Lenovo Posts a 65% Jump in Q2 Profits
PC-maker Lenovo reported a 65% YoY jump in its Q2 profits to $512mn. Revenues jumped 23% YoY to $17.9bn. Both, revenues and profits were at record levels for the company. Operating cashflows doubled YoY to $1.6bn. All divisions performed well led by the Intelligent...
Lenovo Scraps $1.8bn IPO on Shanghai’s Star Market
The world’s largest PC maker Lenovo Group has withdrawn its application to list on Shanghai’s Star Market just eight days after the company was accepted by the exchange. This is the second largest IPO withdrawal after Ant Group scrapped its $39.7bn dual...
