Levono, China Merchants Group to seek deals at event

Major Chinese computer-maker Lenovo has announced plans to enhance its technological cooperation with BRICS-based companies to explore new opportunities in the software and IT equipment market.

"Competition in the information industry is very fierce. Together, we expect to innovate in more key technologies, including artificial intelligence, big data and cloud computing," said Yang Yuanqing, Lenovo's chairman and CEO.

The tech giant is also willing to take its advanced technology abroad, for example products related to intelligent manufacturing, to help promote local companies' digitalization, he said. Lenovo already has an established market presence in BRICS countries, with its personal computer ranking No 1 by sales in Russia from April 2016 to March 2017, giving it 23 percent of the market share. Its smartphones ranked within the top three in Brazil, India and Russia.