Legend Holdings Corporation history, profile and history video
Legend Holdings Corporation is a Chinese investment holding company headquartered in Beijing, China. It is the controlling shareholder of its associate company, the Lenovo Group.
Lenovo was originally Legend Computer, until the English name was changed in 2004. Its Chinese name however remains the same.
The company was founded in 1984 by Liu Chuanzhi and 10 other researchers with funding from the Computing Institute of the Chinese Academy of Sciences.
In 1985, Legend launched its first hit product, the Chinese Character Card.
Since 1986, Legend had worked as an agency for IBM, AST, HP and other international PC brands.
In 1990, the proprietary PC (Legend 286) was launched in the domestic market.
In 1994, the PC Division was set up and Lenovo was listed in Hong Kong.
In 2001, the company spun off into Lenovo to be engaged in own-branded business and Digital China to specialize in agency services, distribution and system integration.
In 2003, Legend changed the corporate logo from ”Legend” to ”Lenovo”. “LE” refers to the old English name of “LEGEND”; “NOVO” is an ancient Latin etymology which means innovation; therefore the new name “LENOVO” carries the implication of “innovative Legend”.
In 2004, Lenovo successfully acquired IBM’s PC business to enter the global arena and compete with international rivals, making it a successful case when Chinese companies ‘going global’.
In 2010, Legend Holdings invested in Lakala.
In 2014, Lenovo completed the acquisition of Motorola Mobility.
In 2014, Lenovo completed the acquisition of the IBM x86 server business.
In 2014, Legend Holdings invested in Bybo Dental Group.
In 2016, Legend Holdings invested in KB Seafoods Company.
In June 2016, Legend Holdings invested in Pension Insurance Corporation Group (PIC).
In 2017, Legend Holdings invested in Better Sun Education.
In 2018, Legend Holdings invested in Banque Internationale à Luxembourg.
In 2020, Legend Holdings invested in Hyundai Insurance.
BUSINESSES
Strategic investments and financial investments are the principal business of Legend Holdings.
STRATEGIC INVESTMENTS
Strategic investments focus on five sectors: IT, financial services, innovative consumption & services, agriculture & food, and advanced manufacturing and professional services.
IT
Lenovo – a global Fortune 500 company and a leader in providing innovative consumer, commercial and enterprise technologies.
Financial Services
BIL, Lakala, Zhengqi Financial, JC Leasing, Koala Technology, Hankou Bank, Hyundai Insurance, UIB, etc.
Innovative Consumption and Services
Better Sun Educational Group, EAL, BYBO Dental Group, Shanghai Neuromedical Center, Zeny Supply Chain, etc.
Agriculture and Food
Taking Joyvio Group – a platform to focus on developing two major supply chains of fresh fruits and animal protein.
Advanced Manufacturing＆Professional Services
Levima Group is dedicated to make high-performance products in the fields of advanced materials and specialty chemicals.
Eastern Air Logistics Co., Ltd.
Zeny Supply Chain
FINANCIAL INVESTMENTS
Through angel investment, venture capital and investment management as the core businesses of financial investments, Legend Holdings has built a holistic financial investment industry chain, to discover opportunities at various stages of the enterprise’s lifecycle, helping the invested companies realize value growth.
Angel Investments
Legend Star, founded in 2008, currently manages approximately over RMB 3 billion angel investment funds, and has invested in more than 300 projects. Venture Capital
Legend Capital, founded in 2001, is the independent Venture Capital investment subsidiary funded under Legend Holdings. The core business of Legend Capital is early-stage Venture Capital and expansion-stage Growth Capital investment.
Investment
Hony Capital, founded in 2003, is a leading investment management company that specializes in private equity buyout and expands into areas including real estate, hedge fund (Goldstream), mutual fund (Hony Horizon Fund) and venture capital.
Direct Financial Investments
Short- and medium-term investments at the primary market, the secondary market and the intermediate market between those two are set to be absolute-value-oriented so as to structure a portfolio with higher liquidity.
Investment Properties
Raycom Property Investment Co., Ltd., founded in 2001, is a wholly-owned subsidiary company specializing in developing, holding and operating Raycom Infotech Park, the commercial park located at the Zhongguan Software Park in Haidian District in Beijing.
With more than 87,000 employees, Legend Holdings Corporation is considered one of the largest industrial investment and operations companies in China. According to Forbes, it is considered one of the Top 2000 Largest Public Companies in the world.
*Information from Forbes.com, Wikipedia.org, and www.legendholdings.com.
**Video published on YouTube by “Banque Internationale à Luxembourg“.