Lenovo Sees Global PC Slowdown as Reason to Go Into Smartphones

Lenovo Sees Global PC Slowdown as Reason to Go Into Smartphones

Daniel Acker/Bloomberg

Lenovo, founded in 1984 with the equivalent of $25,000, has swelled to become a manufacturer valued at $8.4 billion, helped by takeovers including International Business Machines Corp.’s PC unit in 2005.