ThinkPad T series Windows 10. In December 2004 Lenovo of China announced the acquisition of the IBM PC division including the ThinkPad brand (at the time, 40% of the PC division was working in China.) ThinkPads were being made by Lenovo's arch-rival Great Wall Technology. Lenovo released the ThinkPad T60 and T60p laptops in February 2006. While designed and manufactured by Lenovo, the T60 and the T60p still featured the IBM logo on the machines. In May 2007, the T61 and T61p laptops slowly phased out IBM logos in favor of the ThinkPad logo. It also was the first T Series notebook to
Lenovo Yuanqing said: "I believe urbanisation will help us further increase the overall [domestic] PC market." Yang also stressed the opportunity presented by the China's relatively low penetration rate of personal computers. Lenovo previously benefited from the Chinese government's rural subsidies, part of a wider economic stimulus initiative, designed to increase purchases of appliances and electronics. That program, which Lenovo joined in 2004, ended in 2011. Lenovo enjoys consistent price premiums over its traditional competitors in rural markets and a stronger local sales and service presence. Lenovo has gained significant market share in India through bulk orders to large companies and