HK Stock Market Move | Lenovo Group (00992) rose more than 3%, with Singles' Day total online sales exceeding 86 billion yuan and AI smartphones performing well.

LENOVO GROUP (00992) rose more than 3%, up 3.06% to HK$9.76 as of the time of drafting, with a turnover of HK$184 million. On the news front, Lenovo achieved impressive results during this year's Double 11 shopping festival. Data shows that Lenovo's total online sales exceeded 8.6 billion yuan (statistics from 8:00 pm on October 14, 2024 to 12:00 am on November 11, 2024). In the Jingdong Computer and Digital Racing List, Lenovo ranked first in multiple categories such as laptops, gaming laptops, and ultra-thin laptops, winning a total of 20 championship titles. Products like the Lenovo Legion Y9000P 2024 AI Essential Edition, Lenovo ThinkPad T14p 2024 AI Essential Edition, and Lenovo moto razr 50 Ultra AI Essential Edition have become popular among users. Moreover, during the Double 11 shopping festival, Lenovo also achieved significant success in the field of AI smartphones. Lenovo moto topped the top new brand sales ranking on the Jingdong mobile phone racing list for a total of 28 hours. In particular, the Lenovo moto razr 50 series won first place on both the Tmall Double 11 folding screen smartphone hot sales list and the Douyin platform's hot-selling small folding screen single product sales list. According to IDC data, in the second quarter of 2024, Lenovo moto became the brand with the highest market share in the global market for vertical folding screen smartphones, with a market share of 30.8%.