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 mobile technology and lifestyle - related services . The pivot comes after the firm lost half its value since listing in Hong Kong in 2015 , with H1 2016 net profit down ##graded to CNY2.58bn ( $ 386.8 m ) and revenues 5 % lower at CNY135bn ; it tech ##nics accounted nearly 93 % of total revenue and contributed 27.8 % to net profit whereas its non - IT sector investments , particularly three financial investment arms , artificial intelligence and smart manufacturing and " innovative consumption " like car - hailing apps , contributed 33 % of revenue but retained 72.2 % of revenue . The firm said there are no plans to expand its holding in Lenovo .