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The company was founded in 1984 under the name “Legend” by Liu Chuanzhi. As of 2022, the company operates in over 60 countries, and its products are sold in almost every country.

Some of the areas where Lenovo specializes include personal computers, smartphones, laptops, supercomputers, server computers, and storage devices. Lenovo smartphones are not much popular and are mostly not available in a lot of countries. However, the company specializes in PCs, and nearly 80% of the revenue of the company comes from personal computers. The Lenovo’s corporate headquarters is located in China, Hong Kong, and the United States.

General Information

Where is Lenovo corporate headquarters located?

The Lenovo’s corporate headquarters is located in Quarry Bay, Hong Kong. Lenovo’s operational headquarters are located in Morrisville, North Carolina, United States, and its global headquarters are located in Beijing, China. Besides headquarters, the company has 16 corporate offices in 7 countries.

Where is Lenovo corporate headquarters in the US?

The address of Lenovo’s corporate headquarters in the United States is given below.

Address: 5221 Paramount Parkway, Morrisville, North Carolina, United States

How do I contact the Lenovo corporate office?

The contact numbers of Lenovo’s corporate offices are given below.

How do I contact Lenovo by email?

Lenovo has no email address to deal with general queries. However, for escalations, their email address is given below.

Email: [email protected]

Company History

1984–1993: Founding

In 1984, Liu Chuanzhi founded a company named New Technology Developer, Inc. with a team of around ten engineers. They only had 200,000 Yuan to operate the company. A meeting for the preparation of the company was conducted on 17th October 1984. In 1985, the structure of the company was decided.

In 1988, the company started hiring employees. Around 58 employees were hired, and one of them was Yang Yuanqing, who is the current CEO of the company. In the same year, Liu took permission from the government and moved to Hong Kong to establish a subsidiary. In 1990, Lenovo introduced its first personal computer, which was an immediate success.

1994–1998: IPO, second offerings and bond sales

In 1994, Lenovo became a publicly-traded company under the name “Legend” by its IPO at SEHK. The company raised around $30 million by IPO. On that day, the highest stock price was HK$2.07, and the closing price was HK$2.

Lenovo became the leader of personal computers in China in 1996. In 1998, around 43% of the personal computer market share was of Lenovo’s. In the same year, Lenovo released the Tianxi computer.

1999–2010: IBM purchase and sale of smartphone division

In 2000, Lenovo offered 50 million shares of SEHK and raised around $212 million. In 2003, the company’s name was changed from Legend to Lenovo. Lenovo acquired IBM’s personal computer division for $1.25 billion in 2005. In this deal, IBM got 50% of the equity of Lenovo. At this time, Lenovo was one of the largest PC companies in the world. In 2008, Lenovo sold its smartphone division for $100 million in order to focus more on personal computers, but in 2009, they bought it back for $200 million.

2011–2013: Re-entering smartphone market and other ventures

In 2011, Lenovo announced a plan to form a new company named Lenovo NEC Holdings with NEC. Lenovo would have a 51% stake in the company, and NEC will receive $175 million. This was done to boost the personal computers’ sales in regions other than Southeast Asia.

In the same year, Lenovo announced that they were going to acquire Medion. It is a German electronics manufacturing company. Lenovo was the first Chinese company to acquire a German company completely.

In 2012, Lenovo acquired Digibras, a Brazilian electronics manufacturer, for $148 million. In the same year, Lenovo acquired an American software company named Stoneware. In this case, no acquisition details have been made public.

In 2012, the company again entered the smartphone industry and became a leader the same year. Lenovo also invested $793 million for the research and development of smartphones.

2014–present: Purchase of IBM server lines and other acquisitions

In 2014, Lenovo purchased server lines from IBM. Lenovo closed the acquisition of IBM’s server division by paying $2.1 billion in 2014. There were few hurdles in approving this deal from the United States because of their firm policies.

In January 2014, Lenovo bought Motorola Mobility from Google for $2.91 billion. In this deal, Google did not sell 2,000 patents of Motorola. The headquarters of Motorola Mobility is still situated in Chicago, United States.

Lenovo purchased 3,800 patents from NEC in 2014. The current logo of Lenovo was adopted by the company in 2015. According to the company, this new logo is more easily adaptable for them.
By 2015, Lenovo became the world’s largest personal computer manufacturer and third-largest smartphone producer. In 2017, Lenovo announced its plan to partner with Fort Lauderdale, which is a storage technology company.

In 2018, Lenovo formed another joint venture with NetApp. In the same year, Lenovo was ranked 1st on Top500 supercomputers. In 2020, Lenovo provided a data center to DreamWorks Animation.

Top 5 Lenovo Group Limited Competitors and Alternatives?

FAQ’s

1. When did Lenovo Group Limited go public?

Lenovo became a publicly-traded company in 1994. It raised around $30 million with its IPO. Its stock symbol on SEHK is 0992, and on OTC Markets Group, its symbol is LNVGY.

2. Does Lenovo Group Limited pay dividends?

Yes, Lenovo Group does pay dividends. The quarterly dividend amount is 0.08 HKD, and the annual dividend yield is 3.74%.

3. Where are Lenovo laptops manufactured?

The majority of the Lenovo laptops are manufactured in China and Mexico. Some laptops are also manufactured in Japan.

4. Are Lenovo laptops made in the USA?

A few of Lenovo’s laptop series, including ThinkPad and ThinkCentre, are manufactured in North Carolina, United States, but most of the laptops are not made in the USA.

5. How do I check my Lenovo laptop specs?

Visit this link. Enter your laptop’s product number, and you will get a specifications table.

6. Is Lenovo better than Dell?

If you are looking for something inexpensive, Dell is a great option, but if you want innovative technology and great processing power, then Lenovo is for you.

7. What is a ThinkPad used for?

ThinkPad is a series of laptops by Lenovo. These laptops are typically used for office or business work.

Executive Summary

In this article, we discussed Lenovo Group Limited. We explained its business model, history, company profile, interesting facts, competitors, and much more. In the short period of its presence, Lenovo has established a great name in the market. Today, Lenovo is one of the well-known technology companies in the world. For the future, Lenovo also has great plans, and the company looks very optimistic about its future. So, in short, Lenovo is a successful company, and it is going to achieve more in the coming time.