Lenovo invests in China's personal tech market
This morning, Reuters reports that Lenovo will invest nearly $800 million to create a more extensive mobile manufacturing facility in Wuhan, Hubei, China. Lenovo's smartphone and tablet offerings, dubbed the LePhone and LePad respectively in China -- but marketed to the rest of the world as the "Ideapad," are second only to Apple's products in this consumer market. These products are not strong competitors in the American market, and this move indicates a shift in focus for the electronics manufacturer looking to take advantage of a clearly booming mobile market. Lenovo could be looking to up its production to move more strongly into the American market, or could be looking to circumvent it entirely in favor of monopolizing on the existing popularity of its products in China.