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.
Lenovo on Map
|HQ:||Hong Kong (main headquarters)
Beijing, China (global headquarters)
Morrisville, North Carolina, United States (operational headquarters)
|Industry:||Computer hardware and Electronics|
|Products:||Personal computers, smartphones, servers, super computers, peripherals, printers, televisions, scanners and storage devices|
|Founded:||1 November 1984 (as Legend 联想) Beijing|
|Subsidiaries:||Motorola Mobility and Medion|
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.
|Hong Kong||+852 3422 3302|
|China||+86 (10) 5787 2531|
|United States||+1 (855) 253 6686|
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]
Lenovo Group Limited history
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.
Lenovo Group Limited Profile
Lenovo is a multinational technology company. It was founded by Liu Chuanzhi in 1984. The primary headquarters of the company is located in Hong Kong, China. Lenovo also has two more headquarters in China and United States. However, the products of the company are available in around 180 countries. Lenovo mainly specializes in personal computers and hardware components. Lenovo also manufactures laptops, IT management, televisions, workstations, and other computer hardware electronics. Lenovo was founded with the goal to be the leader of personal computer technology. Considering the sales, the company is the largest personal computer vendor.
Products and services:
Personal and business computing
Lenovo is the leader of personal and business computing devices with around 20% market share. Some of its famous laptop series include ThinkPad, IdeaPad, Legion, Yoga, and Xiaoxin, and desktop series are IdeaCentre and ThinkCentre. In this category, Lenovo also has a few tablets series.
Lenovo is also a smartphone manufacturer, but its mobile devices are not popular in the Western world. Lenovo also wants to become a smartphone leader in China. That is why it invested around $800 million to construct a mobile manufacturing unit in China to produce mobile in masses. Still, Lenovo has to improve its smartphones.
In 2011, Lenovo announced that they were going to introduce their first smart television. In 2013, the company partnered with Sharp to produce smart televisions. By 2014, Lenovo’s smart television sales had increased a lot. Currently, the most popular smart television of Lenovo is S9 Smart TV.
In 2014, people were expecting a smart device from Lenovo. In October 2014, Lenovo introduced its first Smartband. This band has basic and some advanced level functionalities like attending calls and responding to text messages, etcetera.
IoT / Smart Home
In the internet of things, Lenovo collaborated with IngDan to produce smart home devices. In 2018, Lenovo launched a couple of smart home devices. However, Lenovo does not have many products compared to other companies working in this field.
Lenovo introduced a roaming device in 2016 at Mobile World Congress. This device can be used for wireless communication in China, Europe, the Middle East, and Africa. Simply, Lenovo Connect is used to avoid purchasing SIM cards while traveling to other countries. The service is typically used in mobile phones, but it is also available on some laptops.
Top 5 Lenovo Group Limited Competitors and Alternatives?
1. Dell Technologies
Dell is an American technology company founded in 1984. It was ranked at 51st in Fortune 500. As of 12th February, its stock price is $59.51. A team of 17 stock analysts predicted the price of Dell Technologies’ stock in the coming 12 months. According to them, its average price was $65 with the highest possibility of $79, and the lowest one was $59. In a nutshell, it received a buy rating from analysts.
Hewlett-Packard, which is commonly known as HP, is a multinational technology company based in the United States. It was founded in 1939. HP is ranked 28th in Fortune 500. Its stock price as of 12th February is $37.33.
According to Gov.capital, its stock price in the first quarter of 2023 will be at least $50. HP is also considered one of the best stocks by investors, and it can be a great alternative to Lenovo.
Apple is another well-known American technology company founded in 1976. In 2021, Apple was ranked 3rd on Fortune 500. It is also one of the BigTech companies of the United States. According to the stock consensus by 37 analysts, in the coming 12 months, the stock price of Apple will be $192 on average. The minimum prediction was $154, and the maximum was $215. It is considered a strong buy as of February 2022.
International Business Machines, commonly known as IBM, is one of the largest American technology companies. IBM was founded in 1911. The company mainly produces computer hardware and software. As of February 2022, IBM’s stock is not a great buy because the stock has been very volatile in the past two years. It is difficult to predict its future price. In the coming months, IBM’s can be a great buy and a perfect alternative to Lenovo’s stock.
Samsung is a Korean Conglomerate Founded in 1938 by Lee Byung-Chul. As of 15th February 2022, its stock price is 73,700 KRW. According to Walletinvestoer.com, long-term investment in Samsung’s stock can give profits around +140%. However, short-term investments in the company are not worth it and can lead to some losses.
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.
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.