Caixin OnlineFinance & EconomicsTop Stories Finance In Monday's Papers: Lenovo CEO Announces Restructuring, Island Erects Statute of Hu Yaobang
01.07.2013 18:00

In Monday's Papers: Lenovo CEO Announces Restructuring, Island Erects Statute of Hu Yaobang

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Lenovo CEO Announces Restructuring

PC maker Lenovo Group says it is dividing its business in two. An internal email from CEO Yang Yuanqing said that starting from April 1 Lenovo would set up Lenovo Business Group to focus on the mainstream PC, laptop and tablet market, while leaving the high-end and corporate business to Think Business Group. The restructuring was aimed at streamlining operations and management to better fit the group's expanding business around the world, Yang said.

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Pulling the Plug
A government-backed shift to homegrown, open-source IT systems is helping Huawei and rattling IBM
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