• Lenovo
  • Legend Capital
  • Hony Capital
  • Raycom Real Estate
  • Joyvio Group
  • Funglian Holdings
  • Levima Group
  • Zhengqi Anhui Financial Holding Co., Ltd.
  • Zeny Supply Chain
  • Beijing EnsenCare Holding Co., Ltd.
  • Union Insurance Broker Co., Ltd.
  • Lakala Payment Co., Ltd.
  • Phylion Battery
  • China Auto Rental (CAR)
  • Bybo Dental Group
  • Shanghai Huge Enterprises (Group) Co., Ltd.
  • Legend Star


stock code: Legend Holdings(3396.HK)

Our History

With its predecessor founded in 1984, Legend Holdings, under the leadership of Mr. Liu Chuanzhi, has grown through its continuous pursuit of higher goals. It has undergone three stages of development, expanding from a single IT industry into diversified businesses, and then transformed into an international conglomerate.

Legend Holdings is committed to the mission of serving the country and society through building outstanding enterprises in multiple industries.

After 30 years of practices and explorations, Legend Holdings has achieved breakthroughs in four aspects:

Firstly, Legend Holdings has explored and pioneered a way with Chinese features of high-tech commercialization under research institutions. Lenovo’s development practice, Legend Holdings’ venture capital investments, entrepreneur trainings, and angel investment business are all facilitating and propelling the growth of technology enterprises in China.

Secondly, based on the domestic market of China, Legend Holdings stood out in the competition with multinational PC giants, stimulated the growth of a large group of domestic IT companies. Later, Lenovo’s success in its internationalization, as well as the overseas investments and mergers carried out by other member companies of Legend Holdings , have built up valuable experiences for other Chinese companies “going global”.

Thirdly, as a state-owned high-tech enterprise, Legend Holdings has reformed into a limited liability company, making employees the owners of the Company and laying a solid foundation for the long-term development of the company. In addition, it has set a pioneering example of mechanism reform for other hi-tech companies under Chinese science research institutions.

Fourthly, Legend Holdings has summed up a set of rules of corporate management centering on the “Three Management Keys,” and the investment philosophy of “prioritize the business and emphasis the people”. It has also nurtured a group of excellent leaders, who form the core competitiveness of Legend Holdings and have achieved the leading positions in multiple industries.

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Development in the IT Sector


Diversified Development


Investment Group


Listed company

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Summary: In 1984, Mr. Liu Chuanzhi and 10 other researchers founded Legend with funding from the Institute of Computing Technology Chinese Academy of Sciences (CAS). They first gained capital and enterprise management experiences through trade practices. From the launch of their first hit product, a Legend Chinese Character Card for computers, to the launch of their own brand of personal computers and maintain a high growth speed, Legend has gone through twists and turns in its history of development. Lenovo computers acquited the largest market share in the Mainland China market in 1997 and secured the top position in the Asia and Pacific (excluding Japan) in 2000. In addition, Legend’s IT product distribution business has been maintaining its No. 1 position in China.

Meanwhile, Legend constantly reflects on the foundamental rules of corporate management in its practices, and formed the “Three Management Keys” (“to build a strong team of leaders, develop the correct strategies and take people with you”). Through an innovative approach, the company advanced the reform of its mechanism, which brought vigor and vitality to the company. Meanwhile, it nurtured a generation of leaders and excellent talents, including Yang Yuanqing, Guo Wei, Zhu Linan, etc. Through continuous exploration and practices, the company found a unique way (“trade-manufacturing-technology”) to commercialize high-tech research results, which laid a solid foundation for its further development, and built up valuable experiences and lessons for China’s high-tech industry.

In 1984, Legend was founded.

With funding from the Institute of Computing Technology Chinese Academy of Sciences (CAS), Mr. Liu Chuanzhi and 10 other researchers founded the Chinese Academy of Sciences Computer Technology Research Institute New Technology Development Company (predecessor of Legend Holdings) in a reception room. The group of pioneers had little knowledge of the market, received the rights of managing human resources, finance, and making major business decisions from the Computing Institute, and started their explorations at the start of China’s reform and opening-up. They secured.

