LENOVO GROUP LTD S/ADR - LNVGY STOCK NEWS

Lenovo has launched the Work for Humankind initiative, inviting volunteers to support the community on Robinson Crusoe Island. This effort, powered by Lenovo technology, enables participants to work remotely while contributing to environmental restoration projects. Insights from a global survey of over 15,000 respondents reveal that 70% of Gen Z and Millennials prefer to work from inspiring locations rather than traditional offices. The initiative aims to promote sustainability and enhance local connectivity while fostering a strong sense of community involvement.

Lenovo has announced its major Cyber Monday sale, starting on November 27, 2021, featuring up to 77% off select products. The sale will include hourly doorbusters across the weekend, culminating on Cyber Monday, November 29. Highlights include the ThinkPad X1 Carbon at 50% off, and the IdeaPad 1 at $324.99. Lenovo, a Fortune Global 500 company with US$60 billion in revenue, aims to provide significant savings for shoppers and enhance online visibility.

Lenovo is launching its largest Cyber Monday sale, running from November 27-29, 2021, with discounts up to 77% on top products including the ThinkPad X1 Carbon and Yoga laptops. The sale features hourly doorbusters and special offers each day, such as the IdeaPad 3 for $624.99 and 50% off the ThinkPad X1 Carbon on November 28. Additionally, MyLenovo Rewards members can earn double points on accessories. Shoppers can find further details on Lenovo.com.

Lenovo has announced a multi-year partnership with DreamWorks Animation, providing high-performance workstations including the ThinkStation P620 and ThinkStation P920 to enhance animation production. This collaboration, building on Lenovo's existing data center role, aims to meet increasing consumer demand for premium content. The workstations, powered by AMD Ryzen Threadripper PRO architecture, offer significant performance benefits for complex animation workflows. This partnership underscores Lenovo's commitment to support innovative solutions in the animation industry.

Lenovo has launched its largest Black Friday Sale, running November 15-25, featuring up to 50% off select ThinkPad laptops and 60% off smart home accessories. Key deals include a ThinkPad X1 Carbon for $1,329 and Yoga Smart Tab for $399.99 on Black Friday. Special offers will commence with one-day deals on November 24. The sale aims to provide significant savings for holiday shoppers, according to VP Carlo Savino. Lenovo, with a revenue of US$60 billion, operates in 180 markets globally.

Lenovo has launched its largest Black Friday Sale from November 15 to 25, featuring discounts up to 50% on select ThinkPad laptops and 60% off smart home accessories. Special one-day offers will begin on November 24, including deals such as the Lenovo 10e Chromebook Tablet for only $99 and additional significant discounts on various models and accessories on Black Friday (November 26). MyLenovo Rewards members can also earn triple rewards points on select purchases.

Lenovo has announced the extension of its Evolve Small campaign in Canada, aiming to support BIPOC-owned small businesses impacted by COVID-19. The company is committing $1 million in grant funding, including $100,000 for Toronto Region Board of Trade (TRBOT) members. The Lenovo Digital Transformation Grant offers $10,000 to ten qualifying businesses, emphasizing equity and inclusion initiatives. Applications are open until January 10, 2022 as part of the TRBOT's Recovery Activation Program.

Lenovo Group (HKSE: 992, ADR: LNVGY) reported record quarterly financial results, with revenue reaching US$17.9 billion—up 23% year-on-year—and net income soaring by 65% to US$512 million. The company aims to double its net income margin in three years, supported by robust R&D investments, which increased by almost 60%. Key business units, including Solutions and Services Group and Infrastructure Solutions Group, showed significant growth, with Solutions and Services revenue growing 30% to US$1.36 billion.

Lenovo’s Yoga brand, in collaboration with Intel, has relaunched its music creative program, For All Creators, this year expanding into art and design. The program will encourage creators to submit designs for a bespoke art installation to be featured in Troye Sivan's performance at Art Basel Miami Beach. Winners will receive a Lenovo Yoga laptop, a Best Buy Creator pack, and the chance to collaborate with Troye and a notable designer.