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Lenovo, the Treasure Hunter of Tech

How Lenovo makes fat profits on slim pickings

Behind this week’s cover
Photograph by Jeff Brown for Bloomberg Businessweek

Earlier this year, Lenovo went shopping. The Chinese maker of computers and smartphones said in late January that it was buying Motorola, the iconic mobile phone brand, from Google for $2.9 billion, less than a week after announcing the $2.3 billion purchase of IBM’s low-end server business. If the two deals receive U.S. government approval, Lenovo will have more than tripled in revenue, going to almost $50 billion from $15 billion five years ago.