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ACER TAKES ON LENOVO IN CHINESE MARKET

Acer, the world's second-largest PC vendor, is challenging Lenovo in the Chinese company's home market.

Taiwan-based Acer has agreed an alliance with Lenovo's local competitor Founder, in an aggressive attempt to conquer the last big market in which it lacks a dominant share.

Under a memorandum of understanding signed yesterday, the two companies are to co-operate on product development, e-readers and customer services in China. Acer said it expected the partnership to catapult it from its current sixth rank in the Chinese market to the third or second rank within two years.

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