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Lenovo Group Limited, trading as Lenovo (/ l ə ˈ n oʊ v oʊ / 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, servers, converged and hyperconverged infrastructure solutions, and related services. [5]
Liu founded Lenovo (originally called Legend), in 1984 with a group of ten other engineers in Beijing with 200,000 yuan and an office roughly 20 square yards in size. Liu came up with the idea to start Lenovo in response to a lack of funding at the Chinese Academy of Sciences (CAS). Liu's superior arranged for the academy to loan him and the ...
In 2014, Lenovo was the world's largest personal computer vendor by unit sales. [17] It markets the ThinkPad line of notebook computers and the ThinkCentre line of desktops. [18] Legend Holdings is the largest shareholder of Lenovo, holding 30.6 percent of Lenovo's equity. [19]
By 1990, Taiwanese companies manufactured 11% of the world's laptops. That percentage grew to 32% in 1996, 50% in 2000, 80% in 2007 and 94% in 2011. [7] [8] The Taiwanese ODMs have since lost some market share to Chinese ODMs, but still manufactured 82.3% of the world's laptops in Q2 of 2019, according to IDC. [9] Major relationships include: [10]
In 1994, Lui led Legend (Lenovo) through a successful IPO on the Hong Kong Stock Exchange and the company is currently the largest PC manufacturer in China. [2] Three years later, Lui founded APTG Ventures, his first venture fund focusing on high-tech investments in Silicon Valley and China. The fund has since been received with relative ...
Country Brand Notes Canada: Jeotex (Datawind) Bankruptcy in 2021 China: Gionee: Bankruptcy in 2018, acquired by Karbonn Mobiles: ZUK Mobile: Subsidiary of Lenovo, defunct in 2017 Germany: AEG: BenQ Mobile: Bankruptcy in 2006, defunct in 2007 Grundig Mobile: Hagenuk Telecom GmbH
Parent company Country of origin Year of market entry Year of market exit Fate Note(s)/ ref(s). 3R Computers: Orange Nassau Electronics (1985–1992) United States: 1981: 1992: Acquired by Digital Communications Associates: Acorn Computers — United Kingdom: 1978: 1998: Acquired by Morgan Stanley and reorganized as Element 14: Action Computer ...
Lenovo's existing smartphone division was subsumed by Motorola Mobility. [9] The company currently sell a range of smartphones, mainly consisting of the high-end Edge series, the Razr series of foldables, the Moto G series, and the budget Moto E series, as well as a number of other series and products depending on region. As of 2024, its ...