Lenovo is one of the world's leading personal technology companies, producing innovative PCs and mobile internet devices.
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$47 billion personal technology company with more than 57,000 employees (including joint ventures) in more than 60 countries serving customers in more than 160 countries. Lenovo has major research and manufacturing centers in countries around the world.
Lenovo has grown faster than the market for more than four years because their exceptionally engineered products are meant for those who do. Lenovo's customers use innovation to bring progress to the world, and they design and build their products with this in mind, taking inspiration from the drive and imagination of the people who make things happen. Lenovo's technology helps those who do, do better.
Whether a PC, smartphone, tablet, smart TV, server, workstation or storage, Lenovo makes the products that customers need, whether smart connected or infrastructure devices Lenovo is creating real differentiation from the competition thanks to its vertically integrated end-to-end business model. This model is unique among major technology companies and is a significant source of competitive advantage, helping them to bring more innovation to market, more efficiently, and aggressively attack the PC+ opportunity.
And as Lenovo expands globally, they are establishing even deeper roots in each major market, investing not only in sales and distribution, but also in local domestic manufacturing, R&D and other high-value functions. This global reach with local excellence is enabling Lenovo to build a new kind of company - a "global-local" company - and positions them to more deeply implement their protect and attack strategy and build the foundation for long-term success.