Retail in Asia

In Trends

Lenovo turns profitable

Lenovo Group Ltd swung to a quarterly profit due largely to cost controls and robust sales in its rapidly expanding home market, after it changed its strategy to focus on China and other emerging economies.

China’s largest PC maker by shipments said consumer demand has been resilient and corporate demand for PC replacements may start to rebound in the second half.

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(Source: The Wall Street Journal Online)