Lenovo may list smart device unit Shenqi

Wednesday 14 January 2015 | 10:31 CET | News
Lenovo is considering a separate stock market listing for its smart device unit. The unit, which will be called Shenqi, could be worth "a couple of billion dollars" after it begins selling smartphones and connected home devices online under its own brand in April, CEO Yang Yuanqing said in an interview with Bloomberg. Yang declined to give a timeframe for the possible listing. He said the unit will sell more than smartphones and receive support from both internal and external funding. The company will focus on direct-to-consumer sales with its own online stores, Yang said. Lenovo announced

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Categories: Mobile & Wireless
Companies: Lenovo
Countries: World
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