Lenovo's profits have fallen a lot recently, mainly due to problems with the PC business it bought from IBM recently.
Some security conscious clients, mainly in the US, have chosen to stay away from Lenovo, as they do not want the Chinese company to get access to their data. That logic is not very clean. It is not because the owner of a company is Chinese that the risk is big. Any commercial company can have security holes at any level. No company is secure in this respect - regardless of nationality.
However, if it became public that a company's top management has authorised data theft from its customer, that company would immediately be dead commercially. There is no difference here between a Chinese and an American company. Both of them have the same interest in respecting their customers' privacy.
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