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Lenovo Bets on Smartphone Win in Brazil as China Demand Slows

  • Business is on track to turn profitable in a few quarters
  • Chairman Yang Yuanqing speaks on sidelines at CES in Las Vegas

Lenovo Group Ltd. expects demand for its smartphones in Brazil and India will help make up for a slowdown in China and deliver profits in a few quarters, Chairman and Chief Executive Officer Yang Yuanqing said.

The manufacturer’s $2.9 billion acquisition of Motorola Mobility Group from Google Inc. in 2014 is giving the world’s third-largest smartphone maker access to higher-growth markets as the pace of adoption in China grinds to a halt. After almost doubling between 2008 and 2013, the nation’s market will expand at less than a 1 percent rate in the next five years, according to market researcher IDC.