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China's Lenovo says will not phase out its own phone brand
May 25, 2017 / 7:18 AM / 4 months ago

China's Lenovo says will not phase out its own phone brand

FILE PHOTO - Lenovo Chairman and CEO Yang Yuanqing attends a news conference on the company's annual results in Hong Kong May 26, 2016. REUTERS/Bobby Yip

HONG KONG (Reuters) - Lenovo Group (0992.HK) chairman and chief executive Yang Yuanqing told Reuters on Thursday the company’s China business reorganization will not affect its mobile business on the mainland.

Yang, speaking after the company reported a return to profit for the year to March, said the company will keep its Lenovo-Motorola dual-brand strategy for it mobile business despite a widening loss.

“We will never phase out Lenovo,” Yang said.

Reporting By Sijia Jiang; Editing by Anne Marie Roantree

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