Home
Laptops
Laptops News
Lenovo Announces Restructuring Plan to Focus on Consumer Group

Lenovo Announces Restructuring Plan to Focus on Consumer Group

By Reuters | Updated: 17 May 2017 10:24 IST

Click Here to Add Gadgets360 As A Trusted Source

Lenovo Group Ltd announced a plan to restructure its China business to cope with the changing personal computer (PC) industry.

Lenovo will be reorganised into two divisions, a consumer-focused division of PC and smart devices, and a data centre group, Chairman Yang Yuanqing said in a blog post on Tuesday.

"China has the fastest-changing smart devices market. In order to take advantage of the opportunities in China, we take the step to restructure our business here," he said.

Liu Jun, who previously worked for Lenovo's mobile business group, will return to the company as president of Lenovo China and lead the consumer division, Yang said in the microblog post.

Lenovo, the world's biggest PC maker by shipments, posted a 67 percent slide in third-quarter net profit in February. Its PC division, which accounts for about 70 percent of revenue, saw revenue rise 2 percent after seven quarters of decline.

© Thomson Reuters 2017

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.