China’s top PC-maker Lenovo will list on Shanghai’s Nasdaq-style STAR Market, aiming to raise 10 billion yuan ($1.6 billion), according to the bourse’s announcement on Sept. 30. Lenovo plans a public offering by selling as much as 10% of its equity as Chinese depositary receipts (CDRs) in the STAR Market. The company intends to use the fund to develop businesses outside of hardware, such as cloud and artificial intelligence. [Nikkei Asia]