HK Stock Market Move | LENOVO GROUP (00992) rose more than 4%, completed a $2 billion investment and reached a strategic cooperation agreement with the Saudi sovereign wealth fund.

LENOVO GROUP (00992) rose more than 4%, rising to 4.41% at the time of writing, reaching 9.95 Hong Kong dollars, with a turnover of 1.13 billion Hong Kong dollars. In terms of news, on January 8, LENOVO GROUP and Alat Anait completed a $2 billion investment and reached a strategic cooperation agreement. LENOVO GROUP will establish its Middle East and Africa headquarters in Riyadh, the capital of Saudi Arabia, and build a sustainable manufacturing base in the country. According to the plan, the new factory is expected to start production in 2026, with an annual output of millions of personal computers and servers. In addition, LENOVO GROUP and Alat Anait also reached a business expansion agreement, including the investment of LENOVO's Riyadh headquarters in flagship retail stores in Saudi Arabia, and further increasing investment in research and development, marketing, and strategic cooperation in the Middle East and Africa. Furthermore, at the CES 2025 international consumer electronics show, LENOVO GROUP showcased a range of groundbreaking AI products and solutions. Among them, the Lenovo's first rollable screen AI PC, ThinkBook Plus Gen 6, drew attention with its unique retractable display design, the screen size can extend from 14 inches to 16.7 inches, and will be officially launched in 2025. In addition, Lenovo's first tablet featuring local AI, YOGA Pad Pro AI Yuanqi version, was unveiled, equipped with a 12.7-inch 3K anti-glare display, and built-in AI tools such as AI notes and transcriptions.