Lenovo Plans Push in Servers and Storage, CEO Says

Lenovo Group Ltd. is setting its sights on new business areas such as servers and the market for smartphones in the developed world, its chief executive said, even as it sticks by a vision of promise in the troubled personal-computer industry.

In an interview on Thursday, Lenovo Chief Executive Yang Yuanqing said the company is looking for deals in servers and computer storage. “Servers and storage is the business we want to expand and develop,” he said on the sidelines of the Fortune Global Forum, in the southwestern Chinese city of Chengdu. “If there is an acquisition opportunity, we will take it.”

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