Lenovo: Chinese Multinational Technology Company
From its humble beginnings in 1984 to becoming a global presence in over 160 countries, Lenovo has come a long way, emerging as one of the leading Chinese multinational technology companies. Its success journey is a testament to the company’s commitment to innovation, customer service, and corporate social responsibility.
Lenovo
Lenovo is a Chinese multinational technology company headquartered in Beijing, China. It was founded in 1984 by eleven engineers and scientists Zhao Yuanqing and Liu Chuanzhi as New Technology Developer Inc. (also known as Legend) with a mission to “provide computers with the best user experience, highest quality, and greatest reliability at attractive prices.” The company specializes in producing and marketing personal computers, workstations, servers, storage devices, IT management software, and smart TVs. It is also one of the world’s largest vendors of PCs and maintains the world’s largest data center.
Lenovo’s History
Originally initiated as a small research project at the Academy of Sciences in Beijing, Lenovo was founded in the fall of 1984 by eleven engineers led by Chinese entrepreneur and computer scientist, Liu Chuanzhi. In the early days, Lenovo relied on components from foreign suppliers for assembling its computers and was heavily funded by the Institute of Computing Technology of the Chinese Academy of Sciences.
In 1988, Lenovo began operations in the Czech Republic and started to develop its own products and research and development (R&D) capabilities. By the end of the year, the company had become the leading PC manufacturer in China, topping even IBM’s market share.
In 2003, the company merged with IBM’s Personal Computing Division and successfully acquired the rights to the ThinkPad line of notebooks and ThinkCentre line of desktop computers. This marked an important milestone in Lenovo’s transformation from a small local company to an international technology giant.
Lenovo’s Global Presence
Today, Lenovo is one of the world’s largest PC suppliers and the largest IT company in China. The company has operations in more than 160 countries and employs over 50,000 professionals in 57 countries, making it one of the most deeply geographically diversified companies in the world.
Lenovo has leading market positions in the Americas, China, Japan, Europe, the Middle East and Africa, Asia Pacific, and India, across both consumer and commercial segments. Its product portfolio includes PCs, servers, storage, software and enterprise solutions, gaming, mixed reality products, wearables and smart home solutions, as well as automated data centers and smart buildings.
Lenovo’s Commitment to Innovation, Quality and Customer Service
At the core of Lenovo’s corporate philosophy is a commitment to innovation, quality, and customer service. To remain competitive in the face of rapidly changing technology trends and customer needs, the company focuses on technological innovation, leading to the introduction of cutting-edge products and services.
To ensure the highest quality levels, Lenovo works tirelessly to improve its manufacturing and logistics processes. Constant investments in research and development and increased automation have enabled Lenovo to increase its supply chain efficiency and reduce time to market.
The company has been consistent in its delivery of outstanding customer service. Its customer service centers are staffed by trained experts, and its website dedicated to after-sales support features detailed product information and troubleshooting guides.
Lenovo’s Corporate Social Responsibility
Lenovo understands the power of giving and is committed to making a positive difference in the communities where its employees and customers live and work. To this end, the company contributes both time and resources to charitable and educational programs.
The company also leads the industry in reducing its impact on the environment through energy saving programs and the use of sustainable materials and emerging technologies. Lenovo’s eco-conscious mindset ensures that the company’s products and operations are not only profitable, but also provide benefits to people and the environment.
Since its establishment in 1984, Lenovo has cemented its position as one of the world’s leading Chinese multinational technology companies. A commitment to innovation, customer service and corporate social responsibility has enabled it to stay ahead of the competition and remain a leader in its industry. As the company looks to the future, it is well positioned to continue to drive growth across its broad array of product categories.
