Lenovo Introduction Essay

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Lenovo Group Limited is a Chinese multinational computer hardware and electronics company with its operational headquarters in Morrisville, North Carolina, United States and its registered office in Hong Kong. Its products include personal computers, tablet computers, mobile phones, workstations, servers, electronic storage devices, IT management software and smart televisions. Lenovo was officially founded on 1 November 1984. Lenovo's incorporation was approved by the Chinese government on the same day. Jia Xufu is one of the founders of Lenovo had the first meeting in preparation for starting the company was held on 17 October. Only eleven people attended the meeting which are the initial staff of the company. Each of the founders were middle-aged members of the Computer Technology Research Institute. The 200,000 yuan used as start-up capital was approved by Zeng Maochao. The name for the company agreed upon at this meeting was the Chinese Academy of Sciences Computer Technology Research Institute New Technology Development Company. Lenovo’s competitors are Hewlett Packard (HP), Dell and Apple. Lenovo is the world's second-largest PC vendor by 2011 market share (after Hewlett-Packard) and markets the ThinkPadline of notebook computers and the ThinkCentre line of desktops. Lenovo was founded in Beijing in 1984 and incorporated in Hong Kong in 1988 under its previous name, Legend. Lenovo is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng China-Affiliated Corporations Index. Lenovo is the dominant supplier of computers in mainland China and became the world's second largest supplier of personal computersduring the third quarter of 2011. Lenovo held around 13.5% of the worldwide computer market as of October 2011. The company's expansion was boosted in part by a joint venture with NEC in Japan and aggressive marketing to both

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