Lenovo Group Limited

Lenovo Group Limited is the largest computer manufacturing company in its home country, China. When it acquired IBM's PC operations in 2005, it broke into the international market and is currently the fourth largest PC manufacturer in the world. With its acquisition of IBM, Lenovo is now the rightful producer of the popular ThinkPad line of notebook computers.

Key Dates

  • 1984: 11 engineers, led by Liu Chuanzhi, found company as Legend Group Ltd.
  • 1988: Listed holding company, New Technology Developer Incorporated, incorporated in Hong Kong
  • 2005: Purchases IBM's PC division for $1.27 billion, $655 million in cash and the remaining in Lenovo stock
  • May 1, 2005: IBM owns 19.9% of Lenovo
  • 2007: Earns Greenpeace's award for most environmentally-friendly electronics company

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