|Feb 23, 2018|
|Feb 23, 2018|
Currency in HKD
Computer Processing Hardware
|Full time employees:||52,000|
Lenovo Group Ltd. is an investment holding company, which engages in the developing, manufacturing, and marketing technology products and services. Its products include personal computers, workstations, servers, storage, smart televisions, and mobile products such as smartphones, tablets, and applications. The company was founded in 1984 and is headquartered in Hong Kong.
Lenovo Group of China is the world's largest maker of personal computers. The company has recently been expanding its business in the peripheral fields, such as smartphones, tablet computers and enterprise servers, focusing on its so-called PC Plus strategy to diversify its product portfolio. The company is also stepping up efforts to develop wearable gadgets, aiming to become an all-around manufacturer in the information technology field.
Founded by Liu Chuanzhi and his colleagues, Lenovo began as a PC sales unit in 1984, when Liu was a researcher at the state-run Chinese Academy of Sciences. In the 1990s, the company started selling PCs under its own brand, building up sales by offering prices lower than those of its rivals. By the late 1990s, it had claimed the top share of the domestic PC market.
Lenovo made big strides in the global market after acquiring the PC business of U.S. technology powerhouse IBM in 2005. The company has rapidly expanded its overseas sales, helped by the global popularity of the ThinkPad brand, originally developed by IBM.
Lenovo is also known for aggressively pursuing mergers and acquisitions. In 2011, it merged its PC operations with those of Japanese IT solutions provider NEC, launching a PC joint venture in Japan. In 2014, the Chinese company bought the Motorola's smartphone business from U.S. search giant Google.
Chinese investment company Legend Holdings, which Liu heads, holds slightly more than 30% of Lenovo's outstanding shares. Lenovo is also known for its close ties with the Chinese government, a relationship that has been a source of Internet security concerns in the U.S. and Europe. Ensuring management transparency is seen as a main challenge facing the company as it grows.
In the news
February 20, 2018 7:08 am JST
Key iPhone assembler unveils slew of expansions plans, including new LCD plants
February 15, 2018 10:00 am JST
Move shows US giant's resolve to strengthen its internet of things business
February 13, 2018 9:28 pm JST
February 12, 2018 4:05 pm JST
iPhone assembler outlines plans for Shanghai IPO of major unit to finance expansion
February 12, 2018 1:30 am JST
Hang Seng Index struggles to stay above 31,000 in choppy trading
February 7, 2018 2:12 pm JST
- Local currency
- US Dollar
|Income before tax||3,635.20M|
|Dividends per share||0.26|
|Operating cash flow||16,963.36M|
Currency in HKD
|Income before tax||468.51M|
|Dividends per share||0.03|
|Operating cash flow||2,186.29M|
Currency in USD
- Chairman & Chief Executive Officer: Yuan Qing Yang
- President & Chief Operating Officer: Gianfranco Lanci
- Chief Financial Officer & Executive Vice President: Wai Ming Wong
- Chief Information Officer: Arthur Hu
- Chief Technology Officer & Senior Vice President: Yong Rui
- Legend Holdings Corp.(29.1%)
- Union Star Ltd. (Kayman Islands)(7.5%)
- YANG YUAN QING(5.8%)
- The Vanguard Group, Inc.(2.0%)
- DNB Asset Management AS(1.5%)
- BlackRock Fund Advisors(1.3%)
- BlackRock Advisors LLC(1.3%)
- BlackRock Investment Management LLC(1.2%)
- Lazard Asset Management LLC(1.0%)
- JF Asset Management Ltd.(0.8%)
- Website: http://www.lenovo.com
- Address: 23rd Floor, Lincoln House, Taikoo Place, 979 King's Road, Hong Kong, Hong Kong
- Phone: +852.2590.0228
Copyright © 2018 FactSet Research Systems Inc. All rights reserved.