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Lenovo aims for bigger market share
29/9/2005 17:26

Jane Chen / Shanghai Daily news

China-based Lenovo Group, the world's largest personal computer manufacturer, aims to increase its market share in China to 35 percent by the end of this year, its vice president and China chief executive officer Liu Jun revealed yesterday.
Quoted on Sina.com.cn, Liu said Lenovo's share of its Lenovo- and IBM- branded PCs was a combined 32 percent of the market in the second quarter.
To reach their expansion goal, the company will embark on China's fast-tracking laptop sector, which, currently accounts for 18 percent of the country's total PC market, is expected to increase to 40 percent in three years, according to Liu.
Ambitious Lenovo acquired International Business Machines Corp's PC business for US$1.25 billion in May to become the world's largest PC manufacturer, with approximately US$13 billion in annual revenue. 
In China, it is the No.1 computer manufacturer, followed by HP and Dell, July IDC data indicated.