China’s Lenovo says in initial talks on smartphone venture

China’s Lenovo, the world’s No 2 PC maker by shipments, said on Tuesday it was in preliminary talks with an unidentified party on a potential smartphone business joint venture. It gave no further details.

Japanese media have reported that Lenovo, just shy of overtaking Hewlett-Packard as the top global PC maker, would set up a joint venture with Japan’s NEC to focus on smartphone manufacturing and distribution.

via Business feed http://www.scmp.com/business/companies/article/1253136/chinas-lenovo-says-initial-talks-smartphone-venture