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Lenovo acquires NEC stake in joint venture

By Ma Si ( China Daily ) Updated: 2016-07-06 07:44:45

The company will continue its PC-centric strategy MA SI

Lenovo Group Ltd, the world's largest personal computer maker, will spend about $195 million to acquire its PC joint venture with the Japanese company NEC Corp.

The deal highlights the Chinese tech giant's determination to rely on the PC business for growth, despite the continuing decline in global PC shipments.

Lenovo acquires NEC stake in joint venture

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