SHANGHAI: Lenovo Group Ltd is stepping up its push to invest in cutting-edge technologies such as smart manufacturing, robotics and chips as part of its broader push to hone its technological prowess.
Song Chunyu, vice-president of Lenovo Group and senior partner of Lenovo Capital and Incubator Group, said the world is undergoing a new round of technological revolution and industrial transformation, with technological innovation as the strongest driving force for economic upgrading, all accelerating the process of digital and intelligent transformation in various industries.
Amid the digital wave, technological innovation and industrial integration have brought three new investment opportunities: large computing, artificial intelligence (AI) platforms, and original innovation, Song said.
As the venture capital unit of Lenovo, Lenovo Capital and Incubator Group focuses on early core technology investment and insists on investing in the industrialisation of technologies such as edge computing, the Internet of Things, cloud computing, big data and AI, the Lenovo vice-president added.
As of now, Lenovo Capital and Incubator Group have invested in more than 200 startups.
Fifteen of them have successfully launched initial public offerings, and more than 40 have become unicorns in related fields.
At the Mobile World Congress Shanghai 2023, a major telecom industry expo that ended last Friday, the startups invested by Lenovo showcased their latest technologies, which included among other things, chips, the metaverse, robotics and smart vehicles.
Lenovo Capital and Incubator Group, which was launched in May 2016, primarily aims to integrate Lenovo’s global resources, enhancing its Internet services and intelligence ecosystem through investments and fostering innovation within and outside Lenovo. — China Daily/ANN
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