At the Consumer Electronics Show in Las Vegas last week, Lenovo Group Ltd.
It also faces low cost producers (LCPs) from China such as Lenovo Group and Acer.
Other new-economy stars, such as Lenovo Group, Tencent Holdings and search-engine Baidu, are already in the second 500 of our list.
China's Lenovo Group, number two in the market, is benefiting from sales to first-time buyers in China and other developing countries.
Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services.
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In a similar vein IBM will sell its personal computer business to China's Lenovo Group because IBM can make more money on things like consulting than on PCs.
Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services worldwide.
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In attempting its current restructuring, Acer faces a formidable Asian rival in China's Lenovo Group, which ranks a close second behind Hewlett-Packard Co. as the world's biggest PC maker.
"In reality, NEC could sell those shares after two years anyway as per contract" said Roderick Lappin, vice president of Lenovo Group and executive chairman of the joint venture Lenovo NEC Holdings.
It purchases products from over 100 OEMs, including Hewlett-Packard, IBM, Intel, Lexmark, Xerox, Lenovo Group and Microsoft, and delivers them to 15, 000 value-added resellers, corporate resellers, government resellers, system integrators, direct marketers and retailers.
Times have been tough for the PC industry, as falling prices, weak demand and high competition have already forced Lenovo Group into a loss, while Dell has found that IT spending by large companies is weak.
Dell may be wise to avoid trying to get its costs below those of Lenovo Group and Acer, but corporate IT budgets have been under tight scrutiny over the last 12 years as CEOs struggle to meet financial targets in a slow-growth world.
"In China we are jealous of our HR co-workers in the U.S., " where online recruiting platforms are more mature and can attract qualified candidates, said Willa Wang, talent acquisition director at Lenovo China, the Chinese unit of Hong Kong-based personal computer company Lenovo Group Ltd.
For the sake of better brand positioning and better efficiency, Yang announced in the same e-mail that his company will split into two new groups: Lenovo Business Group (LBG) and Think Business Group (TBG).
ENGADGET: Lenovo to split into Lenovo Business Group and Think Business Group, effective in April
"Our latest Idea-branded products offer more comfort, simplicity and responsiveness than ever before, " said Wei Jun, vice president, Idea Product Group, Lenovo.
"With the launch of our global consumer Idea brand a year ago, we've shown the world that PC technology can be powerful and beautiful, " said Liu Jun, senior vice president and president, Consumer Business Group, Lenovo.
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And companies such as Panda Electronics, Huawei Technologies Haier Group, Little Swan, and Lenovo are developing new products becoming the next Cisco, IBM, and Apple.
In its first full quarter of operations, Lenovo's Mobile Internet Digital Home (MIDH) business group helped the Company achieve a 34 percent increase in total handset shipments of year-over-year, including smartphones and feature phones.
Lenovo buying IBM's Thinkpad line of computers is one such example, Geely Holding Group's recent acquisition of Swedish car maker Volvo is another.
Lenovo also completed the formation of the joint venture company with NEC Corporation, forming the largest PC group in Japan.
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