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Business / Companies

China's Dalian Wanda to invest $1b in Sydney

(Agencies) Updated: 2015-01-26 13:56

No 1 Lenovo

Lenovo Group got known worldwide for its acquisition of IBM’s ThinkPad division in 2005.

The year 2014 also saw the company's two major acquisitions in the US: Motorola Mobility and IBM’s x86 enterprise server division.

Lenovo chairman Yang Yuanqing said the company can become a global information technology giant if it uses its global resources in an optimal manner.

Judicious use of research and development expertise in developed economies and the adequate labor resources in emerging markets have fueled Lenovo's rapid growth during the past decade, Yang said. Roughly 60 percent of the company's businesses are located outside China.

China's Dalian Wanda to invest $1b in Sydney

Lenovo tablets and mobile phones are displayed during a news conference on the company's annual results in Hong Kong in this May 23, 2013 file photo. [Photo/Agencies]

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