The computer and smartphone manufacturer plans to invest in up to 20 companies each year through its Lenovo Capital unit, and to spin out up to 10 internally-founded startups.
China-based electronics manufacturer Lenovo announced a $500m strategic investment fund called Lenovo Capital yesterday as part of a company-wide reorganisation.
The unit will form part of Lenovo Capital and Incubator Group, a division being established to replace Lenovo’s Ecosystem and Cloud Services Group (ECS), and will combine the development of new technologies through corporate venturing investments and Lenovo spinouts with product-based personal cloud services.
He Zhiqiang, until recently president of ECS, will lead the group. Lenovo Capital will target startups…
