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Chinese multinational technology company with headquarters in Beijing, China and Morrisville, North Carolina, United States. Lenovo has operations in more than 60 countries and sells its products in around 160 countries. Lenovo was founded in Beijing in November 1984 as Legend and was incorporated in Hong Kong in 1988. Lenovo entered the smartphone market in 2012 and as of 2014 was the largest vendor of smartphones in Mainland China. Lenovo is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng China-Affiliated Corporations Index, often referred to as “Red Chips”. Liu Chuanzhi founded Lenovo on 1 November 1984 with a group of ten engineers in Beijing with 200,000 yuan. The Chinese government approved Lenovo’s incorporation on the same day.