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Lenovo's parent company planning IPO

Lenovo Group's parent company, Legend Holdings, plans to make a public stock offering on China's A-share market as early as 2014, Reuters reported based on quotes from the company's chairman published in China Business News.

Legend Holdings Chairman Liu Chuanzhi told the Chinese publication that the company, which also owns a private equity fund, a venture capital firm and a real estate firm, will list sometime between 2014 and 2016, Reuters reported.

The A-share market includes stocks that trade on the Shanghai and Shenzhen exchanges, are incorporated in mainland China and are denominated in renminbi.  

 

Lenovo to start selling LePad in China this month

Lenovo Group plans to begin sales of its LePad tablet computer in China this month.

The mobile Internet is a “key area” for growth for Lenovo, CEO Yang Yuanqing told reporters at the opening session of the National People’s Congress in Beijing, Bloomberg News reported.

The technology company, which has a headquarters in Morrisville, announced last month that it planned to start selling LePad in China "later this quarter," and bring it to the United States in the second half of the year.

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