Lenovo (00992) Shanghai Fund officially lands with 1 billion capital to enhance the integration of cutting-edge technology and industry-academic-research collaboration.

On November 8, at the 2025 Lenovo Capital CEO Annual Meeting, LENOVO GROUP (00992) signed a cooperation agreement with Shanghai Future Industry Fund, Shanghai Pudong Venture Capital, and Fudan Science and Technology Innovation, announcing the official establishment of Lenovo Shanghai Fund. The initial size of the fund is 1 billion yuan, focusing on cutting-edge technology and future industry sectors for deep deployment, with the core goal of promoting the integration of industry, academia, research, and finance innovation, injecting capital power into technology transformation and industrial upgrading. Chairman and CEO of LENOVO GROUP Yang Yuanqing proposed at the meeting that in the future, artificial intelligence will focus on individuals and enterprises/entities, with personalized and diverse needs leading to an intelligent form of "thousands of people, thousands of faces, thousands of enterprises, thousands of styles". This goal requires breaking through the limitations of single models, devices, and ecosystems, building AI capabilities across devices, applications, and operating systems, and relying on a "hybrid artificial intelligence" architecture to create a native application ecosystem. As an important result of strategic implementation, Lenovo has already laid the groundwork in the field of hybrid AI by 2023, and the "Tianxi Personal Super Intelligent Body" launched in May this year has an average weekly activity rate of 40%. In the field of personal intelligence in the future, Lenovo will promote the "one body, multiple terminals" strategy, in addition to AI PCs, it will also create multi-modal intelligent native terminals and continue to enrich the application ecosystem. In the enterprise field, Yang Yuanqing predicts that enterprises will build multi-domain intelligent bodies in various segments of the value chain and vertical industries, and through the coordination and command of super intelligent bodies, they will foster a new form of "enterprise intelligent twins". Lenovo Capital, as the "watchtower" of group technological innovation, has invested in more than 300 outstanding innovative technology companies over nine years, with 21 successfully IPOed. Among the invested companies, the proportion of national and provincial-level "specialized and innovative" enterprises is close to 50%, ranking at the forefront of CVC corporate venture capital. Currently, more than 70 invested companies are engaged in business cooperation around the Lenovo hybrid artificial intelligence architecture, covering core areas such as computing power infrastructure, model development, and application implementation. The establishment of Lenovo Shanghai Fund will further integrate capital, industry, and scientific research resources, strengthen Lenovo's full-chain layout in the AI industry chain, and provide capital and ecological support for cutting-edge technology companies in Shanghai and even the whole country. Yang Yuanqing emphasized that technological innovation is the solid foundation for the development of Lenovo in the AI era. This cooperation brings together the diverse forces of industrial capital, local venture capital, and institutions with backgrounds in universities. Lenovo Shanghai Fund will serve as a link for capital, promoting the precise connection of technology achievements from universities and research institutions with industrial needs of enterprises, accelerating the commercialization of technological achievements. The market believes that the establishment of Lenovo Shanghai Fund will help Lenovo deepen its hybrid artificial intelligence strategy, while also supporting Shanghai in building a future industry innovation center and promoting specific practices of regional industry, academia, research, and development cooperation.