Lenovo Denied That Subsidizing The US Is Going On In The End

- May 24, 2019-

Recently, Lenovo Group announced its fourth-quarter results and full-year results as of March 31, 2019. Among the top five PC manufacturers, Lenovo ranked first with an annual growth rate of nearly 10%.

 

At the Lenovo Financial Reporting Conference, Yang Yuanqing, chairman and CEO of Lenovo Group, denied that “Lenovo is subsidizing US consumers with Chinese income”. Yang Yuanqing said that from the perspective of business layout, more than 70% of Lenovo's business is overseas, and less than 30% is located in China. However, from the perspective of personnel, 60-70% of Lenovo's personnel are located in China, and only 30% of overseas employees are deployed. Therefore, this is the typical "China Creation and China Manufacturing" covering the global market.