Alibaba places China smartphone business bet with $590m Meizu deal

Updated: 2015-02-09 14:11

(Agencies)

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Alibaba places China smartphone business bet with $590m Meizu deal

Lenovo tablets and mobile phones are displayed during a news conference on the company's annual results in Hong Kong in May 23, 2013. [Photo/Agencies]

No 5 Lenovo

The world's largest personal computer maker Lenovo Group Ltd sees the smartphone market as a stepping stone to enter other mobile consumer electronics markets because of its popularity in both emerging and developed markets. According to a Gartner report, Lenovo was the world's third-largest smartphone manufacturer in terms of market share as of the third quarter of 2013.

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