China Wireless aims for China's No 1 spot

China Wireless Technologies, the mainland's third-largest smartphone vendor, believes demand for low-cost phones will help it eventually overtake the market leaders, Samsung Electronics and Lenovo.

A 50 per cent surge in smartphone shipments will allow China Wireless to pass Lenovo for the No2 spot this year, though catching Samsung will take longer, chief financial officer Jiang Chao said yesterday.

via Business feed http://www.scmp.com/business/companies/article/1223115/china-wireless-aims-chinas-no-1-spot