Champ or chump?

摘要

It sounds like the testosterone-tinged vision of an investment banker: a little-known upstart buys its most famous rival, three times its size. Yet this time it happened in Beijing-on December 7th, when Lenovo, China's leading maker of personal computers with $3 billion in annual sales, bought the $9 billion-a-year PC division of mighty IBM for a puny $1.75 billion. The deal puts Lenovo into the industry's third place, behind Dell and Hewlett-Packard (HP).