Lenovo also has a secret weapon in the 200 million dollar repurchase of the mobile phone business
Shiyi is time-shifting, and it is time to change! After selling Lenovo Mobile for 18 months, Lenovo Group recently announced that it will repurchase Lenovo Mobile at a cost of 200 million US dollars and regard mobile Internet as an important strategic direction in the future.
Three weeks ago, on November 5, Lenovo just released its first quarterly earnings report after three consecutive quarters of losses. Liu Chuanzhi, chairman of Lenovo ’s board of directors, said at the time that Lenovo was now at a turning point rather than on the cliff . Obviously, with a firm foothold in the core PC business, Lenovo has the capital and energy to plan a new territory for the future.
Last year ’s abandoned son, today ’s new favorite
On November 27, Lenovo Group announced that it will acquire all the equity of Lenovo Mobile from some investors headed by Hony Capital (a subsidiary of Lenovo Holdings). The total purchase amount will be approximately US $ 200 million and will be paid in cash and Lenovo shares. Lenovo Mobile currently ranks among the top three in the Chinese mobile phone market and is the first brand of domestic mobile phones. The acquisition signifies that Lenovo will fully enter the fast-growing Chinese mobile Internet market. The transaction requires the approval of independent shareholders of Lenovo Group.
In January last year, in order to focus more on the PC business, it was also because Lenovo Mobile suffered severe losses in competition with foreign brands such as Nokia, Samsung, and Motorola. But only 6% of the market), Lenovo Group announced the sale of Lenovo Mobile. In March, investors led by Hony Capital took $ 100 million. However, Liu Chuanzhi said at the time: Lenovo considers that the PC business and the mobile phone business are basically inseparable and can cooperate with each other. The future development direction of Lenovo mobile phones may include independent listing and repurchase by the group company. After the earnings report was released on November 5, Liu Chuanzhi once again told the media: Lenovo Group will not only be willing to be the fourth seat of the global computer company, but will soon launch some innovative products in the mobile Internet era to change the status quo.
Mobile Internet becomes a strategic high ground
In this repurchase of Lenovo Mobile, Lenovo Group CEO Yang Yuanqing pointed out: "Lenovo Mobile now has a very healthy business." Lenovo Mobile ’s financial report shows that it owns 50 million in capital and has a profit of about 6 million US dollars in the first half of this year. Yang Yuanqing said that after the return of mobile services, it will still operate relatively independently. Its terminal equipment and new mobile Internet terminal equipment will first be sold to the Chinese market, but will also target the global market. "Lenovo repurchases is not just a mobile phone business, but a mobile Internet terminal business." Yang Yuanqing said. "Globally, mobile Internet is a big trend. If we don't follow this trend, we will be left behind."
Two weeks ago, Liu Chuanzhi revealed to the media that Lenovo is developing a smart mobile terminal that is smaller than a netbook and larger than a mobile phone. It is Lenovo's secret weapon in the future. Liu Chuanzhi pointed out that in the PC industry, the two core commanding heights of CPU and operating system have been occupied by Intel and Microsoft, which leaves little room for packaged enterprises, and new areas are opportunities for Lenovo to break through. "Now in the era of mobile Internet, the current PC can no longer meet the needs of mobile Internet access."
In fact, not only Lenovo in the reverse osmosis communication industry, from upstream Intel to OEM brand owners, the global PC industry is paying attention to this upcoming major revolution. For example, Intel ’s top-secret plan includes not only desktops and laptops, but also any electronic devices that can be pocketed and placed in homes, offices, and cars. A few days ago, Wang Zhentang, chairman of ACER's board of directors, said in an interview with this newspaper, "20 years ago, 3C integration has become a hot topic, but that is all on paper, and it has only entered a substantial stage this year and next.
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