The company, which sells more phones than Samsung in China, aims to sell 1 million smartphones in India next financial year.
China's personal computer giant Lenovo Group on Wednesday announced in Beijing that it had signed an agreement with IBM to take over the latter's personal computer business for $1.25 billion.
China's multinationals, powerful as they seem, are still beholden to the Communist Party. That's both a blessing and a burden.
He has been a long time Blackberry fan and user.
Lenovo Group Ltd said on Tuesday it was establishing a smartphone assembly unit in India.
Pending final approvals, Huawei would become the first big-name Chinese phone maker to manufacture hardware in India's growing market.
Apple Inc and Google Inc's Motorola Mobility unit have agreed to settle all patent litigation between them over smartphones, ending one of the highest-profile lawsuits in technology.
The company is headed for its worst annual profit in three years, under siege as Chinese firms like Xiaomi and Lenovo reel in buyers with full-function touch-screen smartphones that are cheaper.
Suppliers to Apple Inc are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month's expected launch, supply chain sources said.
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