In 1984, Mr. Liu Chuanzhi and 10 other researchers started Legend in a 20-square-meter reception room of the Institute of Computing Technology Chinese Academy of Sciences.

In 1985, Legend ventured into the distribution business.

Starting in 1985 as a sales agent for IBM, AST, HP and other international PC brands, Legend began to accumulate capital and learn about the management and operations of international enterprises. This laid a foundation for the development of PC of its own brand. In 1986, Legend developed its first hit product, the Legend Chinese Character Card, which won the first prize for “National Award for Progress in Science and Technology.”

In 1986, Legend developed its first hit product, the Legend Chinese Character Card.
In 1988, Legend Hong Kong was founded.

In 1988, Legend launched its first public recruitment campaign.

In May 1988, Legend published a recruitment advertisement on the important news page of the China Youth Daily to launch the company’s first public recruitment campaign. A group of fresh graduates with bachelor’s and master’s degrees, including Yang Yuanqing and Guo Wei, joined Legend at that time. These new hires injected new energy into the company and later became the backbone of Legend.

In 1992, Legend cooperated with the China Construction Bank to provide loans to 72 young employees, included Yang Yuanqing and Guo Wei, to buy their own apartments while Legend served as the loan guarantee.

In 1990, the first “Legend” brand PC was launched.

Legend founders were dedicated to the goal of developing PC of their own brand despite the lack of relevant license from the State. In 1988, Legend set up its Hong Kong branch in an effort to accumulate capital through international trade and acquire first-hand experience in the overseas market. Its Hong Kong branch was engaged in the development, manufacture and sales of computer motherboards which were exported to European and American markets and had formed certain scale. In 1990, the “Legend” brand PC became a hit at the Hanover (Germany) Electronics Fair and the company eventually received the license from the State. In 1990, the “Legend” brand PCs were launched in the domestic market.

In 1990, the “Legend” brand PC (Legend 286) was launched in the domestic market.

In 1994, Legend founded its personal computer division and got listed in HK.

In the 1990s, the domestic PC market changed significantly as the country cancelled import quota system and reduced tariffs. As a result, large numbers of international PC producers entered the Chinese market and posed threats to domestic brands, prompting concerns about the fate of Legend. After in-depth analysis and research, Legend determined to stick to its own brand in an effort to push forward the domestic computer industry. As a result, Legend initiated restructuringin 1994 and appointed the then 29-year-old Yang Yuanqing as general manager of the personal computer division. This division leveraged channel partners to compete neck-to-neck with foreign competitors. In the same year, Legend was listed on the Hong Kong Stock Exchange under the code HK0992.

1994, the Legend personal computer division was founded.
In 1994, 29-year-old Yang Yuanqing (as in the picture) was appointed general manager of the personal computer division.
Legend was listed on the Main Board of the Hong Kong Stock Exchangeon February 14, 1994.

In 1997, Legend computers claimed the biggest market share on China’s domestic market.

Legend reflected on the the industry pattern and enterprise development after years of exploration and practice. In 1997, Legend PC claimed the biggest market share on China’s domestic market for the first time .

1997, Legend integrated its businesses in Beijing and Hong Kong.

In 1995, Legend Hong Kong reported a loss of 195 million Hong Kong dollars, which amounted to approximately the profits made in the previous three years. Legend was forced to raise fund and conduct a restructuring. In order to further emanicpate its productivity and to form a unified headquarter, the company implemented an integration of its Beijing and Hong Kong operations in 1997 through which Legendtransferred the PC, distribution and system integration businesses from Beijing branch into Hong Kong branch. As a result, a unified Legend was able to develop and prosper from then on.

In 2000, Legend computers acquired the largest market share in the Asia-Pacific region (excluding Japan) for the first time.

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