Lenovo Group Ltd.

Lenovo Group Ltd.

Lenovo Group Ltd.

Overview
Date Founded

1984

Headquarters

3039 Cornwallis Rd, Durham, NC, 27709, US

Type of Company

Public

Employees (Worldwide)

54K

Industries

Computer Hardware
Wholesale: Technology
Other Business & Consulting Services
Appliances & Electronics
Industrial Machinery & Manufacturing
Computer Software

Company Description

While the Lenovo brand came into existence only in 2004, the company has a much longer history. In 1984, Legend Holdings was formed with 25,000 RMB in a guard house in China. The company was incorporated in Hong Kong in 1988 and would grow to be the largest PC company in China. Legend Holdings changed its name to Lenovo in 2004 and, in 2005, acquired the former Personal Computer Division of IBM, the company that invented the PC industry in 1981. Today, Lenovo is a US$21 billion personal technology company and the world’s second-largest PC vendor. We have more than 26,000 employees in more than 60 countries serving customers in more than 160 countries. A global Fortune 500 company, we have headquarters in Beijing, China and Morrisville, North Carolina, U.S.; major research centers in Yokohama, Japan; Beijing, Shanghai and Shenzhen, China; and Morrisville; and we have manufacturing around the world from Greensboro, North Carolina and Monterrey, Mexico to India, China and Brazil. We create and build exceptionally engineered personal technology, but we are much more than a tech company. We are defining a new way of doing things as a next generation global company. We have our core strength in China, rapid growth in emerging markets and a unique global footprint. Lenovo builds on its dominant position in China to grow globally. The expansion from East to West— introducing our newest products in China and then spreading across the globe— is a new way of viewing the world, one we believe will be the way of the future. That means we are years ahead of the game in terms of understanding what it will take to win 5 or even 10 years from now. That focus on the future is based on a strong history of success that is driving results today. We have momentum. Long the leader in China with more than 30 percent market share in PCs, Lenovo is growing rapidly and winning market share in all parts of the world. Lenovo has realized strong, balanced growth while achieving a number of major breakthroughs. Achieving optimal balance in all that we do is Lenovo’s operating philosophy. This mindset encompasses every aspect of Lenovo’s business, from balancing leadership with consensus-building, to valuing both short- and long-term thinking. As a result, we have created a balanced business model and strategy that take maximum advantage of profit and investment across both core and new businesses. Lenovo has consistently outgrown the worldwide PC market in unit shipments and gained market share across all geographies, products and customer segments, making it the fastest growing of the four major PC companies in the world for two years running. We are the number one PC company in China and now in Japan. We are the number one PC company in the world for large business and the public sector. We have been the fastest growing major consumer PC brand on the planet in the past year. We make the fastest booting notebook in the world. It’s a ThinkPad—and in 18 years, 60 million of them have been sold. We make a smart phone in China and every day our app store there delivers more than 25,000 downloads. We have launched a family of tablets targeting both the consumer and commercial markets internationally. We’re growing in triple digits in the all-in-one market worldwide, funding an application developers’ movement in China, and growing our retail presence from Germany to Japan. Lenovo’s business is built on product innovation, a highly efficient global supply chain and strong strategic execution. The company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services for customers who want technology that does more— because people have a lot more to do. Our product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations and a family of mobile internet devices, including tablets and smart phones. We have a long-term goal of becoming the leading personal technology company in the world. We aspire to achieve this goal by leading in three key areas: Personal Computers: Lead in PCs and be respected for our product innovation and quality. Convergence: Lead the industry with an ecosystem of devices, services, applications and content for people to seamlessly connect to people and Web content. Culture: Become recognized as one of the best, most trusted and most well-respected companies to work for and do business with. And we want to do it the right way— the Lenovo Way— with our own perspective, our own global point of view and our own commitment to building technology for people who view technology as a tool to accomplish great things. Our Values At Lenovo we view our culture as a critical asset as important as an effective business model. We call our culture the Lenovo Way, and at its most basic, that culture is reflected in the statement: We do what we say and own what we do. Our values serve as the foundation of our company and define who we are and how we work. Principal among them are: Serving Customers Trust and Integrity Teamwork Across Cultures Innovation and Entrepreneurial Spirit Our Heritage Lenovo came about as the result of the merger of two of the most storied companies in technology and business: Legend Holdings in China and IBM’s Personal Computing Division in the United States. The merger was heralded as a watershed event in global business with the potential for integrating two disparate cultures, languages, processes and markets. As a result, Lenovo embodies unique market possibilities in combining the best of East and West— joining North American and China-based technology players in the creation of a unified global personal technology leader with growing market positions in developed and emerging markets alike. Everyone at Lenovo takes great pride in our ability to attract top talent from diverse backgrounds, representing a broad collection of nationalities and languages. We view our differences and diversity as a source of strength in building a collaborative culture with one unified language and vision: to build the world’s most exceptionally engineered personal technology products and services.

