Bloomberg News

Lenovo to Offer New Phone, Tablets to Boost China Cloud Service

November 29, 2011

Nov. 29 (Bloomberg) -- Lenovo Group Ltd., the world’s second-biggest maker of personal-computers, will offer upgraded versions of its smartphone and tablet computer in China, where the company is starting a cloud-computing service for consumers.

The new “Lenovo Cloud” service allows users to store and download data on remote computer servers with devices including phones and tablets, the company said in an e-mailed statement today. Lenovo is aiming to make new devices that offer better integration with cloud-computing technology, it said.

The computer maker follows Chinese Web companies including Alibaba Group Holding Ltd. and Baidu Inc. in offering cloud services in China, the world’s biggest Internet market by users. Internationally, Apple Inc. aims to add users to its iCloud service, which allows online sharing of music, photographs and documents for iPhone and iPad users, and compete against rival cloud technology by Google Inc.

Lenovo will offer new versions of its LePhone and LePad products, and introduce LeTV, a television device, according to the statement. LeTV will start selling in the first quarter of next year, the company said, without indicating when it will introduce the upgraded smartphone and tablet computer models.

The Chinese company, which acquired the PC unit of International Business Machines Corp. in 2005 to expand overseas, will also upgrade its online applications store.

Lenovo shares rose 3.8 percent to HK$5.42 at close in Hong Kong, compared with a 1.2 percent gain in the city’s benchmark Hang Seng Index.

Alibaba Group, part-owned by Yahoo! Inc., in July unveiled an operating system for mobile devices that lets users access applications using cloud computing technology. In September, Baidu said it will offer a new cloud technology aimed at mobile- phone users.

Lenovo accounted for 13.5 percent of the global PC market by shipments last quarter, increasing from 11.1 percent a year earlier, overtaking Dell Inc., according to researcher Gartner Inc. The Chinese company trailed only Hewlett-Packard Co., whose market share rose to 17.7 percent from 17.3 percent, Gartner said.

--Editors: Subramaniam Sharma, Suresh Seshadri

To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net

To contact the editor responsible for this story: Michael Tighe at mtighe4@bloomberg.net


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