Lenovo Capital beefs up investment in cutting-edge technologies

Lenovo Group Ltd is stepping up its push to invest in hard 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 & 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, AI platform and original innovation, Song said.

As the venture capital unit of Lenovo, Lenovo Capital & Incubator Group focuses on early core technology investment at the beginning of its establishment, and insists on investing in the industrialization of technologies such as edge computing, internet of things, cloud computing, big data, and artificial intelligence, Song added.

As of now, Lenovo Capital & Incubator Group has invested into more than 200 startups. Fifteen of them have successfully launched IPOs, and more than 40 have become unicorns in related fields.

At the Mobile World Congress Shanghai 2023 - a major telecom industry expo that concluded on Friday - the startups invested by Lenovo showcased their latest technologies such as chips, metaverse, robotics and smart vehicles.