Beijing-based technology firm Lenovo is planning to establish 50 cloud computing hubs in China via an investment worth 300 million yuan ($48.7 million) in a move to enter the rapidly growing enterprise service market.
Lenovo, the largest PC manufacturer in the world, is also planning to build additional tech hubs in other foreign markets such as Germany and the United States.
The Chinese multinational tech company also plans to train more than 1,000 experts in backup and storage services, data analysis and cloud computing.
After its recent acquisition of IBM's low-end server sector worth $2.1 billion, Lenovo wants to integrate business with cloud computing via its new connected former IBM and Lenovo end-to-end services.
Lenovo vice-president Ye Ming expects that Lenovo's new enterprise services will be adopted in current industries, especially in health care, education and finance sectors.
"Enterprise is a core place for Lenovo to explore in its PC Plus strategy in long-term development," said Ye, who is also a former executive at IBM.
Lenovo's cloud, enterprise, mobility and services (CEMS) business is currently responsible for 15 percent of the Chinese tech firm's overall revenue, which greatly increased from around 3-4 percent in 2013, according to Ye.
Yang Yuan Yuanqing, a chairman and CEO of Lenovo, said that the firm is aiming to reach up to 10 billion yuan in revenues via its CEMS business in the upcoming months after it acquired the IBM x86 server business.
Lenovo has two headquarters: one based in Beijing, China; another based in North Carolina, United States.