Lenovo Group Ltd. believes 10% to 20% of its revenue will come from mobile Internet services within five years, up from low-single-digit percentages currently, an executive said at the launch of the company's new smart phone.

Expanding into mobile Internet services is a goal for the Chinese computer maker. It launched its "LePhone" handset in China on Monday, based on Google Inc.'s Android operating system, hoping to take a chunk of the world's largest market for mobile subscribers. The phone will subsequently be launched in other emerging markets.

Lenovo aims to sell "millions" of the phones over the next five years, and "tens of millions" after that, Chief Operating Officer Rory Read told reporters at the event.

source: engadget