Lenovo

Lenovo Group Limited
Native name
联想集团有限公司
Liánxiǎng Jítuán Yǒuxiàn Gōngsī
Company typePublic
SEHK992
IndustryComputer hardware
Electronics
Founded1 November 1984 (1984-11-01) (as Legend 联想)
Beijing, China
Founder
Headquarters
Area served
Worldwide
Key people
Yang Yuanqing (chairman & CEO)
Products
RevenueDecrease US$56.863 billion (2024)[6]
Decrease US$2.005 billion (2024)[6]
Decrease US$1.102 billion (2024)[6]
Total assetsDecrease US$38.750 billion (2024)[6]
Total equityIncrease US$6.081 billion (2024)[6]
Number of employees
77,000 (2023)[7]
Subsidiaries
Websitelenovo.com

Lenovo Group Limited, trading as Lenovo (/ləˈnv/ lə-NOH-voh, Chinese: 联想; pinyin: Liánxiǎng), is a Chinese[9] multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, personal computers, software, business solutions, and related services.[5] Its global headquarters are in Beijing, and Morrisville, North Carolina, United States;[3][4] it has research centers at these locations, elsewhere in China, in Stuttgart, Germany, and in Yamato, Japan.[10][11]

Lenovo originated as an offshot of a governmental research institute.[12] Then known as Legend, the company developed numerous electronics before focusing on personal computers. Co-founder Liu Chuanzhi incorporated[2] Legend in Hong Kong in an attempt to raise capital and was successfully permitted to build computers in China.[13] It listed on the Hong Kong Stock Exchange in 1994 and became the largest PC manufacturer in China and eventually in Asia; they were also domestic distributors for HP printers, Toshiba laptops, and others.[13] After the company rebranded itself to Lenovo, it acquired IBM's PC business including its ThinkPad line in 2005, after which it rapidly expanded abroad.[14] In 2013, Lenovo became the world's largest personal computer vendor by unit sales for the first time,[15] a position it still holds as of 2024.[16]

Products manufactured by the company include desktop computers, laptops, tablet computers, smartphones, workstations, servers, supercomputers, data storage devices, IT management software, and smart televisions. Its best-known brands include its ThinkPad business line of notebooks, the IdeaPad, Yoga, LOQ, and Legion consumer lines of notebooks, and the IdeaCentre, LOQ, Legion, and ThinkCentre lines of desktops. Lenovo is also part of a joint venture with NEC, named Lenovo NEC Holdings, that produces personal computers for the Japanese market. The company also operates Motorola Mobility which produced smartphones.

  1. ^ O'Reilly, Lara (1 June 2015). "Lenovo has a new logo that it says is now 'more personal'". Business Insider.
  2. ^ a b "Locations". Lenovo US.
  3. ^ a b "Lenovo". Forbes. Archived from the original on 16 September 2020. Retrieved 9 September 2020. Headquartered in Beijing, it's the world's largest PC vendor by unit sales and fourth biggest smartphone maker.
  4. ^ a b "Lenovo Group Ltd Hong Kong Listing". Bloomberg. Archived from the original on 21 October 2020. Retrieved 9 September 2020. Address: No 6 Chuang Ye Road Shangdi Information Beijing, 100085 China
  5. ^ a b "Locations – Lenovo US". Lenovo. Archived from the original on 6 July 2020. Retrieved 4 July 2020.
  6. ^ a b c d e "2023/24 Annual report" (PDF). Investor relations. Hong Kong: Lenovo Group Limited. Retrieved 9 September 2024.
  7. ^ Lenovo Group Limited Annual Report 2023 (PDF) (Report). Lenovo. Retrieved 26 May 2022.
  8. ^ "It's official: Motorola Mobility now belongs to Lenovo – CNET". cnet.com. Archived from the original on 8 March 2017. Retrieved 25 December 2014.
  9. ^ Multiple sources:
  10. ^ "NFL Sponsor Lenovo Launches Second-Annual Fantasy Coach of the Year Contest". Lenovo StoryHub. Retrieved 20 November 2024.
  11. ^ "Lenovo Accelerates Artificial Intelligence Initiatives to Solve Humanity's Greatest Challenges". Lenovo StoryHub. Retrieved 20 November 2024.
  12. ^ Wei Xie & Steven White (September 2004). "Sequential learning in a Chinese spin-off: The case of Lenovo Group Limited". {{cite journal}}: Cite journal requires |journal= (help)
  13. ^ a b "A computer legend in the making". CNET. Retrieved 20 November 2024.
  14. ^ Holstein, William J. "Lenovo Goes Global". Strategy+business. Retrieved 20 November 2024.
  15. ^ "Gartner Says Worldwide PC Shipments Declined 6.9 Percent in Fourth Quarter of 2013". web.archive.org. 10 January 2014. Retrieved 20 November 2024.
  16. ^ "Gartner Says Worldwide PC Shipments Increased 0.3% in Fourth Quarter of 2023 but Declined 14.8% for the Year". Gartner. 11 January 2024. Retrieved 11 January 2024.

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