BEIJING, CHINA ? May 4, 2016:
Lenovo today announced the launch of Lenovo Capital and Incubator Group (LCIG) to integrate its global resources, enhance its Internet services and intelligence ecosystem via investments and foster innovation within and outside of Lenovo. LCIG will invest in core-technology and Internet related areas globally, investing $500 USD million initially in projects through the Lenovo Capital Phase II Investment Fund, which will focus on areas including cloud computing, big data, artificial intelligence, robotic and Internet services. Yuanqing Yang, Lenovo chairman and CEO, and Zhiqiang He, Lenovo SVP, CTO and LCIG President launched the Group and Fund today at an event in Beijing.