Published: 12:14pm, 20 Sep, 2016 Updated: 2:54pm, 20 Jul, 2018
China's Legend Holdings, owner of the Lenovo brand of PCs and mobile phones, is shifting its focus to consumer technology and lifestyle-related services. The company said on Tuesday that it would invest up to $US1 billion in a new business unit called Lenovo, which will be based in Shanghai. The firm said there are no plans to cut its holding in Lenovo.