Lenovo grew to become the market leader in China and raised nearly US$30 million in an initial public offering on the Hong Kong Stock Exchange. Initially specializing in televisions, the company migrated towards manufacturing and marketing computers. Lenovo was founded in Beijing on 1 November 1984 as Legend by a team of engineers led by Liu Chuanzhi and Danny Lui. As of 2021, Lenovo is the world's largest personal computer vendor by unit sales. Its best-known brands include its ThinkPad business line of laptop computers (acquired from IBM), the IdeaPad, Yoga, and Legion consumer lines of laptop computers, and the IdeaCentre and ThinkCentre lines of desktop computers. Products manufactured by the company include desktop computers, laptops, tablet computers, smartphones, workstations, servers, supercomputers, electronic storage devices, IT management software, and smart televisions. Lenovo Group Limited, often shortened to Lenovo ( / l ə ˈ n oʊ v oʊ/ lə- NOH-voh, Chinese: 联想 pinyin: Liánxiǎng), is a Chinese multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, personal computers, software, business solutions, and related services.
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