Lenovo Aims to Grow at Twice the Industry Growth Rate

From Financial Times: Lenovo to focus on growth

"Lenovo (...) is already the third largest PC maker behind Dell Computer and Hewlett-Packard, the US market leaders."

But Mr Yuanqing, the Lenovo chairman said "the Chinese group planned to grow by focusing on innovation in the PC market and targeting high-growth market segments including consumers in developing markets and the mobile and small business segments in more mature markets."

"As part of its efforts to boost market share in China, Lenovo planned to open 800 franchise stores by year-end, bringing the total to 5,500, said Stephen Ward, chief executive, at a conference last week. Lenovo also has opened 70 stores in India."

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