Chinese customers check out the computers at a Lenovo shop in Hangzhou, Zhejiang province on February 2, 2014. (AFP PHOTO)
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Thirty years later, the tech company – which went on to become Legend and later, Lenovo – is the world's biggest personal computer maker, and has just completed two major deals with IBM and Google that analysts say will help it to diversify away from the sagging PC market and boost its expansion overseas.Lenovo's $2.3 billion purchase of IBM's low-end server business and its $2.91 billion acquisition of Motorola from Google are evidence of the Chinese tech giant's "global ambitions," said Jean-Francois Dufour at DCA Chine-Analyse. From its humble beginnings, Lenovo has charted an impressive course in the personal computer market.With its Motorola purchase, Lenovo hopes to replicate its PC market success in the smartphone universe.Globally, Lenovo ranked fifth in the same quarter, with only 4.5 percent market share.
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