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Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Marketing Officer & Senior Vice President

Chief Legal Officer & Senior Vice President

President, Latin America

Head-Lenovo Capital & Investment Group

Head, PC & Smart Device Business Unit

President, Cloud Services

Executive Vice President & President of Lenovo China

Senior Vice President & Co-President-Mobile Business

Board of Directors

Chief Executive Officer at Lenovo Group Ltd.

Partner at TPG Capital LLC

Investor at BirdEye, Inc.

Limited Partner at Lead Edge Capital Management LLC

Founding Chairman at Danhua Capital Management LLC

Founding Partner & Chairman at China Broadband Capital Partners LP

Independent Non-Executive Director & Member of the Compensation Committee at Lenovo (United States), Inc.

Executive Director & President at Legend Holdings

Chairman at McKinsey & Co., Inc. (Asia)

Founding Partner at TPG Capital LLC

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Owners & Shareholders
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DNB AM is a GARP-oriented, occasionally contrarian investment manager which uses both active and passive investment processes to invest globally in a variety of asset classes including equity, debt, money market instruments, commodities and alternative investments. They invest across market-caps and sectors, with the bulk of their assets in Norwegian blue chip equity. Research is shared with fellow asset management subsidiaries, in particular through a global program of company visits. Tactical asset allocation is based on a proprietary scenario-generating model developed jointly with academics.The firm's investment approach for fixed-income and money market instruments takes into accounts short-term trends and long-term strategy. Index funds are geared towards maximal cost effectiveness. Actively managed portfolios are diversified, uncorrelated and favor liquid markets. They use disciplined review and exit processes including stop-losses.Their equity investment process is top-down and consists of stock picking informed by market trend analysis and a macroeconomic view. The firm seeks to identify turning points in the evolution of key indicators. They manage diversified and uncorrelated equity portfolios and aim to invest in companies outperforming their peers on a global level. Their alternative portfolios are invested in equity following a long/short strategy.

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JPMW is an active manager which invests in equity and in funds. Their investment process is based on research performed by the group's investment bank analysts. The part of the portfolio invested in funds is managed according to risk exposure. The equity investments are global, including in BRIC countries. JPMW may acquire significant minority stakes and exercise ownership rights.

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Lux Gest Asset Management SA, part of Intesa Sanpaolo SpA, is a company headquartered in Luxembourg, Luxembourg, that provides investment advice. It was founded in 1989. Gianfranco Pizzutto is the CEO, in this role since 2015.

Recent Transactions
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Lenovo Group Ltd. purchases Fujitsu Client Computing Ltd. from Fujitsu Limited

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Lenovo Group Ltd. purchases Lenovo Nec Holdings BV from NEC Corporation

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Lenovo Tecnologia Brasil Ltda. /CCE Bus/Sverner purchases Lenovo Tecnologia Brasil Ltda. /CCE Business from Lenovo Group Ltd.

Transaction Advisors
Accountant

Advised onLenovo Group Ltd. purchases IBM Corp. /Personal Computing Division from International Business Machines Corporation

Legal Advisor

Advised onLenovo Group Ltd. purchases IBM Corp. /Personal Computing Division from International Business Machines Corporation

Legal Advisor

Advised onLenovo Group Ltd. purchases International Business Machines Corp. /Servers X86 Division from International Business Machines Corporation

Associate

Advised onLenovo Group Ltd. purchases Motorola Mobility Holdings, Inc. from Google, Inc.

Associate

Advised onLenovo Group Ltd. purchases Motorola Mobility Holdings, Inc. from Google, Inc.

Associate

Advised onLenovo Group Ltd. purchases Motorola Mobility Holdings, Inc. from Google, Inc.

Advisors & Consultants
Legal Advisor

Co-Chair, Global Intellectual Property Practice Group at Gibson, Dunn & Crutcher LLP

Legal Advisor

Partner at Sidley Austin LLP

Legal Advisor

Partner at Jones Day

Clients

AT&T, Inc. is a holding company, which engages in the provision of telecommunications and digital entertainment services. It operates through the following business segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment provides advanced IP-based services including Virtual Private Networks (VPN); Ethernet-related products; FlexWare, a service that relies on Software Defined Networking (SDN) and Network Functions Virtualization (NFV) to provide application-based routing, and broadband, collectively referred to as strategic services, as well as traditional data and voice products. We utilize our wireless and wired networks to provide a complete communications solution to our business customers. The Entertainment Group segment offers video, internet, voice communication, and interactive and targeted advertising services to customers located in the United States. The Consumer Mobility segment provides nationwide wireless service to consumers, and wholesale and resale subscribers located in the United States. The International segment provides entertainment services in Latin America and wireless services in Mexico. The company was founded in 1983 and is headquartered in Dallas, TX.

