Lenovo (00992) "sweeps" the AI market.

This former traditional PC giant, now transforming itself into a pioneer of the AI era. It is no longer a PC manufacturer, but has evolved into a full-stack AI product, solution, and service provider. The battle of large models, after years of competition, the situation has gradually become clear. But for technology to truly land, reach households, and become profitable, it still needs to overcome the last mile. So, who is the biggest driver of AI implementation in China? Tencent, Alibaba, Baidu, ByteDance, or Huawei? These industry giants each have strong capabilities in their respective fields, such as ByteDance and the BAT's advantage in cloud computing and terminal applications, and Huawei's advantage in underlying software and hardware technology. If judged based on the breadth of business layout, the strength of a giant has been long underestimated. On March 31, 2025, Lenovo (00992) China region's swearing-in ceremony was held at the National Tennis Center in Beijing. During the meeting, Liu Jun, Executive Vice President and China Region President of LENOVO GROUP, emphasized: In the next ten years, Lenovo will focus on hybrid artificial intelligence. In the past few years, artificial intelligence has been advancing in various fields, but at the same time, personal intelligence, enterprise intelligence, and public intelligence have been fragmented from each other. This is due to both technical reasons and the limited scope of individual companies' business layout. However, Lenovo proposed the technical path of hybrid artificial intelligence as early as 2023, which involves the coexistence and complementarity of individual intelligence, enterprise intelligence, and public intelligence, affirming that: Hybrid artificial intelligence is the must-have for AI universal access! Lenovo's bold proposal of hybrid artificial intelligence is closely related to its broad business layout in the field of AI. In recent years, the outside world's perception of Lenovo still lingers on its glorious history as the global leader in PC market share. But few people have noticed that since launching its intelligent transformation in 2017, Lenovo's China region has built a full-stack AI capability covering personal intelligence and enterprise intelligence on the basis of the new IT architecture of "end-edge-cloud-network-smart." In the field of AI terminals, Lenovo released the world's first AI PC and led the market. Building on this, Lenovo's China region has also developed a multi-termina...Outside, Lenovo China has also built up the core competitiveness of the AI era through agile, efficient, high-quality Chinese innovation capabilities, as well as AI-native organizations.Thanks to this foundation, today's Lenovo has been able to accumulate and innovate, providing many surprises to people in the AI era. For example, with the explosion of intelligent bodies, people suddenly realized that Lenovo was one of the first companies to clearly define intelligent bodies and AI PCs. Not only did Lenovo define it early, but it also globally launched AI PCs. At the same time, it released and showcased many intelligent bodies, including the Tianxi personal super intelligent body for individuals, and the Baiying intelligent body tailored for small and medium-sized enterprises. These intelligent bodies have become important entry points for individuals and small and medium-sized enterprises to embrace AI. For more than seven years, Solareast Holdings' strategy in Lenovo China has continued to upgrade and iterate, especially in two major transformation areas, establishing a leading customer direct mode in the industry and forming a strategic layout of full-stack AI. Take customer direct mode as an example. Currently, among the three major customer groups, the coverage of corporate clients has increased from 53% seven years ago to over 90% today. The number of small and medium-sized enterprise clients that can be directly reached has increased from very few to over 7 million, and the number of consumer customers has reached over 200 million members. As time passes, this strategic layout continues to iterate. At the 2025 Lenovo China District Swearing Ceremony, Solareast Holdings' strategy ushered in a new upgrade, and the mission was updated to "Hybrid AI Accelerating China's Intelligent Transformation." At the event, Liu Jun also announced three major strategies for 2025: The first is to deepen the customer direct mode with the intelligent body legion. The conference officially unveiled the Lenovo Super Intelligent Body - Lexiang. It will form the first silicon-based team in Lenovo China District with intelligent bodies in marketing, sales, service, and others, comprehensively improving organizational efficiency and customer service capabilities. Lenovo Lexiang, as the new official portal for the public, customers, and major Lenovo partners, will be responsible for intent understanding and task planning, and will coordinate the research and development, supply chain, marketing, sales, service, and operational intelligent bodies