LENOVO GROUP LTD S/ADR - LNVGY STOCK NEWS

Lenovo is launching a Black Friday Sneak Peek Sale from October 17 to October 30, offering discounts of up to 70% on various products. This promotion includes laptops priced under $200, up to 60% off ThinkPads, and more. Customers in the MyLenovo Rewards program will earn rewards points for future purchases. Lenovo, a global technology leader with US$70 billion in revenue, continues to expand its product offerings and serve customers across 180 markets.

Lenovo has announced a partnership with Queen Latifah for its Evolve Small initiative aimed at supporting small businesses in North America. This initiative offers financial aid, technological resources, and mentorship. Participants can win a cash grant of $30,000 and other benefits. The program builds on last year's success, which provided over $1,000,000 in grants to minority-owned businesses. Applications for this year started on October 13, 2022 and will close on November 15, 2022.

Lenovo has released its inaugural Think Report in celebration of the 30^th anniversary of ThinkPad. The report reveals that global productivity is hampered by a lack of purposeful thinking, costing individuals approximately two hours daily due to stress and burnout. Surveying over 5,700 individuals across the US, UK, Germany, and Japan, it underscores the need for 'real thinking' and suggests technology can play a role in enhancing cognitive processes. 80% of respondents call for a revolution in thinking to address societal challenges.

Lenovo is set to host its annual global innovation event, Tech World, on October 18, 2022. This year’s virtual event emphasizes the impact of smarter technology on everyday life and will feature keynotes from global CEOs, including Lenovo's Chairman and CEO, Yuanqing Yang, and leaders from Accenture, IBM, Intel, and Qualcomm. The event aims to showcase innovations in AI, edge computing, and sustainability. Tech World will be accessible on-demand in multiple languages, highlighting Lenovo's continued commitment to delivering smarter technology for a digital society.

Lenovo has launched its Semi-Annual Sale from September 26 to October 16, offering discounts of up to 60% on various products including laptops, workstations, and smart home devices. The sale features daily and weekly doorbuster deals, with notable discounts on ThinkPad laptops and other popular products. Customers enrolled in the MyLenovo Rewards program can earn up to 3X rewards points for future purchases. Lenovo aims to help customers prepare for the holiday season with significant savings on technology.

Lenovo has launched the all-in-one ThinkReality VRX virtual reality headset, designed for enterprise applications. This headset features a slim profile with pancake optics and supports mixed reality for enhanced training and collaboration. Key benefits include up to 4X faster training efficiency and a 43% reduction in workplace injury risks. The device integrates with cloud technologies and offers an end-to-end solution to optimize business operations, supported by services for deployment and analytics. Early access will be granted to select partners by the end of 2022, with general availability set for early 2023.

Lenovo has launched the Lenovo Glasses T1, a wearable private display designed for enhanced mobile content consumption. Compatible with smartphones, tablets, and laptops, these glasses offer high image quality and extended battery life. As mobile gaming and video streaming markets are set to grow significantly, the Glasses T1 caters to professionals needing a private workspace in public settings. Equipped with advanced technology, the glasses promise superior optical performance and comfort. Pricing details will be released closer to launch.

Lenovo's global research shows that CIOs are increasingly involved in non-traditional areas like corporate strategy and sustainability, with 90% reporting expanded roles. Many UK CIOs (71%) believe their tech stack needs major improvement. The study highlights that 82% of global CIOs find their role more challenging than two years ago, primarily due to cybersecurity and data privacy issues. Furthermore, 61% state that halting digital transformation spending would impact business within weeks. The research underscores the growing importance of technology partnerships for organizational success.