Lenovo

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Lenovo

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Lenovo Group Limited
Native name
联想集团有限公司
Public
Traded as SEHK992
OTC PinkLNVGY
Industry Computer hardware
Electronics
Founded 1 November 1984; 36 years ago (as Legend 联想)
Beijing
Founder Liu Chuanzhi
Headquarters Beijing, China
(global headquarters)[1][2]
Hong Kong, China
(legal domicile)
MorrisvilleNorth Carolina, US (operational headquarters)[3]
Area served
Worldwide
Key people
Yang Yuanqing (Chairman & CEO)
Products Smartphonesdesktopsserversnotebookstablet computersnetbookssupercomputersperipheralsprinterstelevisionsscannersstorage devices
Revenue Decrease US$ 50.71 billion (2020)[4]
Increase US$ 1.438 billion (2020)[4]
Increase US$ 804 million (2020)[4]
Total assets Increase US$ 32.12 billion (2020)[4]
Total equity Decrease US$ 4.059 billion (2020)[4]
Owner Legend Holdings (30.6%)
Number of employees
~63,000 (2020)[4]
Subsidiaries Motorola Mobility[5]
ZUK Mobile (defunct)
Medion
Website www.lenovo.com

Lenovo Group Limited, often shortened to Lenovo (/lɛˈnv/ leh-NOH-voh), is a Chinese[6] multinational technology company. Incorporated in Hong Kong, it has global headquarters in Beijing, China,[1][2] operational headquarters in MorrisvilleNorth Carolina, US, and an operational center in Singapore.[7][8] The company designs, develops, manufactures, and sells personal computerstablet computerssmartphonesworkstationsserverssupercomputerselectronic storage devices, IT management software, and smart televisions, and is the world's largest personal computer vendor by unit sales as of July 2020.[9] It also markets the ThinkPad and ThinkBook business lines of notebook computers; IdeaPadYoga, and Legion consumer lines of notebook laptops; and the IdeaCentre and ThinkCentre lines of desktops.

Lenovo has operations in over 60 countries and sells its products in around 180 countries. It has research centers in Beijing, ChengduYamato (Kanagawa Prefecture, Japan), ShanghaiShenzhen, and Morrisville (North Carolina, US),[10] and also has Lenovo NEC Holdings, a joint venture with NEC that produces personal computers for the Japanese market.

Lenovo was founded in Beijing in November 1984 as Legend, and was incorporated in Hong Kong in 1988. Lenovo acquired IBM's personal computer business in 2005 and agreed to acquire its Intel-based server business in 2014. Lenovo entered the smartphone market in 2012 and as of 2014 was the largest vendor of smartphones in mainland China. In 2014, Lenovo acquired Motorola Mobility from Google. In 2017, Lenovo acquired Fujitsu's personal computer business.[11][12]

Lenovo is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng China-Affiliated Corporations Index, often referred to as the "red chip" stocks.