to provide services to users. In Liu Jun's eyes, this silicon-based team is the special forces of Lenovo China District's direct customer mode. The second is to strike back with full-stack AI and accelerate the 3S transformation. In terms of personal intelligence, Liu Jun announced the upgrade of Tianxi AS to Tianxi Personal Super Intelligent Body, and Lenovo Personal Cloud will also be released in May. Tianxi Personal Super Intelligent Body will be upgraded to the end-cloud integrated technology architecture relying on personal cloud, embedded in Lenovo AI PCs, AI smartphones, AI tablets, exploding "one body, multiple ends." In terms of enterprise intelligence, the Infrastructure Business Group will adhere to a "horizontal and vertical" layout, seize the AI opportunity, and achieve overtaking in corners. The Solutions Services Business Group will lead the transformation of IT services into AI services with "one support, three arrows." The last is to turn the tide with three magic weapons. In the new fiscal year, Lenovo China will upgrade its intelligent IT engine to Engine 4.0 based on multimodal and reasoning large models, striving to quickly reach Level 3 intelligence. At the same time, it will continue to strengthen China's creative capabilities and advocate for human-machine coexistence in culture, and it will mass-form silicon-based forces. Since the launch of the Solareast Holdings strategy in 2017, Lenovo China has been promoting intelligent transformation, and this change may have no end. With the iteration of large models, AI has now moved from a concept to a deep end of implementation and popularization. Especially since the beginning of this year, the appearance of high-performance, low-cost, open-source large models represented by DeepSeek has greatly reduced the cost of AI training. The door to the new era of AI for all has slowly opened. This is an epic historical opportunity for the IT industry. However, many internet and AI companies, due to the lack of business layout, have been stuck in the gap between technology and scenarios, making it difficult to play a larger role. In contrast, Lenovo, which has early positioned itself in the intelligent track and built full-stack AI capabilities, has stood out in this upgrade warfare of intelligence, occupying a favorable position. Thanks to its full-stack AI capabilities and decades of accumulated users and industry experience in the IT industry, Lenovo has broken the trap of "technological idling" that exists in the industry. Today, Lenovo's AI PCs can smoothly run the DeepSeek end-side large model with 7 billion parameters on consumer-level devices. The Tianxi personal intelligent body system will not only run across terminals and operating systems but also provide personalized services and scenario integration capabilities for users. The Engine Intelligent Body "Super Factory," with tens of thousands of models and hundreds of enterprise intelligent body templates, can help distill large models for enterprises within 72 hours. Intelligence has brought about a rapid increase in production efficiency. At Hefei Lenovo Technology, the "lighthouse factory" here can process over 8,000 orders per day, and more than 80% of them are personalized orders of less than 5 units. In the past, workers needed 6 hours to schedule production per day. After intelligence, production scheduling time has been reduced to 1.5 minutes. Not only individuals, not only enterprises, in the great northwest of the motherland, at the intersection of computational power hubs where calculations are made, Lenovo's intelligent terminals, infrastructure, and solutions are also pulsating. This full-stack AI capability allows Lenovo to inject AI into the capillaries of the industry chain, rather than being fixated on flashy individual technologies. At the intersection of computational power infrastructure, terminal ecosystems, and industry solutions, in the last mile of AI implementation, a neural network for inclusive AI is being woven. These seemingly unsexy businesses are actually the key barriers and moats for Lenovo in the AI era, successfully leading Lenovo out of the bottleneck of traditional businesses. In the just ended fiscal year, Lenovo China has exceeded its highest pre-set targets. Compared to the previous fiscal year, overall revenue and profit contribution have both grown by over 20% year-on-year, and non-PC business revenue has increased by nearly 60% year-on-year. This former traditional PC giant has now transformed into a pioneer of the AI era. It is no longer just a PC manufacturer but has evolved into a full-stack AI product, solution, and service provider. Looking back to this moment today, seven years ago, the soul-touching reform in Lenovo China can be said to be strategic and forward-thinking. If not for this transformation, Lenovo may still be relying on the traditional.Stuck in the traditional PC business.The full-stack AI strategic layout has changed its fate, not only getting out of the past darkness, but also becoming an important driver for China's new quality production in the future.