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By Gerry Shih BEIJING (Reuters) – Chinas Lenovo Group said first-quarter profit jumped 23 percent, beating estimates, as a surge in smartphone sales showed how quickly the worlds biggest personal computer maker is transforming itself into a major player in mobile technology. Beijing-based Lenovo said on Thursday net income climbed to $214 million in the three months through June from $174 million in the same period a year earlier, the opening quarter of its fiscal year. This year the ambitious hardware company has accelerated its strategy to diversify away from the crumbling PC market, agreeing to buy IBMs server unit and the iconic Motorola handset brand in deals worth over $5 billion. Lenovos Chief Executive Yang Yuanqing said he sees potential for more smartphone sales growth outside China – though he wont chase it at the expense of profit margins.