The news is China’s laptop and personal computer maker, Lenovo, is buying back the mobile phone division it sold off 2007/2008. Lenovo has been battered by the global recession like all other telecom and technology companies. What makes this news worthy is that the Chinese are a massive global technology force.

Technology convergence in the telecom and computer markets is occurring via the smartphone sector now. Lenovo has seen the light and is acquiring its old division back for about $200 Million.

What is important to note is that China’s largest computer maker is stepping into the smartphone fray. The likelihood of Chinese cellular carriers giving the new Lenovo cell phone division a hand is great.

Unless Lenovo makes a huge error, we will probably see Lenovo’s beta units in the hands of Chinese carriers in 2010. China’s cellular carriers will not be selling the handsets but they will certainly make every effort to help Lenovo in the development of their handsets.

If I were companies like Apple, Nokia, LG, and Motorola, I would start worrying.