By Eve Fan
A year after being acquired by Lenovo, the Beijing-based technology firm has placed its faith in Motorola Mobility to lead a turnaround in its smartphone division and become profitable in 2016.
The iconic mobile device company that has, in four short years, been spun off from Motorola Inc., acquired by Google Inc. and then sold to Lenovo for nearly $3 billion, faces significant challenges.
According to International Data Corp., Lenovo dropped to fifth place in smartphone market share in China during the second quarter, behind Samsung, Apple, Huawei, and Xiaomi. Continue reading