The mobile phone market has become highly sought-after as the world's major electronic appliance makers reorient their resources towards this increasingly profitable sector. Lenovo, the world's largest PC maker, has acquired Motorola Mobility from Google in a bid to use the established brand to increase its market share globally.

It is expected that Lenovo may become the world's third largest mobile phone maker behind Samsung and Apple following this acquisition. Other Chinese companies including Huawei and ZTE have also invested more heavily in the sector to win out in the fierce competition.

So how do industry insiders view the potential of Chinese companies in the global mobile phone market? In what way can these companies learn from their highly successful peers like Samsung?

Ni Hao, you're listening to People In the Know, bringing you insights into the headlines in China, and around the world, I'm Zheng Chenguang in Beijing.

We speak to Paul Budde, the Managing Director of Paul Budde Communication, an independent telecommunications research and consultancy organization based in Australia, and Li Ruiguo, vice president and partner of McQs, a consulting firm based in South Korea.