Legend Holdings Corporation is a Chinese investment holding company headquartered in Beijing. The company operates as the controlling shareholder of Lenovo Group, the world’s largest personal computer manufacturer by market share.
Founded in 1984 with funding from the Chinese Academy of Sciences, Legend Holdings has grown from a small computer startup into a diversified investment powerhouse. The company manages strategic investments across IT, financial services, agriculture, healthcare, and advanced manufacturing.
Legend Holdings trades on the Hong Kong Stock Exchange under stock code 3396. The company has invested in over 270 AI-related enterprises and manages assets exceeding RMB 300 billion through its venture capital and private equity arms.
Legend Holdings History
Legend Holdings Co-founders
Legend Holdings Revenue
Legend Holdings generated revenue of RMB 512.8 billion in 2024, up 18% from the previous year. Lenovo accounts for the largest share of consolidated revenue, followed by Levima Advanced Materials and financial services units.
Legend Holdings Competitors
Legend Holdings competes with diversified investment holding companies across Asia and globally. These include state-backed Chinese conglomerates and international private equity firms with similar multi-industry portfolios.
| Company | Headquarters | Primary Focus |
|---|---|---|
| Fosun International | China | Insurance, Healthcare, Tourism |
| CITIC Limited | China | Financial Services, Manufacturing |
| CK Hutchison Holdings | Hong Kong | Ports, Retail, Infrastructure |
| China Merchants Group | China | Shipping, Banking, Real Estate |
| China Resources Holdings | China | Consumer, Healthcare, Energy |
| Dalian Wanda Group | China | Real Estate, Entertainment |
| SoftBank Group | Japan | Technology Investments |
| Temasek Holdings | Singapore | Sovereign Investments |
| Fairfax Financial | Canada | Insurance, Investments |
| Power Corporation | Canada | Financial Services |
Legend Holdings Market Cap
Legend Holdings has a market capitalization of approximately HK$21 billion as of December 2025. The stock trades on the Hong Kong Stock Exchange under code 3396. Market value has declined from peak levels following the 2015 IPO.
Legend Holdings Acquisitions
Legend Holdings pursues strategic investments rather than traditional acquisitions. The company takes significant stakes in target companies and provides management expertise, capital, and operational support to grow their value over time.
The most significant deal in Legend Holdings history came through Lenovo in 2004 when the subsidiary acquired IBM’s Personal Computing Division for $1.75 billion. The deal made Lenovo the third-largest PC manufacturer globally and gave it ownership of the ThinkPad brand. In 2014, Lenovo completed two more major acquisitions: Motorola Mobility from Google for $2.91 billion and IBM’s x86 server business for $2.1 billion.
Legend Holdings directly invested in Lakala Payment in 2010, building one of China’s largest third-party payment platforms. The company acquired a controlling stake in Bybo Dental Group in 2014 for approximately RMB 1 billion, entering China’s private healthcare market. Bybo has expanded to over 180 clinics across 24 provinces.
In the food sector, Legend Holdings built Joyvio Group through investments in blueberry and kiwifruit farms across China, Chile, and other countries. The company invested in KB Seafoods in 2016 to enter the animal protein supply chain. These agriculture investments represent Legend’s strategy to capture China’s growing consumer spending on premium food products.
Legend Holdings expanded into European banking by acquiring a stake in Banque Internationale à Luxembourg in 2018. The company also invested in Pension Insurance Corporation in the UK and Hyundai Insurance in South Korea. Through its Hony Capital arm, Legend has deployed approximately $7 billion into private equity investments including a stake in STX Entertainment in Hollywood.
FAQs
Who founded Legend Holdings?
Liu Chuanzhi and 10 researchers from the Chinese Academy of Sciences founded Legend Holdings in 1984 in Beijing with initial capital of RMB 200,000.
Does Legend Holdings own Lenovo?
Yes, Legend Holdings holds a 30.6% stake in Lenovo Group, making it the largest shareholder of the world’s biggest personal computer manufacturer.
What businesses does Legend Holdings invest in?
Legend Holdings invests in five strategic sectors: IT, financial services, innovative consumption and services, agriculture and food, and advanced manufacturing.
When did Legend Holdings go public?
Legend Holdings completed its initial public offering on the Hong Kong Stock Exchange in June 2015, raising HK$15.16 billion at a price of HK$43 per share.
Where is Legend Holdings headquartered?
Legend Holdings Corporation is headquartered in Beijing, China. The company operates investments across Asia, Europe, and North America through various subsidiaries.
