Chinese tech giant, Lenovo Group, is revamping its manufacturing supply chain and launching a major global marketing push this year in a bid to get its smartphone business back on track as global sales are expected to cool further in the smartphone industry. The company said it would invest $US1 billion ($A1.24 billion) over five years into developing new products for smartphones including self-driving cars, artificial intelligence and virtual reality.
Chinese tech giant, Lenovo Group, is revamping its manufacturing supply chain and launching a major global marketing push this year in a bid to get its smartphone business back on track as global sales are expected to cool further in the smartphone industry. Nomura believes that the success of Lenovo's smartphone business will depend on demand for its recently launched Phab2 Pro, which is the world’s first smartphone with augmented reality technology, and its new flagship the Moto Z.