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Office equipment industry

China's Legend Computer Group Enters World Top 15 as E-commerce Booms in Asia

Strategic Insights

— 1 min read

China's Legend Group, the country's largest PC manufacturer, has entered the world's top 15 companies in terms of market share in 1998, according to the International Data Corp (IDC). This achievement comes as the Asian region witnesses a significant surge in e-commerce, with the Philippines expected to experience a 250% growth in the use of electronic commerce over the next five years, nearly double the expected worldwide growth of 131%.

Key Takeaways:

  • China's Legend Group has entered the world's top 15 companies in terms of market share in 1998, with a market share of 0.6% in the personal computer market.
  • The Legend Group's significant rise to the top 15 is a testament to China's growing presence in the global technology industry.
  • E-commerce is booming in Asia, with the Philippines expected to experience the fastest growth in the region, at 250% over the next five years.
  • The Philippines is also the fastest growing market for e-commerce in the world, with the United States showing interest in Philippine companies that can provide goods and services over the Internet.
  • IBM is offering Malaysian companies an easy and low-cost entry into electronic commerce through its Net-Commerce merchant software.
  • Philippine companies are being encouraged to get "wired" if they want to attract American firms to their products and services.
  • IBM has signed a partnership agreement with Australia's Chip Application Technologies Ltd (CAT) to resell the CAT System in the US and Canada.
  • The United States is working with Philippine firms to launch a Philippine web portal, which will allow American companies to access and do business with Philippine companies more easily.

Statistics:

  • China's Legend Group has a market share of 0.6% in the global personal computer market in 1998, ranking 15th
  • The Philippines is expected to experience a 250% growth in the use of e-commerce over the next five years, nearly double the expected worldwide growth of 131%
  • The Philippines has 7,100 islands, 6,000 of which are smaller than one square kilometer
  • The country has a population of 68 million people
  • E-commerce is expected to grow significantly in the Philippines and other Asian countries over the next five years

Sources:

  • International Data Corp (IDC) Asia Pulse (http://www.asiapulse.com)
  • Asia Pulse Pte Ltd COMTEX (http://www.comtexnews.com)
  • International Business Machine (IBM)
  • Chip Application Technologies Ltd (CAT)
  • US Embassy in the Philippines

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