Lenovo growth hopes

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28 September 2005 – Hong Kong (CHN): Lenovo has announced it expects to expand its share of China’s competitive PC market to 35 per cent by the end of the year.

Lenovo recently warned investors not to expect rapid growth, following the purchase of IBM’s struggling PC assets for $1.25 billion in May this year.

 

Liu Jun, Lenovo COO, said the company already controlled 32 per cent of the Chinese market at the end of June, and harboured plans to double industry growth rates.