China
11:26, 18-Sep-2018
Lenovo CEO: 'We are not a Chinese company' comment misunderstood
Updated
10:21, 21-Sep-2018
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Yang Yuanqing, the CEO of Chinese tech giant Lenovo, said his quote saying "Lenovo is not a Chinese company" was a misunderstanding.
"Lost in translation is a long-term task [we have to deal with] during the process of globalization," Yang said on his Weibo account, the Twitter-like social media platform in China.
According to The Inquirer, Yang told the UK-based technology website that "Lenovo is a global company. We're not a Chinese company," adding that Lenovo has a global footprint.
"Lost in translation is a long-term task [we have to deal with] during the process of globalization," Yang said on his Weibo account. /Weibo Photo
"Lost in translation is a long-term task [we have to deal with] during the process of globalization," Yang said on his Weibo account. /Weibo Photo
"What he meant was that Lenovo was not only a Chinese company, but also an international one," Lenovo said in a statement posted along with Yang's post on his Weibo.
The English news report "made a deliberate misinterpretation out of context," claimed the statement.
Yang had received several interview requests with international media outlets during the Lenovo Transform 2.0 event in New York on September 13, according to Lenovo.
The English news report "made a deliberate misinterpretation out of context," Lenovo said in a statement posted on Yang's personal Weibo account. /Weibo Photo
The English news report "made a deliberate misinterpretation out of context," Lenovo said in a statement posted on Yang's personal Weibo account. /Weibo Photo
Yang and his company's responses have grabbed attention of Weibo users. Some of them, which cheered Yang up by agreeing with the claim "Lenovo is not only Chinese, but also international," have received thumbs-up from the CEO.
"Thank you for your trust," Yang said when replying to Weibo user @Tech-Zhengzhengzheng, who said he believed in Lenovo.
Some Weibo users have received thumbs-up from Yang Yuanqing. /Weibo Photo
Some Weibo users have received thumbs-up from Yang Yuanqing. /Weibo Photo
In the first financial quarter that ended on June 30, Lenovo Group achieved a record high revenue while earning a gross profit of 1.632 billion US dollars by a 20 percent increase. In addition to the recovery of PC (personal computer) sector, the revenue of data center, which is represented by x86 servers, increased by 68 percent, and the operating costs of Motorola's business decreased significantly.
In 2014, after Lenovo's successive acquisitions of IBM's x86 servers and Motorola's mobile phone business, the performance growth of the company was put in a tight spot.