Lenovo Group is a 200,000 yuan investment in the Institute of Computing Technology of the Chinese Academy of Sciences in 1984. It was founded by 11 scientific and technological personnel. It is a large enterprise group with diversified development in the information industry in China, and an innovative international technology company . Since 1996, Lenovo's computer sales have ranked first in China's domestic market. As a leader in the global computer market, Lenovo is engaged in the development, manufacturing and sales of reliable, safe and easy-to-use technology products and high-quality professional services to help customers and Partner success. Lenovo mainly produces desktop computers, servers, notebook computers, smart TVs, printers, handheld computers, motherboards, mobile phones, and all-in-one computers.
In 2005, Lenovo Group acquired the IBM PC (Personal Computer) business unit; in 2013, Lenovo's computer sales rose to the top in the world, becoming the world's largest PC manufacturer. In October 2014, Lenovo Group announced that the company has completed the acquisition of Motorola Mobile. Since April 1, 2014, Lenovo Group has established four new and relatively independent business groups, namely PC Business Group, Mobile Business Group, Enterprise Business Group, and Cloud Service Business Group. In August 2016, the All-China Federation of Industry and Commerce released the "2016 China Top 500 Private Enterprises" list, and Lenovo ranked fourth.
In July 2019, the 2019 Fortune Global 500 was released: ranked 212. In September 2019, the 2019 China Top 500 Manufacturing Enterprises was released, and Lenovo Group Co., Ltd. ranked 16th. In October 2019, the 2019 Forbes Global Top 100 Digital Economy ranked 89th. As of the 35th anniversary of Lenovo's founding on November 1, 2019, Lenovo's annual revenue exceeded 350 billion yuan.