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Best Buy Co., Inc. (NYSE: BBY) is the global leader in consumer electronics, with more than 1,400 large and small-format locations, more than 160,000 employees, $50B in annual revenue and the 11th largest retail website in the United States. Our “Blue Shirt” sales associates and Geek Squad agents are the authority on consumer electronics, delivering unbiased, knowledgeable advice hundreds of millions of times a year and offering unmatched support for the lifetime of the products we sell. Shop our competitively priced products and services at http://www.bestbuy.com/ or stop by one of our Best Buy or Best Buy Mobile stores to touch, test and try the latest technology. Since its inception in 1966, Best Buy Co., Inc. (NYSE:BBY) has grown steadily and enhanced its business through inspired innovations. We’re continually transforming into a dynamic, customer-driven, talent-powered company that focuses on enhancing our customers’ enjoyment of technology. Like many companies, we come from humble beginnings. We’ve been challenged signi?cantly from time to time and we’ve learned, changed and grown from each of these challenges. Today, Best Buy operates a global portfolio of brands with a commitment to growth and innovation. Our employees strive to provide customers around the world with superior experiences by responding to their unique needs and aspirations. This commitment to growth and customers has driven strong, consistent earnings growth. Retail is a business that requires constant innovation, new ideas, new ways to delight our customers and new ways to work together. To meet the unique product and service needs of our customers, our stores and operating models are being transformed to shift our focus from product-centric to customer-centric ? a move that poises Best Buy to truly offer the entertainment and technology solutions that meet our customers’ needs, end-to- end.

Key Stats and Financials As of 2018
Market Capitalization
$59.1B
Total Enterprise Value
$68B
Earnings Per Share
$-0.13
Revenue
$354B
EBITDAMargin
2.53%
Enterprise Value Sales
0.19x
Enterprise Value EBITDAOperating
7.6x
TEVNet Income
-45.99x
Debt TEV
0.56x
Three Year Compounded Annual Growth Rate Of Revenue
-0.45%
Five Year Compounded Annual Growth Rate Of Revenue
6.15%
EBITDA
$8.95B
Total Debt
$37.7B
Total Equity
$27.9B
Net Profit
$-1.48B
Investments
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Scale Computing, Inc. develops and manufactures data storage systems. It offers HC3 platform that integrates storage, servers, and virtualization software into an all-in-one appliance based system that is scalable, self-healing and as easy to manage as a single server. The firm also offers solutions for private cloud, VDI, V2V Migration, P2V Migration, file sync and share, disaster recovery and VM Security. The company was founded by Jeffery Ready, Nate Hardt, Ehren Maedge, Peter C. Fuller, Mike Olson, Alan D. Hahn, Jason Collier and Scott Loughmiller in 2008 and is headquartered in Indianapolis, IN.

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Nok Nok Labs, Inc. provides online authentication solutions. It offers S3 authentication suite, SDK, server, technology and evalution request products. The company was founded by Ramesh V. Kesanupalli in November 2011 and is headquartered in Palo Alto, CA.

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Cloudian, Inc. provides cloud storage solutions for service providers and enterprises. Its solutions include backup and archive, media and entertainment, private cloud storage and analytics. The company was founded by Hiroshi Ohta, Scott Driggers and Michael Tso in 2001 and is headquartered in Foster, CA.

Investors
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Co-Founder at New Technology Developer, Inc.

Suppliers
Skyworks Solutions, Inc. Appliances & Electronics | Woburn, Massachusetts

Skyworks Solutions, Inc. engages in the design, development, and manufacture of proprietary semiconductor products. Its product portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, power management devices, receivers, switches, and technical ceramics. The company was founded in 1962 and is headquartered in Woburn, MA.

Integrated Silicon Solution, Inc. Semiconductors | Milpitas, CA

Integrated Silicon Solution, Inc. is a semiconductor company, which designs, develops and markets integrated circuits for the automotive, communications, industrial, medical, and digital consumer industries. Its products include dynamic random access-memory (DRAM), mobile DRAM, static random-access memory, wafer level memory solutions, analog, and flash. The company was founded by Jimmy Shueh Mien Lee and Kong Yeu Han on October 27, 1988 and is headquartered in Milpitas, CA.

Pericom Semiconductor Corp. Semiconductors | San Jose, CA

Pericom Semiconductor Corp. designs, manufactures and develops semiconductor interface integrated circuits. It specializes in integrated connectivity, advanced timing, and signal integrity solutions for the computing, communications, and consumer market segments. Pericom technology offers system design solutions to the challenges presented by high-bandwidth, high-speed serial protocols. The company designs and sells semiconductor chips that connect components inside products such as high-definition TVs, smart phones, notebooks, servers, networking and telecom products, and many other applications within the consumer, computing and communication markets. Its ICs, crystals and crystal oscillators are designed to connect, time and condition high speed serial signals like PCI Express, HDMI/DVI, DisplayPort, SATA/SAS, USB, Gigabit Ethernet and Fibre Channel. Pericom's product line includes SiliconConnect, SiliconSwitch, SiliconInterface and SiliconClock. The company was founded by Chi-Ming Hui and John Chi-Hung Hui in June 1990 and is headquartered in San Jose, CA.

Awards & Honors
2015
Forbes Asia - Asia's Fab 50 List
Sponsored by Forbes Magazine
2014
Forbes Asia - Asia's Fab 50 List
Sponsored by Forbes Magazine