK, for example). TigerDirect Black Friday deals: iPad Pro, MSI Modern, more. However, the picture isn't quite so gloomy if you're a market leader like Lenovo, which shipped 59.8 million PCs in 2018, 58m in 2017 and 55.5m in 2016, according to IDC. This is still a $200 billion industry -- if you try to find another $200 billion industry, it's not easy. ", Feiyu Xu, VP of Lenovo Group and head of Lenovo Research AI Lab. But once we set a goal, we never give up.". You will also receive a complimentary subscription to the ZDNet's Tech Update Today and ZDNet Announcement newsletters. To that end, over the past two years, Lenovo has renegotiated thousands of contracts in multiple countries, installed dedicated teams covering sales & marketing and supply chain & quality, launched new channel programs and system integrator relationships and installed a new leadership team. Moreover, the pending arrival of 5G handsets could have consumers waiting until both the networks and devices are ready for prime time in 2020.". ", And there is still scope for innovation in the PC market, Lenovo's CEO stressed: "We should make PCs smarter than before -- at least they should be always on, always connected. Lenovo has not featured in the top five worldwide smartphone vendor rankings since Q4 2015, and isn't even among the top five vendors in its home Chinese market: IDC's figures for Q4 2018 have Huawei in first place in China with 30 percent of the market (by volume), followed by OPPO (20.3%), vivo (19.4%), Apple (11.8%) and Xiaomi (11.5%). Lenovo announces their “3S” strategies: Smart IOT, Smart Infrastructure, and Smart Vertical, which will serve as a catalyst for intelligent transformation. Lenovo is best known as a PC manufacturer, and currently occupies the number-two spot just behind HP Inc in IDC's latest worldwide rankings (Q1 2019). For Previous Beyond the Numbers, click here. Lenovo's Beijing HQ certainly packs many of the perks -- climbing wall, gym, child care centre -- that Silicon Valley workers would recognise. Although Lenovo has yet to announce a foldable phone, the company has plenty of research under its belt in this area, having shown concept devices back in 2016 and securing a patent for a clamshell-type phone in September last year. The new campus is located in the Zhongguancun Software Park northwest of the Chinese capital and aims to create a "Silicon Valley style working environment" for its employees -- over 10,000 of them. Download this article as a PDF (free registration required). However, IDC research manager Anthony Scarsella warned recently that "Consumers continue to hold on to their phones longer than before as newer higher priced models offer little incentive to shell out top dollar to upgrade. It means we need to develop new tools, new skills and discover a new path to reach new heights. Lenovo's new Beijing HQ officially opened in October 2018, and ZDNet visited in November to discover more about the company's current operations and future plans. Market shares for Lenovo and HP -- who have traded the number-one spot in recent years -- have been rising, at the expense of other PC vendors: Although regular top-five PC vendors like Dell, Apple, Acer and Asus have held their own, smaller manufacturers have suffered in this mature, shrinking market where margins are often paper-thin. You may unsubscribe at any time. has issued RMB 1.4 bln 6-year convertible bond on the Shanghai Stock Exchange, with a coupon rate of 0.3%. The ongoing trade dispute between the US and China, along with security concerns over Huawei and other Chinese firms, could potentially affect Lenovo. There are certainly long-term challenges to the PC business, which is a key driver for Lenovo, but its own position remains strong.