At a pannel discussion at the 2005 Fortune Global Forum on Tuesday, Yang Yuanqing, board chairman and CEO of China's leading Personal Computer producer Lenovo, introduced the active changes that the company has experienced after it acquired US-based IBM's Personal Computing Division in late 2004.
Yang Yuanqing hopes Chinese enterprises can make full use of their advantages in the domestic maket to promote their brands abroad.
"Early in 2003, we decided to give full play to our strong competitiveness in the personal computing division to seek rapid development by following the pace of globalization. At the same time, IBM offered us an olive branch. So we seized the opportunity to purchase it without hesitation." he said.
Yang Yuanqing said Lenovo has made use of China's large domestic market and the low cost of labor to succeed in distributing the quality brand abroad.
He explains that an enterprise should choose its path of development based on its own characteristics, strength and capabilities. But he said Lenovo's development strategy only serves as a reference for other domestic enterprises which are aimed at going international.
(Xinhua News Agency May 18, 2005)
