While the Lenovo brand came into existence only in 2004, the company has a much longer history. In 1984, Legend Holdings was formed with 200,000 RMB (US$25,000) in a guard house in China. The company was incorporated in Hong Kong in 1988 and would grow to be the largest PC company in China. Legend Holdings changed its name to Lenovo in 2004 and, in 2005, acquired the former Personal Computer Division of IBM, the company that invented the PC industry in 1981.
Today, Lenovo is a US$30 billion personal technology company and the world’s second-largest PC vendor. They have more than 30,000 employees in more than 60 countries serving customers in more than 160 countries. A global Fortune 500 company, Lenovo has headquarters in Beijing, China and Morrisville, North Carolina, U.S.; major research centers in Yokohama, Japan; Beijing, Shanghai, Wuhan and Shenzhen, China; and Morrisville; and has manufacturing around the world from Greensboro, North Carolina and Monterrey, Mexico to India, China and Brazil.
Lenovo has been the fastest growing major PC company for more than 3 years, but they’re much more than a PC company. They create a full range of personal technology, including smartphones, tablets, and smart TVs. Lenovo is the second largest smartphone company in China, and they’ve expanded to India, Indonesia, Russia, Vietnam, and the Philippines. And they are already #3 in the world in what IDC calls “Smart Connected Devices,” which combines PCs, smartphones, and tablets.