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Lenovo Plans China Listing, Sending Stock Soaring Shares in the world’s largest PC maker hit their highest level since 2015 Lenovo intends to join the STAR Market, China’s answer to the Nasdaq. Photo: philippe lopez/Agence France-Presse/Getty Images By Updated Jan. 13, 2021 10:08 am ET Lenovo Group Ltd. is capitalizing on two booming markets, Chinese stocks and the global PC industry, to list in Shanghai. The company is the world’s largest maker of personal computers and is well-known for acquiring IBM ’s ThinkPad unit and the Motorola Mobility smartphone business. The news that Lenovo would join the STAR Market, China’s answer to the Nasdaq, boosted its Hong Kong-traded shares, which on Wednesday hit their highest level since 2015. ....
Jan. 11, 2021 6:17 pm ET Personal computer sales last year registered their strongest growth in a decade, underscoring a shift to computers from mobile devices during the coronavirus pandemic, according to industry data. “Demand is pushing the PC market forward and all signs indicate this surge still has a way to go,” Ryan Reith, program vice president with International Data Corp.’s Worldwide Mobile Device Trackers, said in a statement. IDC counted 302.6 million units sold globally last year, up 13% from the previous year. Research firm Gartner said PC shipments reached 275 million units in 2020, up 4.8% on the year. Similarly, Canalys pegged the increase at 11% to 297 million units, the highest annual growth since 2010 and the highest shipment volume since 2014. ....