Posted by: Emily Alitto on Aug 19 2010

Lenovo (0992.HK) made net income of $54.86 million for the quarter ending June 30, 2010, compared to a net loss of $16.01 million in the same period a year ago, the company reported August 18. The diluted earnings per share for the period were $0.54, the report said...

Posted by: Sarah Wu on Jul 19 2010

Domestic online video site Youku.com has officially released its online 3D cinema developed in partnership with computer manufacturer Lenovo (0992.HK), 163.com reported July 19. Users can watch videos on the site with a pair of 3D glasses and interact with menus using hand gestures picked up by webcam, the report said...

Posted by: Sarah Wu on May 12 2010

Chinese bank card network operator China UnionPay has formed a mobile payment industry union with 18 national and regional banks, mobile telecom carriers and handset-related products manufacturers with the goal of establishing mobile payment standards and business models, China UnionPay announced May 11...

Posted by: Sophia Fu on Mar 03 2010

The Hang Seng Index inched down 0.14% to close at 20,876.79 on March 3, in main board trading volume of HK$59.9 billion.

Telecom and hardware companies performed weakly on Wednesday, with shares of China Mobile (0941.HK, NYSE:CHL) dropping 2.42, Lenovo Group (0992.HK) decreasing 2.11% and China Unicom (0762.HK, NYSE:CHU) dipping 1.82%...

Posted by: Sijia Xie on Feb 24 2010

The Hang Seng Index declined 0.75% to close at 20,467.74 on February 24, as main board trading volume shrunk to HK$53.99 billion.

Shares of PetroChina (0857.HK, NYSE:PTR, 601857.SH) and CNOOC (0883.HK, NYSE: CEO) declined 2.15% and 1.61%, respectively, while China Petroleum & Chemical Corporation (Sinopec) (0386.HK, 600028.SH, NYSE:SNP) dropped 1.34% on Wednesday, as declining crude prices weakened shares of petrochemical companies.

Lenovo Group (0992.HK) decreased 3.46% after news broke that its shareholder TPG Capital sold 100.8 million Lenovo shares for up to HK$500 million, reported Hexun.com citing Hong Kong media February 24...

Posted by: Sophia Fu on Feb 04 2010

Lenovo (0992.HK) recorded net profit of $79.52 million in the three-month period ended December 31, 2009, compared with a loss of $96.72 million in the same period one year ago, the company announced February 4...

Posted by: Ana Swanson on Jan 12 2010

The Hang Seng Index declined 0.38% to close at 22,326.64 on January 12, in main board trading volume of HK$81.23 billion.

Bank shares retreated, as the People's Bank of China (PBoC) issued RMB 20 billion in one-year central bank notes at a yield of 1.8434% in open-market operations on January 12, nbd.com.cn reported January 12...

Posted by: Sophia Fu on Jan 07 2010

Lenovo (0992.HK) plans to officially launch a handset applications online store in May, Sina reported January 7 quoting company chief technology officer (CTO) He Zhiqiang. He did not disclose any further information, according to the report, but according to unnamed sources, the application store will mainly feature products for Lenovo's "LePhone" smartphone...

Posted by: Sophia Fu on Dec 22 2009

A newly-registered company affiliated with Liu Zhijun, former general manager of Lenovo (0992.HK) subsidiary Lenovo Mobile, has won the auction for Xiamen-based electronics maker Amoi Electronics's (600057.SH) handset business for a consideration of RMB 135 million and plans to start operation of the business in January 2010, 21st Century Business Herald reported December 22 citing Liu...

Posted by: Sijia Xie on Dec 16 2009

Alibaba's consumer-focused e-commerce site Taobao.com has released three customized mobile handsets, Sohu reported December 15. According to the report, Lenovo's (0992.HK) Lenovo Mobile subsidiary produced one of the models, one is produced by Alcatel-Lucent (EPA and NYSE:ALU) in cooperation with TCL Communication (2618.HK), while the final model, manufactured by Hisense Electric (600060.SH), is designed for use on China Telecom's (NYSE:CHA, 0728.HK) 3G network...

Posted by: Kiki.yang on Dec 03 2009

Alibaba's consumer-focused e-commerce site Taobao.com will not be able to release its planned self-branded handset in conjunction with Lenovo's (0992.HK) Lenovo Mobile on time, Sina reported December 3 citing an unnamed insider...

Posted by: Sophia Fu on Nov 30 2009

Lenovo's (0992.HK) wholly owned subsidiaries Lenovo Beijing and Lenovo Manufacturing HK have agreed to purchase 30% and 70%, respectively, of Lenovo Mobile equity interest for $200 million, according to a Lenovo announcement dated November 27...

Posted by: Cherry Zhang on Nov 27 2009

China Mobile (NYSE:CHL, 0941.HK) plans to begin offering its first Ophone handset model, the LG GW880, in Gome's (0493.HK) Beijing stores on December 1, 163.com reported November 26.

The handset will be priced at RMB 5,180, and 30 units will be on offer initially, said a Beijing Gome employee...

Posted by: Cherry Zhang on Nov 23 2009

Alibaba's consumer-focused e-commerce site Taobao.com has raised its technology service charges for sellers on its business-to-consumer (B2C) channel Taobao Mall to RMB 6,000 per year, Donews reported citing the company's 2010 client contracts...

Posted by: Tom Telford on Nov 05 2009

Lenovo (0992.HK) made a net profit of $53.082 million in the quarter ended September 30, 2009, compared with profit of $23.44 million in the same period a year ago, the company announced November 5. The company generated sales of $4.1 billion in the three month period, compared with $4.33 billion a year ago...