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Top related persons:
Yang Yuanqing - 2 Yang - 2 Josh Ye - 2 Canalys - 1 Jason Lee - 1 it's - 1 Christopher Cushing - 1 Thomas White - 1
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HONG KONG China Hong Kong Beijing U.S
Top related orgs:
HK - 2 Lenovo - 2 REUTERS - 2 Thomson - 2 Lenovo Group - 1 LSEG - 1 PC - 1 Lenovo Tech - 1

Search resuls for: "Yang Yuanqing"


3 mentions found


☆ Lenovo posts another revenue decline as PC demand remains slow
  + stars: | 2023-11-16 | by ( Josh Ye | ) www.reuters.com   time to read: +3 min
In May, Lenovo reported 14% revenue decline for the year through March, its first annual fall since 2019, following a pandemic-induced boom for electronics manufacturers. Worldwide PC shipments fell 7% in the second quarter of 2023, showed data from researcher Canalys. To help lift PC sales, Lenovo aims to release its first "AI PC" - or PC that can make use of artificial intelligence (AI) without the internet - in the second half of next year, said Chairman Yang Yuanqing. An employee gestures next to a Lenovo logo at Lenovo Tech World in Beijing, China November 15, 2019. Overall net income attributable to shareholders in the second fiscal quarter fell 60% to $249 million versus analysts' $235 million estimate.
Persons: Canalys, Yang Yuanqing, Yang, Jason Lee, it's, Josh Ye, Christopher Cushing Organizations: Lenovo Group, HK, LSEG, Lenovo, PC, Reuters, Lenovo Tech, REUTERS, Nvidia, Thomson Locations: HONG KONG, Beijing, China, U.S, Hong Kong
☆ Lenovo Q1 revenue misses forecasts, hit by poor PC demand
  + stars: | 2023-08-17 | by ( Josh Ye | ) www.reuters.com   time to read: +3 min
The world's largest PC maker has now suffered four consecutive quarters of sales declines. Revenue in the April-June quarter fell to $12.9 billion, below a $13.84 billion average of seven analyst estimates compiled by Refinitiv. Lenovo shares in Hong Kong fell as much as 6% after the result but recouped some losses to trade down 2.9%, while the benchmark index (.HSI) gained 0.9%. However, revenue started contracting last year as demand began to fall, weighed down by rising interest rates and soaring inflation. "The group’s PC business is stabilizing and well-positioned for a year-on-year recovery in the later part of 2023," Lenovo said in a statement.
Persons: Thomas White, HSI, Yang Yuanqing, he's, Yang, Josh Ye, Miyoung Kim, Lincoln, Sonali Paul Organizations: Lenovo, REUTERS, HK, Revenue, Refinitiv, Global, Thomson Locations: HONG KONG, Hong Kong, China
☆ China Favors Chips, AI Executives Over Internet Tycoons at Top Political Meetings
  + stars: | 2023-03-05 | by ( Shen Lu | ) www.wsj.com   time to read: 1 min
The Chinese People’s Political Consultative Conference opened at the Great Hall of the People in Beijing on Saturday. A number of prominent Chinese internet executives have been left out of the country’s top political meetings in Beijing this week, giving way to experts in artificial intelligence and semiconductors as Chinese leader Xi Jinping ’s priorities shift amid rising technology competition with the U.S.Pony Ma , Robin Li and William Ding , the chief executives of Chinese internet companies Tencent Holdings Ltd., Baidu Inc. and NetEase Inc. respectively, are conspicuous in their absence from this year’s list of delegates to the National People’s Congress, China’s legislative body, and the Chinese People’s Political Consultative Conference, a political advisory body. Also missing was Lenovo Group Ltd. CEO Yang Yuanqing .
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