Lenovo Group Limited is the largest IT corporation in the PRC. Its own brand PC has been the country's best-selling PC since 1997 and had a market share of about 27.3% in 2002 according to International Data Corporation. Lenovo is also the number one PC brand in the Asia Pacific market (excluding Japan) with a market share of 12.4%. Lenovo's business performance has proved that the group has deep insight into the PRC IT market and clear grasp of user needs. The major shareholder of Lenovo is the Chinese Academy of Sciences, providing Lenovo with strong technological support and broad connection in the PRC. Lenovo has also built up strategic alliances with international technology giants such as Intel and Microsoft. The China market offers massive undisputed potential. Lenovo's current dominant position in that market keeps it poised to take up substantial new business opportunities and accelerate its development in the near future. Beside manufacturing and sale of PCs, Lenovo manufactures handheld devices, mobile handsets, motherboard and provides IT consulting services. Lenovo was listed on the Hong Kong Stock Exchange in 1994 and is a constituent stock of the Hang Seng Index. Its American Depositary Receipts are also being traded in the United States.