Lenovo is a multinational technology company that designs, develops, manufactures, and sells personal computers, smartphones, tablets, workstations, servers, electronic storage devices, IT management software, and smart televisions. The company depends on Beijing, China, and has a global presence, with operations in over 60 countries and a workforce of over 60,000 employees.
Lenovo was founded in 1984 in Beijing, China, as Legend Holdings by Liu Chuanzhi, a computer scientist. The company initially fixated on selling computer parts and accessories in China. In 1990, Legend Holdings introduced its own brand of PCs, known as Legend, which quickly became a leading brand in China. In 2004, the company changed its name to Lenovo and extended its operations internationally by acquiring IBM’s personal computer business.
Lenovo is a widely traded company and is listed on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange. The largest shareholder of Lenovo is Legend Holdings, which holds a 28.06% stake in the company. Later, Lenovo Group’s net worth as of December 16, 2022, is $10.01B.
Lenovo’s headquarters is in Beijing, China, at the following address:
Lenovo Group Limited 23/F, Lincoln Yung Loong Center No. 2 Fuchengmenwai Street Xicheng District, Beijing 100037 China.
Lenovo Net Worth
According to Forbes, Lenovo had a net worth of $13.5 billion as of March 2021. Lenovo’s revenue for the fiscal year 2020 was $50.7 billion, with a net income of $665 million. The company’s market capitalization as of March 2021 was $16.7 billion.