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China's Lenovo aims for third in global smartphone market

Published on Feb 13, 2014 2:46 PM
 
A logo of Chinese computer giant Lenovo is displayed in Hong Kong on Feb 13, 2014. The chairman of Chinese computer giant Lenovo pledged on Thursday, Feb 13, 2014, to make the company the world's third-biggest smartphone seller following an acquisition binge as the firm announced a 30 per cent profit surge. -- PHOTO: AFP

SHANGHAI (AFP) - The chairman of Chinese computer giant Lenovo pledged on Thursday to make the company the world's third-biggest smartphone seller following an acquisition binge as the firm announced a 30 per cent profit surge.

Lenovo, already the world's largest personal computer vendor, snapped up US telecom firm Motorola Mobility for US$2.91 billion (S$3.68 billion) and IBM's low-end server business for $2.3 billion within days of each other last month.

"We will become the number three smartphone player in the world," Lenovo Chairman Yang Yuanqing told journalists on a conference call.

"With the combined business of Motorola smartphone and Lenovo smartphone, we will have much larger scale."

 
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