Lenovo Q3 Results Climb; FY21 Outlook Remains Positive; Announces New Organizational Structure
Earnings per share were 3.08 US cents, up from 2.07 US cents a year ago.
Quarterly pre-tax income climbed 52 percent year-on-year to $591 million.
Group revenue increased 22 percent to $17.25 billion from prior year s $14.10 billion, driven by strong growth across all core business groups as well as the company s transformation businesses.
Looking ahead, the company said the challenges of 2020 continue, in varying degrees, into the new year. These include ongoing geopolitical uncertainties, component supply shortages resulting from strong demand, and the global COVID-19 pandemic.
However, the outlook for 2021 remains positive.
Further, the company announced a new organizational structure effective April 1.
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Technavio Research: Global Supercomputer Market- Atos SE, Dawning Information Industry Co. Ltd., Dell Technologies Inc., Among Others to Contribute to the Market Growth | Technavio
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Luckin-Tainted Former Car Rental Superstar to Drive Off Hong Kong Exchange
The end of the road as a listed firm is just around the corner for
Car Inc., an auto rental specialist that once hoped to make big bucks by tapping a growing hunger for mobility from China’s booming middle class.
The company was once a highflyer that attracted the likes of former U.S. giant Hertz and top-tier private equity firm Warburg Pincus LLC as investors. But its hoped-for growth story ultimately stalled, and its reputation sank further last year when its name got sucked into the massive accounting scandal surrounding Starbucks Corp. challenger Luckin Coffee Inc.
Emotion recognition tech in China raises rights concerns
By Avi Asher-Schapiro / Thomson Reuters Foundation
Technology that measures emotions based on biometric indicators such as facial movements, tone of voice or body movements is increasingly being marketed in China, researchers say, despite concerns about its accuracy and wider human rights implications.
Drawing upon artificial intelligence, the tools range from cameras to help police monitor a suspect’s face during an interrogation to eye-tracking devices in schools that identify students who are not paying attention.
A report released this week from UK-based human rights group Article 19 identified dozens of companies offering such tools in the education, public security and transportation sectors in China.