Lenovo

In: Computers and Technology

Submitted By lucretianight
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History
Lenovo was founded on 1 November 1984 as “Legend” by Liu Chuanzhi and other 10 colleagues members of the government agency “Chinese Academy of Science” with a start up capital of $25,000. Their first substantial attempt failed within the year, as television importers, but the Lenovo group restored itself within a year by conducting quality reviews on computers for new consumers. This was Lenovo’s first and major success. Lenovo succeeds in developing a circuit board that allows IBM Pc's to process Chinese characters. Lenovo’s group moves its headquarters from Beijing, China to Hong Kong in 1988 and in 1990 launches its first Pc on the market changing its roles from that of imported computer retailer, to producer and seller of their computer products.
In 1996,Lenovo becomes the Market share for the first time and presents its first laptop computer and in 1999 the group keeps growing becoming the largest wholesaler in the Asia-Pacific region. Lenovo announces the sale of its 10-millionth ThinkPad notebook PC in 2000 and will share in the Hang Seng index in Hong Kong.
In 2002 Lenovo made partnership with Xiahua Electronics Stock Company, by launching Lenovo mobile phone business. In March 2004, Lenovo joined The Olympic Partner Programme of the International Olympic Committee as the first Chinese company to become the computer technology equipment partner of the IOC for the period from 2005 to 2008. In 2008 Lenovo sold its mobile division to buy it back in November of 2009 at the price of $200 million bringing financial crisis that devastated Lenovo's enterprise business. The company posted a $226 million loss the same year. Yang Yuanqing gave up he’s position as chairman to the past position CEO launching his protect-and-attack strategy to forge a return to profitability.
Now Lenovo Mobile ranks third in terms of market share of mobile phones…...

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Lenovo

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Lenovo

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