Lenovo

Lenovo Group Limited, often shortened to Lenovo (/ləˈnv/ lə-NOH-voh, Chinese: 联想; pinyin: Liánxiǎng), is a Chinese[7] multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, personal computers, software, business solutions, and related services. Products manufactured by the company include desktop computers, laptops, tablet computers, smartphones, workstations, servers, supercomputers, electronic storage devices, IT management software, and smart televisions. Its best-known brands include IBM's ThinkPad business line of laptop computers, the IdeaPad, Yoga, and Legion consumer lines of laptop computers, and the IdeaCentre and ThinkCentre lines of desktop computers. As of January 2021, Lenovo is the world's largest personal computer vendor by unit sales.[8]

Lenovo Group Limited
Native name
联想集团有限公司
Liánxiǎng Jítuán Yǒuxiàn Gōngsī
TypePublic
SEHK: 992
IndustryComputer hardware
Electronics
Founded1 November 1984; 37 years ago (1984-11-01) (as Legend 联想)
Beijing
FounderLiu Chuanzhi
Headquarters
Area served
Worldwide
Key people
Yang Yuanqing (Chairman and CEO)
Products
Revenue US$60.742 billion (2021)[5]
US$2.18 billion (2021)[5]
US$1.313 billion (2021)[5]
Total assets US$37.99 billion (2021)[5]
Total equity US$3.611 billion (2021)[5]
Number of employees
~71,500 (2021)[5]
Subsidiaries
Websitewww.lenovo.com

Lenovo was founded in Beijing on 1 November 1984 as Legend by a team of engineers from the Chinese Academy of Sciences. Initially specializing in televisions, the company migrated towards manufacturing and marketing computers. Lenovo grew to become the market leader in China and raised nearly US$30 million in an initial public offering on the Hong Kong Stock Exchange. Since the 1990s, Lenovo has increasingly diversified from the personal computer market and made a number of corporate acquisitions, with the most notable being acquiring and integrating most of IBM's personal computer business and its x86-based server business as well as creating its own smartphone.[9]

Lenovo has operations in over 60 countries and sells its products in around 180 countries.[citation needed] The main headquarters was located in Hong Kong,[1] while the global headquarters is located in Beijing, China,[2][3] and its operational headquarters is in Morrisville, North Carolina, US. It has research centers in Beijing, Chengdu, Yamato (Kanagawa Prefecture, Japan), Shanghai, Shenzhen, and Morrisville (North Carolina, US),[4] and also has Lenovo NEC Holdings, a joint venture with NEC that produces personal computers for the Japanese market. IBM's Think-line systems are exclusively developed in Yamato and in Morrisville.


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