Lenovo China proposed a new target, Liu Jun said that "3S business revenue accounted for more than 30%"

Lenovo China recently held the 2022/23 new fiscal year swearing-in meeting. At the meeting, Liu Jun, executive vice president of Lenovo Group and president of China, announced that Lenovo China's mission at this stage is "technology empowers China's intelligent transformation".

Liu Jun said that focusing on the new IT technology architecture of "end-edge cloud network intelligence", Lenovo China has developed the second curve of business growth since 2017, that is, 3S transformation of new businesses, including smart products (Smart Device), smart infrastructure Facilities (Smart Infrastructure), Smart Service (Smart Service), and relying on 3S business layout Lenovo's new identity as a solution and service provider. By the Q3 fiscal quarter of the fiscal year 2021, Lenovo China's 3S transformation new business accounted for more than 1/4 of its total revenue.

At the meeting, Liu Jun put forward a more aggressive target for the new fiscal year, namely: in fiscal 2022, Lenovo China's 3S business revenue will account for more than 30%, becoming a leader in the 3S field. This is undoubtedly important support for Lenovo's new mission in China.

Lenovo Group Chairman Yang Yuanqing said at the Lenovo Group's new fiscal year (2022/2023 fiscal year) pledge meeting that by the end of the 2023/2024 fiscal year, Lenovo Group's R&D investment will be 2020/2021. Doubled on the basis of the fiscal year. In the next five years, Lenovo's total R&D investment will exceed 100 billion yuan.

Yang Yuanqing also said that at the same time, it plans to add 12,000 hard-core technology talents. In the past first year, nearly 5,000 small partners have joined Lenovo's research and development ranks.

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