Lenovo Capital and Incubator Group launched; to invest in cloud, AI, bots and more

Lenovo, the top personal computer seller worldwide, has launched Lenovo Capital and Incubator Group (LCIG) in China. The newly formed group will invest in core technologies that are aligned with the current technological product offerings by Lenovo. The re-structuring also involves spinning off some of Lenovo products into subsidiaries that can attract external investors for faster and more steady growth. “Technology breakthroughs are changing the way all of us live today,” said He Zhiqiang, Chief Technology Officer, Lenovo. “With our long-industry history and experience of driving and developing core innovations, we’re well-prepared to shape the future of game-changing technologies through funding and nurturing start-ups and bringing incubator projects to market.” Lenovo is known for investing in innovative technologies around the world. Lenovo has previously invested in US based Nok Nok Labs, a biometric identification and security products company. In Israel, it has invested in Canaan Partners Investments, venture capitalists who themselves fund technology startups. In China it has invested in Shopex, a shopping cart and storefront backend. In India, Lenovo has funded SmartX, biometric facial and fingerprint recognizing attendance system with push notifications and RFID implementations. LCIG will invest in core technologies globally. The focus will be on cloud computing, big data, artificial intelligence, robotics and internet services. LCIG will also start incubating its own subsidiaries. This means Lenovo owned products will be open to attract investment from external sources. Currently, the clutch of these subsidiaries that stand to benefit include SHAREit, Lenovo Cloud and Lenovo Finance.