Lenovo's Magic Workshop CEO Chen Xudong announced that the company will enter the formal operation

Donews April 1 (reporter An Hong) today, Lenovo Magic Workshop CEO Chen Xudong announced that the company will enter the formal operation, the end of the month to introduce a full shareholding plan. It is revealed that the Magic factory is now expanding to more than 400 team size, the future focus on mobile internet and IoT business, code-named K9 High-performance Smartphone also entered the research and development phase.

In the October 2014, Lenovo announced the creation of a new Internet subsidiary, the "Magic Workshop", which is based on an internet-based model to launch end products such as smartphones. According to Chen Xudong earlier revealed that the Magic Workshop in the future mainly focused on E-commerce, mobile internet and the three parts of the business of IoT.

At present, the Magic workshop of the public Beta site (www.FM365.com) has been online, the world's first installation of the router and the smallest Intelligent home control center two items networking layout products also released in late March. The previously announced High-performance smartphone code-named K9 has also entered the research and development phase, which is expected to be released later this year.

At the same time, Chen Xudong also disclosed in the mail the full ownership plan, but the details will not be released until the end of the month.

According to the previous report, Lenovo Group will occupy 51% of the Magic Workshop in the early stage, currently, the Magic Factory's shareholders, including Lenovo Group, strategic investors, core management and Lenovo executives, may further dilute the group's shares in the future. Lenovo expects the magic plant to be valued at $5 billion trillion. Finish）